GOLD DOWN $3.75 TO $1282.25 WITH SILVER BEING WHACKED 14 CENTS ON THIS LAST DAY OF LONDON BASED OPTIONS EXPIRY

by Harvey Organ, Harvey Organ Blog:

CHAOS IN CATALONIA SPAIN AS RAJOY PULLS OUT ALL STOPS TRYING TO BLOCK REFERENDUM

GOLD: $1282.25 down $3.75

Silver: $16.68down 14 CENT(S)

Closing access prices:

Gold $1287.50

silver: $16.87

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: $1293.04 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1284.30

PREMIUM FIRST FIX:  $8.24 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1297.75

NY GOLD PRICE AT THE EXACT SAME TIME: $1284.75

Premium of Shanghai 2nd fix/NY:$13.00 (PREMIUMS GETTING LARGER)  

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LONDON FIRST GOLD FIX:  5:30 am est  $1286.95

NY PRICING AT THE EXACT SAME TIME: $1288.20 ???

LONDON SECOND GOLD FIX  10 AM: $1283.10

NY PRICING AT THE EXACT SAME TIME. 1283.10

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 411 NOTICE(S) FOR41100OZ.

TOTAL NOTICES SO FAR: 411 FOR 41100 OZ  (1.2783 TONNES)

For silver:

OCTOBER

 

 285 NOTICES FILED TODAY FOR

 

1,425,000  OZ/

Total number of notices filed so far this month: 285 for 1,425,000 oz

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Let us have a look at the data for today

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In silver, the total open interest FELL SLIGHTLY BY  573 contracts from  184,997DOWN TO 184,424  DESPITE THE SMALL SIZED RISE IN PRICE THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (UP 3 CENTS ). IT SURE LOOKS LIKE WE HAD CONSIDERABLE BANKER SHORT COVERING YESTERDAY AND TODAY.  BOTH GOLD AND SILVER JUMPED EVEN THOUGH 99% OF THE TIME, THEY RAID ON THE DAY PRIOR TO FIRST DAY NOTICE. THIS IS A GREAT SIGN THAT THE PHYSICAL MARKET IS OVERWHELMING THE PAPER MARKET AND THEIR NAKED SHORTING.

RESULT: A SMALL FALL IN OI COMEX  WITH THE3 CENT PRICE RISE. IT LOOKS LIKE WE HAD A SMALL AMOUNT OF BANKER SHORTS COVERING.  THE BANKERS YESTERDAY TRIED TO ORCHESTRATE ANOTHER RAID AND FAILED MISERABLY IN THEIR ATTEMPT.  

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.922 BILLION TO BE EXACT or 132% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 285 NOTICE(S) FOR 1,425,000OZ OF SILVER

In gold, the open interest FELL BY A CONSIDERABLE 7,202 CONTRACTS DESPITE THE RISEin price of gold ($1.55 ) WITH YESTERDAY’S COMEX TRADING.  The new OI for the gold complex rests at 532,683. GENERALLY WHEN WE ENTER FIRST DAY NOTICE WEEK FOR AN ACTIVE GOLD MONTH, WE SEE THE OPEN INTEREST FALL APPRECIABLY.  THIS IS BECAUSE LONGS CAN ACCEPT PRIVATE EFP CONTRACTS WHICH ENTITLES THEM TO A FIAT BONUS AND A FUTURES CONTRACT ON ANOTHER BOURSEAND MOST LIKELY THAT WOULD BE A LONDON BASED FORWARD. WE HAVE NO DOUBT HAD AN EXCESS OF 5400 EFP’S ISSUED. IN OTHER WORDS THE DEMAND IS STILL PRESENT BUT MOVED TO ANOTHER EXCHANGE AND THE OBLIGATION TO DELIVER STILL RESTS WITH OUR CRIMINAL BANKERS.

 

Result: A LARGE SIZED DECREASE IN OI WITH THERISE IN PRICE IN GOLD ($1.55) AND CONSIDERABLE EFP’S ISSUED (IN EXCESS OF 7200 )

we had: 411 notice(s) filed upon for 41,100 oz of gold.

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

GLD: 

Tonight , NO CHANGESin gold inventory at the GLD:

Inventory rests tonight: 864.65 tonnes.

SLV

Today: a no changes in inventory:

INVENTORY RESTS AT 326.757 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 ONLY573 contracts from 184,997DOWN TO 184,424 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) . AGAIN TODAY, IT  SEEMS THAT A TINY FRACTION OF OUR BANKER SHORTS COVERED.  THEY NEED TO COVER A MUCH HIGHER NUMBER OF OPEN INTEREST CONTRACTS WHEN RAIDS ARE INITIATED.  SO THEY TRIED AGAINYESTERDAY AND AGAIN TODAY.

RESULT:  A SMALL SIZED DROP IN SILVER OI  AT THE COMEX WITH THE SMALL RISE IN PRICE OF 3 CENTS IN YESTERDAY’S TRADING. ANOTHER ATTEMPTED RAID ORCHESTRATED BY THE CROOKS .  IT FAILED YESTERDAY JUDGING BY THE SMALL DROP IN OI.  THE CROOKS SEEM BENT ON DRIVING GOLD BELOW $1285.00 AND SILVER AT $16.75 AS NO DOUBT WE HAD CONSIDERABLE UNDERWRITTEN OPTIONS AT THESE LEVELS.

(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 UP 9.30 POINTS OR 0.28%   / /Hang Sang CLOSED UP 132.70 POINTS OR 0.48%/ The Nikkei closed DOWN 6.83 POINTS OR 0.03%/Australia’s all ordinaires CLOSED UP 0.23%/Chinese yuan (ONSHORE) closed WELL UP at 6.6535/Oil DOWN to 51.62 dollars per barrel for WTI and 57.01 for Brent. Stocks in Europe OPENED GREEN/EXCEPT SPAIN. Offshore yuan trades  6.6467 yuan to the dollar vs 6.6535 for onshore yuan. NOW THE OFFSHORE MOVED A LITTLE STRONGER TO THE ONSHORE YUAN/ ONSHORE YUANSTRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE WEAKER  DOLLAR. CHINA IS VERY HAPPY TODAY

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