Oct 4

Gold $1265.10 down  $65.30

Silver 18.10 down 70  cents



The Shanghai fix is at 10:15 pm est and 2:15 am est

The fix for London is at 5:30  am est (first fix) and 10 am est (second fix)

Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.

And now the fix recordings:

Shanghai morning fix Oct 3 (10:15 pm est last night): $  holiday


Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   holiday



London Fix: Sept 30: 5:30 am est:  $1309.15   (NY: same time:  $:    5:30AM)

London Second fix Sept 30: 10 am est:  $1283.30  (NY same time: $xxx ,    10 AM)

It seems that Shanghai pricing is higher than the other  two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.

Also why would mining companies hand in their gold to the comex and receive constantly lower prices.  They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.


For comex gold:

the total number of notices filed today :  758 for 75,800 oz (2.35 tonnes)

For silver:

for the Oct contract month:  1 notices for 5,000 oz.

today was nothing but criminal activity with a  massive drive by shooting.  This is occurring because the regulators are on the side of the bankers.  China is back tonight and will bring the price of gold/silver back to normal.


Let us have a look at the data for today




In silver, the total open interest ROSE by 277 contracts UP to 201,977. The open interest ROSE as the silver price was down 43 cents in yesteray’s trading .In ounces, the OI is still represented by just MORE THAN 1 BILLION oz i.e. 1.0004 BILLION TO BE EXACT or 144% of annual global silver production (ex Russia &ex China).

In silver for October we had 1 notice served upon for 5,000 oz

In gold, the total comex gold FELL by 3,285 contracts as the price of gold fell by $4.30  yesterday . The total gold OI stands at 553,347 contracts. The bankers have done a great job fleecing longs and as usual the entire gold comex OI obliterates


With respect to our two criminal funds, the GLD and the SLV:



Total gold inventory rests tonight at: 949.14 tonnes of gold


we had no changes at the SLV

THE SLV Inventory rests at: 362.909 million oz


First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver ROSE by 277 contracts UP to 201,977 as the price of silver fell by 34 cents with yesterday’s trading.The gold open interest FELL by 5,989 contracts DOWN to 553,347 as the price of gold fell $4.30 IN YESTERDAY TRADING.

(report Harvey).

2.a) The Shanghai and London gold fix report



2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg


Let us head over to the comex:

The total gold comex open interest FELL BY 5989 CONTRACTS to an OI level of 553,347 the as price of gold fell by  $4.30 with yesterday’s trading.

The contract month of Sept is now off the board. The next delivery month is October and here the OI lost 3163 contracts down to 1295.  We had 3005 notices filed on yesterday so we lost 158 contracts or 15,800 oz will not stand AND no doubt that most of these were cash settled.

The next delivery month is November and here the OI rose by 6 contracts up to 2238 contracts. The next contract month and the biggest of the year is December and here this month showed an decrease of 3,292 contracts down to 434,131.

Today we had  758 notices filed for 75,800 oz of gold.(2.3tonnes)

And now for the wild silver comex results.  Total silver OI ROSE BY 277 contracts from  201,700 up to 201,977 as the  price of silver fell  to the tune of 34 cents yesterday.  We are moving  CLOSER TO the all time record high for silver open interest set on Wednesday August 3:  (224,540).  The next non active delivery month is October and here the OI fell by 6 contracts down to 196. We had 1 notice filed on yesterday so we lost 5 contracts or 25,000 additional oz will not stand for delivery.The November contract month saw its OI rise by 1 contracts up to 400.   The next major delivery month is December and here it FELL BY 328 contracts DOWN to 170,545.

today we had 1 notices filed for silver: 5,000 oz

INITIAL standings for OCTOBER
 Oct 4.
Withdrawals from Dealers Inventory in oz  NIL
Withdrawals from Customer Inventory in oz  nil
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz 
 xxx oz
No of oz served (contracts) today
758 notices 
75800 oz
(2.35 tonnes)
No of oz to be served (notices)
538 contracts
Total monthly oz gold served (contracts) so far this month
6283 contracts
628,300 oz
19.54 tonnes
Total accumulative withdrawals  of gold from the Dealers inventory this month    oz
Total accumulative withdrawal of gold from the Customer inventory this month    96.45 oz
 i cannot do inventory levels.  they will continue when i return next week.
 Today; very xxx activity at the gold comex and xxx kilobar entries
We had xxx dealer deposit:
Total dealer deposits; xxxx oz
We had xxx dealer withdrawals:
total dealer withdrawals; xxx oz
we had xxx customer deposit:
Total customer deposits: xxxx oz.
 We had 0 customer withdrawals:
total customer withdrawals: xxx oz
Today we had 0  adjustments:
If anybody is holding any gold at the comex, you must be out of your mind!!!
since comex gold storage is unallocated , rest assured any gold stored at the comex will be compromised!
I also urge all of you do not place any option trades at the comex as these gangsters will gun you down.
If you are taking delivery of gold/silver please remove it from comex banks and place it in private vaults
For October:

Today, 0 notices were issued from JPMorgan dealer account and 0 notices were issued form their client or customer account. The total of all issuance by all participants equates to 758 contract  of which 112 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped received) by jPMorgan customer account.

