Gold Rises During Asian/european And Comex Time Zones But Then Pushed Back In Access Time Zone (non Physical)/silver Unchanged
OBAMA ESCALATES WAR WITH CHINA AS THEY INITIATE AN ALUMINIUM COMPLAINT/TILLERSON STATES THAT HE WILL BLOCK CHINA’S ACCESS TO THE SOUTH CHINA SEAS/US SOLDIERS ENTERS POLAND TO STATION RIGHT ACROSS RUSSIA
from Harvey Organ:
NOW IT IS FIAT CHRYSLER THAT IS TAGGED WITH AN EMISSION SCANDAL/TRIAL BALLOONS BY THE FED AS THEY ARE TRYING TO REDUCE THEIR BALANCE SHEET
In silver, the total open interest ROSE by 3,491 contracts UP to 168,531 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .842 BILLION TO BE EXACT or 120% of annual global silver production (ex Russia & ex China).
FOR THE JANUARY FRONT MONTH IN SILVER: 0 NOTICES FILED FOR nil OZ.
In gold, the total comex gold ROSE BY ONLY 1,589 contracts WITH THE RISE IN THE PRICE GOLD (11.40 with YESTERDAY’S trading ). I would have expected a higher OI so we must have had some short covering. The total gold OI stands at 445,590 contracts.
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