Harvey Organ: Silver Players Determined TO TAKE ON THE BANKERS

Harvey Organ says the silver players are resolute in taking on the bankers, but to expect constant whacking all week. There is also a phenomenon in gold giving the bankers all sorts of problems. Harvey also forecasts a day and time when the whackings will ease…

by Harvey Organ via Harvey Organ Blog

SEPT 25/NORTH KOREA TO THE USA: “YOU HAVE DECLARED WAR ON US” AND “WE WILL SHOOT DOWN YOUR WARPLANES”/ RUSSIA STATES THAT THE USA KILLED A BIG TIME GENERAL ON THE WESTERN SIDE OF DEIR-EZ-ZOR: IRAQI KURDISTAN HELD ITS INDEPENDENCE VOTE TODAY AND TURKEY, IRAQ AND IRAN READY TO ATTACK/CATALONIA LOOKS DEFIANT TO HOLD ITS REFERENDUM VOTE ON OCT 1/2017/CONDITIONS IN PUERTO RICO DIRE/GOLD UP $14.00 AND SILVER IS UP 16 CENTS/

GOLD: $1308.45 UP $14.00

Silver: $17.11 UP 16 CENT(S)

Closing access prices:

Gold $1311.25

silver: $17.17

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: $1299.46 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1292.68

PREMIUM FIRST FIX: $6.78 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1298.02

NY GOLD PRICE AT THE EXACT SAME TIME: $1293.70

Premium of Shanghai 2nd fix/NY:$4.32

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LONDON FIRST GOLD FIX: 5:30 am est $1295.50

NY PRICING AT THE EXACT SAME TIME: $1293.19 ????

LONDON SECOND GOLD FIX 10 AM: $1293.30

NY PRICING AT THE EXACT SAME TIME. 1293.95

For comex gold:

SEPTEMBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR NIL OZ.

TOTAL NOTICES SO FAR: 83 FOR 8300 OZ (0.2581 TONNES)

For silver:

SEPTEMBER

67 NOTICES FILED TODAY FOR

650,000 OZ/

Total number of notices filed so far this month: 6,303 for 31,515,000 oz

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end

We had 4 major events today to spark gold
1. North Korea stated that the USA has basically declared war on her and that North Korea will shoot down any USA war planes
2. Kurdistan is holding a referendum on independence today and already Iran, Iraq and Turkey stated that they are ready to mount an offensive against them
3. trouble in Catalonia as the government of Spain is trying to stop the vote on independence on Oct 1
4. A Russian General was killed by rocket fire in Syria and this fire supposedly came from the USA..
all of the above makes people seek gold as a safe haven..
Let us have a look at the data for today

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In silver, the total open interest FELL BY 1321 contracts from 189,605 DOWN TO 188,644 WITH THE TINY FALL IN PRICE THAT SILVER UNDERTOOK IN FRIDAY’S TRADING (DOWN 5 CENTS ). ON FRIDAY, OUR BANKERS TOOK A LITTLE SIESTA FROM THE PREVIOUS 9 DAYS OF TORMENT. A TINY AMOUNT OF SILVER LONGS EXITED THE CASINO BUT MOST OF OUR SILVER PLAYERS ARE RESOLUTE WILLING TO TAKE ON OUR BANKERS. REMEMBER THAT WE HAVE NOW ENTERED OPTIONS EXPIRY WEEK SO EXPECT CONTINUAL WHACKING OF OUR PRECIOUS METALS.

RESULT: A SMALL FALL IN OI COMEX WITH THE 5 CENT PRICE FALL. A SMALL FRACTION OF LONGS LEFT BUT MOST OF OUR SILVER PLAYERS ARE RESOLUTE IN THEIR DETERMINATION TO TAKE ON THE BANKERS.

