Harvey Organ: Premiums Are On The Rise Again In Shanghai Versus The West

The cartel is having trouble covering their shorts. Here’s a shorter than usual October 12th report that is big on information…

by Harvey Organ of Harvey Organ Report

OCT 12/COMEX FINAL DATA/PLUS A FEW MAJOR STORIES

October 12, 2017 · by harveyorgan · in Uncategorized · 3 Comments
GOLD: $129200 up $6,20

Silver: $1717 up 9 cents

Closing access prices:

Gold $

silver: $

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: $xxx DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $xxx

PREMIUM FIRST FIX: $11.31 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $xxx

NY GOLD PRICE AT THE EXACT SAME TIME: $xxx

Premium of Shanghai 2nd fix/NY:$9.00 (PREMIUMS GETTING LARGER)

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

NY PRICING AT THE EXACT SAME TIME: $xx

LONDON SECOND GOLD FIX 10 AM: $xx

NY PRICING AT THE EXACT SAME TIME. xxx

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 5 NOTICE(S) FOR 500 OZ.

TOTAL NOTICES SO FAR: 2334 FOR 233,400 OZ (7.259TONNES)

For silver:

OCTOBER

124 NOTICES FILED TODAY FOR

620,000 OZ/

Total number of notices filed so far this month: 516 for 2,580,000 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 FELL BY 838 contracts from 188,258 DOWN TO 187,422 WITH RESPECT TO YESTERDAY’S TRADING (UP 9 CENTS). THE CROOKS ARE HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS. IT IS OBVIOUS THAT WE MUST HAVE HAD A TINY BANKER SHORT COVERING.

RESULT: A SMALL SIZED FALL IN OI COMEX WITH THE 9 CENT PRICE RISE. OUR BANKERS WERE FORCED TO COVER SOME OF THEIR HUGE SHORTFAL .

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.937BILLION TO BE EXACT or 133% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 124 NOTICE(S) FOR 620,000 OZ OF SILVER.

In gold, the open interest SURPRISINGLY FELL BY 1616 CONTRACTS DESPITE THE GOOD SIZE RISE in price of gold ($6.20 ) . The new OI for the gold complex rests at 518,389. OUR BANKER FRIENDS WERE CERTAINLY CAUGHT OFF GUARD WITH THE FOMC ANNOUNCEMENT YESTERDAY AFTERNOON AND THEY ALSO DECIDED TO COVER SOME OF THEIR HUGE GOLD SHORTS.

Result: A GOOD SIZED DECREASE IN OI DESPITE THE RISE IN PRICE IN GOLD ($6.20). WE PROBABLY HAD SOME BANKER GOLD SHORT COVERING BY THE BANKERS.

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 , NO CHANGES in gold inventory at the GLD/

Inventory rests tonight: 858.45 tonnes.

SLV

Today: NO changes in inventory:

INVENTORY RESTS AT 326.898 MILLION OZ

end

Let us head over to the comex:

The total gold comex open interest SURPRISINGLY FELL BY A STRONG 1616 CONTRACTS DOWN to an OI level of 518,389 WITH THE RISE IN THE PRICE OF GOLD ($6.20 RISE IN YESTERDAY’S TRADING). IT SEEMS THAT OUR BANKER FRIENDS TRIED TO COVER SOME OF THEIR HUGE GOLD SHORTFALL IN THE MORNING WITH LIMITED SUCCESS THE BANKERS RETREATED TO HIGHER GROUND AS WELL AS COVERING SOME OF THEIR 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 WE SHOULD EXPECT GOLD TO BE STRONG THIS WEEK WITH CHINA RETURNING TO ACTIVE DUTY PURCHASING OUR PRECIOUS METALS.

Result: a GOODSIZED open interest DECREASE WITH THE GOOD SIZED RISE IN THE PRICE OF GOLD ($6.20). BANKERS RETREATED TO HIGHER GROUND AND COVERED A TINY PORTION OF THE GOLD SHORTFALL

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.

