by Harvey Organ, Harvey Organ Blog:
NORTH KOREA FIRES A HYDROGEN BOMB TEST/GOLD RISES TO $1339.65 FOR A GAIN OF $13.45 AND SILVER GAINS 14 CENTS UP TO $17.87/HURRICANE IRMA WILL BE A CATEGORY 5 STORM AND IT IS HEADING STRAIGHT FOR MIAMI
”It is difficult to talk to people who confuse Austria and Australia. But there is nothing we can do about this; this is the level of political culture among part of the American establishment. As for the American people, America is truly a great nation if the Americans can put up with so many politically uncivilized people.”
GOLD: $1339.05 UP $13.45
Silver: $17.87 UP 14 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: $1339.89 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1336.42
PREMIUM FIRST FIX: $3.47
SECOND SHANGHAI GOLD FIX: $1336.64
NY GOLD PRICE AT THE EXACT SAME TIME: $1335.50
Premium of Shanghai 2nd fix/NY:$1.14
LONDON FIRST GOLD FIX: 5:30 am est $1331.15
NY PRICING AT THE EXACT SAME TIME: $1331.50
LONDON SECOND GOLD FIX 10 AM: $1335.55
NY PRICING AT THE EXACT SAME TIME. 1334.30 ???
For comex gold:
NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
TOTAL NOTICES SO FAR: 49 FOR 4900 OZ (0.1524 TONNES)
373 NOTICES FILED TODAY FOR
Total number of notices filed so far this month: 2918 for 14,590,000 oz
Let us have a look at the data for today
In silver, the total open interest ROSE BY AN SMALL BUT STEADY 798 contracts from 178,897 UP TO 179,695 WITH THE GOOD SIZED GAIN IN PRICE THAT SILVER UNDERTOOK WITH FRIDAY’S TRADING (UP 22 CENTS). WE NOW HAVE MORE NEWBIE LONGS ENTER THE SILVER CASINO WITH NO SILVER LONGS EXITING FOR EFP’S. THE BANKERS ARE STILL LOATHE TO SUPPLY THE SHORT PAPER IN TOTAL CONTRAST TO GOLD
RESULT: A SMALL RISE IN OI COMEX WITH THE 22 CENT PRICE RISE.
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.898 BILLION TO BE EXACT or 128% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 373 NOTICE(S) FOR 1,865,000OZ OF SILVER
In gold, the open interest ROSE BY A GOOD SIZED 5372 CONTRACTS WITH THE RISE in price of gold ($8.65 GAIN YESTERDAY). The new OI for the gold complex rests at 555,543.
CONDITIONS ARE RIPE AND AMPLE FUEL FOR ANOTHER HUGE RISE IN THE NUMBER OF NEWBIE SPECS ENTERING THE GOLD ARENA WITH THE COMMERCIALS AGAIN SUPPLYING THE NECESSARY PAPER. AS SOON AS FRIDAY’S JOB REPORT WAS ANNOUNCED AS A DUD, THIS ENCOURAGED MORE NEWBIE LONGS WHO BECAME EMBOLDENED IN THEIR CONTINUING QUEST OF TAKING ON THE BANKERS WHO RECIPROCATED IN KIND WITH SHORT PAPER.
Result: A HUGE SIZED GAIN IN OI WITH THE RISE IN PRICE IN GOLD ($8.65). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER.
we had: 0 notice(s) filed upon for nil oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
Tonight , we had a huge changes in gold inventory: a massive deposit of 14.78 tonnes
Inventory rests tonight: 831.21 tonnes
IN THE LAST 36 TRADING DAYS: GLD SHEDS 5.76 TONNES YET GOLD IS HIGHER BY $105.70 .
Today: WE HAD NO CHANGES IN SILVER INVENTORY TONIGHT:
INVENTORY RESTS AT 331.178 MILLION OZ
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE BY A STEADY 798 contracts from 178,897 UP TO 179,695 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH FRIDAY’S 22 CENT GAIN IN TRADING. SILVER RESPONDED LIKE GOLD TO THE ECONOMIC CLIMATE. NEWBIE LONGS TOOK COMFORT IN THE POOR JOBS REPORT TO PILE INTO THE SILVER ARENA. THE BANKERS HOWEVER ARE STILL LOATHE TO SUPPLY THE NECESSARY SHORT PAPER. OLDER SPECS EXITED WITH A NICE PROFIT .
RESULT: A HIGHER OI AT THE COMEX WITH THE INCREASE IN PRICE OF 22 CENTS. BANKERS REFUSE TO SUPPLY THE SHORT PAPER AND ARE TRYING TO GET OUT OF THEIR SHORTFALL
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 4.73 POINTS OR 0.14% / /Hang Sang CLOSED UP 1.09 POINTS OR 0.01%/ The Nikkei closed DOWN 122.44 POINTS OR 0.63%/Australia’s all ordinaires CLOSED UP 0.07%/Chinese yuan (ONSHORE) closed UP at 6.5490/Oil UP to 47.90 dollars per barrel for WTI and 52.59 for Brent. Stocks in Europe OPENED MIXED/ TO GREEN. Offshore yuan trades 6.5540 yuan to the dollar vs 6.5490 for onshore yuan. NOW THE OFFSHORE MOVED SLIGHTLY WEAKER TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH STRONGER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE WEAKER DOLLAR. CHINA IS HAPPY TODAY
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