NOV 10/GOLD DROPS $13.00 AND SILVER FALLS BY 11 CENTS AS THE BANKERS UNLOAD A HUGE $4 BILLION NAKED COMEX GOLD SHORT/BITCOIN DROPS A HUGE $718.00/CHINA WILL NOW OFFICIALLY ALLOW FOREIGNERS TO TAK…

GOLD: $1274.00 UP $13.00
Silver: $16.89 DOWN 11 cents
Closing access prices:
Gold $1276.20
silver: $16.91
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: $1293.33 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1285.70
PREMIUM FIRST FIX: $7.63
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1292.60
NY GOLD PRICE AT THE EXACT SAME TIME: $1284.45
Premium of Shanghai 2nd fix/NY:$8.15

This post was published at Harvey Organ Blog on November 10, 2017.

NOV 9/GOLD WITHSTANDS ANOTHER ATTACK FROM THE BANKERS AS IT RISES BY $3.25/SILVER HOWEVER DOWN 11 CENTS/NIKKEI SWOONS 800 POINTS BEFORE BEING RESCUED BY THEIR PPT/SAUDI ARABIA, KUWAIT AND UAE ALL…

GOLD: $1287.00 UP $3.25
Silver: $17.00 DOWN 11 cents
Closing access prices:
Gold $1285.50
silver: $16.99
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: $1289.93 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1281.60
PREMIUM FIRST FIX: $8.33(premiums getting LARGER AGAIN)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1293.60
NY GOLD PRICE AT THE EXACT SAME TIME: $1283.70
Premium of Shanghai 2nd fix/NY:$9.90 PREMIUMS GETTING LARGER AGAIN)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1284.40
NY PRICING AT THE EXACT SAME TIME: $1283.95
LONDON SECOND GOLD FIX 10 AM: $1284.80
NY PRICING AT THE EXACT SAME TIME. 1284.60
For comex gold:
NOVEMBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 2 NOTICE(S) FOR 200 OZ.
TOTAL NOTICES SO FAR: 975 FOR 97,500 OZ (3.032TONNES)
For silver:
NOVEMBER
5 NOTICE(S) FILED TODAY FOR
25,000 OZ/
Total number of notices filed so far this month: 869 for 4,345,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: BID $7119 OFFER /$7149 DOWN $328.00 (MORNING)
BITCOIN CLOSING; BID $7192 OFFER: 7217 // DOWN $265.00
end
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest FELL BY A CONSIDERABLE 1386 contracts from 208,500 DOWN TO 201,944 DESPITE YESTERDAY’S TRADING IN WHICH SILVER ROSE BY A RATHER LARGE 16 CENTS. THIS TIME WE HAD OVER 1000 EFP’S ISSUED BY OUR BANKERS IN SILVER FOR DECEMBER DUE TO THEIR ‘EMERGENCY SITUATION’ WHERE THEY DO NOT HAVE ENOUGH METAL TO SERVE UPON OUR LONGS. OUR LONGS AT THE COMEX RECEIVE A FIAT BONUS PLUS A DELIVERABLE PRODUCT AT A DIFFERENT EXCHANGE AND THAT NO DOUBT IS LONDON. THIS IS THE EARLIEST THAT I HAVE SEEN THAT EFP’S HAVE BEEN ISSUED FOR AN UPCOMING DELIVERY MONTH. GENERALLY IT IS GOLD THAT IS THE MEGA RECIPIENT OF EFP’S WITH SILVER MUCH SMALLER. SO NO DOUBT WE WILL SEE HUGE AMOUNTS OF EFP’S ISSUED WITHIN A WEEK OF FIRST DAY NOTICE.
RESULT: A GOOD SIZED DROP IN OI COMEX DESPITE THE CONSIDERABLE 16 CENT PRICE RISE. COMEX LONGS EXITED OUT OF THE COMEX WITH OVER 1000 EFP’S ISSUED FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS.
In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.009 BILLION TO BE EXACT or 144% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT OCT MONTH/ THEY FILED: 5 NOTICE(S) FOR 25,000 OZ OF SILVER
In gold, the open interest FELL BY A TINY 453 CONTRACTS DESPITE THE GOOD SIZED RISE IN PRICE OF GOLD ($8.35) WITH YESTERDAY’S TRADING . WE MAY HAVE HAD SOME MINOR BANKER SHORT COVERING IN GOLD. The new OI for the gold complex rests at 536,390. NEWBIE LONGS RE-ENTERED THE ARENA TO WHICH THE BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.. OUR BANKERS WERE MAY HAVE BEEN SUCCESSFUL IN COVERING A TINY PORTION OF THEIR GOLD SHORTS.
NO EFP’S WERE ISSUED FOR THE DECEMB CONTRACT MONTH.
Result: A TINY SIZED DECREASE IN OI DESPITE THE RISE IN PRICE IN GOLD ($8.35). WE MAY HAVE HAD SOME BANK SHORT COVERING. WE CERTAINLY HAD NEWBIE LONGS RE-ENTERING THE GOLD COMEX AREA TO WHICH OUR BANKERS REGRETFULLY SUPPLIED THE NECESSARY SHORT PAPER.
we had: 2 notice(s) filed upon for 200 oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD:
No changes in gold inventory at the GLD/
Inventory rests tonight: 843.09 tonnes.
SLV
TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV
INVENTORY RESTS AT 318.074 MILLION OZ

