The Phaserl



by Harvey Organ, HarveyOrganblog:

Good evening Ladies and Gentlemen:

Gold: $1076.30 par (comex closing time)

Silver $14.09 par

In the access market 5:15 pm

Gold $1073.00

Silver: $14.17

At the gold comex today, we had an extremely poor delivery day, registering 133 notices for 3,300 ounces. And this is the biggest delivery month of the year for gold? Silver saw 0 notices for nil oz.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 196.44 tonnes for a loss of 106 tonnes over that period.

In silver, the open interest fell by a smallish 152 contracts as silver was down 31 cents with respect to Tuesday’s trading. The total silver OI now rests at 162,758 contracts In ounces, the OI is still represented by .813 billion oz or 116% of annual global silver production (ex Russia ex China).

In silver we had 0 notices served upon for nil oz.

In gold, the total comex gold OI fell by a small 273 contracts as the OI rose to 394,128 contracts as gold was down by $.10 with respect to Tuesday’s trading. Today the bankers provided the initial HFT and the specs longs continued their assault on the short side but this failed as the bankers continued their assault on the specs by continually buying causing gold to finish in the positive.

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