Harvey Organ’s Daily Gold & Silver Report – 2016.04.07

Turmoil on global markets/GLD had 4.17 tonnes to its inventory/Gold and silver rise but contained by our banking manipulators/ UK Prem Minister exposed as he states he had a hand in his father’s off shore company/Deutsche bank, Credit Suisse and Royal Bankof Scotland plummet: also their credit default swaps skyrocket!!/Jim reid of Deutsche bank states that the ECB/EU has no choice but to undergo the helicopter route to provide spending money to the masses/Holland votes no for association with Ukraine: a huge win for our Euroskeptics and accelerates fears in England for a BREXIT

by Harvey Organ
Harvey Organ’s Blog

At the gold comex today, we had a good delivery day, registering 41 notices for 4,100 ounces for gold,and for silver we had 0 notices for nil oz for the non active April delivery month.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 212.603 tonnes for a loss of 90 tonnes over that period.

In silver, the open interest fell by a very tiny 55 contracts DOWN to 179858 DESPITE THE FACT THAT the silver price was DOWN 7 cents with respect to yesterday’s trading. In ounces, the OI is still represented by .899 billion oz or 128% of annual global silver production (ex Russia ex China).

In silver we had 0 notices served upon for NIL oz.

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