Good evening Ladies and Gentlemen:
Gold: $1,285.60 UP $1.20 (comex closing time)
Silver 17.41 down 2 cents
In the access market 5:15 pm
Gold $1292.50
silver: 17.52
i) the June gold contract is an active contract. Last night we had a good sized 297 notices filed for 29,700 oz to be served upon today. The total number of notices filed in the first 11 days is enormous at 14,997 for 1,499,700 oz. (46.647 tonnes)
ii) in silver we had 0 notices filed. total number of notices served in the 10 days: 202 for 1,010,000 oz
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 274.09 tonnes for a loss of 29 tonnes over that period
In silver, the total open interest ROSE by 1259 contracts UP to 197,852 DESPITE THE FACT THAT THE PRICE OF SILVER WAS DOWN by 2 cents with respect to YESTERDAY’S trading. In ounces, the OI is still represented by just under 1 BILLION oz i.e. 0.995 BILLION TO BE EXACT or 142% 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 6,182 contracts UP to 545,357 as the price of gold was UP $1.10 with YESTERDAY’S trading (at comex closing).
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With respect to our two criminal funds, the GLD and the SLV:
GLD
We had A HUGE change in inventory, A DEPOSIT OF 2.08 TONNES into the GLD/Inventory rests at 900.75 tonnes.
SLV
We had another huge change in inventory, a deposit of 2.376 million oz of silver into the SLV Inventory/Tonight it rests at 342.765 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 15, 2016.
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