As Promised, Cartel Delivers HUGE Gold & Silver Raid- Harvey Organ

waterfall raidAS PROMISED, A HUGE RAID ON GOLD/SILVER ON COMEX OPTIONS EXPIRY…

 

DEUTSCHE BANK’S STOCK LANDS INTO SINGLE DIGITS/ITS CREDIT DEFAULTS SWAPS RISE AND SIGNALS BIG TROUBLE/DEPT OF JUSTICE IN THE USA SET TO LAND ON VOLKSWAGEN/ANOTHER USA HEDGE FUND BITES THE DUST (PERRY CAPITAL)

Gold $1327.00 down $12.70

Silver 19.09  down 43 cents

In the access market 5:15 pm

Gold: 1327.30

Silver: 19.14

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

1 oz Silver Rounds

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 Sept 27 (10:15 pm est last night): $  1337.76

NY ACCESS PRICE: $1335.55 (AT THE EXACT SAME TIME)

Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   1336.83

NY ACCESS PRICE: 1334.80 (AT THE EXACT SAME TIME)

HUGE SPREAD TODAY!!

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London Fix: Sept 27: 5:30 am est:  $1335.85   (NY: same time:  $1336.00:    5:30AM)

London Second fix Sept 16: 10 am est:  $1327.00  (NY same time: $1326.90 ,    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 front September contract month we had 40 notices filed for 4000 oz

For silver:  the front month of September we have a total of 37 notices filed for 185,000 oz

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I wrote the following yesterday and I guess I was correct:

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.

This is criminal behaviour but since our regulators allows this nonsense to continue we can nothing about it and must wait it out.

After comex options expire tomorrow, we have the LBMA/OTC options which expire on Friday.”

 

Tomorrow the crooks will let paper gold/silver rise as they still have until Friday to whack the LBMA/OTC options.

Let us have a look at the data for today

.

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In silver, the total open interest FELL by  only 267 contracts DOWN to 203,441. The open interest ROSE DESPITE THE FACT THAT the silver price was DOWN 21 cents in yesterday’s trading .In ounces, the OI is still represented by just MORE THAN 1 BILLION oz i.e. 1.017 BILLION TO BE EXACT or 145% of annual global silver production (ex Russia &ex China).

In silver we had 4 notices served upon for 20,000 oz

In gold, the total comex gold ROSE by 6183 contracts as the price of gold ROSE BY $2.50 YESTERDAY . The total gold OI stands at 599,973 contracts.

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

GLD

LAST NIGHT WE HAD A HUGE CHANGE OUT OF THE GLD/ A WITHDRAWAL OF 2.08 TONNES/

Total gold inventory rests tonight at: 949.14 tonnes of gold

SLV

we had no changes with respect to inventory at the SLV

THE SLV Inventory rests at: 364.523 million oz

.

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

1. Today, we had the open interest in silver FELL by 267 contracts down to 203,441 as the price of silver FELL by 21 cents with yesterday’s trading.The gold open interest rose by 6,183 contracts up to 599,973 as the price of gold ROSE $2.50 IN YESTERDAY’S 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

3. ASIAN AFFAIRS

i)Late  MONDAY night/TUESDAY morning: Shanghai closed UP 17.74 POINTS OR .60%/ /Hang Sang closed UP 139.37 POINTS OR 1.09%. The Nikkei closed UP  253.98 POINTS OR .84% Australia’s all ordinaires  CLOSED DOWN 0.47% /Chinese yuan (ONSHORE) closed UP at 6.6688/Oil FELL to 45.04 dollars per barrel for WTI and 46.35 for Brent. Stocks in Europe: ALL IN THE RED   Offshore yuan trades  6.6834 yuan to the dollar vs 6.6688 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE WIDENS HUGELY AS MORE USA DOLLARS   LEAVE CHINA’S SHORES

REPORT ON JAPAN  SOUTH KOREA NORTH KOREA AND CHINA

3a)Korea:

none

b) REPORT ON JAPAN

none today

c) REPORT ON CHINA

none today

4 EUROPEAN AFFAIRS

i)A terrific explanation as to why gold was whacked this morning:

Deutsche bank crashes almost into single digits as well as their credit default swaps are now spiking to record highs:

( zero hedge)

ii)The Deutsche bank problems coupled with Commerzbank caused the shelving of  bond deals with Nord LB, Lufthansa and Korean Air

seems that the markets in Europe are having a tough time…

( zero hedge)

iii)The war between the USA and Europe is now escalating as the Dept of Justice is now assessing the size of the criminal penalty to Volkswagen. After the D of J is finished then comes the class action lawsuits against the company. The big question is the size of the criminal penalty!

