SEPT 13/ANOTHER RAID WITH GOLD DOWN $4.20 AND SILVER DOWN 4 CENTS ON NEWS OF TRUMP’S SUPPOSED TAX REFORM COMING ON SEPT 25/USA THREATENS CHINA WITH REMOVAL OF THE SWIFT PAYMENT SYSTEM IF THEY DO …

GOLD: $1324.40 DOWN $4.20
Silver: $17.79 DOWN 4 CENT(S)
Closing access prices:
Gold $1323.20
silver: $17.78
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: $1336.44 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1332.55
PREMIUM FIRST FIX: $3.89
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SECOND SHANGHAI GOLD FIX: $1334.59
NY GOLD PRICE AT THE EXACT SAME TIME: $1331.55
Premium of Shanghai 2nd fix/NY:$3.04
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LONDON FIRST GOLD FIX: 5:30 am est $1332.25
NY PRICING AT THE EXACT SAME TIME: $1332.20
LONDON SECOND GOLD FIX 10 AM: $1327.55
NY PRICING AT THE EXACT SAME TIME. 1328.65
For comex gold:
SEPTEMBER/
NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 3 NOTICE(S) FOR 300 OZ.
TOTAL NOTICES SO FAR: 54 FOR 5400 OZ (0.1679 TONNES)
For silver:
SEPTEMBER
264 NOTICES FILED TODAY FOR
1,320,000 OZ/
Total number of notices filed so far this month: 4,898 for 24,490,000 oz
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end
Let us have a look at the data for today
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In silver, the total open interest ROSE BY A RATHER LARGE 1031 contracts from 187,176 DOWN TO 188,207 DESPITE THE DROP IN PRICE THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (DOWN 1 CENT(S). WE HAVE NOW HAD THREE DAYS OF TORMENT AND YET THE SILVER OPEN INTEREST HARDLY BUDGES. THE LONGS ARE REMAINING STOIC AND REFUSE TO GIVE IN TO THE ANTICS OF THE BANKERS.
RESULT: A STEADY RISE IN OI COMEX DESPITE THE 1 CENT PRICE LOSS.
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.941 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 264 NOTICE(S) FOR 1,320,000 OZ OF SILVER
In gold, the open interest ROSE BY A MONSTROUS 6,487 CONTRACTS DESPITE THE LOSS in price of gold ($2.95 LOSS YESTERDAY). The new OI for the gold complex rests at 580,606. NO WONDER THAT WE ANOTHER FLASH CRASH AND ANOTHER DAY OF TORMENT FROM THE BANKERS.
Result: A LARGE INCREASE IN OI DESPITE THE FALL IN PRICE IN GOLD ($2.95). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER. NO DOUBT THAT ANOTHER FLASH CRASH WAS ORCHESTRATED TODAY DUE TO THE HUGE RISE IN OPEN INTEREST IN GOLD AND THE STEADY RISE IN OI IN SILVER
we had: 3 notice(s) filed upon for 300 oz of gold.
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With respect to our two criminal funds, the GLD and the SLV:
GLD:
Tonight , we had a huge change in gold inventory last night: a huge addition of 4.14 tonnes of gold.
Inventory rests tonight: 838.64 tonnes
SLV
Today: no change in inventory.
INVENTORY RESTS AT 327.088 MILLION OZ

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

Preliminary Bout Done, Main Event Soon To Come In The Metals

First published on Sun Sep 3 for members: While the metals refused to offer much in the way of a pullback last week, they sure did provide us some nice sideways consolidations. In fact, they held support almost to the penny, and then continued higher on Friday (Sep 1).
And, while everyone seems so skittish to be bullish, the metals are still setting up to leave the station with many disbelievers watching on the sidelines. But, as I noted in my trading room this past week (of (Aug 28-Sep1), ‘In metals, you may get scared, you may freak out, you may lose your mind . . . but as long as support holds, there is no reason to lose your position.’
Allow me to show you what I mean from the example of our trading support and resistance over the prior week using the GDX. Once the GDX broke out, I put out a chart showing the support we then had to hold to keep pressure to the upside (GDX1). Moreover, I even highlighted the next target should support hold. In GDX2, you will see that the market held the top part of the support box, and then continued to our higher target, and even slightly exceeded our target by a few cents. So, in GDX3, I raised our support region to point to where I thought the market will likely pull back after striking our target.
Well, for the next two days the market tested our support region, the initial test shown in GDX4, wherein I added our next target for the smaller degree move. And, as we can see in GDX5, the GDX rallied to our next target on Friday, before beginning another pullback, as expected, during the rest of the day on Friday. And, we basically had the same tracking we did on a micro basis with the GLD all week, as it held our noted support in the 124 region.

