• Tag Archives Shanghai
  • Market Talk- September 22nd, 2017

    The Australian ASX was probably over-sold yesterday and therefore stood as the only core that performed today. Closing up +0.5% was a healthy recovery after yesterdays 1% decline. China’s downgrade put a small dent in confidence for the cash markets which took the Hang Seng down
    -0.8% while the Shanghai closed with just small loss. Geopolitical risks remain present after US President Donal Trump signed to expand measurers to target North Korean trade. the Nikkei although closed lower (-0.25%) was off of its earlier lows as news of the speech-plays increased between the two nations. Having seen gold break the psychological $1300 mark yesterday, today we traded comfortably below that level all day. The Yen has dipped back below 112 again as talks of possible missile launches were circulating ahead of the weekend.

    This post was published at Armstrong Economics on Sep 22, 2017.


  • SEPT 22A/SENATOR MCCAIN DITCHES LAST ATTEMPT AT REAP OF OBAMACARE AND THAT SENDS GOLD AND SILVER HIGHER/ GOLD ENDS THE DAY UP $1.70 BUT SILVER DOWN 5 CENTS/ BOTH GOLD AND SILVER COT IS GOOD FOR A…

    GOLD: $1294.45 UP $1.70
    Silver: $16.95 DOWN 5 CENT(S)
    Closing access prices:
    Gold $1297.50
    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: $1303.72 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1295.85
    PREMIUM FIRST FIX: $7.87 (premiums getting larger)
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    SECOND SHANGHAI GOLD FIX: $1306.41
    NY GOLD PRICE AT THE EXACT SAME TIME: $1296.60
    Premium of Shanghai 2nd fix/NY:$9.81 (premiums getting larger)

    This post was published at Harvey Organ Blog on September 22, 2017.


  • SEPT 21/USA YIELD CURVE FLATTENS INDICATING RECESSION: GOES AGAINST THE WISHES OF THE FED/GOLD AND SILVER RAID CONTINUES BY OUR BANKERS WITH GOLD DOWN $19.95 AND SILVER DOWN 29 CENTS/HUGE SANCTIO…

    GOLD: $1292.75 DOWN $19.95
    Silver: $17.00 DOWN 29 CENT(S)
    Closing access prices:
    Gold $1291.60
    silver: $16.97
    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: $1303.97 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1299.20
    PREMIUM FIRST FIX: $4.77
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    SECOND SHANGHAI GOLD FIX: $1302.97
    NY GOLD PRICE AT THE EXACT SAME TIME: $1298.20
    Premium of Shanghai 2nd fix/NY:$4.77
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    LONDON FIRST GOLD FIX: 5:30 am est $1297.35
    NY PRICING AT THE EXACT SAME TIME: $12.96.08
    LONDON SECOND GOLD FIX 10 AM: $1291.80
    NY PRICING AT THE EXACT SAME TIME. 1291.80
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 29 NOTICE(S) FOR 2900 OZ.
    TOTAL NOTICES SO FAR: 83 FOR 8300 OZ (0.2581 TONNES)
    For silver:
    SEPTEMBER
    225 NOTICES FILED TODAY FOR
    1,125,000 OZ/
    Total number of notices filed so far this month: 6,106 for 30,530,000 oz

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


  • SEPT 20/BANKERS SET UP ANOTHER GOLD AND SILVER RAID ON THE CLOWNS FOMC BALANCE RUNOF/YIELD CURVE FLATTENS WITH THE FOMC ANNOUNCEMENT INDICATING FED FAILING POLICY/DEVASTATION IN BOTH MEXICO AND P…

    GOLD: $1312.75 UP $5.25
    Silver: $17.29 UP 5 CENT(S)
    Closing access prices:
    Gold $1300.00
    silver: $17.15
    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: $1316.24 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1312.70
    PREMIUM FIRST FIX: $3.54
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    SECOND SHANGHAI GOLD FIX: $1318.43
    NY GOLD PRICE AT THE EXACT SAME TIME: $1313.85
    Premium of Shanghai 2nd fix/NY:$4.58
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    LONDON FIRST GOLD FIX: 5:30 am est $1314.90
    NY PRICING AT THE EXACT SAME TIME: $1315.20
    LONDON SECOND GOLD FIX 10 AM: $1311.30
    NY PRICING AT THE EXACT SAME TIME. 1311.80
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
    TOTAL NOTICES SO FAR: 54 FOR 5400 OZ (0.1679 TONNES)
    For silver:
    SEPTEMBER
    71 NOTICES FILED TODAY FOR
    355,000 OZ/
    Total number of notices filed so far this month: 5,881 for 29,405,000 oz

