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Harvey Organ: Oil for Gold-Backed Chinese Yuan Beginning On October 18th
October 5, 2017 7 1799

Harvey Organ believes the new Chinese yuan based global oil contracts, which Harvey says will be convertible into gold on the Shanghai Gold Exchange, will begin on October 18th. Here’s why…

By Harvey Organ of Harvey Organ Blog

OCT 4/SPAIN TO DECLARE THEIR INDEPENDENCE ON MONDAY/TRUMP STATES THAT BONDHOLDERS OF PUERTO RICO BONDS WILL BE WIPED OUT/GOLD AND SILVER HOLD/

GOLD: $1272.10 UP $0.10

Silver: $16.60 DOWN 1 CENT(S)

Closing access prices:

Gold $1274.80

silver: $16.61

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $n/a DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $n/a

PREMIUM FIRST FIX: $8.24 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $n/a

NY GOLD PRICE AT THE EXACT SAME TIME: $/na

Premium of Shanghai 2nd fix/NY:$13.00 (PREMIUMS GETTING LARGER)

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LONDON FIRST GOLD FIX: 5:30 am est $not important

NY PRICING AT THE EXACT SAME TIME: $not important

LONDON SECOND GOLD FIX 10 AM: $1283.10

NY PRICING AT THE EXACT SAME TIME. 1283.10

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 75 NOTICE(S) FOR 7500 OZ.

TOTAL NOTICES SO FAR: 2115 FOR 211,500 OZ (6.5785 TONNES)

For silver:

OCTOBER

23 NOTICES FILED TODAY FOR

115,000 OZ/

Total number of notices filed so far this month: 316 for 1,695,000 oz

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end

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY ROSE BY 285 contracts from 183,209 UP TO 183,494 WITH RESPECT TO YESTERDAY’S TRADING (UP 1 CENT ). THE CROOKS TRIED TO COVER AS MUCH OF THEIR SILVER SHORTS AS POSSIBLE BUT IT LOOKS LIKE THEY FAILED AGAIN

RESULT: A SMALL SIZED RISE IN OI COMEX WITH THE 1 CENT PRICE RISE AND CONSTANT TORMENT. IT SURE LOOKS LIKE OUR BANKERS FAILED AGAIN IN THEIR ATTEMPT TO COVER THEIR MASSIVE SILVER SHORTFALL

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.915 BILLION TO BE EXACT or 131% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 19 NOTICE(S) FOR 95,000 OZ OF SILVER.

In gold, the open interest FELL BY A MUCH LARGER THAN EXPECTED 5604 CONTRACTS WITH THE FALL in price of gold ($2.75 ) . The new OI for the gold complex rests at 525,127. WE HAVE NOW ENTERED GOLDEN WEEK (ONE WEEK OF CHINESE HOLIDAY)..SO EXPECT TORMENT FOR THE REST OF THE WEEK AS THE CROOKS DO NOT HAVE TO WORRY ABOUT PHYSICAL DELIVERIES FOR A WEEK. OUR BANKER FRIENDS WERE QUITE SUCCESSFUL IN COVERING MORE OF THEIR GOLD SHORTS.

Result: A GOOD SIZED DECREASE IN OI WITH THE FALL IN PRICE IN GOLD ($2.75)

we had: 75 notice(s) filed upon for 7,500 oz of gold.

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

GLD:

Tonight , NO CHANGES in gold inventory at the GLD

Inventory rests tonight: 854.30 tonnes.

SLV

Today: NO changes in inventory:

INVENTORY RESTS AT 326.615 MILLION OZ

Let us head over to the comex:

The total gold comex open interest FELL BY MUCH LARGER THAN EXPECTED 5604 CONTRACTS DOWN to an OI level of 525,127 WITH THE FALL IN THE PRICE OF GOLD ($2.75 LOSS IN YESTERDAY’S TRADING). OUR BANKER FRIENDS WERE QUITE SUCCESSFUL IN THEIR ATTEMPT TO COVER SOME OF THEIR HUGE GOLD SHORTFALL. OCTOBER IS AN ACTIVE DELIVERY MONTH ALTHOUGH IT IS THE WEAKEST IN TERMS OF ACTUAL DELIVERIES AND OPEN INTEREST. WE CAN VISUALIZE THAT THROUGHOUT THE MONTH OF SEPTEMBER, THE CROOKS UTILIZED THE EMERGENCY EFP SCHEME TO TRANSFER OBLIGATIONS OVER TO LONDON. IT THEN STANDS TO REASON THAT IF THE EMERGENCY WAS IN FORCE THROUGHOUT THE MONTH OF SEPTEMBER IT WOULD CONTINUE ON FIRST DAY NOTICE. IT LOOKS LIKE ANOTHER 7200 LONG COMEX CONTRACTS WERE GIVEN 7200 EFP’S. WE HAVE NOW ENTERED GOLDEN WEEK WHERE ALL OF CHINA IS OFF AND AS SUCH EXPECT CONSTANT TORMENT FOR THE REST OF THE WEEK.

