http://harveyorgan.blogspot.com/

"Gold closed down today to the tune of $4.10 to close at 1235.40 Silver fell by a tiny fraction, 4 cents to 18.98. The gold comex open interest surprised many market analysts by rising a gigantic 9364 to close at 565,828. The silver comex OI also rose by a wide margin closing up by 4,566 contracts to 128,751. Please remember that this is basis yesterday. We always get open interest 24 hours back.

Tomorrows OI will be a whopper!. You can see that the banker cartel threw every available paper gold and silver at the large and small specs who piled into both metals. The bankers have no metal backing any of these trades as the regulators just look the other way!

Today was the conclusion of options on both gold and silver. Also the Sept silver contract went off the board tonight.

I would like to give to you the conclusion of the options trades for both gold and silver as presented by Adrian Douglas and his Market Force Analysis.com. .... The miners have not hedged for over 2 years now, so the the underwriters of both puts and calls are the commercial banks. If the banker underwrote a call, he wants the price of the metal to decline. If the banker underwrote a put, we wants the price of the metal to rise. Thus you can plot the median price or the least amount of losses that the bank would undertake at various prices. Today the options concluded and Adrian presented his final median price on both metals.

The median price for silver was 18.00, the price of which I indicated to you last night. In gold the median price was 1200.00 per oz

So you can see that the bankers today got hit pretty hard. Here is Adrian's wonderful graphics on this:(Sorry the graphs didn't copy-go to the blogsite)

The first is gold: If the final price on gold today would have been 1200.00 then the bankers would have experienced a negative outflow of 34 million dollars (not including dollars taken in originally) For the first time in many years, the bankers had an outflow of 60 million.

and now for silver's median line between puts and calls:

In silver, at the bankers optimum price of 18.00 the cash outflow was only 5 million dollars.

Instead with todays close of 18.98, the outflow was 15 million dollars or triple at the optimum price.

The banking cartel got stuffed today in silver as well as gold!!