RED ALERT: Russian Gov’t Tells Russian Students Studying Abroad to IMMEDIATELY Return to Russia

putinI do not know about you, but I think the following is quite alarming;
The Russian government has told Russian students studying abroad to immediately return to Russia:

 

Harvey Organ

MASSIVE 10 TONNE INCREASE IN GOLD INVENTORY AT THE GLD DESPITE GOLD’S FALL??/1.76 MILLION OZ REMOVED FROM SLV/ WE NOW HAVE OVER 25 TONNES OF GOLD STANDING IN OCTOBER/OVER 25 TONNES REPATRIATED TO GERMANY FROM THE FRBNY/MORE TROUBLES FOR DEUTSCHE BANK/TURKEY AND RUSSIA SIGN THE TURKISH SOUTH STREAM PROJECT UNDERNEATH THE BLACK SEA/RUSSIA DEMANDS ALL FOREIGN STUDENTS TO RETURN TO RUSSIA/THE POUND COLLAPSES TODAY/ ALSO THE USALABOUR LCMI, THE FAVOURITE OF THE FED (JANET) COLLAPSES!!!

Gold $1254.00 up  $1.50

Silver 17.47 up 5  cents

In the access market 5:15 pm

 

Gold: 1256.00

Silver: 17.66

2016 Silver Eagles Sale

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.

And now the fix recordings:

Shanghai morning fix OCT 11 (10:15 pm est last night): $  1262.18

NY ACCESS PRICE: $1259.00 (AT THE EXACT SAME TIME)

Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   1263.11

NY ACCESS PRICE: 1257.00 (AT THE EXACT SAME TIME)

HUGE SPREAD TODAY!!

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London Fix: OCT 11: 5:30 am est:  $1256.40   (NY: same time:  $1256.40:    5:30AM)

London Second fix OCT 11: 10 am est:  $1253.45  (NY same time: $1254.10 ,    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.

end

 
 

For comex gold: 

3  NOTICES FILED FOR 300 OZ

 

For silver:

for the Oct contract month:  0 notices for NIL oz.

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Let us have a look at the data for today

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In silver, the total open interest FELL by 685 contracts DOWN to 188,783. The open interest FELL as the silver price was UP 11 cents in Friday’s trading .In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .943 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia &ex China).

In silver for October we had 0 notices served upon for nil oz

In gold, the total comex gold rose by 2122 contracts with the tiny fall in price of gold( $0.50 on Friday) . The total gold OI stands at 505,845 contracts. The bankers have done a great job fleecing longs

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With respect to the GLD and the SLV:

GLD

LAST NIGHT WE HAD A HUGE CHANGE OUT OF THE GLD//

A MASSIVE INCREASE OF 9.76 TONNES

Total gold inventory rests tonight at: 958.90 tonnes of gold

SLV

we had A HUGE WITHDRAWAL at the SLV to the tune of 1.762 million oz

THE SLV Inventory rests at: 361.147 million oz

.

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

1. Today, we had the open interest in silver FELL by 2122 contracts DOWN to 188,783 as the price of silver rose by 11 cents with Friday’s trading.The gold open interest ROSE by 2122 contracts UP to 505,845 as the price of gold fell $0.50 IN FRIDAY’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

2c) Federal Reserve Bank of New York/earmarked gold removal

(Harvey)

3. ASIAN AFFAIRS

i)Late  MONDAY night/TUESDAY morning: Shanghai closed UP 17.10 POINTS OR .56%/ /Hang Sang closed DOWN 302.30 POINTS OR 1.27%. The Nikkei closed UP  164.67 POINTS OR 0.98% Australia’s all ordinaires  CLOSED UP 0.08% /Chinese yuan (ONSHORE) closed DOWN at 6.67197/Oil FELL to 50L84 dollars per barrel for WTI and 52.70 for Brent. Stocks in Europe: ALL IN THE GREEN   Offshore yuan trades  6.67282 yuan to the dollar vs 6.67197 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE WIDENS QUITE A BIT  AS MORE USA DOLLARS   LEAVE CHINA’S SHORES

REPORT ON JAPAN  SOUTH KOREA NORTH KOREA AND CHINA

3a)Korea:

none

b) REPORT ON JAPAN

none today

c) REPORT ON CHINA

i)China has a huge housing bubble as home prices rise exponentially in tier 1 cities. Over 71% of all new Chinese loans go to fund mortgages on homes. Chinese debt to GDP is over 300%  (approx. 31 trillion USA) and a huge proportion of debt is non performing and debt holders cannot even pay interest on their debt.