( zero hedge)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

The war of words between Russia and the uSA continues.  The Russians state that the  the real barbarism belongs to the USA

( zero hedge)

6.GLOBAL ISSUES

i)The following is not good:  global trade is slowing down immensely as the consumer has already hit peak debt everywhere:

( zero hedge)

ii)This is what happens when you have zero or negative interest rates around the globe:

a massive global housing bubble;..take a look..
( zero hedge)

7.OIL ISSUES

i)This is not good for the oil industry; Goldman Sachs has just cut oil price target from 50 dollars down to 43 dollars: here is why!

( Goldman Sachs/zero hedge)

ii)Then early this morning crude crashes as Iran states:  “no deal”

( zero hedge)

iii)Chaos reigns supreme as the Saudis first admit “no deal” but hopeful for November.  The market figured it out and oil collapsed to the low 44’s

( zero hedge)

iv)Late this evening, oil gets a little pop back into the 45 dollar handle with a unexpected drop in  inventories

( zero hedge)

8.EMERGING MARKETS

none today

9.PHYSICAL STORIES

i)The Deutsche bank shares slump to its lowest levels in over 25 years as Merkel rules out state aid.  This was brought to your attention yesterday:

( Bradshaw/London Telegraph)

ii)According to this author, Germany will rescue Deutsche bank.  As I keep reminding you there is not enough money in the system to bail out these guys:

( Bloomberg News)

iii)James Turk is explaining to you what I have been harping on for years” options expiry is prime time for monetary metals suppression:

( James Turk/GoldMoney.com/Kingworldnews)

 

10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER

i)USA home prices show the slowest growth in a year

( zero hedge)

ii)The Richmond Fed (The Virginia + DC) mfg belt disappoints

(courtesy zero hedge)

iii)We see a small bounce in USA service PMI but the all important employment hits a 33 month low:( USA PMI/zero hedge)

iv)Another hedge fund, Perry Capital, bites the dust as they state that they cannot invest in this financial climate:

( Bloomberg)

Let us head over to the comex:

The total gold comex open interest ROSE BY AN HUGE 6,183 CONTRACTS to an OI level of 599,973 even though the price of gold ROSE by only $2.50 with YESTERDAY’S trading. We are now in the NON active month of SEPTEMBER/

The contract month of Sept saw it’s OI FELL by 46 contracts DOWN to 141. We had 40 notices filed yesterday so we lost 6 gold contracts or an additional 600 gold ounces will not stand for delivery.. The next delivery month is October and here the OI lost 633 contracts DOWN to 23,516. This level is extremely elevated.  To give you an idea as to its size, on Sept 28.2016 ,we had only 8270 contracts outstanding vs (23,516 today). we are a good 15,246 contracts ahead of last year. The next contract month of December showed an increase of 4851 contracts up to 458,129. The estimated volume today at the comex: 127,988 which is WEAK.  Confirmed volume on Friday: 129,498 which is also weak.

Today we had  5 notices filed for  500 oz of gold.
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And now for the wild silver comex results.  Total silver OI FELL BY ONLY 267 contracts from 203,708 DOWN TO 203,441   despite the FALL in price of silver to the tune of 21 cents   yesterday.  We are moving NOW CLOSER TO the all time record high for silver open interest set on Wednesday August 3:  (224,540).  We are now into the next active month of September and here the OI fell by 34 contracts down to 498. We had 37 notices filed upon yesterday so we GAINED 3 contracts or 15,000 additional oz will stand  for delivery in this active month of September. The next non active delivery movement of October lost 18 CONTRACTS TO 412 contracts.  The next big delivery month is December and here it FELL by 629 contracts DOWN to 177,137. The volume on the comex today (just comex) came in at 50,571 which is very good.  The confirmed volume yesterday (comex and globex) was excellent at 50,584 . Silver is not in backwardation.  London is in backwardation for several months.

