High comex gold OI (591,340 contractions) causes bankers to initiate a huge raid/silver OI also climbs/GLD rises by 2.68 tonnes/China’s demand equates to 171 tonnes or approx 40.7 tonnes/per month/China has an awful April in exports/Poland now refuses to accept any refugees and will not tolerate any EU blackmail/Leader of the opposition in Venezuela assassinated/Austrian chancellor Faymann resigns/Clinton foundation took in 140 million in grants and only 9 million spent on aid with the rest on wages for family members
by Harvey Organ
Harvey Organ’s Blog
[…] Let us have a look at the data for today.
At the gold comex today we had a POOR delivery day, registering 0 notices for NIL ounces for gold,and for silver we had 17 notices for 85,000 oz for the non active April delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 230.39 tonnes for a loss of 73 tonnes over that period.
In silver, the open interest rose by 1843 contracts up to 204,736 as the price was silver was up by 21 cents with respect to Friday’s trading . In ounces, the OI is still represented by just over 1 BILLLION oz i.e. .1.023 BILLION TO BE EXACT or 146% of annual global silver production (exRussia &ex China) We are now at the all time highs for OI with respect to silver and very close in gold.