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TRADE WARS BEGIN BETWEEN CANADA AND THE USA/DEFAULTS ON STUDENT LOANS SOARING

BARRICK GOLD PRODUCES LESS GOLD AT HIGHER COSTS/GOLD OPEN INTEREST FALLS BY A TINY 999 CONTRACTS BUT THE SILVER OI FALLS BY OVER 6,000 CONTRACTS

from Harvey Organ:

In silver, the total open interest FELL BY A CONSIDERABLE 6,692 contracts DOWN to 227,866 DESPITE THE GAIN IN PRICE ( 2 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. FOR THE PAST FEW YEARS WE HAVE NOTICED THAT THE OPEN INTEREST IN AN ACTIVE MONTH COLLAPSES AS WE APPROACH FIRST DAY NOTICE. WE NOW KNOW THAT THE MAJORITY OF THE LIQUIDATION RECEIVE AN EFP CONTRACT IN A FUTURE MONTH PLUS FIAT BONUS. WE WILL HAVE TO WAIT AND SEE HOW THIS DEVELOPS THROUGHOUT THE ACTIVE SILVER MONTH OF MAY. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.139 BILLION TO BE EXACT or 163% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH/ THEY FILED: 0 NOTICE(S) FOR NIL OZ OF SILVER

In gold, the total comex gold FELL BY 999 contracts WITH THE FALL IN THE PRICE OF GOLD ($11.60 with YESTERDAY’S TRADING). The total gold OI stands at 481,395 contracts.

Read More @ Harveyorganblog.com

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