Saturday, October 19, 2019

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

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

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{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} 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{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} 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

 

end

.

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{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 132.70 POINTS OR 0.48{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed DOWN 6.83 POINTS OR 0.03{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.23{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/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

Read More @ HarveyOrganBlog.com

Venezuela: when fiat money reaches its intrinsic value

by Claudio Grass, Claudio Grass:

Over the last years, Venezuela has become a modern poster child for the failure of socialism and with good reason. It offers an abundance of lessons and stern warnings for many western nations, but it also provides a very insightful and relevant reminder for individual investors too.

Economic, social and human costs

Within the space of 5 years, a combination of plunging oil prices and extreme socialist policies have brought the country to its knees, together with its increasingly desperate citizens. Despite the fact that Venezuela has the world’s largest proven oil deposits and is also rich in coal and gold, the country today faces one of world’s worst humanitarian crises, according to the UN. Its downhill path began with the Hugo Chavez presidency, during which billions were pumped into populist programmes. This economic mismanagement, the push for nationalization and centralization and ultimately the country’s descent dramatically accelerated with the election of its next socialist President, Nicolas Maduro.

Sunday Night Price Gap-Up Coming? Silver Lags As Gold Hits Fresh Multi-Year Highs This Week

from Silver Doctors:

SD Friday Wrap: Don’t be surprised to see a gap-up in the silver price on Sunday. There’s a very specific reason why it could just happen…

*****

Editor’s Note: These charts were set-up shortly after 12:00 p.m. EST on Friday, August 2nd, 2019.

*****

You wouldn’t know it if you weren’t a chart watcher, but gold hit multi-year highs at 6:00 p.m. EST on Thursday evening:

Audioblog #206-Gold’s Win-Win Scenarios, In The Upcoming, Historic Crypto-Currency Explosion

by Andy Hoffman, Miles Franklin:

Andy joined Miles Franklin as Marketing Director in October 2011. Prior to joining the company, he spent sixteen years on Wall Street and five in the mining business. He has been writing free missives about precious metals, markets, and economics since 2004.

Click HERE to listen.

Read More @ MilesFranklin.com

World Central Banks Scramble to Buy Gold in Attempt to Sure Up Economic Viability

by Mike Gleason, Money Metals:

Coming up David Smith of The Morgan Report and MoneyMetals.com columnist joins me to discuss the recent stock market volatility and what the future is likely to hold when it comes to equities, and also lays out three potential market dynamics that may all converge at once in the near future to give gold and silver the long awaiting boost that metals investors have been looking for. Don’t miss another wonderful interview with David Smith, coming up after this week’s market update.

A second week of stock market volatility is helping to stimulate gold’s safe haven appeal. The gold market shows a gain of $10 or 0.8% this week to bring spot prices to $1,228 per ounce.

Click HERE to listen

ANOTHER RAID/GOLD DOWN $14.05 AND SILVER DOWN 50 CENTS

from Harvey Organ, Harvey Organ Blog:

OPEN INTEREST IN SILVER RISES DESPITE FRIDAY’S WHACK/USA ACCUSED CHINA OF UPSETTING THE GLOBAL TRADING SYSTEM AS INTEND ON DECLARING A TRADE WAR!!

GOLD: $1307.35 DOWN   $14.05

Silver: $17.14  DOWN 50 CENT(S)

Closing access prices:

Gold $1307.40

silver: $17.20

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: $1325.89 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1319.40

PREMIUM FIRST FIX:  $6.49

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SECOND SHANGHAI GOLD FIX: $1319.20

NY GOLD PRICE AT THE EXACT SAME TIME: $1316.20

Premium of Shanghai 2nd fix/NY:$3.00

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LONDON FIRST GOLD FIX:  5:30 am est  $1314.40

NY PRICING AT THE EXACT SAME TIME: $1312.10

LONDON SECOND GOLD FIX  10 AM: $1312.10

NY PRICING AT THE EXACT SAME TIME. 1312.35

For comex gold:

SEPTEMBER/

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

TOTAL NOTICES SO FAR: 54 FOR 5400 OZ  (0.1679 TONNES)

For silver:

SEPTEMBER

 

 198 NOTICES FILED TODAY FOR

 

990,000  OZ/

Total number of notices filed so far this month: 5,677 for 28,385,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

 Another raid..what else is knew.

take a look at the GLD..it rose by 5.32 tonnes today and for the entire week that we have had constant raids, the GLD advanced by 9.46 tonnes!!!

In the SLV we lost 1.034 million oz today and that is the only amount that we lost for the past week.

maybe the authorities can explain how this happened???

