Silver-Drive-by-ShootingToday was nothing but criminal activity with a  massive drive by shooting…

 

Harvey Organ

Gold $1265.10 down  $65.30

Silver 18.10 down 70  cents

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

2016 Silver Eagles Sale

The Shanghai fix is at 10:15 pm est and 2:15 am est

The fix for London is at 5:30  am est (first fix) and 10 am est (second fix)

Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.

And now the fix recordings:

Shanghai morning fix Oct 3 (10:15 pm est last night): $  holiday

NY ACCESS PRICE: $

Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   holiday

NY ACCESS PRICE:

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

London Fix: Sept 30: 5:30 am est:  $1309.15   (NY: same time:  $:    5:30AM)

London Second fix Sept 30: 10 am est:  $1283.30  (NY same time: $xxx ,    10 AM)

 

It seems that Shanghai pricing is higher than the other  two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.

Also why would mining companies hand in their gold to the comex and receive constantly lower prices.  They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.

end

 
 

For comex gold:

the total number of notices filed today :  758 for 75,800 oz (2.35 tonnes)

 

For silver:

for the Oct contract month:  1 notices for 5,000 oz.

today was nothing but criminal activity with a  massive drive by shooting.  This is occurring because the regulators are on the side of the bankers.  China is back tonight and will bring the price of gold/silver back to normal.

 

Let us have a look at the data for today

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In silver, the total open interest ROSE by 277 contracts UP to 201,977. The open interest ROSE as the silver price was down 43 cents in yesteray’s trading .In ounces, the OI is still represented by just MORE THAN 1 BILLION oz i.e. 1.0004 BILLION TO BE EXACT or 144% of annual global silver production (ex Russia &ex China).

In silver for October we had 1 notice served upon for 5,000 oz

In gold, the total comex gold FELL by 3,285 contracts as the price of gold fell by $4.30  yesterday . The total gold OI stands at 553,347 contracts. The bankers have done a great job fleecing longs and as usual the entire gold comex OI obliterates

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

GLD

LAST NIGHT WE HAD NO CHANGES OUT OF THE GLD//

Total gold inventory rests tonight at: 949.14 tonnes of gold

SLV

we had no changes at the SLV

THE SLV Inventory rests at: 362.909 million oz

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver ROSE by 277 contracts UP to 201,977 as the price of silver fell by 34 cents with yesterday’s trading.The gold open interest FELL by 5,989 contracts DOWN to 553,347 as the price of gold fell $4.30 IN YESTERDAY 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

 

end

Let us head over to the comex:

The total gold comex open interest FELL BY 5989 CONTRACTS to an OI level of 553,347 the as price of gold fell by  $4.30 with yesterday’s trading.

The contract month of Sept is now off the board. The next delivery month is October and here the OI lost 3163 contracts down to 1295.  We had 3005 notices filed on yesterday so we lost 158 contracts or 15,800 oz will not stand AND no doubt that most of these were cash settled.

The next delivery month is November and here the OI rose by 6 contracts up to 2238 contracts. The next contract month and the biggest of the year is December and here this month showed an decrease of 3,292 contracts down to 434,131.

 
Today we had  758 notices filed for 75,800 oz of gold.(2.3tonnes)
 
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And now for the wild silver comex results.  Total silver OI ROSE BY 277 contracts from  201,700 up to 201,977 as the  price of silver fell  to the tune of 34 cents yesterday.  We are moving  CLOSER TO the all time record high for silver open interest set on Wednesday August 3:  (224,540).  The next non active delivery month is October and here the OI fell by 6 contracts down to 196. We had 1 notice filed on yesterday so we lost 5 contracts or 25,000 additional oz will not stand for delivery.The November contract month saw its OI rise by 1 contracts up to 400.   The next major delivery month is December and here it FELL BY 328 contracts DOWN to 170,545.

 

today we had 1 notices filed for silver: 5,000 oz

 
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INITIAL standings for OCTOBER
 
 Oct 4.
 
Gold
Ounces
Withdrawals from Dealers Inventory in oz  NIL
Withdrawals from Customer Inventory in oz  nil
 
 
 xxxx
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz 
 
 
 xxx oz
 
 
 
 
 
No of oz served (contracts) today
758 notices 
75800 oz
(2.35 tonnes)
 
No of oz to be served (notices)
538 contracts
 
 53,800
oz
 
Total monthly oz gold served (contracts) so far this month
6283 contracts
628,300 oz
 
19.54 tonnes
 
Total accumulative withdrawals  of gold from the Dealers inventory this month    oz
Total accumulative withdrawal of gold from the Customer inventory this month    96.45 oz
 i cannot do inventory levels.  they will continue when i return next week.
 Today; very xxx activity at the gold comex and xxx kilobar entries
 
 
We had xxx dealer deposit:
 
 
 
Total dealer deposits; xxxx oz
 
 
We had xxx dealer withdrawals:
 
 
 
total dealer withdrawals; xxx oz
 
 
 
we had xxx customer deposit:
 
 
 
 
Total customer deposits: xxxx oz.
 
