harveyorgan.blogspot.com / January 26, 2013
Good morning Ladies and Gentlemen:
Gold closed down by 13.10 dollars at $1656.40. Silver also fell by 52 cents to finish the week at $31.18. In the access market here are the final numbers;
Today was probably meant as a recapitulation day prior to options expiry as the bankers have freedom to carry out their criminal collusion as they know the CFTC will do absolutely nothing. The study of gold/silver trading is absolutely useless in a manipulative environment.
In physical news, the open interest on both gold and silver rose despite the raid yesterday.
However, it was the huge increase in the silver OI which must have scared the living daylights out of the bankers. No matter how hard the bankers muster an “artificial storm”, the silver leaves will not leave the silver tree.
In other physical news, the boys engaged in a class action on the silver manipulation are trying once again to file.
Swiss parliamentarians are trying to get enough support (100,000 citizen votes) in order to force Switzerland to repatriate its 1094 tonnes of gold much to the chagrin of the SNB.
Their aim is threefold:
i) repatriate the 1094 tonnes of gold wherever it is
ii) prevent the SNB from ever selling gold again
iii) forcing the SNB to purchase gold equal to 20% of official reserves in 5 years.