GOLD RISES $7.70 BUT THE STAR IS SILVER UP 38 CENTS ON THE DAY/NORTH KOREA LAUNCHES ANOTHER LONG RANGE BALLISTIC MISSILE

from Harvey Organ:

TRUMP SIGNS AN HISTORIC ARMS DEAL WITH SAUDI ARABIA/TRUMP IS NOW IN ISRAEL

In silver, the total open interest FELL BY 760 contracts DOWN to 209,081 DESPITE THE RISE IN PRICE OF SILVER THAT TOOK PLACE WITH FRIDAY’S TRADING (UP 16 CENT(S). OUR BANKER FRIENDS NEED A LOT MORE SILVER CONTRACTS TO FALL FROM THE SILVER TREE. ALSO THERE IS SOME INDICATION THAT THE BANKERS HAVE BEGUN TO DELTA HEDGE THEIR MASSIVE SHORT POSITION. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.049 BILLION TO BE EXACT or 150% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 26 NOTICE(S) FOR 130,000 OZ OF SILVER

In gold, the total comex gold FELL BY 7,548 contracts DESPITE THE RISE IN THE PRICE OF GOLD ($1.25 with FRIDAY’S TRADING). The total gold OI stands at 437,271 contracts. THERE MUST HAVE BEEN CONSIDERABLE SHORT COVERING. THE COT REPORT ALSO GIVES US SOME CLUES THAT THE BANKERS HAVE COMMENCED SHORT DELTA HEDGING TO OFFSET THEIR HUGE SHORT POSITIONS

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

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