by Harvey Organ, Harvey Organ Blog:
RUSSIA STATES THAT THE USA KILLED A BIG TIME GENERAL ON THE WESTERN SIDE OF DEIR-EZ-ZOR: IRAQI KURDISTAN HELD ITS INDEPENDENCE VOTE TODAY AND TURKEY, IRAQ AND IRAN READY TO ATTACK/CATALONIA LOOKS DEFIANT TO HOLD ITS REFERENDUM VOTE ON OCT 1/2017/CONDITIONS IN PUERTO RICO DIRE/GOLD UP $14.00 AND SILVER IS UP 16 CENTS
GOLD: $1308.45 UP $14.00
Silver: $17.11 UP 16 CENT(S)
Closing access prices:
Gold $1311.25
silver: $17.17
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: $1299.46 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1292.68
PREMIUM FIRST FIX: $6.78 (premiums getting larger)
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SECOND SHANGHAI GOLD FIX: $1298.02
NY GOLD PRICE AT THE EXACT SAME TIME: $1293.70
Premium of Shanghai 2nd fix/NY:$4.32
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LONDON FIRST GOLD FIX: 5:30 am est $1295.50
NY PRICING AT THE EXACT SAME TIME: $1293.19 ????
LONDON SECOND GOLD FIX 10 AM: $1293.30
NY PRICING AT THE EXACT SAME TIME. 1293.95
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
67 NOTICES FILED TODAY FOR
650,000 OZ/
Total number of notices filed so far this month: 6,303 for 31,515,000 oz
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end
We had 4 major events today to spark gold
1. North Korea stated that the USA has basically declared war on her and that North Korea will shoot down any USA war planes
2. Kurdistan is holding a referendum on independence today and already Iran, Iraq and Turkey stated that they are ready to mount an offensive against them
3. trouble in Catalonia as the government of Spain is trying to stop the vote on independence on Oct 1
4. A Russian General was killed by rocket fire in Syria and this fire supposedly came from the USA..
all of the above makes people seek gold as a safe haven..
Let us have a look at the data for today
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In silver, the total open interest FELL BY 1321 contracts from 189,605 DOWN TO 188,644 WITH THE TINY FALL IN PRICE THAT SILVER UNDERTOOK IN FRIDAY’S TRADING (DOWN 5 CENTS ). ON FRIDAY, OUR BANKERS TOOK A LITTLE SIESTA FROM THE PREVIOUS 9 DAYS OF TORMENT. A TINY AMOUNT OF SILVER LONGS EXITED THE CASINO BUT MOST OF OUR SILVER PLAYERS ARE RESOLUTE WILLING TO TAKE ON OUR BANKERS. REMEMBER THAT WE HAVE NOW ENTERED OPTIONS EXPIRY WEEK SO EXPECT CONTINUAL WHACKING OF OUR PRECIOUS METALS.
RESULT: A SMALL FALL IN OI COMEX WITH THE 5 CENT PRICE FALL. A SMALL FRACTION OF LONGS LEFT BUT MOST OF OUR SILVER PLAYERS ARE RESOLUTE IN THEIR DETERMINATION TO TAKE ON THE BANKERS.
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.943 BILLION TO BE EXACT or 134{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 67 NOTICE(S) FOR 335,000OZ OF SILVER
In gold, the open interest FELL BY A CONSIDERABLE 8,896 CONTRACTS DESPITE THE RISE in price of gold ($1.70 GAIN WITH FRIDAY’S COMEX TRADING. The new OI for the gold complex rests at 552,379. WE ARE AGAIN EXPERIENCING THE SAME PHENOMENON AS WE ENTER ‘FIRST DAY DELIVERIES WEEK’ IN AN ACTIVE DELIVERY MONTH, I.E. THE ISSUANCE OF A HUGE NUMBER OF EFP’S WHICH ENTITLE THE HOLDER TO THE FIAT PROFIT PLUS A FUTURE DELIVERABLE PRODUCT ON ANOTHER EXCHANGE PROBABLY A LONDON BASED FORWARD. IT SEEMS THAT OVER 8900 EFP CONTRACTS WERE ISSUED. THESE ARE ‘EMERGENCY’ CONTRACTS WHERE THE SHORT HOLDERS DO NOT HAVE PHYSICAL TO DELIVER UPON A LONG AND SO THEY OFF- LOAD IT TO A PHYSICAL ZONE LIKE LONDON. WE ARE NOW ENTERING OPTIONS EXPIRY WEEK SO EXPECT THE PRICES OF BOTH GOLD AND SILVER TO BE SUBDUED. IT FINISHES THIS COMING FRIDAY MORNING .
Result: A HUGE DECREASE IN OI WITH THE RISE IN PRICE IN GOLD ($1.70). DEMAND FOR GOLD STILL HIGH BUT LONGS TRANSFERRED TO ANOTHER PHYSICAL EXCHANGE LIKE LONDON.
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 another big change in gold inventory:
a huge deposit of 3.84 tonnes.
Inventory rests tonight: 856.08 tonnes. Whenever GLD inventory advances so does our gold price.
SLV
Today: a huge change in inventory: a deposit of 1.842 million oz/
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 1321 contracts from 189,865 DOWN TO 188,644 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE FRIDAY’S 5 CENT LOSS IN TRADING. WE LOST A TINY FRACTION OF LONGS BUT STILL THE MAJORITY OF SILVER LONGS ARE RESOLUTE WILLING TO TAKE ON THE BANKERS. WE HAVE NOW ENTERED OPTION’S EXPIRY WEEK
RESULT: A SMALL SIZED DROP IN SILVER OI AT THE COMEX WITH THE TINY LOSS IN PRICE OF 5 CENTS IN FRIDAY’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 SUNDAY night/MONDAY morning: Shanghai closed DOWN 10.98 POINTS OR 0.33{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / /Hang Sang CLOSED DOWN 380.18 POINTS OR 1.36{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed UP 101.13 POINTS OR 0.50{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.02{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed WELL DOWN at 6.6230/Oil UP to 50.92 dollars per barrel for WTI and 57.55 for Brent. Stocks in Europe OPENED MOSTLY RED . Offshore yuan trades 6.6155 yuan to the dollar vs 6.6230 for onshore yuan. NOW THE OFFSHORE MOVED MUCH STRONGER TO THE ONSHORE YUAN/ ONSHORE YUAN HUGELY WEAKER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE STRONGER DOLLAR. CHINA IS NOT VERY HAPPY TODAY
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