Harvey Organ's - The Daily Gold and Silver Report

tag:blogger.com,1999:blog-47956197815578357732012-01-28T08:49:05.470-08:00Harvey Organ's - The Daily Gold and Silver ReportHarvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.comBlogger10641100tag:blogger.com,1999:blog-4795619781557835773.post-29061407690999323692012-01-28T07:58:00.000-08:002012-01-28T08:08:29.387-08:00Gold and silver rise again/Greece/Italy/Portugal/Spain all in turmoil as Fitch downgrades

Good morning Ladies and Gentlemen:Before commencing my report, here our Friday's entrants to the banking morgue:1. Bank East, Knoxville Tennessee 2. Patriot Bank of Minnesota, Forest Lake MN 3. First Guaranty Bank and Trust of Jacksonville Fla, Jacksonsville FL 3. Tennessee Commerce Bank of Franklin, TNThe price of gold rose on Friday finishing the comex session at $1731.80 up $5.80 on the

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com2tag:blogger.com,1999:blog-4795619781557835773.post-61403866083290634962012-01-26T15:45:00.000-08:002012-01-26T15:45:06.492-08:00Portugal 10 yr bond at 15%/Private PSI deal in Greece a non starter/USA raises debt ceiling to 16.4 trillion

Good evening Ladies and Gentlemen; Gold closed up today for the second straight day to the tune of $26.50 to finish the comex session at $1726.30. Silver followed her older and wiser cousin by 61 cents to $33.70. Today is options expiry so this day had saw some early resistance from the bankers but not much. Gold and silver are being viewed as a safe haven with all the noise of sovereign

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com9tag:blogger.com,1999:blog-4795619781557835773.post-75305448706200931682012-01-25T15:27:00.000-08:002012-01-25T15:32:51.664-08:00All Eyes Turning to Portugal as Greek Default a Reality/FOMC report: ZIRP until 2014

Good evening Ladies and Gentlemen; Gold closed up today by a rather large $33.60 to $1699.80. Silver also responded in kind rising by $1.16 to $33.09. Gold and silver responded with the FOMC announcement that zero rate interest policy (ZIRP) will be with us for at least until 2013 and 2014. Gold and silver were down before the announcement, but then jubilation erupted with the news sending

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com14tag:blogger.com,1999:blog-4795619781557835773.post-79490894472359783452012-01-24T15:24:00.000-08:002012-01-24T15:24:40.162-08:00European turmoil /Portugal/Illinois/

Good evening Ladies and Gentlemen: Today we had the risk is off trade as Europe is in turmoil due to the lack of progress in dealing withGreece and other PIIGS nations. They announce a deal for the new mechanism for funding yet no deal can be found written anywhere. These will be discussed in the body of the commentary but first let us head over to the comex. The price of gold closed at

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com16tag:blogger.com,1999:blog-4795619781557835773.post-43040824962206676932012-01-23T18:17:00.000-08:002012-01-23T18:17:35.176-08:00Gold and Silver advance/Euro breaks to the upside/No Greek deal

Good evening Ladies and Gentlemen: Today's commentary is will short as I have arrived home late today. The price of gold rose by $14.30 to $1678. Silver also rose by 59 cents to $32.24. I would like to caution you that we have the FOMC meeting results on Wednesday and Thursday is the dreaded options expiry. So be careful as our bankers surely raid around these events. Let us head over to the

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com16tag:blogger.com,1999:blog-4795619781557835773.post-35783539399507511912012-01-21T05:16:00.000-08:002012-01-21T05:16:50.859-08:00Raid on gold and silver rebuffed/silver rises above $32.00 in access market/No deal on Private Greek debt

Good morning Ladies and Gentlemen: Before commencing we finally witnessed 3 banks enter the banking morgue. The FDIC holiday for the boys is now over. Here are the latest entrants; 1. American Eagle Savings Bank of Boothwyn PA 2. First State Bank of Stockbridge GA 3. Central Florida State Bank, Bellview FL. may they rest in peace. end I wrote to the CFTC last night suggesting to them that

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com16tag:blogger.com,1999:blog-4795619781557835773.post-44842608943816122992012-01-19T16:32:00.000-08:002012-01-19T16:32:03.591-08:00Greece and a report on the PSI/IMFGlobal/Bank of America earnings farce

Good evening Ladies and Gentlemen: Gold closed down today to the tune of $5.40 dollars finishing the comex session at $1654.10 Silver finished down 4 cents to $30.48. Today the raid was a no brainer on behalf of the bankers as we witnessed a huge run up in open interest and that is fodder for these crooks. Gold bounced off the $1650 price level four times today. The weak gold and silver

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com8tag:blogger.com,1999:blog-4795619781557835773.post-79159716996202807762012-01-18T15:29:00.000-08:002012-01-18T15:37:07.360-08:00IMF in need for one trillion dollars/The Private Greek Bond fiasco/Goldman Sachs earnings abysmal/

Good evening Ladies and Gentlemen: Gold closed up $4.30 to 1659.00. Silver however was the star of the day rising by 41 cents to close at 30.52. The bankers tried to suppress the metals in the wee hours of the morning but failed somewhat as the metals rallied. After the London fix they tried again as they knocked gold down by 6 dollars. That failed miserably as demand is too great for

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com25tag:blogger.com,1999:blog-4795619781557835773.post-78764242311787857542012-01-17T15:56:00.000-08:002012-01-17T15:56:16.101-08:00Greek Default Imminent probably March 20,2012/LTRO next auction 1 trillion euros

Good evening Ladies and Gentlemen: Gold and silver had stellar days with gold rising by $24.80 to $1655.20 and silver finishing the day up by 36 cents to $30.11. There is still no doubt that the bankers are controlling the paper silver/gold market. Let's proceed over to the comex and assess trading there today with respect to open interest, inventory movements and amounts of precious metals

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com14tag:blogger.com,1999:blog-4795619781557835773.post-53842319908892479882012-01-14T08:14:00.000-08:002012-01-14T08:14:21.686-08:00Greece

Good morning Ladies and Gentlemen: The bankers in their great wisdom, decided to delay by one day their raid on gold and silver. On Thursday, the cartel saw the precious metals rise on a "great" auction in Europe. The rise provided extra juice for the bankers on Friday and they did not disappoint. Gold fell by $17.30 down to $1630.40. Silver was hit for a loss of 36 cents to $29.75. Bourses

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com21tag:blogger.com,1999:blog-4795619781557835773.post-90614465287941455242012-01-12T17:05:00.000-08:002012-01-12T17:05:21.169-08:00Greece/Italy/Gold rises/ MFGlobal customers will not see their money/Sears

Good evening Ladies and Gentlemen: The price of gold rose today to the tune of $8.50 to close at $1647.80. Silver on the other hand rose 23 cents to break the 30 dollar barrier to $30.07. Yesterday the gold/silver shares lagged the bullion price which is generally a signal that a raid was forthcoming. However during the night, over in Europe they had successful auctions in the Italian bonds

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com24tag:blogger.com,1999:blog-4795619781557835773.post-27576164470179491002012-01-11T15:27:00.000-08:002012-01-11T15:27:05.944-08:00German exports fall/Rumours of French downgrade/Huge gold imports into China/ ECB deposits of Euros at record levels again.

