• Tag Archives Shanghai
  • 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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1255.90
    NY GOLD PRICE AT THE EXACT SAME TIME: $1245.40
    Premium of Shanghai 2nd fix/NY:$10.50
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.


  • Oil Bear Market Sends Global Stocks, Yields Sliding; Chinese MSCI Addition Fizzles

    In an eventful overnight session which saw a historic transition in Saudi Arabia, an unexpected Republican victory in the Georgia Special Election, China’s inclusion in the MSCI EM index and Travis Kalanick’s resignation, S&P futures continued to fall, alongside stock markets in Asia and Europe, while oil prices extended their drop despite a larger than expected draw reported by API on Tuesday. The USDJPY continued its recent slide, dropping just shy of 111, while GBPUSD tumbled as low as 1.2589, the lowest since May announced the UK election, only to reverse and recover all gains ahead of the Queen’s speech on Wednesday.
    Despite the much hyped inclusion of 222 mainland Chinese shares in the MSCI EM index starting May 2018, which will by only 0.73% to include Chinese A-shares, the Shanghai composite closed a modest 0.5% higher, as the initial euphoria fizzled following calculations that buying pressure from the MSCI shift would be muted. MSCI estimated the change, due around the middle of next year, would drive inflows of between $17 billion and $18 billion. China’s market cap is roughly $7 trillion.
    The index provider also set out a laundry list of liberalization requirements before it would consider further expansion. “We suspect that it will be a long time before this happens,” wrote analysts at Capital Economics in a note. While China’s weighting in the MSCI Emerging Markets Index may ultimately rise to 40 percent or so, this rise is likely to be slow,” they added. “The upshot is that any initial boost to equities is likely to be small.”

    This post was published at Zero Hedge on Jun 21, 2017.


  • Gold Market Morning: June-21-2017: Gold still stabilizing below $1,250

    Gold Today – New York closed at $1,243.50 yesterday after closing at $1,251.5 yesterday. London opened at $1,246.00 today.
    Overall the dollar was slightly stronger against global currencies, early today. Before London’s opening:
    – The $: was slightly stronger at $1.1145 after yesterday’s $1.1155: 1.
    – The Dollar index was stronger at 97.66 after yesterday’s 97.57.
    – The Yen was stronger at 111.14 after yesterday’s 111.39:$1.
    – The Yuan was slightly weaker at 6.8264 after yesterday’s 6.8258: $1.
    – The Pound Sterling was weaker at $1.2627 after yesterday’s $1.2659: 1.
    Yuan Gold Fix
    Despite the central Bank in Hong Kong statement of yesterday that it wanted a stable exchange rate to the dollar, the Yuan has weakened a little in the last two days. This does not mean the policy has changed, just as it will not be a fixed exchange rate.
    What is becoming clear is that Shanghai’s pricing power over the gold price is being proved this week and last, as it has been leading the way both ways.

    This post was published at GoldSeek on 21 June 2017.


  • Leading The Multipolar Revolution: How Russia And China Are Creating A New World Order

    The last thirty days have shown another kind of world that is engaging in cooperation, dialogue and diplomatic efforts to resolve important issues. The meeting of the members of the Belt and Road Initiative laid the foundations for a physical and electronic connectivity among Eurasian countries, making it the backbone of sustainable and renewable trade development based on mutual cooperation. A few weeks later, the Shanghai Cooperation Organization meeting in Astana outlined the necessary conditions for the success of the Chinese project, such as securing large areas of the Eurasian block and improving dialogue and trust among member states. The following AIIB (Asian Infrastructure Investment Bank) meeting in ROK will layout the economical necessities to finance and sustain the BRI projects.
    The Shanghai Cooperation Organization (SCO) and the Chinese Belt and Road Initiative (BRI) have many common features, and in many ways seem complementary. The SCO is an organization that focuses heavily on economic, political and security issues in the region, while the BRI is a collection of infrastructure projects that incorporates three-fifths of the globe and is driven by Beijing’s economic might. In this context, the Eurasian block continues to develop the following initiatives to support both the BRI and SCO mega-projects. The Collective Security Treaty Organization (CTSO) is a Moscow-based organization focusing mainly on the fight against terrorism, while the Asian Infrastructure Investment Bank (AIIB) is a Beijing-based investment bank that is responsible for generating important funding for Beijing’s long-term initiatives along its maritime routes (ports and canals) and overland routes (road, bridges, railways, pipelines, industries, airports). The synergies between these initiatives find yet another point of convergence in the Eurasian Economic Union (EEU). Together, the SCO, BRI, CTSO, AIIB, and EEU provide a compelling indication of the direction in which humanity is headed, which is to say towards integration, cooperation and peaceful development through diplomacy.
    On the other side we have the old world order made up of the IMF, the World Bank, the European Union, the UN, NATO, the WTO, with Washington being the ringmaster at the center of this vision of a world order. It is therefore not surprising that Washington should look askance at these Eurasian initiatives that threaten to deny its central and commanding role in the global order in favor of a greater say by Moscow, Beijing, New Delhi and even Tehran.

