PAUL MANAFORT ARRESTED TODAY ON 12 COUNTS OF TAX EVASION AND MONEY LAUNDERING

by Harvey Organ, Harvey Organ Blog:

GOLD REBOUNDS HIGHER BY $5.30 AND SILVER IS UP BY 8 CENTS/CHINA’S STOCK MARKET AND BOND MARKET FALL BADLY WITH THE YIELD CURVE ALREADY INVERTED SIGNIFYING THEIR ECONOMY IS SLOWING DOWN

GOLD: $1276.15 UP $5.30

Silver: $16.83 UP 8  cents

Closing access prices:

Gold $1276.20

silver: $16.86

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: $1287.00 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1271.87

PREMIUM FIRST FIX:  $15.13(premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1288.17

NY GOLD PRICE AT THE EXACT SAME TIME: $1270.30

Premium of Shanghai 2nd fix/NY:$17.87 PREMIUMS GETTING LARGER)

CHINA REJECTS NEW YORK PRICING OF GOLD!!!!  

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LONDON FIRST GOLD FIX:  5:30 am est  $1272.75

NY PRICING AT THE EXACT SAME TIME: $1271.15

LONDON SECOND GOLD FIX  10 AM: $1272.00

NY PRICING AT THE EXACT SAME TIME. 1273.70 ??

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 82 NOTICE(S) FOR  8200  OZ.

TOTAL NOTICES SO FAR: 3332  FOR 333,200 OZ  (10.326TONNES)

For silver:

OCTOBER

 

 1 NOTICE(S) FILED TODAY FOR

 

5,000  OZ/

Total number of notices filed so far this month: 1095 for 5,475,000 oz

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Bitcoin:  $6192 bid /$6212 offer up $458.00  (MORNING)

BITCOIN CLOSING;$6097 BID:6117. OFFER  UP $362.00

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Tomorrow is options expiry for the LBMA/London contracts and they generally expire at around 9 am to 11 am. Tomorrow is also first day notice for gold and silver comex and November is a non active month for both.

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY ROSE BY A good sized 2210 contracts from  194 ,053 UP TO 195,983 DESPITE  FRIDAY’S TRADING IN WHICH SILVER FELL BY 5 CENTS.  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 SURPRISING GOOD SIZED RISE IN OI COMEX  WITH THE  5 CENT PRICE LOSS.  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.  0.980 BILLION TO BE EXACT or 140% of annual global silver production (ex Russia & ex China).

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

In gold, the open interest SURPRISINGLY FELL BY A HUGE 8,635 CONTRACTS DESPITE THE RISE IN PRICE OF GOLD ($2.15) .  The new OI for the gold complex rests at 519,426. THE LOSS OF OI CONTRACTS WAS DUE TO THE ISSUING OF “EMERGENCY” EFP CONTRACTS WHERE A LONG RECEIVES A FIAT BONUS PLUS A DELIVERABLE PRODUCT ON A DIFFERENT EXCHANGE SUCH AS A LONDON FORWARD.  WE SEEMS THAT IN EXCESS OF 8700 EFP CONTRACTS WERE ISSUED AT THIS MONTH END FOR NOVEMBER. 

 

Result: A HUGE SIZED  DECREASE IN OI DESPITE RISE IN PRICE IN GOLD ($2.15).WE HAD CONSIDERABLE EFP’S ISSUED AT MONTH END AS THE CME USES THIS “EMERGENCY” VEHICLE IF NOT GOLD IS AVAILABLE TO BE DELIVERED UPON LONGS AT THE COMEX. 

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

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

GLD:   

STRANGE!! WITH GOLD UP FOR TWO DAYS: , A HUGE CHANGE  in gold inventory at the GLD/ A WITHDRAWAL OF 1.18 TONNES OF GOLD FROM THE GLD

Inventory rests tonight: 850.77 tonnes.

SLV

STRANGE:  WITH SILVER UP THESE PAST TWO TRADING DAYS WE HAD A BIG WITHDRAWAL IN SILVER INVENTORY AT THE SLV:  1.133 MILLION OZ

INVENTORY RESTS AT 319.155 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver SURPRISINGLY ROSE  BY A CONSIDERABLE 2210 contractsfrom 193,773  UP TO 195,983(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 THEIR ATTEMPT TO COVER ANY OF THEIR SILVER SHORTS.

RESULT:  A SURPRISING GOOD SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE 5 CENT LOSS 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. NO EFP’S WERE ISSUED FOR THE UPCOMING NOVEMBER CONTRACT

(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 DOWN 26.47 points or .77% /Hang Sang CLOSED DOWN 102.66 pts or 0.36% / The Nikkei closed UP 3.22 POINTS OR 0.01/Australia’s all ordinaires CLOSED UP 0.14%/Chinese yuan (ONSHORE) closed UP  at 6.645/Oil UP to 53.97 dollars per barrel for WTI and 60.52 for Brent. Stocks in Europe OPENED  MIXED  .  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.6450. OFFSHORE YUAN CLOSED AT VALUE OF THE ONSHORE YUAN AT 6.644 AND //ONSHORE YUAN  STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS HAPPY TODAY.

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