JUNE 8/GOLD STANDING FOR JUNE RISES TO 49.110 TONNES AND WE ARE NOW BACK TO LEVELS SEEN ON FIRST DAY NOTICE/JAPAN’S LARGEST BANKS EXITS THE PURCHASE OF JAPANESE GOVERNMENT BONDS/RHETORIC BETWEEN …

Jon Corruption, Gold, Government, Market Commentary, Precious Metals, Silver

Good evening Ladies and Gentlemen:
Gold: $1,259.80 UP $15.40 (comex closing time)
Silver 16.97 UP 60 cents
In the access market 5:15 pm
Gold $1262.50
silver: 17.03
i) the June gold contract is an active contract. Late last night we had a smaller 123 notices filed for 12300 oz. The total number of notices filed in the 7 days is enormous at 13006 for 1,300,600 oz. (40.54 tonnes) WHAT IS MORE FASCINATING WAS OUR 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, ON MONDAY IT INCREASED BY 264 CONTRACTS OR 26400 OZ. YESTERDAY, IT INCREASED BY 284 CONTRACTS. FOR 28,400 OZ. AND TODAY IT INCREASED BY 38 CONTRACTS OR 3800 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 272.56 tonnes for a loss of 30 tonnes over that period
In silver, the total open interest FELL by 989 contracts DOWN to 192,376 DESPITE THE FACT THAT THE PRICE OF SILVER WAS DOWN by only 5 cents with respect to YESTERDAY’S trading. In ounces, the OI is still represented by just under 1 BILLION oz i.e. 0.962 BILLION TO BE EXACT or 137% 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 rose by a CONSIDERABLE 3,682 contracts UP to 496,330 DESPITE THE FACT THAT the price of gold was DOWN BY $0.20 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 no change in inventory from the GLD/Inventory rests at 881.15 tonnes.
And now for SLV
We had no change in inventory 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 8, 2016.