Stage is Set for a WILD AUGUST! – Harvey Organ

文章說, 8月會是一個波動月, 所以大家唔會悶 !

本人就可能會貼少些文, 因為要陪下孫仔孫女 !

www.silverdoctors.com

In the access market 5:15 pm

Gold: 1322.50
Silver: 19.63

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For the July gold contract month,  we had ANOTHER HUGE 323 notices served upon for 32,300 ounces. The total number of notices filed so far for delivery:  6391 for 639,100 oz or 19.878 tonnes

In silver we had 125 notices served upon for 625,000 oz.  The total number of notices filed so far this month for delivery:  2259 for 11,295,000 oz

Silver today at the comex recorded an all time record for open interest and yet the price is 29 dollars cheaper. It defies commodity law!

Last night, I was up again in the early hours when I saw the bankers continue with their raid.   I took a look at the daily bulletin which is an estimated OI and then I knew the reason for the raid:

1. the high open interest for silver (and a record high) despite silver being 29 dollars cheaper when it had its former high OI in 2011. (Oi 220,587)
2. the front July contract month in gold saw a huge gain in an amount standing. (31,000 oz). Now we have close to 20 tonnes standing in this a non active month.It sure looks like August will be exciting.

We are now entering options expiry month for gold and silver:
The comex options expiry on Tuesday July 26.
The OTC options in London expire Friday at noon July 29.

So expect downward drafts in gold and silver trading until both of these contracts expire.

 

Let us have a look at the data for today

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Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 311.898 tonnes for a gain of 9  tonnes over that period
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In silver, the total open interest ROSE BY 659 contracts UP to 221,246, AND A NEW ALL TIME RECORD. THE OI ROSE WITH  THE  PRICE OF SILVER WHICH ROSE BY 20 CENTS IN YESTERDAY’S TRADING.In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.106 BILLION TO BE EXACT or 158% of annual global silver production (ex Russia &ex China).

In silver we had 125 notices served upon for 625,000 oz.

In gold, the total comex gold FELL BY 6,536 contracts despite the fact that gold ROSE in price YESTERDAY to the tune of $11.70. The total gold OI stands at 607,543 contracts.

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With respect to our two criminal funds, the GLD and the SLV:

GLD
we had no change  in gold inventory. /
Total gold inventory rest tonight at: 963.14 tonnes

SLV

we had no changes into the SILVER INVENTORY TO THE SLV

Inventory rests at 348.580 million oz.