Gold Up $2.40 But Silver Down 4 Cents/open Interest In Silver Climbs 1400 Contracts To Almost 200,000 Contracts (1 Billion Oz)

HUGE SHAKEUP IN RIYADH AS SALMAN’S SON MOHAMMED BECOMES CROWN PRINCE AND THIS WOULD LEAD TO A CLASH BETWEEN IRAN AND SAUDI ARABIA/ OIL RETREATS INTO THE 42 DOLLAR COLUMN

from Harvey Organ:

In silver, the total open interest SURPRISINGLY ROSE BY 1,216 contract(s)UP to 199,929 DESPITE THE FALL IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (DOWN 8 CENT(S). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.0005 BILLION TO BE EXACT or 143% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 40 NOTICE(S) FOR 200,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY ROSE BY 3,226 CONTRACTS DESPITE THE FALL IN PRICE OF GOLD ($3.20 with YESTERDAY’S TRADING). The total gold OI stands at 445,841contracts.

we had 9 notice(s) filed upon for 900 oz of gold.

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