Gold: $1251.30 DOWN $3.20
Silver: $17.89 DOWN 24 cents
Closing access prices:
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: $1265.01 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1252.30
PREMIUM FIRST FIX: $12.71
SECOND SHANGHAI GOLD FIX: $1267.69
NY GOLD PRICE AT THE EXACT SAME TIME: 1254.65
Premium of Shanghai 2nd fix/NY:$10.80
LONDON FIRST GOLD FIX: 5:30 am est 1253.60
NY PRICING AT THE EXACT SAME TIME: 1253.45
LONDON SECOND GOLD FIX 10 AM: 1250.05
NY PRICING AT THE EXACT SAME TIME. 1250.10
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 21 NOTICE(S) FOR 2100 OZ.
TOTAL NOTICES SO FAR: 608 FOR 60800 OZ (1.8258 TONNES)
For silver: APRIL
0 NOTICES FILED TODAY FOR NIL OZ/
Total number of notices filed so far this month: 641 for 3,205,000 oz
The open interest in silver continues to advance with today’s reading just under 222,000 contracts or about 2,000 contracts below the record set last year. The price of silver is a good $2.55 below the price when the record OI was set. Today we saw a big drop in the price of silver. Late tonight, I will retrieve the preliminary OI figures and if the OI remains high, then the managed money (hedge funds) remained firm again and would have refused to liquidate their silver contracts with today’s orchestrated raid.
I will let you know tomorrow…
Let us have a look at the data for today
In silver, the total open interest ROSE BY 5 contracts up to 221,867 DESPITE THE PRICE FALL ( 10 CENTS) WITH RESPECT TO FRIDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO SLOWLY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.110 BILLION TO BE EXACT or 159% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED: 0 NOTICE(S) FOR NIL OZ OF SILVER
In gold, the total comex gold also ROSE BY 6,005 contracts WITH THE RISE IN THE PRICE OF GOLD ($4.00 with FRIDAY’S TRADING). The total gold OI stands at 434,800 contracts.
we had 21 notice(s) filed upon for 2100 oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
We had a huge change in tonnes of gold at the GLD: a deposit of 1.77 tonnes
Inventory rests tonight: 836.49 tonnes
We had a huge change in inventory at the SLV/a massive withdrawal of 11.231 million oz of silver from the SLV
THE SLV Inventory rests at: 317.070 million oz
This post was published at Harvey Organ Blog on April 10, 2017.