    This post was published at Zero Hedge on Jun 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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1256.89
    NY GOLD PRICE AT THE EXACT SAME TIME: $1246.70
    Premium of Shanghai 2nd fix/NY:$10.11
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.


  • 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.


  • Gold’s Pricing Power Moving East – Part 2

    China excluded from the global gold price or arbitrage includes it?
    China is unhappy that gold prices should be driven by U. S. and dollar concerns. But many state that because there is no free flow of gold in and out of China, China will remain a parochial market, not integrated into the global gold market. Nothing is now further from the truth.
    The author has worked with successful arbitrageurs in London in the past, so we can clearly see that through the London and Shanghai Gold Exchanges via bullion banks such as ICBC/Standard, HSBC and many others, arbitrage in gold is not just feasible but practiced.
    Any overweight London gold stocks can easily be sent to Shanghai from, in particular the ICBC/Standard branch in London that control two warehouses capable of holding 3,500 tonnes of physical gold. With this bank being a ‘market maker’ in London and a member of the LBMA price setting body, such a trading activity would be consistent with its normal functions.
    As to gold leaving China, it is not permitted, but the export of Yuan is. So a sale in Shanghai of gold receives Yuan which can be exported to buy gold in London. This is, in essence, giving arbitrageurs the ability to lower prices in Shanghai and raising them in London.
    Capital Controls in China do not pose a hurdle for this business. We believe that while capital exiting China is now heavily restricted, it is not withheld for the purchase and import of gold bullion.
    What this trade does do, is to smooth out price differentials between Shanghai and London. With Shanghai’s physical gold prices being more representative of physical gold demand and supply [due to volumes of gold traded] it is inevitable that Shanghai becomes the leading gold Benchmark pricer in the future.

    This post was published at GoldSeek


  • Gold and Silver Market Morning: June 19 2017 – Gold stabilizing around $1,250!

    Gold Today – New York closed at $1,256.50 Friday after closing at$1,254.60 Thursday. London opened at $1,250.20 today.
    Overall the dollar was slightly weaker against global currencies, early today. Before London’s opening:
    – The $: was slightly weaker at $1.1188 after Friday’s $1.1174: 1.
    – The Dollar index was slightly weaker at 97.24 after Friday’s97.34.
    – The Yen was stronger at 111.18 after Friday’s 111.31:$1.
    – The Yuan was almost unchanged at 6.8154 after yesterday’s6.8152: $1.
    – The Pound Sterling was stronger at $1.2780 after yesterday’s $1.2774: 1.
    Yuan Gold Fix
    New York closed at almost the same level as Shanghai did on Friday. This morning see Shanghai $3 higher, but London ahead of its open was trying to pull the price down a few dollars to $1,250, trying to guess the opening mood in London.
    Hong Kong’s central bank has stated that it prefers a stable exchange rate against the dollar. It is not independent of Shanghai and, judging by today’s exchange rate the People’s Bank of China agrees as we see the Yuan virtually unchanged today. This will allow us to see more clearly the differences between the Shanghai gold Exchange prices and London and New York.

    This post was published at GoldSeek on 19 June 2017.


  • 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.


  • Quiet Start To Quad Witching: Stocks Rebound Around The Globe, BOJ Hits Yen

    Today is quad-witching opex Friday, and according to JPM, some $1.3 trillion in S&P future will expire. Traditionally quad days are associated with a rise in volatility and a surge in volumes although in light of recent vol trends and overnight markets, today may be the most boring quad-witching in recent history: global stocks have again rebounded from yesterday’s tech-driven losses as European shares rose 0.6%, wiping out the week’s losses.
    USD/JPY climbed to two-week high, pushing the Nikkei higher as the BOJ maintained its stimulus and raised its assessment of private consumption without making a reference to tapering plans, all as expected. Asian stocks were mixed with the Shanghai Composite slightly softer despite the PBOC injecting a monster net 250 billion yuan with reverse repos to alleviate seasonal liquidity squeeze, and bringing the net weekly liquidity injection to CNY 410 billion, the highest in 5 months, while weakening the CNY fixing most since May. WTI crude is up fractionally near $44.66; Dalian iron ore rises one percent. Oil rose with metals. Treasuries held losses as traders focused on Yellen hawkish tone.
    The MSCI All Country World Index was up 0.2%, and after the latest global rebound, the value of global stocks is almost equal to that of the world’s GDP, the highest such ratio since th great financial crisis, BBG reported.

