Harvey Organ: Shanghai Gold Premiums Keep Growing Over New York ($14.78)

Harvey says the cartel regrouped on Monday to conduct another raid, but it ended in failure. Here are two likely reasons why they failed…

by Harvey Organ of Harvey Organ Blog

OCT 23/GOLD AND SILVER REBOUND ON EITHER TRUMP’S CLOSE TO PICKING A FED NOMINEE OR MOST LIKELY REACTING TO IMMINENT THREAT COMING FROM NORTH KOREA/TROUBLE IN SPAIN AS ARTICLE 155 IS INVOKED AND THE CATALANS RESPOND TO CREATE HAVOC/GENERAL ELECTRIC AGAIN CRASHES AS A SIGN OF POOR GLOBAL GROWTH/VENEZUELA MOST PROBABLY WILL DEFAULT IN THE NEXT FEW WEEKS AS INCOME IS FALTERING FROM ITS OIL OPERATIONS/

GOLD: $1279.65 UP $0.30

Silver: $17.05 UP 2 cents

Closing access prices:

Gold $1282.20

silver: $17.08

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: $1290.33 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1275.55

PREMIUM FIRST FIX: $14.78(premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1290.33

NY GOLD PRICE AT THE EXACT SAME TIME: $1276.55

Premium of Shanghai 2nd fix/NY:$13.78 PREMIUMS GETTING LARGER)

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LONDON FIRST GOLD FIX: 5:30 am est $1275.25

NY PRICING AT THE EXACT SAME TIME: $1275.85

LONDON SECOND GOLD FIX 10 AM: $1274.90

NY PRICING AT THE EXACT SAME TIME. 1274.75

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 4 NOTICE(S) FOR 400 OZ.

TOTAL NOTICES SO FAR: 2443 FOR 244,300 OZ (7.599TONNES)

For silver:

OCTOBER

5 NOTICES FILED TODAY FOR

25,000 OZ/

Total number of notices filed so far this month: 784 for 3,920,000 oz

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Bitcoin: $5659 bid /$5678 offer DOWN $278.00 (MORNING)

BITCOIN CLOSING;$5904 BID:5924. OFFER DOWN $29.00

end

Let us have a look at the data for today

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In silver, the total open interest FELL BY ONLY 722 contracts from 193 ,086 DOWN TO 192,364 WITH RESPECT TO FRIDAY’S TRADING (DOWN 22 CENTS). THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS.

RESULT: A SMALL SIZED FALL IN OI COMEX WITH THE 22 CENT PRICE FALL. OUR BANKERS COULD NOT COVER MUCH OF THEIR HUGE SHORTFALL

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.966 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 14 NOTICE(S) FOR 70,000 OZ OF SILVER.

In gold, the open interest SURPRISINGLY FELL BY ONLY 722 CONTRACTS DESPITE THE CONSIDERABLE FALL IN PRICE OF GOLD ($9.05) . The new OI for the gold complex rests at 529,313. OUR BANKER FRIENDS COULD NOT COVER ANY OF THEIR GOLD SHORTS AS THEIR RAID FAILED MISERABLY IN THE ATTEMPT TO COVER ON FRIDAY..SO THEY INITIATED ANOTHER RAID THIS MORNING AND THAT ENDED IN FAILURE.

Result: A SMALL SIZED DECREASE IN OI WITH CONSIEREABLE FALL IN PRICE IN GOLD ($9.05). WE HAD MINIMAL BANKER GOLD SHORT COVERING AS THE BANKERS FAILED MISERABLY TO LOOSEN ANY GOLD LEAVES FROM THE GOLD TREE ON FRIDAY..SO THEY INITIATED ANOTHER RAID THIS MORNING WHICH ENDED IN FAILURE..

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: 853.13 tonnes.

SLV

Today: STRANGE!! WITH SILVER CLOSING HIGHER WE HAD A WITHDRAWAL OF 1,039,000 OZ FROM THE SLV

INVENTORY RESTS AT 320.288 MILLION OZ

Let us head over to the comex:

The total gold comex open interest SURPRISINGLY FELL BY ONLY 342 CONTRACTS DOWN to an OI level of 529,313 WITH THE FALL IN THE PRICE OF GOLD ($9.05 DROP IN FRIDAY’S TRADING). OUR BANKER FRIENDS HAD MINIMAL SUCCESS IN THEIR ATTEMPT TO COVER THEIR HUGE GOLD SHORTFALL . WITH THEIR FAILURE ON FRIDAY, OUR ESTEEMED BANKERS REGROUPED AND LAUNCHED ANOTHER RAID THIS MORNING WHICH ENDED IN ANOTHER FAILURE.

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.

Result: a SMALL SIZED open interest DECREASE DESPITE THE FALL IN THE PRICE OF GOLD ($9.05.) .THERE WAS MINIMAL SHORT COVERING FRIDAY WITH THE BANKERS SLIGHTLY ADDING TO THEIR HUGE SHORTFALL. THEIR FAILURE ON FRIDAY NO DOUBT INITIATED ANOTHER RAID THIS MORNING WHICH AGAIN FAILED.

