by Harvey Organ RAID ON GOLD AND SILVER TRYING TO GET GOLD BELOW $1100 AND SILVER BELOW 14.00 DOLLARS/ATTEMPT FAILED/SOUTH AFRICAN MINING STOCKS IN DISARRAY/HONG KONG COMEX HAS ONE DAY WITHDRAWAL OF 19.1 TONNES OF PHYSICAL GOLD/TED SPREAD RISES AGAIN FOR FIRST TIME IN QUITE A WHILE SIGNALLING USA BANKS AILING/DEALER GOLD STILL REMAINS JUST ABOVE 5 TONNES AS NO GOLD AGAIN ENTERS THE GOLD VAULT VAULTS AT THE COMEX Good evening Ladies and Gentlemen: Here are the following closes for gold and silver today: Gold: $1103.50 down $6.00 (comex closing time) Silver $14.49 down 15 cents. In the access market 5:15 pm Gold $1107.70 Silver: $14.58 Before beginning, I would like to point out that all the South African mines tonight are in severe trouble. The country mines a considerable 145 tonnes per year. However many mines are mining at 5,000 ft. The miners want an increase in their wages. I would also like to point out that the temperature inside these mines at 5,000 ft can rise to 130 degrees F. Generally speaking, all of South African mines are operating in the red. First, here is an outline of what will be discussed tonight: At the gold comex today we had a poor delivery day, registering 3 notices for 300 ounces Silver saw 77 notices for 385,000 oz. Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 218.80 tonnes for a loss of 84 tonnes over that period. In silver, the open interest fell by 2319 contracts despite the fact that silver was up in price by 7 cents yesterday. Again, our banker friends tried to use the opportunity to cover as many silver shorts as they could. The total silver OI now rests at 153,604 contracts In ounces, the OI is still represented by .768 billion oz or 109% of annual global silver production (ex Russia ex China). In silver we had 77 notices served upon for 385,000 oz. In gold, the total comex gold OI fell to 417,487 for a loss of 397 contracts. We had 3 notices filed for 300 oz today. Last last night we had no changes in tonnage at the GLD, thus the inventory rests tonight at 678.18 tonnes. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold. It sure looks like 670 tonnes will be the rock bottom inventory in GLD gold. It looks to me that China has taken the last amounts of physical gold from the GLD. I guess the only place left for China to receive physical gold will be the FRBNY and the comex. In silver, we had no changes in silver inventory at the SLV /Inventory rests at 322.06 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 2319 contracts down to 153,604 despite the fact that silver was up by 7 cents in price with respect to yesterday’s trading. The total OI for gold fell by 397 contracts to 417,498 contracts, despite the fact that gold was up by $7.30 yesterday. (report Harvey) 2.Gold trading overnight, Goldcore (/Mark OByrne) 3. COT report (Harvey) 4. Trading overnight from China commencing at 9:30 pm est last night 5. Russia has sent armaments to Syria trying to shore up Assad as the USA and NATO try to shore up Assad’s enemies. It seems that Iran has had enough and they seem to be anxious to enter into the fray. If this is true, no doubt Israel must step in. The war of words between Washington and Moscow are getting louder by the minute. (2 stories/zero hedge) 6. Russia is making natural gas pipeline deals totally bypassing the Ukraine, Bulgaria and Slovakia infuriating the west, What do you expect them to do? (zero hedge) 7. The state owned Brazilian oil company Petrobras saw its 100 yr maturity bond falter to 70 cents on the dollar and a yield of 10%. S and P lowered the boom on grading this operation to junk. Now worldwide all pension funds must liquidate as they are not allowed to carry them in their portfolios once two agencies grades their debt at junk: (zero hedge) 8. Oil related commentaries The Bershidsky story goes in detail why the USA is losing the shale battle with the Saudis (three stories/zero hedge/Bershidsky) 9. Crane collapses in Mecca/strange on 9:11 (zero hedge) 10. USA stories/Trading of equities NY Continue Reading>>>

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