Harvey Organ’s Daily Gold & Silver Report – 2016.05.20

Huge increase in inventory of 8.92 tonnes at the GLD/ A good sized deposit of 951,000 oz in silver enters the SLV/Comex gold standing for delivery in May increases to 6.68 tonnes/It has been increasing all month!/The Central Bank of Japan throws a trial balloon that they are ready to take huge losses on their bonds once they stop QE: a huge story!/Protesters storm the Prime Minister office in the Green zone inside Baghdad

by Harvey Organ
Harvey Organ’s Blog

[…] Today after a great start for gold and silver, the bankers thought in necessary to raid again. The gold/silver equity shares paid no attention to these antics and rose again today.

There is something really bothering them.

i)There was no question that the high open interest in gold for the entire complex, plus the high OI for June was one factor

ii) the continued high OI for silver and its refusal to melt with constant whacking

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