Digital Gold and Digital Silver Finally Break Free

Digital Gold and Digital Silver Finally Break Free

Gold: $1200.10 DOWN $1.80

Silver: $16.88 DOWN 1 cent

Closing access prices:

Gold $1220.00

silver: $17.34

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: 1219.31 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: 1201.10

PREMIUM FIRST FIX: $18.21

SECOND SHANGHAI GOLD FIX: 1221.37

NY GOLD PRICE AT THE EXACT SAME TIME: 1205.25

Premium of Shanghai 2nd fix/NY:$16.12

LONDON FIRST GOLD FIX: 5:30 am est 1202.25

NY PRICING AT THE EXACT SAME TIME: 1203.60

LONDON SECOND GOLD FIX 10 AM: 1198.80

NY PRICING AT THE EXACT SAME TIME. 1200.00

For comex gold:

MARCH

NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ. TOTAL NOTICES SO FAR: 59 FOR 5900 OZ (0.1835 TONNES)

For silver:

For silver: MARCH

78 NOTICES FILED TODAY FOR 390,000 OZ/

Total number of notices filed so far this month: 3070 for 15,350,000

As I indicated to you yesterday, March 15 would be a very interesting day and indeed it was. Gold and silver both skyrocket once Yellen announces her 1/4% rise. Also the GLD added another 4.44 tonnes of gold to its inventory. Physical gold is in quite demand! The debt ceiling was reached today and tomorrow the clowns start borrowing from trust funds. By Memorial day, they will no doubt run out of money. They need 60% of the House Republican votes to pass the debt ceiling. The hard line tea party members will give the Trump administration heart palpitations as they may refuse to extend the debt ceiling.

Let us have a look at the data for today.

In silver, the total open interest FELL by 1683 contracts DOWN to 186,936 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.935 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH: THEY FILED: 78 NOTICE(S) FOR 390,000 OZ OF SILVER

In gold, the total comex gold ROSE BY A TINY 150 contracts EVEN WITH THE FALL IN THE PRICE OF GOLD ($0.50 with YESTERDAY’S TRADING) The total gold OI stands at 426,170 contracts.

we had 0 notice(s) filed upon for NIL oz of gold.

With respect to our two criminal funds, the GLD and the SLV:

GLD:

We had a big change in tonnes of gold at the GLD: this time another huge deposit of 4.44 tonnes

Inventory rests tonight: 839.43 tonnes.

SLV

We had no changes in inventory at the SLV/

THE SLV Inventory rests at: 331.272 million oz

end

Let us head over to the comex:

The total gold comex open interest ROSE BY A TINY 150 CONTRACTS UP to an OI level of 426,170 WITH THE FALL IN THE PRICE OF GOLD ( $0.50 with YESTERDAY’S trading). We are probably only 33,000 contracts away from rock bottom (393,000). We are now in the contract month of MARCH and it is one of the poorer delivery months of the year. In this MARCH delivery month we had a LOSS of 5 contract(s) DOWN to 26. We had 0 contact(s) served YESTERDAY, so we LOST 5 CONTRACT(S) or AN ADDITIONAL 500 ounces will NOT stand for delivery. The next active contract month is April and here we saw it’s OI FALL by 9016 contracts DOWN TO 190,041 contracts.

For comparison purposes, the April 2016 contract at this time had an OI of 253,325 contracts. At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.

The non active May contract month GAIN 125 contract(s) and thus its OI is 874 contracts. The next big active month is June and here the OI ROSE by 6826 contracts up to 144,104.

We had 0 notice(s) filed upon today for NIL oz

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