RAID! – Gold Down – Silver Down
RAID! – Gold Down – Silver Down – Harvey Organ
GOLD: $1252.65 down $4.85
Silver: $16.66 down 26 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: $1269.02 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1259.75
PREMIUM FIRST FIX: $9.27
SECOND SHANGHAI GOLD FIX: $1262.28
NY GOLD PRICE AT THE EXACT SAME TIME: 1257.95
Premium of Shanghai 2nd fix/NY:$4.33
LONDON FIRST GOLD FIX: 5:30 am est $1261.35
NY PRICING AT THE EXACT SAME TIME: $1262.15
LONDON SECOND GOLD FIX 10 AM: $1255.90
NY PRICING AT THE EXACT SAME TIME. $1256.75
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 17 NOTICE(S) FOR 1700 0 OZ.
TOTAL NOTICES SO FAR: 508 FOR 50800 OZ (1.5800 TONNES)
For silver: MAY
47 NOTICES FILED TODAY FOR 235,000 OZ/
Total number of notices filed so far this month: 4514 for 22,570,000 oz
For 14 consecutive days, the amount standing for physical has risen. On First day notice 16.8 million oz were standing; tonight 22.94 million oz. It looks to me that sovereign China wants its silver back as it looks like we have a determined player with deep pockets willing to take silver away from the comex.
Interestingly enough, the premium on Sprott’s silver funds reached a positive 1.19% on a raid day. Even his gold premium went up.
As I pointed out to you yesterday, whenever you see gold up appreciably coupled with silver lagging and a poor performance of the gold/silver equities, this is a sure sign that they orchestrate a raid the next day. They probably had everything set up to raid yesterday but the Trump disasters delayed the attack by one day.
Let us have a look at the data for today.
In silver, the total open interest FELL BY 2220 contracts DOWN to 212,907 DESPITE THE RISE IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (UP 15 CENT(S). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.064 BILLION TO BE EXACT or 152% of annual global silver production (ex Russia & ex China). WE MUST HAVE HAD CONSIDERABLE BANKER SHORT COVERING YESTERDAY IN THE SILVER ARENA.
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 47 NOTICE(S) FOR 235,000 OZ OF SILVER
In gold, the total comex gold ROSE BY A WHOPPING 10,858 contracts WITH THE RISE IN THE PRICE OF GOLD ($22.00 with YESTERDAY’S TRADING). The total gold OI stands at 445,979 contracts.
we had 17 notice(s) filed upon for 1700 oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
We had a big changes in tonnes of gold at the GLD: a withdrawal of 1.18 tonnes of gold which was probably used in the paper attack on gold today
Inventory rests tonight: 850.71 tonnes.
Today: a big change in inventory/ a deposit of 1.42 million oz into the SLV
THE SLV Inventory rests at: 343.815 million oz
Here is a strange fact for the CFTC to price discover:
when the record OI occurred on April 21, the price of silver was at 18.42 (OI record 234,000 contracts. Interestingly the SLV inventory on April 21 was 325 million oz and today it is 343 million dollars and the price of silver is $1.82 less. And the comex is a price discovery mechanism????
Let us head over to the comex:
The total gold comex open interest ROSE BY 10,858 CONTRACTS UP to an OI level of 445,879 WITH THE RISE IN THE PRICE OF GOLD ( $22.00 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 GAIN OF 8 contract(s) RISING TO 40. We had 0 notices filed yesterday so we GAINED 8 contracts or an additional 800 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 GAINED 4702 contracts UP to 208.931. The non active July contract GAINED another 275 contracts to stand at 1043 contracts. The next big active month is August and here the OI gained 5,068 contracts up to 137,835.
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: 321,216 contracts of JUNE 2016 CONTRACTS OPEN.( compared to JUNE 2017: 208,931)
For the June 2016 contract month initially 48.189 tonnes stood for delivery. Eventually a huge 48.552 tonnes stood.
We had 17 notice(s) filed upon today for 1700 oz