chart, page-14

A bit of harvey organ he usually knows what is going on,

Massive raid in gold and silver/options exercise on stocks tomorrow
Good evening Ladies and Gentlemen:


Today the banking cartel decided to raid gold and silver even though we had dollar weakness. Tomorrow is options exercise on stocks so they always raid gold and silver, prop up regular securities and bomb gold shares. Standing operating procedure.!!



Gold closed down by $23.50 to $1346.50. Silver fared worse dropping by a full $1.34 to close the comex session at $27.45.



OK let us go straight to the comex trading and discuss the damage:



The total gold comex open interest fell yesterday by 6719 contracts to register a reading of 581,113. We lost a few of the weaker longs. The front options exercised delivery month of January showed a contraction of 42 contracts to settle with an open interest of 27.

Since the deliveries yesterday numbered 59, this took in all of the drop in OI on the January month.

The front delivery month of February saw its open interest fall 14,053 contracts to 244,371 as we are getting near first day notice. The bankers need to see more switches to April. The estimated volume today was an unheard of 299,858 contracts. When a normal gold day is around 100,000 contracts, when you throw 3 x normal volume no wonder the price contracts. These banking bozos have no profit motive as they supply relentless un-backed paper as our regulators watch in glee not knowing who to root for!!


http://harveyorgan.blogspot.com/