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Whoh Nellie!
Harvey Organ: COMEX Players Are Refusing Fiat & Demanding Only Physical Metal!
i) the May gold contract is a non active contract. Yet we started the month with 5.67 tonnes of gold standing and it has increased every single day and today sits at 6.886 tonnes of gold standing:
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.
I will be reporting daily as to how which is standing for delivery through the active month of June. June is the second largest delivery month after December.
Despite the whacking of silver, it’s OI refused to decline like gold. Our bankers and the CFTC are “quite baffled” by this. We are now in our 6th year of high open interest in silver with a low price. This has never happened before.
If I am a betting man, it looks to me like China is the long taking delivery in gold and they are the longs waiting patiently to strike in silver.
Let us have a look at the data for today
Buygold
Might be a good day for some self-medication … or alternately to go back to bed.
Inexplicable
Islam should be taught in all German schools – Bavarian bishop
Islam must be taught in all German schools to help “immunize” pupils from radical leanings, Bavarian bishop of the Lutheran Church argues, calling on Muslim organizations to take responsibility for religious education.
Introduction of “extensive Islam classes” in all German schools would best safeguard young Muslims from “fundamentalists’ temptation” towards them, Head of the Evangelical Lutheran Church in Germany (EFD), Bavarian Bishop Heinrich Bedford-Strohm said, Heilbronne Stimme newspaper reported on Friday.
cont. https://www.rt.com/news/344594-islam-classes-german-schools/
Ipso
I’m sorry I just couldn’t help myself. 🙂
Getting a little ugly for the pm sector. Was hoping 200 HUI would hold but sure doesn’t look like it.
Crap
Morning Buygold
I was struggling to read Zerohedge as well, I might have as many as 12 Tabs open all different web pages, mny with live charts running, if I went on to zerohedge my confuser would often freeze and need a reboot, sans zero etc. Got so bad that I stopped reading during day, whereas once that same confuser had no probs running zero and lots of other tabs.
So I bt a new confuser 4.2 clock speed and 16 gig of ram….now I am running over 20 tabs and the likes of zero and was watching a high def utube video perfectly and all lightening fast…pages load in the blink of an eye, including zero.
Seems they are all loading their pages with more and more guff and it won’t stop.
More trouble in SA
Sibanye’s platinum mine workers begin indefinite strike
Strong tailwinds giving juniors, project developers room to run – research note
ORONTO (miningweekly.com) – About halfway through the first quarter, analysts at Dundee Capital Markets noticed that exploration companies that had weeks earlier appeared to be dead in the water, as investors abandoned all but a handful of names, were steadily starting to leave the laggards behind as a combination of the gold price rally and improved investor sentiment blew wind in their sails. On the back of a 17% rise in the price of gold during the first three months of 2016, the coverage universe of 47 resource stocks that Dundee tracked on an enterprise value per ounce (EV/oz) metric, based on a total mineral inventory (TMI) had risen steadily, helping analysts to differentiate those companies that had the benefit of wind in their sails from the idlers and providing a good measure of the potential upside that the market was willing to pay for quality gold opportunities.
Samb
BG That question was addressed to me you rude fellow! ![]()
My answer is: you have to pee – ALOT!!!!! ![]()
From the article:
The radiation level the rats received was “not very different” from what humans are exposed to when they use cell phones, said Chris Portier, former associate director of the NTP, who commissioned the study.
samb – I think I know!!!
you have to pee – ALOT!!!!!
IPSO @ 9:52
This study raises questions! Only male rats developed cancers, female were immune. The dosage was 5 to 7 times higher then normal for cell phone. OK, so if you are healthy and drink 8 glasses of water per day what happens if you up that to between 40 and 56 glasses per day?
Trump debating Bernie a stroke of genius
If the Trump/Sanders debate proceeds as planned in California, you’re about to witness one of the most important moments of a 2016 general election that hasn’t even begun yet. To say such a debate would be an unmitigated disaster for Hillary Clinton would be the understatement of the century. Let’s explore why.
First of all, Hillary Clinton outright rejected a debate request from Bernie Sanders ahead of the June 7th California primary. Given Sanders’ recent momentum, as well as her need to persuade a significant number of his supporters to back her in November; such a denial was not only arrogant, it was highly insulting to voters in America’s largest state. From team Clinton’s perspective there was little upside to agreeing to a debate, versus easily manageable downside from a few days of negative media coverage.
Or so they thought…
The above strategic thought process would’ve worked in almost every other election season and against any other candidate. Unfortunately for her, it doesn’t work in 2016, and it certainly doesn’t work against Donald Trump.
Trump understands human nature as well as anyone I’ve ever observed. He’s also likely the most skilled natural politician of my lifetime, with perhaps the exception of Bill Clinton in his prime. Under conventional thinking, Trump would also certainly deny a Sanders debate request for the same reasons Clinton declined it. There’s little to gain in publicly battling a guy with nothing to lose, and you’ve already wrapped up the Republican nomination anyway. That said, Trump is far too savvy to fall victim to such straightforward thinking. He understands that debating Sanders in California ahead of the primary presents a once in a lifetime opportunity to embarrass and belittle Clinton in front of the whole world before the general election even begins.
Think about it for a second. Who cares what happens during the debate itself. Think about what the media will be saying. Think about how weak, irrelevant and stupid a Trump/Sanders contest will make Hillary Clinton look. As the largest state in the union heads to the voting booths Hillary Clinton can’t be bothered to have a discussion with Bernie Sanders, yet Donald Trump is more than willing. I can see the headlines already:
Hillary MIA in California?
Where in the World is Hillary?
Hillary Nowhere to be Found in California Primary.
You get the point. Trump will appear Presidential, while Hillary will look like a discredited Goldman Sachs crook hiding from a 74-year-old socialist. Which, by the way, is exactly what she’s doing.
Naturally, the whining hordes of Clinton sycophants and paid online trolls who don’t think they should have to work to secure the Presidency, will bitch and moan at Sanders. They’ll blame him for all her problems, when the truth is this disaster, like most of her disasters, is entirely of her own making. Hillary Clinton was offered the opportunity to debate Sanders in California. She declined. You can’t blame Trump for jumping on the opportunity to make her look extraordinarily stupid. That’s just politics.
Morning Oasis – you too Maddog
Really like reading zerohedge but the non-stop ads and shutdowns of the web page were out of control and made it pretty much impossible to read without getting the “zerohedge not responding” window.
So, took a chance and downloaded AdBlockPlus – what a difference. Go figure and it was free.
Maddog – yep looks like more of the same, the SM has a never ending bid underneath it, the USD bounce has lasted longer than I thought it would, and of course constant pressure from the 500K short contracts in gold. This feels like it did before gold started to rally months ago.
What is stunning is what they’ve done to the VIX – no fear anywhere.
“Game-Changing” Study Links Cellphone Radiation to Cancer
It’s the moment we’ve all been dreading. Initial findings from a massive federal study, released on Thursday, suggest that radio-frequency (RF) radiation, the type emitted by cellphones, can cause cancer.
The findings from a $25 million study, conducted over two-and-a-half years by the National Toxicology Program (NTP), showed that male rats exposed to two types of RF radiation were significantly more likely than unexposed rats to develop a type of brain cancer called a glioma, and also had a higher chance of developing the rare, malignant form of tumor known as a schwannoma of the heart.
The radiation level the rats received was “not very different” from what humans are exposed to when they use cell phones, said Chris Portier, former associate director of the NTP, who commissioned the study.
As the intensity of the radiation increased, so did the incidence of cancer in the rats. (The highest radiation level was five to seven times as strong as what humans typically receive while using a phone.) Although ionizing radiation, which includes gamma rays and x-rays, is a widely accepted as a carcinogen, the wireless industry has long noted that there is no known mechanism by which RF radiation causes cancer. The researchers wrote that the results “appear to support” the conclusion that RF radiation may indeed be carcinogenic.
cont. http://www.motherjones.com/environment/2016/05/federal-study-links-cell-phone-radiation-cancer
6 Giant Corporations Control The Media, And Americans Consume 10 Hours Of ‘Programming’ A Day
I was aware of the 6 corporations that rule the world but I did not know to what extent. Scroll down and see the list of media they control. Shocking!!
Maya
I don’t think Obama’s shutting down the coal industry will amount to much when Yellowstone explodes. ![]()
Good morning Oasis
MINES MANAGEMENT INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Mines Management, Inc.
http://finance.yahoo.com/news/mines-management-investor-alert-former-181200144.html
Silvercorp Reports Silver Production of 5.0 Million Ounces, Cash Flows From Operations of $31.9 Million, or $0.19 per Share, for Fiscal Year Ended March 31, 2016
http://finance.yahoo.com/news/silvercorp-reports-silver-production-5-210000715.html
Explor Increases Ogden Property
http://finance.yahoo.com/news/explor-increases-ogden-property-123000104.html
Atlantic Gold Completes $20M Equipment Finance Facility to Fund Mining Fleet With Cat Financial
http://finance.yahoo.com/news/atlantic-gold-completes-20m-equipment-120000292.html
Gold smacked, Dollar and SM bid….No need to check ….I guess the No’s were bad….same play every time.
Silver Train