 
 We had 0 customer withdrawals:
 
 
 
 
 
total customer withdrawals: xxx oz
 
 
 
 
 
Today we had 0  adjustments:
 
 
 
 
 
 
 
 
Note:
 
If anybody is holding any gold at the comex, you must be out of your mind!!!
since comex gold storage is unallocated , rest assured any gold stored at the comex will be compromised!
 
I also urge all of you do not place any option trades at the comex as these gangsters will gun you down.
 
If you are taking delivery of gold/silver please remove it from comex banks and place it in private vaults
 
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For October:
 

Today, 0 notices were issued from JPMorgan dealer account and 0 notices were issued form their client or customer account. The total of all issuance by all participants equates to 758 contract  of which 112 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped received) by jPMorgan customer account.

 
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To calculate the initial total number of gold ounces standing for the Oct contract month, we take the total number of notices filed so far for the month (6283) x 100 oz or 628300 oz, to which we add the difference between the open interest for the front month of OCT (1295 contracts) minus the number of notices served upon today (758) x 100 oz per contract equals 682,100 oz, the number of ounces standing in this  NON active month of September.
 
 
 
 
Thus the INITIAL standings for gold for the SEPT contract month:
No of notices served so far (6283) x 100 oz  or ounces + {OI for the front month (1295) minus the number of  notices served upon today (758) x 100 oz which equals 682,100 oz standing in this non active delivery month of Oct  (21.21 tonnes).
 
we lost 15,800 oz that will not stand for delivery.
 
 
 
 
 
 
 
 
 
Total dealer inventor 2,311,300.256 or 71.89 tonnes
Total gold inventory (dealer and customer) =10,572,568.400 or 328.85 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 328.85 tonnes for a  gain of 26  tonnes over that period. However since August 8 we have lost 25 tonnes leaving the comex.(corrected total from yesterday and today)
 
Ladies and Gentlemen:  the comex is beginning to lose some of its gold as no doubt the Shanghai fix is having its effect.
 
The gold comex is an absolute fraud.  The use of kilobars and exact weights makes the data totally absurd and fraudulent! To me, the only thing that makes sense is the fact that “kilobars: are entries of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction.  This would be similar to the rehypothecated gold used by JonCorzine.ALSO TODAY THE LIQUIDATION OF 96 CONTRACTS HAVING STOOD FOR THE ENTIRE MONTH AND THEN ROLLING MAKES ABSOLUTELY NO SENSE
 
 
IN THE LAST MONTH and one half , 25 NET TONNES HAS LEFT THE COMEX.
 
 

 

 
end
 
 I will update the comex inventory data much later tonight
 
 
And now for silver
 
OCT INITIAL standings
 Oct 4. 2016
 
 
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
 
 
 
 
xxx oz
 
 
 
 
 
 
xxxx
 
 
 
Deposits to the Dealer Inventory
 
 
 xx OZ
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 
xx oz
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
1 CONTRACTS
(5,000 OZ)
No of oz to be served (notices)
191 contracts
(955,000 oz)
Total monthly oz silver served (contracts) 313 contracts (1,565,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this month  NIL oz
Total accumulative withdrawal  of silver from the Customer inventory this month  420,010.27 oz
today, we had xxx deposit into the dealer account:
 
 
 
 
total dealer deposit: xx oz
 
we had xxx dealer withdrawals:
 
 total dealer withdrawals: xxx oz
 
 
 
 we had 0 customer withdrawals:
 
 
 
 
 
 
 
 
 
 
Total customer withdrawals: nil  oz
 
We had xxx customer deposit:
 
 
 
total customer deposits: xxx oz
 
 
 
 
 
 
 
 
 
 we had xx adjustments 
 
 
 
 
The total number of notices filed today for the Oct contract month is represented by 11 contracts for 55,000 oz. To calculate the number of silver ounces that will stand for delivery in OCT., we take the total number of notices filed for the month so far at 
313) x 5,000 oz  = 1,565,000 oz to which we add the difference between the open interest for the front month of OCT (196) and the number of notices served upon today (1) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the OCT contract month:  313(notices served so far)x 5000 oz +(196 OI for front month of SEPT ) -number of notices served upon today (1)x 5000 oz  equals  2,490,000 oz  of silver standing for the OCT contract month. THIS IS ALSO A HUGE SHOWING FOR SILVER AS OCTOBER IS GENERALLY A VERY WEAK DELIVERY MONTH. We lost 25,000 additional silver ounces standing.
 
 
 
 
 
 
 
 
 
 
 
Total dealer silver:  30.362 million (close to record low inventory  
 
Total number of dealer and customer silver:   173.321 million oz
 
The total open interest on silver is NOW close to its all time high with the record of 224,540 being set AUGUST 3.2016.  The registered silver (dealer silver) is NOW NEAR  multi year lows as silver is being drawn out at both dealer and customer levels and heading to China and other destinations. The shear movement of silver into and out of the vaults signify that something is going on in silver.
 
 
end
 
 GLD  remains a 947.95 tonnes
SLV: lowers to 362,191 million oz

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