Another Raid On Gold And Silver: Gold Down $5.15 And Silver Down 10 Cents

by Harvey Organ, Harvey Organ Blog:

MARKETS IN ASIA CRUMBLE WHICH SET THE MOOD FOR EUROPE AND THE DOW/THE ALL IMPORTANT CPI SHOWS CONSIDERABLE ADVANCE DESPITE LACKLUSTRE RETAIL SALES

GOLD: $1277.7  DOWN $5.15

Silver: $16.98 DOWN 10 cents

Closing access prices:

Gold $1278.30

silver: $17.01`

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: $1289.94 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1281.20

PREMIUM FIRST FIX: $9.39

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SECOND SHANGHAI GOLD FIX: $1292.56

NY GOLD PRICE AT THE EXACT SAME TIME: $1282.40

Premium of Shanghai 2nd fix/NY:$10.16

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LONDON FIRST GOLD FIX: 5:30 am est $1285.70

NY PRICING AT THE EXACT SAME TIME: $1285.70

LONDON SECOND GOLD FIX 10 AM: $1282.20

NY PRICING AT THE EXACT SAME TIME. 1282.60

For comex gold:

NOVEMBER/

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

TOTAL NOTICES SO FAR: 991 FOR 99,100 OZ (3.082TONNES)

For silver:

NOVEMBER

2 NOTICE(S) FILED TODAY FOR10,000 OZ/

Total number of notices filed so far this month: 874 for 4,370,000 oz

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Bitcoin: BID $7121 OFFER /$7145 up $532.00 (MORNING)BITCOIN : BID $7257 OFFER: $7282 // UP $668.00(CLOSING)

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Let us have a look at the data for today

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In silver, the total open interest ROSE BY A SMALL 777 contracts from 199,122 UP TO 199,899 WITH YESTERDAY’S TRADING IN WHICH SILVER ROSE  BY 3 CENTS.  AGAIN WE DID HAVE NO LONG LIQUIDATION BUT AGAIN IT LOOKS LIKE WE GOT QUITE A FEW MORE COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE AS WE HAD A HUGE 750 DECEMBER EFP’S ISSUED ALONG WITH 300 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 1050 CONTRACTS. THE ISSUANCE FOR MARCH BOTHERS ME A LOT AS THIS IS SUPPOSE TO BE FOR EMERGENCY IN THE UPCOMING DELIVERY MONTH.  I GUESS WHAT THE CME IS STATING IS THAT THERE IS NO SILVER TO BE DELIVERED UPON AT THE COMEX AND THEY MUST EXPORT THEIR OBLIGATION TO LONDON.

RESULT: A SMALL SIZED RISE IN OI COMEX WITH THE 3 CENT PRICE RISE. COMEX LONGS REFUSED TO EXIT OUT OF THE COMEX AND FROM THE CME DATA 1050 EFP’S  WERE ISSUED FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS WHICH DEFINITELY EXPLAINS THE FALL IN OI. IN ESSENCE WE DID NOT GET A FALL IN DEMAND IN OPEN INTEREST ONLY A TRANSFER TO OTHER JURISDICTIONS.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.001 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 1 NOTICE(S) FOR 5,000 OZ OF SILVER

In gold, the open interest ROSE BY A SMALLER THAN EXPECTED 654 CONTRACTS DESPITE THE GOOD RISE IN PRICE OF GOLD ($4.00) WITH YESTERDAY’S TRADING . YESTERDAY’S TRADING SAW NO GOLD LEAVES FALL FROM THE COMEX GOLD TREE.  THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY  TOTALED: 11,839 CONTRACTS WHICH IS HUGE. THE MONTH OF DECEMBER SAW 11,799 CONTRACTS AND FEB SAW THE ISSUANCE OF 40 CONTRACTS. The new OI for the gold complex rests at 533,054.

Result: A SMALLER SIZED INCREASE IN OI DESPITE THE RISE IN PRICE IN GOLD ON YESTERDAY ($4.00). WE  HAD A HUGE NUMBER OF COMEX LONG TRANSFERS TO LONDON THROUGH THE EFP ROUTE AS (11,839 EFP’S). THERE OBVIOSULY DOES NOT SEEM TO BE MUCH PHYSICAL AT THE COMEX AND WE ARE APPROACHING THE HUGE DELIVERY MONTH OF DECEMBER. WE ALSO HAD NO GOLD COMEX OI LEAVE THE COMEX GOLD ARENA.

we had:  18  notice(s) filed upon for 1800 oz of gold.

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

GLD:

A small  change in gold inventory at the GLD/ a deposit of .300 tonnes

Inventory rests tonight: 843.39 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 318.074 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 ROSE BY 777 contracts from 199,358 DOWN TO 199,899 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH THE RISE IN SILVER PRICE (A GAIN OF 3 CENTS). OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE 750  PRIVATE EFP’S FOR DECEMBER(WE DO NOT GET A LOOK AT THESE CONTRACTS)  AND 300 EFP’S FOR MARCH FOR A TOTAL OF 1050 EFP CONTRACTS, WHICH GIVES OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THIS IS QUITE EARLY FOR THESE EFP ISSUANCE..USUALLY WE WITNESS THIS ONE WEEK PRIOR TO FIRST DAY NOTICE AND THIS CONTINUES RIGHT UP UNTIL FDN.  WE ALSO HAD NO SILVER COMEX LIQUIDATION. TOTAL EFP’S ISSUED YESTERDAY BY THE CME IN SILVER TOTAL 786 CONTRACTS. SO THIS FRAUD IS CONTINUING ON A DAILY BASIS

RESULT: A SMALL SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE 3 CENT RISE IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). WE  HAD ANOTHER 1050 EFP’S ISSUED TRANSFERRING OUR COMEX LONGS OVER TO LONDON TOGETHER WITH NO  SILVER COMEX LIQUIDATION.

(report Harvey)

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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 MONDAY night/TUESDAY morning: Shanghai closed DOWN 27.02 points or .79% /Hang Sang CLOSED DOWN 300.43 pts or 1.03% / The Nikkei closed DOWN 351.69 POINTS OR 1.57%/Australia’s all ordinaires CLOSED DOWN 0.60%/Chinese yuan (ONSHORE) closed UP at 6.6220/Oil DOWN to 55.12 dollars per barrel for WTI and 61.47 for Brent. Stocks in Europe OPENED RED  . ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.6220. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.6239 //ONSHORE YUAN STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS  VERY HAPPY TODAY.

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