GOLD AND SILVER WHACKED FOR THE 3RD STRAIGHT DAY!
GOLD AND SILVER WHACKED FOR THE 3RD STRAIGHT DAY/SILVER OPEN INTEREST SETS ANOTHER RECORD AT THE COMEX TODAY/CENTRAL BANK OF JAPAN FAILS TO KEEP ITS TARGETED 10 YR INTEREST RATE AT.10%: IT FALLS TO -.003%
Gold: $1281.40 DOWN $10.30
Silver: $18.14 DOWN 12 cents
Closing access prices:
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: $1294.53 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1287.15
PREMIUM FIRST FIX: $7.38
SECOND SHANGHAI GOLD FIX: $1290.60
NY GOLD PRICE AT THE EXACT SAME TIME: 1284.35
Premium of Shanghai 2nd fix/NY:$6.25
LONDON FIRST GOLD FIX: 5:30 am est $1282.05
NY PRICING AT THE EXACT SAME TIME: $1282.40
LONDON SECOND GOLD FIX 10 AM: $1279.05
NY PRICING AT THE EXACT SAME TIME. 1284.40 ??????
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 8 NOTICE(S) FOR 800 OZ.
TOTAL NOTICES SO FAR: 666 FOR 66600 OZ (2.0715 TONNES)
For silver: APRIL
86 NOTICES FILED TODAY FOR 430,000 OZ/
Total number of notices filed so far this month: 830 for 4,150,000 oz
The open interest in silver continues to advance with today’s reading just UNDER 228,000 contracts (227,984 contracts/a new record) or about 4000 contracts ABOVE the record set last year AND 200 CONTRACTS ABOVE THE RECORD SET YESTERDAY. It seems that the boys want to attack our precious metals as they are quite nervous about silver and its gigantic high OI for the front month of May.
I wrote the following last night:
“Tonight’s open interest for gold should rise by about 2,000 contracts. The silver OI should fall because the price fell by 24 cents. A rise will cause migraines galore for our bankers.”
I guess I was right about the migraines as they attacked again today.
Let us have a look at the data for today
In silver, the total open interest ROSE BY A TINY 209 contracts UP to 227,984 WITH THE HUGE FALL IN PRICE ( 24 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUE TO REMAIN STEADFAST WITH THEIR POSITIONS ON DOWNDRAFT DAYS LIKE YESTERDAY WHILE ADDING TO THEIR LONGS ON GOOD DAYS. THE BANKERS ARE DESPERATELY TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.139 BILLION TO BE EXACT or 163% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED: 86 NOTICE(S) FOR 430,000 OZ OF SILVER
In gold, the total comex gold FELL BY 1194 contracts DESPITE THE SMALL RISE IN THE PRICE OF GOLD ($2.30 with YESTERDAY’S TRADING). The total gold OI stands at 472,263 contracts.
we had 8 notice(s) filed upon for 800 oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
We had no changes in tonnes of gold at the GLD:
Inventory rests tonight: 848.92 tonnes
We had no changes in silver inventory at the SLV today/
THE SLV Inventory rests at: 328.201 million oz
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE BY 209 contracts UP TO 227984, A NEW COMEX RECORD WITH THE FALL IN SILVER YESTERDAY (24 CENTS). We no doubt had some attempted short covering which badly failed as the longs keep piling on making it difficult for them to cover and overpowered the bankers. Our managed money sector (the hedge funds) continue to remain steadfast in their conviction as they added to their positions again with yesterday’s attempted raid. In gold, the open interest FELL by 1194 contracts DESPITE the accompanying rise in price by $2.30
2.a) The Shanghai and London gold fix report
2 b) Gold/silver trading overnight Europe, Goldcore
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)Late MONDAY night/TUESDAY morning: Shanghai closed DOWN 25.45 POINTS OR 0.79%/ /Hang Sang CLOSED DOWN 337.12 POINTS OR 1.39%. The Nikkei closed UP 63.33 OR 0.35% /Australia’s all ordinaires CLOSED DOWN 79%/Chinese yuan (ONSHORE) closed UP at 6.8837/Oil DOWN to 52.19 dollars per barrel for WTI and 54.75 for Brent. Stocks in Europe CLOSED DEEPLY IN THE RED ..Offshore yuan trades 6.8817 yuan to the dollar vs 6.8837 for onshore yuan. NOW THE OFFSHORE IS SLIGHTLY WEAKER TO THE ONSHORE YUAN/ ONSHORE YUAN SLIGHTLY STRONGER AND THE OFFSHORE YUAN STRONGER TO THE ONSHORE AND THIS IS COUPLED WITH THE WEAKER DOLLAR.
3a)THAILAND/SOUTH KOREA/NORTH KOREA
China warns that the next likely test for North Korea is April 25.2017.
b) REPORT ON JAPAN
The central bank of Japan is targeting the 10 yr yield to .10%. Strangely last night, that yield dropped into the negative column at -.003%, Seems another central bank failure trying to stop deflation from gripping Japan.
( zero hedge)
c) REPORT ON CHINA
i)As the dollar weakens, China is easing capital controls. Watch for more uSA dollars to leave China.
( zero hedge)
ii) Much of China’s shadow banking sector is fraud built on fraud. Today 150 investors are in full rage as they found out that their money is gone after China’s largest Bank Minsheng banking Corp has found itself in a 3 billion fraud fraud case. A bank chief in Beijing issued false bank acceptance bills and then he secured the funds from individual sectors to cover up the misdeed.
