Harvey Organ: GREECE ROBS PENSION ACCOUNTS TO PAY THE IMF!
by Harvey Organ, Silver Doctors Good evening Ladies and Gentlemen: Here are the following closes for gold and silver today: Gold: $1204.00 down $3.70 (comex closing time) Silver: $16.26 down 15 cents (comex closing time) In the access market 5:15 pm Gold $1203.70 silver $16.28 Today, in Greece as we warned you yesterday, the government is seizing the pension accounts in order to pay the IMF bill. I believe that they learned those skills from the Americans. The Russians are threatening NATO not to arm the Ukrainians in their battle with the rebels. If they do, then Russia will intercede. Today the Ukraine raised interest rates to 30% in order to stem the fall in the value of the hyrvnia. The Israeli Prime Minister arrived in Washington to speak to congress on the threat of Iran. While this was going on, the USA was having discussions with the Iranians on their nuclear ambitions. They were also preparing to retake the Iraqi city of Tikrit from ISIS. We have these and many other stories to bring your way. However first..your data from gold and silver trading together with data from the comes… Gold/silver trading: see kitco charts on right side of the commentary. Following is a brief outline on gold and silver comex figures for today: The gold comex today had a poor delivery day, registering 1 notices served for 100 oz. Silver comex registered 200 notices for 1,000,000 oz . Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 260.08 tonnes for a loss of 43 tonnes over that period. In silver, the open interest rose by 2348 contracts even though Monday’s silver price was down by 11 cents. The total silver OI continues still remains relatively high with today’s reading at 162,740 contracts. The front month of March contracted by 156 contracts. We had 200 notices served upon for 1,000,000 oz. In gold we had a good rise in OI as gold was up by $4.90 yesterday. The total comex gold OI rests tonight at 405,027 for a gain of 3,338 contracts. Today, surprisingly we again had only 1 notice served upon for 100 oz. Continue Reading>>>