Saturday, September 24, 2016 2:29:51 PM
Just Stuff
MMgys
Smash Time: Gold & Silver Head into Options Expiry – Harvey Organ
Posted on September 23, 2016 by The Doc
Smash Time: Gold & Silver Head into Options Expiry – Harvey Organ
GOLD AND SILVER RALLY BUT WE ARE COMING INTO OPTIONS EXPIRY WEEK AND THE CROOKS ALWAYS WHACK…
RIOTS IN CHARLOTTE NC/POOR USA ECONOMIC REPORTS: CHICAGO FED NATIONAL MFG INDEX FALTERS;EXISTING HOME SALES FALL; POOR CONFIDENCE REPORT: CONSUMER COMFORT INDEX FALTERS
Gold $1340.40 up $13.50
Silver 20.02 up 33 cents
In the access market 5:15 pm
Gold: 1337.50
Silver: 20.00
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 Sept 22 (10:15 pm est last night): $ 1335.27
NY ACCESS PRICE: $1333.40 (AT THE EXACT SAME TIME)
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ 1337.76
NY ACCESS PRICE: 1333.60 (AT THE EXACT SAME TIME)
HUGE SPREAD TODAY!!
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London Fix: Sept 22: 5:30 am est: $1332.45 (NY: same time: $1332.90: 5:30AM)
London Second fix Sept 16: 10 am est: $1339.10 (NY same time: $1338.85 , 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 front September contract month we had 66 notices filed for 6600 oz
For silver: the front month of September we have a total of 27 notices filed for 135,000 oz
The way the gold/silver equity shares traded today (down) despite the rise in gold/silver metal, it seems that the bankers will try and raidtomorrow.
You may see a little hit tomorrow but a major whack on Friday. The boys love to raid on Friday’s because the physical markets are already closed for the weekend as we approach NY time zone.
Let us have a look at the data for today
.
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In silver, the total open interest ROSE by 4890 contracts UP to 198,391. The open interest FELL as the silver price was UP 49 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .991 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia &ex China).
In silver we had 27 notices served upon for 135,000 oz
In gold, the total comex gold fell by A MONSTROUS 17,955 contracts as the price of gold rose BY $13.20 yesterday . The total gold OI stands at 576,746 contracts. The level of OI is still good for us as it will support a rise in gold price and it will be hard for the boys to raid.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
LAST NIGHT WE HAD A HUGE CHANGE out of the GLD/ A MONSTROUS DEPOSIT OF 6.53 TONNES FROM THE GLD/ this no doubt is not physical gold but a paper entry.
Total gold inventory rest tonight at: 950.92 tonnes of gold
SLV
we had NO change with respect to inventory at the SLV
THE SLV Inventory rests at: 363.479 million oz
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver rose by 4890 contracts up to 198,391 as the price of silver ROSE by 49 cents with yesterday’s trading.The gold open interest rose by 17,955 contracts up to 576,746 as the price of gold rose $13.20 IN YESTERDAY’S 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
3. ASIAN AFFAIRS
i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed UP 16.44 POINTS OR .54%/ /Hang Sang closed UP 89.90 PONTS OR .38%. The Nikkei closed FOR HOLIDAY Australia’s all ordinaires CLOSED UP 0.65% /Chinese yuan (ONSHORE) closed UP at 6.6690/Oil rose to 45.82 dollars per barrel for WTI and 47.25 for Brent. Stocks in Europe: ALL IN THE GREEN Offshore yuan trades 6.6776 yuan to the dollar vs 6.6690 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE WIDENS AGAIN AS MORE USA DOLLARS ATTEMPT TO LEAVE CHINA’S SHORES
REPORT ON JAPAN SOUTH KOREA NORTH KOREA AND CHINA
3a)Korea:
none
b) REPORT ON JAPAN
The guys at Horseman Capital, the perennial short operation are extremely smart cookies. They have always done better than the average guy.
They have now come out and stated that the best short in the world right now are the Japanese banks as they cannot live in a NIRP world.