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.943 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 67 NOTICE(S) FOR 335,000 OZ OF SILVER

In gold, the open interest FELL BY A CONSIDERABLE 8,896 CONTRACTS DESPITE THE RISE in price of gold ($1.70 GAIN WITH FRIDAY’S COMEX TRADING. The new OI for the gold complex rests at 552,379. WE ARE AGAIN EXPERIENCING THE SAME PHENOMENON AS WE ENTER ‘FIRST DAY DELIVERIES WEEK’ IN AN ACTIVE DELIVERY MONTH, I.E. THE ISSUANCE OF A HUGE NUMBER OF EFP’S WHICH ENTITLE THE HOLDER TO THE FIAT PROFIT PLUS A FUTURE DELIVERABLE PRODUCT ON ANOTHER EXCHANGE PROBABLY A LONDON BASED FORWARD. IT SEEMS THAT OVER 8900 EFP CONTRACTS WERE ISSUED. THESE ARE ‘EMERGENCY’ CONTRACTS WHERE THE SHORT HOLDERS DO NOT HAVE PHYSICAL TO DELIVER UPON A LONG AND SO THEY OFF- LOAD IT TO A PHYSICAL ZONE LIKE LONDON. WE ARE NOW ENTERING OPTIONS EXPIRY WEEK SO EXPECT THE PRICES OF BOTH GOLD AND SILVER TO BE SUBDUED. IT FINISHES THIS COMING FRIDAY MORNING .

Result: A HUGE DECREASE IN OI WITH THE RISE IN PRICE IN GOLD ($1.70). DEMAND FOR GOLD STILL HIGH BUT LONGS TRANSFERRED TO ANOTHER PHYSICAL EXCHANGE LIKE LONDON.

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 , we got this huge news: we had another big change in gold inventory:

a huge deposit of 3.84 tonnes.

Inventory rests tonight: 856.08 tonnes. Whenever GLD inventory advances so does our gold price.

SLV

Today: a huge change in inventory: a deposit of 1.842 million oz/

INVENTORY RESTS AT 326.757 MILLION OZ

Let us head over to the comex:

The total gold comex open interest FELL BY A CONSIDERABLE 8,896 CONTRACTS DOWN to an OI level of 552,379 WITH THE RISE IN THE PRICE OF GOLD ($1.70 GAIN IN FRIDAY’S TRADING). WE ARE AGAIN EXPERIENCING THE SAME PHENOMENON AS WE ENTER ‘FIRST DAY DELIVERIES WEEK’ IN AN ACTIVE DELIVERY MONTH, I.E. THE ISSUANCE OF A HUGE NUMBER OF EFP’S WHICH ENTITLE THE HOLDER TO THE FIAT PROFIT PLUS A FUTURE DELIVERABLE PRODUCT ON ANOTHER EXCHANGE PROBABLY A LONDON BASED FORWARD. IT SEEMS THAT OVER 8900 EFP CONTRACTS WERE ISSUED FOR OCTOBER. THESE ARE ‘EMERGENCY’ CONTRACTS WHERE THE SHORT HOLDERS DO NOT HAVE PHYSICAL TO DELIVER UPON A LONG AT THE COMEX AND SO THEY OFF- LOAD IT TO A PHYSICAL ZONE LIKE LONDON

Result: a HUGE SIZED open interest DECREASE WITH THE RISE IN THE PRICE OF GOLD TO THE TUNE OF $1.70.

DEMAND DID NOT DISAPPEAR, BUT LONGS TRANSFERRED THEIR POSITION TO ANOTHER EXCHANGE LIKE LONDON

The new non active September contract month saw it’s OI FELL BY 89 contracts DOWN to 539. We had 0 notices filed UPON YESTERDAY so we LOST 89 contracts or an additional 8900 oz will not stand for delivery in this non active month of September. We had 89 EFP’s ISSUED FOR SEPTEMBER which entitles them to a fiat bonus plus a deliverable contract on a different exchange and most likely that would be London. These are private deals so we do not get to see the makeup of these deals only the number of EFP’s issued.
The next active contract month is Oct and here we saw a LOSS of 1524 contracts DOWN to 21,756.

