• Tag Archives Shanghai
  • JULY 27/GOLD UP $ 10.45 WITH SILVER UP 13 CENTS/GOLD/SILVER EQUITY SHARES FLOUNDER AT THE END OF THE DAY SIGNALLING A POSSIBLE RAID TOMORROW//EU IS FORCING 3 COUNTRIES TO ACCEPT MIGRANTS AGAINST …

    GOLD: $1260.30 UP $10.45
    Silver: $16.59 UP 13 cent(s)
    Closing access prices:
    Gold $1259.50
    silver: $16.58
    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: $1269.54 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1263.20
    PREMIUM FIRST FIX: $6.34
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1267.86
    NY GOLD PRICE AT THE EXACT SAME TIME: $1262.60
    Premium of Shanghai 2nd fix/NY:$5.26
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    LONDON FIRST GOLD FIX: 5:30 am est $1262.05
    NY PRICING AT THE EXACT SAME TIME: $1263.00
    LONDON SECOND GOLD FIX 10 AM: $1261.10
    NY PRICING AT THE EXACT SAME TIME. $1261.20
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 4 NOTICE(S) FOR 400 OZ.
    TOTAL NOTICES SO FAR: 175 FOR 17500 OZ (.5443 TONNES)
    For silver:
    JULY
    112 NOTICES FILED TODAY FOR
    560,000 OZ/
    Total number of notices filed so far this month: 3282 for 16,410,000 oz
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    WE HAVE NOW ENTERED OPTIONS EXPIRY WEEK:
    LONDON BASED OPTIONS EXPIRY: JULY 31.2017 AT 11AM OR SO.
    (OTC/LBMA CONTRACTS)
    Judging from the way the gold/silver shares traded today, it sure looks like the boys are going to orchestrate another humdinger of a raid against us tomorrow.

    This post was published at Harvey Organ Blog on July 27, 2017.


  • Gold Market Morning: July-27-2017: rising despite heavy U.S. gold ETF sales!

    Gold Today – New York closed the day before yesterday at $1,248.40. London opened at $1,262.00 today.
    Overall the dollar was weaker against global currencies, early today. Before London’s opening:
    – The $: was weaker at $1.1728 after the day before yesterday’s $1.1654: 1.
    – The Dollar index was weaker at 93.50 after the day before yesterday’s 93.97.
    – The Yen was unchanged at 111.25 after the day before yesterday’s 111.25:$1.
    – The Yuan was stronger at 6.7377 after the day before yesterday’s 6.7506: $1.
    – The Pound Sterling was stronger at $1.3138 after the day before yesterday’s $1.3031: 1.
    Yuan Gold Fix
    The reaction to the Fed’s inaction not just on rates but on the timing of the contraction of the Fed’s Balance Sheet, interrupted the gold price relationship between global markets. New York closed at the same level as Shanghai yesterday, but London opened at just $2.50 below Shanghai’s trading level this morning. The price differentials between the global markets were nearly eliminated on the back of the Fed’s inaction. We look today to see just how global markets interact and to see if they are really narrowing their differences.
    If you had been following our commentary in the Gold Forecaster newsletter on China and the shift of pricing power to the east, you would not have been tempted to sell your holdings of gold or silver!

    This post was published at GoldSeek on 27 July 2017.


  • JULY 26/DOVISH FED WITH ‘LACK OF INFLATION’ SENDS GOLD AND SILVER SOARING AFTER COMEX CLOSES/NORTH KOREA WILL LAUNCH ANOTHER ICBM MAYBE BY TONIGHT/USA PASSES LEGISLATION ORCHESTRATING MORE SANCTI…

