-Huge surge in volume today (anything over 200K contracts is considered unnatural and an indication that unbacked paper was in play today)
-1,132,100 left standing in Feb.
-GLD drops 4.86 tonnes of gold (LOL, I'm literally on the floor here with this stat)
-OI front month still increasing (metal needed)
-166K volume today is very high (unbacked shorts again)
-2,535,000 oz left standing (gained 95K more)
-March month still standing tall, no one budging for cash (bullish)
-SLV sheds 5.6 million oz, YES thats a 5 followed by a dot and a six, then a million! Holy moly...London needs physical dont they...
FROM HERE ON OUT, if inventory is added, we assume its just paper and not physical, here lies a massive transfer of wealth under the guise of a warehouse
Not much commentary today. Not sure I have to say anything anymore tonight. I will say this. Looks like Blythe is now shorting the juniors as they are not really participating in this rally.
I will say this. They are going to crush silver tonight or at least attempt to. I would be shocked to see silver continue its ascent. Not too many after hours sessions left before March 1st. Good luck Blythe, my stink bids are in at $31.99, give it to me baby!
QUICK NEWS : BROUGHT TO YOU BY, you know who!
Bank of England has no physical, Israel calls puppy dog USA to come stop Iranian ships at the expense of the US TAXPAYER, US debt hits 122 % GDP, HP gets decimated after hours-most likely blames the snow, Ghadaffi says fuck you USA, leprosy contagion now in Bahrain escalates, stocks to go bidless as no shorts to cover since even my grandmother is long, POMO does nothing-Dow red first time in 5 months, WTI catches Brent spread another $10 to go after 8% runup.