(courtesy zero hedge)
c) REPORT ON CHINA
none today
4 EUROPEAN AFFAIRS
GREECE
It is so bad in Greece that an increasing number of por Greeks cannot even afford a price of bread
Greece/zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
none today
6.GLOBAL ISSUES
none today
7.OIL ISSUES
none today
8.EMERGING MARKETS
none today
9.PHYSICAL STORIES
i)goldcore
ii)Lawrie further comments on that huge increase in Russian gold reserves announced yesterday at 21.77 tonnes. we reported on this yesterday but it is worth repeating
( Lawrie Williams/Sharp’s Pixley)
iii)Russia’s VTB bank announced that it will initially supply sovereign Russia with 12 to 15 tonnes and this will eventually rise to 80 to 100 tonnes. The ultimate buyer: China:Kranzler believes that conditions in the gold market are tight and China has called upon Russia to help her achieve her gold goals.
(courtesy Dave Kranzler/IRD)
10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER
i)We now have riots in Charlotte North Carolina:
( zero hedge)
ii)jobless claims hit 43 year lows and yet the sales outlook is extremely week.
GDP expectations also very weak…
( zero hedge)
iii)The all important Chicago Fed’s National Mfg activity Index contracted fro the 19th straight month.(Chicago Fed National Activity/zero hedge)
iv)Homes are just not moving as existing home sales slide again. They blame lack of household income:
( NAR/zero hedge)
v)The House oversight Committee under Chairman Jason Chaffetz has issued a preservation order to Reddit relating to all of those threads posted by Combetta (Platte River Networks). The fun is just beginning..
( zero hedge)
vi)The following is a good indicator of how things are going in the USA: USA freight index drops to worst level in over 6 yrs.( Wolf Richter/WolfStreet)
vii)Texas Governor threatens to exit the Federal refugee program as he sees the light: ( zero hedge)
viii)Obama set to veto the 9/11 bill. The fun will then begin as both houses will no doubt re vote and since they have over 60%, Obama will be defeated. Then the Saudis will tender all of their treasuries which should sink the dollar
( YAHOO NEWS/AFP)
ix)Another poor confidence report; consumer comfort index crashes to its lowest levels in one year:
( zero hedge)
x)This is what happens when you run into financial trouble: you forgo maintenance. Now the island of Puerto Rico has no electricity for the 2nd day
( zero hedge)
xi)My goodness! This can only occur in the USA. Wells Fargo retaliates and fires whistleblowers who exposed the bank’s illegal practices. what crooks..
( zero hedge)
xii)Lawrie comments on two huge figures from John Williams:
the real inflation rate at a touch above 4%
the real unemployment/under employment rate of 23%
( Lawrie Williams/Sharp’s Pixley)
Let us head over to the comex:
The total gold comex open interest ROSE BY AN ASTRONOMICAL 17,955 CONTRACTS to an OI level of 576,746 as the price of gold ROSE by $13.20 with YESTERDAY’S trading. We are now in the NON active month of SEPTEMBER/
The contract month of Sept saw it’s OI FELL by 1 contract DOWN to 241. We had 72 notices filed yesterday so we gained 71 gold contracts or an additional 7100 gold ounces will stand for delivery. SOMEBODY AGAIN WAS IN GREAT NEED OF PHYSICAL GOLD. The next delivery month is October and here the OI lost 1072 contracts DOWN to 27,249. The next contract month of December showed an increase of 17,732 contracts up to 435,254 .The estimated volume today at the comex: 386,748 which is huge. Confirmed volume on yesterday: 121,600 which is poor.
Today we had 66 notices filed for 6600 oz of gold.
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And now for the wild silver comex results. Total silver OI ROSE BY A HUGE 4,890 contracts from 193,501 UP TO 198,391 with the RISE in price of silver to the tune of 49 cents yesterday. We are moving NOW CLOSER TO the all time record high for silver open interest set on Wednesday August 3: (224,540). We are now into the next active month of September and here the OI fell by 9 contracts down to 583. We had 8 notices filed upon yesterday so we LOST 1 contract or 5,000 additional oz will stand NOT for delivery in this active month of September. The next non active delivery movement of October gained 81 CONTRACTS TO 433 contracts. The next big delivery month is December and here it ROSE by 4762 contracts UP to 172,933. The volume on the comex today (just comex) came in at 70,820 which is huge. The confirmed volume yesterday (comex and globex) was fair at 36,510 . Silver is not in backwardation. London is in backwardation for several months.
today we had 27notices filed for silver: 135,000 oz
INITIAL standings for SEPTEMBER
SEPT 22.
