The bums orchestrate a gold and silver raid/Circuit breakers called into effect in Japan after yield rose from negative .10 to -.015/ New Zealand enters the currency wars by cutting its interest rate causing the Kiwi to fall/USA Inventory to Sales ratio reaches a high of 1.35: this level reached ony one time and that was during Lehman
by Harvey Organ
Harvey Organ’s Blog
[…] The open interest at the gold comex is extremely high at almost 500,000 contracts. We are now at multi year highs despite the lower price of gold. For comparison purposes, the last time we had OI this high was in 2013 with gold at $1700.00. The crooks will try anything to cause the spec longs to liquidate their positions. Normally the bankers flood the comex with massive non backed paper tripping many longs with stop losses. The crooks who have our longs as clients know what these stop loss levels are and thus it is easy for them to drive the price down tripping these losses which in turn causes a greater downfall in price.Once the price is lower they cover their shorts and make a profit. Rinse and repeat. This has been going on for the past 10 years. What he need is for the physical market to overtake the paper gold market leaving the bankers with a commercial failure to deliver..
At the gold comex today, we had a poor delivery day, registering 0 notices for nil ounces and for silver we had 7 notices for 35,000 oz for the active March delivery month.