Good evening Ladies and Gentlemen: Gold closed up by $8.20 to 1639.20. Silver rose by 8 cents to $29.86. Since the gold shares have languished all day today, it is almost a certainty and the bankers will raid tomorrow. I urge you to please to do play with these crooks. There are many facilities available to buy the physical precious metals. The leverage business is now out so the only way you

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com35tag:blogger.com,1999:blog-4795619781557835773.post-33672748929675432142012-01-10T15:55:00.000-08:002012-01-10T15:55:06.995-08:00Gold advances/Ted Butler/Greece/Iran/USA now asks to raise debt ceiling officially

Good evening Ladies and Gentlemen: Gold closed: Gold is now above its 200 day moving average which on a technical basis is good news. Even though the precious metals market is manipulated this news surely bothers our bankers: Gold Storms Above 200 DMASubmitted by Tyler Durden on 01/10/2012 08:48 -0500 200 DMA Displaced Moving Average Remember when various economics professors and

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com15tag:blogger.com,1999:blog-4795619781557835773.post-26340293842401886402012-01-09T15:52:00.000-08:002012-01-09T17:27:57.868-08:00Unicredit/Raid on gold/silver/Greece/Italy/Sprott silver premiums rise to 34.22%

Good evening Ladies and Gentlemen: The price of gold fell today by $8.60 to $1607.50. Silver finished the comex session at $28.76 for a gain of 11 cents. It seems that the entire comex session is manipulated by the bankers as they hit round 3 am our time with the first London fix and generally around the second fix at 10 am our time. Once London is put to bet, the whack again knowing full well

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com38tag:blogger.com,1999:blog-4795619781557835773.post-5178150093335402892012-01-07T07:43:00.000-08:002012-01-07T07:43:02.452-08:00Greece/QEIII ready to be released in both Europe and USA/Sabre rattling between Iran and the USA

Good morning Ladies and Gentlemen: Before proceeding, I would like to state that there were no new entrants into the banking morgue last night. The FDIC's last casualties entered Dec 16.2011. The price of gold fell by $3.30 to $1616.10. Silver fell by 61 cents to $28.65. The cartel almost always whack the price of gold and silver around the jobs report and yesterday was no different. You

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com33tag:blogger.com,1999:blog-4795619781557835773.post-1220094171371625882012-01-05T16:04:00.000-08:002012-01-05T16:04:17.200-08:00The Can Is Reaching the End of the Alley/10 yr European bond yields rise/Italian over 7% again/

Good evening Ladies and Gentlemen: Gold closed today up $6.60 to finish the comex session at $1619.00. Silver also finished higher by 20 cents at $27.27. During the early hours within the Euro trading period, gold rose to its zenith at $1626 exactly at the first morning gold London fix and then the bankers went to work knocking gold all the way down to below 1600.00 dollars. However that was

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com32tag:blogger.com,1999:blog-4795619781557835773.post-44303043500203139202012-01-04T15:19:00.000-08:002012-01-04T15:19:19.439-08:00Record Deposits at ECB?Hungary CDS hit record levels/Italy and Spanish bonds rise again

Good evening Ladies and Gentlemen: Gold closed today at $1612.00 for a gain of $12.30. Silver fell by 46 cents to $29.07 falling in sympathy with the drop of bourses in Europe. The Dow recovered late in the day. Today we witnessed the Euro deposits at the central banks climb to record levels as the banks shun the carry trade of LTRO. Actually it is a carry trade in reverse as the banks have

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com20tag:blogger.com,1999:blog-4795619781557835773.post-71854719144476550092012-01-03T16:07:00.001-08:002012-01-03T16:11:56.096-08:00The Fun Begins

Good evening Ladies and Gentlemen: Today Gold blasted off like a rocket and finished the comex session at $1599.70 up 33.70 dollars.Silver on a percentage basis fared much better rising by $1.66 to $29.53. Today we have war of words between the USA and Iran on ships passing through the Straits of Hormuz. And also we had rumblings from Greece warning the EU to pay up or else Greece returns to the

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com17tag:blogger.com,1999:blog-4795619781557835773.post-3555098758077090032011-12-31T07:07:00.000-08:002011-12-31T07:07:20.103-08:00Gold and Silver rebound/Gold finishes up 11% on the year/

Good morning Ladies and Gentlemen: Gold finished the comex session at $1566.00 up $20.90 on the day. Silver finished at $27.91 up 64 cents. In the access market, here are the final prices for the metals this year: gold: $1566.40 silver: $27.86 The markets were very quiet ahead of the New Years holiday weekend. However when everybody returns on Tuesday expect massive volatility on all bourses

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com13tag:blogger.com,1999:blog-4795619781557835773.post-52011150093753322142011-12-29T16:03:00.000-08:002011-12-29T16:03:26.960-08:00Raid on silver and gold fails/Poor Italian 10 yr auction/rumours of global QE to infinity.

Good evening Ladies and Gentlemen: I hope that all of you were not blinded by the antics of the banks as they threw a tantrum this week as they are trying desperately for you to sell to them all of physical metals that you wish to depart with. The paper shorting accomplished nothing as you will see below. The bankers have nobody to play with so they are playing with themselves selling all the

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com15tag:blogger.com,1999:blog-4795619781557835773.post-62499318835548380422011-12-28T15:57:00.000-08:002011-12-28T16:05:06.871-08:00Italian bonds return to 7%. Markets plummet/Raid on gold and silver

Good evening Ladies and Gentlemen: Today bourses around the globe were in the red as many see the insolvency of the situation and not the lack of liquidity. The German Dax was down over 2% and the Dow fell by 140 points. Our bankers hit paper gold and paper silver down big time as they knew that they have no opposition in the paper field due to investors leaving the comex because of the

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com23tag:blogger.com,1999:blog-4795619781557835773.post-50726978342504112662011-12-27T15:38:00.000-08:002011-12-27T17:52:44.596-08:00Japan in serious debt problems/Sears/LTRO euros heading straight back to ECB/ gold and silver raid

Dear Ladies and Gentlemen: (amended commentary to include inventory movements) Gold closed today at $1594.20 down $10.00 on the day. Silver followed suit down 35 cents to $28.70Since the MF GLobal scandal the bankers are having full control over the futures on gold/silver as volumes completely dry up. It is very strange that again for the second straight session there have been no updates

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com21tag:blogger.com,1999:blog-4795619781557835773.post-78669076293425045672011-12-27T15:35:00.001-08:002011-12-27T15:35:58.339-08:00Japan in serious debt problems/Sears/LTRO euros heading straight back to ECB/ gold and silver raid

Gold closed today at $1594.20 down $10.00 on the day. Silver followed suit down 35 cents to $28.70Since the MF GLobal scandal the bankers are having full control over the futures on gold/silver as volumes completely dry up. It is very strange that again for the second straight session there have been no updates on inventory movements. The last reporting session was 22nd of December. I checked

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com0tag:blogger.com,1999:blog-4795619781557835773.post-11606682616663420512011-12-27T15:28:00.000-08:002011-12-27T15:32:20.524-08:00Japan in serious debt problems/Sears/LTRO euros heading straight back to ECB/ gold and silver raid

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com0tag:blogger.com,1999:blog-4795619781557835773.post-34570942364941101542011-12-24T05:52:00.000-08:002011-12-24T05:52:27.690-08:00Gold Deleveries Record Level/Central banks purchase Record Levels of Gold

Good morning Ladies and Gentlemen: The price of gold finished down by $5.20 to close the comex session at $1604.20. Silver was higher most of the day yesterday but succumbed to finish only 5 cents higher at $29.05. In the access markets, here are the closing prices for gold and silver: Gold: $1607.00 Silver: $29.13 Europe and USA are printing their currencies with reckless abandon.

