SENATOR MCCAIN DITCHES LAST ATTEMPT AT REAP OF OBAMACARE AND THAT SENDS GOLD AND SILVER HIGHER

by Harvey Organ Blog, Harvey Organ Blog:

GOLD ENDS THE DAY UP $1.70 BUT SILVER DOWN 5 CENTS/ BOTH GOLD AND SILVER COT IS GOOD FOR A REBOUND IN PRICING COME THIS WEEK/KIM JONG UN THREATENS THE WEST WITH A HYDROGEN BOMB TEST

GOLD: $1294.45 UP   $1.70

Silver: $16.95  DOWN 5 CENT(S)

Closing access prices:

Gold $1297.50

silver: $17.02

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: $1303.72 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1295.85

PREMIUM FIRST FIX:  $7.87  (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1306.41

NY GOLD PRICE AT THE EXACT SAME TIME: $1296.60

Premium of Shanghai 2nd fix/NY:$9.81  (premiums getting larger)

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LONDON FIRST GOLD FIX:  5:30 am est  $1297.00

NY PRICING AT THE EXACT SAME TIME: $1296.80

LONDON SECOND GOLD FIX  10 AM: $1291.80

NY PRICING AT THE EXACT SAME TIME. 1291.80

For comex gold:

SEPTEMBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR  NIL  OZ.

TOTAL NOTICES SO FAR: 83 FOR 8300 OZ  (0.2581 TONNES)

For silver:

SEPTEMBER

 

 130 NOTICES FILED TODAY FOR

 

650,000  OZ/

Total number of notices filed so far this month: 6,236 for 31,180,000 oz

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 Today the GLD rose again by 6.21 tonnes despite being up only by one dollar.  The trend for GLD inventory is on a rise and this bodes well for our gold metal.

John McCain has decided not to cast his vote in the affirmative for the repeal of Obamacare. Gold and silver caught immediate bids as it will be very difficult for Trump to pass any legislation.

Let us have a look at the data for today

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In silver, the total open interest FELL BY A RATHER SMALL 2286 contracts from  192,251 DOWN TO 189,965 WITH THE CONSIDERABLE FALL IN PRICE THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (DOWN 29 CENTS ). THE RAID INITIATED AFTER THE COMEX CLOSED ON WEDNESDAY CONTINUED INTO THURSDAY.  THE CONSTANT TORMENT FOR 9 STRAIGHT DAYS, COULD NOT KNOCK OFF ANY APPRECIABLE SILVER LEAVES FROM THE SILVER TREE.

RESULT: A SMALL FALL IN OI COMEX  DESPITE THE 29 CENT PRICE FALL.  THE BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO FORCE SILVER LONGS TO DEPART THE COMEX.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.9505 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 225 NOTICE(S) FOR 1,125,000OZ OF SILVER

In gold, the open interest FELL BY A LESS THAN EXPECTED 13,149 CONTRACTS WITH THE  HUGE FALL  in price of gold ($19.95 LOSS WITH YESTERDAY’S COMEX TRADING/ GOLD DROPPED BADLY ALSO IN THE ACCESS MARKET TRADING/WEDNESDAY).  The new OI for the gold complex rests at 561,275. AFTER 9 CONSECUTIVE TRADING DAYS THE BANKERS HAD A MILD SUCCESS IN CAUSING GOLD OPEN INTEREST TO DEPART THE COMEX BUT THE FAILED AGAIN IN SILVER. 

Result: A MEDIOCRE DECREASE IN OI WITH THE  HUGE FALL IN PRICE IN GOLD ($19.95). BANKERS HAVE A SMALL SUCCESS IN CAUSING GOLD OPEN INTEREST TO LEAVE THE GOLD CASINO BUT FAILED MISERABLY IN SILVER.

we had: 0 notice(s) filed upon for NIL oz of gold.

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

GLD:

Tonight , we got this huge news: we had a  change in gold inventory:

a monstrous deposit of 6.21 tonnes. this came with gold up only $1.00 on the day..great sign that the bankers are in trouble

Inventory rests tonight: 852.24 tonnes

SLV

Today: no changes in inventory.

INVENTORY RESTS AT 324.915 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 FELL BY A SMALL 2286 contracts from 192,251  DOWN TO 189,965 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE YESTERDAY’S 29 CENT LOSS IN TRADING.AFTER 9 CONSECUTIVE TRADING DAYS OF TORMENT, OUR BANKERS FAILED IN THEIR ATTEMPT TO CAUSE A MAJOR OUTFLOW OF SILVER OPEN INTEREST.

RESULT:  A SMALL SIZED DROP IN SILVER OI  AT THE COMEX DESPITE THE LARGE LOSS IN PRICE OF 29 CENTS IN YESTERDAY’S TRADING. 

(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 THURSDAY night/FRIDAY morning: Shanghai closed DOWN 5.28 POINTS OR 0.16%   / /Hang Sang CLOSED DOWN 229.80 POINTS OR 0.82%/ The Nikkei closed DOWN 51.03 POINTS OR 0.25%/Australia’s all ordinaires CLOSED UP 0.42%/Chinese yuan (ONSHORE) closed  DOWN at 6.5920/Oil UP to 50.46 dollars per barrel for WTI and 56.45 for Brent. Stocks in Europe OPENED ALL GREEN . Offshore yuan trades  6.5741 yuan to the dollar vs 6.5920 for onshore yuan. NOW THE OFFSHORE MOVED MUCH STRONGER  TO THE ONSHORE YUAN/ ONSHORE YUAN SLIGHTLY WEAKER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE WEAKER  DOLLAR. CHINA IS HAPPY TODAY

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