outlook, page-13

Comment from Harvey Organ blog today on last nights CME silver vault activity:

http://harveyorgan.blogspot.com/

"The CME reported today that we had another biggy of a delivery to the tune of 97 notices or 485,000 oz.

The total number of notices filed so far this month total 1064 for 5,320,000 oz. To obtain what is left to be served upon, I take the OI standing for January (99) and subtract out today's deliveries (97) which leaves us with 2 notices or 10,000 oz.

Thus the total number of silver oz standing in this non delivery month of January is as follows:

5,320,000 oz (served) + 10,000 (oz to be served upon) = 5,340,000 oz.

we now have January which is a non delivery month exceed deliveries by over 200,000 oz from the December month( which is generally considered the largest delivery month in the year for silver).

So far this month the USA Mint has struck in excess, 5 million oz of silver eagles.

Last year the USA mint fabricated over 40 million oz of silver. The USA mines produced only 35 million oz last year of silver

The Canadian and USA mines have produced 55 million oz of silver last fiscal year, yet silver maples and silver eagles have mintage that exceeds 65 million oz. Thus the comex must secure silver from Europe in excess of 10 million oz. Not only that but the jewelers must as well buy from Europe. Eric Sprott must find his supply from Europe.

It makes no sense whatsoever that the bankers raid silver with non backed silver comex paper with silver in such scarce supply and high demand. It is such a farce!!"

Just waithing for our AYN chickens to come home to roost