Shanghai Gold Premiums Now $17.87 Higher Than NY

Harvey Organ says the crooks are having a heck of a time trying to cover their shorts in gold & silver. Here’s why…

by Harvey Organ via Harvey Organ Blog

OCT 30/PAUL MANAFORT ARRESTED TODAY ON 12 COUNTS OF TAX EVASION AND MONEY LAUNDERING/GOLD REBOUNDS HIGHER BY $5.30 AND SILVER IS UP BY 8 CENTS/CHINA’S STOCK MARKET AND BOND MARKET FALL BADLY WITH THE YIELD CURVE ALREADY INVERTED SIGNIFYING THEIR ECONOMY IS SLOWING DOWN/

GOLD: $1276.15 UP $5.30

Silver: $16.83 UP 8 cents

Closing access prices:

Gold $1276.20

silver: $16.86

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: $1287.00 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1271.87

PREMIUM FIRST FIX: $15.13(premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1288.17

NY GOLD PRICE AT THE EXACT SAME TIME: $1270.30

Premium of Shanghai 2nd fix/NY:$17.87 PREMIUMS GETTING LARGER)

CHINA REJECTS NEW YORK PRICING OF GOLD!!!!

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LONDON FIRST GOLD FIX: 5:30 am est $1272.75

NY PRICING AT THE EXACT SAME TIME: $1271.15

LONDON SECOND GOLD FIX 10 AM: $1272.00

NY PRICING AT THE EXACT SAME TIME. 1273.70 ??

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 82 NOTICE(S) FOR 8200 OZ.

TOTAL NOTICES SO FAR: 3332 FOR 333,200 OZ (10.326TONNES)

For silver:

OCTOBER

1 NOTICE(S) FILED TODAY FOR

5,000 OZ/

Total number of notices filed so far this month: 1095 for 5,475,000 oz

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Bitcoin: $6192 bid /$6212 offer up $458.00 (MORNING)

BITCOIN CLOSING;$6097 BID:6117. OFFER UP $362.00

end

Tomorrow is options expiry for the LBMA/London contracts and they generally expire at around 9 am to 11 am. Tomorrow is also first day notice for gold and silver comex and November is a non active month for both.

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY ROSE BY A good sized 2210 contracts from 194 ,053 UP TO 195,983 DESPITE FRIDAY’S TRADING IN WHICH SILVER FELL BY 5 CENTS. THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS SO THEY CONTINUE TO TORMENT. THIS IS OPTIONS EXPIRY WEEK FOR BOTH GOLD AND SILVER SO WE MUST EXPECT SOFTNESS IN OUR METAL PRICES UNTIL THE 31ST OF OCTOBER. THEY ARE ALSO TARGETING THE 200 DAY AVERAGE FOR GOLD AT $1266.00

RESULT: A SURPRISING GOOD SIZED RISE IN OI COMEX WITH THE 5 CENT PRICE LOSS. OUR BANKERS COULD NOT COVER ANY OF THEIR HUGE SHORTFALL.

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.980 BILLION TO BE EXACT or 140% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 1 NOTICE(S) FOR 5,000 OZ OF SILVER

In gold, the open interest SURPRISINGLY FELL BY A HUGE 8,635 CONTRACTS DESPITE THE RISE IN PRICE OF GOLD ($2.15) . The new OI for the gold complex rests at 519,426. THE LOSS OF OI CONTRACTS WAS DUE TO THE ISSUING OF “EMERGENCY” EFP CONTRACTS WHERE A LONG RECEIVES A FIAT BONUS PLUS A DELIVERABLE PRODUCT ON A DIFFERENT EXCHANGE SUCH AS A LONDON FORWARD. WE SEEMS THAT IN EXCESS OF 8700 EFP CONTRACTS WERE ISSUED AT THIS MONTH END FOR NOVEMBER.

Result: A HUGE SIZED DECREASE IN OI DESPITE RISE IN PRICE IN GOLD ($2.15).WE HAD CONSIDERABLE EFP’S ISSUED AT MONTH END AS THE CME USES THIS “EMERGENCY” VEHICLE IF NOT GOLD IS AVAILABLE TO BE DELIVERED UPON LONGS AT THE COMEX.

