HAS HARVEY ORGAN BEEN THREATENED???
12-24-2010, 07:44 AM
DayStar DayStar is offline
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I'm DayStar with the Thursday Harvey Organ report. Merry Christmas to everyone! And a Happy New Year! May God protect us all through the new year and the coming storm. On Harvey's blog for Thursday there were some comments about the NWO. One said if China is the one behind JPM doing the naked shorting of silver then this silver shorting has gone to a whole new level, and it is not just about greedy bankers wanting to get rich: it is treason. This is what I have been saying all along. This is a world-wide conspiracy, and if JPM is doing what Harvey thinks they are doing, this is a world wide conspiracy to break our currency and destroy our wealth and our country. It is a conspiracy because the US bank, JPM, is collaborating with a foreign sovereign state to destroy a fundamental part of our economy, the precious metals exchanges.
Another post taking off from Harvey's remarks about the Chinese being behind JPM's naked shorting on Comex posed the following scenario. The Chinese shorted the silver market in order to allow their people a chance to buy ridiculously suppressed physical silver and long positions, with no intent to ever deliver on the shorts. They intend to blow the exchanges and then stand behind their citizen-investors demanding delivery of the long position registered on the exchanges. In support of this Chinese silver Comex destruction scenario he cites the observation that China is on a commodity buying spree in which they also fund JP Morgan as a proxy to buy up 90% of the LME copper and aluminum, and lock up some 50-80% of the nickel, zinc, and aluminum. I think you can also see a motive for China doing this if they actually lost that $700 billion in the TROPOS affair. Not only does China have the US wantonly degrading the value of China's dollar holdings, they also have the TROPOS affair where the Fed actually stole $700 billion meant for them. This could also be a disinformation campaign to provide cover for China's actions on the exchanges.
With respect to yesterday's comments about queue jumping and my speculation that a better solution is that Comex is lying about the true OI, let's tie that in with China being Mr. Moneybags behind JPM. If JPM and China are planning on crashing Comex in December, would they not want to obtain as much physical silver for themselves as possible before they did it? And would not disclosing the true open interest make it nearly impossible to lease large amounts of silver so they could deliver it? So, would they not lie through their teeth if there really were 17,208 mostly Chinese buyers that stood for delivery on the 26th of November? So, now we have Harvey giving credence to a JPM-Chinese conspiracy to crash Comex, and from that we have a motive for Comex to lie about open interest. If the Chinese connection is true, you also can see why insiders are removing silver from Comex vaults, because after December the Comex silver is all going to be gone one way or another, and these connected investors don't want their stash cleaned out and them left with nothing. It looks like, though, that even though JPM has lied about the OI that they are not going to be able to deliver even on the amount they lied about. Of course, that was probably the plan all along to not be able to deliver in December and then to pull the plug.
When I looked at Harvey's headline about trouble in major US cities, I wondered if there were riots that I had not heard about. There were not, but there were things happening that may eventually lead to rioting. The pension funds in several major cities are on the brink of collapse, and nothing has been done to fix it. One city near Mobile, Alabama has stopped paying its pensioners with the predictable result that the hard-working pensioners that depended on these things are having a hard time making it with no income.
Thursday, December 23rd (basis Wednesday, December 22nd)
harveyorgan.blogspot.com
Harvey's comments on Thursday's price action:
Quote:
Gold closed today down by $6.80 to 1380.00.
Silver fell by 6 cents to $29.31.
Total and Dec Open Interest
In silver
Quote:
The total open interest on the silver Comex floored our bankers as I mentioned above. The open interest rose from 133,135 to 133,994 for a gain of 859 contracts. Many expected a big drop and it just did not materialize.
The front month of December saw its open interest fall from 291 to 269 for a fall of 22 contracts, but Comex said there were 50 notices served. This is an increase in OI of 28 contracts or 140,000 oz of silver. This also supports my thesis that Comex is lying about the OI. Notice also that Harvey did not compute this like he normally does. Makes me wonder if Harvey has been threatened. I have read about a lot of inventors that have been told to stop working and publishing on their invention or else. Some like Dr. Eugene Mallove (MIT) and Stanley Meyer (water fuel cell) from near Columbus, OH have been killed for their efforts to promote these prohibited inventions. The same thing has happened in genetic anti-aging research and cancer cures. Lindsey Williams also got a phone call for him to take down his web site, because it was providing too much information. It seems clear, though, that for whatever reason Harvey has backed off from what he has been reporting about the changes in Comex OI.
In gold
Quote:
The total gold comex open interest rose by 2065 contracts despite yesterday's raid. The final reading today which is basis yesterday was 584198.
The front delivery month of December saw its open interest fall from 447 to 384 for a fall of 63 contracts. Since gold had 65 deliveries yesterday, most of the fall in open interest was due to the actual deliveries.
It looks to me like that OI rose by 2 contracts. Maybe Harvey does not think that is important considering the extent of Comex's unreliable reporting, but I want to notice it as it further points to the deceitful nature of the Comex OI numbers.
Volume
In silver
Quote:
The estimated volume today was a very low 26933 contracts and the confirmed volume yesterday was a very, very low 27,128,
It seems the bankers might be a little loathe to supply paper silver on the short end.
Probably China is in the position it desires, and there is no need to short any more. This dramatic decrease in volume and the decrease in naked shorting are both indicators that the end is near for Comex. It might also portend a dramatic upward swing in PM prices in the very near term. Of course, if they crash Comex, another means of discovering price will have to emerge. You won't be able to look at nice Kitco charts and find out what the price is moment by moment, so you may not know what the actual value of your holdings are any more. The feedback loop for price discovery will likely be much slower. It will likely take some time for the effects of a Comex crash to settle out.
In gold
Quote:
The estimated volume today was a rather subdued 81,968 contracts as many are away. The confirmed volume yesterday was a rather low 71,724 contracts.
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