Gold and Silver HOLD!

www.silverdoctors.com

Turkey wishes to become a storage hub for gold, i.e. to store 1600 tonnes of gold..

GOLD AND SILVER HOLD/GOLD/SILVER EQUITY SHARES PERFORM BETTER/CHINA’S TRADE REPORT AWFUL AND THUS A GOOD GLIMPSE INTO HOW THE GLOBAL ECONOMY IS PERFORMING!/OIL PERFORMS WELL/HUGE WITHDRAWAL OF 6.54 TONNES OF PAPER GOLD FROM THE GLD

For the August gold contract month,  we had a good sized 395 notices served upon for 39,500 ounces.The total number of notices filed so far for delivery:  11,276 for 1,127,600 oz or  tonnes or 35.073 tonnes

In silver we had 1 notice served upon for 5,000 oz. The total number of notices filed so far this month:  210 for 1,050,000 oz.

  

Let us have a look at the data for today

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In silver, the total open interest FELL BY A LARGE 5,722 contracts DOWN to 217,762 YET  STILL CLOSE AN ALL TIME NEW ALL TIME RECORD AS THE  PRICE OF SILVER FELL  BY 63 CENTS WITH FRIDAY’S TRADING.In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.088 BILLION TO BE EXACT or 155% of annual global silver production (ex Russia &ex China).

In silver we had 1 notice served upon for 5,000 oz

In gold, the total comex gold FELL BY A CONSIDERABLE 13,004 contracts as the price of gold FELL by $22.40 ON FRIDAY. The total gold OI stands at 577,490 contracts.

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

GLD
we had a huge change to our gold inventory, /a withdrawal of 6.54 tonnes
Total gold inventory rest tonight at: 973.80 tonnes

SLV

we had no changes in the SLV, the SILVER INVENTORY AT THE SLV

rests at 350.815 million oz.