GOLD WITHSTANDS ANOTHER ATTACK FROM THE BANKERS AS IT RISES BY $3.25

by Harvey Organ, Harvey Organ Blog:

SILVER HOWEVER DOWN 11 CENTS/NIKKEI SWOONS 800 POINTS BEFORE BEING RESCUED BY THEIR PPT/SAUDI ARABIA, KUWAIT AND UAE ALL THEIR CITIZENS TO LEAVE LEBANON IMMEDIATELY AS WAR SEEMS IMMINENT

GOLD: $1287.00  UP $3.25

Silver: $17.00 DOWN 11  cents

Closing access prices:

Gold $1285.50

silver: $16.99

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: $1289.93 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1281.60

PREMIUM FIRST FIX:  $8.33(premiums getting LARGER  AGAIN)

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SECOND SHANGHAI GOLD FIX: $1293.60

NY GOLD PRICE AT THE EXACT SAME TIME: $1283.70

Premium of Shanghai 2nd fix/NY:$9.90 PREMIUMS GETTING LARGER AGAIN)

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LONDON FIRST GOLD FIX:  5:30 am est  $1284.40

NY PRICING AT THE EXACT SAME TIME: $1283.95

LONDON SECOND GOLD FIX  10 AM: $1284.80

NY PRICING AT THE EXACT SAME TIME. 1284.60

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 2 NOTICE(S) FOR  200  OZ.

TOTAL NOTICES SO FAR: 975  FOR 97,500 OZ  (3.032TONNES)

For silver:

NOVEMBER

 

 5 NOTICE(S) FILED TODAY FOR

 

25,000  OZ/

Total number of notices filed so far this month: 869 for 4,345,000 oz

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Bitcoin: BID  $7119 OFFER /$7149    DOWN $328.00  (MORNING)

BITCOIN CLOSING;  BID $7192 OFFER: 7217 //  DOWN $265.00

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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 A CONSIDERABLE  1386 contracts from 208,500 DOWN TO 201,944 DESPITE  YESTERDAY’S  TRADING IN WHICH SILVER ROSE BY A RATHER LARGE  16 CENTS. THIS TIME WE HAD OVER 1000 EFP’S ISSUED BY OUR BANKERS IN SILVER FOR DECEMBER DUE TO THEIR “EMERGENCY SITUATION” WHERE THEY DO NOT HAVE ENOUGH METAL TO SERVE UPON OUR LONGS.  OUR LONGS AT THE COMEX RECEIVE A FIAT BONUS  PLUS A DELIVERABLE PRODUCT AT A DIFFERENT EXCHANGE AND THAT NO DOUBT IS LONDON. THIS IS THE EARLIEST THAT I HAVE SEEN THAT EFP’S HAVE BEEN ISSUED FOR AN UPCOMING DELIVERY MONTH.  GENERALLY IT IS GOLD THAT IS THE MEGA RECIPIENT OF EFP’S WITH SILVER MUCH SMALLER.  SO NO DOUBT WE WILL SEE HUGE AMOUNTS OF EFP’S ISSUED WITHIN A WEEK OF FIRST DAY NOTICE.

RESULT: A GOOD SIZED DROP IN OI COMEX  DESPITE THE  CONSIDERABLE 16 CENT PRICE RISE. COMEX LONGS EXITED OUT OF THE COMEX WITH OVER 1000 EFP’S ISSUED FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. 

 In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.009 BILLION TO BE EXACT or 144% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 5 NOTICE(S) FOR 25,000  OZ OF SILVER

In gold, the open interest FELL  BY A TINY 453 CONTRACTS DESPITE THE GOOD SIZED RISE IN PRICE OF GOLD ($8.35) WITH YESTERDAY’S TRADING . WE MAY HAVE HAD SOME MINOR BANKER SHORT COVERING IN GOLD. The new OI for the gold complex rests at 536,390. NEWBIE LONGS RE-ENTERED THE ARENA TO WHICH THE BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER..OUR BANKERS WERE MAY HAVE BEEN SUCCESSFUL IN COVERING A TINY PORTION OF THEIR GOLD SHORTS. 

NO EFP’S WERE ISSUED FOR THE DECEMB CONTRACT MONTH.

Result: A TINY SIZED  DECREASE IN OI DESPITE THE RISE IN PRICE IN GOLD ($8.35). WE MAY HAVE HAD SOME BANK SHORT COVERING.  WE CERTAINLY  HAD NEWBIE LONGS RE-ENTERING THE GOLD COMEX AREA TO WHICH OUR BANKERS REGRETFULLY SUPPLIED THE NECESSARY SHORT PAPER.

we had: 2 notice(s) filed upon for 200  oz of gold.

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

GLD:

No changes in gold inventory at the GLD/

Inventory rests tonight: 843.09 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 318.074 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 FELL  BY A LARGE  1386 contracts from 208,500  DOWN TO 201,944 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE CONSIDERABLE RISE IN SILVER PRICE (A GAIN OF 16 CENTS). OUR BANKERS USED THEIR EMERGENCY PROCEDURE OF OVER 1000 EFP’S FOR DECEMBER WHICH GIVES OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THIS IS QUITE EARLY FOR THESE EFP ISSUANCE..USUALLY WE WITNESS THIS ONE WEEK PRIOR TO FIRST DAY NOTICE AND THIS CONTINUES RIGHT UP UNTIL FDN.

RESULT:  A GOOD SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE 16 CENT FALL IN PRICE  (WITH RESPECT TO YESTERDAY’S TRADING). OUR BANKER FRIENDS ISSED OVER 1000 EFP’S WHICH GIVES COMEX LONG HOLDERS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.

(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 WEDNESDAY night/THURSDAY morning: Shanghai closed UP 12.34 points or .36% /Hang Sang CLOSED UP 228.97 pts or 0.78% / The Nikkei closed DOWN 45.11 POINTS OR 0.20%/Australia’s all ordinaires CLOSED UP 0.55%/Chinese yuan (ONSHORE) closed DOWN  at 6.6380/Oil DOWN to 56.88 dollars per barrel for WTI and 63.48 for Brent. Stocks in Europe OPENED  RED  .  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6380. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.6447  //ONSHORE YUAN  WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS  VERY HAPPY TODAY

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