Harvey Organ Breaks Down FOMC/Options Expiry PM Raid

by Harvey Organ, Silver Doctors The bankers for the past several years have raided gold and silver at the conclusion of every month. Four days prior to the end of the month we have the options expiry on the COMEX. On the last day of the month we have the OTC options expiry where hedge funds buy options from the bankers on the OTC market. Why on earth investors day in and day out buy options on the precious metals is beyond me. These guys are mega crooks. In gold they wanted to have all 1260 dollar call options and above go worthless. In silver it was all calls between $16.75 and $18.00. They were successful as they pocketed all of the premiums. This is how the banks make money. The Fed keeps the rates at zero and provides loans to these bums at 0% so that they can execute these trades against us. Good evening Ladies and Gentlemen: Here are the following closes for gold and silver today: Gold: $1254.60 down $31.30 (comex closing time) Silver: $16.71 down $1.36 (comex closing time) In the access market 5:15 pm Gold $1257.00 silver $16.95 Tomorrow is first day notice Gold/silver trading: see kitco charts on right side of the commentary. The bankers for the past several years have raided gold and silver at the conclusion of every month. Four days prior to the end of the month we have the options expiry on the comex. On the last day of the month we have the OTC options expiry where hedge funds buy options from the bankers on the OTC market. Why on earth investors day in and day out buy options on the precious metals is beyond me. These guys are mega crooks. In gold they wanted to have all 1260 dollar call options and above go worthless. In silver it was all calls between $16.75 and $18.00. They were successful as they pocketed all of the premiums. This is how the banks make money. The Fed keeps the rates at zero and provides loans to these bums at 0% so that they can execute these trades against us. The gold comex today had a good delivery day, registering 9 and 12 notices served for 2100 oz. Silver comex registered 17 notices for 85,000 oz. Three months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 247.83 tonnes for a loss of 55 tonnes over that period. In silver, the open interest fell slightly by 400 contracts despite Wednesday’s silver price being unchanged. The total silver OI continues to remain relatively high with today’s reading at 162,040 contracts. After today’s monstrous raid, it will be interesting to see how many open interest contracts in silver were knocked off. The January contract month is now off the board. In gold we again experience a large decrease in OI as we enter an active delivery month.(gold entering February and this is an active month) The drop in OI occurred with a decrease in the price of gold yesterday to the tune of $5.80. The total comex gold OI rests tonight at 429,563 for a loss of 56,127 contracts. It will be interesting to see the damage in OI for tomorrow. Continue Reading>>>

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