Gold Rises By $2.15 On News That Trump Is Leaning To Powell For Next Fed Chair

by Harvey Organ, Harvey Organ Blog:

CATALONIA VOTES TO SECEDE FROM SPAIN

GOLD: $1271.15 UP $2.15

Silver: $16.75 DOWN 5  cents

Closing access prices:

Gold $1273.60

silver: $16.85

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: $1287.45 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1266.65

PREMIUM FIRST FIX:  $20.80(premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1287.45

NY GOLD PRICE AT THE EXACT SAME TIME: $1266.75

Premium of Shanghai 2nd fix/NY:$10.03 PREMIUMS GETTING LARGER)

CHINA REJECTS NEW YORK PRICING OF GOLD!!!!  

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LONDON FIRST GOLD FIX:  5:30 am est  $1267.20

NY PRICING AT THE EXACT SAME TIME: $1267.80

LONDON SECOND GOLD FIX  10 AM: $1266.45

NY PRICING AT THE EXACT SAME TIME. 1271.45 ??

For comex gold:OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 77 NOTICE(S) FOR  7700  OZ.

TOTAL NOTICES SO FAR: 3250  FOR 325,000 OZ  (10.108TONNES)

For silver:OCTOBER  37 NOTICES FILED TODAY FOR 185,000  OZ/Total number of notices filed so far this month: 1094 for 5,470,000 oz

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Bitcoin:  $5833 bid /$5853 offer down $40.00  (MORNING)BITCOIN CLOSING;$5742 BID:5762. OFFER  down $138.00

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Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY ROSE BY A TINY  191 contracts from  193 ,862 UP TO 194,053 DESPITE  YESTERDAY’S TRADING IN WHICH SILVER FELL BY 15 CENTS.  THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS SO THEY CONTINUE TO TORMENT. THIS IS OPTIONS EXPIRY WEEK FOR BOTH GOLD AND SILVER SO WE MUST EXPECT SOFTNESS IN OUR METAL PRICES UNTIL THE 31ST OF OCTOBER. THEY ARE ALSO TARGETING THE 200 DAY AVERAGE FOR GOLD AT $1266.00

RESULT: A SURPRISING TINY SIZED RISE IN OI COMEX  WITH THE  15 CENT PRICE LOSS.  OUR BANKERS COULD NOT COVER ANY OF THEIR HUGE SHORTFALL.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.970 BILLION TO BE EXACT or 139% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 64 NOTICE(S) FOR 320,000  OZ OF SILVER.

In gold, the open interest SURPRISINGLY ROSE BY 2843 CONTRACTS DESPITE THE FALL IN PRICE OF GOLD ($8.80) .  The new OI for the gold complex rests at 529,064. OUR BANKER FRIENDS COULD NOT COVER ANY OF THEIR SHORTFALL DESPITE THE CONSTANT WHACKING .  THIS IS OPTIONS EXPIRY WEEK SO IT IS FITTING THAT THE BANKERS WILL TRY TO SHAKE AS MANY GOLD/SILVER LEAVES AS POSSIBLE. THE TORMENT WILL NO DOUBT END ON OCT 31.2017

Result: A SMALL SIZED  INCREASE IN OI DESPITE FALL IN PRICE IN GOLD ($8.80). WE HAD ZERO BANKER GOLD SHORT COVERING AS THE BANKERS FAILED MISERABLY TO LOOSEN ANY GOLD LEAVES FROM THE GOLD TREE YESTERDAY. THIS IS OPTIONS EXPIRY WEEK SO EXCEPT SOFTNESS IN OUR PRECIOUS METALS UNTIL OCT 31.

we had: 77 notice(s) filed upon for 7700  oz of gold.

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

GLD:   

Tonight , NO CHANGES  in gold inventory at the GLD/

Inventory rests tonight: 851.95 tonnes.

SLV

Today: NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 320.288 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 SURPRISINGLY FELL   BY ONLY  89 contractsfrom 193,862  UP TO 193,773(AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) .  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF THEIR SILVER SHORTS.

RESULT:  A SURPRISING TINY SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE 15 CENT LOSS IN PRICE  (WITH RESPECT TO YESTERDAY’S TRADING). OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF OUR SILVER SHORTS . EXPECT SOFTNESS FOR THE REST OF THE WEEK AS WE ARE NOW IN OPTIONS EXPIRY WEEK.

(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 9.26 points or .27% /Hang Sang CLOSED UP 236.47 pts or 0.84% / The Nikkei closed UP 268.67 POINTS OR 1.24/Australia’s all ordinaires CLOSED DOWN 0.22%/Chinese yuan (ONSHORE) closed DOWN  at 6.653/Oil UP to 52.50 dollars per barrel for WTI and 59.16 for Brent. Stocks in Europe OPENED IN THE GREEN EXCEPT SPAIN  .  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6530. OFFSHORE YUAN CLOSED AT VALUE OF THE ONSHORE YUAN AT 6.6530 AND //ONSHORE YUAN  WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT  HAPPY TODAY.

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