GOLD AND SILVER ADVANCE: GOLD UP $8.90 AND SILVER IS UP 23 CENTS

by Harvey Organ, Harvey Organ Blog:

CATALONIA DELAYS DECLARING INDEPENDENCE BUT MADRID STATES THAT THEY DID DECLARE AND THUS WILL INSTITUTE ARTICLE 155/SOUTH KOREA ANNOUNCES THAT IT HAS BEEN HACKED BY NORTH KOREA AND ITS BATTLE PLANS HAVE BEEN COMPROMISED

GOLD: $1291.40 UP   $8.90

Silver: $17.16UP 23 CENT(S)

Closing access prices:

Gold $1288.10

silver: $17.11

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: $1294.21 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1285.95

PREMIUM FIRST FIX:  $8.26 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1304.05

NY GOLD PRICE AT THE EXACT SAME TIME: $1287.05

Premium of Shanghai 2nd fix/NY:$17.00 (PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $1289.60

NY PRICING AT THE EXACT SAME TIME: $1288.75

LONDON SECOND GOLD FIX  10 AM: $1291.40

NY PRICING AT THE EXACT SAME TIME. 1292.25 ???

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

 

 1 NOTICES FILED TODAY FOR

 

5,000  OZ/

Total number of notices filed so far this month: 391 for 1,955,000 oz

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Let us have a look at the data for today

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In silver, the total open interestROSE BY A STRONG  1688 contracts from  186,144UP TO 187,832   WITH RESPECT TO YESTERDAY’S TRADING (UP23 CENTS).  THE CROOKS ARE HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS.  IT IS OBVIOUS THAT THE HUGE RISE IN PRICE YESTERDAY NEGATED ANY ATTEMPT TO COVER THAT SHORTFALL

RESULT: A GOOD SIZED RISE IN OI COMEXWITH THE23 CENT PRICE RISE.  OUR BANKERS FAILED AGAIN IN THEIR ATTEMPT TO COVER ANY OF THEIR MASSIVE SILVER SHORTFALL. 

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.939 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 1 NOTICE(S) FOR 5,000OZ OF SILVER.

In gold, the open interest SURPRISINGLY  FELL BY 336 CONTRACTS DESPITE THE GOOD SIZEDRISE in price of gold ($8.00 ) .  The new OI for the gold complex rests at 513,815. IT SURE LOOKS LIKE OUR BANKER FRIENDS SEEM A LITTLE EDGY AS THEY WERE INTENT ON COVERING SOME OF THEIR HUGE GOLD SHORTFALL WHICH WILL EXPLAIN THE DROP IN OI DESPITE THE GAIN IN GOLDPRICE.

 

Result: A SMALL SIZED DECREASE IN OI WITH THE RISE IN PRICE IN GOLD ($8.00). WE PROBABLY HAD SOME GOLD SHORT COVERING BY THE BANKERS. 

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 , NO CHANGESin gold inventory at the GLD/

Inventory rests tonight: 858.45 tonnes.

SLV

Today:  NO changes in inventory:

INVENTORY RESTS AT 326.898 MILLION OZ

 

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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 BY A STRONG1688 contracts from 186,144UP TO 187,832(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. THE DATA SEEMS TO SUGGEST SOME GOLD SHORT COVERING BUT IN SILVER IT IS BECOMING IMPOSSIBLE FOR THE CROOKS TO COVER. AS SUCH THEY RETREATED TO HIGHER GROUND AND THEN THEY WILL TRY AGAIN.

RESULT:  A GOOD SIZED INCREASE IN SILVER OI  AT THE COMEX WITH THERISE IN PRICE OF 23 CENTS WITH RESPECT TO YESTERDAY’S TRADING. OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF OUR SILVER SHORTS 

(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 MONDAY night/TUESDAY morning: Shanghai closed up 8.61 points or .26% /Hang Sang CLOSED UP 164.24 pts or .58% / The Nikkei closed UP 132.80 POINTS OR .64/Australia’s all ordinaires CLOSED UP 0.03%/Chinese yuan (ONSHORE) closed WELL upat 6.5792/Oil UP to 50.23 dollars per barrel for WTI and 56.30 for Brent. Stocks in Europe OPENED RED EXCEPT FTSE .  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.5792. OFFSHORE YUAN CLOSED STRONGER TO THE ONSHORE YUAN AT 6.5704 AND BOTH YUANS ARE STRONGER AGAINST THE DOLLAR. CHINA IS EXTREMELY HAPPY TODAY.

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