Dovish Fed With “lack Of Inflation” Sends Gold And Silver Soaring After Comex Closes

NORTH KOREA WILL LAUNCH ANOTHER ICBM MAYBE BY TONIGHT/USA PASSES LEGISLATION ORCHESTRATING MORE SANCTIONS AGAINST RUSSIA: THIS TIME SANCTIONING ANYBODY DOING BUSINESS WITH THEIR OIL

from Harvey Organ:

GAS SECTOR/RUSSIA RESPONDS!! EUROPE WILL RESPOND SHORTLY

In silver, the total open interest ROSE BY ONLY 279 contract(s) UP to 206,347 WITH THE RISE IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (UP 10 CENT(S). YESTERDAY THE COMMERCIALS TRIED IN VAIN TO COVER BUT TO NO AVAIL. THE SPEC SHORTS ARE HEARING RUMOURS OF TROUBLE WITH DELIVERIES IN LONDON SO THEY TOO ARE TRYING TO GET OUT OF THEIR SHORTS. THE LONGS CONTINUE TO REMAIN STOIC AND ADD GENTLY TO THEIR LONG SIDE.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.03 BILLION TO BE EXACT or 148% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 21 NOTICE(S) FOR 105,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY ROSE BY 4859 CONTRACTS DESPITE THE FALL IN THE PRICE OF GOLD ($2.10 with YESTERDAY’S TRADING). The total gold OI stands at 463,827 contracts. Surprisingly the liquidation in the front month has stopped as spec longs decided to foolishly take on the bankers on comex expiration week. The bankers mercilessly supplied all the necessary paper. The spec shorts continued to pile into the short side and thus the OI rise.

we had 14 notice(s) filed upon for 1400 oz of gold.

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