I HAVE BEEN OUT OF COMMISSION FOR THE MOST PART OF THE DAY
SO I MISSED QUITE A FEW STORIES
I HAVE RETRIEVED ALL THE DATA SO IT IS UP TO DATE.
H.
GOLD: $1214.65 UP $5.35 (COMEX TO COMEX CLOSINGS)
Silver: $14.31 UP 21` CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : 1214.30
silver: $14.31
For comex gold and silver:
NOV
NUMBER OF NOTICES FILED TODAY FOR NOV CONTRACT:0 NOTICE(S) FOR nil
Total number of notices filed so far for NOV: 205 for 20500 OZ (0.6376 TONNES)
FOR NOVEMBER
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
0 NOTICE(S) FILED TODAY FOR
nil OZ/
Total number of notices filed so far this month: 1404 for 7.020,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: OPENING MORNING TRADE $5643: down $291
Bitcoin: FINAL EVENING TRADE: $5725 down 211
end
XXXX
China is controlling the gold market
WE WILL NOT PROVIDE LONDON FIXES AS THEY ARE NOT ACCURATE AS TO WHAT IS GOING ON AT THE SAME TIME FRAME.
Let us have a look at the data for today
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In silver, the total OPEN INTEREST ROSE BY A TINY 26 CONTRACTS FROM 224,346 UP TO 224,372 WITH YESTERDAY’S 10 CENT RISE IN SILVER PRICING AT THE COMEX. TODAY WE ARRIVED CLOSER TO AUGUST’S RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.
WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY(WELL OVER 30 MILLION OZ AT THE COMEX FOR JULY , 6 MILLION OZ FOR AUGUST AND NOW JUST LESS THAN 31 MILLION OZ STANDING IN SEPTEMBER. AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP’S. WE WERE NOTIFIED THAT WE HAD A STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:
0 EFP’S FOR NOV. 4195 EFP’S FOR DECEMBER AND 0 FOR MARCH AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE: OF 4195 CONTRACTS. WITH THE TRANSFER OF 4195 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24-48 HRS IN THE ISSUING OF EFP’S. THE 4195 EFP CONTRACTS TRANSLATES INTO 20.98 MILLION OZ ACCOMPANYING:
1.THE 10 CENT RISE IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR THE JUNE/2018 COMEX DELIVERY MONTH. (5.420 MILLION OZ); 30.370 MILLION OZ STANDING FOR DELIVERY IN JULY, FOR AUGUST: 6.065 MILLION OZ AND 39.505 MILLION OZ STANDING IN SEPT. 2,520,000 OZ STANDING IN OCTOBER. AND NOW SO FAR A HUGE 7,035,000 OZ STANDING FOR NOVEMBER
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF NOV: 33,047 CONTRACTS (FOR 11 TRADING DAYS TOTAL 33,047 CONTRACTS) OR 165.23 MILLION OZ: (AVERAGE PER DAY: 3004 CONTRACTS OR 15.02 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF NOV: 165.23 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 23.57% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)* JUNE’S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP’S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.
ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S: 2,591.32 MILLION OZ.
ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ
ACCUMULATION FOR FEB 2018: 244.95 MILLION OZ
ACCUMULATION FOR MARCH 2018: 236.67 MILLION OZ
ACCUMULATION FOR APRIL 2018: 385.75 MILLION OZ
ACCUMULATION FOR MAY 2018: 210.05 MILLION OZ
ACCUMULATION FOR JUNE 2018: 345.43 MILLION OZ
ACCUMULATION FOR JULY 2018: 172.84 MILLION OZ
ACCUMULATION FOR AUGUST 2018: 205.23 MILLION OZ.
ACCUMULATION FOR SEPTEMBER 2018: 167,05 MILLION OZ
ACCUMULATION FOR OCTOBER 2018: 224.875 MILLION OZ
RESULT: WE HAD A TINY SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 26 WITH THE 10 CENT RISE IN SILVER PRICING AT THE COMEX //YESTERDAY. THE CME NOTIFIED US THAT WE HAD A VERY STRONG SIZED EFP ISSUANCE OF 4195 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER (SEE COMEX DATA) .