    This post was published at Zero Hedge on Jun 16, 2017.


  • Gold Market Morning: June-16-2017: Gold stabilizing after the Fed

    Gold Today – New York closed at $1,254.60 yesterday after closing at $1,262.70 Wednesday. London opened at $1,255.70 today.
    Overall the dollar was slightly stronger against global currencies, early today. Before London’s opening:
    – The $: was slightly weaker at $1.1174 after yesterday’s $1.1164: 1.
    – The Dollar index was slightly stronger at 97.34 after yesterday’s 97.28.
    – The Yen was weaker at 111.31 after yesterday’s 109.65:$1.
    – The Yuan was weaker at 6.8152 after yesterday’s 6.8019: $1.
    – The Pound Sterling was stronger at $1.2774 after yesterday’s $1.2696: 1.
    Yuan Gold Fix
    While London and New York are holding yesterday’s [after the Fed] levels Shanghai has pulled back but not so far and we are now seeing New York $6 lower than Shanghai and London also $6 lower than Shanghai today. This is basically a repeat of yesterday’s differentials.
    Certainly Shanghai did not pull gold back as much as the other centers on the back of the Fed’s rate rise and statement. It does appear that this move in U. S. rates is now factored in.
    Silver Today – Silver closed at $17.13 yesterday after $17.13 at New York’s close Wednesday.
    LBMA price setting: The LBMA gold price was set today at $1,256.60 from yesterday’s $1,260.25. The gold price in the euro was set at 1,124.42 after yesterday’s 1,128.75.
    Ahead of the opening of New York the gold price was trading at $1,255.00 and in the euro at 1,124.25. At the same time, the silver price was trading at $16.78.

    This post was published at GoldSeek on 16 June 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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.


  • Nike Cutting 2% Of Global Workforce

    In a preview of more pain to come for US, and global, workers, moments ago Nike announced that it will soon be parting ways with approximately 2% of its 70,700 global workforce, or roughly 1,500 employees.
    Nike introduced the Consumer Direct Offense, a new company alignment, resulting in leadership and organizational changes as part of which the company would see an overall reduction in about 2% of the company’s global workforce to “streamline and speed up strategic execution.”
    In addition to the mass layoff, Nike is realigning its regional units as it focuses on driving growth in its most important markets and getting new products to market more quickly. Among the details:
    Cutting product styles by 25%, but will offer deeper selection of key franchises Aiming to cut creation cycle in half to speed new products to market Consumer Direct Offense program under NKE Brand President Trevor Edwards to focus on improving growth in New York, London, Shanghai, Beijing, Los Angeles, Tokyo, Paris, Berlin, Mexico City, Barcelona, Seoul, Milan Sees targeted cities accounting for 80% of projected growth through 2020

    This post was published at Zero Hedge on Jun 15, 2017.


  • Gold Market Morning: June-15-2017 — Gold on the back foot after the Fed!

    Gold Today – New York closed at $1,262.70 yesterday after closing at $1,275.60 Tuesday. London opened at $1,260.00 today.
    Overall the dollar was stronger against global currencies, early today. Before London’s opening:
    – The $: was stronger at $1.1164 after yesterday’s $1.1217: 1.
    – The Dollar index was stronger at 97.28 after yesterday’s 96.92.
    – The Yen was stronger at 109.65 after yesterday’s 110.14:$1.
    – The Yuan was weaker at 6.8019 after yesterday’s 6.7976: $1.
    – The Pound Sterling was weaker at $1.2696 after yesterday’s $1.2785: 1.
    Yuan Gold Fix
    Yesterday global gold markets saw volatility in all three markets ahead of the Fed. Once the statement was out global gold markets settled and steadied around $1,260, with London $5 lower than Shanghai.
    We expect today will see a digestion of Mrs Yellen’s statement followed by gold’s reaction.
    Silver Today – Silver closed at $17.13 yesterday after $16.76 at New York’s close Tuesday.

    This post was published at GoldSeek on 15 June 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.