This post was published at Harvey Organ Blog on November 9, 2017.

NOV 8/GOLD RALLIES $8.35 TO CLOSE AT $1283.75 AND SILVER WAS UP 16 CENTS TO $17.11/INDIA IS BACK WITH RESPECT TO GOLD DEMAND AS OFFICIALLY THEY IMPORT CLOSE TO 900 TONNES (WITH SMUGGLING OVER 100…

GOLD: $1283.75 UP $8.35
Silver: $17.11 UP 16 cents
Closing access prices:
Gold $1281.50
silver: $17.03
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: $1285.90 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1277.60
PREMIUM FIRST FIX: $8.30(premiums getting smaller)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1285.00
NY GOLD PRICE AT THE EXACT SAME TIME: $1279.00
Premium of Shanghai 2nd fix/NY:$6.00 PREMIUMS GETTING smaller)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1282.25
NY PRICING AT THE EXACT SAME TIME: $1280.85???
LONDON SECOND GOLD FIX 10 AM: $1284..00
NY PRICING AT THE EXACT SAME TIME. 1285.10 ??
For comex gold:
NOVEMBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 7 NOTICE(S) FOR 700 OZ.
TOTAL NOTICES SO FAR: 973 FOR 97,300 OZ (3.026TONNES)
For silver:
NOVEMBER
1 NOTICE(S) FILED TODAY FOR
5,000 OZ/
Total number of notices filed so far this month: 864 for 4,320,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: BID $7481 OFFER /$7505 UP $365.00 (MORNING)
BITCOIN CLOSING; BID $7319 OFFER: 7344 // UP $204.00

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

NOV 7/THE HIGH SILVER OPEN INTEREST FORCES THE BANKERS TO INITIATE ANOTHER RAID TODAY/GOLD DOWN $4.75 AND SILVER DOWN 27 CENTS/ITALY’S TARGET 2 IMBALANCE AT A RECORD 433 BILLION EUROS WHICH CAN N…

GOLD: $1275.40 DOWN $4.75
Silver: $16.95 DOWN 27 cents
Closing access prices:
Gold $1275.40
silver: $16.95
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: $1293.86 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1279.85
PREMIUM FIRST FIX: $14.01(premiums getting smaller)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1285.00
NY GOLD PRICE AT THE EXACT SAME TIME: $1279.00
Premium of Shanghai 2nd fix/NY:$6.00 PREMIUMS GETTING smaller)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1276.35
NY PRICING AT THE EXACT SAME TIME: $1276.30
LONDON SECOND GOLD FIX 10 AM: $1275.60
NY PRICING AT THE EXACT SAME TIME. 1276.95 ??
For comex gold:
NOVEMBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 110 NOTICE(S) FOR 11000 OZ.
TOTAL NOTICES SO FAR: 966 FOR 96,600 OZ (3.004TONNES)
For silver:
NOVEMBER
7 NOTICE(S) FILED TODAY FOR
35,000 OZ/
Total number of notices filed so far this month: 863 for 4,315,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: $7174 bid /$7199 offer up $244.00 (MORNING)
BITCOIN CLOSING;$7099 BID:7124. OFFER down $124.00
end
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest ROSE BY A HUGE 3562 contracts from 204 ,938 DOWN TO 208,500 WITH YESTERDAY’S TRADING IN WHICH SILVER ROSE BY A CONSIDERABLE 37 CENTS. THE CROOKS NO DOUBT ARE PULLING THEIR HAIR AS THEY ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS. THEY TRY TO CONTINUE WITH THEIR TORMENT WITH NO APPRECIABLE FALL IN SILVER OI. YESTERDAY HUGE NUMBERS OF NEWBIE SPEC LONGS ENTERED THE SILVER ARENA TO WHICH OUR BANKERS DUTIFULLY SUPPLIED.
RESULT: A HUGE SIZED RISE IN OI COMEX WITH THE CONSIDERABLE 37 CENT PRICE GAIN. NEWBIE SPEC LONGS ENTERED THE ARENA AND THESE GUYS WERE DUTIFULLY SUPPLIED BY OUR CROOKED BANKERS. THERE WAS NO SHORTCOVERING YESTERDAY.
In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.042 BILLION TO BE EXACT or 149% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT OCT MONTH/ THEY FILED: 7 NOTICE(S) FOR 35,000 OZ OF SILVER
In gold, the open interest ROSE BY A LARGER THAN EXPECTED 8303 CONTRACTS WITH THE GOOD SIZED RISE IN PRICE OF GOLD ($11.25) WITH YESTERDAY’S TRADING . The new OI for the gold complex rests at 537,727. NEWBIE LONGS RE-ENTERED THE ARENA TO WHICH THE BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER..
NO EFP’S WERE ISSUED FOR THE NOVEMBER CONTRACT MONTH.
Result: A GOOD SIZED INCREASE IN OI WITH THE RISE IN PRICE IN GOLD ($11.25). WE HAD ZERO BANK SHORT COVERING AS ANY OF OUR NEWBIE LONGS RE-ENTERED THE GOLD COMEX AREA TO WHICH OUR BANKERS DUTIFULLY SUPPLIED THE NECESSARY SHORT PAPER.
we had: 110 notice(s) filed upon for 11,000 oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD:
A huge change in gold inventory at the GLD/ a withdrawal of 1.48 tonnes
Inventory rests tonight: 844.27 tonnes.
SLV
TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV
INVENTORY RESTS AT 319.018 MILLION OZ

