The Phaserl



by Harvey Organ, HarveyOrganblog:

Good evening Ladies and Gentlemen:

Here are the following closes for gold and silver today:

Gold: $1123.70 down $8.80 (comex closing time)

Silver $14.70 up 4 cents.

In the access market 5:15 pm

Gold $1125.50

Silver: $14.70

Today China is closed and this country is a major purchaser of gold. Thus without these players, it was easy for our bankers to manipulate gold today. Surprisingly they could not knock silver down.

First, here is an outline of what will be discussed tonight:

At the gold comex today we had a poor delivery day, registering only 3 notices for 300 ounces Silver saw 320 notices for 1,600,000 oz.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 224.56 tonnes for a loss of 78 tonnes over that period.

In silver, the open interest rose by 1128 contracts despite the fact that silver was up in price by only 5 cents yesterday. Again, our banker friends used the opportunity to cover as many silver shorts as they could but failed. The total silver OI now rests at 158,141 contracts In ounces, the OI is still represented by .790 billion oz or 113% of annual global silver production (ex Russia ex China).

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