GOLD AND SILVER HOLD DESPITE THIS BEING THE LAST DAY FOR OPTIONS EXPIRY ON LONDON OTC CONTRACTS

by Harvey Organ, Harvey Organ Blogspot

WAR OF WORDS BETWEEN USA, NORTH KOREA AND CHINA RE THE NORTH KOREA’S LAUNCHING OF THAT ICBM/SOUTH KOREAN OFFICIALS STATE THAT THEY MAVE BEEN LOOKING AT A SURGICAL STRIKE AGAINST NORTH KOREA/PUTIN RETALIATES BY REMOVING 755 USA DELEGATES IN MOSCOW/USA IN ITS FIRST STRIKE AGAINST MADURO SANCTIONS ANY PERSONAL DEALINGS WITH MADURO HIMSELF/TRUMP THREATENS TO END SUBSIDY PAYMENTS ON OBAMACARE INCLUDING CONGRESS MEMBERS/TREASURY EXPECTS TO ISSUE 1/2 TRILLION IN DEBT IN 4TH QUARTER: THEY CLAIM THAT BY SEPT 30 THEY WILL HAND ONLY 60 BILLION USA INC CASH LEFT

In silver, the total open interest surprisingly  ROSE BY ONLY 277 contracts from 206,554 UP TO 206,781 DESPITE THE GOOD RISE IN PRICE THAT SILVER TOOK WITH RESPECT TO FRIDAY’S TRADING (UP 11 CENT(S). JUDGING FROM THE COT REPORT BOTH THE SPECULATOR SHORTS AND THE BANKER SHORTS ARE HAVING SEVERE PROBLEMS TRYING TO COVER THEIR SHORTS BUT TO NO AVAIL. THE LONGS REMAIN STOIC AND NOTHING WILL BUDGE OUR SILVER LEAVES FROM DEPARTING OUR SILVER TREE.

 In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.035 BILLION TO BE EXACT or 148% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 233 NOTICE(S) FOR 1,165,000OZ OF SILVER

In gold, the open interest rose by 7,287 as new speculators entered the gold arena after the long specs in July DEPARTED with their EFP’s which entitled them to a fiat bonus plus a futures contract and these are most likely London based forwards. The new OI for the gold complex rests at 439,648.

we had, ON FIRST DAY NOTICE: 1637 notice(s) filed upon for 163,700 oz of gold.