from Silver Doctors:
Following is a brief outline on gold and silver comex figures for today:
At the gold comex today, we surprisingly had a poor delivery day, registering nil notices served for 0 oz. Silver comex filed with 0 notices for nil oz .
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 242.40 tonnes for a loss of 61 tonnes over that period. Lately the removals have been rising!
In silver, the open interest fell by 305 contracts despite the fact that Wednesday’s silver price was down by 28 cents. The total silver OI continues to remain extremely high with today’s reading at 171,410 contracts. The front April month has an OI of 170 contracts for a loss of 15 contracts. We are still close to multi year high in the total OI complex despite a record low price. This dichotomy has been happening now for quite a while and defies logic. There is no doubt that the silver situation is scaring our bankers to no end.
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