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

NOV 6/GOLD REBOUNDS NICELY UP $11.25 TO $1280.15 BUT THE STAR OF TODAY IS SILVER UP 37 CENTS CLOSING AT $17.22 /SHANGHAI PREMIUMS TO NY PRICING IS $23.08/TROUBLE IN CHINA’S SHADOW BANKING SECTOR/…

GOLD: $1280.15 UP $11.25
Silver: $17.22 UP 37 cents
Closing access prices:
Gold $1282.00
silver: $17.22
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: $1291.77 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1269.00
PREMIUM FIRST FIX: $22.77(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1291.58
NY GOLD PRICE AT THE EXACT SAME TIME: $1268.50
Premium of Shanghai 2nd fix/NY:$23.08 PREMIUMS GETTING HUGE)
CHINA REJECTS NEW YORK PRICING OF GOLD!!!!
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1271.60
NY PRICING AT THE EXACT SAME TIME: $1271.60
LONDON SECOND GOLD FIX 10 AM: $1270.90
NY PRICING AT THE EXACT SAME TIME. 1271.80 ??
For comex gold:
NOVEMBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 27 NOTICE(S) FOR 2700 OZ.
TOTAL NOTICES SO FAR: 856 FOR 85,600 OZ (2.662TONNES)
For silver:
NOVEMBER
10 NOTICE(S) FILED TODAY FOR
50,000 OZ/
Total number of notices filed so far this month: 856 for 4,280,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: $7361 bid /$7368 offer up $138.00 (MORNING)
BITCOIN CLOSING;$7099 BID:7124. OFFER down $124.00
end
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest SURPRISINGLY FELL BY A SMALL SIZED 1130 contracts from 206 ,068 DOWN TO 204,938 DESPITE FRIDAY’S TRADING IN WHICH SILVER FELL BY A CONSIDERABLE 27 CENTS. THE CROOKS NO DOUBT ARE PULLING THEIR HAIR AS THEY ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS. THEY TRY TO CONTINUE WITH THEIR TORMENT LIKE THE RAID ON FRIDAY. A FEW NEWBIE SPEC LONGS LEFT THE SILVER ARENA AND THUS WE HAVE A VERY TINY BANKER SHORT COVERING.
RESULT: A SMALL SIZED FALL IN OI COMEX DESPITE THE CONSIDERABLE 27 CENT PRICE LOSS. OUR BANKERS COULD HARDLY COVER ANY OF THEIR HUGE SHORTFALL DESPITE THE MANIPULATED CRIMINAL BANKER RAID WHICH HAD THEIR OBJECT OF THE EXERCISE TO CAUSE AS MANY SILVER LEAVES TO FALL FROM THE SILVER TREE. AS WE HAVE WITNESSED ON COUNTLESS OCCASIONS WITH RESPECT TO SILVER, IT FAILED MISERABLY.
In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.025 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT OCT MONTH/ THEY FILED: 10 NOTICE(S) FOR 50,000 OZ OF SILVER
In gold, the open interest FELL BY A LESS THAN EXPECTED 4,347 CONTRACTS WITH THE GOOD SIZED FALL IN PRICE OF GOLD ($8.65) WITH FRIDAY’S TRADING . The new OI for the gold complex rests at 529,124. NEWBIE LONGS EXITED THE ARENA TO WHICH THE BANKERS COVERED.
NO EFP’S WERE ISSUED FOR THE NOVEMBER CONTRACT MONTH.
Result: A GOOD SIZED DECREASE IN OI WITH THE FALL IN PRICE IN GOLD ($8.65). WE HAD SOME BANK SHORT COVERING AS SOME OF OUR NEWBIE LONGS GOT STOP LOSSED OUT OF THEIR CONTRACTS.
we had: 27 notice(s) filed upon for 2700 oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD:
A tiny change in gold inventory at the GLD/ a withdrawal of .29 tonnes to pay for fees and insurance
Inventory rests tonight: 845.75 tonnes.
SLV
TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV
INVENTORY RESTS AT 319.018 MILLION OZ

