get the worry beads out, page-13

This is Harvey Organs opinion on Friday's Commex trading. He is a big proponent of PM market manipulation by the evil empire (JP Morgan and friends).

I see PM prices recovering once the printing presses start again, sometime in October from all reports.

http://harveyorgan.blogspot.com/

Good morning Ladies and Gentlemen:

The CME at 11 o'clock pm est, Friday night raised margin requirements on gold, silver and copper.

This is another of their blatant manipulation moves as they wait until the bankers bomb gold and silver and then when the longs are fragile they hit with increased margin requirements. I cannot urge you enough to please stay away from the thieves at the comex.

Buy your bullion at bullion banks and be thankful for the low prices as a gift.

Let us head over to the comex and see the damage on Friday. The gold price fell by a huge $101.70 to $1637.50.

Silver followed gold as it fell by $6.49 to $30.05. The huge margin increases will probably cause a minor sell off on Monday but the bankers will commence covering their massive shorts within an hour of trading.

Gold and silver should see their bottom and start to rise and behave properly as gold and silver sense global deterioration in all markets.

The total gold comex open interest fell by a tiny 8161 contracts despite the huge raid on Thursday. The new open interest rests at Friday night at 489,588 from Thursday's level of 497,749.

The front options exercised month of September saw its OI fall from 123 to 73 for a loss of 50 contracts. We had 40 deliveries on Thursday so we finally had some minor cash settlements.

The next front delivery month in gold is October and strangely the OI did not fall much, settling at 29,569 from Thursday's level of 30,297. It sure looks like some of the players here are anxious to obtain some physical metal.

The next big delivery month is December and this month took the brunt of the attack on Thursday. The OI fell from 317,182 to 307,786 for a loss of close to 10,000 contracts. The estimated volume on Friday was a monstrous 320,725 which followed Thursday's confirmed volume of 298,057. The banking heroes supplied most of the non backed paper hoping to see many gold leaves fall from the tree.

The total silver comex OI fell by only 768 contracts as these holders seem to be in strong hands. The new OI is a multi year low.

Strange that bullion dealers and mints are running out of metal and OI which is a measure of demand is at these extreme lows. The silver comex has been nothing but a physical market for those that wish metal.

The leverage is totally gone and after Monday night it will surely be gone from the silver market. The new OI rests this weekend at 110,785 falling from Thursday's level of 111,553.

The front delivery month of September saw its OI fall from 228 to 213 for a loss of 15 contracts. We had 19 deliveries on Thursday so we lost zero contracts to cash settlements.

The front December month saw its OI fall slightly from 73,153 to 72,255. This is a minor fall in OI considering the massive wallop the price of silver endured on Thursday. The estimated volume at the silver comex was a monster, coming in at 104,984 with our banking cartel providing the short paper. The confirmed volume on Thursday was also high at 87,399.