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com22tag:blogger.com,1999:blog-4795619781557835773.post-92050296221269059202011-12-22T15:55:00.000-08:002011-12-22T15:55:58.301-08:00JIM Willie/Gold and Silver mini Raid/

Good evening Ladies and Gentlemen: Today's commentary will be a little short as I want all of you to concentrate on the Jim Willie article written this morning. Gold closed down by $3.00 to $1609.90. Silver also fell by $.30 to $29.00 Jim Willie has some data as to what is happening on the gold and silver front and it may not be banker cartel related. The total comex gold OI fell by 2433

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com26tag:blogger.com,1999:blog-4795619781557835773.post-59044723340859657502011-12-21T16:51:00.000-08:002011-12-21T16:51:11.385-08:00LTRO in Europe: a touch less than 500 billion euros printed first day/gold and silver hold on minor raid

Good evening Ladies and Gentlemen: Today's commentary will be kind of short as really there is not that much action due to the Christmas season. There are further developments in the MFGlobal scandal that I will highlight for you. Gold finished the comex session at $1611.90 down $3.70. Silver fell by 30 cents to $29.19. Both metals fell instantly on news of a huge 500 billion LTRO that I

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com9tag:blogger.com,1999:blog-4795619781557835773.post-55923382480625090702011-12-20T15:10:00.000-08:002011-12-20T15:10:00.518-08:00Risk on Trade/stock market rallies/Gold and silver rise/LTRO in full swing

Good evening Ladies and Gentlemen: Today the risk trade was on and as such the stock markets around the globe rallied big time on no news whatsoever. Gold finished the comex session at $1615.60 up $21.38 on the day. Silver rebounded 73 cents to $29.50. We are not finished yet with all of our gold and silver bashing by our illustrious bankers. Let us head over to the comex and see how trading

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com15tag:blogger.com,1999:blog-4795619781557835773.post-38824299628581062382011-12-19T16:18:00.000-08:002011-12-19T16:21:51.151-08:00The Dow fails to hold onto gains/Bank of America in danger of falling below 5.00 dollars/gold and silver withstand another raid

Good evening Ladies and Gentlemen. The price of gold today held its position despite a raid by the bankers. It finished at $1594.40 for a loss of $1.20. The price of silver was under attack all day and it finished the comex session at$28.77 down 85 cents. The Dow finished the trading session down 100 points but all eyes are on Bank of America. If this stock falls below 5.00 dollars then it is

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com20tag:blogger.com,1999:blog-4795619781557835773.post-66532201159501852602011-12-17T05:38:00.000-08:002011-12-17T05:38:01.110-08:00Huge gold deliveries/More sovereign downgrades/

Good morning Ladies and Gentlemen: After a 3 week hiatus, the FDIC decided to best to place two banks into the morgue: Bank NameCityStateCERT # Western National BankPhoenixAZ57917 Premier Community Bank of the Emerald CoastCrestviewFL58343 end. Friday saw the stock market initially rally into triple digit gains by the Dow but as the day wore on, selling commenced and finally the Dow

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com27tag:blogger.com,1999:blog-4795619781557835773.post-57911172800174465312011-12-15T16:23:00.000-08:002011-12-15T20:24:38.962-08:00Part A

Good evening Ladies and Gentlemen: (amended) I do not have much time so I will write the comex section and then later tonight I will include the big stories Gold closed down $10.10 to $1574.20 as the European turmoil continues. Silver went up by 35 cents to $29.22. The total gold comex OI mysteriously rose by 8299 contracts despite the massive whacking these past two days. The bankers were

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com8tag:blogger.com,1999:blog-4795619781557835773.post-75995731250828046342011-12-14T16:49:00.000-08:002011-12-14T18:15:02.341-08:00Negative Lease rates continue/gold and silver bombed as Europe runs out of USA dollars.

Good evening Ladies and Gentlemen: Today the lease rate for one month lease on gold went to negative 1/2%. In other words, the central bank pays the bullion bank to borrow gold. The following market indications are provided courtesy of the London Bullion Market Association Dec 05, 2011 GoldForward RateLease Rate 1 month0.79667-0.52257 2 month0.80500-0.41330 3 month0.81000-0.27610 6

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com40tag:blogger.com,1999:blog-4795619781557835773.post-58674512906295306902011-12-13T15:48:00.000-08:002011-12-13T15:48:00.228-08:00Shear Lunacy!!

Good evening Ladies and Gentlemen: The stock market reversed course on news that Merkel will not increase any bailout funds for Europe. This caused the Euro to tumble and caused bourses to falter. (courtesy zero hedge). EUR Tumbles To Lows On Report Merkel Rejects Raising Upper Limit On ESM Bailout MechanismSubmitted by Tyler Durden on 12/13/2011 10:32 -0500 RANSquawk Reuters Having

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com51tag:blogger.com,1999:blog-4795619781557835773.post-25979122823708210522011-12-12T16:55:00.000-08:002011-12-12T16:55:01.562-08:00Sheer Bedlam/gold and silver attacked/bourses around the world fall in price

Dear Ladies and Gentlemen: Today bourses around the globe plummeted as many have figured out that the Friday accord was really a phony and would not solve the economic crisis in Europe. No doubt today we had many getting out of GLD/SLV and into real metals. Confidence is now beginning to wane. The price of gold finished the session at $1664.20 down $47.80 dollars. The price of silver fell to

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com22tag:blogger.com,1999:blog-4795619781557835773.post-32359649307135089442011-12-10T07:14:00.000-08:002011-12-10T07:36:36.095-08:00Extremely Important: More Fallout on Re-Hypothecation: physical gold/silver rehypothecated

Good morning Ladies and Gentlemen: I will spend more time on the huge re-hypothecation story that is gripping the nation as it has huge implications for all of us. Yesterday, a lawsuit arose between HSBC (with client Jason Fane) vs MFGlobal (trustee) on ownership of bars registered in the name of the client who had asked the storage operator, HSBC to ship the gold to another warehouse Brinks.

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com55tag:blogger.com,1999:blog-4795619781557835773.post-71336113885099218352011-12-10T07:03:00.001-08:002011-12-10T07:07:14.332-08:00Extremely Important: More Fallout on Re-Hypothecation: physical gold/silver rehypothecated

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com1tag:blogger.com,1999:blog-4795619781557835773.post-17438307073004981232011-12-10T07:00:00.000-08:002011-12-10T07:00:25.069-08:00Extremely Important: More Fallout on Re-Hypothecation: physical gold/silver rehypothecated

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com1tag:blogger.com,1999:blog-4795619781557835773.post-77524513564138409032011-12-08T15:58:00.000-08:002011-12-08T15:58:33.019-08:00Bourses around the world fall/gold and silver hit with another raid/A must read commentary on the shadow banking industry/

Dear Ladies and Gentlemen: Markets around the globe sputtered today into the raid as it seems that no agreement to the Euro crisis is at hand. Zero hedge comments on the shadow banking system which has now ground to a halt. The headquarters for the shadow banking system is London England which allows one to hypothecate customer funds and re-hypothecate this over and over again. When the daisy

