GOFO rates even more negative indicating shortages of physical metal: 1 Month Rate: -.0775%   2 Month Rate  -.0425%

Once again on a $17 down day we see a large increase in Crimex gold open interest of 7,161 contracts and silver by 3,043= more naked short selling. Long liquidation or short covering would bring OI down, not up. Friday’s CoT will bring us up to date through Tuesday on Slinger shorts with POG at 1232.

GLD: 742.40 tonnes, down another 3 tonnes in last two days.

Last two sessions in Shanghai off take was 19.05 tonnes, about 25% higher than average.

More color emerges on Chinese prepping moves.

Separately China is set to invest a billion in Russian solar plants. Solar uses silver.

On the Zack’s trashing of ANV mentioned by Mike in yesterday’s comments: Remember: there is a huge criminal component manipulating stocks and everything else.  Nowadays Zack’s would take a crook’s money in a heart beat to run dribble like this.  Look at it objectively, why else would Zack’s put this out?

George Soros is already a ANV shareholder, and I wouldn’t rule him out as doing this tape painting raid to buy more aggressively. Same could be said of GDXJ or gold or silver.  Obviously this has gone far beyond what makes the slightest sense for this asset group.

On the question of real sellers: If a big institutional holder indiscriminately sold ANV or any other victimized stock it will show up here or on the Canadian Insider source I use. They let you track up to 20 stocks for free and I am keeping a close eye on it. ANV traded more than 13% of float Wednesday. 65.8% is institutionally held and 8.4% by insiders. So show me the real McCoy.

Where is he? That’s what I thought, like George W Bushs’ “weapons of mass destruction”. I simply do not accept or believe that hundreds of smaller investors or even some hedge funds ran to their terminals to sell ANV and GDXJ or small cap juniors all at once due to an entrails reading over words in an FOMC statement that shifted the odds of a rate increase by September, 2015 from 41% to 51%.

I am currently too tapped out and underwater to use it or write it up, but Roxgold is a very good name seeing large insider buying from ANRH Sarl. This stands for Appian Natural Resource Fund, who tends to be activist and M&A oriented. Excellent insider buying has materialized so far in Gold Standard, Pilot, Exeter, and Lydian.

I am no fan of Barrick but their costs are down nearly $100 year over year. That is going to be typical, and with lower fuel and material costs will be amplified in the 4th quarter.