Oct 5

Gold $1262.10 down  $3.00

Silver 17.55 down 55  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 :  1338 for 133,800 oz (4.16 tonnes)

For silver:

for the Oct contract month:  27 notices for 135,000 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 fell by 3236 contracts down to 198,747. The open interest fell as the silver price was down 65 cents in yesterday’s trading .In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .9935 BILLION TO BE EXACT or 141% of annual global silver production (ex Russia &ex China).

In silver for October we had 27 notices served upon for 135,000 oz

In gold, the total comex gold FELL by 10,523 contracts as the price of gold fell by $65.00  yesterday . The total gold OI stands at 544,824 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 fell by 3,236 contracts down to 198,747 as the price of silver fell by 65 cents with yesterday’s trading.The gold open interest FELL by 10,523 contracts DOWN to 553,347 as the price of gold fell $65.30 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 10,523 CONTRACTS to an OI level of 544,824 the as price of gold fell by  $65.30 with yesterday’s trading.

The contract month of Sept is now off the board. The next delivery month is October and here the OI gained 392 contracts up to 1687.  We had 758 notices filed on yesterday so we gained 1150 contracts or 115,000 oz will  stand \

The next delivery month is November and here the OI rose by 747 contracts up to 2985 contracts. The next contract month and the biggest of the year is December and here this month showed an decrease of 11,360 contracts down to 422,771.

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 FELL BY 3,230 contracts from  201,977 down to 198,747 as the  price of silver fell  to the tune of 65 cents yesterday.  We are moving  further from 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 99 contracts down to 97. We had 1 notice filed on yesterday so we lost 98 contracts or 490,000 additional oz will not stand for delivery.The November contract month saw its OI fall by 41 contracts down to 359.   The next major delivery month is December and here it FELL BY 3684 contracts DOWN to 166,861.

today we had 27 notices filed for silver: 135,000 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
1338 notices 
133,800 oz
(4.1617 tonnes)
No of oz to be served (notices)
349 contracts
Total monthly oz gold served (contracts) so far this month
7571 contracts
757,100 oz
23.548 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 1338 contract  of which 35 notices were stopped (received) by jPMorgan dealer and  811 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 (7571) x 100 oz or 757,100 oz, to which we add the difference between the open interest for the front month of OCT (1687 contracts) minus the number of notices served upon today (1338) x 100 oz per contract equals 792,000 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 (7571) x 100 oz  or ounces + {OI for the front month (1687) minus the number of  notices served upon today (1338) x 100 oz which equals 792,000 oz standing in this non active delivery month of Oct  (24.63 tonnes).
we gained a huge 115,000 oz that will 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

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)
(135,000 OZ)
No of oz to be served (notices)
70 contracts
(350,000 oz)
Total monthly oz silver served (contracts) 340 contracts (1,740,000 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 27 contracts for 135,000 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 
340) x 5,000 oz  = 1,740,000 oz to which we add the difference between the open interest for the front month of OCT (97) and the number of notices served upon today (27) x 5000 oz equals the number of ounces standing 
Thus the initial standings for silver for the OCT contract month:  340(notices served so far)x 5000 oz +(97 OI for front month of SEPT ) -number of notices served upon today (27)x 5000 oz  equals  2,090,000 oz  of silver standing for the OCT contract month. THIS IS STILL A HUGE SHOWING FOR SILVER AS OCTOBER IS GENERALLY A VERY WEAK DELIVERY MONTH. We lost 490,000 additional silver ounces THAT WILL NOT STAND.
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/NO CHANGE
SLV: lowers to 360.292million oz/ WE LOST 1.899 MILLION OZ

In Major Victory For Gold And Silver Traders, Manipulation Lawsuit Against Gold-Fixing Banks Ordered To Proceed

despite the huge whack on both gold and silver somebody big is standing for metal.

together with the judge’s decision where she is allowing the criminal case to proceed, this should cause extreme harm to our bankers.
It is very difficult for me to right but I will try and give the comex data tomorrow



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