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY ROSE BY A RATHER LARGE 1217 contracts from  191,548 UP TO 192,765 DESPITE THE NASTY  DROP IN PRICE THAT SILVER UNDERTOOK IN FRIDAY’S TRADING (DOWN 13 CENTS AND 20 CENTS FROM ITS HIGH POINT). WE HAVE NOW HAD SEVEN DAYS OF TORMENT AND YET THE SILVER OPEN INTEREST REFUSES TO BUDGE SOUTHBOUND….ONLY ADVANCES NORTHBOUND.  THE LONGS ARE REMAINING STOIC AND REFUSE TO GIVE IN TO THE ANTICS OF THE BANKERS AND NEWBIE SPECS ARE COGNIZANT OF SILVER SCARCITY (AND DEMAND) AS THE PILE INTO THE SILVER ARENA. THE BANKERS SEEM TRAPPED IN THE OWN JUICE…THEY ARE DESPERATELY TRYING TO FORCE SOME OF THE SILVER LEAVES TO FALL FROM THE SILVER TREE BUT SO FAR TO NO AVAIL. THE BOYS HAVE DECIDED ANOTHER RAID IS NECESSARY AS THEY WHACK AGAIN. 

 

RESULT: A STEADY RISE IN OI COMEX  DESPITE THE 13 CENT PRICE LOSS. BANKERS FAILED IN THEIR ATTEMPT TO CAUSE SILVER LEAVES (oi) TO FALL.ANOTHER RAID ATTEMPT TODAY TO FORCE OI CONTRACTION.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.964 BILLION TO BE EXACT or 137{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 226 NOTICE(S) FOR 1,130,000OZ OF SILVER

In gold, the open interest FELL BY A NORMAL 3,282 CONTRACTS WITH THE  FALL  in price of gold ($4.25 LOSS ON FRIDAY ). The new OI for the gold complex rests at 573,483. THE BANKERS ORCHESTRATED ANOTHER RAID FRIDAY MORNING WORRIED ABOUT THE STEADY OI RISE IN SILVER AND THE HIGH OI IN GOLD. THEY FAILED MISERABLY IN SILVER AND HAD LITTLE EFFECT ON GOLD. 

Result: A SMALL DECREASE IN OI DESPITE THE  FALL IN PRICE IN GOLD ($4.25). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER. THE FRIDAY DAY FAILED MISERABLY SO THEY ORCHESTRATED ANOTHER RAID TODAY. 

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

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

Tonight , we had  a huge change in gold inventory:

a massive 5.32 tonnes of gold deposit despite gold’s whack!!!

Inventory rests tonight: 843.96 tonnes

Interestingly from the first day of the raid, Sept 12 to today we have gained 9.46 tonnes instead of losing any gold!!  I wish the authorities can explain this???

SLV

Today: a huge change in inventory. a withdrawal of 1.039 million oz

INVENTORY RESTS AT 326.049 MILLION OZ

From Sept 12 until today, we have only lost 1.039 million oz i.e. what we lost today.  The other 5 days we lost zero.

 

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver ROSE BY A STEADY 1217 contracts from 191,548  UP TO 192,765(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE FRIDAY’S 13 CENT LOSS IN TRADING. OUR LONGS CONTINUE TO BE STRONG AND REFUSE TO BUDGE WITH THE ANTICS OF OUR BANKERS. NEWBIE LONGS CONTINUE TO ENTER THE ARENA COGNIZANT OF SILVER SCARCITY AND DEMAND. BANKERS ORCHESTRATE ANOTHER RAID THIS MORNING TRYING TO FORCE SILVER OI TO CONTRACT.

RESULT:  A  STEADY RISE IN OI  AT THE COMEX  DESPITE THE FALL IN PRICE OF 13 CENTS ON FRIDAY. WE HAD ANOTHER RAID FRIDAY MORNING BY OUR BANKERS TRYING TO FORCE SILVER LONGS TO DEPART THE SILVER TREE.  THEY FAILED MISERABLY!!  SO THEY TRIED AGAIN THIS MORNING.

(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 SUNDAY night/MONDAY morning: Shanghai closed UP 9.24 POINTS OR 0.28{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 352.18 POINTS OR 1.27{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed  FOR HOLIDAY/Australia’s all ordinaires CLOSED UP 0.40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed WELL DOWN at 6.5690/Oil DOWN to 49.77 dollars per barrel for WTI and 55.26 for Brent. Stocks in Europe OPENED GREEN . Offshore yuan trades  6.5700 yuan to the dollar vs 6.5690 for onshore yuan. NOW THE OFFSHORE MOVED A LITTLE WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH WEAKER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS A MUCH WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY  WEAKER DOLLAR. CHINA IS  HAPPY TODAY

GOLD: $1307.35 DOWN   $14.05

Silver: $17.14  DOWN 50 CENT(S)

Closing access prices:

Gold $1307.40

silver: $17.20

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: $1325.89 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1319.40

PREMIUM FIRST FIX:  $6.49

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SECOND SHANGHAI GOLD FIX: $1319.20

NY GOLD PRICE AT THE EXACT SAME TIME: $1316.20

Premium of Shanghai 2nd fix/NY:$3.00

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1314.40

NY PRICING AT THE EXACT SAME TIME: $1312.10

LONDON SECOND GOLD FIX  10 AM: $1312.10

NY PRICING AT THE EXACT SAME TIME. 1312.35

For comex gold:

SEPTEMBER/

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

TOTAL NOTICES SO FAR: 54 FOR 5400 OZ  (0.1679 TONNES)

For silver:

SEPTEMBER

 

 198 NOTICES FILED TODAY FOR

 

990,000  OZ/

Total number of notices filed so far this month: 5,677 for 28,385,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

 Another raid..what else is knew.

take a look at the GLD..it rose by 5.32 tonnes today and for the entire week that we have had constant raids, the GLD advanced by 9.46 tonnes!!!

