Gold Flat – Silver Whacked!!
Gold Flat – Silver Whacked! – Harvey Organ
Gold: $1281.90 UP 50 CENTS
Silver: $17.99 DOWN 15 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: $1287.95 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1279.25
PREMIUM FIRST FIX: $8.70
SECOND SHANGHAI GOLD FIX: $1290.19
NY GOLD PRICE AT THE EXACT SAME TIME: 1278,86
Premium of Shanghai 2nd fix/NY:$11.33
LONDON FIRST GOLD FIX: 5:30 am est $1279.90
NY PRICING AT THE EXACT SAME TIME: $1279.45
LONDON SECOND GOLD FIX 10 AM: $1282.10
NY PRICING AT THE EXACT SAME TIME. 1281.75
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 1 NOTICE(S) FOR 100 OZ.
TOTAL NOTICES SO FAR: 667 FOR 66700 OZ (2.0746 TONNES)
For silver: APRIL
62 NOTICES FILED TODAY FOR 310,000 OZ/
Total number of notices filed so far this month: 892 for 4,460,000 oz
The open interest in silver continues to advance with today’s reading just UNDER 230,000 contracts (229,227 contracts/a new record) or about 4000 contracts ABOVE the record set last year AND 1000 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.
Let us have a look at the data for today.
In silver, the total open interest ROSE BY A LARGE 1,243 contracts UP to 229,227 DESPITE THE FALL IN PRICE ( 12 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. 1.146 BILLION TO BE EXACT or 164% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED: 62 NOTICE(S) FOR 310,000 OZ OF SILVER
In gold, the total comex gold FELL BY 4213 contracts WITH THE FALL IN THE PRICE OF GOLD ($10.30 with YESTERDAY’S TRADING). The total gold OI stands at 468,050 contracts.
we had 1 notice(s) filed upon for 100 oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
We had A HUGE changes in tonnes of gold at the GLD: A WITHDRAWAL OF 6.51 TONNES OF GOLD INTO THE GLD
Inventory rests tonight: 854.25 tonnes.
We had no changes in silver inventory at the SLV today/
THE SLV Inventory rests at: 326.308 million oz
Let us head over to the comex:
The total gold comex open interest FELL BY 4213 CONTRACTS DOWN to an OI level of 468,050 DESPITE THE FALL IN THE PRICE OF GOLD ( $10.30 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 87 contract(s) FALLING TO 843. We had 8 notices served yesterday so we LOST 79 contracts or 7,900 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/2017 contract month LOST 101 contract(s) and thus its OI is 2164 contracts. The next big active month is June/2017 and here the OI FELL by 5477 contracts DOWN to 336,491.
We had 1 notice(s) filed upon today for 100 oz