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

NOV 3/POOR JOBS REPORT BUT THAT DID NOT MATTER AS THE CROOKS RAIDED GOLD AND SILVER/COMEX SILVER OI CONTINUES TO RISE WITH ITS LATEST READING OVER 206,000 CONTRACTS/AFTER THE USA FINISHED OFF ISI…

GOLD: $1268.90 DOWN $8.65
Silver: $16.85 down 27 cents
Closing access prices:
Gold $1270.00
silver: $16.86
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: $1300.00 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1280.05
PREMIUM FIRST FIX: $19.90(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1292.04
NY GOLD PRICE AT THE EXACT SAME TIME: $1277.00

This post was published at Harvey Organ Blog on November 3, 2017.

NOV 2/OPEN INTEREST IN SILVER SKYROCKETS PAST 203,000 CONTRACTS OR 1.02 BILLION OZ/SILVER WITHSTANDS ANOTHER ATTACK BY OUR BANKERS/JEROME POWELL NAMED FED CHAIR/BITCOIN RISES ABOVE $7,000 PER COI…

GOLD: $1277.55 UP $1.55
Silver: $17.12 down 6 cents
Closing access prices:
Gold $1276.80
silver: $17.12
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: $1300.00 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1280.50
PREMIUM FIRST FIX: $19.50(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1297.80
NY GOLD PRICE AT THE EXACT SAME TIME: $1278.00
Premium of Shanghai 2nd fix/NY:$19.80 PREMIUMS GETTING LARGER)
CHINA REJECTS NEW YORK PRICING OF GOLD!!!!
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1276.40
NY PRICING AT THE EXACT SAME TIME: $1276.65
LONDON SECOND GOLD FIX 10 AM: $1279.20
NY PRICING AT THE EXACT SAME TIME. 1277.40 ??
For comex gold:
NOVEMBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 57 NOTICE(S) FOR 5700 OZ.
TOTAL NOTICES SO FAR: 766 FOR 76,600 OZ (2.382TONNES)
For silver:
NOVEMBER
261 NOTICE(S) FILED TODAY FOR
1,305,000 OZ/
Total number of notices filed so far this month: 828 for 4,140,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: $7243 bid /$7262 offer up $489.00 (MORNING)
BITCOIN CLOSING;$7027 BID:7047. OFFER UP $273.00

This post was published at Harvey Organ Blog on November 3, 2017.

NOV 1/SILVER IS THE STAR OF THE DAY:UP 2.8% OR 48 CENTS/A LONDON BASED COMPANY IS THE FIRST MAJOR TRADING COMPANY TO BE DINGED WITH ‘GHOST COLLATERAL’ COMING FROM CHINA/GOLD UP $6.60/AT THE COMEX…

