Harvey Organ’s Daily Gold & Silver Report – 2016.06.08

Gold standing for June rises to 49.110 tonnes and we are now back to levels seen on first day notice/Japan’s largest banks exits the purchase of Japanese Government Bonds/Rhetoric between China and the USA intensify as USA planes come close to Chinese territorial waters/ The big German Commerzbank now states that it will hoard physical Euros rather than deposit them at the ECB

by Harvey Organ
Harvey Organ’s Blog

[…] i) the June gold contract is an active contract. Late last night we had a smaller 123 notices filed for 12300 oz. The total number of notices filed in the 7 days is enormous at 13006 for 1,300,600 oz. (40.54 tonnes) WHAT IS MORE FASCINATING WAS OUR FRONT JUNE MONTH INCREASED IN NET OI BY 678 CONTRACTS LAST THURSDAY(67,800 OZ). ON FRIDAY IT INCREASED BY 78 CONTRACTS OR 7800 OZ, ON MONDAY IT INCREASED BY 264 CONTRACTS OR 26400 OZ. YESTERDAY, IT INCREASED BY 284 CONTRACTS. FOR 28,400 OZ. AND TODAY IT INCREASED BY 38 CONTRACTS OR 3800 OZ. THE ENTITY STANDING DOES NOT WANT FIAT AND IT SURE LOOKS LIKE A SOVEREIGN IS STANDING FOR GOLD.

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