(courtesy zero hedge)
4. EUROPEAN AFFAIRS
UK general election is set for June 8
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
Another flip: Trump tells Congress that Iran is compliant with their nuclear deal. However there is movement by the Trump team to end this lousy deal.
( zero hedge)
6 .GLOBAL ISSUES
7. OIL ISSUES
i)Surprise gasoline build with a huge crude production 20th month highs sinks oil this morning;
ii)Then late this afternoon crude and gasoline prices plunge:
( zero hedge)
8. EMERGING MARKETS
9. PHYSICAL MARKETS
another 3 billion in notional sold ahead of the London fix:
( zero hedge)
iv)John Embry highlights the 22,000 contracts of gold dumped in 22 minutes yesterday and that process failed
( John Embry/Kingworldnews)
( New York Sun/Ron Paul)
vi) Now this makes sense!! Russia’s largest bank Sberbank is going to facilitate direct gold trading between Russia and India
( Russia insider)
10. USA stories
i)David Stockman talks about the upcoming economic disaster we are facing
(David Stockman/Craig Wilson/DailyReckoning)
ii)We now have Goldman Sachs pouring cold water on trump’s fiscal stimulus plan exactly how David Stockman envisioned it
( Goldman Sachs/zero hedge)
iii)As we have outlined to you on many occasions, the plunging used car prices are playing havoc to the industry. Look at what is going on with respect to rental car bond holders
( zero hedge)
iv)The truth behind the chemical attack two weeks ago
( Daniel Lang/SHTFplan.com)
Let us head over to the comex:
The total gold comex open interest FELL BY 1,994 CONTRACTS UP to an OI level of 472,263 DESPITE THE RISE IN THE PRICE OF GOLD ( $2.30 with YESTERDAY’S trading). The bankers again were certainly not shy in supplying the necessary paper to our newbie longs. We are now in the contract month of APRIL and it is one of the BETTER delivery months of the year. In this APRIL delivery month we had A LOSS OF 166 contract(s) FALLING TO 930. We had 26 notices served yesterday so we LOST 140 contracts or 14,000 oz will NOT stand for delivery in the active delivery month of April AND THESE GUYS WITHOUT A DOUBT WERE CASH SETTLED THROUGH THE OBSCURE EFT ROUTE DESCRIBED BY JAMES TURK.
At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.
The non active May contract month LOST 29 contract(s) and thus its OI is 2265 contracts. The next big active month is June and here the OI FELL by 3453 contracts UP to 341,968.
We had 8 notice(s) filed upon today for 800 oz
We are in the NON active delivery month is APRIL Here the open interest GAINED 0 contracts REMAINING AT 86 contracts. We had 0 notices filed yesterday so we neither gained nor lost any silver ounces standing and nothing was lost through the EFP route.
The next active contract month is May and here the open interest LOST 13,486 contracts DOWN to 111,262 contracts which is astonishingly high. It is this front month that the crooked bankers are targeting as they must be frightened to see such a mammoth amount of contracts still standing for metal. Also remember that Good Friday was much earlier last year: we have only 7 trading days before first day notice. The non active June contract GAINED 31 contracts to stand at 217. The next big active month will be July and here the OI gained 12,803 contracts up to 83,997
FOR COMPARISON SAKE, ON APRIL 19/2016 WE HAD 92,381 CONTRACTS STANDING FOR DELIVERY. SO YOU CAN VISUALIZE FOR YOURSELF THE HUGE DIFFERENCE BETWEEN 2016 AND THIS YEAR.
For those keeping score, the initial amount of silver oz that stood for delivery for the May 2016 contract month: 28.01 million oz. By conclusion of the month only 13.58 million oz stood and the rest was cash settled.(EFP ROUTE)
We had 86 notice(s) filed for 430,000 oz for the APRIL 2017 contract
VOLUMES: for the gold comex
Today the estimated volume was 244,002 contracts which is good.
Yesterday’s confirmed volume was 295,360 contracts which is very good.
volumes on gold are STILL HIGHER THAN NORMAL!
|Withdrawals from Dealers Inventory in oz||nil|
|Withdrawals from Customer Inventory in oz||
|Deposits to the Dealer Inventory in oz||99.935 ozBrinks|
|Deposits to the Customer Inventory, in oz||
|No of oz served (contracts) today||
|No of oz to be served (notices)||
|Total monthly oz gold served (contracts) so far this month||
|Total accumulative withdrawals of gold from the Dealers inventory this month||NIL oz|
|Total accumulative withdrawal of gold from the Customer inventory this month||451,966.5 oz|
Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 8 contract(s) of which 0 notices were stopped (received) by jPMorgan dealer and 5 notice(s) was (were) stopped/ Received) by jPMorgan customer account.
March 2016: 2.311 tonnes (March is a non delivery month)
|Withdrawals from Dealers Inventory||nil|
|Withdrawals from Customer Inventory||
|Deposits to the Dealer Inventory||
|Deposits to the Customer Inventory||
|No of oz served today (contracts)||
|No of oz to be served (notices)||
|Total monthly oz silver served (contracts)||830 contracts (4,150,000 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||10,834,213.1 oz|
Initially for the April 2016 contract, 1,180,000 oz stood for delivery. At the end of April 2016: 6,775,000 oz stood as bankers needed much silver to fill major holes elsewhere.
NPV for Sprott and Central Fund of Canada
will update later tonight the central fund of Canada figures
Sprott’s hostile 3.1 billion bid to take over Central Fund of Canada