Gold & Silver Hold Their Ground After Ongoing Attacks
Gold & Silver Hold Their Ground After Ongoing Attacks – Harvey Organ
GOLD: $1328.60 DOWN $2.95
Silver: $17.83 DOWN 1 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: $1342.23 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1337.40
PREMIUM FIRST FIX: $4.83
SECOND SHANGHAI GOLD FIX: $1330.58
NY GOLD PRICE AT THE EXACT SAME TIME: $1326.25
Premium of Shanghai 2nd fix/NY:$4.33
LONDON FIRST GOLD FIX: 5:30 am est $1326.25
NY PRICING AT THE EXACT SAME TIME: $1326.00
LONDON SECOND GOLD FIX 10 AM: $1326.50
NY PRICING AT THE EXACT SAME TIME. 1326.80
For comex gold:
NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR 0 OZ.
TOTAL NOTICES SO FAR: 51 FOR 5100 OZ (0.1586 TONNES)
158 NOTICES FILED TODAY FOR
Total number of notices filed so far this month: 4,634 for 23,170,000 oz
Today was a good day as gold and silver withstood massive paper hits throughout the night and early this morning with the bankers going all out to lower the two prices of our precious metals. Lately we have seen gold/silver withstand these fierce attacks. You will recall that Andrew Maguire confirmed that perennial precious metal short Goldman Sachs has turned to the buy side. They know the antics of the banks and it sure looks like it is these guys that are thwarting the paper selling efforts of our remaining banks.
Let us have a look at the data for today
In silver, the total open interest FELL BY A RATHER LOW 1165 contracts from 188,176 DOWN TO 187,176 DESPITE THE HEAVY SIZED DROP IN PRICE THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (DOWN 19 CENT(S). WE HAVE HAD TWO DAYS OF TORMENT AND YET THE SILVER OPEN INTEREST HARDLY BUDGES. THE LONGS ARE REMAINING STOIC AND REFUSE TO GIVE IN TO THE ANTICS OF THE BANKERS.
RESULT: A SMALL FALL IN OI COMEX DESPITE THE 19 CENT PRICE LOSS.
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.935 BILLION TO BE EXACT or 133% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 158 NOTICE(S) FOR 790,000 OZ OF SILVER
In gold, the open interest FELL BY A SMALLER THAN EXPECTED 3,325 CONTRACTS DESPITE THE BIG LOSS in price of gold ($15.05 LOSS YESTERDAY). The new OI for the gold complex rests at 574,119. NO WONDER THAT WE ANOTHER DAY OF TORMENT FROM THE BANKERS.
THE FLASH CRASHES ARE CERTAINLY HAVE AN EFFECT ON SOME OF OUR WEAKER LONGS AS THEY DEPART THE CROOKED CASINO. THE BANKERS WERE NOT AS SUCCESSFUL IN COVERING SOME OF THEIR SHORTFALL.
Result: A SMALL SIZED LOSS IN OI DESPITE THE HUGE FALL IN PRICE IN GOLD ($15.05). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER. SOME OF OUR NEWBIE LONGS GOT ANNIHILATED ON ANOTHER FLASH CRASH. THE BANKERS WERE NOT AS SUCCESSFUL IN COVERING THEIR SHORTS AS THEY WOULD HAVE LIKED.
we had: 0 notice(s) filed upon for NIL oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
Tonight , we had no changes in gold inventory:.as of 5;40 pm est
Inventory rests tonight: 834.50 tonnes
Today: no change in inventory.
INVENTORY RESTS AT 327.088 MILLION OZ
Let us head over to the comex:
The total gold comex open interest FELL BY A SMALLER THAN EXPECTED 3325 CONTRACTS DOWN to an OI level of 574,119 DESPITE THE LARGE SIZED LOSS IN THE PRICE OF GOLD ($15.05 LOSS IN YESTERDAY’S trading). MOST WERE EXPECTING A LOSS OF AROUND 10,000 CONTRACTS AND THAT WOULD EXPLAIN THE CONTINUAL TORMENT BY OUR BANKER FRIENDS TODAY.
Result: a SMALLER SIZED open interest DECREASE with an LARGE sized DROP in the price of gold. CONTINUAL BANKER TORMENT
The new non active September contract month saw it’s OI FALL BY 8 contracts DOWN to 820. We had 0 notices filed UPON YESTERDAY so we LOST 8 contracts or an additional 800 oz will NOT stand AND 8 EFP’s WERE ISSUED which entitles them to a fiat bonus plus a deliverable contract on a different exchange and most likely that would be London. These are private deals so we do not get to see the makeup of these deals only the number of EFP’s issued.
The next active contract month is Oct and here we saw a LOSS of 1295 contracts DOWN to 41,494.
The November contract saw A GAIN OF 102 contracts UP to 359.
The very big active December contract month saw it’s OI LOSS OF 3353 contracts DOWN to 451,372.
We had 0 notice(s) filed upon today for NIL oz