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From Murph tonight=WHO is buying and selling all of those gold/silver contracts knowing it is a totally comatose market? Makes no sense, 300K gold trades trying to bang out $2?

Posted by Richard640 @ 18:13 on April 6, 2018  

Also worth noting is that average daily trading volume for gold is typically 5 times that of silver, yet gold’s OI is only twice as much as silver. On a day like Wednesday when the silver OI went up 8,453 it represented nearly 10% of the entire trading for the day.In other words 1 out of every 10 trades was a new short. By comparison gold’s OI increase of 6,654 on Wednesday was less than 1.8% of the entire trading for the day.

I am dumbfounded by it all. Today is YET another lockdown on the metals, while the Dow blows off 400 points. WHO is buying and selling all of those gold/silver contracts knowing it is a totally comatose market? Makes no sense, 300K gold trades trying to bang out $2?

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.