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Gold Rises On Mnuchin Indecision/silver Breaks Out Of The 18.00 Dollar Stranglehold

Friday, February 24, 2017 5:27
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(Before It's News)

OPEN INTEREST IN SILVER CLIMBS CLOSE TO 215,000 CONTRACTS (1.07 BILLION OZ) DESPITE YESTERDAY’S DROP

from Harvey Organ:

THE VOLUME AT THE COMEX EXCEEDS 150,000 CONTRACTS WHICH IS HUMONGOUS/GOLD/SILVER EQUITY SHARES FLOUNDER S THE BANKERS DIG IN THEIR HEELS WITH RESPECT TO THE SILVER ONSLAUGHT/HUGE DROP IN GASOLINE DEMAND: LOWEST READING IN 16 YEARS/MNUCHIN INDECISION SENDS GOLD AND SILVER HIGHER/BORDER TAX NOW BACK INTO FAVOUR WITH TRUMP!

In silver, the total open interest ROSE by 6182 contracts UP to 214,329 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 1.072 BILLION TO BE EXACT or 153% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH: THEY FILED: 24 NOTICE(S) FOR 2400 OZ

In gold, the total comex gold ROSE BY 2441 contracts DESPITE THE FALL IN THE PRICE GOLD ($5.50 with YESTERDAY’S trading ).The total gold OI stands at 429,609 contracts

Read More @ Harveyorganblog.com

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