Gold:1331.30 DOWN $11.10
Silver 20.28 DOWN 9 cents
In the access market 5:15 pm
Gold: 1334.25
Silver: 20.30
And now for the July contract month
For the July gold contract month, we had a monstrous 612 notices served upon for 61,200 ounces. The total number of notices filed so far for delivery: 4,677 for 467,700 oz or 14.547 tonnes
In silver we had 57 notices served upon for 285,000 oz. The total number of notices filed so far this month for delivery: 1383 for 6,915,000 oz
The following is what I said yesterday and it fully pertains to events today:
‘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.’
Everyday that statement seems to be true. Central bankers do not have any above ground supplies of silver like they do with respect to gold. This is their Achilles heal and it will bring them down!’
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 302.22 tonnes for a loss of 1 tonnes over that period
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In silver, the total open interest ROSE BY 1759 contracts UP to 216,376, AND STILL CLOSE TO AN ALL TIME RECORD. THE OI ROSE IN CONTRAST TO THE PRICE OF SILVER WHICH ROSE BY 23 CENTS IN YESTERDAY’S TRADING. In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.082 BILLION TO BE EXACT or 155% of annual global silver production (ex Russia &ex China).
In silver we had 57 notices served upon for 285,000 oz.
In gold, the total comex gold FELL BY A HUMONGOUS 10,853 contracts despite gold’s RISE in price YESTERDAY to the tune of $8.30. The total gold OI stands at 622,167 contracts. The bankers are to be congratulated for doing another fine criminal job in fleecing unsuspecting longs.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
we had another change in gold inventory./
a massive ‘paper withdrawal’ of 2.37 tonnes.
the GLD is a massive fraud and a massive farce on investors!
Total gold inventory rest tonight at: 962.85 tonnes
SLV
we had no changes into the SILVER INVENTORY TO THE SLV
Inventory rests at 348.580 million oz.
First, here is an outline of what will be discussed tonight:
This post was published at Harvey Organ Blog on July 14, 2016.
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