Amtrak’s “SouthWest Chief” dusts it’s way across the New Mexico desert, thanks to new ballast stones laid on the track that morning. This old Santa Fe rail line across New Mexico and Arizona is seldom used for freight traffic, which goes on the more northerly “Transcontinental” mainline. But once per day this train runs south from Denver and over Raton Pass, NM into the Sonoran desert. This is the last Class 1 railroad mainline in the USA to still use operating semaphore signals like this. The past lives on in the desert SouthWest.
http://www.railpictures.net/viewphoto.php?id=577848
Ipso
Yeah, we have the tamest shield volcano on the planet. Kilauea is not an ‘exploder’. The extreme antithesis of the Yellowstone super caldera! When that one goes, it will take out most of the continent. Just a matter of time… James McCanney has advocated for years that Yellowstone lake should be drained so there is not a water reservoir to dump into the caldera to cause an even bigger explosion. It would be some worthwhile geo-engineering, but too long-range to justify the benefit. Then again… it could happen tomorrow.
Did you know that Hilo, HI is the most disaster-prone city in the country? Earthquakes, Tsunami’s, and volcano lava flows have all threatened the town multiple times. One just learns to surf the volcano and go with the flow.
redneckokie1 @ 21:10
I think Mme Pele would be greatly offended, even angered, by such a shabby sacrifice! We don’t want to anger the volcano. She is said to be fond of Gin, however…

Maya- volcanos
about the only natural disasters we don’t have in Oklahoma are volcanos and tidal waves so I may not be an authority. I understand that historically , human sacrifices were offered to subdue the eruptions. May I suggest Hillary, Difi, and Nancy Pelosi.
rno
Newtogold
There was a man called Richard Russell, who was one of the greatest T/A’s of all time.
He was also a proud Gold Bug….he knew this Gold Bull and knew it well and more to the point, knew it as a chance in a lifetime.
His standard cry was, that it would run with the fewest bulls on board imaginable, it is that powerfull………getting off this one and getting back on at a profit, could well be nigh on impossible, or the preserve of the genii.


best of cheers and safe journey. wankajohn wj