Harvey Organ: $2,000 Gold Price At Launch Of Chinese Oil-For-Gold Contract

Harvey had previously said to look to October 18th for the launch of the oil-for-gold-backed-yuan contract. Now, he’s looking at $2,000 for the price of gold…

Harvey Organ of Harvey Organ Blog

OCT 9/GOLD AND SILVER ADVANCE: GOLD UP $8.00 AND SILVER IS UP 23 CENTS/COMEX GOLD OPEN INTEREST FALLS BY OVER 2,000 CONTRACTS BUT SILVER DOES THE REVERSE AS SILVER LONGS REFUSE TO BUDGE/TRUMP IN A SHOUTING MATCH WITH BOB CORKER WHICH WILL SEAL THE DEATH OF TAX REFORM/TRUMP HINTS AT WAR WITH NORTH KOREA/TOMORROW IS A BIG DAY FOR CATALONIA SPAIN/RELATIONS BETWEEN THE USA AND TURKEY AT AN ALL TIME LOW WITH ARRESTS WITH RESPECT TO EMBASSY OFFICIALS FROM BOTH COUNTRIES/

GOLD: $1282.50 UP $8.00

Silver: $16.93 UP 23 CENT(S)

Closing access prices:

Gold $1284.80

silver: $16.98

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: $1300.79 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1281.60

PREMIUM FIRST FIX: $19.19 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1300.79

NY GOLD PRICE AT THE EXACT SAME TIME: $1282.30

Premium of Shanghai 2nd fix/NY:$19.49 (PREMIUMS GETTING LARGER)

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LONDON FIRST GOLD FIX: 5:30 am est $1282.15

NY PRICING AT THE EXACT SAME TIME: $1281.90

LONDON SECOND GOLD FIX 10 AM: $1278.75

NY PRICING AT THE EXACT SAME TIME. 1279.90

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.

TOTAL NOTICES SO FAR: 2329 FOR 232,900 OZ (7.241TONNES)

For silver:

OCTOBER

5 NOTICES FILED TODAY FOR

25,000 OZ/

Total number of notices filed so far this month: 390 for 1,950,000 oz

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end

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY ROSE BY A STRONG 1979 contracts from 184,165 UP TO 186,144 WITH RESPECT TO FRIDAY’S TRADING (UP 10 CENTS). THE CROOKS TRIED TO COVER AS MUCH OF THEIR SILVER SHORTS AS POSSIBLE YESTERDAY BUT IT LOOKS LIKE THEY HAD NO SUCCESS..SO THEY TRIED ANOTHER RAID ON FRIDAY BUT THEIR PLAN WAS FOILED WITH THE NEWS THAT NORTH KOREA WAS PLANNING ANOTHER LONG RANGE MISSILE CAPABLE OF HITTING THE WEST COAST OF THE USA.

RESULT: A GOOD SIZED RISE IN OI COMEX WITH THE 10 CENT PRICE RISE AND CONSTANT TORMENT. IT SURE LOOKS LIKE OUR BANKERS FAILED AGAIN IN THEIR ATTEMPT TO COVER MUCH OF THEIR MASSIVE SILVER SHORTFALL SO ANOTHER RAID WAS ORCHESTRATED FRIDAY MORNING BUT THAT FAILED AS WELL ON THE NORTH KOREAN NEWS.

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.931 BILLION TO BE EXACT or 133% 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 MUCH LARGER THAN EXPECTED 2,591 CONTRACTS DESPITE THE RISE in price of gold ($1.60 ) . The new OI for the gold complex rests at 514,151. OUR BANKER FRIENDS WERE MILDLY SUCCESSFUL IN COVERING SOME OF THEIR GOLD SHORTS. THE BANKERS WERE REACHING FOR CAPITULATION ON FRIDAY BY CAUSING ANOTHER HUGE RAID ON GOLD AND SILVER BUT THAT WAS FOILED ON NEWS THAT NORTH KOREA WAS PLANNING ANOTHER LONG RANGE MISSILE LAUNCH.