today we had 5 notices filed for silver: 185,000 oz

INITIAL standings for SEPTEMBER
 SEPT 27.
Gold
Ounces
Withdrawals from Dealers Inventory in oz  NIL
Withdrawals from Customer Inventory in oz  nil
16,304.35 oz
 Manfra
Scotia
HSBC
509 kilobars
Deposits to the Dealer Inventory in oz niloz
Deposits to the Customer Inventory, in oz 
nil
No of oz served (contracts) today
5 notices 
500 oz
No of oz to be served (notices)
136 contracts
(13,600 oz)
Total monthly oz gold served (contracts) so far this month
2658 contracts
265,800 oz
8.2675 tonnes
Total accumulative withdrawals  of gold from the Dealers inventory this month   192.90 oz
Total accumulative withdrawal of gold from the Customer inventory this month   465,365.4 oz
 Today; good activity at the gold comex and 3 kilobar entries and another large amount of gold leaving the comex
We had 0 dealer deposit:
Total dealer deposits; nil oz
We had 0 dealer withdrawals:
total dealer withdrawals; NIL oz
we had 0 customer deposit:
Total customer deposits: nil oz.
 We had 3 customer withdrawals:
i) Out of Manfra; 128.60 oz
ii) Out of Scotia: 16,203.60 oz ( 504 kilobars)
iii) out of HSBC: 32.15  (one kilobar)
total customer withdrawals: 16,364.35 oz
Today we had 2  adjustments:
i) Out of Manfra: 19,579.35 oz was adjusted out of the dealer and this landed into the customer account of Manfra (a probable settlement)
ii) 197.83 oz added to the customer account of Scotia as an addition error.
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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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 5 contract  of which 0 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 SEPT contract month, we take the total number of notices filed so far for the month (2658) x 100 oz or 265,800 oz, to which we add the difference between the open interest for the front month of SEPT (141 contracts) minus the number of notices served upon today (5) x 100 oz per contract equals 279,400 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 (2658) x 100 oz  or ounces + {OI for the front month (xxx) minus the number of  notices served upon today (5) x 100 oz which equals 279,400 oz standing in this non  active delivery month of SEPT  (8.6905 tonnes).
We lost an additional 600 oz that will stand.  We have surpassed  our original standings on first day notice. (ON FIRST DAY NOTICE 7.5561 TONNES STOOD FOR DELIVERY) as well as surpassing the 8 tonne mark and heading for the 9 tonnes.  This is without a doubt a record level of gold ounces standing for September.
Total dealer inventor 2,145,901.084 or 66.74 tonnes
Total gold inventory (dealer and customer) =10,609,572.809 or 330.0 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 332.00 tonnes for a  gain of 27  tonnes over that period. However since August 8 we have lost 22 tonnes leaving the comex.
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 Jon Corzine.
 
IN THE LAST MONTH 22 NET TONNES HAS LEFT THE COMEX.
Ladies and Gentlemen:  We are now having our old fashioned run on the bank: the comex as gold is leaving by the buckets.

end
And now for silver
 
SEPT INITIAL standings
 SEPT27. 2016
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
115,808.55 oz
CNT, Scotia
Deposits to the Dealer Inventory
 514,779.900 OZ
brinks
Deposits to the Customer Inventory 
605,441.54 oz
Brinks
Scotia
CNT
No of oz served today (contracts)
4 CONTRACTS
(20,000 OZ)
No of oz to be served (notices)
494 contracts
(2,470,000 oz)
Total monthly oz silver served (contracts) 2717 contracts (13,585,000 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  8,394,867.1 oz
today, we had 1 deposit into the dealer account:
 i) Into Brinks; 514,779.900 oz
total dealer deposit: 514,779.900 oz
we had 0 dealer withdrawals:
 total dealer withdrawals: NIL oz
 we had 2 customer withdrawals:
i) Out of CNT: 25,086.23 oz
ii) Out of Scotia: 90,722.32 oz
Total customer withdrawals: 115,808.55  oz
We had 3 customer deposit:
 i) Into Brinks: 299,984.600 oz
ii) Into Scotia: 605,441.54 oz
iii) Out of CNT: 594,686.800 oz
total customer deposits: 1,500,112.940  oz
 
 
 
 we had 1 adjustment
i) Out of CNT: 5,022.25 oz was adjusted out of the customer and this landed into the dealer account of CNT
The total number of notices filed today for the SEPT contract month is represented by 4 contracts for 20,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPT., we take the total number of notices filed for the month so far at (2717) x 5,000 oz  = 13,585,000 oz to which we add the difference between the open interest for the front month of SEPT (498) and the number of notices served upon today (4) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the SEPT contract month:  2718(notices served so far)x 5000 oz +(498 OI for front month of SEPT ) -number of notices served upon today (4)x 5000 oz  equals  16,055,000 oz  of silver standing for the SEPT contract month.
we GAINED 3  contracts or an additional 15,000 oz will  stand FOR DELIVERY IN THIS  ACTIVE MONTH OF SEPTEMBER. 
 
