by Harvey Organ, Harvey Organ Blog:
OPEN INTEREST IN SILVER CONTINUES TO FALL DESPITE THE RISE IN PRICE WHICH INDICATES BANKER CAPITULATION/GLD STOPS ITS BLEEDING OF GOLD ANS INVENTORIES RISE BY 4.14 TONNES/CHINA ANNOUNCES A HALT TO ALL IMPORTS CONTAINING COAL, IRON, IRON ORE AND SEAFOOD FROM NORTH KOREA/ THE UKRAINE IS THE SOURCE OF ENGINES ON THOSE NORTH KOREAN MISSILES: AND THE UKRAINE IS AN ALLY OF THE USA?
GOLD: $1284.70 DOWN $3.10
Silver: $17.14 up 6 cent(s)
Closing access prices:
Gold $1282.20
silver: $17.08
SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
SHANGHAI FIRST GOLD FIX: $1292.87 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1287.85
PREMIUM FIRST FIX: $5.02
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SECOND SHANGHAI GOLD FIX: $1290.15
NY GOLD PRICE AT THE EXACT SAME TIME: $1285.70
Premium of Shanghai 2nd fix/NY:$4.45
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LONDON FIRST GOLD FIX: 5:30 am est $1281.10
NY PRICING AT THE EXACT SAME TIME: $1281.95
LONDON SECOND GOLD FIX 10 AM: $1282.30
NY PRICING AT THE EXACT SAME TIME. $1282.30
For comex gold:
AUGUST/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 34 NOTICE(S) FOR 3400 OZ.
TOTAL NOTICES SO FAR: 4521 FOR 452,100 OZ (14.062 TONNES)
For silver:
AUGUST
20 NOTICES FILED TODAY FOR
100,000 OZ/
Total number of notices filed so far this month: 830 for 4,150,000 oz
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Today, the bankers tried to raid both gold and silver for the third consecutive day and failed again. The open interest in silver continues to fall despite a rise in price and it sure looks like banker capitulation as they try to extricate themselves from their mess. Another good indicator of trouble for our bankers is that the bleeding of gold has stopped (physical gold supplying Eastern countries e.g. China, Russia and Turkey). Today 4.14 tonnes of gold was added to inventories. SLV showed no gain or loss of silver inventory.
Let us have a look at the data for today
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In silver, the total open interest SURPRISINGLY FELL BY A HUGE4967 contracts from 194,445 down to 189,478 DESPITE THE RISE IN THE PRICE THAT SILVER TOOK WITH RESPECT TO FRIDAY’S TRADING (UP 4 CENT(S) AND THE FAILED RAID. SIMPLE EXPLANATION: THE BANKERS HAVE CAPITULATED….THEY ARE TRYING TO COVER THEIR SHORTFALL AT HIGHER AND HIGHER PRICES. THE BANKERS ARE HAVING EXTREME DIFFICULTY IN SUPPLYING ADDITIONAL SHORT PAPER AND LONGS CONTINUE TO ADVANCE TAKING ON THE BANKER SHORTS. THE BATTLE OF WATERLOO WILL BE FAST APPROACHING
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.947 BILLION TO BE EXACT or 135{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 20 NOTICE(S) FOR 100,000OZ OF SILVER
In gold, the open interest ROSE by A CONSIDERABLE 5,002 WITH the RISE in price of gold ($4.10 GAIN ON FRIDAY.) The new OI for the gold complex rests at 480,915. IN COMPLETE CONTRAST TO SILVER, THE BANKERS SUPPLIED THE MASSIVE AMOUNT OF PAPER SHORT GOLD WHICH WAS GOBBLED UP BY THE LONGS. THE NEWBIE SPEC SHORTS HAVE NO DOUBT COVERED THEIR SHORT POSITION BY NOW. I WROTE THE FOLLOWING TO MY FRIENDS OVER THE WEEKEND: “WE MUST BE COGNIZANT OF ANOTHER RAID THIS COMING WEEK AS THE OI FOR GOLD IS EXTREMELY HIGH AND THE NOOSE IS AROUND THEIR NECKS IN SILVER.” THE CROOKS DID NOT TAKE LONG TO INITIATE ANOTHER RAID TODAY
we had: 34 notice(s) filed upon for 3400 oz of gold.
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With respect to our two criminal funds, the GLD and the SLV:
GLD:
Today, a big change in gold inventory: a deposit of 4.14 tonnes into the GLD
Inventory rests tonight: 791.01 tonnes
IN THE LAST 21 TRADING DAYS: GLD SHEDS 45.96 TONNES YET GOLD IS HIGHER BY $45.85 .
SLV
Today: : WE NO CHANGES IN SILVER INVENTORY TONIGHT:
INVENTORY RESTS AT 335.825 MILLION OZ
end
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver FALL BY 4,967 contracts from 194,445 DOWN TO 189,478 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787). THE FALL IN OPEN INTEREST WAS ACCOMPANIED BY A SMALL RISE IN PRICE AND FOR THE FIRST TIME WE ARE WITNESSING BANKER CAPITULATION. BANKERS ARE LOATHE TO SUPPLY NEW SHORT PAPER AND THE LONGS CONTINUE TO ENTER THE ARENA PURCHASING WHATEVER SILVER THEY CAN AND WILLING TO TAKE ON OUR CROOKED BANKERS.
(report Harvey)
.
2.a) The Shanghai and London gold fix report
(Harvey)
2 b) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)Late SUNDAY night/MONDAY morning: Shanghai closed UP 28.92 POINTS OR 0.90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / /Hang Sang CLOSED UP 366.72 POINTS OR 1.36{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} The Nikkei closed DOWN 192.64 POINTS OR .98{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.61{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed DOWN at 6.6720/Oil DOWN to 48.49 dollars per barrel for WTI and 51.72 for Brent. Stocks in Europe OPENED DEEPLY IN THE GREEN , Offshore yuan trades 6.6874 yuan to the dollar vs 6.6720 for onshore yuan. NOW THE OFFSHORE IS WEAKER TO THE ONSHORE YUAN/ ONSHORE YUAN WEAKER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS MUCH WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA IS NOT HAPPY TODAY
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