NOW THAT WE ARE CLOSE TO THE 29TH CHINESE CONGRESS, THE BANKERS ARE TAKING NO CHANCES AS THEY START TO COVER THEIR GOLD/SILVER SHORTFALL.

We have now entered the active contract month of Oct and here we saw a LOSS of 0 contracts DOWN to 220 contracts. We had 0 notices filed yesterday so we LOST 0 contracts or NIL oz will NOT 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.

The November contract saw A loss OF 42 contracts down to 1387.

The very big active December contract month saw it’s OI LOSS OF 1856 contracts DOWN to 399,573

.

We had 5 notice(s) filed upon today for 500 oz

VOLUME FOR TODAY (PRELIMINARY) NOT AVAILABLE

CONFIRMED VOLUME YESTERDAY: XXX

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And now for the wild silver comex results. Total silver OI FELL BY 838 CONTRACTS FROM 188,422 DOWN TO 187,2422WITH YESTERDAY’S 9 CENT RISE IN PRICE. WE HAVE HAD SOME BANKER SHORT COVERING AS THE CROOKS TRY AND LOOSEN SOME SILVER LONGS FROM THE SILVER TREE WITH LIMITED SUCCESS AS THE BANKERS RETREATED TO HIGHER GROUND. THE GOOD SIZED RISE IN SILVER PRICE MEANS THAT THEY HAVE ABANDONED ALL HOPE OF COVERING AT LOWER PRICES, SO THEY REGROUP AT MUCH HIGHER PRICES WHERE THEY WILL ATTEMPT AGAIN AT COVERING.
We have now entered the non active contract month of October and here the OI LOST 16 contacts DOWN TO 512. We had 1 notice filed on yesterday so we LOST 15 contracts or AN ADDITIONAL 75,000 oz will NOT stand for delivery and z15 EFP’s were issued IN WHICH DEPARTING LONGS RECEIVED A FIAT BONUS PLUS A FUTURE DELIVERABLE PRODUCT AND NO DOUBT THAT WOULD BE A LONDON BASED FORWARD. November saw a GAIN of 8 contract(s) and thus RISIING TO 290. After November, the NEXT big active contract month is December and here the OI LOST 997 contracts DOWN to 141M644 contracts.
We had 124 notice(s) filed for 620,000 oz for the OCT. 2017 contract

INITIAL standings for OCTOBER
Oct.12/2017.

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

5notice(s)
500 OZ
No of oz to be served (notices)
220contracts
(22,000 oz)
Total monthly oz gold served (contracts) so far this month
2334 notices
233,400 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 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 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 5 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 4 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 (2334) x 100 oz or 232,900 oz, to which we add the difference between the open interest for the front month of OCT. (220 contracts) minus the number of notices served upon today (5) x 100 oz per contract equals 254,900 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 (2334) x 100 oz or ounces + {(220)OI for the front month minus the number of notices served upon today (5) x 100 oz which equals 254,900 oz standing in this active delivery month of OCTOBER (7.928tonnes).
WE LOST 0 CONTRACTS OR AN ADDITIONAL NIL OZ WILL STAND
IT WAS OBVIOUS THAT THERE WAS HARDLY ANY 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.
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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 12.2017

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)
124 CONTRACT(S)
(620,000 OZ)
No of oz to be served (notices)
388contracts
(1,940,000 oz)
Total monthly oz silver served (contracts) 516contracts
(2,580,000 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 124 contract(s) for 620000 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 514 x 5,000 oz = 2,580,000 oz to which we add the difference between the open interest for the front month of OCT. (528) and the number of notices served upon today (124x 5000 oz) equals the number of ounces standing.
.

Thus the INITIAL standings for silver for the OCTOBER contract month: 516 (notices served so far)x 5000 oz + OI for front month of OCTOBER(5212) -number of notices served upon today (124)x 5000 oz equals 4,535,000 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 LOST 12 CONTRACTS OR AN ADDITIONAL 60,000 OZ WILL NOT STAND FOR DELIVERY.
ESTIMATED VOLUME FOR TODAY: NOT AVAILABLE
CONFIRMED VOLUME FOR YESTERDAY: XXXCONTRACTS

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
end