Gold Rises $4.20/silver Up Another 17 Cents/gld Loses Another 1.77 Tonnes Despite Gold’s Gain!!

CHINESE SMALL CAPS CRASH LAST NIGHT/ITALY CANNOT HANDLE ANY MORE MIGRANTS: GIVES THE EU AN ULTIMATUM!/TURKEY BOMBS USA ALLY: THE SYRIAN KURDS IN SYRIA

from Harvey Organ:

ISRAEL IS AGAINST THE CEASEFIRE BETWEEN USA FORCES AND RUSSIAN FORCES!/USA HAS A $250 BILLION IN 2017 AND 2018 BUDGET WITH HUGE RAMIFICATIONS!/ PAUL BRODSKY OUTLINES TWO HUGE RED FLAGS!

In silver, the total open interest ROSE BY A TINY 233 contract(s) UP to 206,591 DESPITE THE GOOD RISE IN PRICE THAT SILVER TOOK WITH FRIDAY’S TRADING (UP 21 CENT(S). EVEN WITH THE DATA ON FRIDAY (COT SHOWING SPECS GOING NET SHORT AND COMMERCIALS NET LONG FOR THE PAST 10 DAYS ENDING LAST TUESDAY) , THE ONLY EXPLANATION THAT I CAN THINK OF IS SOMETHING HAS SCARED OUR BANKERS TO NO END AND THEY STARTED TO COVER THEIR SHORTFALL IN EARNEST ALONG WITH OUR BANKER SHORTS. HOWEVER THE BANKERS ARE 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. 1.034 BILLION TO BE EXACT or 148% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 51 NOTICE(S) FOR 255,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY FELL BY A RATHER LARGE 3,770 CONTRACTS DESPITE THE HUGE RISE IN THE PRICE OF GOLD ($12.00 with FRIDAY’S TRADING). The total gold OI stands at 483,827 contracts. AGAIN, AS IN SILVER SOMETHING HAS SCARED OUR BANKERS AS THEY STARTED TO COVER THEIR GOLD SHORTS IN EARNEST ALONG WITH THE NEWBIE SPECULATOR SHORTS. THE PLETHORA OF DATA RELEASED ON FRIDAY SHOWING RETAIL SPENDING BASICALLY COLLAPSING ALONG WITH SMALLER INFLATION NUMBERS MUST BE SCARING THESE GUYS TO DEATH.

we had 3 notice(s) filed upon for 300 oz of gold.

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