Gold Has A Huge Day Up $16.60 And Silver Surpasses The Key $17.25 Mark/fbi Informant Campbell Will Be Testifying Before Congress Next Week

by Harvey Organ, Harvey Organ Blog:

GOLD: $1295.10  UP $16.60

Silver: $17.33 UP 24 cents

Closing access prices:

Gold $1294.10

silver: $17.31`

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: $1290.19 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1282.60

PREMIUM FIRST FIX: $7.59

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SECOND SHANGHAI GOLD FIX: $1288.82

NY GOLD PRICE AT THE EXACT SAME TIME: $1282.40

Premium of Shanghai 2nd fix/NY:$6.42

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LONDON FIRST GOLD FIX: 5:30 am est $1283.75

NY PRICING AT THE EXACT SAME TIME: $1283.60

LONDON SECOND GOLD FIX 10 AM: $1284.35

NY PRICING AT THE EXACT SAME TIME. 1285.50

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH:31 NOTICE(S) FOR 3100 OZ.

TOTAL NOTICES SO FAR: 1051 FOR 105,100 OZ (3.326TONNES)

For silver:

NOVEMBER

5 NOTICE(S) FILED TODAY FOR25,000 OZ/

Total number of notices filed so far this month: 881 for 4,405,000 oz

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Bitcoin: BID $7846 OFFER /$7871 up $18.00 (MORNING)BITCOIN : BID $7688 OFFER: $7713 // DOWN $140.00 (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 FELL BY A CONSIDERABLE  1745 contracts from 201,456 DOWN TO 199,711 EVEN THOUGH YESTERDAY’S TRADING SAW SILVER RISE  BY 11 CENTS.   WE DID HAVE MINIMAL LONG COMEX LIQUIDATION AND FURTHER  WE WERE NOTIFIED THAT WE HAD QUITE A FEW MORE COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE AS WE HAD A HUGE 865 DECEMBER EFP’S ISSUED ALONG WITH 62 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 927 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. WE HAD 1312 EFP’S ISSUED YESTERDAY

RESULT: A SMALL SIZED FALL IN OI COMEX DESPITE THE 11 CENT PRICE RISE.  A SMALL NUMBER OF COMEX LONGS  EXITED OUT OF THE COMEX AND FROM THE CME DATA 927 EFP’S  WERE ISSUED FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE  DEMAND FOR SILVER PHYSICAL INTENSIFIES

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.998 BILLION TO BE EXACT or 144% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 5 NOTICE(S) FOR 25,000 OZ OF SILVER

In gold, the open interest SURPRISINGLY FELL BY A HUGE 5,167 CONTRACTS DESPITE THE SMALL RISE IN PRICE OF GOLD ($0.90) WITH RESPECT TO YESTERDAY’S TRADING. WE HAD A SMALL AMOUNT OF COMEX LONGS EXIT THE ARENA.  HOWEVER  THE TOTAL NUMBER OF GOLD EFP’S ISSUED TODAY  TOTALED A CONSIDERABLE: 4,394 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 4,394 CONTRACTS AND FEB SAW THE ISSUANCE OF 0 CONTRACTS. The new OI for the gold complex rests at 531,000. DEMAND FOR GOLD INTENSIFIES DESPITE THE RAIDS.

Result: A HUGE SIZED DECREASE IN OI DESPITE THE SMALL RISE IN PRICE IN GOLD ON YESTERDAY ($0.90). WE  HAD A HUGE NUMBER OF COMEX LONG TRANSFERS TO LONDON THROUGH THE EFP ROUTE AS (4,394 EFP’S). THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL AT THE COMEX AS WE ARE APPROACHING THE HUGE DELIVERY MONTH OF DECEMBER. WE   HAD A TINY AMOUNT OF GOLD COMEX OI LEAVE THE COMEX GOLD ARENA.

we had:  31  notice(s) filed upon for 3100 oz of gold.

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

GLD:

No change in gold inventory at the GLD/

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 UNEXPECTEDLY FELL BY 1745 contracts from 201,456 DOWN  TO 199,711 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE RISE IN SILVER PRICE (A GAIN OF 11 CENTS). OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE 865  PRIVATE EFP’S FOR DECEMBER(WE DO NOT GET A LOOK AT THESE CONTRACTS)  AND 62 EFP’S FOR MARCH FOR A TOTAL OF 927 EFP CONTRACTS.  EFP’S GIVE 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  A SMALL AMOUNT OF SILVER COMEX LIQUIDATION.

RESULT: A SMALL SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE 11 CENT GAIN IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). WE  HAD ANOTHER 927 EFP’S ISSUED TRANSFERRING OUR COMEX LONGS OVER TO LONDON TOGETHER WITH A TINY AMOUNT OF  SILVER COMEX LIQUIDATION.

(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 DOWN 16.34 points or .48% /Hang Sang CLOSED UP 180.28 pts or 0.28% / The Nikkei closed UP 45.68 POINTS OR 0.20%/Australia’s all ordinaires CLOSED UP 0.24%/Chinese yuan (ONSHORE) closed DOWN at 6.6330/Oil UP to 56.12 dollars per barrel for WTI and 62.10 for Brent. Stocks in Europe OPENED GREEN EXCEPT SPAIN  . ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6330. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.6405 //ONSHORE YUAN WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS  VERY HAPPY TODAY.

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