The amount standing for gold at the comex in May is simply outstanding at 6.886 tonnes. The previous May 2015, we had only .08 tonnes standing so you can certainly witness the difference as the demand for gold by investors/sovereigns is on a torrid pace. This makes the excitement for June gold that much more intense as more players are refusing fiat and demanding only physical metal.
THE CENTRAL BANK OF JAPAN THROWS A TRIAL BALLOON THAT THEY ARE READY TO TAKE HUGE LOSSES ON THEIR BONDS ONCE THEY STOP QE: A HUGE STORY!
The decision was unanimous: another raid. They tried to get gold below the 1255 level but failed as it quickly recovered and it closed at 1260.00. However in the access market once it was revealed that there truly was no liquidation, gold comex longs seemed to be invigorated and elevated gold into the $1267 area and silver to $17.14.
Our banker friends are regrouping tonight and burning the midnight oil planning their next criminal move!
Puerto Rico Defaults!!!
THE BIG NEWS OF THE DAY: JAPAN CANNOT AND WILL NOT DO ANYMORE QE/SENDS JAPANESE YEN SKYROCKETING…