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JP Morgan’s COMEX Silver Stash Tops 83 Million Troy Ounces

Saturday, January 7, 2017 17:10
% of readers think this story is Fact. Add your two cents. / By Ed Steer / Sunday, 8 January 2017

The gold price was under a bit of selling pressure during the Far East trading session on Friday. That lasted until the London open — and then it rallied back towards unchanged. That rally, such as it was, got cut off at the knees at precisely 11:00 a.m. GMT in London. From there it chopped lower until the low tick of the day was placed around 2 p.m. EST in the thinly-traded after-hours market in New York. It inched quietly higher from there into the close.

Gold traded within a ten dollar price range everywhere on Planet Earth on Friday, so I shall dispense with the high and low ticks.

Gold finished the Friday session in New York at 1,172.20 spot, down $8.00 from Thursday’s close. Net volume was very high once again at just under 195,000 contracts.


The post JP Morgan’s COMEX Silver Stash Tops 83 Million Troy Ounces appeared first on Silver For The People.


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