• Tag Archives COMEX
  • JUNE 21/GOLD UP $2.40 BUT SILVER DOWN 4 CENTS/OPEN INTEREST IN SILVER CLIMBS 1400 CONTRACTS TO ALMOST 200,000 CONTRACTS (1 BILLION OZ)/HUGE SHAKEUP IN RIYADH AS SALMAN’S SON MOHAMMED BECOMES CROW…

    GOLD: $1243.40 UP $2.40
    Silver: $16.36 DOWN 4 cent(s)
    Closing access prices:
    Gold $1246.50
    silver: $16.44
    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: $1255.01 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1245.90
    PREMIUM FIRST FIX: $9.11
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    SECOND SHANGHAI GOLD FIX: $1255.90
    NY GOLD PRICE AT THE EXACT SAME TIME: $1245.40
    Premium of Shanghai 2nd fix/NY:$10.50
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    LONDON FIRST GOLD FIX: 5:30 am est $1247.05
    NY PRICING AT THE EXACT SAME TIME: $1246.10
    LONDON SECOND GOLD FIX 10 AM: $1242.50
    NY PRICING AT THE EXACT SAME TIME. $1242.80
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 9 NOTICE(S) FOR 900 OZ.
    TOTAL NOTICES SO FAR: 2621 FOR 262,100 OZ (8.1524 TONNES)
    For silver:
    For silver:
    JUNE 40 NOTICES FILED TODAY FOR
    200,000 OZ/
    Total number of notices filed so far this month: 957 for 4,785,000 oz

    This post was published at Harvey Organ Blog on June 21, 2017.


  • JUNE 20/RAIDS CONTINUE DUE TO THE HIGH OPEN INTEREST IN SILVER AS THE BANKERS JUST CANNOT GET THOSE SILVER LEAVES TO FALL/DONALD TRUMP VERY UPSET WITH THE DEATH OF WAMBIER, WHO WAS ARRESTED AND T…

    GOLD: $1241.00 DOWN $3.20
    Silver: $16.40 DOWN 8 cent(s)
    Closing access prices:
    Gold $1243.40
    silver: $16.45
    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: $1254.94 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1245.60
    PREMIUM FIRST FIX: $9.34
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    SECOND SHANGHAI GOLD FIX: $1256.89
    NY GOLD PRICE AT THE EXACT SAME TIME: $1246.70
    Premium of Shanghai 2nd fix/NY:$10.11
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    LONDON FIRST GOLD FIX: 5:30 am est $1246.50
    NY PRICING AT THE EXACT SAME TIME: $1246.90
    LONDON SECOND GOLD FIX 10 AM: $1242.20
    NY PRICING AT THE EXACT SAME TIME. $1242.80
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 23 NOTICE(S) FOR 2300 OZ.
    TOTAL NOTICES SO FAR: 2612 FOR 261,200 OZ (8.1244 TONNES)
    For silver:
    For silver:
    JUNE 3 NOTICES FILED TODAY FOR
    15,000 OZ/
    Total number of notices filed so far this month: 917 for 4,585,000 oz

    This post was published at Harvey Organ Blog on June 20, 2017.


  • Asian Metals Market Update: June-20-2017

    Factors which can affect markets
    It should be a technical trade as there is no news. Geopolitical risk will be closely watched. This is the last week before Ramzan ends. Over the past decade there is a big spike in smuggled gold in India after Ramzan. Physical gold premiums can fall after two weeks. (unless gold prices continue to fall). Investors are happy due to continuation of bullish trend in stock markets.
    Trend is down for gold and silver. One needs to look for signs of trend reversal.
    COMEX GOLD AUGUST 2017 – current price $1247.01
    Bullish over $1253.20 with $1260.20 and $1268.70 as price target
    Bearish below $1249.10 with $1244.40 and $1237.10 as price target.
    Neutral Zone between: $1249.10-$1253.20

    This post was published at GoldSeek on 20 June 2017.


