AUGUST 10/CHINA ADDS ANOTHER 24 TONNES TO ITS OFFICIAL RESERVES/GOLD BREAKS ABOVE 1100.00 AND SILVER BREAKS THROUGH THE 15 DOLLAR BARRIER/AT THE COMEX 15.2 TONNES OF DEALER (REGISTERED GOLD) LEFT…

Good evening Ladies and Gentlemen:
Here are the following closes for gold andSILVER TODAY:
Gold: $1104.70 up $10.10 (comex closing time)
Silver $15.29 up 47 cents.
In the access market 5:15 pm
Gold $1104.50
Silver: $15.28
First, here is an outline of what will be discussed tonight:
At the gold comex today, we had a poor delivery day, registering 18 notices for 1800 ounces Silver saw 0 notices for nil oz
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 232.45 tonnes for a loss of 70 tonnes over that period.
In silver, the open interest fell by 3,877 contracts despite the fact that silver was up 15 cents in price on Friday. The total silver OI continues to remain extremely high, with today’s reading at 179,186 contracts In ounces, the OI is represented by .8968 billion oz or 128% of annual global silver production (ex Russia ex China). This dichotomy has been happening now for quite a while and defies logic. There is no doubt that the silver situation is scaring our bankers to no end as they continue to raid as basically they have no other alternative.
InSILVER WE had 0 notices served upon for nil oz.
In gold, the totalCOMEX GOLD OI rests tonight at 426,096. We had 18 notices filed for 1800 oz today.
We had no change in gold leaving the GLD today / thus the inventory rests tonight at 667.93 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. I thought that 700 tonnes is the rock bottom inventory in GLD gold, but I guess I was wrong. However we must be coming pretty close to a level of only paper gold and the GLD being totally void of physical gold. In silver, we had no changes in silver inventory at the SLV, / Inventory rests at 326.209 million oz.
We have a few important stories to bring to your attention today…

This post was published at Harvey Organ Blog on August 10, 2015.