SideNote: Several freinds jumped on the opportunity to stack more Silver when the bullion banks beat the price down to the $14 range. ((( KEEP STACKING ))) GRIM
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April 12, 2016 · by Harvey Organ
Today, the bankers got a good look at the real OI for today in both gold and silver (remember that OI is always reported one day late and this gives the house a huge advantage) and they decided en masse that it was necessary to orchestrate a raid. The problem of course was the fact that many investors were waiting in the wings and they gobbled up many of the huge offerings from our bankers. Over on the other side of the pond in London, physical gold and silver are disappearing off the planet and thus it is much harder for the bankers to do their usual and customary (and criminal) raids. The OI for both gold and silver no doubt will be much higher tomorrow and the bankers will need to burn the midnight oil deciding whether to raid or not.
We had another big change in the GLD, a withdrawal of 2.67 tonnes / thus the inventory rests tonight at 815.14 tonnes. The fact that gold has a huge three days, I rather suspect that the bankers need to get their hands on physical quickly and the thus raided the GLD cookie jar. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold. Our 670 tonnes of rock bottom inventory in GLD gold has been broken. It looks to me that China has taken the last amounts of physical gold from the GLD. I guess the only place left for China to receive physical gold, after they deplete the GLD will be the FRBNY and the comex.
