Before the Comex updates, I would like to let everyone in on some insider info. Spoke with an insider today, the machine for the RCM 100 oz bar is cooked, and the part is from Italy. So that's going to take forever. If you are looking for an 100 oz RCM, buy it tonight as they will be out indefinitely. Secondly, because of the Canadian Mint producing so many grizzles, the maples are soon to be extinct on the shelves as well. Thirdly, this machine problem will cause a massive demand for other 100 oz bars. Watch these vanish within the week. You heard it here first. Fourthly, how many fuckin bars are you making that your industrial machine breaks? Hint. Hint.
-OI rises by, lets say I dont know, 14,285!!!
-low volume=no speculators playing, just people wanting their fuckin gold
-vaults like ghost town
-1,131,100 oz standing this month (gained)
-OI contracts by only 5090
-The total open interest declined from 50,848 to 39,528 (rest standing for delivery)
-Feb OI rises, people want their metal now before the fireworks show!
-Surge in volume last 2 days
-no movements (leading me to believe that COMEX data could now be full of shit)
-2,745,000 oz standing (rise)
CHECK THIS SHIT OUT: SLV adds 7.38 million oz tonight! How the fuck can you move 5.3 out yesterday and then move 7.38 in today in a day? That's not like bumming a cigarette for example.
I am the proud owner of my first 1 kg Aussie Kookaburra (certified real). I will use it as a coaster for my brews as I watch the fireworks in March. Like I said a while ago, I buy anything PHYSICAL under $34, spot price doesn't mean anything anymore. I hope you have your metals in your hand. You may get a pullback to $32.5-33 tonight, but I assure you it will be short lived. Enjoy the rest of the show. Comments welcomed.
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Greek police man gets set ablaze, Bahrain+Libya+every ME country in flames, US debt ceiling about to be punched out, March 11 Saudi destruction plan, IMF says some shit don't listen to it, Auction failure, Geither sounding more and more like Mozillo, QE 3 coming..what!!?, WTI set for $348 soon.