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HUGE INCREASE IN GLD (2.38 TONNES) AND A HUGE 3.324 MILLION OZ GAIN IN SLV/RAID TODAY ON OUR PRECIOUS METALS WITH THE TARGET BEING SILVER

SABRE RATTLING BETWEEN JAPAN AND CHINA INTENSIFIES ALONG WITH RUSSIA AND THE USA/HILLARY’S TROUBLES ALSO MAGNIFIES AS THE FBI FINDS 15,000 MORE WORK RELATED EMAILS

from Harvey Organ:

For the August gold contract month, we had a good sized 46 notices served upon for 4600 ounces. The total number of notices filed so far for delivery: 13126 for 1,312,600 oz or tonnes or 40.827 tonnes. The total amount of gold standing for August is 42.777 tonnes.

In silver we had 0 notices served upon for nil oz. The total number of notices filed so far this month: 471 for 2,355,000 oz.

Monday the raid orchestrated by the crooks was aimed at silver. The relatively high OI for the new upcoming front month of September as well as huge numbers of options in the money is scaring our bankers and thus the need to raid.

Read More @ Harveyorganblog.com

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2 comments to HUGE INCREASE IN GLD (2.38 TONNES) AND A HUGE 3.324 MILLION OZ GAIN IN SLV/RAID TODAY ON OUR PRECIOUS METALS WITH THE TARGET BEING SILVER

  • Geo

    “HUGE INCREASE IN GLD (2.38 TONNES)”

    Harvey, I keep seeing you reference this data but how reliable are GLD’s holding reports? GLD does not give retail investors the right to redeem for any of its mystery physical gold holdings. This fact alone ensures the GLD shares to be nothing more than paper at the end of the day. GLD also has a glaring audit loophole in their prospectus that states they have no right to audit subcustodial gold holdings. To this day, I have not heard of a single good reason for the existence of this backdoor to the fund. Some other red flags I’ve stumbled upon, verified and welcome everyone else to verify for themselves:

    “Did anyone try calling the GLD hotline at (866) 320 4053 in search of numerical details on GLD’s insurance? The prospectus vaguely states “The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody.” When I asked about how much of the gold was insured, the representative proceeded to act as if he didn’t know and said they were just the “marketing agent” for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors.

    I remember there was a highly publicized visit by CNBC’s Bob Pisani to GLD’s gold vault. This visit was organized by GLD’s management to prove the existence of GLD’s gold but the gold bar held up by Mr. Pisani had the serial number ZJ6752 which did not appear on the most recent bar list at that time. It was later discovered that this “GLD” bar was actually owned by ETF Securities.”

  • Moishe

    what you say good for Gold/Silver?

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