OCT 6

October 6, 2016 · by · in Uncategorized · 6 Comments

Gold $1253.00 down  $9.00

Silver 17.30 down 25  cents

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

.

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

NY ACCESS PRICE: $

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

NY ACCESS PRICE:

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

London Fix: Sept 30: 5:30 am est:  $1265.50   (NY: same time:1265.70  $:    5:30AM)

London Second fix Sept 30: 10 am est:  $1254.50  (NY same time: $1254.50 ,    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.

end

For comex gold:

the total number of notices filed today :  212 for 21200 oz (.92 tonnes)

For silver:

for the Oct contract month:  4 notices for 20,000 oz.

 

Let us have a look at the data for today

 

.

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In silver, the total open interest fell by 3986 contracts down to 194,811. The open interest fell as the silver price was down 55 cents in yesterday’s trading .In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .9740 BILLION TO BE EXACT or 139% of annual global silver production (ex Russia &ex China).

In silver for October we had 4 notices served upon for 20,000 oz

In gold, the total comex gold FELL by a whopping 21,424 contracts as the price of gold fell by $3.30  yesterday . The total gold OI stands at 523,399 contracts. The bankers have done a great job fleecing longs and as usual the entire gold comex OI obliterates

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

GLD

LAST NIGHT WE HAD NO CHANGES OUT OF THE GLD//

Total gold inventory rests tonight at: 949.65 tonnes of gold

SLV

we had no changes at the SLV

THE SLV Inventory rests at: 360.292 million oz

.

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

1. Today, we had the open interest in silver fell by 3,986 contracts down to 194,811 as the price of silver fell by 55 cents with yesterday’s trading.The gold open interest FELL by 21,424 contracts DOWN to 523,399 as the price of gold fell $3.30 IN YESTERDAY TRADING.

(report Harvey).

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

end

 

SOMEBODY BIG IS GOING AFTER PHYSICAL GOLD AT THE COMEX

Let us head over to the comex:

The total gold comex open interest FELL BY 21,424 CONTRACTS to an OI level of 523,399 the as price of gold fell by  $3.30 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 1301 contracts down to 386.  We had 1338 notices filed on yesterday so we gained 37 notices or an additional 3700 oz will  stand

The next delivery month is November and here the OI fell by 50 contracts up to 2935 contracts. The next contract month and the biggest of the year is December and here this month showed an decrease of 17,049 contracts down to 405,722.

Today we had  252 notices filed for 25,200 oz of gold.(0.677tonnes)
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And now for the wild silver comex results.  Total silver OI FELL BY 3,986 contracts from  198,747 down to 194,811 as the  price of silver fell  to the tune of 55 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 12 contracts down to 85. We had 27 notices filed on yesterday so we gained 15 contracts or 75,000 additional oz will not stand for delivery.The November contract month saw its OI fall by 1 contracts down to 358.   The next major delivery month is December and here it FELL BY 4144 contracts DOWN to 162,717.

today we had 27 notices filed for silver: 135,000 oz

\
INITIAL standings for OCTOBER
 Oct 4.
Gold
Ounces
Withdrawals from Dealers Inventory in oz  NIL
Withdrawals from Customer Inventory in oz  nil
 xxxx
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz 
 xxx oz
No of oz served (contracts) today
252 notices 
25200 oz
(0.677 tonnes)
No of oz to be served (notices)
134 contracts
 13,400
oz
Total monthly oz gold served (contracts) so far this month
7783 contracts
778,300 oz
24.205 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:
Note:
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
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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 252 contract  of which 4 notices were stopped (received) by jPMorgan dealer and  109 notice(s) was (were) stopped received) by jPMorgan customer account.

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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 (7783) x 100 oz or 778,300 oz, to which we add the difference between the open interest for the front month of OCT (386 contracts) minus the number of notices served upon today (252) x 100 oz per contract equals 791,700 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 (7783) x 100 oz  or ounces + {OI for the front month (386) minus the number of  notices served upon today (252) x 100 oz which equals 791,700 oz standing in this non active delivery month of Oct  (24.625 tonnes).
we gained 3700 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
 
IN THE LAST MONTH and one half , 25 NET TONNES HAS LEFT THE COMEX.

end
\
And now for silver
 
OCT INITIAL standings
 Oct 4. 2016
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
xxx oz
xxxx
Deposits to the Dealer Inventory
 xx OZ
Deposits to the Customer Inventory 
xx oz
No of oz served today (contracts)
4 CONTRACTS
(20,000 OZ)
No of oz to be served (notices)
81 contracts
(405,000 oz)
Total monthly oz silver served (contracts) 344 contracts (1,760,000 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 4 contracts for 20,000 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 
344) x 5,000 oz  = 1,760,000 oz to which we add the difference between the open interest for the front month of OCT (85) and the number of notices served upon today (4) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the OCT contract month:  344(notices served so far)x 5000 oz +(85 OI for front month of SEPT ) -number of notices served upon today (4)x 5000 oz  equals  2,165,000 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 gained 75,000 additional silver ounces THAT WILL  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.
end
 GLD  remains a 947.63 tonnes/NO CHANGE/ wow
SLV: lowers to 360.292 million oz/ WE zero OZtelll
that tells you something
BIG STORIES
DB is dumped as the DOJ denies any settlement talks.
(courtesy zero hedge)

Deutsche Bank Dumped On Heavy Volume As German Government Denies Talks With US DOJ

In addition to 100s more job cuts, Deutsche Bank stock is tumbling on the back of Bloomberg reports thatthe German government isn’t in talks with the U.S. Department of Justice over Deutsche Bank.

  • There are no talks taking place with the DoJ, German government official says on customary condition of anonymity
  • German government has always made clear that this is about talks between the U.S. authorities and Deutsche Bank: official

And the reaction is a heavy volume dump…

 

Is the short-squeeze stock party over?

 

If Cryan comes home empty-handed, Germany is going to need another bank holiday on Monday.

 

end

The ECB officially denies a report that they will taper. Of course their major problem is that they are running out of bonds to buy

Stocks Spike Green After Constancio Denies Report ECB “Near Taper Consensus”

see zero hedge for the story\

6 comments

  1. Kev's avatar
    Kev · · Reply→

    Don’t get downhearted Harvey !

    Like

  2. Agnes's avatar
    Agnes · · Reply→

    Love ya, Harvey. Thanks for thinking of us. I hope you’re not vacationing in Florida this week!

    Like

  3. Troy Oz Silver | OCT 6 · · Reply→

    […] OCT 6 […]

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  4. Philippe's avatar
    Philippe · · Reply→

    Harvey it is national holiday this week in china, no cotation in shanghai
    see you to morrow

    Like

  5. Mark's avatar
    Mark · · Reply→

    Keep up the good work Harvey, thanks for all you do.

    Like

  6. Ron's avatar
    Ron · · Reply→

    Is Harvey on vacation? The content over the last few days have been very skimpy.

    Like

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