    GOLD: $1249.85 DOWN $2.55
    Silver: $16.46 DOWN 9 cent(s)
    Closing access prices:
    Gold $1260.75
    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: $1254.41 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1248.40
    PREMIUM FIRST FIX: $6.01
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1252.10
    NY GOLD PRICE AT THE EXACT SAME TIME: $1245.65
    Premium of Shanghai 2nd fix/NY:$6.45
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1245.40
    NY PRICING AT THE EXACT SAME TIME: $1246.50 ???
    LONDON SECOND GOLD FIX 10 AM: $1248.10
    NY PRICING AT THE EXACT SAME TIME. $1248.15
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 14 NOTICE(S) FOR 1400 OZ.
    TOTAL NOTICES SO FAR: 171 FOR 17100 OZ (.5318 TONNES)
    For silver:
    JULY
    21 NOTICES FILED TODAY FOR
    105,000 OZ/
    Total number of notices filed so far this month: 3170 for 15,850,000 oz
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    WE HAVE NOW ENTERED OPTIONS EXPIRY WEEK:
    COMEX OPTIONS EXPIRY: TONIGHT 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 26, 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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1262.69
    NY GOLD PRICE AT THE EXACT SAME TIME: $1257.25
    Premium of Shanghai 2nd fix/NY:$5.44
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    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.


  • Gold Market Morning: July-25-2017: Gold consolidating above $1,250

    Gold Today – New York closed yesterday at $1,257.20. London opened at $1,253.00 today.
    Overall the dollar was weaker against global currencies, early today. Before London’s opening:
    – The $: was slightly weaker at $1.1654 after yesterday’s $1.1650: 1.
    – The Dollar index was slightly stronger at 93.97 after yesterday’s 93.94.
    – The Yen was weaker at 111.25 after yesterday’s 110.76:$1.
    – The Yuan was almost unchanged at 6.7506 after yesterday’s 6.7503: $1.
    – The Pound Sterling was slightly weaker at $1.3031 after yesterday’s $1.3041: 1.
    Yuan Gold Fix
    New York closed $0.50 higher than Shanghai on yesterday with London opening $7 lower than Shanghai. This keeps open arbitrage opportunities with Shanghai. Once again Shanghai is pointing the way higher for New York and London.
    Sales from the SPDR gold ETF become available for shipping to Shanghai implying that should U. S. investors want to return to physical gold they will have to pay up for it.
    Silver Today – Silver closed at $16.40 yesterday after $16.48 at New York’s close Friday.

    This post was published at GoldSeek on 25 July 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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.


  • Gold Market Morning: July-24-2017: Gold and silver markets consolidating and rising above $1,250!

    Gold Today – New York closed Friday at $1,254.30. London opened at $1,254.00 today.
    Overall the dollar was weaker against global currencies, early today. Before London’s opening:
    – The $: was slightly stronger at $1.1650 after Friday’s $1.1657: 1.
    – The Dollar index was weaker at 93.93 after Friday’s 94.09.
    – The Yen was stronger at 110.76 after Friday’s 111.69:$1.
    – The Yuan was stronger at 6.7503 after Friday’s 6.7697: $1.
    – The Pound Sterling was stronger at $1.3041 after Friday’s $1.3001: 1.
    Yuan Gold Fix
    New York closed nearly $8.00 higher than Shanghai on Friday with London opening only $3 less than Shanghai. If this persists this week with the differentials narrowing as they are, then we will have confirmation that arbitrageurs are proving successful in smoothing out the differences between the global gold markets.
    This is a structural change in the global gold market and allows a considerably greater influence of the physical gold market [primarily Shanghai] to impact the gold price and diminish the impact of the ‘paper gold markets of COMEX and the ‘paper’ side of the London gold market, across the world.

    This post was published at GoldSeek on 24 July 2017.