Gold
Ounces
Withdrawals from Dealers Inventory in oz NIL
Withdrawals from Customer Inventory in oz nil
144,941.169 oz
incl 3000 kilobars
Scotia
jpm
Deposits to the Dealer Inventory in oz 5500.01 ozBrinks
??
Deposits to the Customer Inventory, in oz
nil
No of oz served (contracts) today
66 notices
6600 oz
No of oz to be served (notices)
175 contracts
(17,500 oz)
Total monthly oz gold served (contracts) so far this month
2565 contracts
256,500 oz
7.9782 tonnes
Total accumulative withdrawals of gold from the Dealers inventory this month 192.90 oz
Total accumulative withdrawal of gold from the Customer inventory this month 321,682.1 oz
Today; huge activity at the gold comex and 1 kilobar entry and another large amount of gold leaving the comex plus another of those strange deposits with respect to Brinks
We had 1 dealer deposit:
i) Into Brinks; 5500.01 oz
(this is the third this month from brinks with xxx.01 oz
Total dealer deposits; 5500.01 oz
We had 0 dealer withdrawals:
total dealer withdrawals; NIL oz
we had 0 customer deposits:
Total customer deposits: nil oz.
We had 2 customer withdrawals:
i) Out of JPM; 48,491.169 oz
ii) Out of Scotia: 96,450.000 oz (3000 kilobars)
total customer withdrawals: 144,941.169 oz
Today we had 1 dilly adjustment: and no doubt that these will be settlements and probably leave the comex:
i) Out of HSBC: 72,363.846 oz leaves the dealer account of HSBC and enters the customer account.
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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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 66 contract of which 0 notices were stopped (received) by jPMorgan dealer and 0 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 SEPT contract month, we take the total number of notices filed so far for the month (2565) x 100 oz or 256,500 oz, to which we add the difference between the open interest for the front month of SEPT (241 contracts) minus the number of notices served upon today (66) x 100 oz per contract equals 274,000 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 (2565) x 100 oz or ounces + {OI for the front month (241) minus the number of notices served upon today (66) x 100 oz which equals 266,900 oz standing in this non active delivery month of SEPT (8.5225 tonnes).
We gained an additional 7100 oz that will stand. We have surpassed our original standings on first day notice. (ON FIRST DAY NOTICE 7.5561 TONNES STOOD FOR DELIVERY) as well as surpassing the 8 tonne mark. This is without a doubt a record level of gold ounces standing for September.
Total dealer inventor 2,165,480.34 or 67.355 tonnes
Total gold inventory (dealer and customer) =10,705,125.851 or 332.97 tonnes
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 337.31 tonnes for a gain of 30 tonnes over that period. However since August 8 we have lost 20 tonnes leaving the comex.
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.
IN THE LAST MONTH 20 NET TONNES HAS LEFT THE COMEX.
Ladies and Gentlemen: We are now having our old fashioned run on the bank: the comex as gold is leaving by the buckets.
end
And now for silver
SEPT INITIAL standings
SEPT22. 2016
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
260,462.960 oz
Brinks, Scotia
Deposits to the Dealer Inventory
nil OZ
Deposits to the Customer Inventory
578,734.400 oz
HSBC
No of oz served today (contracts)
27 CONTRACTS
(135,000 OZ)
No of oz to be served (notices)
556 contracts
(2,780,000 oz)
Total monthly oz silver served (contracts) 2626 contracts (13,130,000 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 6,273,262.6 oz
today, we had 0 deposit into the dealer account:
total dealer deposit: nil oz
we had 0 dealer withdrawals:
total dealer withdrawals: NIL oz
we had 2 customer withdrawals:
i) Out of Brinks: 200,033.580
ii) Out of Scotia: 60,429.380 oz
Total customer withdrawals: 260,462.96 oz
We had 1 customer deposit:
i) Into HSBC: 578,634.400 oz
total customer deposits: 578,634.400 oz
we had 3 adjustment
i)from the Brinks vault: 14,762.700 oz was adjusted from the dealer account into the customer account of Brinks
ii) from Scotia: 39,395.500 oz was adjusted from the dealer account into the customer account of Scotia
iii) Out of CNT 113,312,239 oz was adjusted from the customer account into the dealer account of CNT
The total number of notices filed today for the SEPT contract month is represented by 27 contracts for 135,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPT., we take the total number of notices filed for the month so far at (2626) x 5,000 oz = 13,130,000 oz to which we add the difference between the open interest for the front month of SEPT (583) 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 SEPT contract month: 2626(notices served so far)x 5000 oz +(583 OI for front month of SEPT ) -number of notices served upon today (27)x 5000 oz equals 15,910,000 oz of silver standing for the SEPT contract month.
