Harvey Organ’s Daily Gold & Silver Report – 2016.02.22
GLD “adds” a monstrous 19.33 tonnes to its inventory/silver adds 666,000 oz to its inventory/gold bombed 20 dollars today/Gold and silver OI at the comex continues to rise/British pound tumbles as mayor of London goes to the exit side/HSBC records a quarterly loss/BHP Billiton slashes dividend as well as cut CAPEX as earnings fall by 92%/Troubles continue for Valeant as they are going to restate earnings/With NIRP firmly in place in Japan, citizens are buying safes to put their yen so they would not have to place them in the banks/PMI’s throughout the globe plummet: first China, then Europe, then USA
by Harvey Organ
Harvey Organ’s Blog
ON Friday, once the COT report was received I wrote:
“Conclusions: the chance of a huge raid coming next week is 100%”
Our criminal bankers did not disappoint me!!
At the gold comex today, we had a GOOD delivery day, registering 75 notices for 7500 ounces. Silver saw 0 notices for NIL oz.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 207.44 tonnes for a loss of 96 tonnes over that period.
In silver, the open interest rose by 676 contracts up to 175,576. In ounces, the OI is still represented by .878 billion oz or 125% of annual global silver production (ex Russia ex China).
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Source: http://financialsurvivalnetwork.com/2016/02/harvey-organs-daily-gold-silver-report-2016-02-22/?utm_source=rss&utm_medium=rss&utm_campaign=harvey-organs-daily-gold-silver-report-2016-02-22
