GOLD AND SILVER REBOUND ON EITHER TRUMP’S CLOSE TO PICKING A FED NOMINEE OR MOST LIKELY REACTING TO IMMINENT THREAT COMING FROM NORTH KOREA

by Harvey Organ, Harvey Organ Blog:

TROUBLE IN SPAIN AS ARTICLE 155 IS INVOKED AND THE CATALANS RESPOND TO CREATE HAVOC/GENERAL ELECTRIC AGAIN CRASHES AS A SIGN OF POOR GLOBAL GROWTH/VENEZUELA MOST PROBABLY WILL DEFAULT IN THE NEXT FEW WEEKS AS INCOME IS FALTERING FROM ITS OIL OPERATIONS

GOLD: $1279.65 UP $0.30

Silver: $17.05 UP 2 cents

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: $1290.33 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1275.55

PREMIUM FIRST FIX:  $14.78(premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1290.33

NY GOLD PRICE AT THE EXACT SAME TIME: $1276.55

Premium of Shanghai 2nd fix/NY:$13.78 PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $1275.25

NY PRICING AT THE EXACT SAME TIME: $1275.85

LONDON SECOND GOLD FIX  10 AM: $1274.90

NY PRICING AT THE EXACT SAME TIME. 1274.75

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 4 NOTICE(S) FOR  400OZ.

TOTAL NOTICES SO FAR: 2443 FOR 244,300 OZ  (7.599TONNES)

For silver:

OCTOBER

 

 5 NOTICES FILED TODAY FOR

 

25,000  OZ/

Total number of notices filed so far this month: 784 for 3,920,000 oz

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Bitcoin:  $5659 bid /$5678 offer DOWN $278.00(MORNING)

BITCOIN CLOSING;$5904 BID:5924. OFFERDOWN $29.00

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Let us have a look at the data for today

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In silver, the total open interest FELL BY ONLY 722 contracts from  193 ,086 DOWN TO 192,364 WITH RESPECT TO FRIDAY’S TRADING (DOWN  22 CENTS).  THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS. 

RESULT: A SMALL SIZED FALL IN OI COMEXWITH THE  22 CENT PRICE FALL.  OUR BANKERS COULD NOT COVER MUCH OF THEIR HUGE SHORTFALL

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.966 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 14 NOTICE(S) FOR 70,000OZ OF SILVER.

In gold, the open interest SURPRISINGLY FELL  BY ONLY722 CONTRACTS DESPITE THECONSIDERABLE FALL IN PRICE OF GOLD ($9.05) .  The new OI for the gold complex rests at 529,313. OUR BANKER FRIENDS  COULD NOT COVER ANY OF THEIR GOLD SHORTS AS THEIR RAID FAILED MISERABLY IN THE ATTEMPT TO COVER ON FRIDAY..SO THEY INITIATED ANOTHER RAID THIS MORNING AND THAT ENDED IN FAILURE.

 

Result: A SMALL SIZEDDECREASE IN OI WITH CONSIEREABLE FALL IN PRICE IN GOLD ($9.05). WE HAD MINIMAL BANKER GOLD SHORT COVERING AS THE BANKERS FAILED MISERABLY TO LOOSEN ANY GOLD LEAVES FROM THE GOLD TREE ON FRIDAY..SO THEY INITIATED ANOTHER RAID THIS MORNING WHICH ENDED IN FAILURE..

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: 853.13 tonnes.

SLV

Today:   STRANGE!! WITH SILVER CLOSING HIGHER WE HAD A WITHDRAWAL OF 1,039,000 OZ FROM THE SLV

INVENTORY RESTS AT 320.288 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 SURPRISINGLY FELL  BY ONLY 722 contractsfrom 193,098  DOWN TO 192,364(AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) .  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH OF THEIR SILVER SHORTS.

RESULT:  A SMALL DECREASE IN SILVER OI  AT THE COMEX WITH THE  GOOD SIZED FALL IN PRICE OF 22 CENTS (WITH RESPECT TO FRIDAY’S TRADING). OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH 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 SUNDAY night/MONDAY morning: Shanghai closed UP 2.05 points or .06% /Hang Sang CLOSED DOWN 181.36 pts or 0.64% / The Nikkei closed UP 239.01 POINTS OR .04/Australia’s all ordinaires CLOSED UP 0.19%/Chinese yuan (ONSHORE) closed DOWNat 6.6403/Oil UP to 52.13 dollars per barrel for WTI and 57.77 for Brent. Stocks in Europe OPENED IN THE GREEN EXCEPT SPAIN.  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6403. OFFSHORE YUAN CLOSED STRONGER TO THE ONSHORE YUAN AT 6.6501 AND //ONSHORE YUANWEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT HAPPY TODAY.

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