YUAN COLLAPSES TO 6.94 TO THE DOLLAR/EURO CRASHES BELOW 1.04/ GERMAN TWO YEAR YIELDS AT RECORD LOWS AS COLLATERAL SCARCE/
CHINA SELLS MASSIVE AMOUNT OF USA TREASURIES ALONG WITH OTHER CENTRAL BANKS: THIS MONTH NO PRIVATE BUYERS COMING TO THE RESCUE TO PURCHASE THE BONDS/GOLD DEMAND IN INDIA RISES 23% IN NOVEMBER/ANOTHER MASSIVE 3 TONNES OF GOLD LEAVES THE COMEX/A MASSIVE 7 TONNES OF GOLD LEAVES THE GLD/NO SILVER LEAVES THE SLV / COMMENTARY HAS NOW BEEN AMENDED AND COMPLETE
In silver, the total open interest ROSE by 923 contracts UP to 164,479 with respect to YESTERDAY’S trading. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .822 BILLION TO BE EXACT or 117% of annual global silver production (ex Russia & ex China).
FOR THE DECEMBER FRONT MONTH: 83 NOTICES FILED FOR 415,000 OZ.
In gold, the total comex gold ROSE by 5077 contracts AS WE HAD A RISE IN THE PRICE GOLD ($4.60 with YESTERDAY’S trading ).The total gold OI stands at 402,111 contracts. We are very close to the bottom with respect to OI. Generally 390,000 should do it.
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With respect to our two criminal funds, the GLD and the SLV:GLD:
We had ANOTHER HUGE change in tonnes of gold at the GLD, a withdrawal of 7.11 tonnes of gold/
Inventory rests tonight: 842.33 tonnes
.
SLV
we had no changes in silver,
THE SLV Inventory rests at: 341.063 million oz
THE SLV Inventory rests at: 341.063 million oz
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