  • JUNE 19/USA LED COALITION SHOOTS DOWN SYRIAN MIG IN RUSSIAN AIRSPACE/RUSSIA EXTREMELY ANGRY AND ISSUES STATEMENT THAT IT WILL SHOOT DOWN ANY PLANE OVER ITS AIRSPACE: USA RESPONDS LIKEWISE/CANADA …

    GOLD: $1244.20 DOWN $9.80
    Silver: $16.48 DOWN 15 cent(s)
    Closing access prices:
    Gold $1244.20
    silver: $16.53
    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: $1261.77 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1252.70
    PREMIUM FIRST FIX: $9.07
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    SECOND SHANGHAI GOLD FIX: $1260.02
    NY GOLD PRICE AT THE EXACT SAME TIME: $1251.80
    Premium of Shanghai 2nd fix/NY:$8.22
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    LONDON FIRST GOLD FIX: 5:30 am est $1251.10
    NY PRICING AT THE EXACT SAME TIME: $1251.60
    LONDON SECOND GOLD FIX 10 AM: $1255.40
    NY PRICING AT THE EXACT SAME TIME. $1254.50
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 45 NOTICE(S) FOR 4500 OZ.
    TOTAL NOTICES SO FAR: 2589 FOR 258,900 OZ (8.0528 TONNES)
    For silver:
    For silver:
    JUNE 3 NOTICES FILED TODAY FOR
    15,000 OZ/
    Total number of notices filed so far this month: 914 for 4,570,000 oz

    This post was published at Harvey Organ Blog on June 19, 2017.


  • Stocks and Precious Metals Charts – Blues en Mineur 1940

    “Man has places in his heart which do not yet exist, and into them enters suffering, in order that they may have life.”
    Lon Bloy
    There was a stock option expiration for June on this Friday past as noted on the option calendar below.
    There will be a Comex option expiration for the precious metals on June 27th which is the Tuesday after next.
    The economic news still indicates an economy that is faltering on the edge of a sustainable recovery. The biggest problem is still the lack of real income (wage) growth among the breadth of the participants in the real economy.
    I am afraid that the deck is still stacked pretty much against the 99% because of financial, regulatory, and political distortions in favor of the wealthiest few at the expense of the many.

    This post was published at Jesses Crossroads Cafe on 18 JUNE 2017.


  • Ted Butler Quote of the Day 06-16-17

    As I see it, this is the defining moment for James McDonald, the new enforcement director for the CFTC. Either he will do something about the continuing silver manipulation or he won’t. In the event he doesn’t do anything to interrupt the big commercials like JP Morgan from continuing to snooker the managed money technical funds into and out of COMEX futures positions by illegal spoofing and other dirty market tricks, it will fall to something and someone else. I’m not worried that the silver manipulation won’t end dramatically and soon, but it is not written in stone that it will be the defining moment that McDonald will look back on with satisfaction many years from now. Defining moments can be either good or bad and by definition last forever.

    But it would be a mistake to underestimate the pressure he is under not to do the right thing. Essentially, for him to dismantle the crooked price discovery mechanism on the COMEX for silver (and gold) and on other futures exchanges for other commodities, he must repudiate more than 30 years of prior agency thinking, as well as overcome the secret and illegal agreement made between the U.S. Government and JP Morgan, on the occasion of JPM taking over Bear Stearns in 2008. Admittedly, that’s a very tall order. But the taller the order, the greater the defining moment.

    Certainly, the inability to overcome the standard line from the CFTC for decades, namely, that no manipulation was possible in silver, has plagued others who set out to do so. Gary Gensler comes to mind because he started off in hitting the road running to establish legitimate position limits in 2009 and seemed to be on the right path to doing so. Even Bart Chilton, the former and very outspoken commissioner who talked openly of the silver manipulation, eventually lost his public voice for the same reason as Gensler failed – neither could overcome the illegal agreement with JPM.

    A small excerpt from Ted Butler’s subscription letter on 14 June 2017.

    More precious metals news & information available at
    Ed Steer’s Gold & Silver Digest.
     


  • JUNE 16/DEPT OF JUSTICE SHENANIGANS/NY FED LOWERS ESTIMATE OF 2ND QUARTER GDP TO 1.8%/GOLD RISES $1.80 BUT SILVER LOSES 5 CENTS/ FOR THE 12TH CONSECUTIVE DAY, THE AMOUNT OF SILVER STANDING AT THE…

    GOLD: $1254.00 UP $1.80
    Silver: $16.64 DOWN 5 cent(s)
    Closing access prices:
    Gold $1253.40
    silver: $16.67
    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: $1260.95 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1252.61
    PREMIUM FIRST FIX: $8.34

    This post was published at Harvey Organ Blog on June 16, 2017.


