Harvey Organ: Silver Fights Off Bankster Raid!

by Harvey Organ, Silver Doctors Today, once gold surpassed the 1300 dollar level, one could guess that the bankers were going to defend their turf and they most assuredly did with a raid this morning. Surprisingly silver did not follow gold. Silver surpassed the 18.00 dollar level and stayed there for the rest of the day. Good evening Ladies and Gentlemen: Here are the following closes for gold and silver today: Gold: $1293.70 down $0.20 (comex closing time) Silver: $18.18 up 23 cents (comex closing time) In the access market 5:15 pm Gold $1293.30 silver $18.12 Gold/silver trading: see kitco charts on right side of the commentary. Today, once gold surpassed the 1300 dollar level, one could guess that the bankers were going to defend their turf and they most assuredly did with a raid this morning. Surprisingly silver did not follow gold. Silver surpassed the 18.00 dollar level and stayed there for the rest of the day. The gold comex today had a poor delivery day, registering 0 notices served for nil oz. Silver comex registered 10 notices for 50,000 oz. Three months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 247.23 tonnes for a loss of 56 tonnes over that period. In silver, the open interest fell by 1,014 contracts with Tuesday’s silver price being up by 21 cents. The total silver OI continues to remains relatively high with today’s reading at 159,904 contracts. It seems that the bankers are very worried about silver as they covered some of their short position with the rise in the price of silver. The January silver OI contract fell by 17 contracts down to 63. In gold we had a good increase in OI with the huge rise in price of gold yesterday to the tune of $16.40. The total comex gold OI rests tonight at 430,128 for a gain of 5,742 contracts. The January gold contract rose by 3 contracts up to 90 contracts. Continue Reading>>>

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