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


  • SEPT 19/GOLD AND SILVER HOLD: GOLD UP 15 CENTS AND SILVER UP 10 CENTS/GLD INVENTORY ADVANCES ANOTHER 2.07 TONNES/GIANT EARTHQUAKE HITS CLOSE TO MEXICO CITY/HURRICANE MARIE, A CAT 4 IS HEADING STR…

    GOLD: $1307.50 UP $0.15
    Silver: $17.24 UP 10 CENT(S)
    Closing access prices:
    Gold $1311.00
    silver: $17.30
    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: $1313.30 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1307.00
    PREMIUM FIRST FIX: $6.30
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    SECOND SHANGHAI GOLD FIX: $1315.17
    NY GOLD PRICE AT THE EXACT SAME TIME: $1308.60
    Premium of Shanghai 2nd fix/NY:$6.57
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    LONDON FIRST GOLD FIX: 5:30 am est $1308.45
    NY PRICING AT THE EXACT SAME TIME: $1308.70
    LONDON SECOND GOLD FIX 10 AM: $1309.60
    NY PRICING AT THE EXACT SAME TIME. 1310.30
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
    TOTAL NOTICES SO FAR: 54 FOR 5400 OZ (0.1679 TONNES)
    For silver:
    SEPTEMBER
    133 NOTICES FILED TODAY FOR
    665,000 OZ/
    Total number of notices filed so far this month: 5,810 for 29,050,000 oz

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


  • SEPT 18/ANOTHER RAID/GOLD DOWN $14.05 AND SILVER DOWN 50 CENTS/OPEN INTEREST IN SILVER RISES DESPITE FRIDAY’S WHACK/USA ACCUSED CHINA OF UPSETTING THE GLOBAL TRADING SYSTEM AS INTEND ON DECLARING…

    GOLD: $1307.35 DOWN $14.05
    Silver: $17.14 DOWN 50 CENT(S)
    Closing access prices:
    Gold $1307.40
    silver: $17.20
    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: $1325.89 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1319.40
    PREMIUM FIRST FIX: $6.49
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    SECOND SHANGHAI GOLD FIX: $1319.20
    NY GOLD PRICE AT THE EXACT SAME TIME: $1316.20
    Premium of Shanghai 2nd fix/NY:$3.00
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    LONDON FIRST GOLD FIX: 5:30 am est $1314.40
    NY PRICING AT THE EXACT SAME TIME: $1312.10
    LONDON SECOND GOLD FIX 10 AM: $1312.10
    NY PRICING AT THE EXACT SAME TIME. 1312.35
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
    TOTAL NOTICES SO FAR: 54 FOR 5400 OZ (0.1679 TONNES)
    For silver:
    SEPTEMBER
    198 NOTICES FILED TODAY FOR
    990,000 OZ/
    Total number of notices filed so far this month: 5,677 for 28,385,000 oz

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


  • How Rich Chinese Use Visa Fixers To Move To The U.S.

    Have a spare $500,000 to invest in an economically distressed American area (that actually isn’t distressed at all)? China’s EB-5 fixers will help you every step of the way…
    ***
    One summer Saturday in 2013, Vivian Ding took the stage in the grand ballroom of Shanghai’s Shangri-La Hotel to hold forth on a subject in which she was both an expert and an inspiration: emigrating to the U. S.
    Tall, with a commanding presence, Ding is what you might get if Tony Robbins were a Chinese woman capable of both pumping up a cavernous ballroom and filling out an I-526, the Immigrant Petition by Alien Entrepreneur form. Standing next to a 6-foot-high pyramid draped in black velvet, she recounted her own move to America and described the prestigious U. S. high school her daughters attended, thanks to a program that lets immigrants invest in new commercial enterprises in exchange for permanent residency visas – green cards. The cloth was pulled to reveal a model of a Manhattan building: the glassy residences on the Hudson River now known as Via 57 West. Sign a contract that day to lend $500,000, help build a ‘landmark for mankind’ – and take home a prize, Ding implored the audience. That day, the prize was an iPad mini.

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


  • Market Talk- September 15th, 2017

    North Korea spooked markets yet again by launching a missile that reported flew over Japan, which came a day after North Korea claimed it would sink Japan. The events were short-livid however and after a brief flight to safety in gold, treasuries and the Yen markets quickly corrected back. The JPY traded into the low 110’s but by US trading had drifted into the 111’s. Gold did have a bid in Asian trading but by the late US session was testing $1320. The recovery had already taken place by the time Asia closed with the Nikkei closing in positive territory (+0.55%) with exporters and financials setting the pace. The Australian ASX closed down -0.8% led by industrials and miners. SENSEX and Hang Seng were both little changed but we saw a positive return for the core Shanghai index closing up +0.55% as the Yuan drifted again.

