The Doc sat down with Harvey Organ again for the 2nd of several interviews regarding the recent massive cartel intervention in the gold and silver markets post the QE4 announcement, the fiscal cliff, the CFTC’s silver probe, and the unprecedented 20 million oz of silver still standing for December delivery.

Harvey stated that recent evidence seems to validate his long held suspicions that China is behind the big gold & silver shorts, and stated that the nation is draining massive amounts of physical metal East.
Harvey also made the shocking allegation that COMEX is settling allocated delivery & storage requests with paper metal,  and stated that he no longer has any faith whatsoever in the numbers reported in the COMEX gold and silver inventories. 

Harvey Organ’s EXPLOSIVE 2nd interview with The Doc is below:

The latest report from the Silver Institute reveals what most participants of the silver market suspected- China has become the largest physical market for silver in the world.
The report indicates total Chinese silver demand has grown to a whopping 170.7 million ounces annually, from just 70 million ounces a decade ago.
Chinese investment demand for silver reached 17 million ounces in 2011, up from 9.8 million ounces in 2009.
As with China’s gold accumulation, it is likely that China’s unofficial hoarding of silver vastly exceeds the publicly admitted 17 million ounces annually.

Full report below: