panicR.J. O’Brien broker called about 2 pm or so, said the margin per gold contract was doubling, effective close of biz this coming Monday, from $4950 per contract to $9900 per contract. [I didn’t think to ask about silver, was so stunned].
Broker said something about the BREXIT vote this coming Thursday, and effect on gold…

Gold was on a tear early this morning rising to $1315.00.  Then somehow there was a story that London’s bookies were betting a 60% chance that there will not be a BREXIT and that sent gold tumbling. THE STORY CAME OUT YESTERDAY MORNING.  Then Jo Cox, MP in the English Parliament (and against BREXIT) was assassinated. 
Rumours began immediately this would cause a delay in the BREXIT vote, and the algo driven pummeling of gold/silver was on…

China goldIn 5 days a total of 11,765 notices have been filed for 1,176,500 oz or 36.59 tonnes of June Gold COMEX Delivery. WHAT IS MORE FASCINATING WAS THE FRONT JUNE MONTH  INCREASED IN NET OI BY 678  CONTRACTS ON THURSDAYON FRIDAY IT INCREASED BY 78 CONTRACTS OR 7,800 OZ,  AND TODAY IT INCREASED BY 264 CONTRACTS OR 26,400 OZ.
THE ENTITY STANDING DOES NOT WANT FIAT, AND IT SURE LOOKS LIKE A SOVEREIGN (CHINA) IS STANDING FOR GOLD…

Gold BundesbankWe had a rather large 30 million dollars worth of gold (at 42.22 per oz) leave NY in April.
In ounces, we had 30 million /42.22 dollars = 710,563 oz leave or 22.10 metric tonnes!
Since Germany is the only official nation that asked for its repatriation, we are pretty sure that this gold belongs to them…

gold or fiatThe 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.