It seems that silver OI is static..the bankers are having a tough time trying to knock off the silver leaves from the silver tree.
Harvey Organ Joins Us to Issue A Warning On the Markets This Fall:
“This Thing is Going Down in September…”
The bankers were probably expecting even more gold leaves to fall from the gold tree with the raid yesterday. An open interest of around 390,000 to 400,000 is core and nothing will move these guys from their contracts.
THE LONGS REFUSED A FIAT BONUS: THEY WANT THEIR PHYSICAL SILVER.
You could see a raid coming in the afternoon:
ANOTHER WHACKING OF GOLD!
4 BILLION DOLLARS WORTH OF PAPER GOLD FLOOD THE COMEX.
Silver held on quite nicely today with the avalanche of paper supplied on both gold and silver:
GOLD AND SILVER HELD IN CHECK BY THE BANKERS: GOLD DOWN $4.30 AND SILVER DOWN 9 CENTS BUT THEN THEY WERE WHACKED IN THE ACCESS MARKET:
This is what the future holds. Why should I write words.
Get into the cellar as fast as you can!
The amount standing for the silver metal again rose in similar fashion to what we witnessed last month and also in April. We certainly have a determined entity trying to get its hands on whatever silver is available.
THIS IS A HARBINGER OF THINGS TO COME…
We have now entered options expiry week:
The big news of the day is the huge open interest at the gold comex for the upcoming June delivery month.
We may have a monstrous amount of gold ounces seeking delivery.
GOLD BREAKS THROUGH $1264 AND FINISHES THE COMEX SESSION AT $1267.75,
HOWEVER THE BIG STORY IS THE HUGE AMOUNT OF GOLD OI STANDING FOR JUNE!
For 15 consecutive days, the amount standing for physical has risen.
It looks like we have a determined player with deep pockets willing to take silver away from the COMEX.
Today the dollar collapsed and it has been heading southbound on 7 out of the last 8 trading sessions which is good for our precious metals…
For 14 consecutive days, the amount standing for physical has risen. On First day notice 16.8 million oz were standing; tonight 22.94 million oz. It looks to me that sovereign China wants its silver back as it looks like we have a determined player with deep pockets willing to take silver away from the COMEX…
This is going to be wild to you!!
There are no other words to describe the data!
This has never happened during an active silver delivery month. Ladies and gentlemen: the silver Comex is being attacked for its physical metal and the attacker is Sovereign China.
For 9 consecutive days, the amount standing for physical has risen. On First day notice 16.8 million oz were standing; tonight 22.12 million oz.
It looks to me that sovereign China wants its silver back…
THE REAL REASON WHY COMEY WAS FIRED:
THE AMOUNT STANDING FOR PHYSICAL SILVER INCREASES FOR THE 7TH STRAIGHT DAY: NOW UP TO 21.9 MILLION OZ!