Good evening Ladies and Gentlemen:
Gold: $1,273.40 UP $1.50 (comex closing time)
Silver 17.14 UP 2 cents
In the access market 5:15 pm
Today we witnessed gold and silver rising throughout last night, and during the early comex hours. However once London was put to bed, the crooks raided gold and silver/
In gold over 18,000 contracts were supplied at the comex by the criminal bankers over a 10 minute period (over 2.3 billion dollars worth of gold) and this knocked gold down from $1287.80 down to $1273.00. The bankers supplied enough paper to knock out all bids driving the price to its low point of the day.We are going to see continual raids like this as our banker friends are quite paranoid with gold’s strength. We need to see gold rise and pierce the $1308.00 level: (the previous high for gold in January 2015). The gold will be off to the raceway!
Let us have a look at the data for today
At the gold comex today we had a GOOD delivery day, registering 28 notices for 2800 ounces for gold,and for silver we had 8 notices for 40,000 oz for the non active May delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 236.257 tonnes for a loss of 67 tonnes over that period
In silver, the open interest fell by 1214 contracts down to 204,742 as the price was silver was UP by 3 cents with respect to Friday’s trading. A very tiny contraction compared to the raid we had on Friday. In ounces, the OI is still represented by just over 1 BILLION oz i.e. .1.023 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia &ex China)
In silver we had 8 notices served upon for 40,000 oz.
In gold, the total comex gold OI rose by 1,375 contracts up to 579,746 as the price of gold was up $1.60 with FRIDAY’S TRADING(at comex closing).
As far as the GLD, we had no changes in the GLD. The new inventory rests at 851.13 tonnes. We had no changes in silver inventory at the SLV. Inventory rests at 335.073 million oz.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver fell by 1214 contracts DOWN to 204,742 as the price of silver was UP by 3 cents with FRIDAY’S trading. The gold open interest ROSE by 1,375 contracts as gold was up $1.60 ON FRIDAY. Somebody big is standing FOR SILVER and surrounding the comex with paper longs ready to ponce once called upon to take out physical silver.I also believe that for the first time we are witnessing players wishing to stand for real physical in gold. Gold investors, in the May contract month are refusing the tempting fiat offer as they want only physical. The amount standing for May remains at a very high 6.37 tonnes.
2 a) Gold trading overnight, Goldcore
(Mark OByrne/off today
2b) Gold trading earlier this morning;
3. ASIAN AFFAIRS
.i)Late SUNDAY night/ MONDAY morning: Shanghai closed UP BY 23.75 PTS OR 0.84% / Hang Sang closed UP 164.62 OR 0.84%. The Nikkei closed UP 54.19 POINTS OR 0.33% . Australia’s all ordinaires CLOSED UP 0.56% Chinese yuan (ONSHORE) closed DOWN at 6.5225. Oil ROSE to 47.14 dollars per barrel for WTI and 48.84 for Brent. Stocks in Europe MOSTLY IN THE RED . Offshore yuan trades 6.54640 yuan to the dollar vs 6.5225 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE REMAINS CONSTANT.
REPORT ON JAPAN SOUTH KOREA AND CHINA
a) REPORT ON JAPAN
b) REPORT ON CHINA
For the past 5 years, a massive 110 billion USA has left China to buy USA real estate:
( zero hedge)
i)Something is going on with DB. They are now offering 5% yields if they lock up their money for 3 months!! This is going on with the ECB policy of NIRP!!
( zero hedge)
ii)A great synopsis of the folly between the Troika and Greece:
iii)Over 300 chief executives of British companies are backing a BREXIT stating that the EU are stifling their growth and they are correct!.
5.RUSSIAN AND MIDDLE EASTERN AFFAIRS
i) The USA continues to agitate Russia:
( zero hedge)
ii)The USA is continually losing control over Russian and other eastern nations. Despite sanctions the Russian bond yields are now below pres sanction levels:
iii)Saudi Arabian is not going to be happy with this release from one of the 9.11 commission members, John Lehman. He states that there were 6 Saudi officials working in the ISA that supported the 9/11 attack and most importantly: