Harvey Organ’s Daily Gold & Silver Report – 2015.09.25

(Before It's News)

Gold and silver whacked on options expiry week/Huge addition of 5.66 tonnes of gold into GLD/Gold in backwardation for 3 months out in London/Boehner calls its quits/Shortages for silver and gold continue unabated

by Harvey Organ
Harvey Organ’s Blog

[...] First, here is an outline of what will be discussed tonight:

At the gold comex today we had a poor delivery day, registering 5 notices for 500 ounces Silver saw 236 notices for 1,800,000 oz.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 213.27 tonnes for a loss of 90 tonnes over that period.

In silver, the open interest rose by 3,570 contracts as silver was up in price by 35 cents yesterday. The total silver OI now rests at 155,212 contracts In ounces, the OI is still represented by .776 billion oz or 110% of annual global silver production (ex Russia ex China).

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