This post was published at GoldSeek on 8 September 2017.

A Massive Surge In GLD “Inventory”

Yesterday saw the 2nd-largest one day surge in GLD “inventory” in the past five years. What does this signal, if anything at all?
I think most everyone here knows how I feel about the GLD. It’s a scam. It’s a sham and it’s a fraud. Oh sure, there’s almost certainly some gold held in the HSBC vaults but how much is truly, 100% allocated to just the GLD? Recall the whole charade from back in 2011 when Bob Pissonme of CNBS was allegedly driven in circles for hours before being allowed into the super-secret vaults that house the GLD’s gold: Meh, whatever. There’s no sense in relitigating this nonsense today. What is curious sometimes is the timing of the the Authorised Participant (Bullion Bank) alleged additions and withdrawals. Most recently we noted a stretch of 16 consecutive withdrawals over the period from June 26 through August 7. The total amount of “gold” withdrawn from “inventory” over that time was 66.81 metric tonnes.

This post was published at TF Metals Report on Wednesday, September 6, 2017.

GLD Assets Spike Higher

A late-August surge in gold prices has finally attracted traders back into SPDR Gold Shares (GLD), the largest of the gold bullion ETNs. This week’s chart looks at total assets held in the GLD Trust, which issues or redeems shares as needed in order to keep the share price as close as possible to the net asset value. Those shares are backed by actual gold bullion, and so issuing more shares means more gold in their vaults. Data are available
A number of assets held by GLD tend to fluctuate in step with gold prices.

This post was published at FinancialSense on 08/31/2017.

AUGUST 30/GOLD FALLS BY $5.00 DOWN TO $1308.50/SILVER DOWN ONLY ONE CENT/GLD ADDS ANOTHER 2.08 TONNES OF GOLD/GIANT CHEMICAL FACTORY READY TO EXPLODE IN CROSBY TEXAS/HURRICANE HARVEY MAKES A 2ND …

GOLD: $1308.50 DOWN $5.00
Silver: $17.44 DOWN 1 CENT(S)
Closing access prices:
Gold $1309.00
silver: $17.43
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: $1318.53 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1312.35
PREMIUM FIRST FIX: $6.17
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SECOND SHANGHAI GOLD FIX: $1312.31
NY GOLD PRICE AT THE EXACT SAME TIME: $1307.95
Premium of Shanghai 2nd fix/NY:$4.36
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LONDON FIRST GOLD FIX: 5:30 am est $1310.60
NY PRICING AT THE EXACT SAME TIME: $1310.80
LONDON SECOND GOLD FIX 10 AM: $1308.50
NY PRICING AT THE EXACT SAME TIME. 1307.00 ???
For comex gold:
AUGUST/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 444 NOTICE(S) FOR 44,400 OZ.
TOTAL NOTICES SO FAR: 5245 FOR 524,500 OZ (16.314 TONNES)
For silver:
AUGUST
1 NOTICES FILED TODAY FOR
5,000 OZ/
Total number of notices filed so far this month: 1249 for 6,245,000 oz

This post was published at Harvey Organ Blog on August 30, 2017.

Gold Stocks Portfolio Fuel

SPDR fund tonnage (GLD-NYSE) has recaptured the 800 ton mark, and rose to 814 yesterday. This is happening as a steady wave of institutional money managers embrace gold as an important portfolio component. It’s also occurring as Indian dealers begin buying for Diwali. The result of this overall ramp-up in demand is a beautiful surge higher in the gold price! Please click here now. Double-click to enlarge this important gold chart. I call this my ‘Road To $1392’ chart. When the price of an asset arrives at major resistance in a huge chart pattern, a real upside breakout and sustained move higher can only occur if market fundamentals are aligned with the technical set-up. The good news is that for gold, this appears to be the case. Please click here now. Double-click to enlarge this monthly gold chart. The $1377 – $1392 price range is the resistance zone of a huge inverse head and shoulders bottom pattern. It is the neckline of the pattern. Note the tremendous rise in volume that is occurring as gold makes a beeline to that neckline. The Indian gold market has completed its restructuring, and Western money managers are lining up to add gold to their portfolios. The managers are not just making a one-time purchase. They are adding gold as a percentage allocation. That allocation seems to be averaging around 5%. As the funds gather new assets, they buy more gold to maintain that 5% allocation. Asian fund managers typically give gold an even higher allocation to gold in their funds than Western managers. As China and India become the main economic empires, Western money managers will tend to play ‘follow the Chindian leader’. That means the current Western money manager allocation to gold that is about 5% could easily rise to 10% or 15% in the coming years. Clearly, all liquidity flow lights for gold…are green!

