SILVER IS THE STAR OF THE DAY:UP 2.8% OR 48 CENTS

by Harvey Organ, Harvey Organ Blog:

A LONDON BASED COMPANY IS THE FIRST MAJOR TRADING COMPANY TO BE DINGED WITH “GHOST COLLATERAL” COMING FROM CHINA/GOLD UP $6.60/AT THE COMEX WE HAVE CONTINUAL QUEUE JUMPING IN BOTH GOLD AND SILVER/POWELL TO BE THE NEXT FED CHAIR

GOLD: $1276.60  UP $6.60

Silver: $17.18 UP 48  cents

Closing access prices:

Gold $1275.00

silver: $17.13

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: $1283.60 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1269.60

PREMIUM FIRST FIX:  $14.00(premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1297.34

NY GOLD PRICE AT THE EXACT SAME TIME: $1274.50

Premium of Shanghai 2nd fix/NY:$22.84 PREMIUMS GETTING LARGER)

CHINA REJECTS NEW YORK PRICING OF GOLD!!!!  

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LONDON FIRST GOLD FIX:  5:30 am est  $1279.25

NY PRICING AT THE EXACT SAME TIME: $1279.00

LONDON SECOND GOLD FIX  10 AM: $1277.05

NY PRICING AT THE EXACT SAME TIME. 1273.30 ??

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 186 NOTICE(S) FOR  18,600  OZ.

TOTAL NOTICES SO FAR: 709  FOR 70,900 OZ  (2.205TONNES)

For silver:

NOVEMBER

 

 140 NOTICE(S) FILED TODAY FOR

 

700,000  OZ/

Total number of notices filed so far this month: 567 for 2,835,000 oz

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Bitcoin:  $6517 bid /$6527 offer up $86.00  (MORNING)

BITCOIN CLOSING;$6581 BID:6601. OFFER  UP $146.00

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Today gold had a pretty good day rising by $6.60 but it was silver that was star of the show rising by 48 cents or 2.8%. This time around silver rose for no apparent reason.  It is obvious that its huge 196,000 short comex contracts are having its effect on our bankers.  As I have outlined to you for the past few months, the banks are desperate trying to cover but to no avail.  They have en masse decided to run to higher ground where they will regroup and try again.  If the silver price runs away from them like the Bitcoin price, our banker friends will implode.

Let us have a look at the data for today

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In silver, the total open interest  ROSE BY A LARGE SIZED 2419 contracts from 196 ,434 UP TO 198,853 DESPITE  YESTERDAY’S TRADING IN WHICH SILVER FELL BY 13 CENTS.  THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS SO THEY CONTINUE TO TORMENT. 

RESULT: A GOOD SIZED RISE IN OI COMEX  WITH THE  13 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.  0.993 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 140 NOTICE(S) FOR 700,000  OZ OF SILVER

In gold, the open interest SURPRISINGLY ROSE BY A CONSIDERABLE 2419 CONTRACTS DESPITE THE GOOD SIZED FALL IN PRICE OF GOLD ($6.15) .  The new OI for the gold complex rests at 531,918. 

NO EFP’S WERE ISSUED FOR THE UPCOMING NOVEMBER CONTRACT MONTH.

Result: A GOOD SIZED  INCREASE IN OI DESPITE THE FALL IN PRICE IN GOLD ($6.15). THERE CERTAINLY WAS NO SHORT COVERING BY THE BANKERS WITH THE RAID YESTERDAY 

we had: 186 notice(s) filed upon for 18,600  oz of gold.

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

GLD:

Strange! with gold up $6.60 today, we had a withdrawal of 1.18 tonnes of gold from  inventory at the GLD/

Inventory rests tonight: 849.59 tonnes.

SLV

STRANGE:  WITH SILVER DOING WELL THESE PAST THREE TRADING DAYS AND ESPECIALLY TODAY WITH A HUGE GAIN OF 48 CENTS, WE HAD NO DEPOSIT GAIN IN SILVER INVENTORY AT THE SLV:

INVENTORY RESTS AT 319.155 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  ROSE  BY A HUGE 2419 contracts from 196,434  UP TO 198,853 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE FALL IN SILVER PRICE (LOSS OF 13 CENTS).   OUR BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF THEIR SILVER SHORTS.

RESULT:  A GOOD SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE 13 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 . .NO EFP’S WERE ISSUED FOR THE UPCOMING NOVEMBER CONTRACT

(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

i)Late TUESDAY night/WEDNESDAY morning: Shanghai closed UP 2.57 points or .08% /Hang Sang CLOSED UP 348.52 pts or 1.23% / The Nikkei closed UP 408.47 POINTS OR 1.86/Australia’s all ordinaires CLOSED UP 0.49%/Chinese yuan (ONSHORE) closed UP  at 6.611/Oil UP to 55.01 dollars per barrel for WTI and 61.48 for Brent. Stocks in Europe OPENED IN THE GREEN  .  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.611. OFFSHORE YUAN CLOSED AT VALUE OF THE ONSHORE YUAN AT 6.6112  //ONSHORE YUAN  STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS VERY HAPPY TODAY.

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