To calculate the initial total number of gold ounces standing for the Oct contract month, we take the total number of notices filed so far for the month (6283) x 100 oz or 628300 oz, to which we add the difference between the open interest for the front month of OCT (1295 contracts) minus the number of notices served upon today (758) x 100 oz per contract equals 682,100 oz, the number of ounces standing in this  NON active month of September.
Thus the INITIAL standings for gold for the SEPT contract month:
No of notices served so far (6283) x 100 oz  or ounces + {OI for the front month (1295) minus the number of  notices served upon today (758) x 100 oz which equals 682,100 oz standing in this non active delivery month of Oct  (21.21 tonnes).
we lost 15,800 oz that will not stand for delivery.
Total dealer inventor 2,311,300.256 or 71.89 tonnes
Total gold inventory (dealer and customer) =10,572,568.400 or 328.85 tonnes 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 328.85 tonnes for a  gain of 26  tonnes over that period. However since August 8 we have lost 25 tonnes leaving the comex.(corrected total from yesterday and today)
Ladies and Gentlemen:  the comex is beginning to lose some of its gold as no doubt the Shanghai fix is having its effect.
The gold comex is an absolute fraud.  The use of kilobars and exact weights makes the data totally absurd and fraudulent! To me, the only thing that makes sense is the fact that “kilobars: are entries of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction.  This would be similar to the rehypothecated gold used by Jon Corzine.ALSO TODAY THE LIQUIDATION OF 96 CONTRACTS HAVING STOOD FOR THE ENTIRE MONTH AND THEN ROLLING MAKES ABSOLUTELY NO SENSE

 I will update the comex inventory data much later tonight
And now for silver
OCT INITIAL standings
 Oct 4. 2016
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
xxx oz
Deposits to the Dealer Inventory
 xx OZ
Deposits to the Customer Inventory 
xx oz
No of oz served today (contracts)
(5,000 OZ)
No of oz to be served (notices)
191 contracts
(955,000 oz)
Total monthly oz silver served (contracts) 313 contracts (1,565,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this month  NIL oz
Total accumulative withdrawal  of silver from the Customer inventory this month  420,010.27 oz
today, we had xxx deposit into the dealer account:
total dealer deposit: xx oz
we had xxx dealer withdrawals:
 total dealer withdrawals: xxx oz
 we had 0 customer withdrawals:
Total customer withdrawals: nil  oz
We had xxx customer deposit:
total customer deposits: xxx oz
 we had xx adjustments 
The total number of notices filed today for the Oct contract month is represented by 11 contracts for 55,000 oz. To calculate the number of silver ounces that will stand for delivery in OCT., we take the total number of notices filed for the month so far at 
313) x 5,000 oz  = 1,565,000 oz to which we add the difference between the open interest for the front month of OCT (196) and the number of notices served upon today (1) x 5000 oz equals the number of ounces standing 
Thus the initial standings for silver for the OCT contract month:  313(notices served so far)x 5000 oz +(196 OI for front month of SEPT ) -number of notices served upon today (1)x 5000 oz  equals  2,490,000 oz  of silver standing for the OCT contract month. THIS IS ALSO A HUGE SHOWING FOR SILVER AS OCTOBER IS GENERALLY A VERY WEAK DELIVERY MONTH. We lost 25,000 additional silver ounces standing.
Total dealer silver:  30.362 million (close to record low inventory  
Total number of dealer and customer silver:   173.321 million oz
The total open interest on silver is NOW close to its all time high with the record of 224,540 being set AUGUST 3.2016.  The registered silver (dealer silver) is NOW NEAR  multi year lows as silver is being drawn out at both dealer and customer levels and heading to China and other destinations. The shear movement of silver into and out of the vaults signify that something is going on in silver.
 GLD  remains a 947.95 tonnes
SLV: lowers to 362,191 million oz

Major stories

Not only DB lost over 40% so has Credit Suisse

(courtesy zero hedge)

Gundlach: “Deutsche Bank Will Be Bailed Out But What About Credit Suisse”




Deutsche bank falls today on a report that they are mulling a capital raise

(courtesy zero hedge)


Deutsche Bank Stock Slides On Report Management “Mulling A Capital Raise”

Despite asserting numerous times that everything is awesome, Deutsche Bank is reportedly mulling a bonus freeze and more importantly a capital raise, according to German newsletter PLATOW Online.

