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Gold And Silver Rebound On Fomc Minutes Released At 2 Pm

Thursday, February 23, 2017 6:13
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from Harvey Organ:

GLD AND SLV INVENTORY REMAIN CONSTANT/GOLD AND SILVER EQUITY SHARES WHACKED/BOTH CHINA AND IRAN ANGRY AT THE USA/TRUMP NOW WORRIED ABOUT DEFICIT SPENDING AND YET THE DOW RISES??

This is options expiry week for both the silver and gold contracts. First day notice is this Tuesday, Feb 28.2017. Options will expire on the comex on Thursday and on the OTC market in London, early Tuesday morning. For the first time comex has silver in backwardation February/March by 2 cents. The open interest on the silver comex is now over 1 billion oz and no doubt that the London OTC is multiples of that. We will be watching this week with open eyes.

Read More @ Harveyorganblog.com

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