SLV HAS A LOSS OF 3.309 MILLION OZ/TURKEY ON TRACK TO IMPORT A MONSTROUS 400 TONNES OF GOLD/CHINA ON TARGET TO IMPORT 130 MILLION OZ OF SILVER AND YET THEY ARE A HUGE SILVER PRODUCER from Harvey Organ:
VENEZUELA OUT OF CONTROL AS OPPOSITION MAY RESORT TO GUERRILLA WARFARE TO COMBAT MADURO’S NEW CONSTITUTIONAL THREAT
In silver, the total open interest FELL BY 480 contract(s) DOWN to 206,068 WITH THE FALL IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (DOWN 4 CENT(S). YESTERDAY THE COMMERCIALS TRIED IN VAIN TO COVER BUT TO NO AVAIL. THE SPEC SHORTS ARE HEARING RUMOURS OF TROUBLE WITH DELIVERIES IN LONDON SO THEY ARE TRYING TO GET OUT OF THEIR SHORTS. THE LONGS CONTINUE TO REMAIN STOIC.
In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.03 BILLION TO BE EXACT or 147% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 122 NOTICE(S) FOR 610,000 OZ OF SILVER
In gold, the total comex gold FELL BY 4830 CONTRACTS WITH THE FALL IN THE PRICE OF GOLD ($0.25 with YESTERDAY’S TRADING). The total gold OI stands at 458,968 contracts. We continue to have liquidation in the front month as these guys are given EFP’s which gives them the right to receive a fiat bonus plus a future delivery product and these are generally London based forwards. We will continue to see liquidation up until first day notice on July 31.2017.
we had 6 notice(s) filed upon for 600 oz of gold.