Harvey Organ: COMEX Gold Drain Rising!
by Harvey Organ, Silver Doctors Good evening Ladies and Gentlemen: Here are the following closes for gold and silver today: Gold: $1148.30 down $5.00 (comex closing time) Silver: $15.56 down 4 cents (comex closing time) In the access market 5:15 pm Gold $1148.28 Silver: $15.52 Gold/silver trading: see Market Data here: Following is a brief outline on gold and silver comex figures for today: The gold comex today had a poor delivery day, registering 0 notices served for nil oz. Silver comex registered 0 notices for nil oz . Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 250.04 tonnes for a loss of 53 tonnes over that period. Lately the removals have been rising! In silver, the open interest rose by another astonishing 1,388 contracts as yesterday’s silver price was up by 12 cents. The total silver OI continues to remain extremely high with today’s reading at 178,548 contracts. The front month of March fell by 113 contracts. We are now at a multi year high in the OI despite a record low price. This dichotomy has been happening now for quite a while and defies logic.What is also strange today is the fact that the OI went up with a very tiny volume yesterday. This must be scaring our bankers to no end. We had 0 notices served upon for nil oz. In gold we had a rise in OI with gold up by $0.70 yesterday. The total comex gold OI rests tonight at 425,743 for a gain of 1512 contracts. Today, surprisingly we again had 0 notices served upon for nil oz. Today, we had a constant inventory at the GLD/Inventory rests at 750.67 tonnes In silver, /SLV we had no change in inventory at the SLV/Inventory, remaining at 327.332 million oz We have a few important stories to bring to your attention today… 1, Again, huge OI increases in silver despite lower prices/silver OI at multi year highs and yet silver is extremely low in price. (harvey) 2,Greece scrambles to raise 2 billion euros (zero hedge) 3. Banco Madrid fails and puts itself into bankruptcy (Wall Street Journal) 4. Russia escalates military presence: deploys bombers to the Crimea (zero hedge) 5.Australia and other western nations joining the Asian development bank much to the anger of the USA