Harvey Organ’s Daily Gold & Silver Report – 2016.05.11

GLD sees another 2.67 tonnes added to inventory: rests tonight at 841.92 tonnes/no change in silver SLV/Silver comex sees huge rise in OI to 205,391/small liquidation in gold comex OI.amount of gold standing at comex for May continues to rise: now at 6.3732 tonnes/Italian banks are now in more trouble with a surprsing big loss at Banca Populare/Macy’s stock massacred today/Dow falters badly today by over 217 points

by Harvey Organ
Harvey Organ’s Blog

[…] Today, our banker friends huffed and they puffed when they saw the latest OI figures for silver/gold.Gold OI: 579,777 and silver: 205,391. The open interest for silver is a noose around their neck. They were mildly successful in removing a small number of gold leaves. They took their temper tantrum initially on the gold/silver shares midday but that too was short lived. Gold and silver had a good day, and by closing time, the gold/silver equity shares also had a stellar day.

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