Harvey Organ’s Daily Gold & Silver Report – 2016.06.09

GLD ADDS A WHOPPING 6.23 TONNES INTO ITS INVENTORY/RESTS TONIGHT AT 887.38/no change in silver inventory at SLV/Comex silver again has a massive 1.6 million oz removal/Dealer comex silver remains at all time lows of 22 million oz/The front comex June contract month increases in tonnage again surpasses first day notice: tonight we have 49.135 tonnes standing for delivery/copper crashes again close to 2.00 per lb/this puts pressure on Glencore and Noble Industries/Japan’s machinery orders plummet 11% month/month//South Korea lowers its interest rate and thus expect currency wars in that region especially with China/Bill Holter’s commentary is huge today/USA has problem with loading cash onto cards and thus many Americans have not “bought” food with no money on the card

by Harvey Organ
Harvey Organ’s Blog

[…] i) the June gold contract is an active contract. Late last night we had a HUGE 1101 notices filed for 110,100 oz. The total number of notices filed in the 8 days is enormous at 14,107 for 1,410,700 oz. (43.87 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. ON TUESDAY, IT INCREASED BY 284 CONTRACTS. FOR 28,400 OZ. AND YESTERDAY IT INCREASED BY 38 CONTRACTS OR 3800 OZ.TODAY IT INCREASED BY 8 NOTICES OR 800 OUNCES OF GOLD. THE ENTITY STANDING DOES NOT WANT FIAT AND IT SURE LOOKS LIKE A SOVEREIGN IS STANDING FOR GOLD.

Continue Reading at HarveyOrganBlog.com…