Gold Breaks Above The 1240-1250 Resistance To Close At $1254.75/silver Up 11 Cents At $16.49

THE BIG 3 GERMAN AUTOMAKERS CAUGHT IN ANTI TRUST ACTIONS;BIG FINES WILL BE COMING SHORTLY/TRUMP CHANGES PERSONNEL BIG TIME LAST NIGHT

from Harvey Organ:

In silver, the total open interest FELL BY 1473 contract(s) DOWN to 206,371 DESPITE THE RISE IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (UP 5 CENT(S).TODAY WE HAD SPEC SHORTS AND BANKERS WORKING IN CONCERT TRYING TO COVER THEIR SHORTS. THE BANKERS ARE STILL HAVING AN AWFUL TIME TRYING TO SHAKE THE SILVER LEAVES FROM THE SILVER TREE.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.031 BILLION TO BE EXACT or 147% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 54 NOTICE(S) FOR 270,000 OZ OF SILVER

In gold, the total comex gold FELL BY 79 CONTRACTS DESPITE THE RISE IN THE PRICE OF GOLD ($3.50 with YESTERDAY’S TRADING). The total gold OI stands at 481,177 contracts. THE BANKERS ARE STILL LOATHE TO SUPPLY THE GOLD PAPER AND WISH TO COVER MORE OF THEIR SHORTS. SOME NEWBIE SPEC LONGS CONTINUE TO ENTER THE GOLD COMEX ARENA AGAIN. THE PLETHORA OF DATA RELEASED LAST FRIDAY SHOWING RETAIL SPENDING BASICALLY COLLAPSING ALONG WITH SMALLER INFLATION NUMBERS MUST BE SCARING OUR BANKERS TO DEATH.

we had 0 notice(s) filed upon for NIL oz of gold.

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