Harvey Organ’s Daily Gold & Silver Report – 2015.07.22

July 22/Another withdrawal of 2.38 tonnes of gold from the GLD heading to Russia and Shanghai/Russia adds 25 tonnes of gold to its arsenal , tripling its month purchases/another raid on gold and silver today/Silver OI remains extremely high despite the raids/China withdraws 1/2 trillion USA in treasuries this past 1/2 year to shore up its balance sheet/

by Harvey Organ
Harvey Organ’s Blog

[…] First, here is an outline of what will be discussed tonight:

At the gold comex today, we had a poor delivery day, registering 2 notices for 200 ounces . Silver saw 0 notices filed for nil oz.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 242.46 tonnes for a loss of 61 tonnes over that period.

In silver, the open interest fell by a tiny 15 contracts despite the fact that yesterday’s price was up by 2 cents and the gold price was pummeled. The total silver OI continues to remain extremely high, with today’s reading at 190,226 contracts now at decade highs despite a record low price.

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