Total dealer silver:  31.439 million (close to record low inventory  
Total number of dealer and customer silver:   172.214 million oz (close to a record low)
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
And now the Gold inventory at the GLD
SEPT 27/A huge withdrawal of 2.08 tonnes from the GLD/Inventory rests at 949.14 tonnes/
SEPT 26./no changes in gold inventory at the GLD/Inventory rests at 951.22 tonnes
SEPT 23/A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .3 TONNES/INVENTORY RESTS AT 951.22 TONNES
Sept 22/a huge deposit of 6.53 tonnes of gold into the GLD/Inventory rests at 950.92 tonnes/this would be a paper deposit entry/
SEPT 21/ A HUGE DEPOSIT OF 5.69 TONNES INTO THE GLD/INVENTORY RESTS AT 944.39 TONNES
SEPT 20/A HUGE CHANGES IN INVENTORY AT THE GLD/: A WITHDRAWAL OF 3.86 TONNES/INVENTORY RESTS AT 938.75 TONNES
SEPT 19/2016: 10.39 TONNES WERE ADDED INTO THE GLD/THIS WOULD BE A “PAPER DEPOSIT”/INVENTORY RESTS AT 942.61 TONNES
Sept 16./no change in gold inventory at the GLD/Inventory rests at 932.22 tonnes
SEPT 15/another paper withdrawal of 3.27 tonnes of “gold” inentory leaves the GLD/Inventory rests at 932.22 tonnes
SEPT 14./A  withdrawal of 4.45 tonnes of gold inventory from the GLD/Inventory rests at 935.49 tonnes
SEPT 13/no changes in gold inventory at the GLD/Inventory rests at 939.94 tonnes
Sept 12/no changes in gold inventory at the GLD/inventory rests at 939.94 tonnes
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SEPT 27/ Inventory rests tonight at 949.14 tonnes

end

Now the SLV Inventory
SEPT 27./no change in silver inventory at the SLV/Inventory rests at 364.523 million oz/
SEPT 26./no changes in silver inventory at the SLV./Inventory rests at 364.523 million oz/
SEPT 23./A HUGE CHANGE IN INVENTORY AT THE SLV: AN ADDITION OF 1.044 MILLION OZ INTO INVENTORY/INVENTORY RESTS AT 364.523 MILLION OZ/
Sept 22/no change in inventory at the SLV/Inventory rests at 363.479  million oz/
SEPT 21/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ/
SEPT 20/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ
SEPT 19/A HUGE ADDITION OF 1.045 MILLION OZ WAS ADDED INTO THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ/
Sept 16/no changes in silver inventory/inventory rests at 362.434 million oz/
SEPT 15/no change in silver inventory/inventory rests at 362.434 million oz.
SEPT 14/no change in silver inventory at the SLV/Inventory rests at 362.434 million oz
sept 13/2016: a huge deposit of 1.329 million oz into the SLV/Inventory rests at 362.434 million oz/
Sept 12/a huge withdrawal of 1.614 million oz from the SLV/Inventory rests at 361.105 million oz
.
SEPT 27.2016: Inventory 364.523 million oz
 end

NPV for Sprott and Central Fund of Canada

1. Central Fund of Canada: traded at Negative 5.8 percent to NAV usa funds and Negative 6.1% to NAV for Cdn funds!!!!  (the discount is starting to disappear)
Percentage of fund in gold 59.5%
Percentage of fund in silver:39.4%
cash .+1.1%( SEPT 27/2016).
2. Sprott silver fund (PSLV): Premium RISES to +1.18%!!!! NAV (SEPT 27/2016) 
3. Sprott gold fund (PHYS): premium to NAV  RISES TO  0.90% to NAV  ( SEPT 27/2016)
Note: Sprott silver trust back  into POSITIVE territory at 1.18% /Sprott physical gold trust is back into positive territory at 0.90%/Central fund of Canada’s is still in jail.