GOLD RISES BY $3.30 AND SILVER UP 9 CENTS

GOLD RISES BY $3.30 AND SILVER UP 9 CENTS

Gold: $1229.80  UP $3.30

Silver: $17.38  UP 9 cents

Closing access prices:

Gold $1230.00

silver: $17.43

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: 1243.07 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  1226.90

PREMIUM FIRST FIX:  $16.17

SECOND SHANGHAI GOLD FIX: 1241.86

NY GOLD PRICE AT THE EXACT SAME TIME: 1227.60

Premium of Shanghai 2nd fix/NY:$1426

LONDON FIRST GOLD FIX:  5:30 am est  1228.75

NY PRICING AT THE EXACT SAME TIME: 1227.95

LONDON SECOND GOLD FIX  10 AM: 1229.60

NY PRICING AT THE EXACT SAME TIME. 1230.60

 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

72 NOTICES FILED TODAY FOR 360,000 OZ/

Total number of notices filed so far this month: 3296 for 16,480,000 oz

Let us have a look at the data for today.

In silver, the total open interest SURPRISINGLY FELL by 2566 contracts DOWN to 186,990  despite the huge rise in price with respect to yesterday’s trading.    In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e.  0.940 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH: THEY FILED: 154 NOTICE(S) FOR 770,000 OZ OF SILVER

In gold, the total comex gold also  SURPRISINGLY FELL BY A MONSTROUS 5130  contracts DESPITE WITH  THE HUGE RISE IN THE PRICE OF GOLD ($26.40 with YESTERDAY’S TRADING). The total gold OI stands at 425,717 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 huge change in tonnes of gold at the GLD:a withdrawal of 2.37 tonnes

Inventory rests tonight: 837.06 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 FELL BY 5,130 CONTRACTS DOWN to an OI level of 425,717 DESPITE THE HUGE RISE IN THE PRICE OF GOLD ( $26.40 with YESTERDAY’S trading). WE THEREFORE HAD CONSIDERABLE SHORT COVERING BY THE BANKERS. 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 GAIN of 14 contract(s) UP to 38. We had 0 contact(s) served YESTERDAY, so we GAINED 14 CONTRACT(S) or AN ADDITIONAL 1400 ounces will stand for delivery. The next active contract month is April and here we saw it’s OI LOSE 7,660 contracts DOWN TO 182,880 contracts.

For comparison purposes, the April 2016 contract at this time had an OI of 248,452 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 LOSE 20 contract(s) and thus its OI is 907 contracts. The next big active month is June and here the OI ROSE by 2,817 contracts up to 150,773.

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

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