we LOST 1 contract or an additional 5,000 oz will NOT stand FOR DELIVERY IN THIS ACTIVE MONTH OF SEPTEMBER.
Total dealer silver: 31.105 million (close to record low inventory
Total number of dealer and customer silver: 171.011 million oz (close to a record low)
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
And now the Gold inventory at the GLD
Sept 22/a huge deposit of 6.53 tonnes of gold into the GLD/Inventory rests at 950.92 tonnes/this would be a paper deposit entry/
SEPT 21/ A HUGE DEPOSIT OF 5.69 TONNES INTO THE GLD/INVENTORY RESTS AT 944.39 TONNES
SEPT 20/A HUGE CHANGES IN INVENTORY AT THE GLD/: A WITHDRAWAL OF 3.86 TONNES/INVENTORY RESTS AT 938.75 TONNES
SEPT 19/2016: 10.39 TONNES WERE ADDED INTO THE GLD/THIS WOULD BE A “PAPER DEPOSIT”/INVENTORY RESTS AT 942.61 TONNES
Sept 16./no change in gold inventory at the GLD/Inventory rests at 932.22 tonnes
SEPT 15/another paper withdrawal of 3.27 tonnes of “gold” inentory leaves the GLD/Inventory rests at 932.22 tonnes
SEPT 14./A withdrawal of 4.45 tonnes of gold inventory from the GLD/Inventory rests at 935.49 tonnes
SEPT 13/no changes in gold inventory at the GLD/Inventory rests at 939.94 tonnes
Sept 12/no changes in gold inventory at the GLD/inventory rests at 939.94 tonnes
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SEPT 22/ Inventory rests tonight at 950.92 tonnes
end
Now the SLV Inventory
Sept 22/no change in inventory at the SLV/Inventory rests at 363.479 million oz/
SEPT 21/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ/
SEPT 20/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ
SEPT 19/A HUGE ADDITION OF 1.045 MILLION OZ WAS ADDED INTO THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ/
Sept 16/no changes in silver inventory/inventory rests at 362.434 million oz/
SEPT 15/no change in silver inventory/inventory rests at 362.434 million oz.
SEPT 14/no change in silver inventory at the SLV/Inventory rests at 362.434 million oz
sept 13/2016: a huge deposit of 1.329 million oz into the SLV/Inventory rests at 362.434 million oz/
Sept 12/a huge withdrawal of 1.614 million oz from the SLV/Inventory rests at 361.105 million oz
.
SEPT 22.2016: Inventory 363.479 million oz
end
NPV for Sprott and Central Fund of Canada
1. Central Fund of Canada: traded at Negative 5.0 percent to NAV usa funds and Negative 5.0% to NAV for Cdn funds!!!! (the discount is starting to disappear)
Percentage of fund in gold 59.2%
Percentage of fund in silver:39.7%
cash .+1.1%( SEPT 22/2016).
2. Sprott silver fund (PSLV): Premium rises to +1.07%!!!! NAV (SEPT 22/2016)
3. Sprott gold fund (PHYS): premium to NAV FALLS TO 0.61% to NAV ( SEPT 22/2016)
Note: Sprott silver trust back into POSITIVE territory at 1.07% /Sprott physical gold trust is back into positive territory at 0.61%/Central fund of Canada’s is still in jail.
http://www.silverdoctors.com/silver/silver-news/smash-time-gold-and-silver-prices-harvey-organ/#more-72749
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MMgys
Hope Y'all R Having A fine Weekend !
