Silver & Gold Climbing
Silver & Gold Climbing by Harvey Organ
GOLD: $1236.75 UP $22.00
Silver: $16.92 UP 15 cent(s)
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: $1254.42 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1242.15
PREMIUM FIRST FIX: $12.27
SECOND SHANGHAI GOLD FIX: $1253.43
NY GOLD PRICE AT THE EXACT SAME TIME: 1243.90
Premium of Shanghai 2nd fix/NY:$9.53
LONDON FIRST GOLD FIX: 5:30 am est $1244.60
NY PRICING AT THE EXACT SAME TIME: $1244.60
LONDON SECOND GOLD FIX 10 AM: $1234.20
NY PRICING AT THE EXACT SAME TIME. $1234.15
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 0 NOTICE(S) FOR 0 OZ.
TOTAL NOTICES SO FAR: 491 FOR 49100 OZ (1.5272 TONNES)
For silver: MAY
28 NOTICES FILED TODAY FOR 140,000 OZ/
Total number of notices filed so far this month: 4467 for 22,335,000 oz
For 13 consecutive days, the amount standing for physical has risen. On First day notice 16.8 million oz were standing; tonight 22.75 million oz. It looks to me that sovereign China wants its silver back.
Gold had a stellar day up 22.00 dollars but silver again was paper hacked by the criminals and it had only a 15 cent gain. The reason for the gold/silver gain was “MEMO GATE” and you will find copious stories alarming investors….
Let us have a look at the data for today.
In silver, the total open interest FELL BY a TINY 100 contracts DOWN to 215,127 DESPITE THE HUGE RISE IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (UP 20 CENT(S). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.075 BILLION TO BE EXACT or 154% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 28 NOTICE(S) FOR 140,000 OZ OF SILVER
In gold, the total comex gold FELL BY 3.487 contracts WITH THE RISE IN THE PRICE OF GOLD ($6.10 with YESTERDAY’S TRADING). The total gold OI stands at 435.021 contracts. WE MUST HAVE HAD CONSIDERABLE BANKER SHORT COVERING YESTERDAY.
we had 0 notice(s) filed upon for NIL 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: 851.89 tonnes.
Today: no change in inventory/
THE SLV Inventory rests at: 342.395 million oz
Let us head over to the comex:
The total gold comex open interest FELL BY 3487 CONTRACTS DOWN to an OI level of 435,021 WITH THE RISE IN THE PRICE OF GOLD ( $6.10 with YESTERDAY’S trading). We are now in the contract month of MAY and it is one of the POORER delivery months of the year. In this MAY delivery month we had A LOSS OF 1 contract(s) LOWERING TO 32. We had 8 notices filed yesterday so we GAINED 7 contracts or an additional 700 oz are standing for delivery and no contracts were cash settled through the EFP route where they receive a cash bonus plus a future gold contract.
The next big active month is June/2017 and here the OI LOST 8754 contracts DOWN to 204,229. The non active July contract GAINED another 17 contracts to stand at 768 contracts. The next big active month is August and here the OI gained 5,263 contracts up to 132,767.
To give you a good idea of the devastation of open interest contracts, last year on May 16 2016 we had at this exact time: 338,908 contracts of JUNE 2016 CONTRACTS OPEN.( compared to JUNE 2017: 204,229)
For the June 2016 contract month initially 48.189 tonnes stood for delivery. Eventually a huge 48.552 tonnes stood.
We had 0 notice(s) filed upon today for NIL oz