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:

STRANGE!! WITH GOLD UP FOR TWO DAYS: , A HUGE CHANGE in gold inventory at the GLD/ A WITHDRAWAL OF 1.18 TONNES OF GOLD FROM THE GLD

Inventory rests tonight: 850.77 tonnes.

SLV

STRANGE: WITH SILVER UP THESE PAST TWO TRADING DAYS WE HAD A BIG WITHDRAWAL IN SILVER INVENTORY AT THE SLV: 1.133 MILLION OZ

INVENTORY RESTS AT 319.155 MILLION OZ

Let us head over to the comex:

The total gold comex open interest SURPRISINGLY FELL BY 8535 CONTRACTS DOWN to an OI level of 519,426 DESPITE THE RISE IN THE PRICE OF GOLD ($2.15 RISE IN FRIDAY’S TRADING). WE AGAIN WITNESS THE CME INTO AN “EMERGENCY” ACTION WHEREBY THEY DO NOT HAVE ANY GOLD TO DELIVER UPON LONGS IN THE UPCOMING NON ACTIVE DELIVERY MONTH OF NOVEMBER. THEY RESORTED TO THE ISSUANCE OF AN EXCESS OF 8500 EFP CONTRACTS WHICH ENTITLE THE HOLDER TO A FIAT BONUS PLUS A DELIVERABLE PRODUCT ON AN ANOTHER EXCHANGE AND THAT NO DOUBT IS A LONDON FORWARD.

AS I HAVE STATED ALL MONTH LONG IN DESCRIBING WHAT HAPPENED WHEN WE APPROACHED FIRST DAY NOTICE LAST MONTH:

“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.”

The amount of EFP’s issued for each of the past 3 months at month’s end;

Sept: 6500

Oct 7200

Nov: 8500

Result: a GOOD SIZED open interest DECREASE WITH THE RISE IN THE PRICE OF GOLD ($2.15.)

.

We have now entered the active contract month of Oct and here we saw a LOSS of 3 contracts DOWN TO 83 contracts. We had 77 notices filed yesterday so we GAINED 74 contracts or an additional 7400 oz will stand for delivery at the comex in this active delivery month of October and 0 EFP notices were given FOR OCTOBER. The low number of notices early in the delivery cycle is evidence of a lack of physical gold. We have just witnessed yet another queue jumping in the gold comex which is another indicator of physical shortage. TO SEE THIS IN BOTH GOLD AND SILVER MUST BE HEARTENING TO US!!

The November contract saw A loss OF 71 contracts down to 652.

The very big active December contract month saw it’s OI loss OF 9,666 contracts DOWN to 378,303 BUT OVER 8500 CONTRACTS LANDED IN LONDON LONG FORWARDS.

.

We had 82 notice(s) filed upon today for 8200 oz

VOLUME FOR TODAY (PRELIMINARY) 113,010

CONFIRMED VOLUME YESTERDAY: 374,307

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And now for the wild silver comex results. Total silver OI SURPRISINGLY ROSE BY HUGE 2210 CONTRACTS FROM 194,053 UP TO 195,983 DESPITE FRIDAY’S 5 CENT LOSS IN PRICE. WE HAD ZERO BANKER SHORT COVERING AS THE CROOKS TRIED AND FAILED IN THEIR ATTEMPT TO LOOSEN ANY SILVER LONGS FROM THE SILVER TREE ON FRIDAY. THE BANKERS WERE NOT HAPPY WITH THEIR POOR RESULT ON THURSDAY SO THE CROOKS CONTINUED WITH THEIR TORMENT BUT IN THE END THEY FAILED. ALSO IN TOTAL CONTRAST TO GOLD, ZERO SILVER CONTRACTS WENT FOR THE FIAT BONUS THROUGH THE EFP ROUTE,
We are now concluding the non active contract month of October and here the OI LOST 37 contacts DOWN TO 1 . We had 37 notices filed on Friday so we GAINED 0 contracts or AN ADDITIONAL nil oz will stand for delivery and 0 EFP’s were issued for OCTOBER. November saw a GAIN of 37 contract(s) and thus RISING TO 579. After November, the NEXT big active contract month is December and here the OI GAINED 542 contracts UP to 141,273 contracts.
We had 1 notice(s) filed for 5,000 oz for the OCT. 2017 contract

INITIAL standings for OCTOBER
Oct.30/2017.

Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
nil oz
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
259,620.985 oz
HSBC
(8 tonnes)
No of oz served (contracts) today

82 notice(s)
8200 OZ
No of oz to be served (notices)
1 contracts
(100 oz)
Total monthly oz gold served (contracts) so far this month
3332 notices
333,200 oz
10.326 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 nil DEALER DEPOSIT:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 1 customer deposit(s):
i) Into HSBC: 259,620.875 oz
total customer deposits 259.620.875 oz
We had 0 customer withdrawal(s)
total customer withdrawals; nil oz
we had 2 adjustment(s)
i) Out of Brinks: 410.000 oz leaves the dealer and enters the customer account of Brinks
ii) Out of Delaware: 1300.000 oz leaves the dealer and enters the customer account of Delaware (not kilobars)
For OCT:
Today, 0 notice(s) were issued from JPMorgan dealer account and 51 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 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 (3332) x 100 oz or 333,200 oz, to which we add the difference between the open interest for the front month of OCT. (83 contracts) minus the number of notices served upon today (82 x 100 oz per contract equals 333,300 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 (3332) x 100 oz or ounces + {(83)OI for the front month minus the number of notices served upon today (82) x 100 oz which equals 333,300 oz standing in this active delivery month of OCTOBER (10.367tonnes)
.
FOR OCTOBER THIS IS A GREAT SHOWING FOR PHYSICAL DELIVERY . OCTOBER IS A VERY POOR DELIVERY MONTH DESPITE IT BEING AN ACTIVE MONTH
WE GAINED 0 CONTRACT OR AN ADDITIONAL NIL OZ WILL STAND FOR DELIVERY
IT WAS OBVIOUS THAT THERE WAS HARDLY ANY PHYSICAL GOLD TO DELIVER UPON LONGS IN SEPTEMBER. THIS CONTINUED ON IN OCTOBER AND LOOKS LIKE IT WILL CONTINUE ON IN NOVEMBER. 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 6500 EFP’S FOR NOVEMBER. 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 THROUGHOUT THE MONTH.
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Total dealer inventory 553,576.101 or 17.218 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,707,219.874 or 270.83 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 82 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE OCTOBER DELIVERY MONTH
OCTOBER FINAL standings
Oct 30/ 2017

Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
420.782.629 oz
Brinks
Delaware
Scotia
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
1,565,120.510
Brinks
oz
No of oz served today (contracts)
1 CONTRACT(S)
(5,000,OZ)
No of oz to be served (notices)
0 contract
(NIL oz)
Total monthly oz silver served (contracts) 1095contracts
(5,475,000 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 3 customer withdrawal(s):
i) Out of Delaware: 9897.409 oz
ii) Out of Brinks: 96,530.560 oz
iii) Out of Scotia: 314,354.660 oz
TOTAL CUSTOMER WITHDRAWAL 420,782.629 oz
We had 1 Customer deposit(s):
i) Into Brinks; 1,565,120.510 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: 1.565,120.510 oz

we had 1 adjustment(s)
i) out of CNT: 2,126,928.725 oz was adjusted out of the dealer and into the customer account of CNT
The total number of notices filed today for the OCTOBER. contract month is represented by 1 contracts FOR 5,000 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 1095 x 5,000 oz = 5,475,0000 oz to which we add the difference between the open interest for the front month of OCT. (1) and the number of notices served upon today (1 x 5000 oz) equals the number of ounces standing.
.

Thus the INITIAL standings for silver for the OCTOBER contract month: 1095 (notices served so far)x 5000 oz + OI for front month of OCTOBER(1) -number of notices served upon today (1)x 5000 oz equals 5,475,000 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 AND THE TOTAL NUMBER OF OZ STANDING IN THIS NON ACTIVE MONTH IS SIMPLY OUTSTANDING FOR SILVER.

WE GAINED 0 CONTRACTS OR AN ADDITIONAL NIL OZ WILL STAND FOR DELIVERY.
ESTIMATED VOLUME FOR TODAY: 27,631
CONFIRMED VOLUME FOR YESTERDAY: 110.445 CONTRACTS
YESTERDAY’S CONFIRMED VOLUME OF 110.445 CONTRACTS EQUATES TO 552 MILLION OZ OR 78.9% OF ANNUAL GLOBAL PRODUCTION OF SILVER

Total dealer silver: 44.132 million (close to record low inventory
Total number of dealer and customer silver: 224.618 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