by Harvey Organ, HarveyOrgan.Blogspot.ca:
Good evening Ladies and Gentlemen:
Gold closed up $15.20 to $1587.20 (comex closing time). Silver rose by 75 cents to $27.87 (comex closing time).
In the access market at 5 pm: gold: 1585.30 silver: 28.00
At the comex, the open interest in silver rose to multi year highs at 161,574 contracts. The total amount of gold ounces standing for April rose to 31.80 tonnes and silver also had an increase to 2.608 million oz standing.
In other physical news, silver eagle sales continue to boom. We also learn that the largest USA dealer Tulving is out of supply and they do not know when they will be supplying the silver. Gold imports into China continues to rise and this month a net 61 tonnes of gold entered China through Hong Kong.
In paper news, we have stories on the increase of selling of Japanese bonds by foreigners and the recipients are the European bonds.
Please follow SGT Report on Twitter & help share the message.