by Harvey Organ, HarveyOrgan.Blogspot.ca:
Gold exploded up $42.60 to $1336.40 (comex closing time ). Silver was also up by $1.05 to $20. 50 (comex closing time)
In the access market at 5:00 pm, gold and silver finished trading at the following prices :
It seems that our specs are in deep trouble with the commercials net long. We will have in the next few weeks a plethora of buyers and a scarcity of suppliers of paper gold.
At the Comex, the open interest in silver rose by 788 contracts to 132,732.
The open interest on the entire gold comex contracts rose by 5193 contracts to 439,539 with gold’s rise in price on Friday.
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