This post was published at GoldSeek on 29 August 2017.

The Gold-Bond Correlation And Other Macro Observations

We have posted several pieces over this year noting the high correlation of gold and 10-year bond futures. See here, here and here.
Here is how the gold ETF (GLD) and the Treasury ETF (TLT) have moved together over various periods. The data show the correlation is increasing. For example, over the past 20 trading days, the GLD and TLT have moved in the same direction on the same day 80 percent of the time, this compares to around 55 percent over the past ten years.
***
Now check out how the nearest gold and 10-year Treasury futures have tracked each other over the past six months.

This post was published at Zero Hedge on Aug 28, 2017.

Are The Metals About To Go Parabolic?

First published on Sun Aug 20 for members: With the metals providing us with the pullback we were expecting in our report last weekend (Aug 12-13), they continued to push higher from that pullback. Moreover, the structure continues to look quite bullish. However, the only question the market has yet to answer is if we see one more drop before the parabolic rally commences, or if we simply begin to rally strongly from here.
Since the market has not done anything unexpected this past week, I have to note that my overall perspective has not changed. My main expectation is still looking for a bit more pullback before we are ready to rally through resistance. Moreover, there is really not much more I am able to provide by way of further analysis to what I have been saying all week:
When dealing with fireworks, all it takes is one spark, and the entire box can be ignited. The metals market is in no different position right now. It does have the potential for a direct break out, and if we should see silver take out its blue box overhead with strong buying volume, do not stand in its way, since it means someone has lit the match, and it will likely have begun the heart of its 3rd wave higher.
As far as GDX is concerned, as I have been saying for the last several weeks, the micro structure is truly messy on this rise. While GLD and silver have been displaying truly ideal Elliott Wave structures, GDX has been an overlapping mess.

This post was published at GoldSeek on 25 August 2017.

AUGUST 21/NO RAID TODAY AS GOLD RISES BY$5.05 TO $1291.20/SILVER REMAINS FLAT/GLD ADDS ANOTHER 3.85 TONNES TO ITS INVENTORY/RUSSIA ADDS ANOTHER 12.44 TONNES TO ITS OFFICIAL RESERVES/MNUCHIN AGAIN…

GOLD: $1291.20 UP $5.05
Silver: $17.02 FLAT
Closing access prices:
Gold $1292.00
silver: $17.02
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: $1290.86 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1285.95
PREMIUM FIRST FIX: $4.91
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SECOND SHANGHAI GOLD FIX: $1293.21
NY GOLD PRICE AT THE EXACT SAME TIME: $1285.30
Premium of Shanghai 2nd fix/NY:$7.91
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LONDON FIRST GOLD FIX: 5:30 am est $1287.60
NY PRICING AT THE EXACT SAME TIME: $1287.60
LONDON SECOND GOLD FIX 10 AM: $1292.90
NY PRICING AT THE EXACT SAME TIME. $1291.90 ????
For comex gold:
AUGUST/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
TOTAL NOTICES SO FAR: 4581 FOR 458,100 OZ (14.248 TONNES)
For silver:
AUGUST
24 NOTICES FILED TODAY FOR
120,000 OZ/
Total number of notices filed so far this month: 1075 for 5,375,000 oz

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

AUGUST 14/3RD CONSECUTIVE RAID ATTEMPT BY OUR BANKERS FAILED WITH RESPECT TO GOLD AND SILVER/OPEN INTEREST IN SILVER CONTINUES TO FALL DESPITE THE RISE IN PRICE WHICH INDICATES BANKER CAPITULATIO…