  • July 21/GOLD BREAKS ABOVE THE 1240-1250 RESISTANCE TO CLOSE AT $1254.75/SILVER UP 11 CENTS AT $16.49/THE BIG 3 GERMAN AUTOMAKERS CAUGHT IN ANTI TRUST ACTIONS;BIG FINES WILL BE COMING SHORTLY/TRUM…

    GOLD: $1254.75 UP $8.75
    Silver: $16.49 UP 11 cent(s)
    Closing access prices:
    Gold $1255.10
    silver: $16.54
    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: $1253.46 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1245.60
    PREMIUM FIRST FIX: $7.86

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


  • Market Talk- July 21st, 2017

    We did eventually see a mixed close in US with the NASDAQ setting new gains but the late rally failed to convince Asian markets of the rally and having seen ECB unchanged, we saw Asian indices small down. It was a reasonably light session to close the week as main core markets drifted. The Nikkei watched the yen trade better (last seen trading towards the 110 handle) so having a negative effect on stocks resulting in a negative -0.2% close. Shanghai and Hang Seng gave a little back also after the recent consistent positive momentum, which is a fair performance when considering recent currency strength. Top talking points were surrounding the disconnect between the bond and stock markets, but also the weakness in the USD and the strength in gold. The USD has been losing support as we approach an almost 2% decline against the Euro but that is having a significant effect on European stocks.
    As Mario Draghi has kept the currency going the negative effects are being seen on equities, and a resurgence of bond spread tightening. It appears the fixed-income market is being the adult in the room seeing the road clear to continue the carry tightening play. That said, US stocks have held in well as earnings plays its supporting role but we should have a clearer picture next week when we hear from the Federal Reserve. Core markets closed with almost 2% declines which for foreign investors is really starting to hurt even providing for the recent euro rally.

    This post was published at Armstrong Economics on Jul 21, 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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1246.52
    NY GOLD PRICE AT THE EXACT SAME TIME: $1238.10
    Premium of Shanghai 2nd fix/NY:$8.42
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    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
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.


  • Overnight Paper Attack On Gold – Why This One Was Different

    Once again there was an overnight ‘flash crash’ in Comex gold futures trading. This time it occurred at 3:56 a.m. EST at one of the quietest trading periods of the roughly 23 hour electronic trading day. India has gone sleep. The Shanghai Gold Exchange has been closed for about 90 minutes and the London markets are just beginning to function. I guess someone decided it was a good time to unload close $500 million worth of paper gold into the Comex’s Globex electronic trading system:

    This post was published at Investment Research Dynamics on July 19, 2017.


  • JULY 19/ANOTHER HUGE 5.32 TONNES OF GOLD WITHDRAWAL FROM THE GLD DESPITE GOLD’S SMALL ADVANCE/NO CHANGE IN SILVER INVENTORY AT THE SLV/FOR THE LAST 4 DAYS: 16.26 TONNES OF GOLD HAVE BEEN WITHDRAW…

    GOLD: $1242.50 UP $0.50
    Silver: $16.33 UP 4 cent(s)
    Closing access prices:
    Gold $1241.00
    silver: $16.28
    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: $1250.26 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1241.50
    PREMIUM FIRST FIX: $8.76
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1249.51
    NY GOLD PRICE AT THE EXACT SAME TIME: $1240.90
    Premium of Shanghai 2nd fix/NY:$8.61
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1239.85
    NY PRICING AT THE EXACT SAME TIME: $1239.30
    LONDON SECOND GOLD FIX 10 AM: $1242.15
    NY PRICING AT THE EXACT SAME TIME. $1241.25
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 25 NOTICE(S) FOR 2500 OZ.
    TOTAL NOTICES SO FAR: 149 FOR 14900 OZ (.4634 TONNES)
    For silver:
    JULY
    32 NOTICES FILED TODAY FOR
    160,000 OZ/
    Total number of notices filed so far this month: 2922 for 14,610,000 oz

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


  • Gold and Silver Market Morning: July 19 2017 – Gold and silver markets continue to climb but the pace may slow!