    This post was published at Armstrong Economics on Sep 15, 2017.


  • SEPT 15/YOUR USUAL FRIDAY WHACKING ON GOLD AND SILVER/GOLD DOWN $4.25 AND SILVER WAS DOWN 13 CENTS/OPEN INTEREST IN SILVER CONTINUES TO RISE COUPLED WITH ANOTHER 845,000 OZ GAIN IN AMOUNT STANDIN…

    GOLD: $1321.40 DOWN $4.25
    Silver: $17.64 DOWN 13 CENT(S)
    Closing access prices:
    Gold $1320.30
    silver: $17.61
    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: $1334.30 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1331.30
    PREMIUM FIRST FIX: $3.00
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    SECOND SHANGHAI GOLD FIX: $1332.13
    NY GOLD PRICE AT THE EXACT SAME TIME: $1329.95
    Premium of Shanghai 2nd fix/NY:$2.18

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


  • SEPT 14/CHINA TO STOP ALL BITCOIN EXCHANGES (GOOD FOR GOLD/SILVER)/REUTERS CONFIRMS THAT NORTH KOREA SET TO LAUNCH AN ICBM: BOTH NEWS PROPEL GOLD/ GOLD RISES $1.15 BUT SILVER DOWN 2 CENTS/CHINA M…

    GOLD: $1325.65 UP $1.15
    Silver: $17.77 DOWN 2 CENT(S)
    Closing access prices:
    Gold $1329.95
    silver: $17.80
    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: $1328.81 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1321.40
    PREMIUM FIRST FIX: $7.41
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    SECOND SHANGHAI GOLD FIX: $1323.20
    NY GOLD PRICE AT THE EXACT SAME TIME: $1321.30
    Premium of Shanghai 2nd fix/NY:$4.82
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    LONDON FIRST GOLD FIX: 5:30 am est $1323.20
    NY PRICING AT THE EXACT SAME TIME: $1322.85
    LONDON SECOND GOLD FIX 10 AM: $1324.55
    NY PRICING AT THE EXACT SAME TIME. 1325.25
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
    TOTAL NOTICES SO FAR: 54 FOR 5400 OZ (0.1679 TONNES)
    For silver:
    SEPTEMBER
    355 NOTICES FILED TODAY FOR
    1,775,000 OZ/
    Total number of notices filed so far this month: 5,253 for 26,265,000 oz

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


  • 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
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    end
    Let us have a look at the data for today
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    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.


  • SEPT 12/GOLD AND SILVER HOLD AFTER RELENTLESS ATTACKS BY THE BANKS: GOLD DOWN ONLY $2.95 AND SILVER IS DOWN ONLY 1 CENT/EU TRYING TO EXTRACT A HUGE PENALTY FROM THE UK FOR BREXIT/ENGLAND BALKS/HU…

    GOLD: $1328.60 DOWN $2.95
    Silver: $17.83 DOWN 1 CENT(S)
    Closing access prices:
    Gold $1331.75
    silver: $17.89
    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: $1342.23 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1337.40
    PREMIUM FIRST FIX: $4.83
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    SECOND SHANGHAI GOLD FIX: $1330.58
    NY GOLD PRICE AT THE EXACT SAME TIME: $1326.25
    Premium of Shanghai 2nd fix/NY:$4.33
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    LONDON FIRST GOLD FIX: 5:30 am est $1326.25
    NY PRICING AT THE EXACT SAME TIME: $1326.00
    LONDON SECOND GOLD FIX 10 AM: $1326.50
    NY PRICING AT THE EXACT SAME TIME. 1326.80
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR 0 OZ.
    TOTAL NOTICES SO FAR: 51 FOR 5100 OZ (0.1586 TONNES)
    For silver:
    SEPTEMBER
    158 NOTICES FILED TODAY FOR
    790,000 OZ/
    Total number of notices filed so far this month: 4,634 for 23,170,000 oz

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


  • SEPT 11/IRMA NOT AS DEADLY AS HARVEY BUT STILL HALF THE STATE OF FLORIDA HAS NO POWER/ NOW CHARLESTON SC AND JACKSONVILLE UNDER WATER/ SAUDI ARABIA’S CROWN PRINCE SUPPOSEDLY VISITED ISRAEL AS BOT…