GOLD: $1284.70 DOWN $3.10
Silver: $17.14 up 6 cent(s)
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: $1292.87 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1287.85
PREMIUM FIRST FIX: $5.02
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SECOND SHANGHAI GOLD FIX: $1290.15
NY GOLD PRICE AT THE EXACT SAME TIME: $1285.70
Premium of Shanghai 2nd fix/NY:$4.45
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LONDON FIRST GOLD FIX: 5:30 am est $1281.10
NY PRICING AT THE EXACT SAME TIME: $1281.95
LONDON SECOND GOLD FIX 10 AM: $1282.30
NY PRICING AT THE EXACT SAME TIME. $1282.30
For comex gold:
AUGUST/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 34 NOTICE(S) FOR 3400 OZ.
TOTAL NOTICES SO FAR: 4521 FOR 452,100 OZ (14.062 TONNES)
For silver:
AUGUST
20 NOTICES FILED TODAY FOR
100,000 OZ/
Total number of notices filed so far this month: 830 for 4,150,000 oz

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

August 5/Absolutely phony jobs report sends gold down $10.50 and silver down 34 cents/GLD loses another 4.48 tonnes of gold/ Silver loses 945,000 oz/

GOLD: $1258.70 DOWN $10.50
Silver: $16.30 DOWN 34 cent(s)
Closing access prices:
Gold $1259.00
silver: $16.30
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: $1275.00 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1269.40
PREMIUM FIRST FIX: $5.60

This post was published at Harvey Organ Blog on August 5, 2017.

GLD Shrinks Like It’s Sept 2011 Before US Jobs Data Send Gold Prices -0.6% for Week

Gold prices sank 0.6% against the Dollar on Friday as the US reported stronger-than-expected jobs data for July.
New York’s stock markets opened the day lower as the Dollar rallied from its latest 31-month lows to the Euro and bond prices fell, pushing longer-term interest rates higher.
Listen to Avi Gilburt on Stock Market Peak, Future of the US Dollar and Gold
Non-farm payrolls expanded by 209,000 last month, the Bureau of Labor Statistics said, beating analyst forecasts of 183,000 with June’s figure also revised higher.
Having recovered last week’s finish of $1269 on Friday morning, Dollar-priced gold dropped $7 immediately after today’s new US jobs data.
Gold prices had previously risen 3.9% from 1 month before, the fastest rolling 1-month rate of gain since start-June’s peak at $1295 per ounce.

This post was published at FinancialSense on 08/04/2017.

GLD bleeds 71.58 tonnes of gold in just over a month — Lawrie Williams

The SPDR Gold Shares ETF (GLD) – the world’s largest gold ETF – saw another 5.03 tonne withdrawal yesterday bringing the total of gold held to only 795.42 tonnes – its lowest level since mid-March 2016 and fully 71.58 tonnes below its recent interim peak of 867 tonnes seen as recently as mid-June – and 58.26 tonnes in the past month. This is a huge fall in such a short period and last time the GLD holding was as low was back in mid-March last year.
The big anomaly here is that similar big withdrawals from GLD are normally accompanied by a fall in the gold price, but in the event gold surged yesterday to over $1,260 an ounce – its highest level since mid-June. Indeed gold has effectively been on the rise for the past three weeks – a period over which GLD has bled close on 40 tonnes.
There have been various attempts to understand this unusual pattern. Ed Steer in his daily newsletter, quoting Ted Butler who follows movements in the silver and gold markets very closely, picks up the following quote from Ted “The most plausible and, in fact, only explanation I can come up with is that some large entity is converting shares into physical metal for the purpose of preventing share ownership from rising to or above reporting levels. When a big shareholder converts shares of SLV or GLD into metal, the shares no longer exist and, therefore, don’t need to be reported to any regulator. Likewise, direct physical ownership of silver or gold needn’t be reported to anyone no matter how large the position may grow. (This is another major factor behind why JPMorgan decided to buy physical silver). Again, a large entity amassing a large physical position in silver or gold on the sly is not bearish for price.”
Whatever the explanation the movement of gold out of GLD at a time of a rising gold prices, if it continues, has to be very worrying for gold bulls. My colleague Julian Phillips writing on my site – http://www.lawrieongold.com – is, however, confident that the GLD gold withdrawals will shortly turn around and we will additions back into the world’s largest gold ETF. It is noticeable that it is appears only to be GLD which has been so affected. The other big U.S. Gold ETF – the iShares Gold Trust (IAU) does not appear to be seeing similar movements and, by all accounts, the European gold ETFs, if anything, have been seeing inflows rather than outflows.

