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GOLD AND SILVER WHACKED IN THE ACCESS MARKET AGAIN/GOLD/SILVER EQUITY SHARES ALSO WHACKED

NO MOVEMENT OF GOLD FROM THE FRBNY/TROUBLE AT GREEK BANKS AS CITIZENS THERE REMOVE THEIR DEPOSITS AND PLACE IN SAME HAVENS OTHER THAN GREECE

from Harvey Organ:

HUGE USA TRADE DEFICIT OF 68 BILLIONS DOLLARS WHICH WILL BE A NEGATIVE IN FIRST QUARTER GDP/TARGET PLUNGES DEEPLY INTO THE RED WITH POOR OUTLOOK/MANY BRICKS AND MORTAR COMPANIES HAVE THE SAME PROBLEMS AS TARGET/LIKELIHOOD FOR A RATE HIKE RISES TO 72% IN THE USA

In silver, the total open interest FELL by 9,731 contracts DOWN to 199,568 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.997 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH: THEY FILED: 349 NOTICE(S) FOR 1,745,000 OZ OF SILVER

In gold, the total comex gold FELL BY ONLY 2 contracts WITH THE FALL IN THE PRICE GOLD ($0.20 with YESTERDAY’S trading ).The total gold OI stands at 452,363 contracts.

Read More @ Harveyorganblog.com

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