GOLD AND SILVER ADVANCE: GOLD UP $8.00 AND SILVER IS UP 23 CENTS

by Harvey Organ, Harvey Organ Blog:

COMEX GOLD OPEN INTEREST FALLS BY OVER 2,000 CONTRACTS BUT SILVER DOES THE REVERSE AS SILVER LONGS REFUSE TO BUDGE/TRUMP IN A SHOUTING MATCH WITH BOB CORKER WHICH WILL SEAL THE DEATH OF TAX REFORM/TRUMP HINTS AT WAR WITH NORTH KOREA/TOMORROW IS A BIG DAY FOR CATALONIA SPAIN/RELATIONS BETWEEN THE USA AND TURKEY AT AN ALL TIME LOW WITH ARRESTS WITH RESPECT TO EMBASSY OFFICIALS FROM BOTH COUNTRIES

GOLD: $1282.50 UP   $8.00

Silver: $16.93UP 23 CENT(S)

Closing access prices:

Gold $1284.80

silver: $16.98

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: $1300.79 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1281.60

PREMIUM FIRST FIX:  $19.19 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1300.79

NY GOLD PRICE AT THE EXACT SAME TIME: $1282.30

Premium of Shanghai 2nd fix/NY:$19.49 (PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $1282.15

NY PRICING AT THE EXACT SAME TIME: $1281.90

LONDON SECOND GOLD FIX  10 AM: $1278.75

NY PRICING AT THE EXACT SAME TIME. 1279.90

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 0 NOTICE(S) FORnilOZ.

TOTAL NOTICES SO FAR: 2329 FOR 232,900 OZ  (7.241TONNES)

For silver:

OCTOBER

 

 5 NOTICES FILED TODAY FOR

 

25,000  OZ/

Total number of notices filed so far this month: 390 for 1,950,000 oz

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Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY ROSE BY A STRONG  1979 contracts from  184,165UP TO 186,144   WITH RESPECT TO FRIDAY’S TRADING (UP10 CENTS).  THE CROOKS TRIED TO COVER AS MUCH OF THEIR SILVER SHORTS AS POSSIBLE YESTERDAY BUT IT LOOKS LIKE THEY HAD NO SUCCESS..SO THEY TRIED ANOTHER RAID ON FRIDAY BUT THEIR PLAN WAS FOILED WITH THE NEWS THAT NORTH KOREA WAS PLANNING ANOTHER LONG RANGE MISSILE CAPABLE OF HITTING THE WEST COAST OF THE USA.

RESULT: A GOOD SIZED RISE IN OI COMEXWITH THE  10 CENT PRICE RISE AND CONSTANT TORMENT. IT SURE LOOKS LIKE OUR BANKERS FAILED AGAIN IN THEIR ATTEMPT TO COVER MUCH OF THEIR MASSIVE SILVER SHORTFALL SO ANOTHER RAID WAS ORCHESTRATED FRIDAY MORNING BUT THAT FAILED AS WELL ON THE NORTH KOREAN NEWS.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.931 BILLION TO BE EXACT or 133% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 5 NOTICE(S) FOR 25,000OZ OF SILVER.

In gold, the open interest FELL BY A  MUCH LARGER THAN EXPECTED 2,591 CONTRACTS DESPITE THERISE in price of gold ($1.60 ) .  The new OI for the gold complex rests at 514,151. OUR BANKER FRIENDS WERE MILDLY SUCCESSFUL IN COVERING SOME OF THEIR GOLD SHORTS. THE BANKERS WERE REACHING FOR CAPITULATION ON FRIDAY BY CAUSING ANOTHER HUGE RAID ON GOLD AND SILVER BUT THAT WAS FOILED ON NEWS THAT NORTH KOREA WAS PLANNING ANOTHER LONG RANGE MISSILE LAUNCH.

 

Result: A GOOD SIZED DECREASE IN OI WITH THE RISE IN PRICE IN GOLD ($1.40) 

we had: 0 notice(s) filed upon for NIL oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:   

Tonight , ANOTHER BIG CHANGE  in gold inventory at the GLD/ this time A DEPOSIT OF 4.43 TONNES

Inventory rests tonight: 858.45 tonnes.

SLV

Today:  ANOTHER BIG change in inventory: ANOTHER DEPOSIT OF 1.227 MILLION OZ

INVENTORY RESTS AT 326.898 MILLION OZ

 

end

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First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver ROSE BY2102 contracts from 184,165UP TO 186,144(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) . IT  SEEMS THAT  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN COVERING THEIR SILVER SHORTS. OUR BANKER’S ATTEMPTED RAID ON FRIDAY WAS ABORTED ONNEWS THAT NORTH KOREA WAS PLANNING A MISSILE LAUNCH CAPABLE OF HITTING THE WEST COAST OF THE USA AND THAT PUT AN END TO THE WHACKING.

RESULT:  A GOOD SIZED INCREASE IN SILVER OI  AT THE COMEX WITH THE TINY RISE IN PRICE OF 10 CENTS WITH RESPECT TO FRIDAY’S TRADING. OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF OUR SILVER SHORTS AS THEIRRAID WAS ABORTED ON THE KOREAN NEWS.

(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 25.43 points or .76% /Hang Sang CLOSED down 131.45 pts or .46% / The Nikkei closed /Australia’s all ordinaires CLOSED UP 0.48%/Chinese yuan (ONSHORE) closed upat 6.6240/Oil DOWN to 49,46 dollars per barrel for WTI and 55.54 for Brent. Stocks in Europe OPENED GREEN EXCEPT FTSE .  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.6240. OFFSHORE YUAN CLOSED STRONGER TO THE ONSHORE YUAN AT 6.6197 AND BOTH YUANS ARE STRONGER AGAINST THE DOLLAR. CHINA IS VERY HAPPY TODAY

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