Harvey Organ’s Daily Gold & Silver Report – 2016.05.06

Comex gold and silver comex OI rise to multi year highs: gold:569,492/Silver at 202,893/ Gold and silver explode higher on weaker jobs report/Hillary to face FBI interview in two weeks: CBS

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 GOOD delivery day, registering 50 notices for 5,000 ounces for gold,and for silver we had 2200 notices for 1,100,000 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 226.122 tonnes for a loss of 77 tonnes over that period.

In silver, the open interest rose by 1772 contracts up to 202,893 despite the fact that the price was silver was up by only 2 cents with respect to yesterday’s trading (and gold down).

Continue Reading at HarveyOrganBlog.com…