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Oct 1/huge Addition Of Gold Into The Gld/huge Addition Of Silver Into Slv/looks Like A Major “bank” Run On The Silver Comex Inventory/turkey;s Foreign Reserves Fall Below 100 Billion Usa For The First Time/turkish Lira Plummets To 3.02 To The Dollar/germany Repatriates 10.3 Tonnes Of Gold From Frbny/terrible Pmi Results Across The Globe/copper Falls Again Putting Massive Pressure On Glencore/atlanta Fed Lowers 3rd Quarter Gdp To Only .9% Growth/
harveyorganblog.com / by harveyorgan / October 1, 2015
Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1114.20 down $1.30 (comex closing time)
Silver $14.51. unchanged
In the access market 5:15 pm
Gold $1113.60
Silver: $14.54
As an alert to you, tomorrow is the FOMC jobs report. Although we all know that the results are phony, the bankers always use this opportunity to manipulate gold/silver. However judging from the poor regional surveys, the job growth number should be quite subdued.
First, here is an outline of what will be discussed tonight:
At the gold comex today, on first day notice we had a very poor delivery day, registering only 5 notices for 500 ounces Silver saw 9 notices for 45,000 oz.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 213.08 tonnes for a loss of 90 tonnes over that period.
In silver, the open interest rose by 720 contracts despite the fact that silver was down in price by 5 cents yesterday. The total silver OI now rests at 157,625 contracts In ounces, the OI is still represented by .788 billion oz or 113% of annual global silver production (ex Russia ex China).
In silver we had 9 notices served upon for 45,000 oz.
In gold, the total comex gold OI rose to 417,079 for a gain of 1379 contracts. We had 5 notices filed for 500 oz today.
We had a huge addition in tonnage at the GLD to the tune of 3.28; thus the inventory rests tonight at 687.42 tonnes. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold. It sure looks like 670 tonnes will be the rock bottom inventory in GLD gold. It looks to me that China has taken the last amounts of physical gold from the GLD. I guess the only place left for China to receive physical gold will be the FRBNY and the comex. In silver, we had a huge addition in silver inventory at the SLV to the tune of 1,145,000 oz/Inventory rests at 318.529 million oz.
We have a few important stories to bring to your attention today…
The post OCT 1/HUGE ADDITION OF GOLD INTO THE GLD/HUGE ADDITION OF SILVER INTO SLV/LOOKS LIKE A MAJOR “BANK” RUN ON THE SILVER COMEX INVENTORY/TURKEY;S FOREIGN RESERVES FALL BELOW 100 BILLION USA FOR THE FIRST TIME/TURKISH LIRA PLUMMETS TO 3.02 TO THE DOLLAR/GERMANY REPATRIATES 10.3 TONNES OF GOLD FROM FRBNY/TERRIBLE PMI RESULTS ACROSS THE GLOBE/COPPER FALLS AGAIN PUTTING MASSIVE PRESSURE ON GLENCORE/ATLANTA FED LOWERS 3RD QUARTER GDP TO ONLY .9% GROWTH/ appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/01/oct-1huge-addition-of-gold-into-the-gldhuge-addition-of-silver-into-slvlooks-like-a-major-bank-run-on-the-silver-comex-inventoryturkeys-foreign-reserves-fall-below-100-billion-u/
