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)
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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!!!!
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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
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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
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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.
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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.