The Phaserl



by Harvey Organ, HarveyOrganblog:

Good evening Ladies and Gentlemen:

Gold: $1096.50 down $1.30 (comex closing time)

Silver $13.86 down 5 cents

In the access market 5:15 pm

Gold $1104.40

Silver: $13.92

Today all markets are down badly, Asia and Europe and only a last minute rally orchestrated by the crooked bankers saved the Dow.

At the gold comex today, we had a poor delivery day, registering 0 notices for nil ounces.Silver saw 1 notice for 5,000 oz.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 200.31 tonnes for a loss of 103 tonnes over that period.

In silver, the open interest fell by 422 contracts down to 167,996. In ounces, the OI is still represented by .839 billion oz or 120% of annual global silver production (ex Russia ex China).

In silver we had 1 notice served upon for 5,000 oz.

In gold, the total comex gold OI fell by 1,702 contracts to 423,957 contracts as gold was down $9.90 in Friday’s trading.

We had another huge 2.09 tonnes of gold deposit into gold inventory at the GLD, / thus the inventory rests tonight at 649.59 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. Our 670 tonnes of rock bottom inventory in GLD gold has been broken. 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, after they deplete the GLD will be the FRBNY and the comex. In silver,/we had no changes to inventory/Inventory rests at 316.368 million oz.

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