GOLD AND SILVER DOWN ON COMEX OPTIONS EXPIRY

by Harvey Organ, Harvey Organ Blog:

ECB EXTENDS QE BY PURCHASING 30 BILLION EUROS WORTH OF BONDS PER MONTH UNTIL SEPT 2018 AND THIS DOVISH RESPONSE IS BAD FOR GOLD?/SEE-SAW EVENTS IN CATALONIA TODAY WITH THEIR PARLIAMENT TO DECIDE FOR INDEPENDENCE/IN THE USA THE DEPT OF JUSTICE HAS CLEARED THE WAY FOR “CONFIDENTIAL ONE” TO TESTIFY IN THE HILLARY CLINTON/CLINTON FOUNDATION/URANIUM BRIBERY SCANDAL/VENEZUELA SET TO DEFAULT IN 48 HRS

GOLD: $1269.00 down $8.80

Silver: $16.80 DOWN 15  cents

Closing access prices:

Gold $1267.90

silver: $16.80

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: $1291.03 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1280.50

PREMIUM FIRST FIX:  $10.53(premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1291.03

NY GOLD PRICE AT THE EXACT SAME TIME: $1281.00

Premium of Shanghai 2nd fix/NY:$10.03 PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $1278.20

NY PRICING AT THE EXACT SAME TIME: $1277.75

LONDON SECOND GOLD FIX  10 AM: $1273.75

NY PRICING AT THE EXACT SAME TIME. 1274.70 ??

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 85 NOTICE(S) FOR  8500  OZ.

TOTAL NOTICES SO FAR: 3173  FOR 317,300 OZ  (9.869TONNES)

For silver:

OCTOBER

 

 28 NOTICES FILED TODAY FOR

 

140,000  OZ/

Total number of notices filed so far this month: 1057 for 5,285,000 oz

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Bitcoin:  $5834 bid /$58544 offer UP $155.00  (MORNING)

BITCOIN CLOSING;$5833 BID:5853. OFFER  up $155.00

end

Let us have a look at the data for today

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In silver, the total open interest  FELL BY A TINY  37 contracts from  193 ,899 DOWN TO 193,862 WITH  YESTERDAY’S TRADING IN WHICH SILVER HAD NO GAIN.  THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS SO THEY CONTINUE TO TORMENT. THIS IS OPTIONS EXPIRY WEEK FOR BOTH GOLD AND SILVER SO WE MUST EXPECT SOFTNESS IN OUR METAL PRICES UNTIL THE 31ST OF OCTOBER. THEY ARE ALSO TARGETING THE 200 DAY AVERAGE FOR GOLD AT $1266.00

RESULT: A TINY SIZED FALL IN OI COMEX  WITH THE  0 CENT PRICE GAIN.  OUR BANKERS COULD NOT COVER ANY OF THEIR HUGE SHORTFALL.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.970 BILLION TO BE EXACT or 139% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 64 NOTICE(S) FOR 320,000  OZ OF SILVER.

In gold, the open interest  FELL BY 453 CONTRACTS DESPITE THE RISE IN PRICE OF GOLD ($0.70) .  The new OI for the gold complex rests at 526,221. OUR BANKER FRIENDS COULD NOT COVER ANY OF THEIR SHORTFALL DESPITE THE CONSTANT WHACKING .  THIS IS OPTIONS EXPIRY WEEK SO IT IS FITTING THAT THE BANKERS WILL TRY TO SHAKE AS MANY GOLD/SILVER LEAVES AS POSSIBLE. THE TORMENT WILL NO DOUBT END ON OCT 31.2017

 

Result: A SMALL SIZED  DECREASE IN OI DESPITE RISE IN PRICE IN GOLD ($0.70). WE HAD MINIMAL BANKER GOLD SHORT COVERING AS THE BANKERS FAILED MISERABLY TO LOOSEN ANY GOLD LEAVES FROM THE GOLD TREE YESTERDAY. THIS IS OPTIONS EXPIRY WEEK SO EXCEPT SOFTNESS IN OUR PRECIOUS METALS UNTIL OCT 31.

we had: 85 notice(s) filed upon for 8500  oz of gold.

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

GLD:   

Tonight , A HUGE CHANGE  in gold inventory at the GLD/ A WITHDRAWAL OF 1.18 TONNES FROM THE GLD

Inventory rests tonight: 851.95 tonnes.

SLV

Today: NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 320.288 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 FELL   BY  37 contracts from 193,899  UP TO 193,862(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 ANY OF THEIR SILVER SHORTS.

RESULT:  A TINY SIZED DECREASE IN SILVER OI  AT THE COMEX DESPITE THE ZERO GAIN IN PRICE  (WITH RESPECT TO YESTERDAY’S TRADING). OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF OUR SILVER SHORTS . EXPECT SOFTNESS FOR THE REST OF THE WEEK AS WE ARE NOW IN OPTIONS EXPIRY WEEK.

(report Harvey)

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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 10.67 points or .31% /Hang Sang CLOSED DOWN 100.51 pts or 0.36% / The Nikkei closed UP 32.16 POINTS OR .15/Australia’s all ordinaires CLOSED UP 0.17%/Chinese yuan (ONSHORE) closed UP  at 6.634/Oil DOWN to 52.17 dollars per barrel for WTI and 58.22 for Brent. Stocks in Europe OPENED IN THE GREEN EXCEPT LONDON  .  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.634. OFFSHORE YUAN CLOSED AT VALUE OF THE ONSHORE YUAN AT 6.634 AND //ONSHORE YUAN  STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS  HAPPY TODAY.

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