In the SLV we lost 1.034 million oz today and that is the only amount that we lost for the past week.

maybe the authorities can explain how this happened???

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest SURPRISINGLY ROSE BY A RATHER LARGE 1217 contracts from  191,548 UP TO 192,765 DESPITE THE NASTY  DROP IN PRICE THAT SILVER UNDERTOOK IN FRIDAY’S TRADING (DOWN 13 CENTS AND 20 CENTS FROM ITS HIGH POINT). WE HAVE NOW HAD SEVEN DAYS OF TORMENT AND YET THE SILVER OPEN INTEREST REFUSES TO BUDGE SOUTHBOUND….ONLY ADVANCES NORTHBOUND.  THE LONGS ARE REMAINING STOIC AND REFUSE TO GIVE IN TO THE ANTICS OF THE BANKERS AND NEWBIE SPECS ARE COGNIZANT OF SILVER SCARCITY (AND DEMAND) AS THE PILE INTO THE SILVER ARENA. THE BANKERS SEEM TRAPPED IN THE OWN JUICE…THEY ARE DESPERATELY TRYING TO FORCE SOME OF THE SILVER LEAVES TO FALL FROM THE SILVER TREE BUT SO FAR TO NO AVAIL. THE BOYS HAVE DECIDED ANOTHER RAID IS NECESSARY AS THEY WHACK AGAIN. 

 

RESULT: A STEADY RISE IN OI COMEX  DESPITE THE 13 CENT PRICE LOSS. BANKERS FAILED IN THEIR ATTEMPT TO CAUSE SILVER LEAVES (oi) TO FALL.ANOTHER RAID ATTEMPT TODAY TO FORCE OI CONTRACTION.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.964 BILLION TO BE EXACT or 137{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 226 NOTICE(S) FOR 1,130,000OZ OF SILVER

In gold, the open interest FELL BY A NORMAL 3,282 CONTRACTS WITH THE  FALL  in price of gold ($4.25 LOSS ON FRIDAY ). The new OI for the gold complex rests at 573,483. THE BANKERS ORCHESTRATED ANOTHER RAID FRIDAY MORNING WORRIED ABOUT THE STEADY OI RISE IN SILVER AND THE HIGH OI IN GOLD. THEY FAILED MISERABLY IN SILVER AND HAD LITTLE EFFECT ON GOLD. 

Result: A SMALL DECREASE IN OI DESPITE THE  FALL IN PRICE IN GOLD ($4.25). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER. THE FRIDAY DAY FAILED MISERABLY SO THEY ORCHESTRATED ANOTHER RAID TODAY. 

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

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

Tonight , we had  a huge change in gold inventory:

a massive 5.32 tonnes of gold deposit despite gold’s whack!!!

Inventory rests tonight: 843.96 tonnes

Interestingly from the first day of the raid, Sept 12 to today we have gained 9.46 tonnes instead of losing any gold!!  I wish the authorities can explain this???

SLV

Today: a huge change in inventory. a withdrawal of 1.039 million oz

INVENTORY RESTS AT 326.049 MILLION OZ

From Sept 12 until today, we have only lost 1.039 million oz i.e. what we lost today.  The other 5 days we lost zero.

 

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver ROSE BY A STEADY 1217 contracts from 191,548  UP TO 192,765(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE FRIDAY’S 13 CENT LOSS IN TRADING. OUR LONGS CONTINUE TO BE STRONG AND REFUSE TO BUDGE WITH THE ANTICS OF OUR BANKERS. NEWBIE LONGS CONTINUE TO ENTER THE ARENA COGNIZANT OF SILVER SCARCITY AND DEMAND. BANKERS ORCHESTRATE ANOTHER RAID THIS MORNING TRYING TO FORCE SILVER OI TO CONTRACT.

RESULT:  A  STEADY RISE IN OI  AT THE COMEX  DESPITE THE FALL IN PRICE OF 13 CENTS ON FRIDAY. WE HAD ANOTHER RAID FRIDAY MORNING BY OUR BANKERS TRYING TO FORCE SILVER LONGS TO DEPART THE SILVER TREE.  THEY FAILED MISERABLY!!  SO THEY TRIED AGAIN THIS MORNING.

(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 SUNDAY night/MONDAY morning: Shanghai closed UP 9.24 POINTS OR 0.28{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 352.18 POINTS OR 1.27{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed  FOR HOLIDAY/Australia’s all ordinaires CLOSED UP 0.40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed WELL DOWN at 6.5690/Oil DOWN to 49.77 dollars per barrel for WTI and 55.26 for Brent. Stocks in Europe OPENED GREEN . Offshore yuan trades  6.5700 yuan to the dollar vs 6.5690 for onshore yuan. NOW THE OFFSHORE MOVED A LITTLE WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH WEAKER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS A MUCH WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY  WEAKER DOLLAR. CHINA IS  HAPPY TODAY

Read More @ HarveyOrganBlog.com