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GOLD AND SILVER EQUITIES PERFORM WELL TODAY/GOLD UP $4.50 AND SILVER IS UP 8 CENTS/SILVER OPEN INTEREST RISES CLOSE TO 200,000
TOTAL AMOUNT OF SILVER OZ STANDING AT THE COMEX RISES FOR THE 9TH CONSECUTIVE DAY/TOTAL STANDING TODAY: 22.12 MILLION OZ
from Harvey Organ:
IRON ORE PRICES COLLAPSE SENDING COLLATERAL PROBLEMS FOR CHINA/6 CANADIAN BANKS DOWNGRADED BY MOODYS/SILVER PRODUCTION GLOBALLY AT 886 MILLION OZ DOWN .6%/CAPITAL CITY OF CONNECTICUT, HARTFORD TO FILE FOR BANKRUPTCY PROTECTION USING ARTICLE 9/RETAILERS CRASH ON POOR EARNINGS AND OUTLOOK FROM MACY’S
In silver, the total open interest SURPRISINGLY ROSE BY 3,743 contracts UP to 199,826 DESPITE THE SLIGHT RISE IN PRICE THAT SILVER TOOK WITH RESPECT TO YESTERDAY’S TRADING (UP 12 CENT(S). In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.999 BILLION TO BE EXACT or 143% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 55 NOTICE(S) FOR 275,000 OZ OF SILVER
In gold, the total comex gold FELL BY 7781 contracts DESPITE THE RISE IN THE PRICE OF GOLD ($3.05 with YESTERDAY’S TRADING). The total gold OI stands at 425,252 contracts. We are only 35000 contracts away from rock bottom OI. (390,000)
