Harvey Organ’s Daily Gold & Silver Report – 2016.06.28

European banks close down despite rise in other equities/USA 10 yr bond yield remains lower bound and thus nobody is buying today’s rally/Gold open interest continues to remain high/July open interest for gold also remains extremely high/Raid on gold and silver due to options expiry

by Harvey Organ
Harvey Organ’s Blog

The June gold contract is an active contract. Last night we had a fair sized 40 notices filed last night, for 4000 oz to be served upon today. The total number of notices filed in the first 18 days is enormous at 15,521 for 1,552,100 oz. (48.276 tonnes)

ii) in silver we had 1 notice filed for 5,000 oz.. Total number of notices served in the 18 days: 616 for 3,080,000 oz

Today, the June gold and silver contract go off the board. Interestingly the options on the comex gold and silver expired yesterday so our bankers did not do too good and could not do their normal raids because of the power behind BREXIT.

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