(courtesy zero hedge)

ii)Over the course of the past year, we have highlighted to you the huge problems facing China with respect to their huge debt.   China has a corporate debt of 20 trillion USA and a total debt of 31 trillion against a GDP of only 10 trillion.  Thus it’s debt to GDP is a staggering 300% and as much as 25% of their loans are non performing.  We now get a study which suggests that China will need to recapitalize their banks by 1.7 trillion USA and that would be impossible as USA funds are fleeing the country:

( zero hedge)

4 EUROPEAN AFFAIRS

i)A bail in is likely now as DB’s CEO returns home empty handed after failing to reach a deal with the dept of Justice.

( zero hedge)

ii)Even in the world of negative interest rates, Deutsche bank fund costs are considerably higher than its peer: -17 basis points vs -28 basis points !! IN this negative interest rate world that can only signify its creditworthiness is basically ZERO!!!!!~

( zero hedge)

iii) GREAT BRITAIN

Great reason for gold to fall!

the pound crashes today!!:

(courtesy zero hedge)

 

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

i)TURKEY/RUSSIA

Turkey and Russian finally sign the very strategic Turkish steam gas pipeline which will run under the Black Sea.  This is a death blow to the Qatar-Saudi Arabia- pipeline proposal.  The uSA are not happy campers with this.

Also Egypt needs 12 billion dollars in aid and are approaching Moscow.  Will Egypt switch alliance and go over to Russian influence as Russia will propose air bases on Egyptian soil:

( zero hedge)

ii)FRANCE/RUSSIA

Brilliant!! Putin cancels trip to France after Hollande accuses the Russians of war crimes:

( zero hedge)

 

iii) RUSSIA

RUSSIA

I do not know about you, but I think the following is quite alarming;  The Russian government has told Russian students studying abroad to immediately return to Russia:

That news should cause gold to fall a little more. Not alarming enough

( zero hedge)

6.GLOBAL ISSUES

The following is important:  Bridgewater’s Ray Dalio calculates that a rise in yield of just one per cent would cause a loss of 2.4 trillion dollars to global bond investors
( Ray Dalio/Brigewater/zero hedge)

7.OIL ISSUES

There does not seem to be a production cut in oil

( zero hedge)

8.EMERGING MARKETS

none today

9.PHYSICAL STORIES

i)Interesting:  we have crash crashes galore and central banks investigates all except a crash in gold.  I wonder why
( Chris Powell/GATA)
 
ii)Last week’s dry by shooting of gold was caused by a huge paper avalanche orchestrated by central banks and the BIS.  Their gold reserves are never audited because they have been compromised by leasing and hypothecation:
( Egon Von Greyerz/Kingworldnews)
iii)UBS’s Axel Eeber warns of the danger of massive central bank intervention.He is correct.

( Axel Weber/UBS)

iv)India’s gold demand gets rolling again:

( Dave Kranzler/Ird)

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

i)The following confirms and proves that Hillary new that Saudi Arabia and Qatar fund ISIS:

( zero hedge)

ii)It sure looks like Eliz. Warren will go ballistic as it seems that the fake account creation goes back to 2005 and not 20111 as Wells Fargo head Stumpf testified to Congress.

( zero hedge)

iii)This is a biggy!!  Janet’s all import LMCI labor index is crashing.  How on earth can she raise rates when her favourite labour index is falling out of bed

( zero hedge)

Let us head over to the comex:

The total gold comex open interest ROSE BY 2,122 CONTRACTS to an OI level of 505,845 the as price of gold fell by  $0.50 with FRIDAY’S trading.

We are in the delivery month is October and here the OI LOST 3 contracts DOWN to 298. We had 3 notices filed on Friday so we NEITHER GAINED NOR LOST ANY GOLD OUNCES STANDING.

The next delivery month is November and here the OI ROSE by 47 contracts up to 3025 contracts. The next contract month and the biggest of the year is December and here this month showed an decrease of 56 contracts down to 385,974.

VOLUMES:

Today we had  3 notices filed for 300 oz of gold.
 
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And now for the wild silver comex results.  Total silver OI FELL BY 685 contracts from 189,468 DOWN TO 188,783 as the  price of silver rose  to the tune of 11 cents yesterday.  We are moving  further from the all time record high for silver open interest set on Wednesday August 3:  (224,540).  The next non active delivery month is October and here the OI rose by 1 contracts up to 112. We had 4 notices filed on FRIDAY so we gained 5 contracts or 25,000 additional oz will  stand for delivery.The November contract month saw its OI FELL by 9 contracts DOWN to 344.   The next major delivery month is December and here it FELL BY 1717 contracts DOWN to 155,211

VOLUMES.