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com38tag:blogger.com,1999:blog-4795619781557835773.post-15921064623839885202011-12-07T16:23:00.000-08:002011-12-07T16:38:13.168-08:00Gold and Silver rise/waiting for resolution from Europe on Dec 9/ Tomorrow testimony from MFGlobal's Jon Corzine

Good evening Ladies and Gentlemen: Gold and silver had a good day today waiting patiently for news from Europe on how they can going to tackle their huge sovereign debts. Thus we are just marking time waiting for news to emanate from the EU leaders. Gold finished the comex session at $1740.90 up 13 dollars on the day. Silver on the other hand was held back finishing the day down 11 cents to

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com27tag:blogger.com,1999:blog-4795619781557835773.post-56405577831969983242011-12-06T16:45:00.000-08:002011-12-06T16:45:20.769-08:00Gold and silver rebound/OI on silver and gold continue to fall/investors go straight to mining companies for metal

Good evening Ladies and Gentlemen: The banking cartel showed up for work today in the wee hours of the morning. They knocked gold down to around $1701.00 and silver below $31.50 but both metals clawed their way back close to positive territory in gold and firmly in positive territory in silver. Gold finished the comex session at $1727.90 down $2.80 whereas silver finished up 36 cents to $32.67

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com26tag:blogger.com,1999:blog-4795619781557835773.post-36678621821176184872011-12-05T15:06:00.000-08:002011-12-06T03:55:54.215-08:00Another Min Raid on gold and silver/Conditions deteriorate in Europe

Good evening Ladies and Gentlemen: amended to include inventory movements) Everybody is now waiting for the big EU summit where the boys will decide how they are going to save the Euro. I doubt if anything will be accomplished. On Friday we witnessed gold and silver rise. However the equity shares lost considerably on Friday, which is a sure sign of an attack which usually follows the day

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com17tag:blogger.com,1999:blog-4795619781557835773.post-1224862407755478132011-12-03T05:39:00.000-08:002011-12-03T05:39:59.535-08:00Huge Gold deliveries/Low Silver OI/Job report/More Fallout MFGlobal

Good morning Ladies and Gentlemen: Before beginning, I would like to inform you that no USA bank entered the morgue last night. The FDIC decided to give the boys two extra weeks off due to their hard work for the past several months. The bankers were surely ready with their fat fingers on the sell buttons in gold and silver as soon as the non farm payrolls were announced and they were weaker

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com20tag:blogger.com,1999:blog-4795619781557835773.post-91596736553929659312011-12-03T05:35:00.000-08:002011-12-03T05:35:17.222-08:00Strange COT report/extreme lows in silver OI/massive increase in gold oz standing

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com0tag:blogger.com,1999:blog-4795619781557835773.post-25559454861306045132011-12-01T15:50:00.000-08:002011-12-01T15:50:00.720-08:00The Big Jobs Report Tomorrow so gold/silver bombed/Mass.Attorney General files massive suit against 5 banks

Good evening Ladies and Gentlemen: Tomorrow is the jobs report and true to form the bankers went to work shorting gold and silver right after the 2nd London fix. This has been their modus operandi for years and today is no different. The price of gold finished the comex session at $1735.40 down $10.20 on the day. Silver held on pretty good but succumbed to late trading going into the red to

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com53tag:blogger.com,1999:blog-4795619781557835773.post-81526675515446387002011-11-30T16:56:00.000-08:002011-11-30T17:08:18.426-08:00Fed supplies Massive Liquidity to the World/Massive Gold delivery notices and huge gold oz. standing, large silver oz standing

Good evening Ladies and Gentlemen: I guess you all heard that the Fed (backstopped by the USA taxpayer) supplied massive liquidity to the world today by entering into swap arrangements with various central banks. As I have mentioned to you on previous occasions, we do not have a liquidity problem but a solvency problem. This only kicks the can down the road for another couple of months. The

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com8tag:blogger.com,1999:blog-4795619781557835773.post-51594205922157147882011-11-30T16:38:00.000-08:002011-11-30T16:50:15.706-08:00Fed supplies Massive Liquidity to the World/Massive Gold delivery notices and huge gold oz. standing, large silver oz standing

Good evening Ladies and Gentlemen:I guess you all heard that the Fed (backstopped by the USA taxpayer) supplied massive liquidity to the world today by entering into swap arrangements with various central banks. As I have mentioned to you on previous occasions, we do not have a liquidity problem but a solvency problem. This only kicks the can down the road for another couple of months. The

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com3tag:blogger.com,1999:blog-4795619781557835773.post-21441705734600753022011-11-29T17:23:00.000-08:002011-11-29T19:04:45.546-08:00Gold steady and Silver down a touch/First day notice tomorrow.

Good evening Ladies and Gentlemen: Today the gold market advanced marginally as we head into first day notice tomorrow. Gold rose by $4.20 to $1715.00. Silver on the other hand felt pressure by the naked bankers as it fell by 33 cents to $31.83. Markets around the world were up a bit as the risk trade was on and thus, gold up, dollar down,euro up, and stock market up. Let us head over to the

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com23tag:blogger.com,1999:blog-4795619781557835773.post-37737821721480625322011-11-28T15:59:00.000-08:002011-11-28T18:37:30.509-08:00Gold and Silver Rise/Markets rebound on positive Black Friday results

Good evening Ladies and Gentlemen: (amended commentary) The stock market was primed to rebound with news of good "Black Friday" sales and also reports that the IMF is contemplating spending 800 billion euros to rescue Europe. This has no chance of happening but the Dow rose close to 300 points on the rumour. Let us head over to the comex and see what transpired today. The price of gold rallied

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com13tag:blogger.com,1999:blog-4795619781557835773.post-55849701417105158892011-11-26T05:32:00.000-08:002011-11-26T05:32:53.260-08:00Italian bonds reach 7.26% yield/record levels for Belgium and Spanish bonds/raid on gold and silver

Good morning Ladies and Gentlemen: Before commencing, no banks entered the morgue ahead of the long Thanksgiving holiday weekend. The FDIC decided to give the boys an extra week's holiday due to their strenuous activity for the past year. The price of gold finished the comex session bat $1685.50 down $10.20 on the day. Silver continues to be a punching bag closing down 86 cents to $31.02.

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com22tag:blogger.com,1999:blog-4795619781557835773.post-13290718151431479912011-11-23T16:36:00.000-08:002011-11-23T16:48:26.096-08:00Gold and silver Raid/Failed German Auction/Europe and USA stocks tumble

Good evening Ladies and Gentlemen: Gold closed today down $6.50 to $1695.70 surviving another round of banker raids as they try and stop the option holders from exercising contracts and standing for delivery of metal. The price of silver served as a punching ball to the bankers falling by $1.07 to $31.88. The total gold comex open interest fell by 3317 contracts (from 460,387 to 457,070) as

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com20tag:blogger.com,1999:blog-4795619781557835773.post-21235024293696810402011-11-22T16:14:00.000-08:002011-11-22T18:09:40.760-08:00Massive Silver leaves Eligible (customer) vaults/gold and silver rise

Good evening Ladies and Gentlemen: Gold rose today despite turmoil in Austria, Hungary, and France. The closing gold price on the comex today was $1702.20 for a gain of $23.90. The price of silver rose by $1.84 to $32.95. The big news was the massive silver withdrawal by the customer which I will highlight for you in the body of my commentary. Due to the MFGlobal scandal nobody deems that

