Gold & Silver Knocked Down All Day Long!
Gold & Silver Knocked Down All Day Long! by Harvey Organ
GOLD: $1244.20 DOWN $9.80
Silver: $16.48 DOWN 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: $1261.77 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1252.70
PREMIUM FIRST FIX: $9.07
SECOND SHANGHAI GOLD FIX: $1260.02
NY GOLD PRICE AT THE EXACT SAME TIME: $1251.80
Premium of Shanghai 2nd fix/NY:$8.22
LONDON FIRST GOLD FIX: 5:30 am est $1251.10
NY PRICING AT THE EXACT SAME TIME: $1251.60
LONDON SECOND GOLD FIX 10 AM: $1255.40
NY PRICING AT THE EXACT SAME TIME. $1254.50
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 45 NOTICE(S) FOR 4500 OZ.
TOTAL NOTICES SO FAR: 2589 FOR 258,900 OZ (8.0528 TONNES)
JUNE 3 NOTICES FILED TODAY FOR
Total number of notices filed so far this month: 914 for 4,570,000 oz
Over at the comex, the amount standing for the silver metal again rose in similar fashion to what we witnessed last month and also in April. It is up for the 13th consecutive trading day. We certainly have a determined entity trying to get its hands on whatever silver is available.
It now seems that we are going to have a repeat as to the continual whacking of gold and silver by the crooks.
Here is something interesting on our last 3 huge waterfalls in gold
On Dec 15 2016, gold finished at its nadir at $1125.60. The comex OI on that day: 402,111 contracts. The OI on silver: 164,500.
On March 9 2017: gold finished its nadir fall to $1200.00. The comex OI on that day: 427,627. The comex OI: 191,422
On April 18/2017 gold finished at its nadir: $1226.90. the comex OI on that day: 474,257. silver comex OI 227,755
today: gold at $1244.00 so far/comex gold OI 453,021/silver comex OI 197,800 (approx)
it seems that we are having in gold higher lows and close to higher lows on the OI.
In silver, the comex OI is all over the board.
Let us have a look at the data for today
This is where we are heading: (JB Slear/Jim Sinclair)
According to JB Slear, this is what the future holds. Why should I write words. Get into the cellar as fast as you can!
In silver, the total open interest FELL BY ONLY 452 contract(s) DOWN to 197,854 WITH THE FALL IN PRICE OF SILVER THAT TOOK PLACE WITH FRIDAY’S TRADING (DOWN 5 CENT(S). In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. .989 BILLION TO BE EXACT or 141% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 3 NOTICE(S) FOR 15,000 OZ OF SILVER
In gold, the total comex gold FELL BY A HUGE 6,587 contracts DESPITE THE RISE IN PRICE OF GOLD ($1.80 with FRIDAY’S TRADING). The total gold OI stands at 453,021 contracts.
we had 45 notice(s) filed upon for 4500 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: 853.68 tonnes.
Today: no changes in silver inventory at the SLV
THE SLV Inventory rests at: 336.200 million oz
Let us head over to the comex:
The total gold comex open interest FELL BY A HUGE 6,587 CONTRACTS DOWN to an OI level of 453,021 DESPITE THE RISE IN THE PRICE OF GOLD ($1.80 with FRIDAY’S trading). An open interest of around 390,000 to 400,000 is core and nothing will move these guys from their contracts.
We are now in the contract month of JUNE and it is one of the BETTER delivery months of the year. In this JUNE delivery month we had A LOSS OF 337 contract(s)FALLING TO 867. We had 336 notices filed yesterday so we LOST 1 contract(s) or an additional 100 oz will NOT stand for delivery in this very active delivery month of June AND 1 CONTRACT(S) RECEIVED AN EFP CONTRACT WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURE GOLD CONTRACT/OR A LONG CALL OR MOST LIKELY A LONDON BASED FORWARD GOLD CONTRACT. THESE EFP’S ARE PRIVATE OFF COMEX TRANSACTIONS. THE STUBBORN LONGS WHO ARE REMAINING STOIC AT THE COMEX ARE SO FAR REFUSING THAT FIAT BONUS (OVER 11 TONNES STANDING)
Below is a little background on the EFP contracts initiated by our bankers:
We now know for certain that private EFP contracts are given by the bankers when faced with an upcoming active delivery month and they state that this is for emergency purposes only and that they do not have actual physical metal to deliver upon in the front month. We just do not know the makeup of that private deal. It is my contention that the longs in GOLD FOR INSTANCE at the end of MAY(for June contracts) were given a fiat bonus plus a long “in the money” call for a future July contract or a August FUTURE contract or MAYBE EVEN A LONDON BASED FORWARD GOLD CONTRACT. . and this is why the total comex open interest complex obliterates as we enter first day notice. So now everything makes sense: the obliteration of OI as we enter first day notice has not really occurred in the real sense but replaced with a future long contract call and/or an off -comex London based gold contract with some bonus money for their effort.
The non active July contract GAINED 174 contracts to stand at 2054 contracts. The next big active month is August and here the OI LOST 7,167 contracts DOWN to 323,568, as the bankers trying to keep this month down to manageable size.
We had 45 notice(s) filed upon today for 4500 oz