Harvey Organ: Continual Raids Having Minimal Impact On Short Covering

Harvey also says that dealer silver inventory is getting close to record lows again. Here’s the latest…

by Harvey Organ of Harvey Organ Blog

OCT 18/2017/UNSUCCESSFUL RAID ATTEMPT BY THE BANKERS: GOLD DOWN ONLY $3.75 AND SILVER DOWN ONL 2 CENTS/MARK CARNEY REVEALS THAT IT WILL BE THE EU THAT WILL SUFFER ON A HARD BREXIT/

GOLD: $1281.20 DOWN $3.75

Silver: $17.00 DOWN 2 cents

Closing access prices:

Gold $1280.50

silver: $17.00

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: $1296.60 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1288.20

PREMIUM FIRST FIX: $8.42 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1296;60

NY GOLD PRICE AT THE EXACT SAME TIME: $1288.20

Premium of Shanghai 2nd fix/NY:$8.42(PREMIUMS GETTING LARGER)

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LONDON FIRST GOLD FIX: 5:30 am est $1280.65

NY PRICING AT THE EXACT SAME TIME: $1281.00

LONDON SECOND GOLD FIX 10 AM: $1280.20

NY PRICING AT THE EXACT SAME TIME. 1280.80

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 82 NOTICE(S) FOR 8,200 OZ.

TOTAL NOTICES SO FAR: 2436 FOR 243,600 OZ (7.576TONNES)

For silver:

OCTOBER

48 NOTICES FILED TODAY FOR

240,000 OZ/

Total number of notices filed so far this month: 776 for 3,880,000 oz

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Bitcoin: $5558 bid /$5546 offer DOWN $29.40 (MORNING)

BITCOIN CLOSING;$5409.00 BID/$5428.00 DOWN $148.00

end

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY FELL BY ONLY 334 contracts from 192,262 UP TO 191,928 WITH RESPECT TO YESTERDAY’S TRADING (DOWN 33 CENTS). THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS. IT IS OBVIOUS THAT WE MUST HAVE HAD MINIMAL BANKER SHORT COVERING AND THUS THE REASON FOR ANOTHER RAID TODAY.

RESULT: A TINY SIZED FALL IN OI COMEX WITH THE 33 CENT PRICE FALL. OUR BANKERS COULD NOT COVER ANY OF THEIR HUGE SHORTFALL AND THUS ANOTHER CONTINUAL RAID WAS CALLED UPON .

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.961 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 48 NOTICE(S) FOR 240,000 OZ OF SILVER.

In gold, the open interest FELL BY A FAIR 4334 CONTRACTS DESPITE THE HUGE FALL IN PRICE OF GOLD ($17.40) . The new OI for the gold complex rests at 528,800 .OUR BANKER FRIENDS COVERED ONLY A SMALL AMOUNT OF THEIR GOLD SHORTS SO THEY COMMENCED ANOTHER RAID THIS MORNING..

Result: A FAIR SIZED DECREASE IN OI WITH THE FALL IN PRICE IN GOLD ($17.40). WE HAD SOME BANKER GOLD SHORT COVERING BY THE BANKERS WHICH WAS NOT ENOUGH FOR OUR CROOKS SO ANOTHER RAID WAS INITIATED TODAY .

we had: 82 notice(s) filed upon for 8200 oz of gold.

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

GLD:

Tonight , NO CHANGES in gold inventory at the GLD/

Inventory rests tonight: 853.13 tonnes.

