GOLD AND SILVER REBOUND DURING PHYSICAL TIME ZONES AND DURING COMEX TIMES BUT WHACKED AGAIN DURING ACCESS TIME ZONES (NON PHYSICAL)

by Harvey Organ, Harvey Organ Blog:

GOLD OI CLIMBS BY 11,000 CONTRACTS WHEREAS SILVER OI HARDLY BUDGES/TRUMP BASICALLY LAUNCHES A TRADE WAR WITH CHINA AND RUSSIA/THE EU READY TO RETALIATE AGAINST THE USA RUSSIAN SANCTIONS/ADD NOW TURKEY TO THE GROWING LIST OF COUNTRIES BUYING MASSIVE AMOUNTS OF PHYSICAL GOLD: TURKEY LAST MONTH 68.4 TONNES WHICH IS ABSOLUTELY HUGE!!/IN THE USA, 2018 LOOKS LIKE ANOTHER 30% RISE IN OBAMACARE PREMIUMS: BELIEVE IT OR NOT THEY ARE BLAMING TRUMP!!

In silver, the total open interest FELL BY A TINY 358 contracts from 207,643 DOWN TO 207,258 WITH NO GAIN IN THE PRICE THAT SILVER TOOK WITH RESPECT TO YESTERDAY’S TRADING (UP 0 CENT(S). WHEN YOU COMPARE THE HUGE GAIN IN OI FOR GOLD THEN YOU MUST ADMIT THAT IT SURE LOOKS LIKE BOTH THE SPECULATOR SHORTS AND THE BANKER SHORTS ARE HAVING SEVERE PROBLEMS TRYING TO COVER THEIR SHORTFALL WHICH CANNOT COME TO FRUITION. THE LONGS REMAIN STOIC AND NOTHING WILL BUDGE OUR SILVER LEAVES FROM DEPARTING OUR SILVER TREE. YESTERDAY’S TRADING IS EVIDENCE OF THAT

 In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.038 BILLION TO BE EXACT or 148% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 107 NOTICE(S) FOR 535,000OZ OF SILVER

In gold, the open interest ROSE by A MONSTROUS 11,747 with the RISE in price of gold ($4.95 yesterday.)  The new OI for the gold complex rests at 448,709. Yesterday we had the bankers supplying a major amount of short paper to newbie longs who entered the arena like gangbusters.  The specs shorts covered but at a higher price.No wonder a raid was orchestrated overnight with the intention of cooling gold’s jets. It seems that the raid failed again.  The bankers are losing control over the precious metal markets

we had: 193 notice(s) filed upon for 19,300 oz of gold.