Result: A GOOD SIZED DECREASE IN OI WITH THE RISE IN PRICE IN GOLD ($1.40)

we had: 0 notice(s) filed upon for NIL oz of gold.

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

GLD:

Tonight , ANOTHER BIG CHANGE in gold inventory at the GLD/ this time A DEPOSIT OF 4.43 TONNES

Inventory rests tonight: 858.45 tonnes.

SLV

Today: ANOTHER BIG change in inventory: ANOTHER DEPOSIT OF 1.227 MILLION OZ

INVENTORY RESTS AT 326.898 MILLION OZ

Let us head over to the comex:

The total gold comex open interest FELL BY MUCH LARGER THAN EXPECTED 2,591 CONTRACTS DOWN to an OI level of 514,151 DESPITE THE TINY RISE IN THE PRICE OF GOLD ($1.40 RISE IN FRIDAY’S TRADING). OUR BANKER FRIENDS WERE MILDLY SUCCESSFUL IN THEIR ATTEMPT TO COVER SOME OF THEIR HUGE GOLD SHORTFALL. 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. WE HAVE NOW ENDED GOLDEN WEEK WHERE ALL OF CHINA WAS OFF AND AS SUCH EXPECT GOLD TO FIRM UP THIS WEEK WITH CHINA RETURNING TO ACTIVE DUTY PURCHASING OUR PRECIOUS METALS.

Result: a LARGER SIZED open interest DECREASE WITH THE SMALL SIZED RISE IN THE PRICE OF GOLD ($1.40) . BANKERS MILDLY SUCCESSFUL IN THEIR ATTEMPT TO COVER THEIR GOLD SHORTFALL. BANKERS WERE TRYING FOR CAPITULATION IN THE WHACKING OF GOLD BUT THEIR PLAN WAS FOILED WITH NEWS OF NORTH KOREA PREPARING TO LAUNCH A MISSILE CAPABLE OF HITTING THE WEST COAST OF THE USA.

IN SEPTEMBER,CHINA THREW OUT A TRIAL BALLOON LAST MONTH THAT THEY WERE CONSIDERING A YUAN BASED OIL CONTRACT ON THE SHANGHAI EXCHANGE AND THEN THE RECIPIENT OF YUAN WILL ALSO HAVE THE OPTION OF CONVERTING TO GOLD. I NOW STRONGLY BELIEVE THAT THAT IS THE REASON FOR THE CONSTANT TORMENT. THE BANKERS KNOW THAT THEIR GAME WILL BE UP ONCE WE GET A YUAN-PETRO SCHEME WITH A CONVERSION OF YUAN INTO GOLD.

I BELIEVE THE CHINESE WILL INTRODUCE THIS SCHEME AT THEIR BIG 5 YR FORUM BEGINNING ON OCT 18.

I WOULD IMAGINE THAT THE CHINESE WOULD TAKE IN ALL GOLD INITIALLY AT SAY $2,000…AND THE NEW GOLD RECEIVED WOULD BE USED TO SETTLE ON YUAN CASHED. IF 2,000 DOLLARS IS INSUFFICIENT TO RAISE ENOUGH GOLD, THEN FURTHER INCREASES WILL BE THE ORDER OF THE DAY UNTIL EQUILIBRIUM.

THE BANKERS FEARING THIS, HAS ORCHESTRATED HUGE RAIDS THESE PAST 3 WEEKS HOPING TO COVER AS MANY GOLD/SILVER SHORTS AS POSSIBLE.

We have now entered the active contract month of Oct and here we saw a LOSS of 18 contracts DOWN to 220 contracts. We had 15 notices filed yesterday so we LOST 3 contracts or 300 oz will NOT stand for delivery at the comex and 3 EFP notices were given.

The November contract saw A loss OF 161 contracts down to 1395.

The very big active December contract month saw it’s OI LOSS OF 4289 contracts DOWN to 403,283.