TODAY WE GAINED A STRONG SIZED: 4221 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 4195 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH INCREASE OF 26 OI COMEX CONTRACTS. AND ALL OF THUS STRONG DEMAND HAPPENED WITH A 10 CENT RISE IN PRICE OF SILVER AND A CLOSING PRICE OF $14.10 WITH RESPECT TO YESTERDAY’S TRADING. YET WE HAD A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY IN THE BIG JULY DELIVERY MONTH OF SLIGHTLY OVER 30 MILLION OZ, IN AUGUST ANOTHER BIG 6.065 MILLION OZ IN A NON ACTIVE MONTH IN SEPTEMBER A FINAL MONSTROUS 39.05 MILLION OZ OF SILVER STANDING FOR DELIVERY, WITH HUGE DELIVERIES OF OVER 2 MILLION OZ IN OCTOBER (A NON DELIVERY MONTH) AND NOW 7.035 MILLION OZ IN NOVEMBER….... NOBODY IS PAYING ATTENTION TO THE HUGE NUMBER OF PHYSICAL OUNCES STANDING FOR SILVER THESE PAST SEVERAL MONTHS.
In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.059 BILLION OZ TO BE EXACT or 151% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT AUGUST MONTH/ THEY FILED AT THE COMEX: 0 NOTICE(S) FOR NIL OZ OF SILVER
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 243,411 CONTRACTS ON APRIL 9.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51.
AND NOW WE RECORD FOR POSTERITY ANOTHER ALL TIME RECORD OPEN INTEREST AT THE COMEX OF 244,196 CONTRACTS ON AUGUST 22/2018 AND AGAIN WHEN THIS RECORD WAS SET, THE PRICE OF SILVER WAS $14.78 AND LOWER IN PRICE THAN PREVIOUS RECORDS.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
- HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ MAY: 36.285 MILLION OZ ; JUNE/2018 (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ ) FOR AUGUST 6.065 MILLION OZ. , SEPT: AN INITIAL HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz AND NOW NOV AT 7.035 MILLION OZ.
- HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018) AND NOW AUGUST 22/2018: 244,196 CONTRACTS, WITH A SILVER PRICE OF $14.78.
- HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017
- RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLION OZ/ AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ
AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT).
IN GOLD, THE OPEN INTEREST FELL BY A CONSIDERABLE SIZED 3593 CONTRACTS DOWN TO 535,927 DESPITE THE STRONG GAIN IN THE COMEX GOLD PRICE/YESTERDAY’S TRADING (A RISE IN PRICE OF $8.15).THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 7875 CONTRACTS:
NOVEMBER HAD 0 EFP’S ISSUED AND, DECEMBER HAD AN ISSUANCE OF 7875 CONTACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 538.899. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.
IN ESSENCE WE HAVE A GOOD SIZED RISE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7254 CONTRACTS: 3593 OI CONTRACTS DECREASED AT THE COMEX AND 7875 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN: 4282 CONTRACTS OR 428,200 OZ = 13.31 TONNES. AND ALL OF THIS STRONG DEMAND OCCURRED WITH A RISE IN THE PRICE OF GOLD/ YESTERDAY TO THE TUNE OF $8.15.
YESTERDAY, WE HAD 7804 EFP’S ISSUED.
