Silverado Gold Mines

SideNote: According to Harvey Organ's Daily Gold - Silver Report below, someone has been strong arming the COMEX for their physical PMs during the dollar's dead cat bounce on the chart. No one is fooled by the dollar dead cat bounce these days. Its the signal to attack the COMEX with vengeance for their physical PMs. GRIM

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June 7, 2016

The June gold contract is an active contract and the second biggest delivery month of the year following December.

Friday night, the bankers first day delivery issuance to our longs to be settled on June 1 was huge: the number was 3,508 gold notices for 350,800 oz or 10.9 tonnes of gold.

On day two, we had another huge number of gold notices filed at 2281 for 228100 oz or 7.09 tonnes of gold.

On day 3,THURSDAY, we had another whopper of 1969 notices for 196,900 oz or 6.12 tonnes.

FRIDAY, saw another huge 1026 notices filed for 102600 oz (3.19 tonnes).

Then on Friday night we had a whopping 2981 notices filed for Monday totaling 2981 contracts for 298100 oz.

Then last night we had another huge notice filing to the tune of 1118 contracts for 111,800 oz

Thus in 6 days a total of 12,883 notices have been filed for 1,288,300 oz or 40.071 tonnes.

WHAT IS MORE FASCINATING WAS THE 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

AND YESTERDAY IT INCREASED BY 264 CONTRACTS OR 26400 OZ.

AND THEN TODAY IT INCREASED BY 284 CONTRACTS. FOR 28,400 OZ.

THE ENTITY STANDING DOES NOT WANT FIAT AND IT SURE LOOKS LIKE A SOVEREIGN IS STANDING FOR GOLD.

((( KEEP STACKING SILVER HIGHER )))