  • JUNE 15/CROOKED BANKING CARTEL CONTINUES TO WHACK GOLD AND SILVER: GOLD DOWN $20.40 /SILVER DOWN 42 CENTS/ GIANT INSURANCE CONGLOMERATE CHAIRMAN DETAINED WITH REVENUES CRASHING 90%: THIS WILL NO …

    GOLD: $1252.20 DOWN $20.40
    Silver: $16.69 DOWN 42 cent(s)
    Closing access prices:
    Gold $1253.40
    silver: $16.75
    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: $1273.84 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1265.30
    PREMIUM FIRST FIX: $8.54
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    SECOND SHANGHAI GOLD FIX: $1269.24
    NY GOLD PRICE AT THE EXACT SAME TIME: $1261.95
    Premium of Shanghai 2nd fix/NY:$7.25
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    LONDON FIRST GOLD FIX: 5:30 am est $1260.25
    NY PRICING AT THE EXACT SAME TIME: $1260.95
    LONDON SECOND GOLD FIX 10 AM: $1254.55
    NY PRICING AT THE EXACT SAME TIME. $1253.90
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 2 NOTICE(S) FOR 200 OZ.
    TOTAL NOTICES SO FAR: 2208 FOR 220,800 OZ (6.8678 TONNES)
    For silver:
    For silver:
    JUNE 67 NOTICES FILED TODAY FOR
    335,000 OZ/
    Total number of notices filed so far this month: 901 for 4,505,000 oz

    This post was published at Harvey Organ Blog on June 15, 2017.


  • JUNE 14/ANOTHER ORCHESTRATED GOLD AND SILVER RAID IN THE ACCESS MARKET/AT COMEX CLOSING: GOLD UP $7.00 AND SILVER UP 37 CENTS/PALLADIUM LEASE RATES SKYROCKET TO 16% AS SHORTAGES GALORE APPEAR/TWO…

    GOLD: $1272.80 UP $7.00
    Silver: $17.11 UP 37 cent(s)
    Closing access prices:
    Gold $1261.60
    silver: $16.90
    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: $1278.03 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1269.65
    PREMIUM FIRST FIX: $8.38
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    SECOND SHANGHAI GOLD FIX: $1278.543
    NY GOLD PRICE AT THE EXACT SAME TIME: $1268.80
    Premium of Shanghai 2nd fix/NY:$9.63
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    LONDON FIRST GOLD FIX: 5:30 am est $1268.25
    NY PRICING AT THE EXACT SAME TIME: $1268.80
    LONDON SECOND GOLD FIX 10 AM: $1275.50
    NY PRICING AT THE EXACT SAME TIME. $1275.60
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 15 NOTICE(S) FOR 1500 OZ.
    TOTAL NOTICES SO FAR: 2206 FOR 220,600 OZ (6.8615 TONNES)
    For silver:
    For silver: JUNE
    18 NOTICES FILED TODAY FOR 90,000 OZ/
    Total number of notices filed so far this month: 834 for 4,170,000 oz

    This post was published at Harvey Organ Blog on June 14, 2017.


  • Ted Butler Quote of the Day 06-14-17

    A couple of weeks back, a subscriber asked me to explain what I meant by JPMorgan ‘skimming’ off silver from the near frantic and highly unprecedented physical turnover in COMEX silver warehouse movement. I answered him privately, but I’m not so sure I did an adequate job in explaining my premise, so please let me have another crack at it here.

    I’ve always thought that the incredibly large physical ‘churn’ in the COMEX silver warehouses created the opportunity for someone to dip into the turnover and extract metal without it being widely noticed. I mean, if there was hardly any physical turnover in publicly trackable exchange warehouses, as is the case in just about every commodity except for COMEX silver, then there wouldn’t be any real opportunity to dip into a movement that didn’t exist.

    Try to think of it this way. We’ve all seen footage of the bears lining up and positioning themselves for a salmon run in Alaska. There are so many fish running, that no matter how many the bears may catch and gorge on, it hardly reduces the run. When the salmon aren’t running, the bears must eat something else. There have been no big salmon runs in other commodities, just in COMEX silver. This consistent six year salmon run in physical silver between the COMEX warehouses has allowed just one big grizzly to gorge on physical silver nearly undetected and unchallenged by other bears. I think JPMorgan may have secured as many as 150 million oz of its 600 million oz hoard in this manner.

    A small excerpt from Ted Butler’s subscription letter on 10 June 2017.

