Gold & Silver Mixed As Saudi Arabia Orders Citizens To Leave Lebanon

Harvey Organ says that gold withstood yet another attack by the bankers. Here’s the details…

by Harvey Organ of Harvey Organ Blog

NOV 9/GOLD WITHSTANDS ANOTHER ATTACK FROM THE BANKERS AS IT RISES BY $3.25/SILVER HOWEVER DOWN 11 CENTS/NIKKEI SWOONS 800 POINTS BEFORE BEING RESCUED BY THEIR PPT/SAUDI ARABIA, KUWAIT AND UAE ALL THEIR CITIZENS TO LEAVE LEBANON IMMEDIATELY AS WAR SEEMS IMMINENT/

GOLD: $1287.00 UP $3.25

Silver: $17.00 DOWN 11 cents

Closing access prices:

Gold $1285.50

silver: $16.99

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: $1289.93 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1281.60

PREMIUM FIRST FIX: $8.33(premiums getting LARGER AGAIN)

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SECOND SHANGHAI GOLD FIX: $1293.60

NY GOLD PRICE AT THE EXACT SAME TIME: $1283.70

Premium of Shanghai 2nd fix/NY:$9.90 PREMIUMS GETTING LARGER AGAIN)

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LONDON FIRST GOLD FIX: 5:30 am est $1284.40

NY PRICING AT THE EXACT SAME TIME: $1283.95

LONDON SECOND GOLD FIX 10 AM: $1284.80

NY PRICING AT THE EXACT SAME TIME. 1284.60

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 2 NOTICE(S) FOR 200 OZ.

TOTAL NOTICES SO FAR: 975 FOR 97,500 OZ (3.032TONNES)

For silver:

NOVEMBER

5 NOTICE(S) FILED TODAY FOR

25,000 OZ/

Total number of notices filed so far this month: 869 for 4,345,000 oz

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Bitcoin: BID $7119 OFFER /$7149 DOWN $328.00 (MORNING)

BITCOIN CLOSING; BID $7192 OFFER: 7217 // DOWN $265.00

end

Let us have a look at the data for today

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In silver, the total open interest FELL BY A CONSIDERABLE 1386 contracts from 208,500 DOWN TO 201,944 DESPITE YESTERDAY’S TRADING IN WHICH SILVER ROSE BY A RATHER LARGE 16 CENTS. THIS TIME WE HAD OVER 1000 EFP’S ISSUED BY OUR BANKERS IN SILVER FOR DECEMBER DUE TO THEIR “EMERGENCY SITUATION” WHERE THEY DO NOT HAVE ENOUGH METAL TO SERVE UPON OUR LONGS. OUR LONGS AT THE COMEX RECEIVE A FIAT BONUS PLUS A DELIVERABLE PRODUCT AT A DIFFERENT EXCHANGE AND THAT NO DOUBT IS LONDON. THIS IS THE EARLIEST THAT I HAVE SEEN THAT EFP’S HAVE BEEN ISSUED FOR AN UPCOMING DELIVERY MONTH. GENERALLY IT IS GOLD THAT IS THE MEGA RECIPIENT OF EFP’S WITH SILVER MUCH SMALLER. SO NO DOUBT WE WILL SEE HUGE AMOUNTS OF EFP’S ISSUED WITHIN A WEEK OF FIRST DAY NOTICE.

RESULT: A GOOD SIZED DROP IN OI COMEX DESPITE THE CONSIDERABLE 16 CENT PRICE RISE. COMEX LONGS EXITED OUT OF THE COMEX WITH OVER 1000 EFP’S ISSUED FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.009 BILLION TO BE EXACT or 144% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 5 NOTICE(S) FOR 25,000 OZ OF SILVER

In gold, the open interest FELL BY A TINY 453 CONTRACTS DESPITE THE GOOD SIZED RISE IN PRICE OF GOLD ($8.35) WITH YESTERDAY’S TRADING . WE MAY HAVE HAD SOME MINOR BANKER SHORT COVERING IN GOLD. The new OI for the gold complex rests at 536,390. NEWBIE LONGS RE-ENTERED THE ARENA TO WHICH THE BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER..OUR BANKERS WERE MAY HAVE BEEN SUCCESSFUL IN COVERING A TINY PORTION OF THEIR GOLD SHORTS.

NO EFP’S WERE ISSUED FOR THE DECEMB CONTRACT MONTH.

