harveyorgan.blogspot.com / January 14, 2013
Good evening Ladies and Gentlemen:
Gold closed up $8.90 to finish the comex session at $1668.90. Silver also had a good day closing up 71 cents at $31.08. I am not going to talk about the actual trading day as it was all manipulated and our regulators are just looking the other way. Gold/silver equity shares were weak today despite our precious metal advance. Thus we probably will have another raid orchestrated by our bankers. As far as silver is concerned, we are hearing of silver shortages in London as many countries of Eastern persuasion are taking delivery. As we pointed out to you last week, silver eagles sales have been quite brisk. We have many stories for you today but first ……………………………
Let us now head over to the comex and assess trading on Friday.
The total comex gold OI rose by 1503 contracts from 444,044 up to 445,547. The non active January contract month saw it’s OI rise by 37 contracts up to 97. We had 9 delivery notices filed on Friday so we n gained 4600 gold ounces standing for the January contract month. The next active contract month saw it’s OI fall from 215,011 down to 208,004 for a loss of 7007 contracts. Most of these guys rolled into April. The estimated volume at the gold comex on Friday was weak at 137,249. The confirmed volume on Friday was much better at 208.589.