by Harvey Organ, Harvey Organ Blog:
CHINA IN FIRST 6 MONTHS ALREADY REACH 80% OF LOAN QUOTA/USA SLAPS MORE SANCTIONS ON CHINA AND RUSSIA WITH CHINA BEING VERY ANGRY!/TRUMP TO ADD MORE TROOPS TO AFGHANISTAN MUCH TO THE DELIGHT OF THE NEO-CONS
GOLD: $1286.00 DOWN $5.20
Silver: $16.98 DOWN 3 CENTS
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: $1294.24 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1288.95
PREMIUM FIRST FIX: $5.29
SECOND SHANGHAI GOLD FIX: $1293.21
NY GOLD PRICE AT THE EXACT SAME TIME: $1285.30
Premium of Shanghai 2nd fix/NY:$7.91
LONDON FIRST GOLD FIX: 5:30 am est $1285.10
NY PRICING AT THE EXACT SAME TIME: $1285.90
LONDON SECOND GOLD FIX 10 AM: $1284.20
NY PRICING AT THE EXACT SAME TIME. $1284.40
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
TOTAL NOTICES SO FAR: 4581 FOR 458,100 OZ (14.248 TONNES)
14 NOTICES FILED TODAY FOR
Total number of notices filed so far this month: 1089 for 5,445,000 oz
The open interest in gold fell to 505,829 contracts despite gold being up $5.05 yesterday. Silver’s OI continues to drop (tonight:188,627) as the bankers are looking over their shoulder at London and witnessing huge shortages of physical metal plus a severe backwardation. I wrote the following yesterday: “We are now entering options expiry week and you know that gold and silver will be whacked until August 31.2017 (a week this Thursday). The crooks will do anything to keep gold below $1300.00 and silver below $17.10”
The bankers started their whacking so our underwriting banks steal from the public at large.
Let us have a look at the data for today
In silver, the total open interest SURPRISINGLY FELL by 204 contracts from 188,831 down to 188,627 with THE FLAT PRICE THAT SILVER UNDERTOOK WITH YESTERDAY’S TRADING (DOWN 0 CENTS) . THE LOSS IN OI ALSO CONTRASTS COMPLETELY TO THE LOSS IN GOLD OI DESPITE GOLD’S RISE IN PRICE YESTERDAY. WE MAY BE EXPERIENCING BANKER CAPITULATION IN BOTH GOLD AND SILVER NOW. IN SILVER AGAIN, THE BANKERS ARE LOATHE TO SUPPLY NEW PAPER. NEWBIE LONGS JUST TRADED CONTRACTS WITH OLDER SPECS.
RESULT: A SLIGHTLY LOWER OI WITH NO GAIN IN PRICE.
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.944 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 14 NOTICE(S) FOR 70,000OZ OF SILVER
In gold, the open interest FELL BY ONLY 826 CONTRACTS DESPITE THE RISE in price of gold ($5.05 GAIN ON MONDAY .). The new OI for the gold complex rests at 505,829. THE LOSS IN OPEN INTEREST DESPITE THE GAIN IN PRICE MAY MEAN THAT THE BANKERS ARE NOW BEGINNING TO FEEL PAIN IN GOLD. WE WILL HAVE TO SEE MORE DAYS LIKE THIS TO SEE IF A PATTERN DEVELOPS. THE BANKERS DID NOT SUPPLY MUCH OF THE SHORT PAPER AND NEWBIE LONGS DROVE UP THE PRICE WITH SELLING COMING FROM OLDER LONGS. TODAY, THE BANKERS ORCHESTRATED A RAID ON GOLD AND SILVER HOPING TO SEE BOTH GOLD AND SILVER LEAVES FALL FROM THEIR RESPECTIVE TREES.
Result: A LOSS IN OI with GOOD GAIN IN PRICE IN GOLD.
we had: 0 notice(s) filed upon for nil oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
Today, no changes in gold inventory:
Inventory rests tonight: 799.29 tonnes
IN THE LAST 27 TRADING DAYS: GLD SHEDS 37.68 TONNES YET GOLD IS HIGHER BY $53.15 .
Today: WE HAD NO CHANGES IN SILVER INVENTORY TONIGHT:
INVENTORY RESTS AT 334.407 MILLION OZ
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver FALL BY 204 contracts from 188,831 DOWN TO 188,627 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE FLAT SILVER PRICE SILVER. AGAIN WE WITNESS THE BANKERS REFUSE TO SUPPLY THE SHORT PAPER. NEWBIE LONGS TRADED CONTRACTS WITH OLDER SPECS. RESULT: LOWER OI WITH A FLAT PRICE.
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 SUNDAY night/MONDAY morning: Shanghai closed UP 3.32 POINTS OR 0.10% / /Hang Sang CLOSED UP 246.99 POINTS OR 0.40% The Nikkei closed DOWN 77.28 POINTS OR 0.91%/Australia’s all ordinaires CLOSED UP 0.43%/Chinese yuan (ONSHORE) closed UP at 6.6640/Oil DOWN to 47.36 dollars per barrel for WTI and 51.56 for Brent. Stocks in Europe OPENED GREEN , Offshore yuan trades 6.6688 yuan to the dollar vs 6.6640 for onshore yuan. NOW THE OFFSHORE MOVED STRONGER TO THE ONSHORE YUAN/ ONSHORE YUAN STRONGER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE STRONGER DOLLAR. CHINA IS OT HAPPY TODAY
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