FUN TO BEGIN AT 7:30 CET TIME WITH THE ANNOUNCEMENT OF A BAIL IN AND NATIONALIZATION OF MONTE DEI PASCHI
from Harvey Organ:
In silver, the total open interest ROSE by 352 contracts UP to 160,049 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .800 BILLION TO BE EXACT or 115% of annual global silver production (ex Russia & ex China).
FOR THE DECEMBER FRONT MONTH: 233 NOTICES FILED FOR 1,165,000 OZ.
In gold, the total comex gold ROSE BY 2360 contracts AS WE HAD A FALL IN THE PRICE GOLD ($0.40 with YESTERDAY’S trading ).The total gold OI stands at 401,021 contracts. We are very close to the bottom with respect to OI. Generally 390,000 should do it.
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