Harvey Organ: Yesterday Gold & Silver Prices Were Mixed – Today It’s Open Interest

But silver open interest is still above 200,000. Here’s the details…

by Harvey Organ of Harvey Organ Blog

NOV 10/GOLD DROPS $13.00 AND SILVER FALLS BY 11 CENTS AS THE BANKERS UNLOAD A HUGE $4 BILLION NAKED COMEX GOLD SHORT/BITCOIN DROPS A HUGE $718.00/CHINA WILL NOW OFFICIALLY ALLOW FOREIGNERS TO TAKE CONTROL IN CHINA OF BANKS, INVESTMENT HOUSES AND INSURANCE COMPANIES: THE REAL REASON IS TO BAIL THEM OUT OF THEIR HUGE DEBT/

GOLD: $1274.00 UP $13.00

Silver: $16.89 DOWN 11 cents

Closing access prices:

Gold $1276.20

silver: $16.91

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: $1293.33 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1285.70

PREMIUM FIRST FIX: $7.63

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SECOND SHANGHAI GOLD FIX: $1292.60

NY GOLD PRICE AT THE EXACT SAME TIME: $1284.45

Premium of Shanghai 2nd fix/NY:$8.15

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LONDON FIRST GOLD FIX: 5:30 am est $1284.45

NY PRICING AT THE EXACT SAME TIME: $1284.90

LONDON SECOND GOLD FIX 10 AM: $1284.30

NY PRICING AT THE EXACT SAME TIME. 1284.30

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 14 NOTICE(S) FOR 1400 OZ.

TOTAL NOTICES SO FAR: 989 FOR 98,900 OZ (3.0762TONNES)

For silver:

NOVEMBER

2 NOTICE(S) FILED TODAY FOR

10,000 OZ/

Total number of notices filed so far this month: 871 for 4,355,000 oz

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Bitcoin: BID $6874 OFFER /$6899 DOWN $266.00 (MORNING)

BITCOIN CLOSING; BID $6421 OFFER: 6446 // DOWN $718.00

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 1349 contracts from 201,944 DOWN TO 200,595 WITH YESTERDAY’S TRADING IN WHICH SILVER FELL 11 CENTS. IT LOOKS LIKE WE GOT A FEW MORE COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE.

RESULT: A GOOD SIZED DROP IN OI COMEX WITH THE 11 CENT PRICE FALL. COMEX LONGS EXITED OUT OF THE COMEX AND NO DOUBT WERE ISSUED EFP’S 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. 1.002 BILLION TO BE EXACT or 144% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 2 NOTICE(S) FOR 10,000 OZ OF SILVER

In gold, the open interest FELL BY 1348 CONTRACTS DESPITE THE GOOD SIZED RISE IN PRICE OF GOLD ($3.25) WITH YESTERDAY’S TRADING . ORIGINALLY I THOUGHT THAT WE HAD SOME MINOR BANKER SHORT COVERING IN GOLD. HOWEVER JUDGING BY THE RAID TODAY, THAT WOULD BE IMPOSSIBLE. THUS THE DROP IN OI WAS DUE TO EFP’S ISSUED BY THE CROOKED BANKERS.The new OI for the gold complex rests at 535,042.

WE MAY HAVE HAD SOME SMALL EFP’S ISSUED FOR THE DECEMBER CONTRACT MONTH (COMEX LONGS TRANSFERRING OVER TO LONDON THROUGH THE EFP ROUTE)

Result: A TINY SIZED DECREASE IN OI DESPITE THE RISE IN PRICE IN GOLD ($3.25). WE HAD COMEX LONG TRANSFERS TO LONDON THROUGH THE EFP ROUTE.

we had: 14 notice(s) filed upon for 1400 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 FELL BY 1348 CONTRACTS DOWN to an OI level of 535,042 DESPITE THE RISE IN THE PRICE OF GOLD ($3.25 RISE IN YESTERDAY’S TRADING). SOMETHING MAY BE SCARING OUR BANKER SHORTS IF THEY COVERED AT A HIGHER PRICE. OR WHAT IS MORE LIKELY IS A COMEX TRANSFER TO LONDON THROUGH THE EFP ROUTE AND A FIAT BONUS.

