CHAOS! – Harvey Organ

Harvey OrganTHE WORLD IS NOW WORRIED ABOUT HIGHER BOND YIELDS CRASHING INVESTORS…

 

 

GOLD AND SILVER ARE CONTINUOUSLY BEING CONTAINED BY OUR BANKERS AS THE WORLD IS NOW WORRIED ABOUT HIGHER BOND YIELDS CRASHING INVESTORS/BANK OF JAPAN IN CHAOS AS THEY DO NOT KNOW WHAT TO DO AS THEY ARE RUNNING OUT OF BONDS TO MONETIZE/ CHINESE TROUBLE AS POBC RAISES YUAN TO HURT THE SHORTS BUT HIBOR AT 8.25%/IN THE USA ANOTHER CO OP IN OBAMACARE BITES THE DUST

On Sale At SD Bullion

This Week Only…

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Gold:1321.50 up $0.50

Silver 18.98  up 7 cents

In the access market 5:15 pm

Gold: 1322.80

Silver: 18.99

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

.

The Shanghai fix is at 10:15 pm est and 2:15 am est

The fix for London is at 5:30  am est (first fix) and 10 am est (second fix)

Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.

*Mathew Hunter of the CFTC has corrected me on the timing of the London fixes

And now the fix recordings:

Shanghai morning fix Sept 14 (10:15 pm est last night): $1322.21

NY ACCESS PRICE: $1318.75 (AT THE EXACT SAME TIME)

Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$1325.01

NY ACCESS PRICE: 1321.50 (AT THE EXACT SAME TIME)

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London Fix: Sept 14: 5:30 am est:  $1323.20   (NY: same time:  $1322.50:    5:30AM)

London Second fix Sept 8: 10 am est:  $1321.75  (NY same time: $1323.00 ,    10 AM)

 

It seems that Shanghai pricing is higher than the other  two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.

Also why would mining companies hand in their gold to the comex and receive constantly lower prices.  They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.

 
 

For comex gold:The front September contract month we had 16 notices filed for 1600 oz

 

For silver:  the front month of September we have a total of 106 notices filed for 530,000 oz

 
 

Let us have a look at the data for today

.

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In silver, the total open interest FELL by 1,541 contracts down to 193,953. The open interest fell as  the silver price was  down 2 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .969 BILLION TO BE EXACT or 139% of annual global silver production (ex Russia &ex China). the crooks are doing a great job fleecing unsuspecting longs

In silver we had 106 notices served upon for 530,000 oz

In gold, the total comex gold fell by 1,717 contracts as  the price of gold fell BY $2.00 yesterday . The total gold OI stands at 575,002 contracts.  The level of OI now is good for us as it will support a rise in gold price.

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

GLD

LAST NIGHT WE HAD ONE change  out of the GLD/ A HUGE WITHDRAWAL OF 4.45 TONNES FROM THE GLD/

Total gold inventory rest tonight at: 935.49 tonnes of gold

SLV

we had no changes with respect to inventory at the SLV

THE SLV Inventory rests at: 362.434 million oz

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver fell by 1541 contracts down to 193,953 as the price of silver fell by 2 cents with yesterday’s trading.The gold open interest fell 1,717 contracts down to 575,002 as the price of gold fell $2.00 IN YESTERDAY’S TRADING.

(report Harvey).

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

 

end

3. ASIAN AFFAIRS

i)Late  TUESDAY night/WEDNESDAY morning: Shanghai closed DOWN 20.66 POINTS OR 0.68%/ /Hang Sang closed DOWN 25.12 points or 0.11%. The Nikkei closed DOWN 114.80 POINTS OR 0.69% Australia’s all ordinaires  CLOSED UP 0.38% Chinese yuan (ONSHORE) closed MARGINALLY UP at 6.6746/Oil ROSE to 45.06 dollars per barrel for WTI and 47.17 for Brent. Stocks in Europe: ALL IN THE GREEN   Offshore yuan trades  6.6761 yuan to the dollar vs 6.6746 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS HUGELY AS  MORE USA DOLLARS ATTEMPT TO   LEAVE CHINA’S SHORES

REPORT ON JAPAN  SOUTH KOREA NORTH KOREA AND CHINA

3a)Korea: 

none

b) REPORT ON JAPAN

i)Next week the Bank of Japan is ready to increase the negative interest as the centerpiece of its strategy.  It will still keep its QE intact but will concentrate its effort on the short end of the yield curve and not attack the long end.

This too will end in failure..

