Good evening Ladies and Gentlemen:
Gold: $1,270.50 DOWN $19.50 (comex closing time)
Silver 17.31 down 19 cents
In the access market 5:15 pm
Gold: 1268.50
Silver: 1731
The June gold contract is an active contract. Last night we had a good sized 64 notices filed last night, for 6400 oz to be served upon today. The total number of notices filed in the first 14 days is enormous at 15,220 for 1,522,000 oz. (47.34 tonnes)
ii) in silver we had 0 notices filed for nil oz.. Total number of notices served in the 14 days: 489 for 2,445,000 oz
Today, both gold and silver could not withstand another vicious attack. Generally when Yellen speaks they always whack. Yesterday, 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. The gold/silver equity shares held up pretty good.
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 4924 contracts UP to 210,266 DESPITE THE FACT THAT THE PRICE OF SILVER WAS up by only 10 cents with respect to YESTERDAY’S trading. We have now a new all time silver oi record and a low price to boot. In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.051 BILLION TO BE EXACT or 150% 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 tiny 774 contracts down to 581,190 even though the price of gold was DOWN $2.50 with YESTERDAY’S trading (at comex closing)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD
Fascinating!! on a huge whack job the GLD has a huge deposit!
We had one deposit:
this afternoon: 3.56 tonnes were added into the GLD
Total gold inventory: 912.33 tonnes
SLV
THIS MAKES NO SENSE!!
We had A HUGE WITHDRAWAL FROM inventory to the tune of 1.426 million oz; silver inventory tonight rests at 333.069 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 21, 2016.
Follow on Twitter
Recent Comments