STRANGE DATA AT THE COMEX; GOLD OPEN INTEREST RISES BY 13000 CONTRACTS BUT THE SILVER OI FALLS BY 3,000 CONTRACTS

from Harvey Organ:

MOODY’S DOWNGRADES SOVEREIGN CHINA’S DEBT/CHAOS ON THE STREETS OF BRAZIL

In silver, the total open interest FELL BY 3,944 contracts DOWN to 203,459 DESPITE THE TINY FALL IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (DOWN 6 CENT(S). IT IS OBVIOUS THAT WE ARE GETTING SOME BANKER SHORT COVERING IN CONJUNCTION WITH BANKER DELTA HEDGING. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.017 BILLION TO BE EXACT or 145% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 8 NOTICE(S) FOR 40,000 OZ OF SILVER

In gold, the total comex gold ROSE BY A HUMONGOUS 13,795 contracts DESPITE THE FALL IN THE PRICE OF GOLD ($5.65 with YESTERDAY’S TRADING). The total gold OI stands at 462,572 contracts. THE BANKERS SUPPLIED THE NECESSARY SHORT PAPER IN TOTAL CONTRAST TO SILVER DESPITE THE FALL IN PRICE ON BOTH METALS. WE MAY HAVE WITNESSED SOME OF THOSE LONG CALLS HIDDEN IN THE EFP’S BEING EXERCISED FOR THE JUNE CONTRACT MONTH

we had 3 notice(s) filed upon for 300 oz of gold.

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