( Reuters)

ii) The Bank of Japan has hinted on 3 options that they will do next week.We outline the 3 trial balloons.  One thing is for sure: B of J officials themselves do not know what they are doing or what might happen if they attempt one of the trial balloons

(courtesy zero hedge)

c) REPORT ON CHINA

Unexpectedly the POBC raised the value of the yuan both offshore and onshore. While this was going on liquidity disappeared as HIBOR rose to 8.2%.  China wants to punish the yuan shorts

( zero hedge)

4 EUROPEAN AFFAIRS

none today

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

SAUDI ARABIA

The house passed the bill unanimously and it is now up to Obama to veto it.  He has just stated that he would veto.  However if he does not veto, the Saudis are threatening world chaos and extremism will follow.  No doubt that they will unload all of their bonds onto the USA.  Also the House can send the bill again and if 60% of the vote passes, it becomes law from which the Saudis will unleash their scorn!

(courtesy zerohedge)

6.GLOBAL ISSUES

And now the next nation to turn against the USA: the Philippines.  They are now buying weapons from Russian and China

( zero hedge)

7.OIL ISSUES

i)Crude tumbles again below 45 dollars

( zerohedge)

ii)Oil first rises and then falters as the Dow heads into negative territory:

( zerohedge)

8.EMERGING MARKETS

i)VENEZUELA 

A dozen eggs: 150 dollars.  Middle class fathers cannot feed their families as they scour garbage cans looking for food.  May I remind everyone that Venezuela has the largest oil reserves in the world and yet this once  experiment in social utopia has ended in a failed state.

I would also like to point out that the moronic Maduro is using his last reserves of gold to pay for stuff. You can just imagine what will happen when the last oz is used up.

 

( Warner/Gatestone Institute).

ii)BRAZIL

Former President of Brazil Lula has now been charged with corruption

(courtesy Bruce Douglas/Bloomberg)

9.PHYSICAL STORIES

i)A good story on the life of a South African gold miner:

( Reuters)

ii)John Embry explains the bond panic of yesterday coupled with more frantic efforts by the bankers trying to contain both gold and silver

( John Embry/Kingworldnews)

10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER

i)Trading early this morning:10 am est  2 commentaries

First: early morning trading

Second:

This is something to watch:  Risk Parity funds have been experiencing a bloodbath as stocks crashed!

( zero hedge)

ii)In the key state of Ohio, Donald Trump leads Hillary by 5 full percentage points

( zero hedge)

iii)We now have only 6 co operative health funding facility left.  Today Health Republkic Insurance of New Jersey is folding due to hazardous financial conditions:

( Mish Shedlock/Mishtalk)

Let us head over to the comex:

The total gold comex open interest fell to an OI level of 575,002 for a loss of 1717 contracts as the price of gold FELL by $2.00 with yesterday’s trading. We are now in the NON active month of SEPTEMBER/

The contract month of Sept saw it’s OI FALL by 17 contracts DOWN to 154. We had 20 notices filed yesterday so we GAINED 3 contracts or 300 additional oz will stand for delivery. The next delivery month is October and here the OI FELL by 1237 contracts down to 40,836. This level is extremely high and no doubt many of these will wait it out and take delivery at the end of the month. The next contract month of December showed an decrease of 1,135 contracts down to 429,064.The estimated volume today at the comex: 171,811 fair  Confirmed volume yesterday: 210,555 which is good.

Today we had  16 notice filed for  21600 oz of gold.
 
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And now for the wild silver comex results.  Total silver OI fell by 1541 contracts from 195,494 down to 193,953  with the FALL in price of silver to the tune of 2 cents yesterday.  We are moving away from the all time record high for silver open interest set on Wednesday August 3:  (224,540).  We are now into the next active month of September and here the OI fell by 79 contracts down to 886. We had 27 notices filed upon YESTERDAY so we lost 52 contracts or 260,000 additional oz will not stand for delivery in this active month of September. The next non active delivery movement of October hardly moved rose by 2 contracts up to 270 contracts.  The next big delivery month will be December and here it fell , down 1,057 contracts  to 168,561. The volume on the comex today (just comex) came in at 59,956 which is excellent  The confirmed volume yesterday (comex and globex) was huge  at 84,733 . Silver is not in backwardation.  London is in backwardation for several months.

 

today we had 106 notices filed for silver: 530,000 oz

 
 
 
 
 
INITIAL standings for SEPTEMBER
 
 SEPT 14.
Note:  gold inventory not available today because of CME goof!
Gold
Ounces
Withdrawals from Dealers Inventory in oz  NIL
Withdrawals from Customer Inventory in oz  nil
 
 
 
 nil
Deposits to the Dealer Inventory in oz NIL oz
Deposits to the Customer Inventory, in oz 
 
NIL
 
 
 
No of oz served (contracts) today
16 notices 
1,600 oz
No of oz to be served (notices)
138 contracts
(13,800 oz)
 
 
Total monthly oz gold served (contracts) so far this month
2344 contracts
234,400 oz
 
7.2908 tonnes
 
Total accumulative withdrawals  of gold from the Dealers inventory this month   192.90 oz
Total accumulative withdrawal of gold from the Customer inventory this month   76,117.3 oz
 
 Today; zero activity at the gold comex  as the CME does not provide inventory movements
 
 
We had 0 dealer deposit:
 
 
Total dealer deposits; NIL oz
 
 
We had 0 dealer withdrawals:
 
 
 
total dealer withdrawals; NIL oz
 
 
 
we had 0 customer deposits:
 
 
 
Total customer deposits: nil oz.
 