Result: A TINY SIZED DECREASE IN OI DESPITE THE RISE IN PRICE IN GOLD ($8.35). WE MAY HAVE HAD SOME BANK SHORT COVERING. WE CERTAINLY HAD NEWBIE LONGS RE-ENTERING THE GOLD COMEX AREA TO WHICH OUR BANKERS REGRETFULLY SUPPLIED THE NECESSARY SHORT PAPER.

we had: 2 notice(s) filed upon for 200 oz of gold.

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

GLD:

No changes in gold inventory at the GLD/

Inventory rests tonight: 843.09 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 318.074 MILLION OZ

Let us head over to the comex:

The total gold comex open interest SURPRISINGLY ROSE BY A LESS THAN EXPECTED 2234 CONTRACTS UP to an OI level of 537,077 WITH THE GOOD SIZED RISE IN THE PRICE OF GOLD ($8.35 RISE IN YESTERDAY’S TRADING). SOME NEWBIE LONGS AGAIN ENTERED THE GOLD ARENA WITH THE BANKERS REGRETTABLY SUPPLYING THE NECESSARY PAPER AS THEY COVERED ZERO AMOUNT OF THEIR HUGE SHORTFALL.

NO EFP’S WERE ISSUED FOR DECEMBER IN GOLD YESTERDAY.

Result: a SURPRISE TINY DECREASE IN OPEN INTEREST DESPITE THE CONSIDERABLE RISE IN THE PRICE OF GOLD ($8.35.) WE MAY HAVE HAD A SMALL AMOUNT OF BANKER SHORT COVERING. NEWBIE LONGS AGAIN ENTERED THE GOLD ARENA EMBOLDENED DUE TO GLOBAL TENSIONS ESPECIALLY IN SAUDI ARABIA. OUR BANKER FRIENDS REGRETTABLY HAD TO SUPPLY THE NECESSARY SHORT PAPER AS THEY WERE TOTALLY UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY GOLD SHORTS.

.

We have now entered the NON active contract month of NOVEMBER.HERE WE HAD A LOSS OF 7 CONTRACT(S) DOWN TO 84. We had 7 notices filed YESTERDAY so gained 0 contracts or NIL additional oz will stand for delivery in this non active month of November. TO SEE BOTH GOLD AND SILVER RISE IN AMOUNT STANDING (QUEUE JUMPING) IS A GOOD INDICATOR OF PHYSICAL SHORTNESS FOR BOTH OF OUR PRECIOUS METALS.

The very big active December contract month saw it’s OI LOSE 8,599 contracts DOWN to 336,924. January saw its open interest rise by 35 contracts up to 624. FEBRUARY saw a gain of 5672 contacts up to 131,069.

.

We had 2 notice(s) filed upon today for 200 oz

VOLUME FOR TODAY (PRELIMINARY) 199.247

CONFIRMED VOLUME YESTERDAY: 392,938

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And now for the wild silver comex results. Total silver OI FELL BY a CONSIDERABLE 1386 CONTRACTS FROM 208,500 DOWN TO 201,944 WITH YESTERDAY’S 16 CENT GAIN IN PRICE. WE HAD OVER 1000 EFP’S ISSUED FOR DECEMBER BY OUR BANKERS TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THIS IS QUITE EARLY FOR THE ISSUANCE. USUALLY WE WITNESS THIS EVENT ONE WEEK PRIOR TO FIRST DAY NOTICE AND IT CONTINUES RIGHT UP TO FDN. IT SURE LOOKS LIKE THE COMEX HAS NO SILVER TO GIVE OUR LONGS AS THEY MUST TRANSFER THE OBLIGATION OVER TO LONDON.
The new front month of November saw its OI GAIN by 4 contracts and thus it stands at 7. We had 1 notice(s) served YESTERDAY so we gained 5 contracts or an additional 25,000 oz will stand in this non active month of November. After November we have the big active delivery month of December and here the OI FALL by 2,715 contracts DOWN to 128,489. January saw A GAIN OF 84 contracts RISING TO 829.
We had 5 notice(s) filed for 25,000 oz for the OCT. 2017 contract

INITIAL standings for NOVEMBER
Nov 9/2017.

Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
49,312.120
oz
JPMORGAN
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
nil oz
No of oz served (contracts) today

2 notice(s)
200 OZ
No of oz to be served (notices)
75 contracts
(7500 oz)
Total monthly oz gold served (contracts) so far this month
975 notices
97500 oz
3.032 tonnes
Total accumulative withdrawals of gold from the Dealers inventory this month NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month xxx oz

Today we HAD 0 kilobar transaction(s)/
WE HAD nil DEALER DEPOSIT:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 0 customer deposit(s):
total customer deposits nil oz
We had 1 customer withdrawal(s)
i) out of JPMorgan: 49,312.120 OZ
total customer withdrawals; 49,312.120 oz
we had 2 adjustment(s)
i) Out of Brinks: 9,772.805 oz was removed from the dealer and this landed into the customer account of Brinks
ii) Out of JPMorgan: 16,735.244 oz was removed from the dealer and this landed into the customer accoun tof JPMorgan.
For NOVEMBER:
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 2 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 1 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.

