Categories



TheLibertyMill




The Phaserl








AvatarProducts

BANKERS CONTINUE TO RAID GOLD/SILVER

by Harvey Organ, HarveyOrganblog:

Good evening Ladies and Gentlemen:

Gold: $1106.50 down $7.70 (comex closing time)

Silver $15.06 down 18 cents

In the access market 5:15 pm

Gold $1108.00

Silver: $15.08

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

At the gold comex today, we had a very poor delivery day, registering 0 notices for nil ounces. Silver saw 3 notices for nil oz.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 208.30 tonnes for a loss of 95 tonnes over that period.

In silver, the open interest fell by only 801 contracts despite silver being down 27 cents in Tuesday’s trading. The total silver OI now rests at 166,942 contracts In ounces, the OI is still represented by .835 billion oz or 119% of annual global silver production (ex Russia ex China).

In silver we had 3 notices served upon for 300 oz.

In gold, the total comex gold OI fell by a rather large 6684 contracts to 443,900 contracts as gold was down $21.60 yesterday. We had 0 notices filed for nil oz today.

We had no change in gold inventory at the GLD / thus the inventory rests tonight at 686.30 tonnes. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold. It sure looks like 670 tonnes will be the rock bottom inventory in GLD gold. It looks to me that China has taken the last amounts of physical gold from the GLD. I guess the only place left for China to receive physical gold will be the FRBNY and the comex. In silver,no change in silver inventory / Inventory rests at 313.817 million oz.

Read More @ HarveyOrganblog.com

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>