 
 We had 0 customer withdrawals:
 
total customer withdrawals: nil oz
 
 
 
 
 
Today we had 0 adjustments:
 
 
 
 
 
 
 EVERYDAY MORE AND MORE GOLD IS LEAVING THE COMEX AND VERY LITTLE IS COMING IN WHETHER KILBARS OR NOT.  IN THE LAST MONTH 14 NET TONNES HAS LEFT THE COMEX.
 
 
 
Note:
 
If anybody is holding any gold at the comex, you must be out of your mind!!!
since comex gold storage is unallocated , rest assured any gold stored at the comex will be compromised!
 
I also urge all of you do not place any option trades at the comex as these gangsters will gun you down.
 
If you are taking delivery of gold/silver please remove it from comex banks and place it in private vaults 
 
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Today, 0 notices were issued from JPMorgan dealer account and 0 notices were issued form their client or customer account. The total of all issuance by all participants equates to 16 contract  of which 0 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped (received) by jPMorgan customer account.

 
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To calculate the initial total number of gold ounces standing for the SEPT contract month, we take the total number of notices filed so far for the month (2344) x 100 oz or 234,400 oz, to which we add the difference between the open interest for the front month of SEPT (154 contracts) minus the number of notices served upon today (16) x 100 oz per contract equals 248,200 oz, the number of ounces standing in this  NON active month of September.
 
 
 
 
Thus the INITIAL standings for gold for the SEPT contract month:
No of notices served so far (2344) x 100 oz  or ounces + {OI for the front month (154) minus the number of  notices served upon today (16) x 100 oz which equals 248,200 oz standing in this non  active delivery month of SEPT  (7.7200 tonnes).
 
 
 
 
 
we GAINED 3 contracts or an additional 300 oz will  stand.  We have surpassed  our original standings on first day notice. (ON FIRST DAY NOTICE 7.5561 TONNES STOOD FOR DELIVERY)
 
 
 
 
 
 
 Total dealer inventor 2,377,172.944 or 73.94 tonnes
Total gold inventory (dealer and customer) =10,880,806.339 or 338.43 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 338.43 tonnes for a  gain of 35  tonnes over that period. However since August 8 we have lost 15 tonnes leaving the comex.
 
Ladies and Gentlemen:  the comex is beginning to lose some of its gold as no doubt the Shanghai fix is having its effect.
 
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 or hypothecated gold sent to other jurisdictions so that they will not be short in their derivatives like they are in England.  This would be similar to the rehypothecated gold used by Jon Corzine. If this is the case, this would be the greatest fraud perpetrated on USA soil!!.

 

 
 
 
 end
 
 
 
 
And now for silver
 
SEPT INITIAL standings
 SEPT14.2016
 
 
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
 
 
nil oz
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 760,861.770  OZ
Brinks
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 nil oz
 
 
 
 
 
No of oz served today (contracts)
106 CONTRACTS
(530,000 OZ)
No of oz to be served (notices)
780 contracts
(3,900,000 oz)
Total monthly oz silver served (contracts) 2216 contracts (11,080,000 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  4,021,672.1 oz
today, we had 1 deposit into the dealer account:
i) Into brinks; 760,861.770 oz
 
 
total dealer deposit:  760,861.770 oz
 
we had 0 dealer withdrawals:
 
 total dealer withdrawals: NIL oz
 
 
 
 we had 0 customer withdrawals:
 
 
 
 
 
 
 
 
Total customer withdrawals: nil  oz
 
We had 0 customer deposit:
 
 
 
 
 
 
 
 
total customer deposits:  nil  oz
 
 
 
 
 
 
 
 
 
 we had 0 adjustment
 
 
The total number of notices filed today for the SEPT contract month is represented by 106 contracts for 530,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPT., we take the total number of notices filed for the month so far at (2216) x 5,000 oz  = 11,080,000 oz to which we add the difference between the open interest for the front month of SEPT (886) and the number of notices served upon today (106) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the SEPT contract month:  2216(notices served so far)x 5000 oz +(886 OI for front month of SEPT ) -number of notices served upon today (106)x 5000 oz  equals  14,980,000 oz  of silver standing for the SEPT contract month.
 
we lost 52 contracts or an additional 260,000 will not stand FOR DELIVERY IN THIS  ACTIVE MONTH OF SEPTEMBER. 
 
