- Harvey Organ – Huge Volume Of Precious Metals Deliveries On The Comex!
Harvey Organ joined us this evening for a lengthy discussion of the enormous Comex physical gold deliveries in February and March, traditional non-delivery months. He believes that there’s a loss of market confidence taking place. China is taking delivery and shipping the metal to their shores. Harvey thinks that the markets and the international financial system is in a precarious place at this moment. There’s no way out of it and at some point-after the collapse, countries will have to get together and revalue their currencies in gold. It all makes for very interesting times.
Harvey Organ – 20 March 2013 – Huge Gold Delivery for March!
In physical news at the comex, the CME reported a huge gold delivery notice filed equal to 181 notices or 18,100 oz , the number of gold ounces standing for delivery rose by 17,900 oz and thus 12.84 tonnes of gold is standing for March delivery. No doubt this is a record for gold deliveries in the off delivery (non active) delivery month.