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FSN: Another Raid in Gold & Silver / Silver OI Still Elevated at 154,988 / GLD Loses Another 7.65 Tonnes on Friday / Italian Bank’s NPL’s Increase / Japan CPI Disappoints At -.9% / USA GDP Disappoints at 2.5% / Poor Michigan Consumer Confidence Index
Saturday, April 27, 2013 8:48
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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Harvey Organ
Harvey Organ’s Daily Gold & Silver Report
Good morning Ladies and Gentlemen:
Gold closed down $8.20 to $1453.60 (comex closing time). Silver fell by $.34 to $23.76 (comex closing time). As I promised you Thursday night, a raid on Friday was likely due to the poor performance of gold/silver equities on Thursday despite the higher bullion price. The raid occurred when the London gold/silver market was put safely to bed (around 12 noon). The bankers are smart now, they know it is foolish to raid in physical time zones.
In the access market at 5 pm gold and silver rose :
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2013-04-27 08:45:09
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