from Harvey Organ:
GOLD/SILVER EQUITY SHARES RISE/EGYPTIAN PASSENGER AIRCRAFT GOES DOWN IN THE MEDITERRANEAN SUBJECT TO A TERRORIST ATTACK/SUSPECTED LOCI WAS THE CHARLES DE GAULLE AIRPORT IN PARIS/5 BANKS INCLUDING DEUTSCHE BANK AND BANK OF AMERICA SUED FOR FRAUD AND PRICE FIXING IN AGENCY BONDS/ELIZ HOLMES OF THERANOS ADMITS THAT HER BILLION DOLLAR COMPANY IS A FRAUD/PHILLY MFG INDEX PLUMMET TO NEGATIVE TERRITORY AGAIN
Yesterday I wrote the following:
“No doubt that the entire trading of gold and silver today was orchestrated by our crooked banks. They were massively selling paper gold throughout the night and early morning. Even the one billion dollar bid for gold early this morning did not spook the crooks. At 2 pm they released the beige book report and the Fed stated that it is likely that they will raise rates in June. The USA should raise rates but the problem will be China who has threatened to lower dramatically the yuan and in so doing would absolutely kill Japan, South Korea and the emerging markets. Besides no Fed would be stupid enough to raise rates three months before a USA election.”
China wasted no time firing another shot across the bow by devaluing the yuan further today,and this put tremendous pressure on global markets.
The amount standing for gold in May is simply outstanding at 6.504 tonnes, remaining constant by from yesterday. The previous May 2015, we had only .08 tonnes standing so you can certainly witness the difference as the demand for gold by investors/sovereigns is on a torrid pace. This makes the excitement for June gold that much more intense as more players are refusing fiat and demanding only physical metal. I will be reporting daily as to how which is standing for delivery through the active month of June. June is the second largest delivery month after December.
At the gold comex today we had a POOR delivery day, registering 0 notices for NIL ounces for gold,and for silver we had 3 notices for 15,000 oz for the non active May delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 240.39 tonnes for a loss of 63 tonnes over that period
In silver, the open interest FELL by 2,465 contracts DOWN to 204,929 as the price was silver was DOWN by 11 cents with respect to yesterday’s trading. NOT NEARLY THE LIQUIDATION THAT THEY HAVE BEN LOOKING FOR. In ounces, the OI is still represented by just over 1 BILLION oz i.e. .1.024 BILLION TO BE EXACT or 146% 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 OI fell by a CONSIDERABLE 4,377 contracts down to 590,700 as the price of gold was DOWN $2.50 with yesterday’s trading(at comex closing)
As far as the GLD, THE FOLLOWING MAKES NO SENSE AT ALL: WE HAD A HUGE DEPOSIT OF 4.42 TONNES in inventory at the GLD WITH GOLD DOWN $19.50. The inventory rests at 860.34 tonnes. We had no changes in silver inventory at the SLV. Inventory rests at 335.073 million oz.
.First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver rise by 1,180 contracts UP to 207,394 as the price of silver was DOWN by 11 cents with yesterday’s trading. The gold open interest FELL by 1,436 contracts as gold was up $2.50 yesterday. Somebody big is standing FOR SILVER and surrounding the comex with paper longs ready to ponce once called upon to take out physical silver.I also believe that for the first time we are witnessing players wishing to stand for real physical in gold. Gold investors, in the May contract month are refusing the tempting fiat offer as they want only physical.
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