  • Gold Market Morning: June-14-2017 — Gold waiting for the Fed!

    Gold Today – New York closed at $1,268.60 yesterday after closing at $1,268.90 Monday. London opened at $1,267.24 today.
    Overall the dollar was slightly weaker against global currencies, early today. Before London’s opening:
    – The $: was slightly weaker at $1.1217 after yesterday’s $1.1212: 1.
    – The Dollar index was weaker at 96.92 after yesterday’s 97.04.
    – The Yen was slightly stronger at 110.14 after yesterday’s 110.16:$1.
    – The Yuan was slightly stronger at 6.7976 after yesterday’s 6.7979: $1.
    – The Pound Sterling was stronger at $1.2785 after yesterday’s $1.2700: 1.
    Yuan Gold Fix
    As you can see from the above, Shanghai traded both yesterday and today lower than New York and London. This was the first time we have seen that happen! New York closed higher than Shanghai yesterday and London opened higher than Shanghai. On these numbers Shanghai is not a buyer from the west today.
    We have heard that China stands accused of gold price manipulation. They are accused of keeping prices low until they have acquired a particular number of tonnes. Meanwhile, Shanghai prices have consistently been at a premium to western prices. This is not the path down.

    This post was published at GoldSeek on 14 June 2017.


  • 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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.


  • Gold Market Morning: June-13-2017: Gold waiting for the Fed tomorrow!

    Gold Today – New York closed at $1,268.90 yesterday after closing at $1,266.00 Friday. London opened at $1,262 today.
    Overall the dollar was slightly weaker against global currencies, early today. Before London’s opening:
    – The $: was slightly stronger at $1.1212 after yesterday’s $1.1220: 1.
    – The Dollar index was slightly weaker at 97.04 after yesterday’s 97.13.
    – The Yen was slightly weaker at 110.16 after yesterday’s 109.94:$1.
    – The Yuan was slightly stronger at 6.7979 after yesterday’s 6.7985: $1.
    – The Pound Sterling was slightly weaker at $1.2700 after yesterday’s $1.2704: 1.
    Yuan Gold Fix
    New York closed lower than Shanghai yesterday and London opened lower than Shanghai as the gold price continues to consolidate slightly lower.
    Silver Today – Silver closed at $16.94 yesterday after $17.22 at New York’s close Friday.
    LBMA price setting: The LBMA gold price was set today at $1,261.30 from yesterday’s $1,269.25. The gold price in the euro was set at 1,124.55 after yesterday’s 1,131.44.
    Ahead of the opening of New York the gold price was trading at $1,263.85 and in the euro at 1,121.43. At the same time, the silver price was trading at $16.83.
    Gold (very short-term)
    The gold price should consolidate, in New York today.
    Silver (very short-term)
    The silver price should consolidate with a firm bias, in New York today.

    This post was published at GoldSeek on 13 June 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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.


  • Gold Market Morning: June-12-2017: Gold finds bottom and is reacting to currency moves now!

    Gold Today – New York closed at $1,266.00 Friday after closing at $1,279.50 Thursday. London opened at $1,267.00 today.
    Overall the dollar was weaker against global currencies, early today. Before London’s opening:
    – The $: was weaker at $1.1220 after Friday’s $1.1178: 1.
    – The Dollar index was weaker at 97.13 after Friday’s 97.44.
    – The Yen was stronger at 109.94 after Friday’s 110.37:$1.
    – The Yuan was slightly stronger at 6.7985 after Friday’s 6.7988: $1.
    – The Pound Sterling was weaker at $1.2704 after Friday’s $1.2720: 1.
    Yuan Gold Fix
    New York closed lower than Shanghai on Friday but Shanghai was higher today as the U. S. dollar started to weaken again. London opened lower than Shanghai but was off its bottom. The London price setting lifted the gold price up above spot this morning.
    Silver Today – Silver closed at $17.22 Friday after $17.41 at New York’s close Thursday.
    LBMA price setting: The LBMA gold price was set today at $1,269.25 from Friday’s $1,274.25. The gold price in the euro was set at 1,131.44 after Friday’s 1,139.76.
    Ahead of the opening of New York the gold price was trading at $1,269.15 and in the euro at 1,135.19. At the same time, the silver price was trading at $17.14.
    Gold (very short-term)
    The gold price should consolidate with a firm bias, in New York today.
    Silver (very short-term)
    The silver price should consolidate with a firm bias, in New York today.

    This post was published at GoldSeek on 12 June 2017.