Harvey Organ’s Daily Gold & Silver Report – 2016.08.25

Gold and silver hold as options expire on the comex tonight/Peer to Peer lending capped in China: this is a major source of funding for Chinese housing/Portugal may lose its investment grade for its sovereign bonds: if they lose this, a major black swan event as ECB must disgorge all of Portuguese bonds/fed whisperer Hilsenrath slams the Fed in a surprising paper:Looks like the Fed wants fiscal stimulus/subprime auto loan delinquencies jump 17%

by Harvey Organ
Harvey Organ’s Blog

Gold:1320.40 down $4.30

Silver 18.48 down 7 cents

In the access market 5:15 pm

Gold: 1322.00

Silver: 18.55

Continue Reading at HarveyOrganBlog.com…