by Harvey Organ, Harvey Organ Blog:
REUTERS CONFIRMS THAT NORTH KOREA SET TO LAUNCH AN ICBM: BOTH NEWS PROPEL GOLD/ GOLD RISES $1.15 BUT SILVER DOWN 2 CENTS/CHINA MISSES ON 3 IMPORTANT DATA POINTS/COPPER FALTERING BADLY: DEEP DISCOUNT FROM SPOT/OVER FUTURES AS ALL PARTS OF THE GLOBE LOADED WITH COPPER/MORE ANTICS FROM DONALD TRUMP
GOLD: $1325.65 UP $1.15
Silver: $17.77 DOWN 2 CENT(S)
Closing access prices:
Gold $1329.95
silver: $17.80
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: $1328.81 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1321.40
PREMIUM FIRST FIX: $7.41
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SECOND SHANGHAI GOLD FIX: $1323.20
NY GOLD PRICE AT THE EXACT SAME TIME: $1321.30
Premium of Shanghai 2nd fix/NY:$4.82
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LONDON FIRST GOLD FIX: 5:30 am est $1323.20
NY PRICING AT THE EXACT SAME TIME: $1322.85
LONDON SECOND GOLD FIX 10 AM: $1324.55
NY PRICING AT THE EXACT SAME TIME. 1325.25
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
355 NOTICES FILED TODAY FOR
1,775,000 OZ/
Total number of notices filed so far this month: 5,253 for 26,265,000 oz
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end
Let us have a look at the data for today
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In silver, the total open interest ROSE BY A RATHER LARGE 764 contracts from 188,207 UP TO 188,971 DESPITE THE DROP IN PRICE THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (DOWN 4 CENT(S). WE HAVE NOW HAD FOUR DAYS OF TORMENT AND YET THE SILVER OPEN INTEREST HARDLY BUDGES. THE LONGS ARE REMAINING STOIC AND REFUSE TO GIVE IN TO THE ANTICS OF THE BANKERS. NO WONDER WE ARE UNDERGOING ANOTHER DAY OF TORMENT AS THE BANKS SEEMED TRAPPED IN THE OWN JUICE.
RESULT: A STEADY RISE IN OI COMEX DESPITE THE 4 CENT PRICE LOSS.
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.946 BILLION TO BE EXACT or 135{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 264 NOTICE(S) FOR 1,320,000OZ OF SILVER
In gold, the open interest FELL BY A TINY 1175 CONTRACTS DESPITE THE LOSS in price of gold ($4.20 LOSS YESTERDAY). The new OI for the gold complex rests at 579,431. WE SHOULD EXCEPT MORE TORMENT FROM THE CROOKS AS THE OPEN INTEREST IN GOLD JUST REFUSES TO GO DOWN. NO WONDER THE BANKERS ORCHESTRATED ANOTHER RAID THIS MORNING AS THE BANKERS TRY WITH NO LUCK TO FLEECE INVESTORS OF THEIR LONG POSITIONS.
Result: A SMALL INCREASE IN OI DESPITE THE FALL IN PRICE IN GOLD ($4.20). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER. NO DOUBT THAT ANOTHER FLASH CRASH WILL BE ORCHESTRATED TODAY DUE TO THE RISE IN OPEN INTEREST IN GOLD AND THE STEADY RISE IN OI 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 had no change in gold inventory last night:
Inventory rests tonight: 838.64 tonnes
SLV
Today: no change in inventory.
INVENTORY RESTS AT 327.088 MILLION OZ
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 764 contracts from 188,207 UP TO 188,971(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE YESTERDAY’S 4 CENT LOSS IN TRADING. OUR LONGS ARE STRONG AND REFUSE TO BUDGE WITH THE ANTICS OF OUR BANKERS.
RESULT: A STEADY RISE IN OI AT THE COMEX DESPITE THE FALL IN PRICE OF 4 CENTS. NO DOUBT ANOTHER RAID WILL BE CALLED UPON BY OUR BANKERS AS THE OPEN INTEREST ON BOTH GOLD AND SILVER REFUSE TO BUDGE
(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 WEDNESDAY night/THURSDAY morning: Shanghai closed DOWN 12.72 POINTS OR 0.38{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / /Hang Sang CLOSED DOWN 116.88 POINTS OR 0.428{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed DOWN 58.38 POINTS OR 0.29{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED DOWN 0.10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed WELL DOWN at 6.6556/Oil UP to 49.61 dollars per barrel for WTI and 55.56 for Brent. Stocks in Europe OPENED RED EXCEPT LONDON. Offshore yuan trades 6.6571 yuan to the dollar vs 6.6556 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 STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY WEAKER DOLLAR. CHINA IS NOT HAPPY TODAY
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