The USA Mint Posts a Huge 63,000 Oz of Gold Sales / IMF Warns Spain That Its Debt is Unsustainable / The CBC Airs its Gold Manipulation Documentary Tonight
by Harvey Organ
Harvey Organ’s Daily Gold & Silver Report
Good evening Ladies and Gentlemen:
Gold closed up $9.80 to $1392.00 (comex closing time). Silver fell by 6 cents to $23.24 (comex closing time).
In the access market at 5 pm:
gold: $1392.10
silver: $23.28
At the comex, the open interest in silver fell considerably to 154,640 contracts but still holding at elevated levels . The open interest on the gold contract fell by a tiny 733 contracts to 412,350. Generally, I would say that 390,000 OI would be rock bottom for gold but in this environment anything goes. The total amount of gold ounces standing for April fell slightly to 34.35 tonnes but silver had an increase to 3.725 million oz standing.
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