FEB 28/GOLD AND SILVER WHACKED IN THE ACCESS MARKET AGAIN/GOLD/SILVER EQUITY SHARES ALSO WHACKED/ NO MOVEMENT OF GOLD FROM THE FRBNY/TROUBLE AT GREEK BANKS AS CITIZENS THERE REMOVE THEIR DEPOSITS…

Jon Economy, Fiscal Policies, Gold, Market Commentary, Precious Metals, Silver

Gold at (1:30 am est) $1252.60 down $4.80
silver was : $18.42: UP 7 CENTS
Access market prices:
Gold: $1248.50
Silver: $18.31
For comex gold:
MARCH/
NOTICES FILINGS FOR FEBRUARY CONTRACT MONTH: 1 NOTICE(S) FOR 100 OZ. TOTAL NOTICES SO FAR: 1 FOR 100 OZ (0.003 TONNES)
For silver:
For silver: MARCH
349 NOTICES FILED FOR 1,745,000 OZ/
For two weeks now, gold/silver equity shares have been whacked by our banker friends even though silver and gold metal have been on a tear for the past 8 weeks. To me, it seems that the equity shares are being hit trying to convince holders of real metal to sell their physical. I strongly believe that the comex has very little real gold/silver to serve gold/silver longs.
FEDERAL RESERVE BANK OF NEW YORK/GOLD MOVEMENT REPORT
In January reported that the total amount gold inventory at the FRBNY was 7,841 million dollars worth of gold valued at 42.21 dollars per oz.
In February: the total amount of gold inventory at the FRBNY remains at 7,841 million dollars valued at 42.21 dollar per oz
Thus movement is zero.
Let us have a look at the data for today

This post was published at Harvey Organ Blog on February 28, 2017.