THE HIGH SILVER OPEN INTEREST FORCES THE BANKERS TO INITIATE ANOTHER RAID TODAY

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $4.75 AND SILVER DOWN 27 CENTS/ITALY’S TARGET 2 IMBALANCE AT A RECORD 433 BILLION EUROS WHICH CAN NEVER BE REPAID/THE SAUDIS NOW FREEZE OVER 1200 BANK ACCOUNTS/USA CONSUMER REVOLVING DEBT CLIMBS NOW OVER 1 TRILLION DOLLARS; NON REVOLVING DEBT: STUDENT LOANS AT A RECORD 1.478 TRILLION DOLLARS AND AUTO LOANS: 1.112 TRILLION DOLLARS

GOLD: $1275.40  DOWN $4.75

Silver: $16.95 DOWN 27  cents

Closing access prices:

Gold $1275.40

silver: $16.95

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: $1293.86 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1279.85

PREMIUM FIRST FIX:  $14.01(premiums getting smaller)

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SECOND SHANGHAI GOLD FIX: $1285.00

NY GOLD PRICE AT THE EXACT SAME TIME: $1279.00

Premium of Shanghai 2nd fix/NY:$6.00 PREMIUMS GETTING smaller)

 

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LONDON FIRST GOLD FIX:  5:30 am est  $1276.35

NY PRICING AT THE EXACT SAME TIME: $1276.30

LONDON SECOND GOLD FIX  10 AM: $1275.60

NY PRICING AT THE EXACT SAME TIME. 1276.95 ??

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 110 NOTICE(S) FOR  11000  OZ.

TOTAL NOTICES SO FAR: 966  FOR 96,600 OZ  (3.004TONNES)

For silver:

NOVEMBER

 

 7 NOTICE(S) FILED TODAY FOR

 

35,000  OZ/

Total number of notices filed so far this month: 863 for 4,315,000 oz

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Bitcoin:  $7174 bid /$7199 offer up $244.00  (MORNING)

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

end

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A HUGE  3562 contracts from 204 ,938 DOWN TO 208,500 WITH  YESTERDAY’S  TRADING IN WHICH SILVER ROSE BY A CONSIDERABLE  37 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 WITH NO APPRECIABLE FALL IN SILVER OI.YESTERDAY HUGE NUMBERS OF NEWBIE SPEC LONGS ENTERED THE SILVER ARENA TO WHICH OUR BANKERS DUTIFULLY SUPPLIED. 

RESULT: A HUGE SIZED RISE IN OI COMEX  WITH THE  CONSIDERABLE 37 CENT PRICE GAIN.  NEWBIE SPEC LONGS ENTERED THE ARENA AND THESE GUYS WERE DUTIFULLY SUPPLIED BY OUR CROOKED BANKERS.  THERE WAS NO SHORTCOVERING YESTERDAY.

 In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.042 BILLION TO BE EXACT or 149% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 7 NOTICE(S) FOR 35,000  OZ OF SILVER

In gold, the open interest ROSE BY A LARGER THAN EXPECTED 8303 CONTRACTS WITH THE GOOD SIZED RISE IN PRICE OF GOLD ($11.25) WITH YESTERDAY’S TRADING .  The new OI for the gold complex rests at 537,727. NEWBIE LONGS RE-ENTERED THE ARENA TO WHICH THE BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.. 

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

Result: A GOOD SIZED  INCREASE IN OI WITH THE RISE IN PRICE IN GOLD ($11.25). WE HAD ZERO BANK SHORT COVERING AS ANY OF OUR NEWBIE LONGS RE-ENTERED THE GOLD COMEX AREA TO WHICH OUR BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.

we had: 110 notice(s) filed upon for 11,000  oz of gold.

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

GLD:

A huge change in gold inventory at the GLD/ a withdrawal of 1.48 tonnes

Inventory rests tonight: 844.27 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 319.018 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 ROSE  BY A HUGE  3562 contracts from 204,938  UP TO 208,500 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH THE CONSIDERABLE RISE IN SILVER PRICE (RISE OF 37 CENTS).  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO COVER MUCH OF THEIR SILVER SHORTS. NEWBIE LONGS IN SILVER RE-ENTERED THE ARENA TO WHICH THE BANKERS  DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.

RESULT:  A GOOD SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE 37 CENT RISE IN PRICE  (WITH RESPECT TO YESTERDAY’S TRADING). OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF THEIR HUGE BURGEONING SILVER SHORTS . .NO EFP’S WERE ISSUED FOR THE UPCOMING NOVEMBER CONTRACT.  NEWBIE LONGS RE=ENTERED THE SILVER ARENA TO WHICH OUR BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.

(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 MONDAY night/TUESDAY morning: Shanghai closed UP 25.40 points or .75% /Hang Sang CLOSED UP 397.54 pts or 1.39% / The Nikkei closed UP 389.25 POINTS OR 1.73%/Australia’s all ordinaires CLOSED UP 1.00%/Chinese yuan (ONSHORE) closed DOWN  at 6.635/Oil UP to 57.26 dollars per barrel for WTI and 63.99 for Brent. Stocks in Europe OPENED  RED  .  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.638. OFFSHORE YUAN CLOSED STRONGER TO THE ONSHORE YUAN AT 6.635  //ONSHORE YUAN  WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT VERY HAPPY TODAY.

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