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To calculate the INITIAL total number of gold ounces standing for the NOVEMBER. contract month, we take the total number of notices filed so far for the month (975) x 100 oz or 97500 oz, to which we add the difference between the open interest for the front month of NOV. (77 contracts) minus the number of notices served upon today (2 x 100 oz per contract equals 105,000 oz, the number of ounces standing in this NON active month of NOV

Thus the INITIAL standings for gold for the NOVEMBER contract month:
No of notices served (975) x 100 oz or ounces + {(77)OI for the front month minus the number of notices served upon today (2) x 100 oz which equals 105,000 oz standing in this active delivery month of NOVEMBER (3.265 tonnes)
WE GAINED 0 ADDITIONAL CONTRACTS OR NIL OZ OF ADDITIONAL GOLD STANDING FOR METAL AT THE COMEX
THIS IS THE FIRST TIME EVER THAT WE HAVE WITNESSED CONSIDERABLE QUEUE JUMPING IN GOLD AT THE COMEX. SILVER’S QUEUE JUMPING STARTED IN MAY 2017 AND HAS NOT LET UP ONCE COMMENCED.
.
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Total dealer inventory 527,069.052 or 16.394 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,722,165.167 or 271.29 tonnes

I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process and are being used in the raiding of gold!
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 at MF Global.

IN THE LAST 14 MONTHS 84 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE NOVEMBER DELIVERY MONTH
NOVEMBER INITIAL standings
Nov 9/ 2017

Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
12,973.634 oz
Delaware
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
204,983.25
Scotia
oz
No of oz served today (contracts)
5 CONTRACT(S)
(25,000,OZ)
No of oz to be served (notices)
2 contract
(10,000 oz)
Total monthly oz silver served (contracts) 869 contracts
(4,345,000 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 xx oz

today, we had 0 deposit(s) into the dealer account:
total dealer deposit: nil oz
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 1 customer withdrawal(s):
i) Out of Delaware: 12,973.634 oz
TOTAL CUSTOMER WITHDRAWAL 12,973.634 oz
We had 1 Customer deposit(s):
i) Into Scotia:
204,983.25 oz
***deposits into JPMorgan have stopped again
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
why is JPMorgan bringing in so much silver??? why is this not criminal in that they are also the massive short in silver
total customer deposits: 204,983.25 oz

we had 0 adjustment(s)
The total number of notices filed today for the NOVEMBER. contract month is represented by 5 contracts FOR 25,000 oz. To calculate the number of silver ounces that will stand for delivery in NOVEMBER., we take the total number of notices filed for the month so far at 869 x 5,000 oz = 4,345,0000 oz to which we add the difference between the open interest for the front month of NOV. (7) and the number of notices served upon today (5 x 5000 oz) equals the number of ounces standing.
.

Thus the INITIAL standings for silver for the NOVEMBER contract month: 869 (notices served so far)x 5000 oz + OI for front month of NOVEMBER(7) -number of notices served upon today (5)x 5000 oz equals 4,355,000 oz of silver standing for the NOVEMBER contract month. This is EXCELLENT for this NON active delivery month of November.
We gained 5 contracts or an additional 25,000 oz will stand for metal in the non active delivery month of November.
AS I MENTIONED ABOVE, WE HAVE BEEN WITNESSING QUEUE JUMPING IN SILVER FROM MAY 1 2017 ONWARD. IT IS NOW COMFORTING TO SEE CONSIDERABLE QUEUE JUMPING OCCURRING CONTINUALLY IN GOLD FOR THE FIRST TIME SINCE RECORDED TIME AT THE GOLD COMEX!!(1974). QUEUE JUMPING CAN ONLY OCCUR ON PHYSICAL METAL SHORTAGE.

ESTIMATED VOLUME FOR TODAY: NOT AVAILABLE
CONFIRMED VOLUME FOR YESTERDAY: 44,452 CONTRACTS
YESTERDAY’S CONFIRMED VOLUME OF 100,733 CONTRACTS EQUATES TO 503 MILLION OZ OR 71.9% OF ANNUAL GLOBAL PRODUCTION OF SILVER

Total dealer silver: 43.218 million
Total number of dealer and customer silver: 229.957 million oz
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42
The previous record was 224,540 contracts with the price at that time of $20.44
end