MARCH 10/JOBS REPORT IN THE USA SHOWED A BIGGER INCREASE THAN EXPECTED BUT EARNINGS WAS DOWN AND THAT PROPELLED GOLD AND SILVER FROM ITS NADIR: GOLD CLOSED DOWN $1.70 AND SILVER DOWN: 11 CENTS/TH…

Gold: $1200.70 down $1.70
Silver: $16.88 down 11 cents
Closing access prices:
Gold $1205.00
silver: $17.03
For comex gold: MARCH/ NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 2 NOTICE(S) FOR 200 OZ. TOTAL NOTICES SO FAR: 59 FOR 5900 OZ (0.1835 TONNES)
For silver: For silver: MARCH 135 NOTICES FILED TODAY FOR 675,000 OZ/
Total number of notices filed so far this month: 2748 for 13,740,000
Let us have a look at the data for today
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In silver, the total open interest FELL by ONLY 1874 contracts DOWN to 189,548 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.948 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 135 NOTICE(S) FOR 675,000 OZ OF SILVER
In gold, the total comex gold FELL BY A TINY 1790 contracts WITH ANOTHER FALL IN THE PRICE GOLD ($6.10 with YESTERDAY’S TRADING) The total gold OI stands at 432,298 contracts.
we had 2 notice(s) filed upon for 200 oz of gold.

This post was published at Harvey Organ Blog on March 10, 2017.