Harvey Organ’s Daily Gold & Silver Report – 2016.05.27

Newest data states that London imported 119 tonnes of gold in March and April!! Why? Because as Mylcreest suggests, they ran out of unallocated gold/With one day to go we have a huge 39,520 contracts stand for June gold delivery/May gold has a huge 6.889 tonnes of gold standing ! Janet suggests that the uSA must raise rates for ammo in case the economy falters and they then can cut rates! Odds of a rate rise increase dramatically but also indicates only one rise and then it ends

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 (EXCEPT ON TWO DAYS)and today ends at 6.889 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 much is standing for delivery through the active month of June. June is the second largest delivery month after December.

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