This post was published at Sharps Pixley

July 28/Gold rises by $9.30/silver up by 11 cents due to 1. lousy GDP report. 2. wage inflation non existent/3. Failure of the Senate to pass the skinny Health care bill. 4/ the Senate passes the…

GOLD: $1269.60 UP $9.30
Silver: $16.70 UP 11 cent(s)
Closing access prices:
Gold $1269.60
silver: $16.76
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: $1265.79 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1259.55
PREMIUM FIRST FIX: $6.24

This post was published at Harvey Organ Blog on July 28, 2017.

Gold Cycle Outlook Cautiously Bullish

I am cautiously bullish with today’s new high in Gold and GDX on day 13. Silver also made a new high on day 12 but is still lagging Gold out of the recent low. Note that I have used GLD and SLV in my charts today as the price prints for Gold and Silver on Stockcharts were bogus once again.
Why cautiously bullish? During the long Bear from the secondary high in 2012, almost every Failed Gold Trading Cycle topped on day 10 or earlier. There were a couple that topped on day 11 and one on day 12 as I recall but day 12 was the longest uptrend we saw into a failed Trading Cycle. That said, I am still cautious as my charts will show that PM’s still have much work to do to break out of this sideways pattern that they have been in for much of 2017.
Silver, which has already broken below its Dec 2016 YCL does give me some concern here. The Gold/Silver Ratio, as both Plunger and I have posted on, may be indicating that Credit Markets are nervous about something…

This post was published at GoldSeek on Thursday, 27 July 2017.

JULY 25/COMEX OPTIONS EXPIRY AND AS ALWAYS GOLD AND SILVER ARE HIT: GOLD FALLS $2.10 BUT SILVER RESPONDS AND RISES 10 CENTS/GLD HAS A LOSS OF 9.17 TONNES/SLV HAS A LOSS OF 3.309 MILLION OZ/TURKEY…

GOLD: $1252.40 DOWN $2.10
Silver: $16.55 UP 10 cent(s)
Closing access prices:
Gold $1250.00
silver: $16.52
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: $1259.96 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1254.25
PREMIUM FIRST FIX: $5.71
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SECOND SHANGHAI GOLD FIX: $1262.69
NY GOLD PRICE AT THE EXACT SAME TIME: $1257.25
Premium of Shanghai 2nd fix/NY:$5.44
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LONDON FIRST GOLD FIX: 5:30 am est $1252.00
NY PRICING AT THE EXACT SAME TIME: $1252.50
LONDON SECOND GOLD FIX 10 AM: $1254.40
NY PRICING AT THE EXACT SAME TIME. $1254.50
For comex gold:
JULY/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 6 NOTICE(S) FOR 600 OZ.
TOTAL NOTICES SO FAR: 157 FOR 15700 OZ (.4883 TONNES)
For silver:
JULY
122 NOTICES FILED TODAY FOR
610,000 OZ/
Total number of notices filed so far this month: 3149 for 15,745,000 oz
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WE HAVE NOW ENTERED OPTIONS EXPIRY WEEK:
COMEX OPTIONS EXPIRY: TOMORROW JULY 26.2017
LONDON BASED OPTIONS EXPIRY: JULY 31.2017 AT 11AM OR SO.
(OTC/LBMA CONTRACTS)

This post was published at Harvey Organ Blog on July 25, 2017.

JULY 24/GOLD AND SILVER STEADY TODAY/GLD LOSES ANOTHER 9.62 TONNES AND YET GOLD REMAINS CONSTANT/EU SOUNDS ALARM BELL IF THE USA PASSES MORE SANCTIONS AGAINST RUSSIA/IRAN AND USA EXCHANGE HEATED …

GOLD: $1254.50 DOWN $0.25
Silver: $16.45 DOWN 4 cent(s)
Closing access prices:
Gold $1255.50
silver: $16.50
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: $1261.18 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1254.50
PREMIUM FIRST FIX: $6.68
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SECOND SHANGHAI GOLD FIX: $1261.69
NY GOLD PRICE AT THE EXACT SAME TIME: $1252.95
Premium of Shanghai 2nd fix/NY:$8.71
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LONDON FIRST GOLD FIX: 5:30 am est $1255.85
NY PRICING AT THE EXACT SAME TIME: $1256.55
LONDON SECOND GOLD FIX 10 AM: $1254.50
NY PRICING AT THE EXACT SAME TIME. $1255.50 ???
For comex gold:
JULY/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 2 NOTICE(S) FOR 200 OZ.
TOTAL NOTICES SO FAR: 151 FOR 15100 OZ (.4696 TONNES)
For silver:
JULY
17 NOTICES FILED TODAY FOR
85,000 OZ/
Total number of notices filed so far this month: 3027 for 15,135,000 oz

This post was published at Harvey Organ Blog on July 24, 2017.

