from Harvey Organ:
GOLD RISES $9.00 TO $1323.90/THE 40 YR JAPANESE BOND YIELD: .06%/THE GLOBE HAS OVER 11.7 TRILLION IN BONDS IN NEGATIVE TERRITORY/GERMANY THROW COLD WATER ON ITALY’S BANK RESCUE/USA CONSUMER SPENDING FALTERS
The June gold contract is an active contract. Tuesday night we had a fair sized 79 notices filed last night, for 7900 oz to be served upon today. The total number of notices filed in the first 19 days is enormous at 15,600 for 1,560,000 oz. (48.522 tonnes)
ii) in silver we had 0 notice filed for nil oz.. Total number of notices served in the 19 days: 616 for 3,080,000 oz
We now have only one day left before first day notice Friday. Options expiry on the OTC and LBMA contracts expire around noon tomorrow. It is quite something that gold/silver have been holding up quite well in this last week of June which is options expiry week. So expect a little weakness in the morning and then when options expiry is over, gold/silver will again rise northbound. Silver will again try its luck against the $18.50 barrier.
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