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Gold Rises $6.05 To $1318.85/silver Rises 3 Cents To $17.01

Thursday, January 11, 2018 11:42
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Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

by Harvey Organ, Harvey Organ Blog:

GOLD EFP’S RISE BY ANOTHER 9600 CONTRACTS/SILVER EFP TRANSFERS TO LONDON: 1436 CONTRACTS/THE BIG NEWS OF THE DAY: CHINA SET TO ABANDON PURCHASE OF USA BONDS/ALSO USA IS SET TO ABANDON NAFTA WHICH SENT THE MEXICAN PESO AND THE CANADIAN DOLLAR FALLING

GOLD: $1318.85 UP $6.05

Silver: $17.01 UP 3 cents

Closing access prices:

Gold $1317.00

silver: $16.98

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: $1319.28 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1311.80

PREMIUM FIRST FIX: $7.48

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SECOND SHANGHAI GOLD FIX: $1327.54

NY GOLD PRICE AT THE EXACT SAME TIME: $1311.00

Premium of Shanghai 2nd fix/NY:$16.54

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1321.65

NY PRICING AT THE EXACT SAME TIME: $1315.80

LONDON SECOND GOLD FIX 10 AM: $1319.75

NY PRICING AT THE EXACT SAME TIME. $1318.10

For comex gold:

JANUARY/

NUMBER OF NOTICES FILED TODAY FOR JANUARY CONTRACT: 1 NOTICE(S) FOR 100 OZ.

TOTAL NOTICES SO FAR: 256 FOR 25600 OZ (0.7962 TONNES),

For silver:

jANUARY

30 NOTICE(S) FILED TODAY FOR150,000 OZ/

Total number of notices filed so far this month: 537 for 2,685,000 oz

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Bitcoin: BID $14,030/OFFER $14,150 DOWN $345 (morning) Bitcoin: BID   14,547/OFFER  $14,667 up  $170(CLOSING) 

end

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A FAIR 795 contracts from 194,214 RISING TO 195,009 DESPITE YESTERDAY’S 14 CENT FALL IN SILVER PRICING.  WE HAD NO COMEX LIQUIDATION BUT WITHOUT A DOUBT WE WITNESSED ANOTHER FAILED MAJOR BANK SHORT- COVERING OPERATION. NOT ONLY THAT , WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: A CONSIDERABLE 1436 EFP’S FOR MARCH (AND ZERO FOR OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 1436 CONTRACTS. HOWEVER THE MOVEMENT ACROSS TO LONDON IS NOT AS SEVERE AS IN GOLD AS THERE SEEMS TO BE A MAJOR PLAYER TAKING ON THE BANKS AT THE COMEX. STILL, WITH THE TRANSFER OF 1436 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. YESTERDAY WITNESSED  EFP’S FOR SILVER ISSUED. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S. I BELIEVE THAT WE MUST HAVE HAD SOME MAJOR BANKER SHORT COVERING AGAIN TODAY.

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JANUARY:

20,707 CONTRACTS (FOR 8 TRADING DAYS TOTAL 20,707 CONTRACTS OR 103.500 MILLION OZ: AVERAGE PER DAY: 2588 CONTRACTS OR 12.940 MILLION OZ/DAY)

RESULT: A GOOD SIZED GAIN IN OI COMEX DESPITE THE 14 CENT FALL IN SILVER PRICE WHICH USUALLY INDICATES ANOTHER FAILED BANKER SHORT-COVERING. WE ALSO HAD A FAIR SIZED  EFP ISSUANCE OF 1436 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS.  FROM THE CME DATA 1436 EFP’S WERE ISSUED FOR TODAY (FOR MARCH EFP’S AND NONE FOR ALL OTHER MONTHS) FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE REALLY GAINED 2231 OI CONTRACTS i.e. 1436 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 795  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE FALL IN PRICE OF SILVER BY 14 CENTS AND A CLOSING PRICE OF $16.94 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A GOOD AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.9775 BILLION TO BE EXACT or 140% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT JANUARY MONTH/ THEY FILED: 30 NOTICE(S) FOR 150,000 OZ OF SILVER