The November contract saw A GAIN OF 49 contracts UP to 727.

The very big active December contract month saw it’s OI LOSS OF 7,161 contracts DOWN to 432,413.

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

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And now for the wild silver comex results. Total silver OI FELL BY 1321 CONTRACTS FROM 189,965 DOWN TO 188,644 WITH FRIDAY’S TINY 5 CENT LOSS IN PRICE. WE HAVE HAD CONSTANT TORMENT FROM THE BANKERS THESE PAST 10 DAYS, BUT STILL OUR LONGS REMAIN RESOLUTE DETERMINED TO TAKE ON OUR BANKERS AS A TINY FRACTION OF SILVER LEAVES LEFT THE SILVER THEATRE. WE AGAIN WITNESS THE AMOUNT STANDING FOR SILVER DELIVERY INCREASE AND THIS TIME BY 220,000 OZ. WE HAVE BEEN WITNESSING THIS PHENOMENA FOR THE PAST 5 MONTHS. (SEE BELOW).
RESULT: A SMALL DECREASE IN OI AT THE COMEX WITH A 5 CENT LOSS IN PRICE. DEMAND FOR PHYSICAL SILVER RISES AGAIN AS THE AMOUNT STANDING INCREASES FOR THE SEPT CONTRACT MONTH BY A GOOD SIZED 220,000 OZ.SILVER DEMAND REMAINS EXTREMELY STRONG/THE RAID ALL WEEK LONG HAD NEGLIGIBLE EFFECT ON OUR RESOLUTE LONGS.
We are now in the active contract month of September (and the last active month until December). Today we witness Sept. OI LOSS OF 86 contacts DOWN to 192. We had 130 notices filed yesterday, so we again gained 44 contracts or an additional 220,000 oz will stand for delivery. This phenomenon has been happening in silver for the past 5 months whereby the amount standing increases on each and every delivery day. This queue jumping highlights the huge demand for silver that we have been witnessing around the globe. The next non active contract month for silver after September is October and here the OI GAINED 15 contacts UP TO 1067. November saw a GAIN of 4 contract(s) and thus RISING TO 77. After November, the NEXT big active contract month is December and here the OI LOST 1467 contracts DOWN to 150,102 contracts.

We had 67 notice(s) filed for 335,000 oz for the SEPT. 2017 contract

VOLUMES: for the gold comex

ESTIMATED VOLUME TODAY: 552,379 CONTRACTS / MONSTROUS!!

FRIDAY’S confirmed volume was 348,128 which is EXCELLENT

volumes on gold are STILL HIGHER THAN NORMAL!

INITIAL standings for SEPTEMBER
Sept.25/2017.

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 oz
No of oz served (contracts) today

0 notice(s)
NIL OZ
No of oz to be served (notices)
539 contracts
(53,900 oz)
Total monthly oz gold served (contracts) so far this month
83 notices
8300 oz
0.2587 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 39,885.0 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):
i) Into Scotia: nil oz
total customer deposits; nil oz
We had 0 customer withdrawal(s)
total customer withdrawals; nil oz
we had 0 adjustment(s)
For SEPT:
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 SEPTEMBER. contract month, we take the total number of notices filed so far for the month (83) x 100 oz or 8300 oz, to which we add the difference between the open interest for the front month of SEPT. (539 contracts) minus the number of notices served upon today (0) x 100 oz per contract equals 62,200 oz, the number of ounces standing in this active month of SEPT.