 
 
 
 
 
 
 
 
Total dealer silver:  30.785 million (close to record low inventory  
 
Total number of dealer and customer silver:   166.813 million oz (close to a record low)
 
The total open interest on silver is NOW close to its all time high with the record of 224,540 being set AUGUST 3.2016.  The registered silver (dealer silver) is NOW NEAR  multi year lows as silver is being drawn out at both dealer and customer levels and heading to China and other destinations. The shear movement of silver into and out of the vaults signify that something is going on in silver.
 
 
end
 
 
And now the Gold inventory at the GLD
SEPT 14./A  withdrawal of 4.45 tonnes of gold inventory from the GLD/Inventory rests at 935.49 tonnes
SEPT 13/no changes in gold inventory at the GLD/Inventory rests at 939.94 tonnes
Sept 12/no changes in gold inventory at the GLD/inventory rests at 939.94 tonnes

SEPT 9/ we had a big changes tonight out of the GLD/ there were two major withdrawals

i) first early morning: 1.19 tonnes

ii) second:  10.68 tonnes of gold

total: 11.87 tonnes

Total gold inventory rest tonight at: 939.94 tonnes of gold

Sept 8./no changes in gold inventory at the GLD/Inventory rests tonight at 951.81 tonnes
 
SEPT 7.2016/we had a small withdrawal of .333 tones from the GLD/Inventory rests tonight at 951.81 tonnes
Sept 6/a monstrous addition of 14.25 tonnes into the GLD/with London in backwardation in gold I wonder how these guys found so much “gold”/Inventory rests tonight at 952.14 tonnes/
Sept 2/no change in inventory at the GLD/Inventory rests at 937.89 tonnes
SEPT 1/another montrous withdrawal of 5.34 tonnes/Inventory rests at 937.89 tonnes
August 31/ a monstrous 13.36 tonnes of gold leaves the GLD/inventory rests at 943.23 tonnes
august 30/no change at the GLD/Inventory rests at 956.59 tonnes
August 29/no changes at the GLD/Inventory rests at 956.59 tonnes
August 26./no changes at the GLD/inventory rests at 956.59 tonnes
August 25/a withdrawal of 1.78 tonnes at the GLD/Inventory rests at 956.59 tones
 
 
 
 
 
 
 
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SEPT 14/ Inventory rests tonight at 935.49 tonnes
 

end

 
 
Now the SLV Inventory
SEPT 14/no change in silver inventory at the SLV/Inventory rests at 362.434 million oz
sept 13/2016: a huge deposit of 1.329 million oz into the SLV/Inventory rests at 362.434 million oz/
Sept 12/a huge withdrawal of 1.614 million oz from the SLV/Inventory rests at 361.105 million oz
 
 
SEPT 9/no change in silver inventory at the SLV/Inventory rests at 362.719 million oz/
Sept 8/ no changes in silver inventory at the SLV/Inventory rests at 362.719 million oz/
SEPT 7/We had a huge addition of 3.134 million oz into the SLV/Inventory rests a t 362.719 million oz. In less than a month we had added 11 million oz of silver into SLV vaults.
Sept 6/Strange: no addition of silver at the SLV. You mean they cannot find any paper silver?/Inventory rests at 359.585 million oz
Sept 2/a small withdrawal of 158,000 oz at the SLV probably to pay for fees/Inventor  rests at 359.585 million oz.
SEPT 1/no change in inventory at the SLV/Inventory rests at 359.743 million oz/
August 31/we had a monstrous addition of 1.899 million oz into the SLV/this would be a paper addition/inventory rests at 359.743 million oz//why the difference in gold and silver: one reduces dramatically and the other increases dramatically
August 30/no change in silver inventory/inventory rests at 357.844 million oz/
August 29/we had a good sized deposit of 950,000 oz at the SLV/Inventory rests at 357.844 million oz/
August 26/no change in silver inventory at the SLV/Inventory rests at 356.894 million oz
August 25/a withdrawal of 1.899 million oz from the SLV/Inventory rests at 356.894 million oz
 
 
 
 
.
SEPT 14.2016: Inventory 362.434 million oz
 
 end

NPV for Sprott and Central Fund of Canada

 Central fund data not available tonight
1. Central Fund of Canada: traded at Negative 6.1 percent to NAV usa funds and Negative 6.3% to NAV for Cdn funds!!!!  (the discount is starting to disappear)
Percentage of fund in gold 59.7%
Percentage of fund in silver:39.1%
cash .+1.2%( SEPT 13/2016).
 
2. Sprott silver fund (PSLV): Premium rises to +0.37%!!!! NAV (SEPT 14/2016) 
3. Sprott gold fund (PHYS): premium to NAV  rises TO  0.37% to NAV  ( SEPT 14/2016)
Note: Sprott silver trust back  into POSITIVE territory at +0.37% /Sprott physical gold trust is back into positive territory at 0.37%/Central fund of Canada’s is still in jail.