Harvey Organ’s Daily Gold & Silver Report – 2016.06.01

Another huge gold notice filing at the comex for 228,100 oz./Attempted raid on gold and silver today a failure/Terrible PMI figues throughout the globe: Japan, China, Europe and USA/Japan officially delays sales tax: except the rating agencies to degrade Japan/Hollande has another nightmare: this time rail workers go on strike nationwide/Huge auto misses in the USA

by Harvey Organ
Harvey Organ’s Blog

[…] i) the June gold contract is an active contract and the second biggest delivery month of the year following December. Friday night, the bankers first day delivery issuance to our longs to be settled on June 1 was huge: the number was 3,508 gold notices for 350,800 oz or 10.9 tonnes of gold. On day two, we had another huge number of gold notices filed at 2281 for 228100 oz or 7.09 tonnes of gold.Thus in two days a total of 5789 notices have been filed for 578900 oz or 18.00 tonnes. There is no question that the bankers have uttered these words to one another: “Houston, we have a problem” in gold.

Let us have a look at the data for today

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