Good evening Ladies and Gentlemen:
Gold: $1,244.40 DOWN $0.20 (comex closing time)
Silver 16.37 DOWN 5 cents
In the access market 5:15 pm
Gold $1244.00
silver: 16.40
i) the June gold contract is an active contract and the second biggest delivery month of the year following December. Friday night, the bankers first day delivery issuance to our longs to be settled on June 1 was huge: the number was 3,508 gold notices for 350,800 oz or 10.9 tonnes of gold. On day two, we had another huge number of gold notices filed at 2281 for 228100 oz or 7.09 tonnes of gold. On day 3, THURSDAY, we had another whopper of 1969 notices for 196,900 oz or 6.12 tonnes. FRIDAY, saw another huge 1026 notices filed for 102600 oz (3.19 tonnes). Then on Friday night we had a whopping 2981 notices filed for Monday totaling 2981 contracts for 298100 oz. Then last night we had another huge notice filing to the tune of 1118 contracts for 111,800 oz Thus in 6 days a total of 12,883 notices have been filed for 1,288,300 oz or 40.071 tonnes.. WHAT IS MORE FASCINATING WAS THE FRONT JUNE MONTH INCREASED IN NET OI BY 678 CONTRACTS LAST THURSDAY(67,800 OZ). ON FRIDAY IT INCREASED BY 78 CONTRACTS OR 7800 OZ AND YESTERDAY IT INCREASED BY 264 CONTRACTS OR 26400 OZ. AND THEN TODAY IT INCREASED BY 284 CONTRACTS. FOR 28,400 OZ. THE ENTITY STANDING DOES NOT WANT FIAT AND IT SURE LOOKS LIKE A SOVEREIGN IS STANDING FOR GOLD.
Let us have a look at the data for today.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 269.55 tonnes for a loss of 33 tonnes over that period
In silver, the total open interest FELL by 1543 contracts DOWN to 193,365 DESPITE THE FACT THAT THE PRICE OF SILVER WAS UP by 8 cents with respect to YESTERDAY’S trading. In ounces, the OI is still represented by just under 1 BILLION oz i.e. 0.966 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia &ex China)
In silver we had 0 notices served upon for nil oz.
In gold, the total comex gold OI fell by a CONSIDERABLE 3,611 contracts DOWN to 492,648 DESPITE THE FACT THAT the price of gold was UP $4.50 with YESTERDAY’S trading (at comex closing).
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With respect to our two criminal funds, the GLD and the SLV:
WITH RESPECT TO GLD
We had a small change, a withdrawal of .29 tonnes in inventory from the GLD/Inventory rests at 881.15 tonnes. The small change is probably to pay for fees.
And now for SLV
We had a large change in inventory, a deposit of 1.456 million oz into the SLV Inventory/Tonight it rests at 338.725 million oz.
Both the GLD and SLV are massive frauds as they have no metal behind them!
First, here is an outline of what will be discussed tonight:
This post was published at Harvey Organ Blog on June 7, 2016.
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