APRIL 30/GREECE STRUGGLES TO PAY ITS PENSIONERS/YOUTH UNEMPLOYMENT IN EUROPE STILL OVER 50%/USA NAVY TO ESCORT CARGO SHIPS THROUGH THE PERSIAN GULF IN FULL VIEW OF IRANIAN SHIPS/

Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1182.40 down $27.40 (comex closing time)
Silver: $16.13 down 55 cents (comex closing time)
In the access market 5:15 pm
Gold $1184.00
Silver: $16.13
Gold/silver trading: see kitco charts on the right side of the commentary.
Tuesday was options expiry on the comex. Today was options expiry on the LBMA and on the OTC market in London. The options on the OTC is far greater than on comex so the boys always whack on the first day notice which is the expiry for the big London options for the precious metals.
Following is a brief outline on gold and silver comex figures for today:
At the gold comex today, we had a poor delivery day, registering 0 notices served for nil oz. Silver comex filed with 1481 notices for 7,405,000 oz .
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 242.27 tonnes for a loss of 61 tonnes over that period. Lately the removals have been rising!
In silver, the open interest fell by 2,859 contracts despite the fact that Wednesday’s silver price was up by 12 cents. It sure looks like we had some short covering by the crooked bankers. Also lately it is the custom for OI to liquidate somewhat once we get into an active delivery month. The total silver OI continues to remain extremely high with today’s reading at 176,552 contracts maintaining itself at multi-year highs. The front April month is now off the board. We are now at multi year high in the total OI complex despite a record low price. This dichotomy has been happening now for quite a while and defies logic. There is no doubt that the silver situation is scaring our bankers to no end. The COT report on Friday in silver showed the commercials going long in silver in a big way and the large specs going short. Is a short squeeze coming?
In silver we had 1481 notices served upon for 7,405,000 oz.
In gold, the total comex gold OI rests tonight at 400,337 for a loss of 3226 contracts as gold was down by 3.80 yesterday. We had 0 notices served upon for 1200 oz.
Today, we no change in gold inventory at the GLD/ Gold Inventory rests at 739.06 tonnes.
In silver, / /we had a huge loss of 23.963 million oz of silver inventory to the SLV/ and thus the inventory tonight is 327.673 million oz
We have a few important stories to bring to your attention today…

This post was published at Harvey Organ Blog on April 30, 2015.