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April 18/huge 6.38 Tonnes Of Gold Added To The Gld/open Interest On Silver Continues To Rise/in Doha No Agreement And Strangely After Oil Plummets, It Reverses And Rises And It Eliminates Most Of Its Losses/gold Eagles Sales Skyrocket On The Secret Fed Meeting/united Health Abandons Two More States, Michigan And Oklahoma/in Brazil The Impeachment Process Begins/
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
harveyorganblog.com / by harveyorgan / April 18, 2016
Good evening Ladies and Gentlemen:
Gold: $1,233.60 up $0.50 (comex closing time)
Silver 16.25 down 6 cents
In the access market 5:15 pm
Gold $1233.00
silver: 16.24
I hope you all watched a very important video where Rob Kirby and Greg Hunter discuss the purchase of the Chinese of the SWIFT system. Now the Chinese can combine their CIP with the new SWIFT system and bypass the USA altogether. Rob Kirby describes this as a knife into the heart of the USA. (CIP transfers money/Swift provides the information packet. Up until now you had to settle in dollars as there was no way around the SWIFT system.)
Let us have a look at the data for today.
At the gold comex today, we had a fair delivery day, registering 35 notices for 3500 ounces for gold,and for silver we had 18 notices for 90,000 oz for the non active April delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 218.990 tonnes for a loss of 84 tonnes over that period.
In silver, the open interest rose by another 1447 contracts UP to 194,076 as the silver price was UP 14 cents with respect to FRIDAY’s bullish trading. In ounces, the OI is still represented by .970 billion oz or 138% of annual global silver production (ex Russia ex China). We are now at multi year highs in OI with respect to silver
In silver we had 18 notices served upon for 90,000 oz.
In gold, the total comex gold OI fell BY A rather small 2675 contracts DOWN to 494,212 contracts DESPITE THE FACT THAT the price of gold was UP $8.10 with FRIDAY’S TRADING(at comex closing).
We had another huge change in gold inventory at the GLD,this time a deposit of 6.38 tonnes thus the inventory rests tonight at 812.46 tonnes. (Yesterday we also had 3.26 tonnes removed) The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold. Our 670 tonnes of rock bottom inventory in GLD gold has been broken. 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, after they deplete the GLD will be the FRBNY and the comex. In silver,we had another withdrawal of .951 million oz of silver despite silver’s rise. No doubt that this silver was used in the fruitless attempt at knocking down the silver price. Thus the Inventory rests at 333.297 million oz..
First, here is an outline of what will be discussed tonight:
The post APRIL 18/HUGE 6.38 TONNES OF GOLD ADDED TO THE GLD/OPEN INTEREST ON SILVER CONTINUES TO RISE/IN DOHA NO AGREEMENT AND STRANGELY AFTER OIL PLUMMETS, IT REVERSES AND RISES AND IT ELIMINATES MOST OF ITS LOSSES/GOLD EAGLES SALES SKYROCKET ON THE SECRET FED MEETING/UNITED HEALTH ABANDONS TWO MORE STATES, MICHIGAN AND OKLAHOMA/IN BRAZIL THE IMPEACHMENT PROCESS BEGINS/ appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/04/18/april-18huge-6-38-tonnes-of-gold-added-to-the-gldopen-interest-on-silver-continues-to-risein-doha-no-agreement-and-strangely-after-oil-plummets-it-reverses-and-rises-and-it-eliminates-most-of-its/