Smash Time: Gold & Silver Head into Options Expiry – Harvey Organ
Posted on September 23, 2016 by The Doc
Smash Time: Gold & Silver Head into Options Expiry – Harvey Organ
GOLD AND SILVER RALLY BUT WE ARE COMING INTO OPTIONS EXPIRY WEEK AND THE CROOKS ALWAYS WHACK…
RIOTS IN CHARLOTTE NC/POOR USA ECONOMIC REPORTS: CHICAGO FED NATIONAL MFG INDEX FALTERS;EXISTING HOME SALES FALL; POOR CONFIDENCE REPORT: CONSUMER COMFORT INDEX FALTERS
Gold $1340.40 up $13.50
Silver 20.02 up 33 cents
In the access market 5:15 pm
Gold: 1337.50
Silver: 20.00
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 Sept 22 (10:15 pm est last night): $ 1335.27
NY ACCESS PRICE: $1333.40 (AT THE EXACT SAME TIME)
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ 1337.76
NY ACCESS PRICE: 1333.60 (AT THE EXACT SAME TIME)
HUGE SPREAD TODAY!!
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London Fix: Sept 22: 5:30 am est: $1332.45 (NY: same time: $1332.90: 5:30AM)
London Second fix Sept 16: 10 am est: $1339.10 (NY same time: $1338.85 , 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 front September contract month we had 66 notices filed for 6600 oz
For silver: the front month of September we have a total of 27 notices filed for 135,000 oz
The way the gold/silver equity shares traded today (down) despite the rise in gold/silver metal, it seems that the bankers will try and raidtomorrow.
You may see a little hit tomorrow but a major whack on Friday. The boys love to raid on Friday’s because the physical markets are already closed for the weekend as we approach NY time zone.
Let us have a look at the data for today
.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest ROSE by 4890 contracts UP to 198,391. The open interest FELL as the silver price was UP 49 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .991 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia &ex China).
In silver we had 27 notices served upon for 135,000 oz
In gold, the total comex gold fell by A MONSTROUS 17,955 contracts as the price of gold rose BY $13.20 yesterday . The total gold OI stands at 576,746 contracts. The level of OI is still good for us as it will support a rise in gold price and it will be hard for the boys to raid.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD
LAST NIGHT WE HAD A HUGE CHANGE out of the GLD/ A MONSTROUS DEPOSIT OF 6.53 TONNES FROM THE GLD/ this no doubt is not physical gold but a paper entry.
Total gold inventory rest tonight at: 950.92 tonnes of gold
SLV
we had NO change with respect to inventory at the SLV
THE SLV Inventory rests at: 363.479 million oz
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver rose by 4890 contracts up to 198,391 as the price of silver ROSE by 49 cents with yesterday’s trading.The gold open interest rose by 17,955 contracts up to 576,746 as the price of gold rose $13.20 IN YESTERDAY’S 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
3. ASIAN AFFAIRS
i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed UP 16.44 POINTS OR .54%/ /Hang Sang closed UP 89.90 PONTS OR .38%. The Nikkei closed FOR HOLIDAY Australia’s all ordinaires CLOSED UP 0.65% /Chinese yuan (ONSHORE) closed UP at 6.6690/Oil rose to 45.82 dollars per barrel for WTI and 47.25 for Brent. Stocks in Europe: ALL IN THE GREEN Offshore yuan trades 6.6776 yuan to the dollar vs 6.6690 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE WIDENS AGAIN AS MORE USA DOLLARS ATTEMPT TO LEAVE CHINA’S SHORES
REPORT ON JAPAN SOUTH KOREA NORTH KOREA AND CHINA
3a)Korea:
none
b) REPORT ON JAPAN
The guys at Horseman Capital, the perennial short operation are extremely smart cookies. They have always done better than the average guy.
They have now come out and stated that the best short in the world right now are the Japanese banks as they cannot live in a NIRP world.
