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JOBS REPORT IN THE USA SHOWED A BIGGER INCREASE THAN EXPECTED BUT EARNINGS WAS DOWN AND THAT PROPELLED GOLD AND SILVER FROM ITS NADIR

GOLD CLOSED DOWN $1.70 AND SILVER DOWN: 11 CENTS/THE OPEN INTEREST ON SILVER CONTINUES TO REMAIN STOIC AND WE WITNESS THAT IN THE COT REPORT/DAVID STOCKMAN TELLS US WHAT IS GOING TO HAPPEN ON THE 15TH OF MARCH AND BEYOND

from Harvey Organ:

In silver, the total open interest FELL by ONLY 1874 contracts DOWN to 189,548 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.948 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH: THEY FILED: 135 NOTICE(S) FOR 675,000 OZ OF SILVER

In gold, the total comex gold FELL BY A TINY 1790 contracts WITH ANOTHER FALL IN THE PRICE GOLD ($6.10 with YESTERDAY’S TRADING) The total gold OI stands at 432,298 contracts.

Read More @ Harveyorganblog.com

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