by Harvey Organ, HarveyOrgan.Blogspot.ca:
Good evening Ladies and Gentlemen:
Gold closed down $25.40 to $1560.80 (comex closing time). Silver fell by only 24 cents to $27.64 (comex closing time).
In the access market at 5 pm: gold: 1558.00, silver: 27.61
At the comex, the open interest in silver rose to multi year highs at 162,241 contracts. The total amount of gold ounces standing for April rose to 32.00 tonnes and silver also had an increase to 2.76 million oz standing.
The big news of the day is that the CBC in Toronto is going to air a program on the gold (and silver ) manipulation. They are going to focus on the huge derivatives in gold where we have 100 oz of ounces of paper gold per one oz of real gold.
Cyprus was told to sell 400 million euros worth of gold (10 tonnes). My bet is that this gold was already leased out and thus the country was just monetizing their “lease”
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