From Harvey Organ:
In silver strangely the CME reported a gain of 1417 contracts up to 154,364. We are now at a two year record high in silver OI with a lower price in silver ($29.86 today vs $49.00 in April 2011).
The problem this time for the bankers is that the silver OI is ramping higher while the OI in gold is being crushed. Why? it seems that physical silver is becoming scarce and producers are hoarding the metal. The bankers do not like what they see with silver as every raid at these low prices brings on more longs and they seem to represent strong hands.
If the OI on Monday is again higher, our banker friends might as well throw in the towel as nothing can help them. The massive not for profit selling of non backed silver paper at lower prices is futile. The bankers are having trouble removing their huge shorts in silver as our resolute silver holders, instead of pitching their contracts with the onset of a raid, buy more.” [Read more...]
Today was first notice day for February delivery in gold, and as usual, we
2012 is almost in the books. That means its time for another review of the year’s top stories on SilverDoctors.
The Doc sat down with Harvey Organ again for the 2nd of several interviews regarding the recent massive cartel intervention in the gold and silver markets post the QE4 announcement, the fiscal cliff, the CFTC’s silver probe, and the unprecedented 20 million oz of silver still standing for December delivery.


