Gold Up/silver Down/gold Premiums Around $30.00 Shanghai Gold Vs Ny Pricing/monte Dei Paschi Nationalized: Bail In On Bondholders, Must Wait For Other Banks If They Need Recap.

DEUTSCHE BANK AND CREDIT SUISSE SETTLE WITH DOJ, BARCLAY’S GOES TO COURT/CANADA’S GDP CONTRACTS .3% DESPITE HIGHER OIL AND LOWER LOONIE/CHINA ADMITS THAT IT’S GROWTH RATE WILL BE BELOW 6.5% AND THAT CAUSED THE AUSSIE DOLLAR TO FALTER

from Harvey Organ:

In silver, the total open interest ROSE by 1223 contracts UP to 161,272 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .806 BILLION TO BE EXACT or 115% of annual global silver production (ex Russia & ex China).

FOR THE DECEMBER FRONT MONTH: 13 NOTICES FILED FOR 65,000 OZ.

In gold, the total comex gold ROSE BY 1632 contracts DESPITE THE FACT THAT WE HAD A FALL IN THE PRICE GOLD ($2.30 with YESTERDAY’S trading ).The total gold OI stands at 403,611 contracts. We are very close to the bottom with respect to OI. Generally 390,000 should do it.

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