(courtesy zero hedge)
c) REPORT ON CHINA
none today
4 EUROPEAN AFFAIRS
GREECE
It is so bad in Greece that an increasing number of por Greeks cannot even afford a price of bread
Greece/zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
none today
6.GLOBAL ISSUES
none today
7.OIL ISSUES
none today
8.EMERGING MARKETS
none today
9.PHYSICAL STORIES
i)goldcore
ii)Lawrie further comments on that huge increase in Russian gold reserves announced yesterday at 21.77 tonnes. we reported on this yesterday but it is worth repeating
( Lawrie Williams/Sharp’s Pixley)
iii)Russia’s VTB bank announced that it will initially supply sovereign Russia with 12 to 15 tonnes and this will eventually rise to 80 to 100 tonnes. The ultimate buyer: China:Kranzler believes that conditions in the gold market are tight and China has called upon Russia to help her achieve her gold goals.
(courtesy Dave Kranzler/IRD)
10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER
i)We now have riots in Charlotte North Carolina:
( zero hedge)
ii)jobless claims hit 43 year lows and yet the sales outlook is extremely week.
GDP expectations also very weak…
( zero hedge)
iii)The all important Chicago Fed’s National Mfg activity Index contracted fro the 19th straight month.(Chicago Fed National Activity/zero hedge)
iv)Homes are just not moving as existing home sales slide again. They blame lack of household income:
( NAR/zero hedge)
v)The House oversight Committee under Chairman Jason Chaffetz has issued a preservation order to Reddit relating to all of those threads posted by Combetta (Platte River Networks). The fun is just beginning..
( zero hedge)
vi)The following is a good indicator of how things are going in the USA: USA freight index drops to worst level in over 6 yrs.( Wolf Richter/WolfStreet)
vii)Texas Governor threatens to exit the Federal refugee program as he sees the light: ( zero hedge)
viii)Obama set to veto the 9/11 bill. The fun will then begin as both houses will no doubt re vote and since they have over 60%, Obama will be defeated. Then the Saudis will tender all of their treasuries which should sink the dollar
( YAHOO NEWS/AFP)
ix)Another poor confidence report; consumer comfort index crashes to its lowest levels in one year:
( zero hedge)
x)This is what happens when you run into financial trouble: you forgo maintenance. Now the island of Puerto Rico has no electricity for the 2nd day
( zero hedge)
xi)My goodness! This can only occur in the USA. Wells Fargo retaliates and fires whistleblowers who exposed the bank’s illegal practices. what crooks..
( zero hedge)
xii)Lawrie comments on two huge figures from John Williams:
the real inflation rate at a touch above 4%
the real unemployment/under employment rate of 23%
( Lawrie Williams/Sharp’s Pixley)
Let us head over to the comex:
The total gold comex open interest ROSE BY AN ASTRONOMICAL 17,955 CONTRACTS to an OI level of 576,746 as the price of gold ROSE by $13.20 with YESTERDAY’S trading. We are now in the NON active month of SEPTEMBER/
The contract month of Sept saw it’s OI FELL by 1 contract DOWN to 241. We had 72 notices filed yesterday so we gained 71 gold contracts or an additional 7100 gold ounces will stand for delivery. SOMEBODY AGAIN WAS IN GREAT NEED OF PHYSICAL GOLD. The next delivery month is October and here the OI lost 1072 contracts DOWN to 27,249. The next contract month of December showed an increase of 17,732 contracts up to 435,254 .The estimated volume today at the comex: 386,748 which is huge. Confirmed volume on yesterday: 121,600 which is poor.
Today we had 66 notices filed for 6600 oz of gold.
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And now for the wild silver comex results. Total silver OI ROSE BY A HUGE 4,890 contracts from 193,501 UP TO 198,391 with the RISE in price of silver to the tune of 49 cents yesterday. We are moving NOW CLOSER TO the all time record high for silver open interest set on Wednesday August 3: (224,540). We are now into the next active month of September and here the OI fell by 9 contracts down to 583. We had 8 notices filed upon yesterday so we LOST 1 contract or 5,000 additional oz will stand NOT for delivery in this active month of September. The next non active delivery movement of October gained 81 CONTRACTS TO 433 contracts. The next big delivery month is December and here it ROSE by 4762 contracts UP to 172,933. The volume on the comex today (just comex) came in at 70,820 which is huge. The confirmed volume yesterday (comex and globex) was fair at 36,510 . Silver is not in backwardation. London is in backwardation for several months.
today we had 27notices filed for silver: 135,000 oz
INITIAL standings for SEPTEMBER
SEPT 22.
