JUNE 20/BROKERS RAISE GOLD/SILVER MARGINS AND THUS A REASON TODAY FOR GOLD AND SILVER’S INITIAL FALL: HOWEVER BOTH RECOVER DURING THE DAY/ROME HAS AN ANTI-ESTABLISHMENT, ANTI EURO MAYOR ELECTED Y…

Good evening Ladies and Gentlemen:
Gold: $1,290.00 DOWN $2.50 (comex closing time)
Silver 17.50 up 10 cents
In the access market 5:15 pm
Gold: 1289.90
Silver: 1751.
The June gold contract is an active contract. Last night we had a poor sized 15 notices filed Fri night, for 1500 oz to be served upon Monday. The total number of notices filed in the first 13 days is enormous at 15,156 for 1,515,600 oz. (47.14 tonnes)
ii) in silver we had 80 notices filed for 400,000 oz.. Total number of notices served in the 13 days: 489 for 2,445,000 oz
Today, both gold and silver held another vicious attack. The bankers called on their broker friends to raise margin levels on gold and silver contracts and their excuse was the volatile conditions because of the British vote on whether to leave the EU or not.
Thus silver’s gain of 10 cents is quite extraordinary along with the big recovery in the price of gold. This is very bullish for us>
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 274.57 tonnes for a loss of 28 tonnes over that period
In silver, the total open interest ROSE by 3032 contracts UP to 205,342 DESPITE THE FACT THAT THE PRICE OF SILVER WAS down by 19 cents with respect to FRIDAY’S trading. In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.026 BILLION TO BE EXACT or 147% of annual global silver production (ex Russia &ex China)
In silver we had 80 notices served upon for 400,000 oz.
In gold, the total comex gold OI ROSE by a CONSIDERABLE 7,231 contracts UP to 581,964 even though the price of gold was DOWN $3.60 with FRIDAY’S trading (at comex closing) I expected a much higher OI in gold.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
Good activity today:
We had one deposit:
this afternoon: 0.890 tonnes
Total gold inventory: 908.77 tonnes
SLV
THIS MAKES NO SENSE!!
We had A HUGE WITHDRAWAL FROM inventory to the tune of 2.852 million oz; silver inventory tonight rests at 334.495 million oz. If they did have some physical silver that inventory was used to ship to China which has been massively importing silver..
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 20, 2016.