Harvey Organ Issues “Urgent Alert”: We Are Experiencing a HUGE COMEX Silver Bank Run!
SilverDoctors.com
October 1, 2015
Urgent/COMEX data: we are having a HUGE silver bank run at the COMEX!
Ladies and Gentlemen: we are having an old fashioned BANK RUN but instead of paper money being removed, it is silver:
Submitted by Harvey Organ:
Let us head over to the comex:
The total gold comex open interest rose from 415,700 up to 417,079 for a gain of 1379 contracts despite the fact that gold was down $11.60 with respect to yesterday’s trading. For the past two years, we have strangely witnessed two interesting developments with respect to the gold open interest: 1) total gold comex collapse in OI as we enter an active delivery month, and 2) a continual drop in the amount of gold standing in an active month, and today only the first of these developments continued in earnest. (contraction of total OI) . The amount standing on second day notice did decline but not by much as you soon see. The new active delivery month we enter is October and here the OI fell by 261 contracts down to 2831. We had 121 notices filed yesterday so we only lost 140 contracts or 14,000 oz will not stand for delivery. Lately we have been witnessing much more leave, no doubt to cash settlements. The November contract fell by 7 contracts down to 155.The big December contract saw it’s OI rise by 23 contracts from 290,517 up to 290,540. The estimated volume on today (which is just comex sales during regular business hours of8:20 until 1:30 pm est) was estimated at 75,892 which is poor. The confirmed volume on yesterday (which includes the volume during regular business hours + access market sales the previous day was poor at 163,402 contracts.
Today we had 5 notices filed for 500 oz.
The Rest…HERE
