Commissioner Bart Chilton of the U.S. Commodities Futures Trading Commission says there have been “repeated attempts to influence prices in the silver

Silver class-action suits against Morgan, HSBC consolidated in New York

Harvey Organ's Daily Report - Judge orders documents on the Fed filed with her...big victory...open interest in silver remains strong:

http://harveyorgan.blogspot.com/2011/01/judge-orders-documents-on-fed-filed.html
Judge orders documents on the Fed filed with her...big victory...open interest in silver remains strong:

Good evening Ladies and Gentlemen:

Today was quite a day. Gold closed up by $5.10 to close the comex session at $1373.70. Silver finished the day up 19 cents to $28.95. In the access market right now at 5 o'clock est the gold price is trading at 1376.20 and silver is now $29.11

Gold and silver should have a stellar day tomorrow as the banking cartel are a little weary with all of those finger pushing exercises in shorting the precious metals.

Let us go straight to the comex trading and see how things shape up for tomorrow:

First gold;

The total gold comex open interest fell by a very tiny 2,721 contracts with the reading of today at 581,199. Friday was the 4th day in a row for whacking and it seems it had no effect on the resolute longs. The banking cartel are miffed.

The front options delivery month of January saw its OI fall from 28 to 22 for a loss of 6 contracts. We had 5 notices which therefore took all of the fall in open interest. The more important front delivery month of February saw its open interest fall from 329,289 to 318,383. The bankers were hoping that more would roll out of the front February month. The estimated volume today was a very modest 164,801. The confirmed volume on Friday with the massive raid was a huge 263,192 contracts with minor rolls into April.

And now silver:

The total silver comex open interest fell by a tiny 2212 contracts (from 139,291 to 137,079.) This is basis Friday night. The bankers when they saw very little silver leaves fall from the silver comex tree, they decided to raid again today but that turned out to be unfruitful for them. The front options delivery month of January saw its open interest (OI) fall from 153 to 88 for a loss of 65 contracts. The delivery notices on Friday totalled 85 so all of the loss of OI was due to the delivery notices.

The front delivery month of March saw its OI fall by 2449 contracts (75,298 from 77,747). I will talk about the month of March in the body of my commentary. The estimated volume today was a healthy 46,936. The confirmed volume for Friday was a huge 92,766 with minor switches. This annoyed our bankers greatly.

CLICK HERE to continue reading Harvey's Daily Gold & Silver Report

GATA UPDATE

Not owning gold is insane, Cazenove's Griffiths tells CNBC


Sprott Physical Silver Trust Updates Investors
on the Delivery Status of its Silver Bullion Purchases

Gold looks good amid the devaluation race, Einhorn tells King World News

Judge orders Fed to deliver gold records for her review

Ron Paul: Fed's 'independence' means only unaccountability

Ambrose Evans-Pritchard: Deepening crisis traps America's have-nots

GATA UPDATE (4 Articles)

Brazil says it won't let U.S. 'melt the dollar'
Submitted by cpowell on 05:30PM ET Wednesday, January 5, 2011

By Robin Yapp
The Telegraph, London
Wednesday, January 5, 2011

http://www.telegraph.co.uk/finance/currency/8241635/Brazil-pledges-to-st...

SAO PAULO, Brazil -- Brazil has sounded a new note of warning in the international "currency war" by pledging not to allow the United States to "melt the dollar."
Read more...

Kansas City Fed president calls gold standard 'very legitimate'
Submitted by cpowell on 05:43PM ET Wednesday, January 5, 2011

From Reuters
Wednesday, January 5, 2011

http://www.reuters.com/article/idUSTRE7044L620110105

KANSAS CITY, Missouri -- A gold standard that forces countries to back their currency reserves with bullion is a "legitimate" monetary system, though it would not prevent financial crises, Kansas City Federal Reserve President Thomas Hoenig said on Wednesday.
Read more...

Return of gold standard is now respectable issue, Rickards tells King World News
Submitted by cpowell on 05:33AM ET Thursday, January 6, 2011

8:30a ET Thursday, January 6, 2011

Dear Friend of GATA and Gold:
Read more...

Peter Brimelow: Gold is pole-axed but bugs (and others) are calm
Submitted by cpowell on 05:47AM ET Thursday, January 6, 2011

By Peter Brimelow
MarketWatch.com
Thursday, January 6, 2011

http://www.marketwatch.com/story/gold-pole-axed-but-bugs-and-others-calm...

NEW YORK -- Gold gets pole-axed, but the radical gold bugs, and even some more orthodox observers, remain

Read more...

Who said the dumbest things about precious metals in 2010? - Adrian Douglas

Who said the dumbest things about precious metals in 2010?
Submitted by cpowell on Sun, 2011-01-02 04:36. Section: Daily Dispatches

Dear Friend of GATA and Gold (and Silver):

GATA board member Adrian Douglas, publisher of the Market Force Analysis letter, has announced his Moron of the Year Award for 2010, and in reviewing the top candidates he describes the doubtful commentary about the precious metals that put them in contention. You can learn about the candidates and the winner at the Market Force Analysis Internet site here:

https://marketforceanalysis.com/article/latest_article_123110.html

Chris POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.