GOLD: $1276.60 UP $6.60
Silver: $17.18 UP 48 cents
Closing access prices:
Gold $1275.00
silver: $17.13
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: $1283.60 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1269.60
PREMIUM FIRST FIX: $14.00(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1297.34
NY GOLD PRICE AT THE EXACT SAME TIME: $1274.50
Premium of Shanghai 2nd fix/NY:$22.84 PREMIUMS GETTING LARGER)
CHINA REJECTS NEW YORK PRICING OF GOLD!!!!
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1279.25
NY PRICING AT THE EXACT SAME TIME: $1279.00
LONDON SECOND GOLD FIX 10 AM: $1277.05
NY PRICING AT THE EXACT SAME TIME. 1273.30 ??
For comex gold:
NOVEMBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 186 NOTICE(S) FOR 18,600 OZ.
TOTAL NOTICES SO FAR: 709 FOR 70,900 OZ (2.205TONNES)
For silver:
NOVEMBER
140 NOTICE(S) FILED TODAY FOR
700,000 OZ/
Total number of notices filed so far this month: 567 for 2,835,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: $6517 bid /$6527 offer up $86.00 (MORNING)
BITCOIN CLOSING;$6581 BID:6601. OFFER UP $146.00
end
Today gold had a pretty good day rising by $6.60 but it was silver that was star of the show rising by 48 cents or 2.8%. This time around silver rose for no apparent reason. It is obvious that its huge 196,000 short comex contracts are having its effect on our bankers. As I have outlined to you for the past few months, the banks are desperate trying to cover but to no avail. They have en masse decided to run to higher ground where they will regroup and try again. If the silver price runs away from them like the Bitcoin price, our banker friends will implode.
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest ROSE BY A LARGE SIZED 2419 contracts from 196 ,434 UP TO 198,853 DESPITE YESTERDAY’S TRADING IN WHICH SILVER FELL BY 13 CENTS. THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS SO THEY CONTINUE TO TORMENT.
RESULT: A GOOD SIZED RISE IN OI COMEX WITH THE 13 CENT PRICE LOSS. OUR BANKERS COULD NOT COVER ANY OF THEIR HUGE SHORTFALL.
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.993 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT OCT MONTH/ THEY FILED: 140 NOTICE(S) FOR 700,000 OZ OF SILVER
In gold, the open interest SURPRISINGLY ROSE BY A CONSIDERABLE 2419 CONTRACTS DESPITE THE GOOD SIZED FALL IN PRICE OF GOLD ($6.15) . The new OI for the gold complex rests at 531,918.
NO EFP’S WERE ISSUED FOR THE UPCOMING NOVEMBER CONTRACT MONTH.
Result: A GOOD SIZED INCREASE IN OI DESPITE THE FALL IN PRICE IN GOLD ($6.15). THERE CERTAINLY WAS NO SHORT COVERING BY THE BANKERS WITH THE RAID YESTERDAY
we had: 186 notice(s) filed upon for 18,600 oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD:
Strange! with gold up $6.60 today, we had a withdrawal of 1.18 tonnes of gold from inventory at the GLD/
Inventory rests tonight: 849.59 tonnes.
SLV
STRANGE: WITH SILVER DOING WELL THESE PAST THREE TRADING DAYS AND ESPECIALLY TODAY WITH A HUGE GAIN OF 48 CENTS, WE HAD NO DEPOSIT GAIN IN SILVER INVENTORY AT THE SLV:
INVENTORY RESTS AT 319.155 MILLION OZ

This post was published at Harvey Organ Blog on November 1, 2017.

Market Talk- October 31, 2017

A slow but steady day in Asian equity markets, but happy in the knowledge that the BOJ left almost everything unchanged. The Nikkei closed almost unchanged but has set an impressive two month rally. At above 22k the index closes at a 21 year high, but after the weak opening it took all day to recover unchanged. The Yen was a little weaker (0.5%) as it challenges the 114 handle again. The Australian ASX did open better but drifted throughout the day eventually closing on its low. However, irrespective of todays price action it has been a constructive month for the All Ords with a gain of around 3%. Shanghai managed to shake-off the PMI miss (51.6 against market expectations of 52), with Services also declining. In Hong Kong the Hang Seng we closed down -0.3% with bank stocks weighing on the market.
Although we finished the month on a positive note, volumes were low. This usually is the case when a large index is closed and with Germany on a national holiday the absence of the DAX was noticeable. Spain’s IBEX helped sentiment though with a daily gain of +0.7%. The market is valuing ‘no news’ as positive these days, so with the demand for yield ever present any quiet day is good for low grade paper. This is present when comparing global credits to the states where it is not uncommon to find BBB credits trading even yield with US treasuries. The CAC managed a small +0.2% gain whilst the largest bank (BNP Paribas) recorded as the worst performing European bank stock today (-2.7%). UK’s FTSE managed a small positive for the day but an +0.5% in the currency helped international investors as traders continue to price in a BOE move on Thursday. Talk is that BREXIT discussions may be progressing better than many had expected but we have yet to hear details.

This post was published at Armstrong Economics on Oct 31, 2017.

