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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: rubbersoul who wrote (20485)7/7/2010 10:31:14 PM
From: Wade  Read Replies (2) of 48092
 
Hope NAV will do well tomorrow. Both gold and silver are doing very well tonight at Asia.

FWIW...Harvey Organ's blog:

harveyorgan.blogspot.com

"First off, a report on silver.

I would like to report another massive silver internal transfer. Today we got an adjustment of 670,000 oz of silver and the movement came from the customer inventory

into the dealer inventory. In the last 2 days we have witnessed 3.3 million oz of silver transfer from a customer into the dealer inventory. This is without a doubt a major lease

from the silver strapped comex people. They are having great difficulty finding any silver.

Today in regular action, we saw another 9906 oz of silver withdrawal from the dealer. Silver is leaving as investors are frightened that their silver will be commingled with the comex silver.

Coupled with the huge contracting open interest in silver , the message is clear: physical silver has been depleted globally.

Now for gold:

again, zero oz were deposited into the dealer inventory. We are now well past the June delivery month for gold and we are still witnesssing

zero oz enter the vaults. This is very alarming."
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