As Bloomberg reports,Deutsche Bank is weighing a capital increase in tandem with a one-time bonus-freeze in a combination of measures aimed at shaking off short-sellers pummeling the stock, Platow Brief reported, without saying where it got the information.

A spokesman for Deutsche Bank declined to comment.

The stock gave some back…


The stock remains notably decoupled from credit…


But the stock sbounced back on this…

German newsletter says Deutsche Bank increasingly confident it can reach agreement with DOJ on fines by end of Oct.


Estimates DOJ settlement could be between $4b and $5b

And gold goes down today?

(courtesy consortium news,com)


Obama Warned To Defuse Tensions With Russia, “Unintended Consequences Likely To Be Catastrophic”

Via ConsortiumNews.com,

A group of ex-U.S. intelligence officials is warning President Obama to defuse growing tensions with Russia over Syria by reining in the demonization of President Putin and asserting White House civilian control over the Pentagon.



FROM: Veteran Intelligence Professionals for Sanity




We write to alert you, as we did President George W. Bush, six weeks before the attack on Iraq, that the consequences of limiting your circle of advisers to a small, relatively inexperienced coterie with a dubious record for wisdom can prove disastrous.* Our concern this time regards Syria.


We are hoping that your President’s Daily Brief tomorrow will give appropriate attention to Saturday’s warning by Russia’s Foreign Ministry spokesperson Maria Zakharova: “If the US launches a direct aggression against Damascus and the Syrian Army, it would cause a terrible, tectonic shift not only in the country, but in the entire region.”


Speaking on Russian TV, she warned of those whose “logic is ‘why do we need diplomacy’ … when there is power … and methods of resolving a problem by power. We already know this logic; there is nothing new about it. It usually ends with one thing – full-scale war.”


We are also hoping that this is not the first you have heard of this – no doubt officially approved – statement. If on Sundays you rely on the “mainstream” press, you may well have missed it. In the Washington Post, an abridged report of Zakharova’s remarks (nothing about “full-scale war”) was buried in the last paragraph of an 11-paragraph article titled “Hospital in Aleppo is hit again by bombs.” Sunday’s New York Times totally ignored the Foreign Ministry spokesperson’s statements.


In our view, it would be a huge mistake to allow your national security advisers to follow the example of the Post and Times in minimizing the importance of Zakharova’s remarks.


Events over the past several weeks have led Russian officials to distrust Secretary of State John Kerry. Indeed, Foreign Minister Sergey Lavrov, who parses his words carefully, has publicly expressed that distrust. Some Russian officials suspect that Kerry has been playing a double game; others believe that, however much he may strive for progress through diplomacy, he cannot deliver on his commitments because the Pentagon undercuts him every time. We believe that this lack of trust is a challenge that must be overcome and that, at this point, only you can accomplish this.


It should not be attributed to paranoia on the Russians’ part that they suspect the Sept. 17 U.S. and Australian air attacks on Syrian army troops that killed 62 and wounded 100 was no “mistake,” but rather a deliberate attempt to scuttle the partial cease-fire Kerry and Lavrov had agreed on – with your approval and that of President Putin – that took effect just five days earlier.


In public remarks bordering on the insubordinate, senior Pentagon officials showed unusually open skepticism regarding key aspects of the Kerry-Lavrov deal. We can assume that what Lavrov has told his boss in private is close to his uncharacteristically blunt words on Russian NTV on Sept. 26:


“My good friend John Kerry … is under fierce criticism from the US military machine. Despite the fact that, as always, [they] made assurances that the US Commander in Chief, President Barack Obama, supported him in his contacts with Russia (he confirmed that during his meeting with President Vladimir Putin), apparently the military does not really listen to the Commander in Chief.”


Lavrov’s words are not mere rhetoric. He also criticized JCS Chairman Joseph Dunford for telling Congress that he opposed sharing intelligence with Russia, “after the agreements concluded on direct orders of Russian President Vladimir Putin and US President Barack Obama stipulated that they would share intelligence. … It is difficult to work with such partners. …”


Policy differences between the White House and the Pentagon are rarely as openly expressed as they are now over policy on Syria. We suggest you get hold of a new book to be released this week titled The General vs. the President: MacArthur and Truman at the Brink of Nuclear War by master historian H. W. Brands. It includes testimony, earlier redacted, that sheds light on why President Truman dismissed WWII hero Gen. Douglas MacArthur from command of U.N. forces in Korea in April 1951. One early reviewer notes that “Brands’s narrative makes us wonder about challenges of military versus civilian leadership we still face today.” You may find this new book more relevant at this point in time than the Team of Rivals.