We had 0 notice(s) filed upon today for NIL oz

VOLUME FOR TODAY (PRELIMINARY) 201,749 AVAILABLE

CONFIRMED VOLUME FRIDAY: 384,881

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And now for the wild silver comex results. Total silver OI ROSE BY 1,979 CONTRACTS FROM 184,165 UP TO 186,144 DESPITE FRIDAY’S TINY 10 CENT RISE IN PRICE. WE HAVE HAD MINIMAL BANKER SHORT COVERING OVER THESE PAST TWO WEEKS AND GAIN ON FRIDAY AS THEIR RAID FAILED AGAIN TO LOOSEN MORE SILVER LONGS FROM THE SILVER TREE. THE BANKERS TRIED ON MORE TIME ON FRIDAY MORNING IN THEIR FINAL ATTEMPT TO RAID BEFORE “GOLDEN WEEK” ENDS IN CHINA. THEIR RAID ATTEMPT FAILED ON NEWS THAT NORTH KOREA WAS PLANNING TO TEST A MISSILE LAUNCH CAPABLE OF HITTING THE WEST COAST OF THE USA.
We have now entered the non active contract month of October and here the OI LOST 15 contacts DOWN TO 532. We had 15 notices filed on Friday so we GAINED 0 contracts or AN ADDITIONAL zero oz will stand for delivery. November saw a gain of 8 contract(s) and thus RISING TO 289. After November, the NEXT big active contract month is December and here the OI LOST 207 contracts DOWN to 143,454 contracts.
We had 5 notice(s) filed for 25,000 oz for the OCT. 2017 contract

INITIAL standings for OCTOBER
Oct.9/2017.

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

0 notice(s)
NIL OZ
No of oz to be served (notices)
216 contracts
(21,600 oz)
Total monthly oz gold served (contracts) so far this month
2329 notices
232,900 oz
7.2441 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 0 DEALER DEPOSIT:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: 0 oz
we had 0 customer deposit(s):
total customer deposits; nil oz
We had n/a customer withdrawal(s)
total customer withdrawals; nil oz
we had 0 adjustment(s)
For OCT:
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 0 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 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 (2329) x 100 oz or 232,900 oz, to which we add the difference between the open interest for the front month of OCT. (216 contracts) minus the number of notices served upon today (0) x 100 oz per contract equals 254,500 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 (2329) x 100 oz or ounces + {(216)OI for the front month minus the number of notices served upon today (0) x 100 oz which equals 254,500 oz standing in this active delivery month of OCTOBER (7,916 tonnes).
WE LOST 7 CONTRACTS OR AN ADDITIONAL 700 OZ WILL NOT STAND AS THE BANKERS ISSUED 7 EFP CONTRACTS.
IT WAS OBVIOUS THAT THERE WAS HARDLY ANY GOLD TO DELIVER UPON LONGS IN SEPTEMBER. THUS 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.
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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 6.2017

Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
31,036.723 oz
CNT
Delaware
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
599,281.700 oz
HSBC
No of oz served today (contracts)
5 CONTRACT(S)
(25,000 OZ)
No of oz to be served (notices)
527 contracts
(2,635,000 oz)
Total monthly oz silver served (contracts) 390 contracts (1,950,000 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 0 dealer withdrawals:
total dealer withdrawals: nil oz
we had 2 customer withdrawal(s):
i) Out of CNT: 29,984.760 oz
ii) Out of Delaware: 1046.963 oz
TOTAL CUSTOMER WITHDRAWALS: 31,036.723 oz
We had 0 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: nil oz

we had 0 adjustment(s)
The total number of notices filed today for the OCTOBER. contract month is represented by 5 contract(s) for 25,000 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 390 x 5,000 oz = 1,950,000 oz to which we add the difference between the open interest for the front month of OCT. (532) 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 OCTOBER contract month: 390 (notices served so far)x 5000 oz + OI for front month of OCTOBER(532 ) -number of notices served upon today (15)x 5000 oz equals 4,585,000 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 0 CONTRACTS OR AN ADDITIONAL NIL OZ WILL STAND FOR DELIVERY.
ESTIMATED VOLUME FOR TODAY: 58.940
CONFIRMED VOLUME FOR YESTERDAY: 112,459 CONTRACTS

Total dealer silver: 39.345 million (close to record low inventory
Total number of dealer and customer silver: 219.562 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