Total gold open interest at the close Friday exploded by 32,751 COMEX contracts, a very depressing number -- and I'm hoping/praying that it's spread related. Total silver o.i. only rose by only 1,862 contracts...a number I was happy to see.
While only one percent of physical silver is brought to market through Comex settlement. This — 1% of the trades applies throughout the entire commodity sector.
The other, 99% of the time settlement is in currency (fiat fictions) ...
Jeff Clark, Senior Precious Metals Analyst at GoldSilver.com, delivers a prescient speech about the silver price, and how its next bull run might unfold.
