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:
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.
For comex gold:
the total number of notices filed today : 212 for 21200 oz (.92 tonnes)
for the Oct contract month: 4 notices for 20,000 oz.
Let us have a look at the data for today
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
With respect to our two criminal funds, the GLD and the SLV:
LAST NIGHT WE HAD NO CHANGES OUT OF THE GLD//
Total gold inventory rests tonight at: 949.65 tonnes of gold
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.
2.a) The Shanghai and London gold fix report
2 b) Gold/silver trading overnight Europe, Goldcore
and in NY: Bloomberg
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.
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
|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||
|No of oz served (contracts) today||
|No of oz to be served (notices)||
|Total monthly oz gold served (contracts) so far this month||
|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|
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.
|Withdrawals from Dealers Inventory||NIL|
|Withdrawals from Customer Inventory||
|Deposits to the Dealer Inventory||
|Deposits to the Customer Inventory||
|No of oz served today (contracts)||
|No of oz to be served (notices)||
|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|
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.
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\