Harvey Organ tonight@ http://harveyorgan.blogspot.ca/
Gold closed down $16.10 to finish the comex session at $1713.30. Silver which was certainly the object of interest to our bankers today, was whacked early but recovered to show a loss of only 20 cents finishing at $32.67 As I promised you yesterday a raid was imminent, and we certainly had a dandy attack today. The gold/silver mining equity shares had a terrible day yesterday and another one today. One of the big signs of an attack will happen is when the precious metal is up on the day coupled with a big drop in the mining shares. This is a signal to the bankers that a raid is forthcoming the next day.The bankers today threw a monstrous 19,182 gold contracts in a 5 minute span or 3800 contracts per minute. These were all non backed with any gold behind them. In raids such as this, in normal times,silver would have dropped by $1.50 or so on this collusive behaviour. Today however, silver held firm and refused to follow the wishes of JPMorgan and friends. A fall of only 20 cents is surely a victory for our side.
There is no question that the bankers are intent on getting gold below the $1700 mark and silver below the 32.50 level as many calls have been written on gold and silver. The bankers do not want many of these contracts to land in the money and thus the massive onslaught we witnessed today. As long as we have no referee, the bankers will be free to do anything they like. Their only problem is real physical which according to GATA has seen supplies drop dramatically in London:
