GERMAN 2 YR BOND YIELDS PLUMMET TO -.95% AS THE ECB IS RUNNING OUT OF GERMAN BONDS TO PURCHASE/ THE USA/YEN CROSS BREAKS BELOW 112 TO CLOSE AT 111.95 WHICH IS GOOD FOR GOLD
from Harvey Organ:
BITCOIN RISES ABOVE 1200 USA PER COIN AND APPROACHES GOLD’S VALUE/CONFUSION GALORE WITH TRUMP: TODAY HE WANTS A LOWER USA DOLLAR/TRUMP KICKS OUT CNN, THE BBC, NYTIMES AND OTHERS FROM PRESS CONFERENCES
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 performed terribly again today against the huge run up in the physical price. Expect extreme volatility in the precious metals and shares in the next two trading days.
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