June 12b/gld Loses Another .24 Tonnes/slv Adds 956,000 Oz/greece Given Final Ultimatum To Sign A Deal Or Else/3rd Mining Company Issues A Complaint To The Cftc/record Levels Of Open Interest In Silver (191,663)
harveyorganblog.com / by harveyorgan / June 12, 2015
Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1178.80 down $1.10 (comex closing time)
Silver $15.82 down 13 cents.
In the access market 5:15 pm
Gold $1181.50
Silver: $15.98
Gold/Silver trading: see kitco charts on the right side of the commentary
Following is a brief outline on gold and silver comex figures for today:
At the gold comex today, we had a poor delivery day, registering 6 notices serviced for 600 oz. Silver comex filed with 2 notices for 10,000 oz.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 251.09 tonnes for a loss of 52 tonnes over that period.
In silver, the open interest rose by another 1993 contracts even though Thursday’s silver price was unchanged. The total silver OI continues to remain extremely high with today’s reading at 191,663 contracts now at multi-year highs despite a record low price. In ounces, the OI is represented by 958 million oz or 136% of annual global silver production (ex Russia ex China). This dichotomy has been happening now for quite a while and defies logic. There is no doubt that the silver situation is scaring our bankers to no end as they continue to raid as basically they have no other alternative.
In silver we had 2 notices served upon for 10,000 oz.
In gold, the total comex gold OI rests tonight at 404,169 for a loss of 2682 contracts as gold was down $6.20 yesterday. We had 6 notices filed for 600 oz.
Late last night, we had another withdrawal, (although this time it is quite small )in gold inventory at the GLD to the tune of .24 tonnes. Thus the inventory rests tonight at 703.98 tonnes. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold.
In silver, /we had another huge addition of 1.126 million oz in silver inventory at the SLV/Inventory rests at 326.918 million oz
We have a few important stories to bring to your attention today…
The post JUNE 12B/GLD LOSES ANOTHER .24 TONNES/SLV ADDS 956,000 OZ/GREECE GIVEN FINAL ULTIMATUM TO SIGN A DEAL OR ELSE/3RD MINING COMPANY ISSUES A COMPLAINT TO THE CFTC/RECORD LEVELS OF OPEN INTEREST IN SILVER (191,663) appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/06/12/june-12bgld-loses-another-24-tonnesslv-adds-956000-ozgreece-given-final-ultimatum-to-sign-a-deal-or-else3rd-mining-company-issues-a-complaint-to-the-cftcrecord-levels-of-open-interest-in-silver/
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