Silver on Thursday at the comex recorded an all time record for open interest and yet the price is 29 dollars cheaper. It defies commodity law!
from Harvey Organ:
HUGE INCREASE IN THE AMOUNT OF GOLD STANDING FOR JULY: ALMOST 19 TONNES/JAPAN’S KURODA STUNS MARKETS BY STATING “HELICOPTER MONEY” IS OFF THE TABLE/DRAGHI LESS ACCOMMODATING BUT HINTS AT PUBLIC BAILOUT FOR ITALIAN BANKS
For the July gold contract month, we had a huge 739 notices served upon for 73,900 ounces. The total number of notices filed so far for delivery: 6068 for 606,800 oz or 18.874 tonnes
In silver we had 28 notices served upon for 140,000 oz. The total number of notices filed so far this month for delivery: 2134 for 10,670,000 oz
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