The door to further negotiations remains ajar. In recent days, officials of the Russian foreign and defense ministries, as well as President Putin’s spokesman, have carefully avoided shutting that door, and we find it a good sign that Secretary Kerry has been on the phone with Foreign Minister Lavrov. And the Russians have also emphasized Moscow’s continued willingness to honor previous agreements on Syria.


In the Kremlin’s view, Russia has far more skin in the game than the U.S. does. Thousands of Russian dissident terrorists have found their way to Syria, where they obtain weapons, funding, and practical experience in waging violent insurgency. There is understandable worry on Moscow’s part over the threat they will pose when they come back home. In addition, President Putin can be assumed to be under the same kind of pressure you face from the military to order it to try to clean out the mess in Syria “once and for all,” regardless how dim the prospects for a military solution are for either side in Syria.


We are aware that many in Congress and the “mainstream” media are now calling on you to up the ante and respond – overtly or covertly or both – with more violence in Syria. Shades of the “Washington Playbook,” about which you spoke derisively in interviews with the Atlantic’s Jeffrey Goldberg earlier this year. We take some encouragement in your acknowledgment to Goldberg that the “playbook” can be “a trap that can lead to bad decisions” – not to mention doing “stupid stuff.”


Goldberg wrote that you felt the Pentagon had “jammed” you on the troop surge for Afghanistan seven years ago and that the same thing almost happened three years ago on Syria, before President Putin persuaded Syria to surrender its chemical weapons for destruction. It seems that the kind of approach that worked then should be tried now, as well – particularly if you are starting to feel jammed once again.


Incidentally, it would be helpful toward that end if you had one of your staffers tell the “mainstream” media to tone down it puerile, nasty – and for the most part unjustified and certainly unhelpful – personal vilification of President Putin.


Renewing direct dialogue with President Putin might well offer the best chance to ensure an end, finally, to unwanted “jamming.” We believe John Kerry is correct in emphasizing how frightfully complicated the disarray in Syria is amid the various vying interests and factions. At the same time, he has already done much of the necessary spadework and has found Lavrov for the most part, a helpful partner.


Still, in view of lingering Russian – and not only Russian – skepticism regarding the strength of your support for your secretary of state, we believe that discussions at the highest level would be the best way to prevent hotheads on either side from risking the kind of armed confrontation that nobody should want.


Therefore, we strongly recommend that you invite President Putin to meet with you in a mutually convenient place, in order to try to sort things out and prevent still worse for the people of Syria.


In the wake of the carnage of World War II, Winston Churchill made an observation that is equally applicable to our 21st Century: “To jaw, jaw, jaw, is better than to war, war, war.”

For the Steering Group, Veteran Intelligence Professionals for Sanity

William Binney, former Technical Director, World Geopolitical & Military Analysis, NSA; co-founder, SIGINT Automation Research Center (ret.)

Fred Costello, Former Russian Linguist, USAF

Mike Gravel, former Adjutant, top secret control officer, Communications Intelligence Service; special agent of the Counter Intelligence Corps and former United States Senator

Matthew Hoh, former Capt., USMC, Iraq & Foreign Service Officer, Afghanistan (associate VIPS)

Larry C. Johnson, CIA & State Department (ret.)

John Kiriakou, former CIA counterterrorism officer and former senior investigator, Senate Foreign Relations Committee

Linda Lewis, WMD preparedness policy analyst, USDA (ret.) (associate VIPS)

Edward Loomis, NSA, Cryptologic Computer Scientist (ret.)

Ray McGovern, former US Army infantry/intelligence officer & CIA analyst (ret.)

Elizabeth Murray, Deputy National Intelligence Officer for Middle East, CIA (ret.)

Todd Pierce, MAJ, US Army Judge Advocate (ret.)

Coleen Rowley, Division Counsel & Special Agent, FBI (ret.)

Kirk Wiebe, former Senior Analyst, SIGINT Automation Research Center, NSA, (ret.)

Robert Wing, former Foreign Service Officer

Ann Wright, U.S. Army Reserve Colonel (ret) and former U.S. Diplomat

* In a Memorandum to President Bush criticizing Colin Powell’s address to the UN earlier on February 5, 2003, VIPS ended with these words: “After watching Secretary Powell today, we are convinced that you would be well served if you widened the discussion … beyond the circle of those advisers clearly bent on a war for which we see no compelling reason and from which we believe the unintended consequences are likely to be catastrophic.”


This will be fun.

(courtesy zero hedge)

Clinton Foundation Allegedly Hacked Exposing Thousands Of Donor Databases; “Pay To Play” Folder


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