Massive Raid on Gold and silver/Andrew Maguire provides details/Cyprus in need of another 6 billion euros
by Harvey Organ, HarveyOrgan.Blogspot.ca:
Good evening Ladies and Gentlemen:
Gold closed down $63.30 to $1501.0 (comex closing time). Silver fell by $1.36 to $26.32 (comex closing time).
In the access market at 5 pm:
gold: $1482.92
silver: $26.00
At the comex, the open interest in silver fell slightly to 164,393 contracts. The total amount of gold ounces standing for April rose to 32.40 tonnes and silver also had an increase to 2.885 million oz standing.
Gold has been smashed by $65.00 during the past few trading days and the culprit: the “selling” of 10 tonnes of gold from Cyprus worth around 520 million USA dollars (400 million euros). And yet on Friday, an internal document shows that the Cyprus bailout needs in total 23 billion euros. The i) troika ( ECB, EU, IMF) is to provide 10 billion euros, ii) the stealing of the depositors money around 7 billion euros, leaving this nation short of 6 billion euros. Too many depositors fled the scene of the crime leaving Cyprus now exposed. And what do the press concentrate on: 10 tonnes of gold.
Read More @ HarveyOrgan.Blogspot.ca
2013-04-13 21:15:12
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