Result: a LARGER SIZED open interest DECREASE WITH THE SMALL SIZED FALL IN THE PRICE OF GOLD ($2.75) . BANKERS SUCCESSFUL IN THEIR ATTEMPT TO COVER THEIR GOLD SHORTFALL

CHINA THREW OUT A TRIAL BALLOON LAST MONTH THAT THEY WERE CONSIDERING A YUAN BASED OIL CONTRACT ON THE SHANGHAI EXCHANGE AND THEN THE RECIPIENT OF YUAN WILL ALSO HAVE THE OPTION OF CONVERTING TO GOLD. I NOW STRONGLY BELIEVE THAT THAT IS THE REASON FOR THE CONSTANT TORMENT. THE BANKERS KNOW THAT THEIR GAME WILL BE UP ONCE WE GET A YUAN-PETRO SCHEME WITH A CONVERSION OF YUAN INTO GOLD.

I BELIEVE THE CHINESE WILL INTRODUCE THIS SCHEME AT THEIR BIG 5 YR FORUM BEGINNING ON OCT 18.

I WOULD IMAGINE THAT THE CHINESE WOULD TAKE IN ALL GOLD INITIALLY AT SAY $2,000…AND THE NEW GOLD RECEIVED WOULD BE USED TO SETTLE ON YUAN CASHED. IF 2,000 DOLLARS IS INSUFFICIENT TO RAISE ENOUGH GOLD, THEN FURTHER INCREASES WILL BE THE ORDER OF THE DAY UNTIL EQUILIBRIUM.

THE BANKERS FEARING THIS, HAS ORCHESTRATED HUGE RAIDS THESE PAST 2 WEEKS HOPING TO COVER AS MANY GOLD/SILVER SHORTS AS POSSIBLE.

We have now entered the active contract month of Oct and here we saw a LOSS of 1733 contracts DOWN to 489 contracts. We had 1601 notices filed yesterday so we lost 132 contracts or 13,200 oz will not stand for delivery at the comex. However 132 EFP notices were given to those longs which gives them a fiat bonus plus a future delivery product on another bourse and most likely that would be London. These departing longs would thus receive a London based forward contract for delivery at another date. These EFP’s are supposed to be for emergency purposes only but the crooks are continually using this escape hatch.

The November contract saw A GAIN OF 219 contracts UP to 1939.

The very big active December contract month saw it’s OI LOSS OF 4298 contracts DOWN to 416,075.

We had 75 notice(s) filed upon today for 7,500 oz

VOLUME FOR TODAY (PRELIMINARY) 270,845

CONFIRMED VOLUME YESTERDAY: 212,908

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And now for the wild silver comex results. Total silver OI SURPRISINGLY ROSE BY 285 CONTRACTS FROM 183,209 UP TO 183,494 WITH YESTERDAY’S 1 CENT RISE IN PRICE. WE HAVE HAD ZERO BANKER SHORT COVERING AS THEIR RAID FAILED AGAIN TO LOOSEN MORE SILVER LONGS FROM THE SILVER TREE. WE HAVE NOW ENTERED GOLDEN WEEK IN WHICH THE ENTIRE COUNTRY OF CHINA SHUTS DOWN. SINCE CHINA IS THE DOMINANT PURCHASER OF BOTH SILVER AND GOLD, EXPECT CONSTANT TORMENT FOR THE NEXT WEEK AS THEY ARE ABSENT FROM THE MARKET.
We have now entered the non active contract month of October and here the OI LOST 14 contacts DOWN TO 549. We had 12 notices filed yesterday so we lost a tiny 2 contracts or 10,000 oz will not stand for delivery. November saw a gain of 22 contract(s) and thus RISING TO 263. After November, the NEXT big active contract month is December and here the OI LOST 1163 contracts DOWN to 143,274 contracts.
We had 23 notice(s) filed for 115,000 oz for the OCT. 2017 contract

INITIAL standings for OCTOBER
Oct.4/2017.

Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
n/a oz
\
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
nil
No of oz served (contracts) today

75 notice(s)
7500 OZ
No of oz to be served (notices)
414 contracts
(41,400 oz)
Total monthly oz gold served (contracts) so far this month
2115 notices
211,500 oz
6.5785 tonnes
Total accumulative withdrawals of gold from the Dealers inventory this month NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month 23,630.25 oz

Today we HAD n/a kilobar transaction(s)/
WE HAD 0 DEALER DEPOSIT:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: 0 oz
we had 0 customer deposit(s):
total customer deposits; nil oz
We had n/acustomer withdrawal(s)
total customer withdrawals; n/a oz
we had 0 adjustment(s)
For OCT:
Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 75 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.

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To calculate the INITIAL total number of gold ounces standing for the OCTOBER. contract month, we take the total number of notices filed so far for the month (2115) x 100 oz or 211,500 oz, to which we add the difference between the open interest for the front month of OCT. (489 contracts) minus the number of notices served upon today (75) x 100 oz per contract equals 252,900 oz, the number of ounces standing in this active month of OCT.

Thus the INITIAL standings for gold for the OCTOBER contract month:
No of notices served (2115) x 100 oz or ounces + {(489)OI for the front month minus the number of notices served upon today (75) x 100 oz which equals 252,900 oz standing in this active delivery month of OCTOBER (7,866 tonnes).
WE LOST 132 CONTRACTS OR AN ADDITIONAL 13,200 OZ WILL NOT STAND. HOWEVER THESE LONGS WERE GIVEN 132 EFP CONTRACTS WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURE DELIVERABLE PRODUCT ON ANOTHER EXCHANGE AND THAT IS MOST LIKELY A LONDON FORWARD.
IT WAS OBVIOUS THAT THERE WAS HARDLY ANY GOLD TO DELIVER UPON LONGS IN SEPTEMBER. THUS THE CROOKS USE THE EFP’S TO TRANSFER THEIR OBLIGATION TO ANOTHER EXCHANGE. THIS IS WHY ANOTHER 5400 EFP’S WERE ISSUED FOR OCTOBER GOLD ON FIRST DAY NOTICE.
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Total dealer inventory 692,948.570 or 21.49 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,737,775.667 or 271.7812 tonnes

I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process and are being used in the raiding of gold!
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 at MF Global.

IN THE LAST 13 MONTHS 81 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE OCTOBER DELIVERY MONTH
OCTOBER INITIAL standings
Oct 4 2017

Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
n/a oz
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
n/a oz
No of oz served today (contracts)
23 CONTRACT(S)
(115,000 OZ)
No of oz to be served (notices)
526 contracts
(2,630,000 oz)
Total monthly oz silver served (contracts) 339 contracts (1,695,000 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 2912.95 oz

today, we had n/a deposit(s) into the dealer account:
total dealer deposit: n/a oz
we had n.a dealer withdrawals:
total dealer withdrawals: nil oz
we had n/a customer withdrawal(s):
TOTAL CUSTOMER WITHDRAWALS: n/a oz
We had 0 Customer deposit(s):
***deposits into JPMorgan have stopped again
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
why is JPMorgan bringing in so much silver??? why is this not criminal in that they are also the massive short in silver
total customer deposits: nil oz

we had n/a adjustment(s)
The total number of notices filed today for the OCTOBER. contract month is represented by 23 contract(s) for 115,000 oz. To calculate the number of silver ounces that will stand for delivery in OCTOBER., we take the total number of notices filed for the month so far at 339 x 5,000 oz = 1,695,000 oz to which we add the difference between the open interest for the front month of OCT. (549) and the number of notices served upon today (23 x 5000 oz) equals the number of ounces standing.

Thus the INITIAL standings for silver for the OCTOBER contract month: 339 (notices served so far)x 5000 oz + OI for front month of OCTOBER(549 ) -number of notices served upon today (23)x 5000 oz equals 4,325,000 oz of silver standing for the OCTOBER contract month. This is HUGE for this NON active delivery month. FOR THE FIRST TIME IN OVER 6 MONTHS WE LOST 2 CONTRACTS OR AN ADDITIONAL 10,000 OZ WILL NOT STAND FOR DELIVERY. LET US SEE IF THE DELIVERIES INCREASE FOR TOMORROW.
ESTIMATED VOLUME FOR TODAY: 73,582
CONFIRMED VOLUME FOR YESTERDAY: 53,537

Total dealer silver: 38.824 million (close to record low inventory
Total number of dealer and customer silver: 219.795 million oz
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42
The previous record was 224,540 contracts with the price at that time of $20.44
end




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