Source: Nanex

Source: Nanex

Tomorrow is options expiry and judging by the open interest reported today, the bankers will surely attack tomorrow.  It seems that they have circled $1340 gold and will do everything possible to keep the price below the level.  As far as silver is concerned, it looks like they want the price below $19.50.

Harvey OrganHUGE NY/ SHANGHAI GOLD SPREAD TODAY!!
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…

JP MorganToday, the big mover globally was the advance in yield on all bonds.  This is quite something since 2/3 of the world still have negative interest rates and QE to boot.  No doubt this caught the attention of investors and they decided that it was not worth it to keep their money in the stock market.
Keep in mind that a rapid rise in yields will cause a huge hardship to our underwriting derivative banks…

grossThe “flash boys” with the support of our own Eric Sprott are taking on the bad guys our HFT traders in the gold market.
They should neutralize the criminals stopping their spoofing…

China goldTake a look at the Shanghai fix.  Their early morning fix (our late at night time zone) saw the fix at $1319.72.  The exact NY price at the time was 1310.94 for a difference of almost 9 dollars!
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…

Harvey OrganThe raid orchestrated by the crooks on Sunday night and Monday morning was aimed at silver.
The relatively high OI for the new upcoming front month of September as well as HUGE numbers of options in the money is scaring our bankers and thus the need to raid…