Japan’s Tanken mfg survey at dismal 3 yr lows/China furious at the USA for introducing huge tariffs against corrosion resistant steel/Spain’sBanco Populare plummets 20% on a rights offering as this troubled bank tries to shore up its finances
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.