Gold:1337.70 down $3.70
Silver 18.84 down 46 cents
In the access market 5:15 pm
Gold: 1339.30
Silver: 18.92
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.
Today 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.
Let us have a look at the data for today
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In silver, the total open interest FELL BY 962 contracts DOWN to 205,116 AND MOVING AWAY FROM ITS AN ALL TIME RECORD. ALSO THE HIT ON SILVER WAS TINY COMPARED TO THE HUGE WHACK IN THE PRICE WHICH FELL BY 42 CENTS WITH YESTERDAY’S TRADING. In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.025 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia &ex China).
In silver we had 0 notices served upon for nil oz
In gold, the total comex gold FELL 5,319 contracts as the price of gold FELL BY $10.80 yesterday . The total gold OI stands at 574,502 contracts.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
we had a huge change today at the GLD/ a deposit of 2.38 tonnes
Total gold inventory rest tonight at: 958.37 tonnes of gold
SLV
we had another huge change into the SLV, a deposit of 3.324 million oz/ THE SLV/Inventory rests at: 358.793 million oz.
First, here is an outline of what will be discussed tonight:
This post was published at Harvey Organ Blog on August 22, 2016.
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