The amount standing for deliveries in silver advances another 1.7 million oz/Silver OI advances/Iraq purchases official gold equal to 41 tonnes in last 3 months/Brazil purchases 14 tonnes with Russia adding 3 tonnes/

"Gold closed up by $14.00 to finish the comex session and the week at $1659.10
Silver closed up 53 cents at $30.14. No doubt all bourses were influenced by the cancelling of the Plan B vote by the Republicans in the House. Immediately it dawned on many that the USA may go over the fiscal cliff. Asian stocks plummeted but European stocks seemed to take the news in stride.

In physical news, we witnessed that Iraq is the latest country's central bank to purchase gold. In 3 months this nation has purchased 41 tonnes of gold. The Russians announced another 100,000 oz (3 tonnes ) of gold that they purchased to which they added to their official reserves. Finally Brazil continues on a torrid pace of acquiring gold. This month they added 14 tonnes of metal.

As far as silver is concerned the big raid orchestrated on Thursday did not see the OI (open interest) complex contract. It rose again as many investors are resolute in their conviction of the value of silver and they seem immune to the crooked antics of the bankers. What is more fascinating is the fact that the number of ounces of silver standing for December has increased every day from the 6th of December onward including Friday. Actually on Friday we saw the biggest jump this month in ounces standing.... a whopping 1.7 million oz. We are also witnessing many round number of ounces of silver being either deposited or withdrawn and it seems to me that the comex is settling in paper and not metal.
No wonder we hear that investors do not want to have JPMorgan or HSBC settle upon them with metal and they seek non comex vaults. Strange things happening inside the comex silver vaults. We will go over these and other stories but first..."

at http://harveyorgan.blogspot.com/2012/12/the-amount-standing-for-deliveries-in.html