Harvey Organ's Daily Gold & Silver Report - Huge raid on gold and silver/large silver deliveries/entering February gold delivery month

Huge raid on gold and silver/large silver deliveries/entering February gold delivery month:

Good evening Ladies and Gentlemen:

I am now going to emphasize this to everyone: please do not use any leverage in your investments with respect to gold and silver. You can buy silver and gold on these dips but do not leverage your bet as the banker gangsters will separate you from your hard earned dollars. You are going to see a big disconnect between the paper gold and silver and the real physical stuff. The end game is being played out due to the global rush into these precious metals instead of trusting paper.

Gold closed today at comex closing time at $1318.40 for a loss of $14.60. Silver at first resisted then succumbed on the downward pressure from gold losing 9 cents to $27.04 after rising to $27.75 early in the day.

Let us go straight to the comex trading and see the internals.

The total gold comex open interest fell by 14,825 contracts (basis yesterday). We must have had some bank short covering. The front options delivery month of January saw its OI register 13 and with only 9 deliveries today, the 333 OI of yesterday was totally bogus as I figured. The front delivery month of February which is of great interest to all, fell from 146,812 to 99,036 contracts as the February contract went off the board. Options also expired last night. The banking cartel as is their usual modus operandi of late, they raid the day after options expiry right up until first day notice which is on Monday. Notices are sent down Monday for servicing on Tuesday. Expect massive volatility from now until the 31st of January.

The estimated volume today was enormous at 350,090. My bet : the confirmed volume tomorrow may breech 400,000. The confirmed volume yesterday was also very high at 301,311 with quite a few rollovers.

and now for silver:

The total silver OI fell marginally by 1000 contracts falling from 125,229 to 124,221. The front options delivery month of January saw its OI fall from 113 to 101. We had 126 deliveries yesterday so all of the fall was due to the deliveries and many more options were exercised and revealed to us. The front March delivery month saw its OI remain resolute falling a tiny amount from 66,934 to 66,113. The estimated volume today was fair at 54,954. The confirmed volume yesterday was also mediocre at 56,023. There were no switches on the silver.

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