Gold
Ounces
Withdrawals from Dealers Inventory in oz NIL
Withdrawals from Customer Inventory in oz nil
144,941.169 oz
incl 3000 kilobars
Scotia
jpm
Deposits to the Dealer Inventory in oz 5500.01 ozBrinks
??
Deposits to the Customer Inventory, in oz
nil
No of oz served (contracts) today
66 notices
6600 oz
No of oz to be served (notices)
175 contracts
(17,500 oz)
Total monthly oz gold served (contracts) so far this month
2565 contracts
256,500 oz
7.9782 tonnes
Total accumulative withdrawals of gold from the Dealers inventory this month 192.90 oz
Total accumulative withdrawal of gold from the Customer inventory this month 321,682.1 oz
Today; huge activity at the gold comex and 1 kilobar entry and another large amount of gold leaving the comex plus another of those strange deposits with respect to Brinks
We had 1 dealer deposit:
i) Into Brinks; 5500.01 oz
(this is the third this month from brinks with xxx.01 oz
Total dealer deposits; 5500.01 oz
We had 0 dealer withdrawals:
total dealer withdrawals; NIL oz
we had 0 customer deposits:
Total customer deposits: nil oz.
We had 2 customer withdrawals:
i) Out of JPM; 48,491.169 oz
ii) Out of Scotia: 96,450.000 oz (3000 kilobars)
total customer withdrawals: 144,941.169 oz
Today we had 1 dilly adjustment: and no doubt that these will be settlements and probably leave the comex:
i) Out of HSBC: 72,363.846 oz leaves the dealer account of HSBC and enters the customer account.
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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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 66 contract of which 0 notices were stopped (received) by jPMorgan dealer and 0 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 SEPT contract month, we take the total number of notices filed so far for the month (2565) x 100 oz or 256,500 oz, to which we add the difference between the open interest for the front month of SEPT (241 contracts) minus the number of notices served upon today (66) x 100 oz per contract equals 274,000 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 (2565) x 100 oz or ounces + {OI for the front month (241) minus the number of notices served upon today (66) x 100 oz which equals 266,900 oz standing in this non active delivery month of SEPT (8.5225 tonnes).
We gained an additional 7100 oz that will stand. We have surpassed our original standings on first day notice. (ON FIRST DAY NOTICE 7.5561 TONNES STOOD FOR DELIVERY) as well as surpassing the 8 tonne mark. This is without a doubt a record level of gold ounces standing for September.
Total dealer inventor 2,165,480.34 or 67.355 tonnes
Total gold inventory (dealer and customer) =10,705,125.851 or 332.97 tonnes
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 337.31 tonnes for a gain of 30 tonnes over that period. However since August 8 we have lost 20 tonnes leaving the comex.
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.
IN THE LAST MONTH 20 NET TONNES HAS LEFT THE COMEX.
Ladies and Gentlemen: We are now having our old fashioned run on the bank: the comex as gold is leaving by the buckets.
end
And now for silver
SEPT INITIAL standings
SEPT22. 2016
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
260,462.960 oz
Brinks, Scotia
Deposits to the Dealer Inventory
nil OZ
Deposits to the Customer Inventory
578,734.400 oz
HSBC
No of oz served today (contracts)
27 CONTRACTS
(135,000 OZ)
No of oz to be served (notices)
556 contracts
(2,780,000 oz)
Total monthly oz silver served (contracts) 2626 contracts (13,130,000 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 6,273,262.6 oz
today, we had 0 deposit into the dealer account:
total dealer deposit: nil oz
we had 0 dealer withdrawals:
total dealer withdrawals: NIL oz
we had 2 customer withdrawals:
i) Out of Brinks: 200,033.580
ii) Out of Scotia: 60,429.380 oz
Total customer withdrawals: 260,462.96 oz
We had 1 customer deposit:
i) Into HSBC: 578,634.400 oz
total customer deposits: 578,634.400 oz
we had 3 adjustment
i)from the Brinks vault: 14,762.700 oz was adjusted from the dealer account into the customer account of Brinks
ii) from Scotia: 39,395.500 oz was adjusted from the dealer account into the customer account of Scotia
iii) Out of CNT 113,312,239 oz was adjusted from the customer account into the dealer account of CNT
The total number of notices filed today for the SEPT contract month is represented by 27 contracts for 135,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPT., we take the total number of notices filed for the month so far at (2626) x 5,000 oz = 13,130,000 oz to which we add the difference between the open interest for the front month of SEPT (583) 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 SEPT contract month: 2626(notices served so far)x 5000 oz +(583 OI for front month of SEPT ) -number of notices served upon today (27)x 5000 oz equals 15,910,000 oz of silver standing for the SEPT contract month.
