Day 3: Gold and Silver Beatings
Day 3: Gold and Silver Beatings – Harvey Organ
Gold: $1281.40 DOWN $10.30
Silver: $18.14 DOWN 12 cents
Closing access prices:
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: $1294.53 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1287.15
PREMIUM FIRST FIX: $7.38
SECOND SHANGHAI GOLD FIX: $1290.60
NY GOLD PRICE AT THE EXACT SAME TIME: 1284.35
Premium of Shanghai 2nd fix/NY:$6.25
LONDON FIRST GOLD FIX: 5:30 am est $1282.05
NY PRICING AT THE EXACT SAME TIME: $1282.40
LONDON SECOND GOLD FIX 10 AM: $1279.05
NY PRICING AT THE EXACT SAME TIME. 1284.40 ??????
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 8 NOTICE(S) FOR 800 OZ.
TOTAL NOTICES SO FAR: 666 FOR 66600 OZ (2.0715 TONNES)
For silver: APRIL
86 NOTICES FILED TODAY FOR 430,000 OZ/
Total number of notices filed so far this month: 830 for 4,150,000 oz
The open interest in silver continues to advance with today’s reading just UNDER 228,000 contracts (227,984 contracts/a new record) or about 4000 contracts ABOVE the record set last year AND 200 CONTRACTS ABOVE THE RECORD SET YESTERDAY. It seems that the boys want to attack our precious metals as they are quite nervous about silver and its gigantic high OI for the front month of May.
I wrote the following last night:
“Tonight’s open interest for gold should rise by about 2,000 contracts. The silver OI should fall because the price fell by 24 cents. A rise will cause migraines galore for our bankers.”
I guess I was right about the migraines as they attacked again today.
Let us have a look at the data for today.
In silver, the total open interest ROSE BY A TINY 209 contracts UP to 227,984 WITH THE HUGE FALL IN PRICE ( 24 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUE TO REMAIN STEADFAST WITH THEIR POSITIONS ON DOWNDRAFT DAYS LIKE YESTERDAY WHILE ADDING TO THEIR LONGS ON GOOD DAYS. THE BANKERS ARE DESPERATELY TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.139 BILLION TO BE EXACT or 163% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED: 86 NOTICE(S) FOR 430,000 OZ OF SILVER
In gold, the total comex gold FELL BY 1194 contracts DESPITE THE SMALL RISE IN THE PRICE OF GOLD ($2.30 with YESTERDAY’S TRADING). The total gold OI stands at 472,263 contracts.
we had 8 notice(s) filed upon for 800 oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
We had no changes in tonnes of gold at the GLD:
Inventory rests tonight: 848.92 tonnes.
We had no changes in silver inventory at the SLV today/
THE SLV Inventory rests at: 328.201 million oz
Let us head over to the comex:
The total gold comex open interest FELL BY 1,994 CONTRACTS UP to an OI level of 472,263 DESPITE THE RISE IN THE PRICE OF GOLD ( $2.30 with YESTERDAY’S trading). The bankers again were certainly not shy in supplying the necessary paper to our newbie longs. We are now in the contract month of APRIL and it is one of the BETTER delivery months of the year. In this APRIL delivery month we had A LOSS OF 166 contract(s) FALLING TO 930. We had 26 notices served yesterday so we LOST 140 contracts or 14,000 oz will NOT stand for delivery in the active delivery month of April AND THESE GUYS WITHOUT A DOUBT WERE CASH SETTLED THROUGH THE OBSCURE EFT ROUTE DESCRIBED BY JAMES TURK.
At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.
The non active May contract month LOST 29 contract(s) and thus its OI is 2265 contracts. The next big active month is June and here the OI FELL by 3453 contracts UP to 341,968.
We had 8 notice(s) filed upon today for 800 oz