    Gold Today – New York closed yesterday at $1,242.10. Londonopened at $1,239.00 today.
    Overall the dollar was stronger against global currencies, early today. Before London’s opening:
    – The $: was stronger at $1.1532 after yesterday’s $1.1559: 1.
    – The Dollar index was slightly stronger at 94.77 after yesterday’s94.64.
    – The Yen was stronger at 111.94 after yesterday’s 112.44:$1.
    – The Yuan was weaker at 6.7549 after yesterday’s 6.7481: $1.
    – The Pound Sterling was slightly stronger at $1.3033 afteryesterday’s $1.3026: 1.
    Yuan Gold Fix
    New York closed $2.78 lower than Shanghai’s close yesterday, with London opening today at a discount to Shanghai’s trading today of $8.22, a slightly widening discount to Shanghai. But London is being pulled up by Shanghai. Chinese demand is sufficient to lift prices there, despite the slower rise in the gold price in London. This bodes well for more rises in London and New York.

    This post was published at GoldSeek on 19 July 2017.


  • JULY 18/TRUMPCARE COLLAPSES WHICH CAUSES THE DOLLAR TO DRAMATICALLY FALL: THIS RESULTS IN GOLD RISING $7.50 AND SILVER ANOTHER 16 CENTS/FOR THE 3RD CONSECUTIVE DAY, GOLD RISES AND YET MASSIVE AMO…

    GOLD: $1242.00 UP $7.50
    Silver: $16.29 UP 16 cent(s)
    Closing access prices:
    Gold $1243.00
    silver: $16.28
    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: $1247.67 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1237.65
    PREMIUM FIRST FIX: $10.02
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1247.08
    NY GOLD PRICE AT THE EXACT SAME TIME: $1237.55
    Premium of Shanghai 2nd fix/NY:$9.53
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1237.10
    NY PRICING AT THE EXACT SAME TIME: $1237.45
    LONDON SECOND GOLD FIX 10 AM: $1240.75
    NY PRICING AT THE EXACT SAME TIME. $1240.95
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 4 NOTICE(S) FOR 400 OZ.
    TOTAL NOTICES SO FAR: 124 FOR 12400 OZ (.3856 TONNES)
    For silver:
    JULY
    24 NOTICES FILED TODAY FOR
    120,000 OZ/
    Total number of notices filed so far this month: 2890 for 14,450,000 oz

    This post was published at Harvey Organ Blog on July 18, 2017.


  • Gold and Silver Market Morning: July 18 2017 – Gold and silver markets continue to climb!

    Gold Today – New York closed yesterday at $1,234.00. Londonopened at $1,237.00 today.
    Overall the dollar was much weaker against global currencies, early today. Before London’s opening:
    – The $: was much weaker at $1.1559 after yesterday’s $1.1457: 1.
    – The Dollar index was much weaker at 94.64 after yesterday’s95.21.
    – The Yen was stronger at 112.14 after yesterday’s 112.44:$1.
    – The Yuan was much stronger at 6.7481 after yesterday’s 6.7704:$1.
    – The Pound Sterling was weaker at $1.3026 after yesterday’s $1.3066: 1.
    Yuan Gold Fix
    New York closed $2 lower than Shanghai’s close yesterday, with London opening today at a discount to Shanghai’s trading today of $7.10, the same discount to Shanghai we saw yesterday. But London is being pulled up by Shanghai. Shanghai in turn was pulling back today from its high as the Yuan strengthened, bringing Shanghai’s gold price to the same differential as it had yesterday.

    This post was published at GoldSeek on 18 July 2017.


  • JULY 17/GOLD RISES $4.20/SILVER UP ANOTHER 17 CENTS/GLD LOSES ANOTHER 1.77 TONNES DESPITE GOLD’S GAIN!!/CHINESE SMALL CAPS CRASH LAST NIGHT/ITALY CANNOT HANDLE ANY MORE MIGRANTS: GIVES THE EU AN …

    GOLD: $1234.50 UP $4.20
    Silver: $16.13 UP 17 cent(s)
    Closing access prices:
    Gold $1234.50
    silver: $16.13
    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: $1241.75 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1231.60
    PREMIUM FIRST FIX: $10.15
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1241.37
    NY GOLD PRICE AT THE EXACT SAME TIME: $1231.00
    Premium of Shanghai 2nd fix/NY:$10.37
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1229.85
    NY PRICING AT THE EXACT SAME TIME: $1230.45
    LONDON SECOND GOLD FIX 10 AM: $1234.10
    NY PRICING AT THE EXACT SAME TIME. $1234.45
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 3 NOTICE(S) FOR 300 OZ.
    TOTAL NOTICES SO FAR: 120 FOR 12000 OZ (.3732 TONNES)
    For silver:
    JULY
    51 NOTICES FILED TODAY FOR
    255,000 OZ/
    Total number of notices filed so far this month: 2866 for 14,330,000 oz

    This post was published at Harvey Organ Blog on July 17, 2017.