      More precious metals news & information available at
    Ed Steer’s Gold & Silver Digest.


  • JUNE 13 B/GOLD DOWN $0.80/SILVER DOWN 17 CENTS/AGAIN FOR THE 9TH CONSECUTIVE TIME, THE AMOUNT OF SILVER STANDING AT THE COMEX INCREASES IN QUANTITY/SHALE OIL PRODUCTION WILL HIT RECORD LEVELS BY …

    GOLD: $1265.30 down $0.80
    Silver: $16.74 down 17 cent(s)
    Closing access prices:
    Gold $1266.50
    silver: $16.84
    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: $1274.99 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1265.80
    PREMIUM FIRST FIX: $9.19
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    SECOND SHANGHAI GOLD FIX: $1273.50
    NY GOLD PRICE AT THE EXACT SAME TIME: $1265.90
    Premium of Shanghai 2nd fix/NY:$7.60
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    LONDON FIRST GOLD FIX: 5:30 am est $1261.30
    NY PRICING AT THE EXACT SAME TIME: $1261.90
    LONDON SECOND GOLD FIX 10 AM: $1262.00
    NY PRICING AT THE EXACT SAME TIME. $1262.00
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 11 NOTICE(S) FOR 1100 OZ.
    TOTAL NOTICES SO FAR: 2191 FOR 219,100 OZ (6.8149 TONNES)
    For silver:
    For silver: JUNE
    4 NOTICES FILED TODAY FOR 20,000 OZ/
    Total number of notices filed so far this month: 816 for 4,080,000 oz

    This post was published at Harvey Organ Blog on June 13, 2017.


  • JUNE 12/GOLD DOWN $2.40 WITH SILVER DOWN 28 CENTS/FOR THE 8TH CONSECUTIVE TRADING DAY THE AMOUNT OF SILVER STANDING INCREASES!!/ANDREW MAGUIRE WARNS THAT THERE WILL BE MAJOR DEFAULTS IN GOLD DELI…

    GOLD: $1266.10 down $2.40
    Silver: $16.91 down 28 cent(s)
    Closing access prices:
    Gold $1266.20
    silver: $16.95
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    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: $1275.32 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1267.15
    PREMIUM FIRST FIX: $8.17
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    SECOND SHANGHAI GOLD FIX: $1274.98.00
    NY GOLD PRICE AT THE EXACT SAME TIME: $1267.35
    Premium of Shanghai 2nd fix/NY:$7.63
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    LONDON FIRST GOLD FIX: 5:30 am est $1269.25
    NY PRICING AT THE EXACT SAME TIME: $1269.85
    LONDON SECOND GOLD FIX 10 AM: $1266.40
    NY PRICING AT THE EXACT SAME TIME. $1266.20
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 62 NOTICE(S) FOR 6200 OZ.
    TOTAL NOTICES SO FAR: 2180 FOR 218,000 OZ (6.5878 TONNES)
    For silver:
    For silver: JUNE
    29 NOTICES FILED TODAY FOR 145,000 OZ/
    Total number of notices filed so far this month: 812 for 4,060,000 oz

    This post was published at Harvey Organ Blog on June 12, 2017.


  • Ted Butler Quote of the Day 06-09-17

    I’m convinced that because the ink was still relatively wet on the agreement between JPMorgan and the U.S. government when Gensler came on board — and because he was unaware of that until he was way down the road to instituting position limits and overall reform, all his efforts were for naught. Anything that would have inconvenienced JP Morgan at that time was not going to fly; neither the Treasury Department nor the Federal Reserve would allow it. As Gensler slowly came to this realization, he recognized his efforts would not come to fruition and he beat a retreat.

    But that was then — and this is now. The secret and illegal agreement between JP Morgan and the Fed and Treasury is now nine years old — and long of tooth. None of the original U.S. Government arrangers appear to be in office and JP Morgan’s manipulative actions over this time are starting to ripen and smell. For cripes sake, JP Morgan hasn’t taken a single loss when shorting COMEX silver over the past nine years and has amassed 600 million ounces of physical silver at artificially depressed prices over the past six years. No way, no how was that ever intended by the U.S. Government at the outset (JPM’s intentions excluded).