we LOST 1 contract or an additional 5,000 oz will NOT stand FOR DELIVERY IN THIS ACTIVE MONTH OF SEPTEMBER.
Total dealer silver: 31.105 million (close to record low inventory
Total number of dealer and customer silver: 171.011 million oz (close to a record low)
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
And now the Gold inventory at the GLD
Sept 22/a huge deposit of 6.53 tonnes of gold into the GLD/Inventory rests at 950.92 tonnes/this would be a paper deposit entry/
SEPT 21/ A HUGE DEPOSIT OF 5.69 TONNES INTO THE GLD/INVENTORY RESTS AT 944.39 TONNES
SEPT 20/A HUGE CHANGES IN INVENTORY AT THE GLD/: A WITHDRAWAL OF 3.86 TONNES/INVENTORY RESTS AT 938.75 TONNES
SEPT 19/2016: 10.39 TONNES WERE ADDED INTO THE GLD/THIS WOULD BE A “PAPER DEPOSIT”/INVENTORY RESTS AT 942.61 TONNES
Sept 16./no change in gold inventory at the GLD/Inventory rests at 932.22 tonnes
SEPT 15/another paper withdrawal of 3.27 tonnes of “gold” inentory leaves the GLD/Inventory rests at 932.22 tonnes
SEPT 14./A withdrawal of 4.45 tonnes of gold inventory from the GLD/Inventory rests at 935.49 tonnes
SEPT 13/no changes in gold inventory at the GLD/Inventory rests at 939.94 tonnes
Sept 12/no changes in gold inventory at the GLD/inventory rests at 939.94 tonnes
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SEPT 22/ Inventory rests tonight at 950.92 tonnes
end
Now the SLV Inventory
Sept 22/no change in inventory at the SLV/Inventory rests at 363.479 million oz/
SEPT 21/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ/
SEPT 20/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ
SEPT 19/A HUGE ADDITION OF 1.045 MILLION OZ WAS ADDED INTO THE SLV/INVENTORY RESTS AT 363.479 MILLION OZ/
Sept 16/no changes in silver inventory/inventory rests at 362.434 million oz/
SEPT 15/no change in silver inventory/inventory rests at 362.434 million oz.
SEPT 14/no change in silver inventory at the SLV/Inventory rests at 362.434 million oz
sept 13/2016: a huge deposit of 1.329 million oz into the SLV/Inventory rests at 362.434 million oz/
Sept 12/a huge withdrawal of 1.614 million oz from the SLV/Inventory rests at 361.105 million oz
.
SEPT 22.2016: Inventory 363.479 million oz
end
NPV for Sprott and Central Fund of Canada
1. Central Fund of Canada: traded at Negative 5.0 percent to NAV usa funds and Negative 5.0% to NAV for Cdn funds!!!! (the discount is starting to disappear)
Percentage of fund in gold 59.2%
Percentage of fund in silver:39.7%
cash .+1.1%( SEPT 22/2016).
2. Sprott silver fund (PSLV): Premium rises to +1.07%!!!! NAV (SEPT 22/2016)
3. Sprott gold fund (PHYS): premium to NAV FALLS TO 0.61% to NAV ( SEPT 22/2016)
Note: Sprott silver trust back into POSITIVE territory at 1.07% /Sprott physical gold trust is back into positive territory at 0.61%/Central fund of Canada’s is still in jail.
http://www.silverdoctors.com/silver/silver-news/smash-time-gold-and-silver-prices-harvey-organ/#more-72749
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