THE ASSAULT ON $18.50 SILVER BEGINS!! – Harvey Organ

www.silverdoctors.com

THE ASSAULT ON $18.50 SILVER BEGINS!!/AND THEN $1291 GOLD WHICH WILL LEAD TO A BREAKOUT OVER $1300!
DOW PLUMMETS BY 138 POINTS/NASDAQ FALTERS BY 31. PTS/SILVER OPEN INTEREST CLIMBS TO WITHIN 600 CONTRACTS OF A RECORD DESPITE BEING $1.90 OFF WHEN THAT RECORD WAS SET/USA FIRES A HUGE NON NUCLEAR MOAB BOMB WHICH WAS PROBABLY MEANT TO DETER NORTH KOREA/USA GOVERNMENT RECEIPTS FALTER BADLY IN FIRST HALF OF THIS FISCAL YEAR

The open interest in silver continues to advance with today’s reading just under 224,000 contracts or about 700 contracts below the record set last year. The price of silver is a good $2.00 below the price when the record OI was set.

I wrote the following yesterday:
“Late in the day, three important developments:

1. Trump wanted a lower dollar with lower interest rates
2.  North Korea’s Kim stated that there is going to be a big event
3.  Talks with the Russia’s Lavrov and Putin did not go off too well

gold shot straight up to $1286.00 with silver  trading above $18.50 resistance level. The bankers sure have their work cut out for them.  If they cannot contain gold and silver prices their derivatives will blow up!

Since gold and silver made their big move after the comex closed, I do not think that the OI’s for both gold and silver will advance to a higher degree.  However I may be wrong. I will know let tonight…”

boy was I wrong.. the open interest in silver climbed by 3591 contracts up to 223,763 setting the stage for another banker resistance at that $18.50 level.

Gold and silver held their own today despite the higher USA dollar.  As everyone knows, the modus operandi of the crooks is that they never allow for a follow through rally.  So I am happy how our precious metals traded today. Late tonight I will receive the preliminary OI for both gold and silver and with James McShirley’s excellent reading of the tea leaves, he expects that the OI in gold to advance by 12,000 to 16,000 contracts. I would think that silver’s OI will rise 4,000 contracts to about 227,000 contracts.

I will report on the new OI on Monday.

  

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A HUGE 3591  contracts UP to 223,763 DESPITE THE SMALL RISE IN PRICE ( 5 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUE TO REMAIN STEADFAST WITH THEIR POSITIONS ON DOWNDRAFT DAYS WHILE SLOWLY ADDING TO THEIR LONGS ON GOOD DAYS. THE BANKERS ARE DESPERATELY TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. IT IS BECOMING ALMOST IMPOSSIBLE FOR THE BANKERS TO SUPPLY THE NECESSARY PAPER. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.119 BILLION TO BE EXACT or 160% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH/ THEY FILED: 0 NOTICE(S) FOR NIL OZ OF SILVER

In gold, the total comex gold ROSE BY GIGANTIC 8,273  contracts WITH THE RISE IN THE PRICE OF GOLD ($4.00 with YESTERDAY’S TRADING). The total gold OI stands at 464,404 contracts.

we had 2 notice(s) filed upon for 200 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:
We had  a huge  changes in tonnes of gold at the GLD: a deposit of 6.51 tonnes into the GLD

Inventory rests tonight: 848.92 tonnes
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SLV
We had no changes in silver inventory at the SLV today/

THE SLV Inventory rests at: 328.201 million oz