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Chaos In China As Overnight Lending Rises To 80%/offshore Yuan Rises To 6.83 Killing Many Shorts

Friday, January 6, 2017 5:24
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(Before It's News)

TRUMP THREATENS TOYOTO TO BUILD THEIR PLANT IN THE USA AND NOT IN MEXICO TO AVOID THE BORDER TAX/PANIC IN MEXICO AS THE PESO PLUMMETS TO 21.44 TO THE DOLLAR ON DONALD TRUMP FEARS/GOLD RISES TO $1179.70 UP $15.90/SILVER UP 8 CENTS TO $16.58

from Harvey Organ:

In silver, the total open interest ROSE by 553 contracts UP to 164,365 with respect to YESTERDAY’S TRADING (short covering by the banks). In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .821 BILLION TO BE EXACT or 117% of annual global silver production (ex Russia & ex China).

FOR THE JANUARY FRONT MONTH IN SILVER: 110 NOTICES FILED FOR 550,000 OZ.

In gold, the total comex gold FELL BY 1065 contracts DESPITE THE RISE IN THE PRICE GOLD ($3.40 with YESTERDAY’S trading ). WE MUST HAVE HAD SHORT COVERING.The total gold OI stands at 423,608 contracts.

Read More @ Harveyorganblog.com

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