OCT 31/TONY PODESTA OF THE PODESTA GROUP THREATENS TUCKER CARLSON/GOLD FALLS $6.15 AND SILVER FALLS 13 CENTS ON LAST DAY OF NOVEMBER OPTIONS EXPIRY (LBMA/LONDON CONTRACTS)/CHINA’S YIELD CURVE CON…

GOLD: $1270.00 down $6.15
Silver: $16.70 down 13 cents
Closing access prices:
Gold $1270.20
silver: $16.72
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: $1289.75 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1275.85
PREMIUM FIRST FIX: $13.90(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1291.50
NY GOLD PRICE AT THE EXACT SAME TIME: $1276.70
Premium of Shanghai 2nd fix/NY:$14.80 PREMIUMS GETTING LARGER)
CHINA REJECTS NEW YORK PRICING OF GOLD!!!!

This post was published at Harvey Organ Blog on October 31, 2017.

OCT 30/PAUL MANAFORT ARRESTED TODAY ON 12 COUNTS OF TAX EVASION AND MONEY LAUNDERING/GOLD REBOUNDS HIGHER BY $5.30 AND SILVER IS UP BY 8 CENTS/CHINA’S STOCK MARKET AND BOND MARKET FALL BADLY WITH…

GOLD: $1276.15 UP $5.30
Silver: $16.83 UP 8 cents
Closing access prices:
Gold $1276.20
silver: $16.86
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: $1287.00 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1271.87
PREMIUM FIRST FIX: $15.13(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1288.17
NY GOLD PRICE AT THE EXACT SAME TIME: $1270.30
Premium of Shanghai 2nd fix/NY:$17.87 PREMIUMS GETTING LARGER)
CHINA REJECTS NEW YORK PRICING OF GOLD!!!!
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1272.75
NY PRICING AT THE EXACT SAME TIME: $1271.15
LONDON SECOND GOLD FIX 10 AM: $1272.00
NY PRICING AT THE EXACT SAME TIME. 1273.70 ??
For comex gold:
OCTOBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 82 NOTICE(S) FOR 8200 OZ.
TOTAL NOTICES SO FAR: 3332 FOR 333,200 OZ (10.326TONNES)
For silver:
OCTOBER
1 NOTICE(S) FILED TODAY FOR
5,000 OZ/
Total number of notices filed so far this month: 1095 for 5,475,000 oz

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

OCT 27 A/GOLD RISES BY $2.15 ON NEWS THAT TRUMP IS LEANING TO POWELL FOR NEXT FED CHAIR/CATALONIA VOTES TO SECEDE FROM SPAIN/

GOLD: $1271.15 UP $2.15
Silver: $16.75 DOWN 5 cents
Closing access prices:
Gold $1273.60
silver: $16.85
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: $1287.45 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1266.65
PREMIUM FIRST FIX: $20.80(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1287.45
NY GOLD PRICE AT THE EXACT SAME TIME: $1266.75

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

OCT 26/GOLD AND SILVER DOWN ON COMEX OPTIONS EXPIRY/ECB EXTENDS QE BY PURCHASING 30 BILLION EUROS WORTH OF BONDS PER MONTH UNTIL SEPT 2018 AND THIS DOVISH RESPONSE IS BAD FOR GOLD?/SEE-SAW EVENTS…

GOLD: $1269.00 down $8.80
Silver: $16.80 DOWN 15 cents
Closing access prices:
Gold $1267.90
silver: $16.80
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: $1291.03 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1280.50
PREMIUM FIRST FIX: $10.53(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1291.03
NY GOLD PRICE AT THE EXACT SAME TIME: $1281.00
Premium of Shanghai 2nd fix/NY:$10.03 PREMIUMS GETTING LARGER)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1278.20
NY PRICING AT THE EXACT SAME TIME: $1277.75
LONDON SECOND GOLD FIX 10 AM: $1273.75
NY PRICING AT THE EXACT SAME TIME. 1274.70 ??
For comex gold:
OCTOBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 85 NOTICE(S) FOR 8500 OZ.
TOTAL NOTICES SO FAR: 3173 FOR 317,300 OZ (9.869TONNES)
For silver:
OCTOBER
28 NOTICES FILED TODAY FOR
140,000 OZ/
Total number of notices filed so far this month: 1057 for 5,285,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: $5834 bid /$58544 offer UP $155.00 (MORNING)
BITCOIN CLOSING;$5833 BID:5853. OFFER up $155.00

This post was published at Harvey Organ Blog on October 26, 2017.

