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GOLD RISES BY $4.60 AND SILVER FOLLOWS SUIT BY 20 CENTS/SILVER OPEN INTEREST RISES AGAIN TO 212,364 CONTRACTS

16-5-2017 < SGT Report 52 180 words
 

THE AMOUNT STANDING AT THE SILVER COMEX IS 22.5 MILLION OZ/NORTH KOREA FIRES ANOTHER BALLISTIC MISSILE AND THIS TIME A LONG RANGE ONE WITH NUCLEAR CAPABILITIES


from Harvey Organ:


CHINA REPORTS DISMAL RESULTS ON 4 MAJOR CATEGORIES THIS MORNING/FALLOUT FROM RANSOMWARE EFFECTS EUROPE/NOW VARIANTS OF THE RANSOMWARE APPEAR


In silver, the total open interest ROSE again BY a HUMONGOUS 5,597 contracts UP to 212,364 WITH THE RISE IN PRICE OF SILVER THAT TOOK PLACE ON FRIDAY’S TRADING (UP 21 CENT(S). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.062 BILLION TO BE EXACT or 151% of annual global silver production (ex Russia & ex China).


FOR THE NEW FRONT MAY MONTH/ THEY FILED: 22 NOTICE(S) FOR 110,000 OZ OF SILVER


In gold, the total comex gold FELL BY A SMALLISH 1,116 contracts DESPITE THE RISE IN THE PRICE OF GOLD ($3.80 with FRIDAY’S TRADING). The total gold OI stands at 433,356 contracts.


we had 10 notice(s) filed upon for 1000 oz of gold.


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