Harvey Organ: $4 T in Greek Derivatives to Detonate in 10 Days- ENTIRE FINANCIAL WORLD WILL FALL LIKE DOMINOES!

by Harvey Organ, Silver Doctors Tonight’s commentary regarding the Greek ultimatum is the most important development in quite some time. If I was a betting man, I strongly believe that China and Russia have had extensive talks and they are willing to finance the Greeks. If Greece does its GREXIT then derivatives will blow up the entire globe. It means that the entire 320 billion euros of debt will blow up along with around 3.4 to 4 trillion of derivatives on Greece and interest rates on Greek bonds etc. THE ENTIRE FINANCIAL WORLD WILL FALL LIKE DOMINOES… YOUR QUOTE OF THE DAY: YANIS TALKING ABOUT THE EU PERSONNEL: stated late in the day after the EU issued a 10 day ultimatum (see below) (carpet-bombing = complete obliteration as a carpet completely covers the floor/total annihilation) All hands on deck: Yanis V and Alexis Tsipras calling Mr Putin and Xi Jinping on the hot line!! Good evening Ladies and Gentlemen: Here are the following closes for gold and silver today: Gold: $12633.90 down $28.10 (comex closing time) Silver: $16.72 down 46 cents (comex closing time) In the access market 5:15 pm Gold $1233.25 silver $16.69 Gold/silver trading: see kitco charts on right side of the commentary. The big story today is the ultimatum issued on Greece (covered below) and the phony jobs report. If Greece does its GREXIT then derivatives will blow up the entire globe. Yanis V is a PhD in Finance and you bet the farm he is well versed how how these financial structures work and when lit it can send a daisy chain of defaults. As for the phony jobs report, we will cover the nonsense in the USA section of my report at the bottom. Following is a brief outline on gold and silver comex figures for today: The gold comex today had a good delivery day, registering 57 notices served for 5,700 oz. Silver comex registered 67 notices for 335,000 oz . Three months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 254.00 tonnes for a loss of 49 tonnes over that period. In silver, the open interest fell by 3,292 contracts as yesterday’s silver price was down by 20 cents. The total silver OI continues to remain relatively high with today’s reading at 165,296 contracts. We had 0 notices filed for nil oz In gold surprisingly we had a tiny rise in OI even though gold was down by $1.80 yesterday. The total comex gold OI rests tonight at 414,502 for a gain of 10 contracts. Today we had a small 57 notices served upon for 5700 oz. Today, we had no changes in gold inventory at the GLD/Inventory at 773.31 tonnes In silver, /SLV no change in of silver inventory to the SLV/Inventory 320.327 We have a few important stories to bring to your attention today… Let’s head immediately to see the major data points for today. First: GOFO rates: the crooks are no longer reporting. Let us now head over to the comex and assess trading over there today. Here are today’s comex results: The total gold comex open interest rose marginally today by 10 contracts from 414,492 up to 414,502 with gold down by $1.80 yesterday (at the comex close). We are now in the big delivery month of the active February contract and here the OI fell by 368 contracts from 1210 down to 842. We had 342 contracts served yesterday. Thus we lost 26 contracts or 2600 oz will not stand for delivery for the February contract and no doubt were bought out with fiat. The next contract month of March saw it’s OI rise by 11 contracts up to 1381. The next big active delivery month is April and here the OI fell by 84 contracts down to 287,457. The estimated volume today (which is just comex sales during regular business hours of 8:20 until 1:30 pm est) was poor at 117,164. The confirmed volume yesterday ( which includes the volume during regular business hours + access market sales the previous day) was also poor at 120,542 contracts. Today we had 57 notices filed for 5700 oz . And now for the wild silver comex results. Silver OI fell by 3,292 contracts from 168,588 down to 165,296 as silver was down by 20 cents yesterday. The bankers were able to shake some silver leaves from the silver tree. Let us wait until Monday to see how successful they were today. We are now in the non active contract month of February and here the OI rose by 8 contracts up to 92. We had 0 notices filed yesterday so we gained 8 contracts or 40,000 additional oz will stand for delivery in this February contract month. The next big active contract month is March and here the OI fell by 3878 contracts down to 92,973. The estimated volume today was awful at 26,753 contracts (just comex sales during regular business hours). The confirmed volume yesterday was excellent (regular plus access market) at 49,394 contracts. We had 67 notices filed for 335,000 oz today. February initial standings Continue Reading>>>

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