Harvey Organ’s Daily Gold & Silver Report – 2016.06.07

Huge addition of 1.456 million oz into the SLV/Silver dealer (registered) inventory at all time lows of 22 million oz / June deliveries in gold now at close to 49 tonnes of gold and no doubt will surpass what was standing on first day notice//USA to stop all imports of Chinese steel into the uSA due to supposed hacking/China will strike back!

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.On day 3,THURSDAY, we had another whopper of 1969 notices for 196,900 oz or 6.12 tonnes.FRIDAY, saw another huge 1026 notices filed for 102600 oz (3.19 tonnes). Then on Friday night we had a whopping 2981 notices filed for Monday totaling 2981 contracts for 298100 oz. Then last night we had another huge notice filing to the tune of 1118 contracts for 111,800 oz Thus in 6 days a total of 12,883 notices have been filed for 1,288,300 oz or 40.071 tonnes..

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