Republican Party Platform Discussing Gold Standard / Mary Schapiro Defeated At SEC With Respect To Money Markets / Hilsenrath Saves The Day By Stating The Fed As “Further Scope For Action” And Thus A Possible QEIII Is Forthcoming / German Finance Ministry Discussing “Grexit”
by Harvey Organ
Harvey Organ’s Daily Gold & Silver Report
Good morning Ladies and Gentlemen:
Gold closed up 20 cents at comex closing time at $1669.80. Silver also rebounded to post a positive gain of 16 cents to $30.61. On Thursday afternoon I sent an email to Bart Chilton warning him that a raid was imminent in both silver and gold. Gold was up $32.00 and silver was up a huge 90 cents on Thursday, yet all of the major gold/silver equities like Barrick, Agnico Eagle, Newmont, Eldorado etc were down in price for the day. This is a sure sign that our bankers decided to coordinate activities with respect to a raid on our precious metals the following day. And that is exactly what the crooks did. The bankers were well aware of the huge rise in OI again in silver, reaching 3 year highs and they knew that they had to try and eliminate as many silver leaves from the silver tree as possible. On Friday, they tried. However physical demand was extremely strong in London and the “long” forces were ready as they knew the drill. The bankers were thoroughly defeated on Friday as they used up their valuable ammunition by supplying the necessary short paper and the bankers retreated to higher ground. Further visible evidence of their dismay came in the access market in silver and gold after the comex closed:
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2012-08-25 10:31:42
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