UNSUCCESSFUL RAID ATTEMPT BY THE BANKERS: GOLD DOWN ONLY $3.75 AND SILVER DOWN ONL 2 CENTS

by Harvey Organ, Harvey Organ Blog:

MARK CARNEY REVEALS THAT IT WILL BE THE EU THAT WILL SUFFER ON A HARD BREXIT

GOLD: $1281.20 DOWN $3.75

Silver: $17.00 DOWN 2 cents

Closing access prices:

Gold $1280.50

silver: $17.00

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: $1296.60 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1288.20

PREMIUM FIRST FIX:  $8.42 (premiums getting larger)

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1296;60

NY GOLD PRICE AT THE EXACT SAME TIME: $1288.20

Premium of Shanghai 2nd fix/NY:$8.42(PREMIUMS GETTING LARGER)  

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1280.65

NY PRICING AT THE EXACT SAME TIME: $1281.00

LONDON SECOND GOLD FIX  10 AM: $1280.20

NY PRICING AT THE EXACT SAME TIME. 1280.80

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 82 NOTICE(S) FOR  8,200OZ.

TOTAL NOTICES SO FAR: 2436 FOR 243,600 OZ  (7.576TONNES)

For silver:

OCTOBER

 

 48 NOTICES FILED TODAY FOR

 

240,000  OZ/

Total number of notices filed so far this month: 776 for 3,880,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Bitcoin:  $5558 bid /$5546 offer DOWN $29.40(MORNING)

BITCOIN CLOSING;$5409.00 BID/$5428.00 DOWN $148.00

end

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest SURPRISINGLY FELL BY ONLY 334 contracts from  192,262  UP TO 191,928 WITH RESPECT TO YESTERDAY’S TRADING (DOWN 33 CENTS).  THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS.  IT IS OBVIOUS THAT WE MUST HAVE HAD MINIMAL BANKER SHORT COVERING AND THUS THE REASON FOR ANOTHER RAID TODAY.

RESULT: A TINY SIZED FALL IN OI COMEXWITH THE  33 CENT PRICE FALL.  OUR BANKERS COULD NOT COVER ANY OF THEIR HUGE SHORTFALL AND THUS ANOTHER CONTINUAL RAID WAS CALLED UPON . 

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.961 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 48 NOTICE(S) FOR 240,000OZ OF SILVER.

In gold, the open interest FELL BY A FAIR 4334 CONTRACTS DESPITE THE HUGE  FALL IN PRICE OF GOLD ($17.40) .  The new OI for the gold complex rests at 528,800 .OUR BANKER FRIENDS  COVERED ONLY A SMALL AMOUNT OF THEIR GOLD SHORTS SO THEYCOMMENCED ANOTHER  RAID THIS MORNING..

 

Result: A FAIR SIZED DECREASE IN OI WITH THE FALL IN PRICE IN GOLD ($17.40). WE HAD SOME BANKER GOLD SHORT COVERING BY THE BANKERS WHICH WAS NOT ENOUGH FOR OUR CROOKS  SO ANOTHER RAID WAS INITIATED TODAY . 

we had: 82 notice(s) filed upon for 8200 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:   

Tonight , NO CHANGESin gold inventory at the GLD/

Inventory rests tonight: 853.13 tonnes.

SLV

Today:  A HUGE change in inventory: A MONSTROUS WITHDRAWAL OF 3.49 MILLIONOZ

INVENTORY RESTS AT 322.271 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver FELL BY A TINY 334 contracts from 192,262  DOWN TO 191,928(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) .  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN COVERING THEIR SILVER SHORTS. THE DATA ALSO SUGGESTS THAT THE BANKERS COULD ONLY COVER A SMALL THEIR GOLD SHORTS  . HOWEVER IT IS CLEAR THATSILVERIS BECOMING IMPOSSIBLE FOR THE CROOKS TO COVER.

RESULT:  A TINY SIZED DECREASE IN SILVER OI  AT THE COMEX WITH THE HUGE  FALL IN PRICE OF 33CENTS 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

)Late WEDNESDAY night/THURSDAY morning: Shanghai closed UP 9.73 points or .29% /Hang Sang CLOSED UP 14.27 pts or .05% / The Nikkei closed UP 26.93 POINTS OR .13/Australia’s all ordinaires CLOSED DOWN 0.05%/Chinese yuan (ONSHORE) closed DOWNat 6.6240/Oil UP to 52.09 dollars per barrel for WTI and 58.83 for Brent. Stocks in Europe OPENED IN THE GREEN EXCEPT SPAIN .  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6240. OFFSHORE YUAN CLOSED STRONGER TO THE ONSHORE YUAN AT 6.6231AND //ONSHORE YUANWEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT PARTICULARLYHAPPY TODAY.

Read More @ HarveyOrganBlog.com