from Harvey Organ:
HIGH LIBOR IS CAUSING SHORTAGE OF DOLLARS AND CAUSING LOSSES AT EUROPEAN AND JAPANESE BANKS I.E. A DOUBLE WHAMMY: NEGATIVE INTEREST RATES COUPLED WITH HIGH LIBOR
For the August gold contract month, we had a good sized 261 notices served upon for 26,100 ounces. The total number of notices filed so far for delivery: 13,387 for 1,338,700 oz or tonnes or 41.639 tonnes. The total amount of gold standing for August is 42.777 tonnes.
In silver we had 9 notices served upon for 45000 oz. The total number of notices filed so far this month: 480 for 2,400,000 oz.
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