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com17tag:blogger.com,1999:blog-4795619781557835773.post-62927578708323657542011-11-21T15:45:00.000-08:002011-11-21T15:45:21.763-08:00Massive raid on silver and gold as options expiry tomorrow/More on MFGlobal/Jeffries/

Good evening Ladies and Gentlemen: Tomorrow is options expiry on the December contract so the bankers orchestrated an all out assault on the paper gold/silver comex market. This will probably continue until first day notice. As I told you many times, do not play with these crooks as they will fleece you every time as the regulators are in bed with the perpetrators. The price of gold finished

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com16tag:blogger.com,1999:blog-4795619781557835773.post-50993650046098847432011-11-19T06:19:00.000-08:002011-11-19T15:07:56.683-08:00Margin hikes again at CME/Gold and silver rebuff attacks/Big lawsuit filed against banks on MFGlobal scandal

Good morning Ladies and Gentlemen: Before commencing my commentary, I would like to introduce to you two new entrants into our banking morgue, having taken their last breath Friday night: (courtesy: the street) Two Banks Fail; 2011 Tally at 90By Philip van Doorn11/18/11 - 08:36 PM EST Add Comment inShareWASHINGTON (TheStreet) -- Two banks were closed by regulators Friday evening, bringing

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com16tag:blogger.com,1999:blog-4795619781557835773.post-47166985318296030972011-11-17T16:30:00.000-08:002011-11-17T16:30:46.735-08:00European bonds rise in yield/another gold and silver raid

Good evening Ladies and Gentlemen: The world today experienced a frozen liquidity squeeze as bankers refuse to loan any money to other bankers. The USA provided emergency swap relief as the global meltdown continues. The bankers are now trying desperately to obtain whatever physical they can and thus they raid the paper comex. The price of gold fell by 53.20 dollars to $1720.60 Silver also

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com26tag:blogger.com,1999:blog-4795619781557835773.post-23543661988847256532011-11-16T16:21:00.000-08:002011-11-16T16:21:08.106-08:00Federal Debt Officially Pass 15 Trillion/Raid on Gold and Silver/More on MFGlobal

Good evening Ladies and Gentlemen: I would like to announce to you that we officially surpassed the 15 trillion dollar federal debt level.Since the GDP is also around 15 trillion dollars, we are now at a Debt/GDP level of 1:1. The Debt to the Penny and Who Holds It( Debt Held by the Public vs. Intragovernmental Holdings ) CurrentDebt Held by the PublicIntragovernmental HoldingsTotal Public

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com26tag:blogger.com,1999:blog-4795619781557835773.post-45288341937573952772011-11-15T16:13:00.000-08:002011-11-15T16:16:36.883-08:00Italian Bond Yields Surpass 7% again/Spanish bonds rise to 6.34%/Belgium bonds close to 5%

Good evening Ladies and Gentlemen: I was suspecting a bloodbath today in North American markets due to the Italian 10 yr bond rising above 7% today. This was coupled with Spanish 10 yr bonds surpassing 6% and Belgium bonds approaching the 6%. Even Austrian bonds rose due to problems with their banks as these guys have been the providers of credit to Eastern Europe. However the stock markets in

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com18tag:blogger.com,1999:blog-4795619781557835773.post-80355035355450123852011-11-14T16:52:00.000-08:002011-11-14T16:55:39.218-08:00Italian bond auction fails/Spanish 10 yr yields reach 6%/Greek problems continue

Good evening Ladies and Gentlemen: Today the risk trade was off as the dollar rebounded, gold was hit a bit and the Dow fell by over 74 points. We will explore the Italian bond auction/the Greek problem as 8 billion euros worth of bonds come due on Dec 8.2011 and next week, we need a decision on the USA deficit reduction. However let us head over to the comex and assess trading today. The gold

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com12tag:blogger.com,1999:blog-4795619781557835773.post-32136527351267721652011-11-12T07:25:00.000-08:002011-11-12T07:25:30.614-08:00Gold and Silver rise as Risk "off"/MF Global Canada bankrupt/Turmoil continues in Italy

Good morning to you all: Before we start, let me introduce to you our latest casualty that entered the morgue on Thursday night as the FDIC let their troops off for a long weekend: Georgia Sees State's 23rd Bank Failure of 2010Jim Burress (2011-11-11)Listen Now:ATLANTA, GA (WABE) - Regulators Thursday seized and closed Community Bank of Rockmart. Community Bank of Rockmart will reopen

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com13tag:blogger.com,1999:blog-4795619781557835773.post-51349391174276862692011-11-10T20:12:00.000-08:002011-11-10T20:15:02.469-08:00Gold and Silver withstand Raid/Marking time for Europe to implode

Good evening Ladies and Gentlemen: Tonight's commentary will be shorter than usual due to the fact that I had to attend some pharmaceutical meetings. Gold closed today's comex session at $1758.90 down 32.00 dollars on the day. Silver on the other hand held up quite well falling by only 29 cents to $34.09. Basically we had no real news to sway the markets as we are marking time on the Italian

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com12tag:blogger.com,1999:blog-4795619781557835773.post-40538179791130964852011-11-09T16:25:00.000-08:002011-11-10T03:52:51.533-08:00Italy in bond freefall/ Bond yield surpasses 7.3% on 10 yr/Jefferson county files for chapter ll

Good evening Ladies and Gentlemen: amended Today was a wild day with the stock market falling by close to 400 points due to the continuing bond problems over in Italy. Late this evening, Jefferson county filed for chapter 11. I will be going over many stories on this front, plus the MF Global scandal but first let's head to the comex and see how things fared over there today. The price of

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com19tag:blogger.com,1999:blog-4795619781557835773.post-59596866232587461812011-11-08T16:10:00.000-08:002011-11-08T16:10:52.134-08:00Berlusconi set to resign as the world focuses on Italy/Gold rises to $1798.40/silver: $35/14

Good evening Ladies and Gentlemen: Gold closed today up $8.10 to $1798.40 as the bankers threw everything at the comex today trying to stop gold's advance beyond the 1800 dollar mark. There is no question that the bankers set this line in the sand as their ultimate defense shield. Silver also blew past the magical 35 dollar barrier with ease closing at $35.14.However the clueless bankers raided

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com8tag:blogger.com,1999:blog-4795619781557835773.post-57946730909974989052011-11-07T18:16:00.000-08:002011-11-07T18:16:38.102-08:00Italian bonds surpass 6.6%/Italian 2 yr yields approach 10 yr yield as yield curve inverts/gold and silver advance

Good evening Ladies and Gentlemen: The price of gold rose to $1790.30 for a gain of 35 dollars. The price of silver advanced by 74 cents to close at $34.81. This is comex closing time. In the access market right now at 5 pm est: gold: $1795.60 silver: $ 34.98 Today we witnessed the Italian 10 yr bonds yield 6.6%. I cannot see how Italy will get out of their mess as in early December they

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com10tag:blogger.com,1999:blog-4795619781557835773.post-82371795207982867292011-11-05T04:45:00.000-07:002011-11-05T04:45:15.933-07:00Greek problems continue/MF Global funds found at JPMorgan (commingling)/Problems with Erste bank in Austria

Good morning Ladies and Gentlemen; I wrote the title of my commentary at around 6 pm Friday. I am going to add another sub-title: the nuclear button has been pressed. We are at DEFCON nuclear!! You will see why. Events are happening at lightening speed with respect to the European problems in Greece, in Italy as its 10 year bond yields surpass the 6.4% (and the spread between 10 yr German