  • China Small Caps Crash To Lowest Since 2015 Amid Deleveraging “Selling Panic”

    Despite China reporting solid economic data on Monday, with beats across the board in everything from retail sales, fixed asset investment, industrial production and GDP printing at 6.9% and on track for its first annual increase since 2010…

    … despite the biggest net liquidity injection by the PBOC since mid June after the central bank injected a net 130 billion yuan, and despite yet another rebound in the Yuan, overnight China’s Shanghai Composite slumped by 1.4%, the most since December as a result of a plunge in the small-cap ChiNext index, which tumbled by 5.1%, and is now down 16% in 2017 to levels not seen since January 2015 following a fresh round of broad deleveraging amid concerns about tougher regulations and more IPOs following a high-level conference over the weekend attended by President Xi Jinping in which China hinted at the formation of a “super-regulator”.

    This post was published at Zero Hedge on Jul 17, 2017.


  • Can’t Afford A Shanghai Apartment? Try Sleeping In A “Shared Compartment”

    Shanghai’s status as an emerging tech hub is bringing with it problems related to overcrowding experienced by US cities like San Francisco and certain parts of New York City – namely out-of-control rents and home prices.
    But now, the cities’ mid-tier office drones, some of whom may not have enough cash saved to ‘commit’ to an apartment, have a new low-cost housing alternative. They’re called shared compartments, and they’re are popping up in office buildings around Shanghai. Users pay to sleep in the compartments for a set amount of time. They’re given disposable bedding to make sleeping more comfortable, and the compartments are disinfected automatically by ultraviolet light after each use.

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


  • July 14/Poor CPI numbers coupled with poor retail sales sends gold and silver northbound with the dollar sinking/Turkey turns its back on the West: purchases defense missiles from Russia/Turkey w…

    GOLD: $1230.30 UP $12.00
    Silver: $15.96 UP 21 cent(s)
    Closing access prices:
    Gold $1228.50
    silver: $15.96
    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: $1226.61 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1216.15
    PREMIUM FIRST FIX: $10.46

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


  • JULY 13/GOLD DOWN $1.50/SILVER IS DOWN 18 CENTS/AGAIN AT THE SILVER COMEX THE AMOUNT STANDING INCREASES BY 245,000 OZ/TOTAL SILVER STANDING: 14.560 MILLION OZ/REPUBLICANS INTRODUCE A NEW HEALTHCA…

    GOLD: $1218.30 DOWN $1.50
    Silver: $15.75 DOWN 18 cent(s)
    Closing access prices:
    Gold $1217.50
    silver: $15.72
    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: $1233.33 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1221.90
    PREMIUM FIRST FIX: $11.43
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1232.90
    NY GOLD PRICE AT THE EXACT SAME TIME: $1222.85
    Premium of Shanghai 2nd fix/NY:$10.05
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1221.40
    NY PRICING AT THE EXACT SAME TIME: $1222.20
    LONDON SECOND GOLD FIX 10 AM: $1218.90
    NY PRICING AT THE EXACT SAME TIME. $1219.30
    For comex gold:
    JULY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 52 NOTICE(S) FOR 5200 OZ.
    TOTAL NOTICES SO FAR: 115 FOR 11500 OZ (.3576 TONNES)
    For silver:
    JULY
    50 NOTICES FILED TODAY FOR
    250,000 OZ/
    Total number of notices filed so far this month:
    2807 for 14,035,000 oz

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