Note: 5: In silver the OI strangely increased back up to 650 contracts or 3.25 million oz of silver remain to be serviced upon.
Thus the total amount of silver standing for real metal in March (we do not know how much was settled for cash) is:
14.4 million plus 4.6 million plus 3.25 million which equals 22.25 million oz.
By golly, our missing 1 million oz of silver reappears.
There is no doubt that the cartel bankers are having their hands full with the silver delivery.
This is Adrian Douglas' comments on the lack of movement in the silver dealer inventory:
As for gold, these are all options exercised for real metal. So far it looks like 42100 oz or 1.33 tonnes of physical gold are standing in a non delivery month of March. This is relatively high.
OK lets go to the economy:
Yesterday we saw the release of the jobs number and it showed a drop of 36000 workers. They claimed the weather for the loss of workers.
This figure also shows a net gain of 15000 censor workers who has since been let go.
The shadowgovernment stats by John Williams shows that U6 which is a measure of the employed plus underemployed rose from 16.5% to 16.8%.
These are real government figures. In the 1990's the government used u6 as their measure of unemployed. Now they use the U3 which eliminates temporary discouraged
unemployed or underemployed.
The shadowstats number for the permanent unemployed or underemployed rose to 21.6%. Here is this report:
I found this commentary from the Gartman Letter very intriguing from the standpoint of gold:
This man is very well informed by the banking cartel et al. You must take this news as serious. Private Arab holders of oil are wishing to take oil money and put it into gold and take 6% of world production or
144 tonnes of gold.
Looks like we have 4 major players seeking gold:
1. the Arab oil sheiks
2. the Chinese
3. the Russians
4. Eric Sprott
As always, I give you a little news on individual states in the usa and see how they are faring in this economy: (from lemetropolecafe.com)
Note: the huge budget gap in Florida at 3.2 billion dollars
Nobel Prize winner Joseph Sitglitz blasted the Fed as being corrupt yesterday.
from the Huffington post:
and then this story on the faulty 21 billion mortgages:( from Bloomberg)