Harvey Organ’s Daily Gold & Silver Report – 2015.12.22

Czech President Want Greece Out of the Euro/strange: They Are Not Even in the Euro!/finland Fin Min States That Their Entry Into the Euro is a Mistake/usa Military Supplies Intelligence to Syria’s Assad Behind the Back of Obama/strange Stuff in Sweden Tonight: Stibor or Interbank Loaning of Money Between Banks in Sweden is a Monstrous 1.79%/huge Redemptions in Usa Hedge Funds (equity) Causes Downfall in Aum and Also More Gating of Funds/existing Home Sales Plummet in the Usa by 10.5%

by Harvey Organ
Harvey Organ’s Blog

[…] At the gold comex today, we had a good delivery day, registering 43 notices for 4,300 ounces.Silver saw 126 notices for 630,000 oz.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 198.93 tonnes for a loss of 104 tonnes over that period.

In silver, the open interest fell by 1156 contracts even though silver was up in price by 22 cents with respect to yesterday’s trading and without a doubt we had more short covering. We have an extremely low price of silver and a very high OI coupled with backwardation in silver at the LBMA and the comex. (negative SIFO rates). The total silver OI now rests at 162,096 contracts. In ounces, the OI is still represented by .810 billion oz or 115% of annual global silver production (ex Russia ex China).

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