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com23tag:blogger.com,1999:blog-4795619781557835773.post-15628354977290953732011-11-03T16:27:00.000-07:002011-11-03T16:27:40.000-07:00More Fallout from MFGlobal/EU surprises with a rate cut/Chinese silver investment goes Parabolic/silver and gold rise

Good evening Ladies and Gentlemen: Gold finished the comex session at $1764.20 up a full $35.50. Silver also had a good day rising by 56 cents to $34.48. The spark today was the surprise rate cut by the ECB by a quarter of a point to 1.25% from 1.5%. Australia also cut their bench mark interest rate as we are now seeing global finances in turmoil. I will discuss these and more details on the

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com23tag:blogger.com,1999:blog-4795619781557835773.post-84415788849282849252011-11-02T14:42:00.000-07:002011-11-02T21:07:44.399-07:00FOMC meeting results: interest rates to remain at zero/ EFSF pulls 3 billion bond issue/Greece turmoil

Good evening Ladies and Gentlemen: (amended) Today we had the conclusion of the two day FOMC meeting and as expected, Bernanke left interest rates alone at 0%. He said that the economy is picking up ( ???) but unemployment is a major concern. As the stock markets have not gone into triple digit declines, he decided that "real QEIII" is not ready yet even though deficits this year should climb

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com13tag:blogger.com,1999:blog-4795619781557835773.post-47365747416392968762011-11-01T17:04:00.000-07:002011-11-01T17:04:28.009-07:00Turmoil at MF Global/Official states firm Co Mingled funds/gold and silver decoupled from the Dow

Good evening Ladies and Gentlemen: Turmoil continues in the aftermath of the MF Global Bankruptcy. An official from the firm today confirmed that the company co mingled customer funds with their own. Many will be afraid to invest funds in the stock market for fear that the management at these financial giants will steal from them. We will discuss this in detail in the body of my commentary: (

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com20tag:blogger.com,1999:blog-4795619781557835773.post-71979797460450096182011-10-31T17:13:00.000-07:002011-10-31T17:13:22.031-07:00MF Global files for bankruptcy/Questions on Obama Legitimacy/silver and gold raid

Good evening Ladies and Gentlemen: Today the price of gold fell by $22.00 to $1724.20 as the bankers decided to raid in concert with an intervention by the Japanese to lower their Yen. The price of silver followed suit down by 93 cents to $34.34. The big news of the day is the bankruptcy filing by MFGlobal a huge trading firm under the direction of former Goldman Sachs CEO and also the former

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com44tag:blogger.com,1999:blog-4795619781557835773.post-53466937913608977562011-10-29T08:34:00.000-07:002011-10-29T15:48:20.421-07:00Already troubles brewing with new European "Deal"/gold steady/ silver rise

Good morning Ladies and Gentlemen: Today will be very important with respect to Europe. Take your time on all the big stories. Gold finished the comex session at $1746.20 down 1/2 a dollar on the day. Silver refused to buckle on the day as this poorer cousin of gold advanced 16 cents to $35.27 There are many developments at the comex that I wish to point out to you as you endeavor to purchase

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com19tag:blogger.com,1999:blog-4795619781557835773.post-42992711964253459552011-10-27T17:25:00.000-07:002011-10-27T17:25:57.740-07:00We are saved again by more paper injection/gold and silver rebound to score higher levels

Good evening Ladies and Gentlemen: Quite a day day. Europe announced a plan for saving the continent and Greece. Gold was set to be "clocked" as yesterday the gold/silver shares were down from earlier highs coupled with the lackluster performance of silver. These are usually the signals for the banking raid. Sure enough at 3 am, the bankers whacked gold but had lots of trouble hitting silver.

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com13tag:blogger.com,1999:blog-4795619781557835773.post-52113247272573531272011-10-26T17:26:00.000-07:002011-10-26T17:26:19.004-07:00Rumours that EFSF to be Leveraged "several" fold/gold and silver rise

Good evening Ladies and Gentlemen: We are in the rumour mill stage with respect to Europe. Today we heard that Europe is now planning on a leveraged EFSF that will bail out the banks and supply enough Euros to firewall Italy and Spain. The problem is that this will lead to a huge hyperinflation and increase the risk of systemic failures throughout the globe. I will present you articles on this

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com14tag:blogger.com,1999:blog-4795619781557835773.post-60374268512477818742011-10-25T16:01:00.000-07:002011-10-25T16:01:07.464-07:00Tomorrow's EU summit meeting cancelled/gold and silver skyrocket on the news

Good evening Ladies and Gentlemen: Gold and silver skyrocketed with the news of the cancellation of the European summit meeting tomorrow as nobody could come to agreements on the recapitalization of all the banks in trouble and on the Greek debt haircut to be administered to all holders of their debt. I will go over this in the body of my commentary. First let us head over to the comex and see

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com21tag:blogger.com,1999:blog-4795619781557835773.post-82291948903570067212011-10-24T15:11:00.000-07:002011-10-24T15:11:30.891-07:00No agreement with respect to Europe/Greece will fail/gold and silver steady.

Good evening Ladies and Gentlemen: First of all, I may not have enough time to write this weeks commentary from Tuesday through til Thursday as I have to attend to important developments on my side. I will definitely report to you on Saturday. If I do have time, I will write a commentary. The most important day to mark on your calenders will be this Wednesday as we will probably see that

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com12tag:blogger.com,1999:blog-4795619781557835773.post-76802113221686161432011-10-22T05:49:00.000-07:002011-10-22T05:49:16.334-07:00Gold and silver rebound/Fed Vice Chairman:QEIII needed/

Good morning Ladies and Gentlemen: Before commencing with our commentary, let me introduce to you our latest entrants into the banking morgue: 1.Community Banks of Colorado, Greenwich Village, Co 2.Community Capital Bank, Jonesboro, GA 3.Old Harbour Bank, Clearwater, FL 4.Decatur First Bank, Decatur GA. May they rest in peace. The price of gold rose by $24.20 to $1636 with silver tagging

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com17tag:blogger.com,1999:blog-4795619781557835773.post-20082705219597168322011-10-20T17:22:00.000-07:002011-10-20T17:25:06.927-07:00Explanation on Position Limits/Exemptions/Bank of America loses big case on 8.5 billion settlement/gold and silver raid

Before commencing with my commentary I would like to present to you Bart's email to me on position limits and the elimination of the phony exemptions: (courtesy Bart Chilton) The spot month limits go into effect in 60 days after we define swaps, which we are set to do on Nov. 1st. The all month and aggregate limits (which will include swaps) is 12 months after the initial limits. We do not

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com19tag:blogger.com,1999:blog-4795619781557835773.post-75131548588844639552011-10-19T15:13:00.000-07:002011-10-19T15:13:53.362-07:00Bart ready to speak his mind on the CFTC mess/Germany,France in disagreement as to how to aid the EFSF

Good evening Ladies and Gentlemen: Gold fell today by $5.80 to $1646.00 as the bankers continue their relentless attack on the precious metals. Silver may be the target of their interest due to the new position limits and elimination of the phony exemptions. The detail in the new legislation is in the fine print and many are going over the details and we will report them as they come in. Silver

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com28tag:blogger.com,1999:blog-4795619781557835773.post-71494507504468889352011-10-18T16:04:00.000-07:002011-10-18T20:36:48.028-07:00CFTC imposes Position Limits and ends phony exemptions/gold and silver rebound from a massive raid

