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

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From: Wade4/18/2011 10:37:07 PM
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harveyorgan.blogspot.com

Monday, April 18, 2011

We are now moving to DEFCON 4...S and P downgrades USA debt/negative bias

"The estimated volume at the gold comex today was an astounding 193,892 contracts (19.38 million oz) with no switches. As I mentioned above the banking cartel supplied the massive paper only to be gobbled up by investors seeking the safe haven of gold."

"The silver cupboard at the comex must be bare. The front month of May saw its OI fall from 59,770 to 55,669. There are some rollovers but most of the fall is due to banks covering their shortfall OI. The estimated volume today was so huge and defies logic. It came in at 151,999 to represent a total of 760 million oz of silver!! This is approximately 108% of annual global silver supply. The confirmed volume for Friday, the day the silver rocket blasted off for unknown northernly destinations, came in at a very high 132,545 contracts."
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