Result: a SURPRISE DECREASE IN OPEN INTEREST DESPITE THE CONSIDERABLE RISE IN THE PRICE OF GOLD ($3.25.) I DOUBT VERY MUCH IF WE HAD A SMALL AMOUNT OF BANKER SHORT COVERING DUE TO GLOBAL TENSIONS ESPECIALLY IN SAUDI ARABIA. WHAT IS MORE LIKELY SCENARIO FOR THE DROP IN OI IS A TRANSFER OF COMEX LONGS TO LONDON THROUGH THE EFP ROUTE

.

We have now entered the NON active contract month of NOVEMBER.HERE WE HAD A GAIN OF 2 CONTRACT(S) UP TO 84. We had 2 notices filed YESTERDAY so gained 4 contracts or 400 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 14,114 contracts DOWN to 322,833. January saw its open interest rise by 113 contracts up to 737. FEBRUARY saw a gain of 10,621 contacts up to 131,069.

.

We had 14 notice(s) filed upon today for 1400 oz

VOLUME FOR TODAY (PRELIMINARY) 169,496

CONFIRMED VOLUME YESTERDAY: 432,819

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And now for the wild silver comex results. Total silver OI FELL BY 1349 CONTRACTS FROM 201,944 DOWN TO 200,595 WITH YESTERDAY’S 11 CENT LOSS IN PRICE. WE EITHER HAD MORE PRIVATE 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. I ORIGINALLY THOUGHT THAT WE MAY HAVE HAD SOME BANKER SHORT COVERING BUT THAT WAS NEGATED WITH TODAY’S RAID
The new front month of November saw its OI LOSS by 3 contracts and thus it stands at 4. We had 5 notice(s) served YESTERDAY so we gained 2 contracts or an additional 10,000 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 7401 contracts DOWN to 121,088. January saw A GAIN OF 224 contracts RISING TO 1053.
We had 2 notice(s) filed for 10,000 oz for the OCT. 2017 contract

INITIAL standings for NOVEMBER
Nov 10/2017.

Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
964.500
oz
Scotia
30 kilobars
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
nil oz
No of oz served (contracts) today

14 notice(s)
1400 OZ
No of oz to be served (notices)
65 contracts
(6500 oz)
Total monthly oz gold served (contracts) so far this month
989 notices
98900 oz
3.0762 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 1 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 Scotia: 964.500 OZ
total customer withdrawals; 964.500 oz
we had 0 adjustment(s)
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 14 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 7 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 (989) x 100 oz or 98900 oz, to which we add the difference between the open interest for the front month of NOV. (79 contracts) minus the number of notices served upon today (14 x 100 oz per contract equals 105,400 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 (989) x 100 oz or ounces + {(79)OI for the front month minus the number of notices served upon today (14) x 100 oz which equals 105,400 oz standing in this active delivery month of NOVEMBER (3.278 tonnes)
WE GAINED 4 ADDITIONAL CONTRACTS OR 400 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) = 8,721,201.107 or 271.26 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 10/ 2017

Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
1,002.500 oz
CNT
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
nil
oz
No of oz served today (contracts)
2 CONTRACT(S)
(10,000,OZ)
No of oz to be served (notices)
2 contract
(10,000 oz)
Total monthly oz silver served (contracts) 871 contracts
(4,355,000 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 CNT: 1,002.500 oz
TOTAL CUSTOMER WITHDRAWAL 1,002.500 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 NOVEMBER. contract month is represented by 2 contracts FOR 10,000 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 871 x 5,000 oz = 4,355,0000 oz to which we add the difference between the open interest for the front month of NOV. (4) and the number of notices served upon today (2 x 5000 oz) equals the number of ounces standing.
.

Thus the INITIAL standings for silver for the NOVEMBER contract month: 871 (notices served so far)x 5000 oz + OI for front month of NOVEMBER(4) -number of notices served upon today 2)x 5000 oz equals 4,365,000 oz of silver standing for the NOVEMBER contract month. This is EXCELLENT for this NON active delivery month of November.
We gained 2 contracts or an additional 10,000 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: 108,777
CONFIRMED VOLUME FOR YESTERDAY: 121,089 CONTRACTS
YESTERDAY’S CONFIRMED VOLUME OF 121,089 CONTRACTS EQUATES TO 609 MILLION OZ OR 87.0% OF ANNUAL GLOBAL PRODUCTION OF SILVER

Total dealer silver: 43.218 million
Total number of dealer and customer silver: 229.956 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