SLV

Today: no changes in inventory:

INVENTORY RESTS AT 322.271 MILLION OZ

Let us head over to the comex:

The total gold comex open interest FELL BY A SMALL SIZED 4334 CONTRACTS DOWN to an OI level of 528,800WITH THE HUGE FALL IN THE PRICE OF GOLD ($17.40 DROP IN YESTERDAY’S TRADING). OUR BANKER FRIENDS HAD MINIMAL SUCCESS IN THEIR ATTEMPT TO COVER MUCH OF THEIR HUGE GOLD SHORTFALL .THEY WERE NOT HAPPY WITH THEIR ATTEMPT YESTERDAY SO THEY CONTINUED TO TORMENT TODAY. OCTOBER IS AN ACTIVE DELIVERY MONTH ALTHOUGH IT IS THE WEAKEST IN TERMS OF ACTUAL DELIVERIES AND OPEN INTEREST. WE VISUALIZED THAT THROUGHOUT THE MONTH OF SEPTEMBER, THE CROOKS UTILIZED THE EMERGENCY EFP SCHEME TO TRANSFER OBLIGATIONS OVER TO LONDON. IT THEN STANDS TO REASON THAT IF THE EMERGENCY WAS IN FORCE THROUGHOUT THE MONTH OF SEPTEMBER IT WOULD CONTINUE ON FIRST DAY NOTICE WHEREBY ANOTHER 7200 LONG COMEX CONTRACTS WERE GIVEN 7200 EFP’S.

Result: a TINY SIZED open interest DECREASE DESPITE THE HUGE SIZED FALL IN THE PRICE OF GOLD ($17.40.) AFTER BANKERS RETREATED TO HIGHER GROUND THEY INITIATED ANOTHER RAID YESTERDAY AFTERNOON CONTINUING ON THIS MORNING.

We have now entered the active contract month of Oct and here we saw a GAIN of 184 contracts UP TO 502 contracts. We had 1 notice filed yesterday so we GAINED 185 contracts or an additional 18,500 oz will stand for delivery at the comex in this active delivery month of October and 0 EFP notices were given. The low number of notices early in the delivery cycle is evidence of a lack of physical gold. We are also witnessing another queue jumping in the gold comex which is another indicator of physical shortage.

The November contract saw A gain OF 59 contracts up to 1137.

The very big active December contract month saw it’s OI loss OF 4436 contracts UP to 405,082

.

We had 82 notice(s) filed upon today for 8,200 oz

VOLUME FOR TODAY (PRELIMINARY) 320,951

CONFIRMED VOLUME YESTERDAY: 278,324

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And now for the wild silver comex results. Total silver OI FELL BY A TINY 334 CONTRACTS FROM 192,262 UP TO 191,928 WITH YESTERDAY’S 33 CENT FALL IN PRICE. WE HAD MINIMAL BANKER SHORT COVERING AS THE CROOKS TRIED AND FAILED IN THEIR ATTRMPT TO LOOSEN ANY SILVER LONGS FROM THE SILVER TREE. THE BANKERS HAD NO CHOICE WHERE YESTERDAY THEY INITIATED A RAID WHICH IS CONTINUING THIS MORNING.
We have now entered the non active contract month of October and here the OI LOST 134 contacts DOWN TO 267. We had 166 notices filed on yesterday so we gained 32 contracts or AN ADDITIONAL 160,000 oz will stand for delivery and 0 EFP’s were issued. November saw a GAIN of 17 contract(s) and thus RISIING TO 361. After November, the NEXT big active contract month is December and here the OI LOST 314 contracts DOWN to 144,743 contracts.
We had 48 notice(s) filed for 240,000 oz for the OCT. 2017 contract

INITIAL standings for OCTOBER
Oct.18/2017.

Gold Ounces
Withdrawals from Dealers Inventory in oz n/a
Withdrawals from Customer Inventory in oz
n/a oz
Deposits to the Dealer Inventory in oz n/a oz
Deposits to the Customer Inventory, in oz
n/a
No of oz served (contracts) today

82 notice(s)
8200 OZ
No of oz to be served (notices)
420contracts
(42,000 oz)
Total monthly oz gold served (contracts) so far this month
2436 notices
243,600 oz
7.576 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 xx kilobar transaction(s)/
WE HAD xx DEALER DEPOSIT:
total dealer deposits: xx oz
We had xxx dealer withdrawals:
total dealer withdrawals: xx oz
we had xxx customer deposit(s):
total customer deposits; xx oz
We had n/a customer withdrawal(s)
total customer withdrawals; nil oz
we had xxx adjustment(s)
For OCT:
Today, 0 notice(s) were issued from JPMorgan dealer account and 49 notices were issued from their client or customer account. The total of all issuance by all participants equates to 82 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 42 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 OCTOBER. contract month, we take the total number of notices filed so far for the month (2436) x 100 oz or 243,600 oz, to which we add the difference between the open interest for the front month of OCT. (502 contracts) minus the number of notices served upon today (82) x 100 oz per contract equals 285,600 oz, the number of ounces standing in this active month of OCT.

