GOLD REBOUNDS NICELY UP $11.25 TO $1280.15 BUT THE STAR OF TODAY IS SILVER UP 37 CENTS CLOSING AT $17.22

by Harvey Organ, Harvey Organ Blog:

SHANGHAI PREMIUMS TO NY PRICING IS $23.08/TROUBLE IN CHINA’S SHADOW BANKING SECTOR/CHAOS SUPREME REIGNS OVER SAUDI ARABIA AND THIS MAY LEAD TO A MIDDLE EAST WAR/BILL HOLTER..A MUST READ FOR TONIGHT/SENSELESS TERROR YESTERDAY IN TEXAS/TAX REFORM LEGISLATION IS ALREADY DEAD ON ARRIVAL IN THE SENATE

GOLD: $1280.15  UP $11.25

Silver: $17.22 UP 37  cents

Closing access prices:

Gold $1282.00

silver: $17.22

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: $1291.77 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1269.00

PREMIUM FIRST FIX:  $22.77(premiums getting larger)

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1291.58

NY GOLD PRICE AT THE EXACT SAME TIME: $1268.50

Premium of Shanghai 2nd fix/NY:$23.08 PREMIUMS GETTING HUGE)

CHINA REJECTS NEW YORK PRICING OF GOLD!!!!  

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1271.60

NY PRICING AT THE EXACT SAME TIME: $1271.60

LONDON SECOND GOLD FIX  10 AM: $1270.90

NY PRICING AT THE EXACT SAME TIME. 1271.80 ??

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 27 NOTICE(S) FOR  2700  OZ.

TOTAL NOTICES SO FAR: 856  FOR 85,600 OZ  (2.662TONNES)

For silver:

NOVEMBER

 

 10 NOTICE(S) FILED TODAY FOR

 

50,000  OZ/

Total number of notices filed so far this month: 856 for 4,280,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Bitcoin:  $7361 bid /$7368 offer up $138.00  (MORNING)

BITCOIN CLOSING;$7099 BID:7124. OFFER  down $124.00

end

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest SURPRISINGLY FELL BY A SMALL SIZED 1130 contracts from 206 ,068 DOWN TO 204,938 DESPITE  FRIDAY’S  TRADING IN WHICH SILVER FELL BY A CONSIDERABLE  27 CENTS.  THE CROOKS NO DOUBT ARE PULLING THEIR HAIR AS THEY ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS.  THEY TRY TO CONTINUE WITH THEIR TORMENT LIKE THE RAID ON FRIDAY.  A FEW NEWBIE SPEC LONGS LEFT THE SILVER ARENA AND THUS WE HAVE A VERY TINY BANKER SHORT COVERING. 

RESULT: A SMALL SIZED FALL IN OI COMEX  DESPITE THE  CONSIDERABLE 27 CENT PRICE LOSS.  OUR BANKERS COULD HARDLY COVER ANY OF THEIR HUGE SHORTFALL DESPITE THE MANIPULATED CRIMINAL BANKER RAID WHICH HAD THEIR OBJECT OF THE EXERCISE TO CAUSE AS MANY SILVER LEAVES TO FALL FROM THE SILVER TREE. AS WE HAVE WITNESSED ON COUNTLESS OCCASIONS WITH RESPECT TO SILVER, IT FAILED MISERABLY. 

 In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.025 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 10 NOTICE(S) FOR 50,000  OZ OF SILVER

In gold, the open interest FELL BY A LESS THAN EXPECTED 4,347 CONTRACTS WITH THE GOOD SIZED FALL IN PRICE OF GOLD ($8.65) WITH FRIDAY’S TRADING .  The new OI for the gold complex rests at 529,124. NEWBIE LONGS EXITED THE ARENA TO WHICH THE BANKERS COVERED. 

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

Result: A GOOD SIZED  DECREASE IN OI WITH THE FALL IN PRICE IN GOLD ($8.65). WE HAD SOME BANK SHORT COVERING AS SOME OF OUR NEWBIE LONGS GOT STOP LOSSED OUT OF THEIR CONTRACTS. 

we had: 27 notice(s) filed upon for 2700  oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

A tiny change in gold inventory at the GLD/ a withdrawal of .29 tonnes to pay for fees  and insurance

Inventory rests tonight: 845.75 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 319.018 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver FELL  BY A TINY  1130 contracts from 206,068  UP TO 204,938 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE CONSIDERABLE FALL IN SILVER PRICE (FALL OF 27 CENTS).  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH OF THEIR SILVER SHORTS. NEWBIE LONGS IN SILVER EXITED THE ARENA TO WHICH THE BANKERS WERE DUTIFULLY COVERED.

RESULT:  A TINY SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE 27 CENT FALL IN PRICE  (WITH RESPECT TO FRIDAY’S RAID). OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH OF THEIR HUGE BURGEONING SILVER SHORTS . .NO EFP’S WERE ISSUED FOR THE UPCOMING NOVEMBER CONTRACT.  HOWEVER THE CRIMINAL BANKERS COVERED A TINY AMOUNT OF THE SHORTS AS NEWBIE LONGS GOT STOP-LOSSED OUT OF THEIR LONGS. 

(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 16.43 points or .49% /Hang Sang CLOSED DOWN 6.81 pts or 0.02% / The Nikkei closed UP 9.23 POINTS OR .04%/Australia’s all ordinaires CLOSED DOWN 0.05%/Chinese yuan (ONSHORE) closed DOWN  at 6.633/Oil UP to 55.94 dollars per barrel for WTI and 62.54 for Brent. Stocks in Europe OPENED  RED  .  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.633. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.635  //ONSHORE YUAN  WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT VERY HAPPY TODAY

Read More @ HarveyOrganBlog.com