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China Will FEAST On Gold and Silver Monday – Harvey Organ
Posted on October 8, 2016 by The Doc

China Will FEAST On Gold and Silver Monday – Harvey Organ

We will see a rise in the gold and silver price starting Monday as China will be back from their one week holiday, and they will have a feast on the low prices…



Gold $1252.50 down $0.50

Silver 17.42 up 12 cents

I will be back on Monday and I will bring you my normal commentary. I will

a short version on Tuesday night and then report to you very late Wednesday night

As for gold, we will see a rise in the gold and silver price starting Monday as China will be back from their one week holiday and they will have a feast on the low price.
2016 Silver Eagles Sale
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

Shanghai fix closed this week for holiday

.

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:

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London Fix: Sept 30: 5:30 am est: $1255.40 (NY: same time:1255.40 $: 5:30AM)

London Second fix Sept 30: 10 am est: $1258.55 (NY same time: $1258.55 , 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 : 3 for 300 oz


For silver:

for the Oct contract month: 9 notices for 45,000 oz.


Let us have a look at the data for today

.

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In silver, the total open interest fell by 2974 contracts down to 191,837. The open interest fell as the silver price was down 25 cents in yesterday’s trading .In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .9590 BILLION TO BE EXACT or 137% of annual global silver production (ex Russia &ex China).

In silver for October we had 9 notices served upon for 45,000 oz

In gold, the total comex gold FELL by a whopping 12,059 contracts as the price of gold fell by $9.00 yesterday . The total gold OI stands at 511,340 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 2974 contracts down to 191,837 as the price of silver fell by 25 cents with yesterday’s trading.The gold open interest FELL by 12,059 contracts DOWN to 511,340 as the price of gold fell $9.00 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 12,059 CONTRACTS to an OI level of 511,340 the as price of gold fell by $9.00 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 135 contracts down to 251. We had 252 notices filed on yesterday so we gained 117 notices or an additional 11,700 oz will stand

The next delivery month is November and here the OI rose by 53 contracts up to 2988 contracts. The next contract month and the biggest of the year is December and here this month showed an decrease of 13,241 contracts down to 392,481.
Today we had 3 notices filed for 300 oz of gold.
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And now for the wild silver comex results. Total silver OI FELL BY 2974 contracts from 194,811 down to 191,837 as the price of silver fell to the tune of 25 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 rose by 11 contracts up to 96. We had 27 notices filed on yesterday so we gained 38 contracts or 190,000 additional oz will stand for delivery.The November contract month saw its OI rise by 7 contracts down to 365. The next major delivery month is December and here it FELL BY 3224 contracts DOWN to 159,493.

today we had 9 notices filed for silver: 45,000 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
3 notices
300 oz
No of oz to be served (notices)
248 contracts
24800
oz
Total monthly oz gold served (contracts) so far this month
7786contracts
778,600 oz
24.21 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


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 3 contract of which 1 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 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 (7786) x 100 oz or ounces + {OI for the front month (251) minus the number of notices served upon today (3) x 100 oz which equals 803,400 oz standing in this non active delivery month of Oct (24.989 tonnes).
we gained 38 contracts or an additional 3800 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)
9 CONTRACTS
(20,000 OZ)
No of oz to be served (notices)
87 contracts
(435,000 oz)
Total monthly oz silver served (contracts) 353 contracts (1,805,000 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: 353(notices served so far)x 5000 oz +(96 OI for front month of SEPT ) -number of notices served upon today (9)x 5000 oz equals 2,240,000 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 190,000 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 OZ.
that tells you something
BIG STORIES
COT report:
Our large specs in gold:
those large specs who are long in gold pitched an astonishingly high 34,536
those large specs who are short in gold added 11,560 contracts
Our criminal commercials:
those commercials who are long in gold pitched 11,292 contracts
those commercials who are short in gold covered an astonishing 54,644
and they continued on Wed. through Fri
Our small specs
those small specs who are long in gold added 1850 contracts
those small specs who are short in gold covered 1194 contracts.
silver cot
large specs
those large specs that are long in silver pitched a large 6184 contracts
those large specs that are short in silver added 2875 contracts to their short side
commercials:
those commercials that are long in silver added 724 contracts to their long side
those commercials that are short in silver covered whopping 9198 contracts
small specs:
those small specs that are long in silver pitched 824 contracts from their long side
those small specs that are short in silver added 39 contracts to their short side.



COT Gold, Silver and US Dollar Index Report – October 7, 2016
Google +

— Published: Friday, 7 October 2016 | Print | Comment – New!
Gold COT Report – Futures
Large Speculators Commercial Total
Long Short Spreading Long Short Long Short
324,136 78,628 53,866 111,864 383,106 489,866 515,600
Change from Prior Reporting Period
-34,836 11,560 5,941 -11,292 -54,644 -40,187 -37,143
Traders
177 110 84 48 56 270 208

Small Speculators
Long Short Open Interest
54,958 29,224 544,824
1,850 -1,194 -38,337
non reportable positions Change from the previous reporting period
COT Gold Report – Positions as of Tuesday, October 04, 2016

Silver COT Report: Futures
Large Speculators Commercial
Long Short Spreading Long Short
110,764 34,961 12,117 48,885 139,781
-6,184 2,875 3,545 724 -9,198
Traders
111 56 43 34 39
Small Speculators Open Interest Total
Long Short 198,747 Long Short
26,981 11,888 171,766 186,859
-824 39 -2,739 -1,915 -2,778
non reportable positions Positions as of: 169 118
Tuesday, October 04, 2016 © SilverSeek.com

end

http://www.silverdoctors.com/silver/silver-news/china-will-feast-on-gold-and-silver-monday-harvey-organ/#more-73256
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Thank You Harvey & Doc
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Jim Sinclair’s Commentary

You know that voter is a strong group in Washington with reservation in the big underground living quarters in the Mountain that want a nuclear way with Russia.

The US Air Force Just Dropped Two Fake Nukes
October 6, 2016

A pair of U.S. Air Force B-2 bombers dropped two 700-pound faux nuclear bombs in the middle of the Nevada desert within the past few days. Now the Pentagon wants to tell you about it.

Conducted “earlier this month,” according to an Oct. 6 press release, the test involved two dummy variants of the B61, a nuclear bomb that has been in the U.S. arsenal since the 1960s. One was an “earth penetrator” made to strike underground targets, the other a tactical version of the B61. Neither carried an actual warhead.

“The primary objective of flight testing is to obtain reliability, accuracy, and performance data under operationally representative conditions,” said the statement from the National Nuclear Security Administration, the Energy Department arm that oversees such tests. “Such testing is part of the qualification process of current alterations and life extension programs for weapon systems.”
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The latest from John Williams’ www.shadowstats.com

- With Contracting Monthly, Quarterly and Annual Activity, Real Construction Spending Remained Down by 25% (-25%) from Recovering Its Pre-Recession Peak

- Weakest Real Construction Spending Growth since Series Trough in 2011

- Widening of August Trade Deficit Was Due to Shrinking Services Surplus, Reflecting Payments for Importing Rio Olympics Intellectual Property

- With Second-Quarter Real Merchandise Trade Deficit Worst Since 2007, Temporary Soybean Export Explosion Has Narrowed Third-Quarter Deficit

- Central Bank Intervention Appeared to Drive October 4th Gold Selling. Is a Policy Shift Pending?

No. 837: August Trade Deficit, Construction Spending, Fed Policy

http://www.jsmineset.com/
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