In gold, the open interest ROSE BY A FAIR SIZED 3383 CONTRACTS UP TO 555,455 DESPITE THE  FALL IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($6.30). IN ANOTHER HUGE DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY AND IT TOTALED A GOOD SIZED  9593 CONTRACTS OF WHICH THE MONTH OF FEBRUARY SAW 9593 CONTRACTS AND APRIL SAW THE ISSUANCE OF 0 CONTRACTS.  The new OI for the gold complex rests at 555,455.DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI  TOGETHER WITH  THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR JANUARY. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER (BIG RISE IN BOTH GOFO AND SIFO) AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE WE HAVE ANOTHER GOOD GAIN OF 12,976 OI CONTRACTS: 3383 OI CONTRACTS INCREASED AT THE COMEX AND A GOOD SIZED9593 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 5660 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JANUARY STARTING WITH FIRST DAY NOTICE: 72,858 CONTRACTS OR 7.286 MILLION OZ OR 226.26 TONNES (8 TRADING DAYS AND THUS AVERAGING: 9,107 EFP CONTRACTS PER TRADING DAY OR 910,700 OZ/DAY)

Result: A FAIR SIZED INCREASE IN OI DESPITE THE  FALL IN PRICE IN GOLD TRADING ON YESTERDAY ($6.30). WE HAD ANOTHER FAIR SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 9593. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 9593 EFPCONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 12,976 contracts:

9593 CONTRACTS MOVE TO LONDON AND  3383 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the gain in total oi equates to 40.36 TONNES)

we had: 1 notice(s) filed upon for 100 oz of gold.

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

With gold up again, we had another strange withdrawal today from the GLD: 2.95 tonnes

Inventory rests tonight: 831.91 tonnes.

SLV/ 

NO CHANGES IN SILVER INVENTORY AT THE SLV/

INVENTORY RESTS AT 318.423 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 CONSIDERABLE 795 contracts from 194,214 UP TO 195,009 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH THE FALL IN PRICE OF SILVER TO THE TUNE OF 14 CENTS   YESTERDAY.  WE HAD WITHOUT A DOUBT ANOTHER MAJOR SHORT COVERING FROM OUR BANKERS AS THEY HAVE CAPITULATED. NOT ONLY THAT BUT OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER 1436 PRIVATE EFP’S FOR MARCH (WE DO NOT GET A LOOK AT THESE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM).  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. WE HAD NO COMEX SILVER COMEX LIQUIDATION. BUT, IF WE TAKE THE GOOD OI GAIN AT THE COMEX OF 795 CONTRACTS TO THE 1436 OITRANSFERRED TO LONDON THROUGH EFP’S WE OBTAIN A GAIN OF 2231 OPEN INTEREST CONTRACTS DESPITE THE MAJOR BANKER SHORT COVERING. WE STILL HAVE A GOOD AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN JANUARY (SEE BELOW). THE NET GAIN TODAY IN OZ: 11.15 MILLION OZ!!!

RESULT: A GOOD SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE FALL OF 14 CENTS IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). BUT WE ALSO HAD ANOTHER 1436 EFP’S ISSUEDTRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE GOOD  SIZED AMOUNT OF SILVER OUNCES STANDING FOR JANUARY, DEMAND FOR PHYSICAL SILVER INTENSIFIES AS WE WITNESS MAJOR BANK SHORT COVERING ACCOMPANIED BY INCREASES IN GOFO AND SIFO RATES INDICATING SCARCITY.

(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 TUESDAY night/WEDNESDAY morning: Shanghai closed UP 7.93 points or 0.23% /Hang Sang CLOSED UP 62.31 pts or 0.20% / The Nikkei closed DOWN 61.79 POINTS OR 0.26%/Australia’s all ordinaires CLOSED DOWN 0.57%/Chinese yuan (ONSHORE) closed UP at 6.5040/Oil UP to 63.52 dollars per barrel for WTI and 69.16 for Brent. Stocks in Europe OPENED MOSTLY RED.   ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.5040. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.5140 //ONSHORE YUAN  STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS  WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS STILL  HAPPY TODAY.(GOOD MARKETS AND STRONGER YUAN)

Read More @ HarveyOrganBlog.com



Source: https://www.sgtreport.com/articles/2018/1/11/gold-rises-605-to-131885silver-rises-3-cents-to-1701

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