SILVER OI SETS ANOTHER RECORD HIGH AT 219,206 DESPITE SILVER’S FALL YESTERDAY/GOLD OPEN INTEREST RISES TO 617,069 FOR A GAIN OF 2402 CONTRACTS/ AGAIN THE FRONT JULY MONTH SEES A HUGE AMOUNT OF GOLD STANDING AT 16.808 TONNES/TURKISH LIRA CRASHES AS ERDOGAN EMBARKS ON A NEW 3 MONTH EMERGENCY/ S & P DOWNGRADES TURKEY TO BB WITH NEGATIVE OUTLOOK/HSBC’S HEAD OF GLOBAL TRADING IN FX ARRESTED IN NY (CRIMINAL PROBE ON MANIPULATION OF LIBOR)
by Harvey Organ
Harvey Organ’s Blog
Gold:1318.80 down $12.70
Silver 19.58 DOWN 40 cents
In the access market 5:15 pm
Gold: 1315.80
Silver: 19.40.
For the July gold contract month, we had a huge 269 notices served upon for 26,900 ounces. The total number of notices filed so far for delivery: 5329 for 532,900 oz or 16.575 tonnes