 

today we had 0 notices filed for silver: 45,000 oz

 
INITIAL standings for OCTOBER
 Oct 11.
 
Gold
Ounces
Withdrawals from Dealers Inventory in oz  NIL
Withdrawals from Customer Inventory in oz  nil
 85,197.500 Scotia
2650 kilobars
Deposits to the Dealer Inventory in oz 1599.97 ozBrinks
Deposits to the Customer Inventory, in oz   xxx oz
No of oz served (contracts) today
3 notices 
300 oz
 
No of oz to be served (notices)
295 contracts
 29,500
oz
Total monthly oz gold served (contracts) so far this month
7789 contracts
778,900 oz
24.22 tonnes
Total accumulative withdrawals  of gold from the Dealers inventory this month    oz
Total accumulative withdrawal of gold from the Customer inventory this month    85,197.500 oz
 
Today we had 1 kilobar transaction and again the comex resumes it huge withdrawal of gold!!
 
 
Today we had one deposit into the dealer:
i) Into Brinks:  1599.97 oz
total dealer deposits:  1599.97 oz
 
We had zero dealer withdrawals:
 
 
total dealer withdrawals:  nil oz
 
.
We had 0 customer deposits;
total customer deposits; nil oz
 
We had one major customer withdrawal:
 
Out of Scotia:  85,197.500 oz  (2,650 oz)
total customer withdrawal:  85,197.500 oz
 
 
 
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Total dealer inventor 2,463.441.449 or 76.623 tonnes
Total gold inventory (dealer and customer) =10,662,011.249 or 331.633 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 331.633 tonnes for a  gain of 29  tonnes over that period. However since August 8 we have lost 22 tonnes leaving the comex. 
 
 
 
 
For October:
 
 

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 3 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 Oct contract month, we take the total number of notices filed so far for the month (7789) x 100 oz or 778,900 oz, to which we add the difference between the open interest for the front month of OCT 298 contracts) minus the number of notices served upon today (3) x 100 oz per contract equals 808,400 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 (7789) x 100 oz  or ounces + {OI for the front month (301) minus the number of  notices served upon today (3) x 100 oz which equals 808,400 oz standing in this non active delivery month of Oct  (25.144 tonnes).
 
we NEITHER GAINED NOR LOST ANY GOLD OUNCES STANDING.
 
 
 
 
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.ALSO TODAY THE LIQUIDATION OF 96 CONTRACTS HAVING STOOD FOR THE ENTIRE MONTH AND THEN ROLLING MAKES ABSOLUTELY NO SENSE
 
IN THE LAST MONTH and one half , 20 NET TONNES HAS LEFT THE COMEX.
 
end
 
And now for silver
 
OCT INITIAL standings
 Oct 11. 2016
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
663,498.29 oz
Brinks
Scotia
 
 
Deposits to the Dealer Inventory nil OZ
Deposits to the Customer Inventory  nil  oz
No of oz served today (contracts)
0 CONTRACTS
(20,000 OZ)
No of oz to be served (notices)
112 contracts
(560,000 oz)
Total monthly oz silver served (contracts) 353 contracts (1,765,000 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  1,083,508.0 oz
today, we had 0 deposit into the dealer account:
total dealer deposit: nil oz
 
we had 0 dealer withdrawals:
 total dealer withdrawals: nil oz
 
we had 2 customer withdrawals:
i) Out of Brinks;; 602,756.22 oz
ii) Out of Scotia:  60,742.07 oz
Total customer withdrawals: 663,498.29  oz
 
We had 0 customer deposit:
total customer deposits: nil oz
 
 
 
 we had 0 adjustments 
 
The total number of notices filed today for the Oct contract month is represented by 0 contracts for NIL oz. To calculate the number of silver ounces that will stand for delivery in OCT., we take the total number of notices filed for the month so far at  353 x 5,000 oz  = 1,765,000 oz to which we add the difference between the open interest for the front month of OCT (112) and the number of notices served upon today (0) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the OCT contract month:  353(notices served so far)x 5000 oz +(112 OI for front month of SEPT ) -number of notices served upon today (0)x 5000 oz  equals  2,325,000 oz  of silver standing for the OCT contract month. THIS IS STILL A HUGE SHOWING FOR SILVER AS OCTOBER IS GENERALLY A VERY WEAK DELIVERY MONTH. We gained 25,000 additional silver ounces THAT WILL  STAND.
 