JULY 20/MUELLER NOW EXPANDS SCOPE INTO TRUMP’S BUSINESS DEALINGS SENDS GOLD AND SILVER NORTHBOUND/GOLD UP $3.50/SILVER UP 5 CENTS/BANK OF AMERICA PULLS OUT OF ALL FUNDING FOR LARGE CHINESE CONGLO…

GOLD: $1246.00 UP $3.50
Silver: $16.38 UP 5 cent(s)
Closing access prices:
Gold $1245.00
silver: $16.36
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: $1247.75 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1239.50
PREMIUM FIRST FIX: $8.25
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SECOND SHANGHAI GOLD FIX: $1246.52
NY GOLD PRICE AT THE EXACT SAME TIME: $1238.10
Premium of Shanghai 2nd fix/NY:$8.42
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LONDON FIRST GOLD FIX: 5:30 am est $1236.55
NY PRICING AT THE EXACT SAME TIME: $1237.70
LONDON SECOND GOLD FIX 10 AM: $1238.70
NY PRICING AT THE EXACT SAME TIME. $1239.15
For comex gold:
JULY/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 0 NOTICE(S) FOR NIL OZ.
TOTAL NOTICES SO FAR: 149 FOR 14900 OZ (.4634 TONNES)
For silver:
JULY
34 NOTICES FILED TODAY FOR
170,000 OZ/
Total number of notices filed so far this month: 2956 for 14,780,000 oz
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end
The key event today was the revelation that Mueller is probing Trump’s business interests around the globe. That sparked gold and silver to rebound after the bankers had targeted our precious metals to the dumpster today. That plan was foiled with the Mueller news.
I would really like you to read the Stockman commentary at the bottom of my commentary. It is a must read..
Let us have a look at the data for today
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In silver, the total open interest FELL BY 1845 contract(s) DOWN to 207,844 DESPITE THE TINY RISE IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (UP 4 CENT(S). TODAY WE HAD NEW SPECULATOR LONGS ENTER THE MARKET WITH THE BANKERS SUPPLYING THE NECESSARY PAPER. THE BANKERS ARE HAVING AN AWFUL TIME TRYING TO SHAKE THE SILVER LEAVES FROM THE SILVER TREE. HOWEVER SOME SILVER LONGS DID DEPART
In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.061 BILLION TO BE EXACT or 152% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 34 NOTICE(S) FOR 170,000 OZ OF SILVER
In gold, the total comex gold FELL BY 2948 CONTRACTS DESPITE THE RISE IN THE PRICE OF GOLD ($0.50 with YESTERDAY’S TRADING). The total gold OI stands at 481,256 contracts. THE BANKERS ARE STILL LOATHE TO SUPPLY THE GOLD PAPER AND WISH TO COVER MORE OF THEIR SHORTS. SOME NEWBIE SPEC LONGS STARTED TO ENTER THE GOLD COMEX ARENA AGAIN. THE PLETHORA OF DATA RELEASED ON FRIDAY SHOWING RETAIL SPENDING BASICALLY COLLAPSING ALONG WITH SMALLER INFLATION NUMBERS MUST BE SCARING OUR BANKERS TO DEATH.
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:
Today no changes in gold inventory
Inventory rests tonight: 816.13 tonnes
for 5 consecutive days, gold rises appreciably and yet gold inventory drops at the GLD
(In the last 5 days gold rises $27.70 and yet GLD inventory collapses by 16.26 tonnes)
GLD IS A MASSIVE FRAUD/INVENTORY SHOULD BE RISING NOT FALLING.
SLV
Today: : WE HAD A HUGE CHANGES IN SILVER INVENTORY TONIGHT/A WITHDRAWAL OF 945,000 OZ WITH SILVER UP AGAIN BY 5 CENTS
INVENTORY RESTS AT 347.121 MILLION OZ

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