    GOLD: $1331.55 DOWN $15.05
    Silver: $17.84 DOWN 19 CENT(S)
    Closing access prices:
    Gold $1327.50
    silver: $17.80
    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: $1342.23 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1337.40
    PREMIUM FIRST FIX: $4.83
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1339.31
    NY GOLD PRICE AT THE EXACT SAME TIME: $1336.40
    Premium of Shanghai 2nd fix/NY:$2.91
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    LONDON FIRST GOLD FIX: 5:30 am est $1338.75
    NY PRICING AT THE EXACT SAME TIME: $1338.60
    LONDON SECOND GOLD FIX 10 AM: $1334.20
    NY PRICING AT THE EXACT SAME TIME. 1334.50
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR 0 OZ.
    TOTAL NOTICES SO FAR: 51 FOR 5100 OZ (0.1586 TONNES)
    For silver:
    SEPTEMBER
    388 NOTICES FILED TODAY FOR
    1,940,000 OZ/
    Total number of notices filed so far this month: 4,476 for 22,380,000 oz

    This post was published at Harvey Organ Blog on September 11, 2017.


  • Gold-Backed, Yuan-Denominated Oil Futures Could Dethrone US Petrodollar

    A recent move by China could take a big step toward dethroning the US petrodollar.
    The Chinese have announced the launch of a gold-backed, yuan-denominated oil futures contract. The move potentially creates a way for oil exporters to circumvent US dollar denominated benchmarks by trading in yuan. The contracts will be priced in yuan, but convertible to gold. An article in the Nikki Asian Review explains the significance of the move.
    The contract could become the most important Asia-based crude oil benchmark, given that China is the world’s biggest oil importer. Crude oil is usually priced in relation to Brent or West Texas Intermediate futures, both denominated in US dollars. China’s move will allow exporters such as Russia and Iran to circumvent US sanctions by trading in yuan. To further entice trade, China says the yuan will be fully convertible into gold on exchanges in Shanghai and Hong Kong.’
    The stability of gold is the key to China’s drive to dethrone the petrodollar

    This post was published at Schiffgold on SEPTEMBER 11, 2017.


  • SEPT 8/ANOTHER MINI FLASH CRASH ON GOLD AND SILVER FAILS AGAIN/GOLD STILL UP $1.10 BUT SILVER RETREATS BY ONE CENT/ISRAEL STRIKES INTO SYRIA DESTROYING A CHEMICAL FACTORY BUT DOES SO ON THE LEBAN…

    GOLD: $1346.60 UP $1.10
    Silver: $18.03 DOWN 1 CENT(S)
    Closing access prices:
    Gold $1349.50
    silver: $18.12
    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: $1355.02 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1348.95
    PREMIUM FIRST FIX: $6.07
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1353.46
    NY GOLD PRICE AT THE EXACT SAME TIME: $1353.50
    Premium of Shanghai 2nd fix/NY:$0.00

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


  • SEPT 7GOLD AND SILVER BOTH STYMIE EFFORTS BY THE BANKERS ON THEIR MINI RAID YESTERDAY: GOLD RISES BY $4.35 AND SILVER FINALLY BREAKS ABOVE $18.00 TO CLOSE AT $18.04 UP 18 CENTS/ DRAGHI SENDS CONF…

    GOLD: $1345.50 UP $4.35
    Silver: $18.04 UP 18 CENT(S)
    Closing access prices:
    Gold $1349.50
    silver: $18.12
    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: $1339.47 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1334.25
    PREMIUM FIRST FIX: $5.22
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1347.91
    NY GOLD PRICE AT THE EXACT SAME TIME: $1335.00
    Premium of Shanghai 2nd fix/NY:$12.91
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1340.45
    NY PRICING AT THE EXACT SAME TIME: $1339.60
    LONDON SECOND GOLD FIX 10 AM: $1343.50
    NY PRICING AT THE EXACT SAME TIME. 1343.20
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 2 NOTICE(S) FOR 200 OZ.
    TOTAL NOTICES SO FAR: 51 FOR 5100 OZ (0.1586 TONNES)
    For silver:
    SEPTEMBER
    440 NOTICES FILED TODAY FOR
    2,200,000 OZ/
    Total number of notices filed so far this month: 3,518 for 17,590,000 oz

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


  • Mutiny “For” The Bounty?