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF NOV : 85,635 CONTRACTS OR 8,583,500 OZ OR 266.96 TONNES (11 TRADING DAYS AND THUS AVERAGING: 7776 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 11 TRADING DAY IN TONNES: 266.96 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 266.96/2550 x 100% TONNES = 10.46% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JULY ALONE.***
ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE: 6,476.29 TONNES *SURPASSED ANNUAL PROD’N
ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP’S FOR FEBRUARY 2018: 649.45 TONNES (20 TRADING DAYS)
ACCUMULATION OF GOLD EFP’S FOR MARCH 2018: 741.89 TONNES (22 TRADING DAYS)
ACCUMULATION OF GOLD EFP’S FOR APRIL 2018: 713.84 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP’S FOR MAY 2018: 693.80 TONNES ( 22 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR JUNE 2018 650.71 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR JULY 2018 605.5 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR AUG. 2018 488.54 TONNES (23 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR SEPT 2018 470.64 TONNES (19 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR OCT. 2018 543.92 TONNES (23 TRADING DAYS)
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
Result: A CONSIDERABLE SIZED INCREASE IN OI AT THE COMEX OF 3593 DESPITE THE GAIN IN PRICING ($8.15) THAT GOLD UNDERTOOK YESTERDAY) //.WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7875 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 7875 EFP CONTRACTS ISSUED, WE HAD AN ATMOSPHERIC RISE OF 25,940 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
7875 CONTRACTS MOVE TO LONDON AND 3593 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 13.31 TONNES). ..AND ALL OF THIS DEMAND OCCURRED WITH A GAIN OF $8.15 IN YESTERDAY’S TRADING AT THE COMEX????.
we had: 0 notice(s) filed upon for NIL oz of gold at the comex.
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With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD UP $5.35 TODAY: /
NO CHANGES IN GOLD INVENTORY AT THE GLD/
/GLD INVENTORY 761.16 TONNES
Inventory rests tonight: 761.16 tonnes.
TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD. IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY
SLV/
WITH SILVER UP 21 CENTS TODAY
NO CHANGES IN SILVER INVENTORY AT THE SLV/
/INVENTORY RESTS AT 324.456 MILLION OZ.
end
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in SILVER ROSE BY 26 CONTRACTS from 224.346 UP TO 224.372 AND MOVING A LITTLE CLOSER TO THE NEW COMEX RECORD SET LAST IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 1 1/3 YEARS AGO. THE PRICE OF SILVER ON THAT DAY: $17.89. AS YOU CAN SEE, WE HAVE RECORD HIGH OPEN INTERESTS IN SILVER ACCOMPANIED BY A CONTINUAL LOWER PRICE WHEN THAT RECORD WAS SET…..
.
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
i) 0 EFP’s for November… and
4195 CONTRACTS FOR DECEMBER. 0 CONTRACTS FOR MARCH AND AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 4195 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE OI GAIN AT THE COMEX OF 26 CONTRACTS TO THE 4195 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A STRONG NET GAIN OF 4221 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES: 21.10 MILLION OZ!!! AND YET WE ALSO HAVE A STRONG DEMAND FOR PHYSICAL AS WE WITNESSED A FINAL STANDING OF GREATER THAN 30 MILLION OZ FOR JULY, A STRONG 6.065 MILLION OZ FOR AUGUST.. A HUGE 39.505 MILLION OZ STANDING FOR SILVER IN SEPTEMBER… OVER 2 million OZ STANDING FOR THE NON ACTIVE MONTH OF OCTOBER., AND NOW 7.035 MILLION OZ STANDING IN NOVEMBER.
RESULT: A STRONG INCREASE IN SILVER OI AT THE COMEX DESPITE THE 10 CENT PRICING GAIN THAT SILVER UNDERTOOK IN PRICING// YESTERDAY.BUT WE ALSO HAD ANOTHER STRONG SIZED 4195 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE STRONG SIZED AMOUNT OF SILVER OUNCES STANDING FOR SEPTEMBER, DEMAND FOR PHYSICAL SILVER CONTINUES TO INTENSIFY AS WE WITNESS SEVERE BACKWARDATION IN SILVER IN LONDON.
