AUGUST 1/GOLD AND SILVER RISE AGAIN DESPITE RAID ATTEMPTS BY BANKERS/SILVER OI RISES TO RECORD LEVELS/ STILL RECORD AMOUNT OF GOLD IS STANDING FOR AUGUST COMEX/MONTE DI PASCHI RESCUED BUT ALL OTH…

Gold:1351.30 up $2.40
Silver 20.46 up 15 cents
In the access market 5:15 pm
Gold: 1353.00
Silver: 20.43
Sorry for being late but my computer crashed again..took a while to restore the data.
For the August gold contract month, we had a HUGE 1801 notices served upon for 180,100 ounces. The total number of notices filed so far for delivery: 6829 for 682,900 oz or tonnes or 21.241 tonnes
In silver we had 1 notice served upon for 5,000 oz. The total number of notices filed so far this month: 1 for 5,000 oz.
Let us have a look at the data for today.
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In silver, the total open interest ROSE BY A CONSIDERABLE 434 contracts UP to 223,343 AND AT ITS NEW ALL TIME RECORD AS THE PRICE OF SILVER ROSE BY 14 CENTS WITH FRIDAY’S TRADING. In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.114 BILLION TO BE EXACT or 160% of annual global silver production (ex Russia &ex China).
In silver we had 1 notice served upon for 5,000 oz
In gold, the total comex gold ROSE BY A CONSIDERABLE 5,186 contracts as that the price of gold ROSE by $16.70 on Friday. The total gold OI stands at 568,778 contracts.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
we had a big deposit of 35.94 tonnes in gold inventory . /
Total gold inventory rest tonight at: 964.03 tonnes
SLV
we had a huge change in the SLV, a deposit of 1.235 million oz, into the SILVER INVENTORY TO THE SLV
Inventory rests at 350.955 million oz.
First, here is an outline of what will be discussed tonight:

This post was published at Harvey Organ Blog on August 1, 2016.