Harvey Organ’s Daily Gold & Silver Report – 2016.06.27

Comex gold open interest rises by a huge 10% up to 619,597 contracts/Gold OI for june rises by another 129 contracts/ A huge 5384 contracts still standing for July or 16.5 tonnes of gold/Huge devaluation in the yuan adds to the turmoil in global markets/European stocks plummet as well as European bank shares/Contagion travels to NY where USA banks whacked/gold shines!./No gold leaves the FRBNY for Germany

by Harvey Organ
Harvey Organ’s Blog

Good evening Ladies and Gentlemen:

Today’s quote from Martin Schulz, President of the European Parliament…

Schulz: “The British have violated the rules. It is not the EU philosophy that the crowd can decide its fate“.

Gold: $1,322.50 UP $2.30 (comex closing time)

Silver 17.74 down 5 cents

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