MAY 16/OPEN INTERESTS IN BOTH GOLD AND SILVER REMAIN AT HIGH LEVELS AND THAT NECESSITATED ANOTHER RAID ORCHESTRATED BY OUR CRIMINAL BANKERS/DEUTSCHE BANK NEEDS TO OFFER 5% YIELD FOR 3 MONTHS ON D…

Jon Gold, Market Commentary, Precious Metals, Silver

Good evening Ladies and Gentlemen:
Gold: $1,273.40 UP $1.50 (comex closing time)
Silver 17.14 UP 2 cents
In the access market 5:15 pm
Gold $1274.25
silver: 17.16
Today we witnessed gold and silver rising throughout last night, and during the early comex hours. However once London was put to bed, the crooks raided gold and silver/
In gold over 18,000 contracts were supplied at the comex by the criminal bankers over a 10 minute period (over 2.3 billion dollars worth of gold) and this knocked gold down from $1287.80 down to $1273.00. The bankers supplied enough paper to knock out all bids driving the price to its low point of the day. We are going to see continual raids like this as our banker friends are quite paranoid with gold’s strength. We need to see gold rise and pierce the $1308.00 level: (the previous high for gold in January 2015). The gold will be off to the raceway!
Let us have a look at the data for today.
At the gold comex today we had a GOOD delivery day, registering 28 notices for 2800 ounces for gold, and for silver we had 8 notices for 40,000 oz for the non active May delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 236.257 tonnes for a loss of 67 tonnes over that period.
In silver, the open interest fell by 1214 contracts down to 204,742 as the price was silver was UP by 3 cents with respect to Friday’s trading. A very tiny contraction compared to the raid we had on Friday. In ounces, the OI is still represented by just over 1 BILLION oz i.e. .1.023 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia &ex China)
In silver we had 8 notices served upon for 40,000 oz.
In gold, the total comex gold OI rose by 1,375 contracts up to 579,746 as the price of gold was up $1.60 with FRIDAY’S TRADING(at comex closing).
As far as the GLD, we had no changes in the GLD. The new inventory rests at 851.13 tonnes. We had no changes in silver inventory at the SLV. Inventory rests at 335.073 million oz..
First, here is an outline of what will be discussed tonight:

This post was published at Harvey Organ Blog on May 16, 2016.