Total dealer silver:  29.286 million (close to record low inventory  
Total number of dealer and customer silver:   173.066 million oz
 
 
 
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
Oct 11/ what!!! we had a gigantic 9.76 tonnes of inventory increase today/inventory rests at 958.90 tonnes.  (this was done with gold down?)
Oct 7:  949.14 tonnes
SEPT 30/no changes at the GLD/Inventory rests at 949.14 tonnes
SEPT 29/no changes at the GLD/Inventory rests at 949.14 tonnes
SEPT 28/ NO CHANGES AT THE GLD/INVENTORY RESTS AT 949.14 TONNES
SEPT 27/A huge withdrawal of 2.08 tonnes from the GLD/Inventory rests at 949.14 tonnes/
 
SEPT 26./no changes in gold inventory at the GLD/Inventory rests at 951.22 tonnes
 
SEPT 23/A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .3 TONNES/INVENTORY RESTS AT 951.22 TONNES
Sept 22/a huge deposit of 6.53 tonnes of gold into the GLD/Inventory rests at 950.92 tonnes/this would be a paper deposit entry/
SEPT 21/ A HUGE DEPOSIT OF 5.69 TONNES INTO THE GLD/INVENTORY RESTS AT 944.39 TONNES
SEPT 20/A HUGE CHANGES IN INVENTORY AT THE GLD/: A WITHDRAWAL OF 3.86 TONNES/INVENTORY RESTS AT 938.75 TONNES
SEPT 19/2016: 10.39 TONNES WERE ADDED INTO THE GLD/THIS WOULD BE A “PAPER DEPOSIT”/INVENTORY RESTS AT 942.61 TONNES
 
Sept 16./no change in gold inventory at the GLD/Inventory rests at 932.22 tonnes
SEPT 15/another paper withdrawal of 3.27 tonnes of “gold” inentory leaves the GLD/Inventory rests at 932.22 tonnes
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
 
 
 
 
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Oct 11/ Inventory rests tonight at 958.90 tonnes
 

end

 
 
Now the SLV Inventory
Oct 11/ a withdrawal of 1.762 million oz of inventory from the SLV/Inventory rests at 361.147 million oz/
SEPT 30/no change at the SLV/inventory rests at 362.909 million oz/
SEPT 29/we had no changes at the SLV/Inventory rests at 362.909 million oz/
SEPT 28/ WE HAD A HUGE WITHDRAWAL OF 1.614 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 362.909 MILLION OZ/
SEPT 27./no change in silver inventory at the SLV/Inventory rests at 364.523 million oz/
SEPT 26./no changes in silver inventory at the SLV./Inventory rests at 364.523 million oz/
 
SEPT 23./A HUGE CHANGE IN INVENTORY AT THE SLV: AN ADDITION OF 1.044 MILLION OZ INTO INVENTORY/INVENTORY RESTS AT 364.523 MILLION OZ/
Sept 22/no change in inventory at the SLV/Inventory rests at 363.479  million oz/
SEPT 21/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ/
SEPT 20/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ
SEPT 19/A HUGE ADDITION OF 1.045 MILLION OZ WAS ADDED INTO THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ/
Sept 16/no changes in silver inventory/inventory rests at 362.434 million oz/
SEPT 15/no change in silver inventory/inventory rests at 362.434 million oz.
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
 
 
 
 
 
 
 
.
Oct 11.2016: Inventory 361.147 million oz
 
 end

NPV for Sprott and Central Fund of Canada

will not provide today.

 
1. Central Fund of Canada: traded at Negative 5.4 percent to NAV usa funds and Negative 5.3% to NAV for Cdn funds!!!! 
Percentage of fund in gold 59.5%
Percentage of fund in silver:39.4%
cash .+1.1%( Oct 11/2016).
 
2. Sprott silver fund (PSLV): Premium RISES to +1.19%!!!! NAV (OCT 11/2016
3. Sprott gold fund (PHYS): premium to NAV  falls TO  1.05% to NAV  ( OCT 11/2016)
Note: Sprott silver trust back  into POSITIVE territory at 1.19% /Sprott physical gold trust is back into positive territory at 1.05%/Central fund of Canada’s is still in jail.
 
 
 
 

end

 

FEDERAL RESERVE BANK OF NEW YORK/GOLD INVENTORY MOVEMENT:

Last month we had a reading of 7883 million dollars worth of gold at the FRBNY at $42.22 dollars per oz. This month we had a reading of 7849 million dollars

Thus we had 34 million dollars worth of gold valued at $42.22 shipped out.

 

In oz:

34,000,000 divided by $42.22 =   805,305 oz

in tonnage:25.048 tonnes

Since Germany is the only official nation seeking its gold, no doubt that this gold was repatriated towards Frankfurt.