Thus the INITIAL standings for gold for the SEPTEMBER contract month:
No of notices served so far (83) x 100 oz or ounces + {(539)OI for the front month minus the number of notices served upon today (0) x 100 oz which equals 71,100 oz standing in this active delivery month of SEPTEMBER (1.934 tonnes)
We LOST 89 contracts OR AN ADDITIONAL 8900 OZ WILL NOT STAND FOR GOLD and 89 EFP’s were issued for September which gives the long holder a fiat bonus plus a deliverable product on another exchange and that most likely will be London. IT IS OBVIOUS THAT THERE IS 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 OVER 7400 EFP’S WERE ISSUED FOR OCTOBER ON FRIDAY.
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Total dealer inventory 716,132.702 or 22.277 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,697,4211.592 or 270.51 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 83 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE AUGUST DELIVERY MONTH
September initial standings
Sept 25 2017

Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
85,355.134 oz
CNT
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
615,075.59 oz
Scotia
No of oz served today (contracts)
67 CONTRACT(S)
(335,000 OZ)
No of oz to be served (notices)
125 contracts
(625,000 oz)
Total monthly oz silver served (contracts) 6303 contracts (31,515,000 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 6,384,375.1 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 1 customer withdrawal(s):
i) out of CNT: 85,355.134 oz
TOTAL CUSTOMER WITHDRAWALS: 85,355.134 oz
We had 1 Customer deposit(s):
i) Into Scotia: 615,075.59 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: 615,075.59 oz

we had 0 adjustment(s)
The total number of notices filed today for the SEPTEMBER. contract month is represented by 67 contract(s) for 335,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPTEMBER., we take the total number of notices filed for the month so far at 6303 x 5,000 oz = 31,515,000 oz to which we add the difference between the open interest for the front month of SEPT (278) and the number of notices served upon today (67) x 5000 oz equals the number of ounces standing.
.

Thus the INITIAL standings for silver for the SEPTEMBER contract month: 6303 (notices served so far)x 5000 oz + OI for front month of SEPTEMBER(278 ) -number of notices served upon today (67)x 5000 oz equals 32,140,000 oz of silver standing for the SEPTEMBER contract month. This is excellent for this active delivery month. Silver is being constantly demanded at the silver comex and we witness again the amount of silver demanded daily increase right from the get go. (ON AUGUST 31 (FIRST DATE NOTICE) WE HAD 20.15 MILLION OZ STAND. THUS IN THE FIRST 19 DAYS OF SEPTEMBER, WE HAVE HAD A HUGE INCREASE OF 12.1 MILLION OZ STAND FOR DELIVERY AS DEALERS JUMP QUEUE TRYING TO FIND THE NECESSARY SILVER TO SUPPLY TO OUR LONGS.)

WE HAD AN INCREASE OF 44 CONTRACTS OR AN ADDITIONAL 220,000 OZ OF SILVER WILL STAND FOR DELIVERY IN THIS ACTIVE CONTRACT MONTH OF SEPTEMBER. THIS HAS BEEN THE 5th CONSECUTIVE MONTH THAT WE HAVE WITNESSED EITHER AN INCREASE (95% OF THE TIME) OR STANDING PAT (THE OTHER 5%). WE HAVE NOT HAD A DECREASE IN STANDING I.E. AS THEY DELIVERY MONTH PROCEEDS NOBODY WISHES AN EFP PRODUCT IN EXCHANGE FOR A DEPARTING LONG.SOMEBODY BIG WANTS SILVER IN A VERY BIG WAY.
Last yr on the first day notice for the Sept silver 2016 contract we had 17.070 million oz stand for delivery.
By month end: 16.075 million oz/

Volumes: for silver comex
ESTIMATED VOLUME TODAY: 85,464 CONTRACTS: (HUGE)
FRIDAY’s confirmed volume was 55,110 contracts which is EXCELLENT
YESTERDAY’S CONFIRMED VOLUME OF 55,110 CONTRACTS WHICH EQUATES TO 275 MILLION OZ OF SILVER OR 39% OF ANNUAL GLOBAL PRODUCTION OF SILVER EX CHINA EX RUSSIA). IN OUR HEARINGS THE COMMISSIONERS STRESSED THAT THE OPEN INTEREST SHOULD BE AROUND 3% OF THE MARKET.

Total dealer silver: 38.674 million (close to record low inventory
Total number of dealer and customer silver: 218.719 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