RUSSIA, IRAN AND TURKEY BAN USA FLIGHTS OVER SAFE ZONES IN SYRIA/NEW YORK FED LOWERS ITS ESTIMATE FOR 2ND QUARTER GDP TO ONLY 1.8%

from Harvey Organ:

In silver, the total open interest FELL BY ONLY 1951 contracts DOWN to 188,527 DESPITE THE CONTINUAL PUMMELING IN THE PRICE ( 28 CENTS) THAT SILVER TOOK WITH RESPECT TO YESTERDAY’S TRADING. HARDLY ANYBODY BUDGED!!. In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.943 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 382 NOTICE(S) FOR 1,910,000 OZ OF SILVER

In gold, the total comex gold FELL BY ONLY 741 contracts DESPITE THE CONTINUAL FALL IN THE PRICE OF GOLD ($19.90 with YESTERDAY’S TRADING). The total gold OI stands at 458,526 contracts.

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