by Harvey Organ, Silver Doctors Good evening Ladies and Gentlemen: Here are the following closes for gold and silver today: Gold: $1182.40 down $7.90 (comex closing time) Silver $16.27 down 27 cents (comex closing time) In the access market 5:15 pm Gold $1184.50 Silver: $16.34 Tomorrow is the jobs report so expect extreme volatility in gold and silver trading. If the jobs report is really bad, then expect chaos in the USA Dow and Nasdaq/ Gold/Silver trading: see kitco charts on the right side of the commentary Following is a brief outline on gold and silver comex figures for today: At the gold comex today, we had a poor delivery day, registering 0 notices serviced for nil oz. Silver comex filed with 15 notices for 75,000 oz Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 243.28 tonnes for a loss of 60 tonnes over that period. Lately the removals have been rising. In silver, the open interest fell by 507 contracts as Wednesday’s silver price was down by 7 cents The total silver OI continues to remain extremely high with today’s reading at 175,187 contracts maintaining itself near multi-year highs despite a record low price. This dichotomy has been happening now for quite a while and defies logic. There is no doubt that the silver situation is scaring our bankers to no end. In silver we had 308 notices served upon for 1,540,000 oz. In gold, the total comex gold OI rests tonight at 398,805 for a loss of 1183 contracts as gold was down by $2.90 yesterday. We had 0 notices served upon for nil oz. Today, we no change in gold inventory at the GLD / Gold Inventory rests at 741.75 tonnes. There is now no question that London is out of gold as London gets deeper into backwardation. China’s major source of gold will now be the FRBNY. China’s demand for gold this week: 51 tonnes. In silver, / /we had no changes with respect to silver inventory at the SLV/ and thus the inventory tonight remains at 325.53 million oz We have a few important stories to bring to your attention today… 1. Today we had the open interest in silver fall by 507 contracts as silver was down in price yesterday by 7 cents. The OI for gold fell by 1183 contracts down to 398,805 contracts as the price of gold was down by $2.90 yesterday. GLD had no change and SLV, no changes with respect to the inventory levels. (report Harvey) 2,Two commentaries on Greece today: (zero hedge/Bill Holter) 3.Huge story of the day: during the night a huge rise in yields. Then central bank intervention arrived to lower yields. However derivatives blew up on the immediate rise in those rates: (zero hedge) 4 Challenger Gray today provides its account of job cuts in the uSA. (Challenger, Gray, and Christmas) 5. Dave Kranzler/IRD discusses the huge misses from all fronts in USA reporting of economic data; as they are tabulated it gives an interesting read: the economy is falling faster than anyone could have imagined (Dave Kranzler/IRD/Rory Hall/The Daily Coin) Continue Reading>>>

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