EU IS FORCING 3 COUNTRIES TO ACCEPT MIGRANTS AGAINST THEIR WISHES/SWITZERLAND FOR ITS 2ND CONSECUTIVE MONTH EXPORTS MORE GOLD THAN IT IMPORTS: IT HAS 0 MINING OPERATIONS IN ALL OF SWITZERLANDfrom Harvey Organ:
In silver, the total open interest surprisingly ROSE BY 1352 contracts from 206,347 UP to 207,699 DESPITE THE FALL IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (DOWN 9 CENT(S). YESTERDAY AGAIN THE COMMERCIALS TRIED IN VAIN TO COVER BUT TO NO AVAIL. EVEN WITH THE HELP OF OPTIONS EXPIRY THEY COULD NOT GET THE SILVER LONGS TO LEAVE THE SILVER TREE. THE SPECS SHORTS ALSO DESPERATELY TRIED TO COVER THEIR SHORTFALL. RELUCTANTLY THE BANKERS CONTINUED TO SUPPLY THE SHORT PAPER.
In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.04 BILLION TO BE EXACT or 148% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 112 NOTICE(S) FOR 560,000 OZ OF SILVER
In gold, the total comex gold AFTER A ONE DAY HIATUS FELL BY A WHOPPING 13,506 CONTRACTS WITH THE FALL IN THE PRICE OF GOLD ($2.25 with YESTERDAY’S TRADING). The total gold OI stands at 450,321 contracts. The liquidation in the front month has now resumed where we left off on Tuesday as spec longs liquidated their comex contracts FOR EFP CONTRACTS which gives them a fiat bonus plus a future delivery product which most likely is a London based forward. (It was extremely strange yesterday to witness WEDNESDAY’s huge OI gain..maybe an error from the CME.)
we had 4 notice(s) filed upon for 400 oz of gold.