    Now JP Morgan’s actions appear inexcusable and not to be tolerated for much longer. Enter the appointment of an apparently honest man to a position that matters at the CFTC and the whole dynamic appears to have changed. Who at the Fed or Treasury will demand that JP Morgan continue to be treated with kid gloves in silver because of a secret agreement made under duress nine years ago, particularly with more

    than ever openly recognizing the scummy and duplicitous actions of the country’s most important bank?

    A small excerpt from Ted Butler’s subscription letter on 07 June 2017.

      More precious metals news & information available at
    Ed Steer’s Gold & Silver Digest.


  • JUNE 8/4 BILLION DOLLARS WORTH OF PAPER GOLD FLOOD THE COMEX (40.5 TONNES) WHICH CAUSES GOLD AND SILVER TO FALTER/NORTH KOREA FIRES MULTIPLE BALLISTIC MISSILES AS BASICALLY THEY HAVE NOTHING ELSE…

    GOLD: $1276.30 down $13.80
    Silver: $17.39 down 19 cent(s)
    Closing access prices:
    Gold $1294.30
    silver: $17.68
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    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: $1294.64 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1286.60
    PREMIUM FIRST FIX: $6.06
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    SECOND SHANGHAI GOLD FIX: $1294.90
    NY GOLD PRICE AT THE EXACT SAME TIME: $1287.90
    Premium of Shanghai 2nd fix/NY:$7.00
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    LONDON FIRST GOLD FIX: 5:30 am est $1284.80
    NY PRICING AT THE EXACT SAME TIME: $1284.90
    LONDON SECOND GOLD FIX 10 AM: $1273.10
    NY PRICING AT THE EXACT SAME TIME. $1274.60 ??
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 57 NOTICE(S) FOR 5700 OZ.
    TOTAL NOTICES SO FAR: 2105 FOR 210,500 OZ (6.5474 TONNES)
    For silver:
    For silver: JUNE
    9 NOTICES FILED TODAY FOR 45,000 OZ/
    Total number of notices filed so far this month: 499 for 3,495,000 oz

    This post was published at Harvey Organ Blog on June 8, 2017.


  • Asian Metals Market Update: June-08-2017

    UK elections, European central bank meeting and US economic data releases will all affect metals and energies sector. Volatility will be very high. I am against buying gold unless it breaks and trades over $1303. I am against buying silver unless it breaks and trades over $17.81. Crude oil see a big sell off only if it trades below $45.50 and more so in US session.
    Currencies will affect bullion in a big way.
    COMEX GOLD AUGUST 2017 – current price $1289.90
    Bullish over $1299.70 with $1303.10-$1309.80 and $1317.60 as price target

    This post was published at GoldSeek on 8 June 2017.


  • JUNE 7 B/GOLD AND SILVER HELD IN CHECK BY THE BANKERS: GOLD DOWN $4.30 AND SILVER DOWN 9 CENTS BUT THEN THEY WERE WHACKED IN THE ACCESS MARKET/FOR THE 4TH CONSECUTIVE DAY THE AMOUNT OF SILVER STA…

    GOLD: $1290.10 down $4.30
    Silver: $17.58 down 9 cent(s)
    Closing access prices:
    Gold $1294.30
    silver: $17.68
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    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: $1297.97 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: 1290.60
    PREMIUM FIRST FIX: $5.37
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    SECOND SHANGHAI GOLD FIX: $1298.88
    NY GOLD PRICE AT THE EXACT SAME TIME: 1291.75
    Premium of Shanghai 2nd fix/NY:$7.13
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    LONDON FIRST GOLD FIX: 5:30 am est $1292.79
    NY PRICING AT THE EXACT SAME TIME: $1293.10
    LONDON SECOND GOLD FIX 10 AM: $1291.00
    NY PRICING AT THE EXACT SAME TIME. $1291.25
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 121 NOTICE(S) FOR 12100 OZ.
    TOTAL NOTICES SO FAR: 2048 FOR 204800 OZ (6.3701 TONNES)
    For silver:
    For silver: JUNE
    4 NOTICES FILED TODAY FOR 20,000 OZ/
    Total number of notices filed so far this month: 490 for 3,450,000 oz

    This post was published at Harvey Organ Blog on June 7, 2017.


