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Sept 25/gold And Silver Whacked On Options Expiry Week/huge Addition Of 5.66 Tonnes Of Gold Into Gld/gold In Backwardation For 3 Months Out In London/boehner Calls Its Quits/shortages For Silver And Gold Continue Unabated/

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harveyorganblog.com / by Harvey Organ / September 25, 2015

Good evening Ladies and Gentlemen:

Here are the following closes for gold and silver today:

Gold: $1146.00 down $7.80 (comex closing time)

Silver $15.11 down 2 cents.

In the access market 5:15 pm

Gold $1145.90

Silver: $15.11

Yesterday the comex options expired but we still have the LBMA options as well as the OTC options. Expect gold and silver to be relatively subdued until Oct 1.2015.

First, here is an outline of what will be discussed tonight:

At the gold comex today we had a poor delivery day, registering 5 notices for 500 ounces Silver saw 236 notices for 1,800,000 oz.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 213.27 tonnes for a loss of 90 tonnes over that period.

In silver, the open interest rose by 3,570 contracts as silver was up in price by 35 cents yesterday. The total silver OI now rests at 155,212 contracts In ounces, the OI is still represented by .776 billion oz or 110% of annual global silver production (ex Russia ex China).

In silver we had 236 notices served upon for 1,180,000 oz.

In gold, the total comex gold OI rose to 425,662 for a gain of 8,098 contracts. We had 5 notices filed for 500 oz today.

We had a monstrous addition of 5.66 tonnes at the GLD; thus the inventory rests tonight at 680.27 tonnes. The appetite for gold coming from China is depleting

not only gold from the LBMA and GLD but also the comex is bleeding gold. It sure looks like 670 tonnes will be the rock bottom inventory in GLD gold. 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 will be the FRBNY and the comex. In silver, we had another withdrawal of 954,000 oz of silver inventory at the SLV/Inventory rests at 318.243 million oz.

We have a few important stories to bring to your attention today…

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The post SEPT 25/GOLD AND SILVER WHACKED ON OPTIONS EXPIRY WEEK/HUGE ADDITION OF 5.66 TONNES OF GOLD INTO GLD/GOLD IN BACKWARDATION FOR 3 MONTHS OUT IN LONDON/BOEHNER CALLS ITS QUITS/SHORTAGES FOR SILVER AND GOLD CONTINUE UNABATED/ appeared first on Silver For The People.


Source: http://silveristhenew.com/2015/09/25/sept-25gold-and-silver-whacked-on-options-expiry-weekhuge-addition-of-5-66-tonnes-of-gold-into-gldgold-in-backwardation-for-3-months-out-in-londonboehner-calls-its-quitsshortages-for-silver-and/


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