Good evening Ladies and Gentlemen:( amended) Last night Bart Chilton emailed me and stated that he had the necessary votes to implement position limits on the precious metals. More importantly the CFTC will remove the phony exemptions. The bankers must now prove the existence of metal in other jurisdictions backing up their massive shorts. The next few months should be interesting. I will go

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com28tag:blogger.com,1999:blog-4795619781557835773.post-46784900716800564722011-10-17T17:18:00.000-07:002011-10-17T17:18:38.168-07:00Occupy Wall Street/Occupy Denver/ Occupy almost all major cities/ Fraudulent earnings report on Citibank

Good evening Ladies and Gentlemen: Before starting, I forgot to include on Saturday the fact that we had 4 banking failures on Friday night. Courtesy of Jim Sinclair, here are the newest entrants to the morgue: Bank Closing Information October 14, 2011 These links contain useful information for the customers and vendors of these closed banks.Country Bank, Aledo, IL First State Bank, Cranford,

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com12tag:blogger.com,1999:blog-4795619781557835773.post-17525114587816264482011-10-15T05:34:00.000-07:002011-10-15T05:34:39.308-07:00Solid Day for Gold and Silver/Dexia bailout dead in the water/Foreigners redeem massive treasuries

Good morning Ladies and Gentlemen: Gold closed Friday afternoon at $1681.80 up $14.50. Silver rose by 51 cents to $32.14. The bankers are trying desperately to contain our two precious metals from rising. With the Dow rising, the fat fingers were not on the sell buttons that much. Let us head over to the comex and see how trading fared: The total gold comex OI fell by 3958 contracts to

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com15tag:blogger.com,1999:blog-4795619781557835773.post-4461695890817007732011-10-13T15:46:00.000-07:002011-10-14T03:59:19.484-07:00Risk Off Trading Today/Gold and silver hold their own/Earnings at JPMorgan suspect

Good evening Ladies and Gentlemen: amended It seems that the risk is on today as gold and silver were hit as well as global bourses. The whole world is waiting for results from the G7 on how they are going to handle the Greek problem. Merkel and Sarkozy promised us a definitive plan by the end of the month and a blueprint with this weekend's G7 meetings. Gold finished the comex session at

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com19tag:blogger.com,1999:blog-4795619781557835773.post-64059946194645033132011-10-12T18:03:00.000-07:002011-10-12T18:14:17.851-07:00Slovakia passes new version of EFSF/gold and silver hold steady

Good evening Ladies and Gentlemen: Gold closed today at $1681.30 up a full $21.60 on the day. Silver advanced another 80 cents closing at $32.75 The Euro rose with news that Slovakia had another meeting and they agreed to back the EFSF current bailout format in return for early elections: Slovakia Clears Road to Completing Euro Bailout Fund ApprovalOctober 12, 2011, 6:22 PM EDT By Radoslav

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com5tag:blogger.com,1999:blog-4795619781557835773.post-53849807610861068572011-10-11T16:41:00.000-07:002011-10-11T16:41:24.070-07:00Gold and silver ounces for October delivery rises/Vote ongoing in Slovakia

Good evening Ladies and Gentlemen: Gold today was whacked by the bankers at the usual 3 am time slot as gold was hitting $1684 at that time. The bankers were trying to quell the huge demand for physical metal You can see for yourself the demand for gold and silver by reviewing the comex data. The price of silver refused to buckle as it rose by one cent to $31.96 Let us head over to the

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com11tag:blogger.com,1999:blog-4795619781557835773.post-58793391188662092612011-10-10T14:44:00.000-07:002011-10-10T14:44:14.211-07:00Gold and Silver rise/Dexia bank nationalized

Good evening Ladies and Gentlemen: Today is a holiday in Canada and Columbus day in the USA so trading was very thin. The big news was the carving up of Dexia Bank in Belgium/France and a new plan by Sarkozy and Merkel to save the Euro and Greece which will come at the end of the month...another "plan to plan". This will not work as the global financial scene will implode. Let us head over to

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com11tag:blogger.com,1999:blog-4795619781557835773.post-58326819324882093432011-10-08T21:46:00.000-07:002011-10-09T10:34:15.430-07:00Dexia to be buried by tomorrow/silver and gold OI lowest in many years

Good evening Ladies and Gentlemen: Tonight's commentary will be on the short side. Before commencing I would like to report that we had two banks that entered the morgue Friday night: 1. Sun Security Bank of Ellington Mo. 2. Riverbank, Wyoming, MN Gold finished the comex session at $1634.50 down $17.40 on the day. Silver fell $1.06 to $30.96 Most of the fall in the metals occurred after 12

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com11tag:blogger.com,1999:blog-4795619781557835773.post-6378774915977370802011-10-06T16:20:00.000-07:002011-10-06T18:03:07.563-07:00Dexia shares suspended/Partial nationalization of Dexia/England resumes Quantiative Easing

Good evening Ladies and Gentlemen: Gold closed today up $11.60 to $1651.90. Silver had a very good day rising by $1.68 to $31.97. I would like to throw a little caution into the wind as tomorrow is the big jobs report and you know these bums always attack either the day before the report or immediately after its release so be very careful tomorrow. Let us head over to the comex and see how

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com15tag:blogger.com,1999:blog-4795619781557835773.post-62192791909731284752011-10-05T16:32:00.000-07:002011-10-05T16:32:54.587-07:00Gold and Silver rebound accompanied by gold/silver equities/ More concerns with Dexia

Good evening Ladies and Gentlemen: Gold and silver rebounded nicely today. Gold finished the comex session at $1640.30 up $25.60. Silver finished the day up 51 cents at $30.31. The markets seem to rise on the slightest rumours but fall hard when the world realizes that the banks are basically insolvent. I will comment more on Dexia in the body of my commentary. But first let us head over to

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com8tag:blogger.com,1999:blog-4795619781557835773.post-82390777197329133762011-10-04T16:11:00.000-07:002011-10-04T16:11:52.730-07:00The Huge Bank Dexia in severe trouble/Bernanke ready to supply stimulus to faltering economy

Good evening Ladies and Gentlemen: Europe continues to implode as Dexia, the largest bank in Belgium is close to default. The default here will bring down the two largest banks in France, Societe Generale and BNP Paribas. The bankers do not want investors purchasing gold and silver so they whack and sell huge amounts of non backed paper in the hope that they purchase stocks. The stock market

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com32tag:blogger.com,1999:blog-4795619781557835773.post-1888513551870155632011-10-03T16:01:00.000-07:002011-10-03T16:01:48.115-07:00Belgian's Biggest bank in Trouble/Europe and the Dow Plummet/gold and silver diverge

Good evening Ladies and Gentlemen: Today's commentary is quite important so please study all the data that I present to you. Today the Dow plummeted by 258 points or a loss of 2.4%. Europe was in turmoil as word is out that Nexia, Belgium's largest bank will be nationalized as they are basically insolvent. This bank has assets equal to 180% of Belgium's GDP. I will be providing very important

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com14tag:blogger.com,1999:blog-4795619781557835773.post-78256464521945489182011-10-01T07:56:00.000-07:002011-10-01T09:42:35.065-07:00Stunning OI numbers/Huge Number of Gold ounces Standing in Oct/Markets tumble globally

Good morning Ladies and Gentlemen: ( amended commentary) Gold on Friday rebounded nicely to the tune of $4.90 to rest at comex closing time at $1620.40. Silver was a little under the weather falling by 43 cents to $30.04. However in the access market with the Dow plummeting by 240 points, here are the final access closing prices for our two metals: Gold; $1624.80 Silver: $29.97 You can

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com30tag:blogger.com,1999:blog-4795619781557835773.post-44230837488372735502011-09-29T17:51:00.000-07:002011-09-29T17:51:42.053-07:00OPEN INTEREST FALLS TO LOWEST LEVELS IN YEARS/Sets the stage for gold/silver to rocket higher.

