Harvey Organ’s Daily Gold & Silver Report – 2016.05.25

China again devalues and thus fires a warning shot to the USA not to raise rates/OIl is loading up on Chinese soil due to deals they made with poorer OPEC members/The iMF will not participate in the Greek bailout putting the rescue at risk!/Erdogan snubs the EU and now the risk of refugees flooding Europe increases dramatically/Nigeria’s finances in trouble and they are no doubt the next Venezuela/Emerging markets in turmoil due to higher uSA dollar and the resultant lower commodity prices

by Harvey Organ
Harvey Organ’s Blog

[…] i) the May gold contract is a non active contract. Yet we started the month with 5.67 tonnes of gold standing and it has increased every single day and today sits at 6.886 tonnes of gold standing:

The amount standing for gold at the comex in May is simply outstanding at 6.886 tonnes. The previous May 2015, we had only .08 tonnes standing so you can certainly witness the difference as the demand for gold by investors/sovereigns is on a torrid pace. This makes the excitement for June gold that much more intense as more players are refusing fiat and demanding only physical metal. I will be reporting daily as to how which is standing for delivery through the active month of June. June is the second largest delivery month after December.

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