Going straight to Metals CRIMEX news folks. On Friday I warned you of large wealthy investors starting to take their phyzz gold. The Gold OI got smoked AGAIN for the 2nd day in a row at 19,395 contracts.
242,427 ounces were withdrawn out of the Comex for Gold. This is not a small amount of Gold folks.
602,164 withdrawn from silver vaults after switches.
If Gold and Silver were bubbles why are people piling into each other to get their hands on the phyzz?
Gold: 13,040 spec longs added, commercials add 6434 SHORT
If bells and whistles are NOT RINGING in your face right now YOU NEED TO re read it. If OI declined for the last two days by over 35,000 contracts and large specs added 13K, ask yourself what the FUCK IS GOING ON?
Silver: commercials add 2419 long, and COVER 1477!! Hello! they are starting to run away! Lets see if we can rally to $43-45 and squeeze the rest of these idiots like lemons.
Sorry I was late, the weather here has been great, it has been raining for like 3 straight months, so I had to hit the sun.
For those finding my blog boring, go over to the weather units then if I'm not living up to your paid subscription standards.
Be back later tonight when the market opens, I suspect a dead day tomorrow, but lets see it rally instead.