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Gold And Silver Rise/gld Holds Constant/chinese Offshore Yuan Soars As Controls Take Hold In China

Thursday, January 5, 2017 11:33
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CHINA THINKING ABOUT DUMPING USA TREASURIES/BITCOIN RISES TO PAR WITH GOLD/MEXICAN PESO PLUMMETS/MACY’S AND KOHL’S CRASH WITH POOR RESULTS TODAY

from Harvey Organ:

In silver, the total open interest FELL by 975 contracts DOWN to 163,812 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. .819 BILLION TO BE EXACT or 117% of annual global silver production (ex Russia & ex China).

FOR THE JANUARY FRONT MONTH IN SILVER: 1 NOTICES FILED FOR 5,000 OZ.

In gold, the total comex gold ROSE BY 1319 contracts WITH THE RISE IN THE PRICE GOLD ($10.40 with YESTERDAY’S trading ).The total gold OI stands at 424,673 contracts.

Read More @ Harveyorganblog.com

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