Gold Rises – Silver Gets Back Above $15 Handle
Gold Rises – Silver Gets Back Above $15 Handle by Harvey Organ
GOLD: $1220.40 UP $2.40
Silver: $15.92 DOWN 18 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: $1236.89 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1228.10
PREMIUM FIRST FIX: $8.79
SECOND SHANGHAI GOLD FIX: $1244.88
NY GOLD PRICE AT THE EXACT SAME TIME: $1235.85
Premium of Shanghai 2nd fix/NY:$9.03
LONDON FIRST GOLD FIX: 5:30 am est $1235.20
NY PRICING AT THE EXACT SAME TIME: $1235.80
LONDON SECOND GOLD FIX 10 AM: $1220.30
NY PRICING AT THE EXACT SAME TIME. $1220.30
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 1 NOTICE(S) FOR 100 OZ.
TOTAL NOTICES SO FAR: 39 FOR 3900 OZ (.1213 TONNES)
397 NOTICES FILED TODAY FOR
Total number of notices filed so far this month: 1601 for 8,005,000 oz
Let us have a look at the data for today
In silver, the total open interest SURPRISINGLY ROSE BY 2485 contract(s) UP to 203,541 DESPITE THE DRUBBING IN PRICE THAT SILVER TOOK WITH FRIDAY’S RAID (DOWN 47 CENT(S) ON TOP OF THE CONSTANT TORMENT THESE PAST FEW WEEKS.
In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.0175 BILLION TO BE EXACT or 145% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 397 NOTICE(S) FOR 1,985,000 OZ OF SILVER
In gold, the total comex gold SURPRISINGLY FELL BY ONLY 3,356 CONTRACTS DESPITE THE HUGE FALL IN THE PRICE OF GOLD ($20.80 with FRIDAY’S TRADING). The total gold OI stands at 457,201 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 change in tonnes of gold at the GLD: A MASSIVE WITHDRAWAL OF 5.62 TONNES WHICH MOST LIKELY WAS USED IN THE RAID THIS MORNING.
Inventory rests tonight: 840.67 tonnes.
Today: STRANGE: NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 339.605 MILLION OZ
Please note the difference between gold and silver
Let us head over to the comex:
The total gold comex open interest SURPRISINGLY FELL BY ONLY 3,356 CONTRACTS down to an OI level of 457,201 DESPITE THE MAMMOTH FALL IN THE PRICE OF GOLD ($20.80 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 JULY and it is one of the POORER delivery months of the year. .
The non active July contract LOST 30 contracts to stand at 74 contracts. We had only 8 notices filed on Friday morning, so we lost 22 contracts for an additional 2200 oz that will not stand in this non active month of July. Thus 22 EFP notices were given which gives the long holder a fiat bonus plus a futures contract for delivery and most likely these are London based forwards. The contracts are private so we do not get to see all the particulars. The next big active month is August and here the OI LOST 4736 contracts DOWN to 288,401, as the bankers trying to keep this month down to manageable size. The next non active contract month is September and here they picked up another 105 contracts to stand at 185. The next active delivery month is October and here we gained 1629 contracts up to 17,532. October is the poorest of the active gold delivery months as most players move right to December.
We had 1 notice(s) filed upon today for 100 oz