The Phaserl


GLD remains constant/Silver loses 1.154 million oz of silver/Raid on gold and silver today/Turmoil continues inside the Ukraine

by Harvey Organ,

Good evening Ladies and Gentlemen:

Gold closed down $12.30 at $1337.80 (comex to comex closing time). Silver was down 26 cents to $21.19

Yesterday I wrote the following:

“Today, gold and silver reacted positively to the news of the Russian invasion of Ukraine. Gold was up well over 2% which is quite abnormal behaviour for gold. Silver however was up only a modest 25 cents. The gold/silver equity shares also had a muted response to the higher gold price. I cannot recall ever seeing gold/silver rise on a second day after a major geopolitical move. Therefore expect with a high degree of probability that the banking cartel will strike tomorrow. ”

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