Good evening Ladies and Gentlemen: The price of gold fell slightly by 80 cents to $1615.60. The price of silver rose by 38 cents to $30.47. I told you yesterday that all options that have been exercised receives a futures contract and they are thus standing for delivery. The bankers for the past year have been whacking the precious metals during the last few days of the month trying to

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com10tag:blogger.com,1999:blog-4795619781557835773.post-1855275262485472582011-09-28T14:41:00.000-07:002011-09-28T19:41:26.760-07:00Gold and Silver whacked prior to first day Notice

Good evening Ladies and Gentlemen: amended commentary I will deliver my commentary in two parts today. The first part will be the comex data and later tonight I will provide the major stories for you. There is no question that the end game is being played out so I urge you all to pick up your gold and silver coins and do not pay attention to the paper price except be happy that you are getting

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com17tag:blogger.com,1999:blog-4795619781557835773.post-42057997162558925562011-09-27T16:25:00.000-07:002011-09-27T18:14:55.188-07:00Gold and Silver advance/Cannot get any physical gold or silver from Bank of Nova Scotia

Good evening Ladies and Gentlemen: amended As I promised you last night, gold and silver would advance as the shorters who try and cover their non backed supply of paper come in contact with the huge number of buyers wishing to buy metals. When you have an absence of sellers and a plethora of buyers, the price rises. Gold rose by $58.10 to $1650.60 by comex closing time. The price of silver

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com18tag:blogger.com,1999:blog-4795619781557835773.post-54816329360639928572011-09-26T18:08:00.000-07:002011-09-26T18:08:24.571-07:00Europe is Burning/Capitulation day in Gold and Silver.

Good evening Ladies and Gentlemen: Today gold closed down $45.00 to $1592.50 Silver held up much better by falling only 12 cents. The paper price of gold and silver reacted to the increase in margin requirements by the CME. For gold, this is the 3rd increase in the last few months. In silver this is the 6th increase. In essence, the increase in margins eliminates leverage which is the name

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com22tag:blogger.com,1999:blog-4795619781557835773.post-354199588941191972011-09-24T22:34:00.000-07:002011-09-24T22:34:20.113-07:00CME raises Margin Requirements on Gold and Silver/ Global Deterioration escalates

Good morning Ladies and Gentlemen: The CME at 11 o'clock pm est, Friday night raised margin requirements on gold, silver and copper. This is another of their blatant manipulation moves as they wait until the bankers bomb gold and silver and then when the longs are fragile they hit with increased margin requirements. I cannot urge you enough to please stay away from the thieves at the comex.

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com23tag:blogger.com,1999:blog-4795619781557835773.post-70258208783764330462011-09-22T16:27:00.000-07:002011-09-22T18:47:27.876-07:00Looks like we reached DEFCON i/ Bourses around world tumble/gold and silver attacked as well

Good evening Ladies and Gentlemen: Gold closed the comex session at $1739.20 for a loss of $66.30. Silver was whacked even harder falling by $3.82 to $36.54. The markets around the world tumbled as everyone read into Operation Twist as solving nothing. The Dow at 30 minutes before closing was down 500 points but did another Hail Mary and that cut short the losses as the Dow fell by 391 points

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com48tag:blogger.com,1999:blog-4795619781557835773.post-39325462522966610232011-09-21T18:59:00.000-07:002011-09-22T07:48:46.057-07:00Fed commences Operation Twist for 400 billion dollars (start of QEIII), gold and silver raided in access market.

Dear Ladies and Gentlemen: amended to include silver inventory movements The farce continues with the USA government is control over the precious metals market. They kind of lost control of the Dow today as it fell 282 points. The Fed announced the first stage of QEIII with a 400 billion dollar program of buying longer ended bonds and selling shorter term paper. The balance sheet of the Fed

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com12tag:blogger.com,1999:blog-4795619781557835773.post-36341044505536794592011-09-20T15:14:00.000-07:002011-09-20T21:43:29.818-07:00Gold and rise ahead of FOMC report/Newmont changes Dividend payout Policy/ Slovenia government to fall

Good evening Ladies and Gentlemen: ( amended to include data on SLV, CEF.a and Sprott funds) I have two hours to spare so I will bring to you today's events. The price of gold rose by $31.20 to $1806.60 as the banking cartel were not very happy at seeing the open interest numbers as no gold or silver leaves fell from the tree. Tomorrow we hear from the FOMC and expect to see some form of

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com7tag:blogger.com,1999:blog-4795619781557835773.post-72670054492405444752011-09-19T15:30:00.000-07:002011-09-19T15:54:09.030-07:00Massive Raid in Gold and Silver ahead of FOMC meeting

Good afternoon from Calistoga, California Today the bankers orchestrated their huge raid as the 2 day FOMC meeting will no doubt create QEIII. The boys must go into attack mode keeping the thermometer frin exposing the real shape in the economy. The price of gold lowered to $1776.40 down by a full $35.70, Silver fell by $1.67 to $39.11. The whole world is catching onto the manipulation by

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com17tag:blogger.com,1999:blog-4795619781557835773.post-77553958058476802662011-09-16T21:37:00.000-07:002011-09-16T21:37:55.760-07:00Gold and Silver rebound as expected/huge news on the silver fraud case against JPMorgan

Good morning to you all from downtown San Francisco I do not have all of my tools here but I will do the best I can and get the data to you. Gold closed Friday at $1812.10 up a huge $33.60. Silver responded also in splendid fashion by rising $1.33 to $40.78. It certainly looks like Greece will not be bailed out even though the USA is trying desperately to encourage the ECB to leverage its

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com20tag:blogger.com,1999:blog-4795619781557835773.post-80624744111599171402011-09-15T17:08:00.000-07:002011-09-15T17:08:11.661-07:00Gold and Silver Raid because of Massive Dollar Liquidity Aid to Europe

Good evening Ladies and Gentlemen: Gold closed today down $45.00 to $1778.50 with silver also falling to the tune of $1.02 to $39.45. The bankers knew that the USA and all major central banks were orchestrating a massive dollar injection into Europe as the European banks were strapped for dollars. The dollars are scarce due to the unwinding of all of the yen carry trades and dollar carry trades

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com15tag:blogger.com,1999:blog-4795619781557835773.post-49997606316141774822011-09-14T15:40:00.000-07:002011-09-14T15:40:29.391-07:00The Raids Continue and the Banking Cartel facing a Brick Wall/French banks downgraded

Good evening Ladies and Gentlemen: The world is now realizing that manipulation and control of the gold and silver price is mandatory by the bankers. I am afraid that they will continue to bash gold and silver until Greece implodes. Many are starting to question the obliteration of free markets. The price of gold was hit early in the session but rebounded nicely before comex closing time. Gold

Harvey Organhttp://www.blogger.com/profile/08732619537060012229noreply@blogger.com17