    China recently announced they will trade oil for yuan ‘backed’ by gold. The story has gotten some press (none of it mainstream mind you), and many have questions as to what it really means. While quite complicated as a whole, when you break this down into pieces I believe it is a quite simple and logical end to Bretton Woods.
    For a background, China has had an exchange open for about a year where gold can be purchased with yuan, though the volumes so far have been miniscule to this point. China has also been all over the world inking trade deals (in yuan) and investing in all sorts of resources from oil to gold to grains, they have made no secret about this. With the most recent example here. They have trade arrangements and treaties with Russia, Iran and many other non Western nations. They have also ‘courted’ many Western nations privately (remember their meeting with the King of Saudi Arabia?) and actually lured many with their ‘Silk Road’ plans via the AIIB which was huge news last year (but nearly forgotten by Americans at this point?). We also know China has been a huge importer of gold for the last 4-5 years and done so publicly via Shanghai receipts and deliveries.
    So what exactly does ‘oil for yuan’ mean? In my opinion, China is basically leading a ‘mutiny FOR the bounty’ (we’ll explain this shortly). The only things holding the dollar up from outright death for many years has been the oil trade (and other trade commerce) between nations and settled in dollars. Anyone wanting to buy oil had to first buy dollars in order to pay for the trade. Anyone getting out of step and suggesting they would accept currency other than dollars was dealt with swiftly and harshly (think Saddam and Mohamar). In other words, the U. S. military ‘enforced’ the deal Henry Kissinger made with the Middle East (lead by Saudi Arabia) where ALL oil was settled in dollars. International trade settlement alone supported the dollar after the Nixon administration defaulted on its promise to exchange one ounce of gold for $35.

    This post was published at JSMineSet on September 6th, 2017.


  • SEPT 6/SMALL FLASH CRASH KNOCKS GOLD DOWN $4.90 TO $1334.14 AND SILVER DOWN ONE CENT TO $17.86/USA TELLS UN ITS 5 WISHES TO CURTAIL KIM OF WHICH BOTH RUSSIAN AND CHINA DISAGREE WITH THOSE SANCTIO…

    GOLD: $1334.15 DOWN $4.90
    Silver: $17.86 DOWN 1 CENT(S)
    Closing access prices:
    Gold $1334.20
    silver: $17.88
    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: $1342.93 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1339.90
    PREMIUM FIRST FIX: $3.03
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    SECOND SHANGHAI GOLD FIX: $1344.02
    NY GOLD PRICE AT THE EXACT SAME TIME: $1338.00
    Premium of Shanghai 2nd fix/NY:$6.02
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    LONDON FIRST GOLD FIX: 5:30 am est $1340.15
    NY PRICING AT THE EXACT SAME TIME: $1339.90
    LONDON SECOND GOLD FIX 10 AM: $1337.85
    NY PRICING AT THE EXACT SAME TIME. 1338.85 ???
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
    TOTAL NOTICES SO FAR: 49 FOR 4900 OZ (0.1524 TONNES)
    For silver:
    SEPTEMBER
    160 NOTICES FILED TODAY FOR
    800,000 OZ/
    Total number of notices filed so far this month: 3,078 for 15,390,000 oz

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


  • Gold Bullion +16% YTD vs Weak Dollar Yet European Gold ETFs Grow Faster

    Gold bullion held $5 below yesterday’s late spike to 12-month highs in Asian and London action on Wednesday, trading at $1340 per ounce after a key US Fed policymaker said weak inflation warns against raising interest rates and new data showed gold-backed ETFs expanding strongly in August.
    Consumer demand and physical buying in the wholesale bullion market remained weak, however, with the Shanghai premium, over and above comparable London quotes, slipping below $3 per ounce as the Chinese Yen rose to new 14-month highs against the Dollar.
    That was the weakest level incentive for new gold bullion imports to China – the world’s No.1 miner, importer and consumer market – since September last year, and barely 30% of the last 18 months’ average.
    Demand in the No.2 consumer market of India also remained weak Wednesday as prices rose for a fifth day running, with dealers reporting wider discounts to the global benchmark of London quotes from last week’s $6 level despite the approaching peak festival season.
    Asian stock markets meantime followed New York lower after Tuesday’s drop in US equities as reports said North Korea’s latest nuclear weapons tests “caused numerous and widespread landslides“.

    This post was published at FinancialSense on 09/06/2017.


  • SEPTEMBER 5/CHINA TO START A PETRO-YUAN BACKED BY GOLD/NORTH KOREA FIRES A HYDROGEN BOMB TEST/GOLD RISES TO $1339.65 FOR A GAIN OF $13.45 AND SILVER GAINS 14 CENTS UP TO $17.87/HURRICANE IRMA WIL…

    GOLD: $1339.05 UP $13.45
    Silver: $17.87 UP 14 CENT(S)
    Closing access prices:
    Gold $1339.90
    silver: $17.90
    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: $1339.89 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1336.42
    PREMIUM FIRST FIX: $3.47

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