  • Banks Playing Same Old Game

    In what should come as no surprise to anyone around here, The Banks are once again creating as much paper metal as necessary to stall an advance in price. Already twice this year we’ve seen this happen in Comex Digital Silver and now The Banks are working their alchemic magic in Comex Digital Gold, too.
    Frankly, I’m not even sure why I’m taking the time to write about this. You know the drill. You know how this works. And you know how this always ends:
    The Banks issue paper shorts on metal they don’t have nor do they intend to deliver. The Specs buy the contracts for metal they have no intention of ever acquiring. The Banks simply issue enough paper contracts to meet Spec demand. Eventually, Spec demand is sated and price begins to fall. As price falls, Specs sell and Banks cover…thereby closing back out all of the ill-gotten contracts. And The Banks always win because they have infinitely deeper pockets than the Specs. The Banks can simply issue as many contracts as necessary to outlast the Specs. So here are the dirty details…

    This post was published at TF Metals Report on June 7, 2017.


  • Ted Butler Quote of the Day 06-07-17

    “There are a few unusual developments in the current COMEX June deliveries for gold and silver, but the standout feature to me is still the complete absence of JPMorgan in either making or taking delivery in either commodity in its own proprietary trading account. Silver, in particular, is showing fairly large numbers of new contracts being created and immediately delivered against (for a non-traditional delivery month), but the issuers and stoppers are so mixed and cross-related that I can’t draw any concrete conclusions – aside from it suggesting tight wholesale conditions.”

    A small excerpt from Ted Butler’s subscription letter on 03 June 2017.

      More precious metals news & information available at
    Ed Steer’s Gold & Silver Digest.


  • Ted Butler: Surprise CFTC Announcement

    I was shocked by Friday’s announcement by the CFTC of an order and simultaneous settlement of manipulation charges in COMEX gold and silver futures. I first saw it in a Zero Hedge article and subsequent articles on Bloomberg and in The Wall Street Journal, but all those accounts were somewhat off target compared to the CFTC announcement itself. This was one of those rare cases where the source announcement was much clearer than the articles describing it. I would ask you to take the time to read and reread the actual announcement from the CFTC, including both the press release itself and the complete order.
    In essence, for the first time in history, the Commodity Futures Trading Commission has brought charges against someone for manipulating the gold and silver markets exactly in the manner I have described for decades. This is so astounding on its face, that I hardly know where to begin. In addition, I am writing this less than 24 hours after reading the announcement, so I reserve the right to alter my opinion as time evolves. But there is much to say at this point.
    While it is true that the agency brought these charges against a former junior trader of an unnamed foreign bank (said to be Deutsche Bank), the price manipulation occurred during the time of the CFTC’s infamous five-year formal silver investigation. You’ll remember that the original investigation by its Enforcement Division previously concluded that there were no manipulation charges worthy of pursuing. Clearly, something changed the CFTC’s mind. Also, please note that all the alleged price manipulation took place on the cesspool also known as the COMEX and not on any of the foreign exchanges often bandied about.

    This post was published at Silverseek


  • JUNE 6/GOLD AND SILVER SHOOT UP ON QATARI BLOCKADE/FOR 3 CONSECUTIVE DAYS, THE AMOUNT STANDING FOR PHYSICAL SILVER HAS INCREASED ON EACH OF THOSE 3 DAYS/SOUTH AFRICA OFFICIALLY MOVES INTO RECESSI…

    GOLD: $1294.40 up $15.10
    Silver: $17.68 up 13 cent(s)
    Closing access prices:
    Gold $1294.30
    silver: $17.68
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    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: $1290.47 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: 1284.15
    PREMIUM FIRST FIX: $6.32
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    SECOND SHANGHAI GOLD FIX: $1296.93
    NY GOLD PRICE AT THE EXACT SAME TIME: 1287.15
    Premium of Shanghai 2nd fix/NY:$9.78
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    LONDON FIRST GOLD FIX: 5:30 am est $1287.85
    NY PRICING AT THE EXACT SAME TIME: $1288.50
    LONDON SECOND GOLD FIX 10 AM: $1293.50
    NY PRICING AT THE EXACT SAME TIME. $1294.00
    For comex gold:
    JUNE/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 15 NOTICE(S) FOR 1500 OZ.
    TOTAL NOTICES SO FAR: 1927 FOR 192700 OZ (5.9937 TONNES)
    For silver:
    For silver: JUNE
    10 NOTICES FILED TODAY FOR 50,000 OZ/
    Total number of notices filed so far this month: 486 for 3,430,000 oz

    This post was published at Harvey Organ Blog on June 6, 2017.