We have now entered the active contract month of Oct and here we saw a GAIN of 144 contracts UP TO 686 contracts. We had 4 notices filed yesterday so we GAINED 148 contracts or an additional 14,800 oz will 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. We have just witnessed 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 GAIN OF 24 contracts UP to 899.

The very big active December contract month saw it’s OI loss OF 1921 contracts DOWN to 398,173

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

VOLUME FOR TODAY (PRELIMINARY) 268,942

CONFIRMED VOLUME FRIDAY: 332,713

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And now for the wild silver comex results. Total silver OI FELL BY A TINY 722 CONTRACTS FROM 193,086 DOWN TO 192,364 DESPITE FRIDAY’S 22 CENT FALL IN PRICE. WE HAD MINIMAL BANKER SHORT COVERING AS THE CROOKS TRIED AND FAILED IN THEIR ATTEMPT TO LOOSEN ANY SILVER LONGS FROM THE SILVER TREE ON FRIDAY. OUR BANKER FRIENDS REGROUPED AND LAUNCHED ANOTHER RAID THIS MORNING.
We have now entered the non active contract month of October and here the OI GAINED 9 contacts UP TO 233. We had 5 notices filed on yesterday so we gained 14 contracts or AN ADDITIONAL 70,000 oz will stand for delivery and 0 EFP’s were issued. November saw a LOSS of 13 contract(s) and thus FALLING TO 351 After November, the NEXT big active contract month is December and here the OI LOST 1272 contracts DOWN to 143,585 contracts.
We had 14 notice(s) filed for 70,000 oz for the OCT. 2017 contract

INITIAL standings for OCTOBER
Oct.23/2017.

Gold Ounces
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
nil oz
No of oz served (contracts) today

0 notice(s)
NILOZ
No of oz to be served (notices)
686 contracts
(68,600 oz)
Total monthly oz gold served (contracts) so far this month
2443 notices
244,300 oz
7.5987 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 nil DEALER DEPOSIT:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had nil customer deposit(s):
total customer deposits;nil oz
We had nil customer withdrawal(s)
total customer withdrawals; nil oz
we had nil 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 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 OCTOBER. contract month, we take the total number of notices filed so far for the month (2443) x 100 oz or 244,300 oz, to which we add the difference between the open interest for the front month of OCT. (686 contracts) minus the number of notices served upon today (0 x 100 oz per contract equals 312,900 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 (2443) x 100 oz or ounces + {(686)OI for the front month minus the number of notices served upon today (0) x 100 oz which equals 312,900 oz standing in this active delivery month of OCTOBER (9.732tonnes)
.
FOR OCTOBER THIS IS A GREAT SHOWING FOR PHYSICAL DELIVERY.
WE GAINED 148 CONTRACTS OR AN ADDITIONAL 14,800 OZ WILL STAND FOR DELIVERY
IT WAS OBVIOUS THAT THERE WAS HARDLY ANY PHYSICAL 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. QUEUE JUMPING IS ANOTHER INDICATOR OF PHYSICAL SCARCITY AND THIS EVENT HAPPENED AGAIN THIS MORNING.
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Total dealer inventory 601,432.522 or 18.707 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,511,328.736 or 264.73 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 88 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE OCTOBER DELIVERY MONTH
OCTOBER INITIAL standings
Oct 23/ 2017

Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
60,100.47 oz
Scotia
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
561,999.575
HSBC
oz
No of oz served today (contracts)
14CONTRACT(S)
(70,000,OZ)
No of oz to be served (notices)
219contracts
(1,095,000 oz)
Total monthly oz silver served (contracts) 798contracts
(3,990,000 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 nil deposit(s) into the dealer account:
total dealer deposit: nil oz
we had nil dealer withdrawals:
total dealer withdrawals: nikl oz
we had 1 customer withdrawal(s):
i) Out of Scotia: 60,100.47 oz
TOTAL CUSTOMER WITHDRAWALS: 60,100.57 oz
We had 1 Customer deposit(s):
i) Into HSBC: 561,999.575 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: 561,999.575 oz

we had 0 adjustment(s)
The total number of notices filed today for the OCTOBER. contract month is represented by 14 contracts FOR 70,000 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 798x 5,000 oz = 3,990,0000 oz to which we add the difference between the open interest for the front month of OCT. (233) and the number of notices served upon today (14x 5000 oz) equals the number of ounces standing.

Thus the INITIAL standings for silver for the OCTOBER contract month: 798 (notices served so far)x 5000 oz + OI for front month of OCTOBER(233) -number of notices served upon today (14)x 5000 oz equals 5,085,000 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 GAINED 14 CONTRACTS OR AN ADDITIONAL 70,000 OZ WILL STAND FOR DELIVERY.
ESTIMATED VOLUME FOR TODAY: 91,951
CONFIRMED VOLUME FOR FRIDAY: 105,395 CONTRACTS
FRIDAY’S CONFIRMED VOLUME OF 105,395 CONTRACTS EQUATES TO 537 MILLION OZ OR 75.2% OF ANNUAL GLOBAL PRODUCTION OF SILVER

Total dealer silver: 40.066 million (close to record low inventory
Total number of dealer and customer silver: 222.377 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