SHANGHAI GOLD FIX STILL $25 DOLLAR PREMIUM TO NY PRICING/GLD AND SLV INVENTORIES HOLD CONSTANT/CHINA FINALLY TELLS THE WORLD THAT GLOBAL DEMAND IS WEAK AS THEY CUT WAGES/MONTE DE PASCHI HAS BEEN TOLD TO PREPARE TO A STATE BAILOUT AND ALL ITS RAMIFICATIONS: PREPARE FOR CONTAGION/FITCH DOWNGRADES ITALIAN BANKS/THE HUGE DALLAS POLICE AND FIREFIGHTERS PENSION FUND SEEMS TO BE HEADING TO BANKRUPTCY COURT/USA TRADE DEFICIT COMES IN WORSE THAN EXPECTED AT -42 BILLION DOLLARS: EXPECT A CUT IN GDP GROWTH IN 4THQ
In silver, the total open interest ROSE by 392 contracts UP to 159,866 with respect to YESTERDAY’S trading. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .799 BILLION TO BE EXACT or 114% of annual global silver production (ex Russia & ex China).
FOR THE DECEMBER FRONT MONTH: 52 NOTICES FILED FOR 260,000 OZ.
In gold, the total comex gold FELL by 4,748 contracts WITH THE FALL IN THE PRICE GOLD ($1.10 with YESTERDAY’S trading ).The total gold OI stands at 394,694 contracts. The bankers have done a good job of eviscerating gold (and silver) longs. We are very close to the bottom with respect to OI. Generally 390,000 should do it.
we had a 37 notices filed upon for 3700 oz of gold.
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With respect to our two criminal funds, the GLD and the SLV:GLD:
We had no changes in tonnes of gold at the GLD,
Inventory rests tonight: 869.90 tonnes
.
SLV
we no changes in silver inventory tonight
THE SLV Inventory rests at: 345.955 million oz
THE SLV Inventory rests at: 345.955 million oz
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