Good evening Ladies and Gentlemen:
Gold: $1,334.10 DOWN $20.90 (comex closing time)
Silver 20.13 DOWN 14 cents
In the access market 5:15 pm
And now for the July contract month
For the July gold contract month, we had 0 notices served upon for nil ounces. The total number of notices filed so far for delivery: 4,065 for 406,500 oz or 12.643 tonnes
In silver we had 216 notices served upon for 1,080,000 oz. The total number of notices filed so far this month for delivery: 1326 for 6,630,000 oz
The crooks will now do anything to orchestrate a sell off in our precious metals. They are very concerned about silver as they lean on gold hoping to generate a waterfall in price. The bankers are massively short comex paper and need lower prices so as to cover and ameliorate those losses.
If major players/and or sovereigns are reading this, tonight and tomorrow will be a great time to pick up cheap contracts and put those contracts to the crooks.(take delivery of physical metal)
It is interesting that we have a new all time high open interest in gold at 657,000 contracts. The previous record level was set with gold at $1886.00 or a good $500 dollars below its zenith price. In silver we are again within spitting distance of its all time high of 218,000 contracts. Before we surpassed the previous high OI, the price of silver at the time of the record high was $49.00 per oz. It goes to show you the power of these banker crooks to manipulate price by supplying massive amounts of short paper.
Let us have a look at the data for today.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 301.43 tonnes for a loss of 1 1/2 tonnes over that period
In silver, the total open interest ROSE BY 1273 contracts UP to 213,146, AND STILL CLOSE TO AN ALL TIME RECORD. THE OI ROSE IN SYMPATHY TO THE PRICE OF SILVER RISING BY 21 CENTS IN YESTERDAY’S TRADING. In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.066 BILLION TO BE EXACT or 152% of annual global silver production (ex Russia &ex China).
In silver we had 216 notices served upon for 1,080,000 oz.
In gold, the total comex gold ROSE BY 1821 contracts despite gold’s FALL in price YESTERDAY to the tune of $1.60. The total gold OI stands at 657,776 contracts, A NEW ALL TIME RECORD SET TODAY: (jULY 12: 657,776)
With respect to our two criminal funds, the GLD and the SLV:
Surprisingly, we had no changes in gold inventory./
Total gold inventory rest tonight at: 981.20 tonnes
Not surprisingly we had a huge addition, a deposit of 1.94 million oz into the SILVER INVENTORY TO THE SLV (it was a paper addition)
Inventory rests at 343.393 million oz.
First, here is an outline of what will be discussed tonight:
This post was published at Harvey Organ Blog on July 12, 2016.