Thus the INITIAL standings for gold for the OCTOBER contract month:
No of notices served (2436) x 100 oz or ounces + {(502)OI for the front month minus the number of notices served upon today (82) x 100 oz which equals 285,600 oz standing in this active delivery month of OCTOBER (8.883tonnes).
WE GAINED 185 CONTRACTS OR AN ADDITIONAL 18500 OZ WILL STAND FOR DELIVERY
IT WAS OBVIOUS THAT THERE WAS HARDLY ANY PHYSICAL GOLD TO DELIVER UPON LONGS IN SEPTEMBER AND THIS CONTINUES ON IN OCTOBER. THE CROOKS USE THE EFP’S TO TRANSFER THEIR OBLIGATION TO ANOTHER EXCHANGE. THIS IS WHY ANOTHER 5400 EFP’S WERE ISSUED FOR OCTOBER GOLD ON FIRST DAY NOTICE AND IT ALSO EXPLAINS THE LACK OF DELIVERY NOTICES IN THE EARLY PART OF THIS DELIVERY ACTIVE MONTH. QUEUE JUMPING IS ANOTHER INDICATOR OF PHYSICAL SCARCITY AND THIS EVENT HAPPENED AGAIN THIS MORNING.
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Total dealer inventory 598,132.542 or 18.604 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,771,375.170 or 272.82 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 13 MONTHS 80 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE OCTOBER DELIVERY MONTH
OCTOBER INITIAL standings
Oct 18/ 2017

Silver Ounces
Withdrawals from Dealers Inventory n/a
Withdrawals from Customer Inventory
n/a oz
Deposits to the Dealer Inventory
n/a oz
Deposits to the Customer Inventory
n/a
No of oz served today (contracts)
48CONTRACT(S)
(240,000,OZ)
No of oz to be served (notices)
219contracts
(1,095,000 oz)
Total monthly oz silver served (contracts) 776contracts
(3,880,000 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 xxx deposit(s) into the dealer account:
total dealer deposit: xxx oz
we had xxx dealer withdrawals:
total dealer withdrawals: xxx oz
we had xx customer withdrawal(s):
TOTAL CUSTOMER WITHDRAWALS: xx oz
We had xx Customer deposit(s):
***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: 600,627.490 oz

we had 0 adjustment(s)
The total number of notices filed today for the OCTOBER. contract month is represented by 48 contracts( for 240,000 oz. To calculate the number of silver ounces that will stand for delivery in OCTOBER., we take the total number of notices filed for the month so far at 776x 5,000 oz = 3,880,0000 oz to which we add the difference between the open interest for the front month of OCT. (267) and the number of notices served upon today (48x 5000 oz) equals the number of ounces standing.

Thus the INITIAL standings for silver for the OCTOBER contract month: 776 (notices served so far)x 5000 oz + OI for front month of OCTOBER(267) -number of notices served upon today (48)x 5000 oz equals 4,975,000 oz of silver standing for the OCTOBER contract month. This is HUGE for this NON active delivery month. THE INCREASE IN TOTAL OZ STANDING FOR SILVER CONTINUES TO ADVANCE

WE GAINED 32 CONTRACTS OR AN ADDITIONAL 160,000 OZ WILL STAND FOR DELIVERY.
ESTIMATED VOLUME FOR TODAY: 87,044
CONFIRMED VOLUME FOR YESTERDAY: 79,983 CONTRACTS

Total dealer silver: 39.345 million (close to record low inventory
Total number of dealer and customer silver: 220.100 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
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