Harvey Organ’s Daily Gold & Silver Report – 2016.03.28

For the 3rd straight month, no gold goes to Germany as FRBNY inventory remains constant/Gold and silver hold after another attack initiated last night/Open interest in gold and silver remain extremely elevated/The Chairman of China’s largest steel company hangs himself one day before bond matures/The unemployment rate in China continues to soar/Ancient city of Palmyra Syria liberated: Putin congratulates Syrian army, Obama mum on the issue/Atlanta Fed lowers first quarter GDP estimate to now only .6%/California raises minimum wage to $15.00 over a six yr period/State of Connecticut going after Yale University’ endowment/Ilinois loses big supreme court decisio on pension reform//More headaches for Valeant as these guys are one step closer to bankruptcy

by Harvey Organ
Harvey Organ’s Blog

[…] Let us have a look at the data for today.

At the gold comex today, we had a poor delivery day, registering 0 notices for nil ounces and for silver we had 0 notices for nil oz for the active March delivery month.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 212.17 tonnes for a loss of 91 tonnes over that period.

In silver, the open interest FELL by only 1333 contracts DOWN to 170,580 as the silver price was down by 7 cents with respect to Thursday’s trading . In ounces, the OI is still represented by .852 billion oz or 122% of annual global silver production (ex Russia ex China).

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