Gold at (1:30 am est) $1257.40 down $.20
silver was : $18.35: UP 1 CENT
Access market prices:
Gold: $1253.00
Silver: $18,29
For comex gold:
FEBRUARY/
NOTICES FILINGS FOR FEBRUARY CONTRACT MONTH: 65 NOTICE(S) FOR 6500 OZ. TOTAL NOTICES SO FAR: 6023 FOR 602300 OZ (18.7340 TONNES)
For silver:
For silver: FEBRUARY
13 NOTICES FILED FOR 65,000 OZ/
TOTAL NO OF NOTICES FILED: 614 FOR 3,070,000 OZ
This is options expiry week for both the silver and gold contracts. First day notice is this Tuesday, Feb 28.2017. Options expired on the comex yesterday and on the OTC market in London they will expire 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.
The gold/silver equity shares again performed terribly today. We have seen gold/silver metal rise in the past 8 weeks but the silver/gold equity shares have been trampled upon by our crooks. Tomorrow, options expiry in the UK and OTC generally end in the morning so we should see some recovery in the price of the metals and hopefully the equity shares rise from their constant whacking.
Tomorrow is also first day notice for the active silver, and non active gold comex contract.
Let us have a look at the data for today
This post was published at Harvey Organ Blog on February 27, 2017.
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