OCT 25/GOLD AND SILVER WITHSTAND ANOTHER ATTACK AND CLOSE IN GREEN TERRITORY FOR GOLD/FLAT FOR SILVER/TROUBLE IN SPAIN AS PUIGDEMONT CANCELS TRIP TO MADRID AND WILL CONVENE CATALAN PARLIAMENT/GER…

GOLD: $1277.80 UP $0.70
Silver: $16.95 FLAT cents
Closing access prices:
Gold $1277.80
silver: $16.95
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: $1292.03 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1274.40
PREMIUM FIRST FIX: $17.63(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1289.01
NY GOLD PRICE AT THE EXACT SAME TIME: $1731.70
Premium of Shanghai 2nd fix/NY:$15.31 PREMIUMS GETTING LARGER)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1273.00
NY PRICING AT THE EXACT SAME TIME: $1272.10
LONDON SECOND GOLD FIX 10 AM: $1275.00
NY PRICING AT THE EXACT SAME TIME. 1276.00 ??
For comex gold:
OCTOBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 83 NOTICE(S) FOR 8300 OZ.
TOTAL NOTICES SO FAR: 3088 FOR 308,800 OZ (9.605TONNES)
For silver:
OCTOBER
64 NOTICES FILED TODAY FOR
320,000 OZ/
Total number of notices filed so far this month: 1029 for 5,145,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: $5564 bid /$5784 offer UP $68.00 (MORNING)
BITCOIN CLOSING;$5562 BID:5582. OFFER up $65.00

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

OCT 24/GOLD AND SILVER WITHSTAND ANOTHER ATTACK/GOLD DOWN $2.55 AND SILVER IS DOWN 10 CENTS/FINALLY HOUSE COMMITTEES LOOKING INTO CLINTON FOUNDATION/URANIUM ONE SCANDAL/HOUSE COMMITTEE NOW LOOKIN…

GOLD: $1277.10 DOWN $2.55
Silver: $16.95 DOWN 10 cents
Closing access prices:
Gold $1277.00
silver: $16.95
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: $1290.44 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1281.80
PREMIUM FIRST FIX: $8.64(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1291.54
NY GOLD PRICE AT THE EXACT SAME TIME: $1281.30
Premium of Shanghai 2nd fix/NY:$10.24 PREMIUMS GETTING LARGER)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1278.30
NY PRICING AT THE EXACT SAME TIME: $1277.90
LONDON SECOND GOLD FIX 10 AM: $1276.45
NY PRICING AT THE EXACT SAME TIME. 1276.90
For comex gold:
OCTOBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 562 NOTICE(S) FOR 56,200 OZ.
TOTAL NOTICES SO FAR: 3005 FOR 300,500 OZ (9.346TONNES)
For silver:
OCTOBER
167 NOTICES FILED TODAY FOR
835,000 OZ/
Total number of notices filed so far this month: 965 for 4,825,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: $5693 bid /$5713 offer DOWN $166.00 (MORNING)
BITCOIN CLOSING;$5665 BID:5685. OFFER DOWN $191.00

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

OCT 23/GOLD AND SILVER REBOUND ON EITHER TRUMP’S CLOSE TO PICKING A FED NOMINEE OR MOST LIKELY REACTING TO IMMINENT THREAT COMING FROM NORTH KOREA/TROUBLE IN SPAIN AS ARTICLE 155 IS INVOKED AND T…

GOLD: $1279.65 UP $0.30
Silver: $17.05 UP 2 cents
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: $1290.33 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1275.55
PREMIUM FIRST FIX: $14.78(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1290.33
NY GOLD PRICE AT THE EXACT SAME TIME: $1276.55
Premium of Shanghai 2nd fix/NY:$13.78 PREMIUMS GETTING LARGER)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1275.25
NY PRICING AT THE EXACT SAME TIME: $1275.85
LONDON SECOND GOLD FIX 10 AM: $1274.90
NY PRICING AT THE EXACT SAME TIME. 1274.75
For comex gold:
OCTOBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 4 NOTICE(S) FOR 400 OZ.
TOTAL NOTICES SO FAR: 2443 FOR 244,300 OZ (7.599TONNES)
For silver:
OCTOBER
5 NOTICES FILED TODAY FOR
25,000 OZ/
Total number of notices filed so far this month: 784 for 3,920,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: $5659 bid /$5678 offer DOWN $278.00 (MORNING)
BITCOIN CLOSING;$5904 BID:5924. OFFER DOWN $29.00

This post was published at Harvey Organ Blog on October 23, 2017.

