Harvey Organ's Gold & Silver Report

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GRIM REAPER

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Harvey Organ's Gold & Silver Report

posted on Apr 26, 2016 10:58PM

April 26, 2016

The comex options expiry had little effect on both metals. In silver, we now have an all time high in silver OI at 206,037 which represents 1.03 billion oz. Generally when you get a record high OI, you also have high prices for your commodity. In silver it blows my mind that we have a record OI and a low price of silver.

At the gold comex today, we had a good delivery day, registering 202 notices for 20,200 ounces for gold.

Please remember that even though comex options have expired we still have London’s LBMA and OTC to contend with. They expire on Friday morning.