FOR THE 13TH CONSECUTIVE TRADING DAY, THE AMOUNT OF SILVER STANDING AT THE COMEX INCREASES/CHANCES FOR A RATE HIKE IN JUNE TUMBLES

from Harvey Organ:

In silver, the total open interest FELL BY a TINY 100 contracts DOWN to 215,127 DESPITE THE HUGE RISE IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (UP 20 CENT(S). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.075 BILLION TO BE EXACT or 154% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 28 NOTICE(S) FOR 140,000 OZ OF SILVER

In gold, the total comex gold FELL BY 3.487 contracts WITH THE RISE IN THE PRICE OF GOLD ($6.10 with YESTERDAY’S TRADING). The total gold OI stands at 435.021 contracts. WE MUST HAVE HAD CONSIDERABLE BANKER SHORT COVERING YESTERDAY.

we had 0 notice(s) filed upon for NIL oz of gold.

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