Gold & Silver Rise to Start the Week
Gold & Silver Rise to Start the Week by Harvey Organ
GOLD: $1234.50 UP $4.20
Silver: $16.13 UP 17 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: $1241.75 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1231.60
PREMIUM FIRST FIX: $10.15
SECOND SHANGHAI GOLD FIX: $1241.37
NY GOLD PRICE AT THE EXACT SAME TIME: $1231.00
Premium of Shanghai 2nd fix/NY:$10.37
LONDON FIRST GOLD FIX: 5:30 am est $1229.85
NY PRICING AT THE EXACT SAME TIME: $1230.45
LONDON SECOND GOLD FIX 10 AM: $1234.10
NY PRICING AT THE EXACT SAME TIME. $1234.45
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 3 NOTICE(S) FOR 300 OZ.
TOTAL NOTICES SO FAR: 120 FOR 12000 OZ (.3732 TONNES)
51 NOTICES FILED TODAY FOR
Total number of notices filed so far this month: 2866 for 14,330,000 oz
Let us have a look at the data for today
In silver, the total open interest ROSE BY A TINY 233 contract(s) UP to 206,591 DESPITE THE GOOD RISE IN PRICE THAT SILVER TOOK WITH FRIDAY’S TRADING (UP 21 CENT(S). EVEN WITH THE DATA ON FRIDAY (COT SHOWING SPECS GOING NET SHORT AND COMMERCIALS NET LONG FOR THE PAST 10 DAYS ENDING LAST TUESDAY) , THE ONLY EXPLANATION THAT I CAN THINK OF IS SOMETHING HAS SCARED OUR BANKERS TO NO END AND THEY STARTED TO COVER THEIR SHORTFALL IN EARNEST ALONG WITH OUR BANKER SHORTS. HOWEVER THE BANKERS ARE HAVING AN AWFUL TIME TRYING TO SHAKE THE SILVER LEAVES FROM THE SILVER TREE.
In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.034 BILLION TO BE EXACT or 148% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 51 NOTICE(S) FOR 255,000 OZ OF SILVER
In gold, the total comex gold SURPRISINGLY FELL BY A RATHER LARGE 3,770 CONTRACTS DESPITE THE HUGE RISE IN THE PRICE OF GOLD ($12.00 with FRIDAY’S TRADING). The total gold OI stands at 483,827 contracts. AGAIN, AS IN SILVER SOMETHING HAS SCARED OUR BANKERS AS THEY STARTED TO COVER THEIR GOLD SHORTS IN EARNEST ALONG WITH THE NEWBIE SPECULATOR SHORTS. THE PLETHORA OF DATA RELEASED ON FRIDAY SHOWING RETAIL SPENDING BASICALLY COLLAPSING ALONG WITH SMALLER INFLATION NUMBERS MUST BE SCARING THESE GUYS TO DEATH.
we had 3 notice(s) filed upon for 300 oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
Today a huge change in tonnes of gold at the GLD/strange!! a withdrawal of 3.55 tonnes with gold up $12.00
Inventory rests tonight: 828.84 tonnes.
Today: : , WE HAD NO CHANGES AT THE SLV/
INVENTORY RESTS AT 349.012 MILLION OZ
Let us head over to the comex:
The total gold comex open interest FELL BY A RATHER LARGE 3,770 CONTRACTS DOWN to an OI level of 483,827 DESPITE THE GOOD SIZED RISE IN THE PRICE OF GOLD ($12.00 with FRIDAY’S trading). THE RISE IN PRICE OF GOLD ON FRIDAY WAS DUE TO SPECULATOR SHORT COVERING ALONG WITH ATTEMPTED SHORT COVERING BY THE BANKERS.
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 GAINED 9 contract(s) to stand at 41 contracts. We had only 2 notices filed YESTERDAY morning, so we GAINED 11 contracts or an additional 1100 oz will stand in this non active month of July. Thus 0 EFP notice(s) was 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 17,322 contracts DOWN to 229,258, as this month winds down prior to first day notice. The next non active contract month is September and here they GAINED another 68 contracts to stand at 544. The next active delivery month is October and here we gained 412 contracts up to 22,467. October is the poorest of the active gold delivery months as most players move right to December.
We had 3 notice(s) filed upon today for 300 oz
For those keeping score: in the upcoming front delivery month of August:
On July 19.2016: open interest for the front month: 306,757 contracts compared to July 17.2017: 229,258.
However last yr at this time we had a record OI in gold at 655,000 contract for the entire complex.