(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
3. ASIAN AFFAIRS
i)THURSDAY MORNING/ WEDNESDAY NIGHT:
SHANGHAI CLOSED UP 35.93POINTS OR 1.36% //Hang Sang CLOSED UP 448.91 POINTS OR 1.75% //The Nikkei closed DOWN 42.86 OR 0.20%/ Australia’s all ordinaires CLOSED UP 0.05% /Chinese yuan (ONSHORE) closed UP at 6.9395 AS POBC RESUMES ITS HUGE DEVALUATION /DELEGATION COMING TO THE USA TO SEE TRUMP IN NOVEMBER /Oil DOWN to 56.26 dollars per barrel for WTI and 66.53 for Brent. Stocks in Europe OPENED MIXED//. ONSHORE YUAN CLOSED UP AT 6.9395AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED WELL UP ON THE DOLLAR AT 6.9354: HUGE DEVALUATION/PAST SEVERAL DAYS RESUMES// TRADE TALKS NOW ON : /ONSHORE YUAN TRADING SLIGHTLY WEAKER AGAINST OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /CHINA RETALIATES WITH TARIFFS/ TRUMP RESPONDS TO NEW TARIFFS AND IT NOW A FULL TRADE WAR COMMENCE
3A/NORTH KOREA/SOUTH KOREA
i)North Korea/South Korea/USA/
b) REPORT ON JAPAN
Japan now records it’s second decline in GDP in the last 3 reporting periods. QE is having no effect on its economy. The entire globe is now proving to a trainwreck in too many places. If you want to see what will happen in the USA and Europe, just take a close look at the results inside Japan
(courtesy Jeffrey Snider/Alhambra Investment Partners)
3 C/ CHINA
i)The yuan barely moves as China sends trump a written response to trade reforms but offers insufficient concessions
( zerohedge)
ii)Kyle Bass doubles down on his yuan short and states that he expects a Chinese reset in the next couple of years
4/EUROPEAN AFFAIRS
i)UK
Brexiteer leader Moog demands a no confidence vote. Britain is in chaos this morning. Domenic Raab, key cabinet figure resigns.
( zerohedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
I) Saudi Arabia
Five Saudis face the death penalty over the Khashoggi killing. So far the Crown Prince has been cleared..
( zerohedge)
ii)TURKEY/USA
6. GLOBAL ISSUES
More evidence of a global slowdown: the world’s largest shipper Maersk has sounded the alarm bell on a global slowdown. They label the trade war as a catalyst for the slowdown
( zerohedge)
7. OIL ISSUES
8 EMERGING MARKET ISSUES
9. PHYSICAL MARKETS
i)The Times of India is celebrating the central bank’s decision to buy gold along with its citizens and as such they are selling USA treasuries.
ii)Yes, what a world: the hoarder of gold coins in Iran has been hanged along with his assistant( Bloomberg/GATA)
iii)Craig Hemke is calling gold to rise as the shorts are squeezed. Let us see if he is right
( Craig Hemke/GATA)
10. USA stories which will influence the price of gold/silver)
MARKET TRADING
P G and E imploding
(courtesy zerohedge)
ii)Market data/
a)The power of the Fed
a great read…
( Brandon Smith/Alt Market.com
b)This will definitely slow the housing market as mortgage rates climb closer to 6%
(courtesy Wolf Richter/WolfStreet)
iv)SWAMP STORIES
a)Avenatti arrested for hitting a woman. He feels he will be fully exonerated
( zerohedge)
Let us head over to the comex:
We are now in the non active delivery month of NOVEMBER and here we now have 3 notices standing for a loss of 3 contacts. We had 3 notices served upon yesterday so we gained 0 contracts or an additional nil oz will stand for delivery as these longs refused to morph into London based forwards as well as not accepting a fiat bonus for their efforts.
After November, we have a December contract and here we LOST 2063 contracts DOWN to 136.863. January saw a loss of 125 contracts up to 1121 contracts. March, the next big delivery month after December saw a gain of 1495 contracts up to 65,186.
________________________________________________________________________
God bless you Harvey. Truths you provide need to reach anyone thinking for themselves. Truth is the only way we might end…as the Pilgrims Society said around the launching of the “federal reserve”: “We will keep the price of silver low as a sow’s belly until hell freezes over”. Perhaps the Rothschild “Camp fire” in California will wake more people up the Rothschild “restructuring” of North America? You are great. Thank you.
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