GOLD AND SILVER RISE DUE TO POOR USA WAGE GROWTH

by Harvey Organ, Harvey Organ Blog:

TRUMP DECERTIFIES USA /IRAN NUCLEAR AGREEMENT

GOLD: $1302.35 up $10,15

Silver: $1739 up 22 cents

Closing access prices:

Gold $1303.90

silver: $17.42

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: $1304,65 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1295,60

PREMIUM FIRST FIX:  $9.05 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1305.65

NY GOLD PRICE AT THE EXACT SAME TIME: $1297.00

Premium of Shanghai 2nd fix/NY:$8.65(PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $1293.90

NY PRICING AT THE EXACT SAME TIME: $1293.90

LONDON SECOND GOLD FIX  10 AM: $1299.60

NY PRICING AT THE EXACT SAME TIME. 1299.60

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 5 NOTICE(S) FOR  500OZ.

TOTAL NOTICES SO FAR: 2334 FOR 233,400 OZ  (7.259TONNES)

For silver:

OCTOBER

 

 124 NOTICES FILED TODAY FOR

 

620,000  OZ/

Total number of notices filed so far this month: 516 for 2,580,000 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 ROSE BY 1289 contracts from  187,422  UP TO 188,711  WITH RESPECT TO YESTERDAY’S TRADING (UP  9 CENTS).  THE CROOKS ARE HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS.  IT IS OBVIOUS THAT WE MUST HAVE HAD ZERO BANKER SHORT COVERING.

RESULT: A GOOD SIZED RISE IN OI COMEXWITH THE  9 CENT PRICE RISE.  OUR BANKERS COULD NOT COVER ANY OF THEIR HUGE SHORTFAL . 

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.944BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 124 NOTICE(S) FOR 620,000OZ OF SILVER.

In gold, the open interest ROSE BY 2858 CONTRACTS WITH THE GOOD SIZERISE in price of gold ($6.20 ) .  The new OI for the gold complex rests at 521,247. OUR BANKER FRIENDS COULD NOT COVER ANY OF THEIR GOLD SHORTS AS THEY RETREATED TO HIGHER GROUND.

 

Result: A GOOD SIZED INCREASE IN OI WITH THE RISE IN PRICE IN GOLD ($6.20). WE PROBABLY HAD ZERO BANKER GOLD SHORT COVERING BY THE BANKERS. 

we had: 5 notice(s) filed upon for 500 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 1289 contracts from 187,442  UP TO 188,711(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 THAT THE BANKERS COULD NOT ALSO COVER THEIR GOLD SHORTS COVERING . HOWEVER IT IS CLEAR THATSILVERIS BECOMING IMPOSSIBLE FOR THE CROOKS TO COVER.  THE BANKERS RETREATED TO HIGHER GROUND WHERE THEY WILL TRY AGAIN.

RESULT:  A GOOD SIZED INCREASE IN SILVER OI  AT THE COMEX WITH THERISE IN PRICE OF 9 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 THURSDAY night/FRIDAY morning: Shanghai closed UP 4,42 points or .13% /Hang Sang CLOSED UP 17,40 pts or .06% / The Nikkei closed UP 200.46 POINTS OR .96/Australia’s all ordinaires CLOSED UP 0.35%/Chinese yuan (ONSHORE) closed UPat 6.5877/Oil UP to 51.58 dollars per barrel for WTI and 57.45 for Brent. Stocks in Europe OPENED MIXED .  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.5877. OFFSHORE YUAN CLOSED STRONGER TO THE ONSHORE YUAN AT 6.5826 AND BOTH YUANS ARE STRONGER AGAINST THE DOLLAR. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOTHAPPY TODAY

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