Harvey Organ’s Daily Gold & Silver Report – 2015.11.23

Key Player in China’s Brokerage Industry Vanishes Without a Trace/glencore Falls Another 2 Pence to 90 Pence/ Asia Has Its Biggest Commodity Trader in Trouble, Hong Kong Bases Nobel Industries/belgium on Full Alert for the 3rd Straight Day/paris Finds a Suicide Belt Which Heightens Concerns/both Baltic and Shanghai Container Index Falls to Record Lows/brazil Faltering in All 3 Areas: Lower Growth/higher Inflation and Higher Unemployment with Massive Debt to Gdp and Climbing/ Argentina Elects a New President and He Faces a Complete Mess/interest Rate Swaps Continue Massively Into the Negative Which Makes No Sense/usa Loses the Big Pharma Company Pfizer to Ireland/interesting the Total Sales of Both Companies is a Touch Shy of Present Ireland Gdp/usa is Very Angry at This/national Mfg Index (chicago) Plummets/also National Pmi Falls Badly as Does Existing Home Sales

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 very poor delivery day, registering 0 notice for nil ounces. Silver saw 0 notices for nil oz.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 200.25 tonnes for a loss of 103 tonnes over that period.

In silver, the open interest surprisingly rose by a large 2975 contracts despite the fact that silver was down 16 cents in Friday’s trading. The total silver OI now rests at 173,524 contracts In ounces, the OI is still represented by .867 billion oz or 123% of annual global silver production (ex Russia ex China).

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