Total COMEX Open Interest Plunged to Just 113,326 Contracts Tuesday - Lowest OI Level Since Sept 30, 2013
The March contract saw a gain of 280 contracts, which likely intend to stand for immediate delivery.
April (non-delivery month) also saw a gain of 70 contracts.
The “delivery months” were a different story however.
The May contract declined by -1,217, July declined -511, and September -262.
A net reduction of 1,990 contracts, or ~ 10 million ounces!!
The CME is going to pay dearly for helping extricate the shorts from their tenuous positions ahead of December & March First Notice Days by halting the metals market.
When the Casino is RIGGED, the Gamblers WALK OUT OF THE ESTABLISHMENT
Expect to see the shift towards the East accelerate, as the COMEX simply continues its slow fade into irrelevance.
COMEX Silver Open Interest Plunges To Lowest Level Since 2013!
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