Gold Miners ETF (GDX)

[DiscoverGold]

THE CROOKS RAID THE GLD COOKIE JAR WITH A HUGE 7.09 TONNE WITHDRAWAL
By: Harvey Organ | December 18, 2017

In gold, the open interest ROSE BY A CONSIDERABLE 4394 CONTRACTS UP TO 455,137 DESPITE THE TINY SIZED LOSS IN PRICE OF GOLD FRIDAY ($0.30). HOWEVER, THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY TOTALED A CONSIDERABLE 13,632 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 13,632 CONTRACTS. The new OI for the gold complex rests at 455,137. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE WITNESS THE HUMONGOUS NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE AMOUNT OF GOLD OUNCES STANDING FOR DECEMBER. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE WE HAVE A HUGE GAIN OF 18,026 OI CONTRACTS: 4394 OI CONTRACTS INCREASED AT THE COMEX AND A GOOD SIZED 13,632 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

https://harveyorganblog.com/2017/12/18/dec-18-tax-reform-likely-to-pass-the-crooks-raid-the-gld-cookie-jar-with-a-huge-7-09-tonne-withdrawal-gold-rises-by-7-85-and-silver-rises-by-10-cents-bitcoin-rises-961-dollars-up-to-18608-bid-at/

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