from Harvey Organ, Harvey Organ Blog:
KIM AND TRUMP SILENT ON THE NORTH KOREAN POWDER KEG/CHINA REINS IN ITS SHADOW BANKING SECTOR AND WE SHOULD EXPECT BANK RUNS SHORTLY/CARNAGE IN THE USA RESTAURANT BUSINESS AND BRICKS AND MORTAR
GOLD: $1273.70 DOWN $11.00
Silver: $16.70 DOWN 44 cent(s)
Closing access prices:
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: $1281.93 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1274.90
PREMIUM FIRST FIX: $5.02
SECOND SHANGHAI GOLD FIX: $1279.81
NY GOLD PRICE AT THE EXACT SAME TIME: $1274.15
Premium of Shanghai 2nd fix/NY:$5.66
LONDON FIRST GOLD FIX: 5:30 am est $1274.60
NY PRICING AT THE EXACT SAME TIME: $1274.80
LONDON SECOND GOLD FIX 10 AM: $1282.30
NY PRICING AT THE EXACT SAME TIME. $1282.30
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 26 NOTICE(S) FOR 2600 OZ.
TOTAL NOTICES SO FAR: 4547 FOR 454700 OZ (14.14 TONNES)
70 NOTICES FILED TODAY FOR
Total number of notices filed so far this month: 900 for 4,500,000 oz
Today, the bankers succeeded in their raid on both gold and silver. The open interest in silver continues to fall despite a rise in price (yesterday) and it sure looks like banker capitulation as they try to extricate themselves from their mess. It will be important to see how much open interest in both gold and silver evaporated. It will get the numbers late tonight (after 11 pm) and I will insert them between the xxx’s
preliminary OI for tonight 11 pm est
Let us have a look at the data for today
In silver, the total open interest SURPRISINGLY FELL AGAIN BY573 contracts from 189,478 DOWN TO 188,905 DESPITE THE RISE IN THE PRICE THAT SILVER TOOK WITH RESPECT TO YESTERDAY’S TRADING (UP 6 CENT(S) AND THE FAILED RAID. SIMPLE EXPLANATION SAME STORY AS YESTERDAY: THE BANKERS HAVE CAPITULATED….THEY ARE TRYING TO COVER THEIR SHORTFALL AT HIGHER AND HIGHER PRICES. THE BANKERS ARE HAVING EXTREME DIFFICULTY IN SUPPLYING ADDITIONAL SHORT PAPER AND LONGS CONTINUE TO ADVANCE TAKING ON THE BANKER SHORTS. THE BATTLE OF WATERLOO WILL BE FAST APPROACHING
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.945 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 70 NOTICE(S) FOR 350,000OZ OF SILVER
In gold, the open interest FELL by A TINY 772 WITH the FALL in price of gold ($3.10 GAIN YESTERDAY.) The new OI for the gold complex rests at 480,143. A raid was called upon by the bankers and it failed. The bankers supplied the short paper but just as many longs entered the arena as banker shorts covered. Thus a small gain in open interest.
we had: 26 notice(s) filed upon for 2600 oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
Today, no changes in gold inventory:
Inventory rests tonight: 791.01 tonnes
IN THE LAST 22 TRADING DAYS: GLD SHEDS 45.96 TONNES YET GOLD IS HIGHER BY $35.85 .
Today: : WE NO CHANGES IN SILVER INVENTORY TONIGHT:
INVENTORY RESTS AT 335.825 MILLION OZ
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver FALL BY 573 contracts from 189,478 down to 188,905 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787). THE FALL IN OPEN INTEREST WAS ACCOMPANIED BY A SMALL RISE IN PRICE AND FOR THE FIRST TIME WE ARE WITNESSING BANKER CAPITULATION. BANKERS ARE LOATHE TO SUPPLY NEW SHORT PAPER AND THE LONGS CONTINUE TO ENTER THE ARENA PURCHASING WHATEVER SILVER THEY CAN AND WILLING TO TAKE ON OUR CROOKED BANKERS.
2.a) The Shanghai and London gold fix report
2 b) Gold/silver trading overnight Europe, Goldcore
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)Late MONDAY night/TUESDAY morning: Shanghai closed UP 13.90 POINTS OR 0.43% / /Hang Sang CLOSED DOWN 75.27 POINTS OR 0.28% The Nikkei closed UP 216.21 POINTS OR 1.11%/Australia’s all ordinaires CLOSED UP 0.43%/Chinese yuan (ONSHORE) closed DOWN at 6.6817/Oil DOWN to 47.37 dollars per barrel for WTI and 50.36 for Brent. Stocks in Europe OPENED DEEPLY IN THE GREEN , Offshore yuan trades 6.6930 yuan to the dollar vs 6.6817 for onshore yuan. NOW THE OFFSHORE IS WEAKER TO THE ONSHORE YUAN/ ONSHORE YUAN WEAKER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS MUCH WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA IS NOT HAPPY TODAY
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