Tesla Reportedly Preparing To Open Factory In Shanghai

As Tesla falls further and further behind in its quest to produce 10,000 Model 3 sedans a week by the end of next year, WSJ reported Sunday that, after months of talks with local government officials, Tesla has finally received permission to open a factory in Shanghai, one of China’s designated ‘free trade zones.’
If accurate, the report would signal a major shift in China’s policy toward foreign automakers. Until now, US carmakers like GM hoping to sell cars in China’s domestic market have been forced to work (and more importantly share profits and technology) with a local partner.
But more surprising than the news itself is the timing, as Tesla continues to struggle with major production delays at its Fremont Calif factory, a problem that will no doubt be exacerbated by the company’s decision to lay off hundreds of workersand replace them with cheaper contract labor in what has been characterized as a blatant attempt to suppress unionization efforts. WSJ says cars produced at the Shanghai factory would primarily supply local markets while allowing Tesla to sale cars across the region. Meanwhile, any cars shipped to the US from the Shanghai factory would face a 25% tariff.

This post was published at Zero Hedge on Oct 22, 2017.

OCT 20/GE DISAPPOINTS YET DOW RISES/GOLD DOWN $9.05 TO $1279.35 AND SILVER DOWN 22 CENTS TO $17.03

GOLD: $1279.35 DOWN $9.05
Silver: $17.03 DOWN 22 cents
Closing access prices:
Gold $1281.20
silver: $17.03
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: $1290.70 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1282.70
PREMIUM FIRST FIX: $8.00(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1292;60
NY GOLD PRICE AT THE EXACT SAME TIME: $1284.55
Premium of Shanghai 2nd fix/NY:$8.00PREMIUMS GETTING LARGER)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1280.25
NY PRICING AT THE EXACT SAME TIME: $1280.40
LONDON SECOND GOLD FIX 10 AM: $1281.20
NY PRICING AT THE EXACT SAME TIME. 1281.40
For comex gold:
OCTOBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 4 NOTICE(S) FOR 400 OZ.
TOTAL NOTICES SO FAR: 2443 FOR 244,300 OZ (7.599TONNES)
For silver:
OCTOBER
5 NOTICES FILED TODAY FOR
25,000 OZ/
Total number of notices filed so far this month: 784 for 3,920,000 oz

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

OCT19/GOLD AND SILVER RISE ON HUGE BOMBSHELL STORY OUT OF THE USA:FBI HID INVESTIGATION ON URANIUM SCANDAL/MOSTLY LIKELY THERE WILL BE MANY CHARGES LAID/

GOLD: $1288.40 UP $7.20
Silver: $17.25 UP 25 cents
Closing access prices:
Gold $1289.65
silver: $17.26
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: $1290.80 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1277.70
PREMIUM FIRST FIX: $13.10(premiums getting larger)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SECOND SHANGHAI GOLD FIX: $1292;30
NY GOLD PRICE AT THE EXACT SAME TIME: $1279.20
Premium of Shanghai 2nd fix/NY:$13.10(PREMIUMS GETTING LARGER)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
LONDON FIRST GOLD FIX: 5:30 am est $1283.40
NY PRICING AT THE EXACT SAME TIME: $1283.40
LONDON SECOND GOLD FIX 10 AM: $1286.40
NY PRICING AT THE EXACT SAME TIME. 1286.40
For comex gold:
OCTOBER/
NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 3 NOTICE(S) FOR 300 OZ.
TOTAL NOTICES SO FAR: 2439 FOR 243,900 OZ (7.586TONNES)
For silver:
OCTOBER
3 NOTICES
FILED TODAY FOR
15,000 OZ/Total number of notices filed so far this month: 779 for 3,895,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXBitcoin: $5569 bid /$5589 offer DOWN $16.00 (MORNING)
BITCOIN CLOSING;$5681.00 BID/$5699.00 UP $95.00

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

What a Gold-Backed Yuan and Cryptocurrencies May Mean for the Dollar

Amoungst all the crypto news this, and crypto news that, was a tiny item appearing in the Nikkei Asian Review on September 1st. Reporting from Denpasar, Indonesia, Damon Evans wrote, ‘China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry.’
Not bitcoin backed, not ethereum backed, g-o-l-d backed. How low tech of the Chinese. For the moment, oil is priced in dollars, whether it’s Brent or West Texas Intermediate.
Evans explained,
China’s move will allow exporters such as Russia and Iran to circumvent U. S. sanctions by trading in yuan. To further entice trade, China (the world’s largest oil importer) says the yuan will be fully convertible into gold on exchanges in Shanghai and Hong Kong.
This will be China’s first commodities futures contract open to foreign companies such as investment funds, trading houses and petroleum companies.

This post was published at Ludwig von Mises Institute on October 20, 2017.