The GraveYard Shift

[JD400]

Summer Kick Off


Good Evening Ladies & Gentleman


~Welcome To



~*~Mining & Metals Du Jour~*~ Graveyard Shift~


Wow We Haven't Had A Kick Off In A While

115 here 3rd day in a row and still not as Hot as this Mining & Metals Board

You guys Kicking it Out !!! Man

Good Stuff Y'All Thanks and here's some more HOT DATA

Glad To Have You With Us ! Hope You EnJOY

***Lets Kick Off The Summer***

MMgys

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Over 10 TONNES of Gold Standing for Delivery! – Harvey Organ


Posted on June 21, 2017 by The Doc

THE STUBBORN LONGS WHO ARE REMAINING STOIC AT THE COMEX ARE SO FAR REFUSING THAT FIAT BONUS (OVER 10 TONNES STANDING)

I bet that everyone of you would have guessed that open interest would have declined in both gold and silver with the relentless attack.

Guess again!!

the comex gold open interest surprisingly rose 4641 contracts up to 447,256 with the fall in gold price ($3.20)
we lost 81 contracts in the front June contract month. We had 23 notices filed upon, so again we lost 58 contracts or 5800 oz will not stand at the comex but 58 EFP’s were issued which no doubt will lead to deliveries in London.
amt standing at the gold comex: 331,500 oz or 10.311 tonnes
silver:
surprisingly the silver open interest rose by 1619 contracts up to 200,332 despite silver’s fall of 8 cents today.
the front June contract month saw a gain of 38 notices. we had 3 notices filed upon so we gained 41 notices or an additional 205,000 oz will stand and 0 EFP notices were issued.
front July contract month for 2017: 76,397
July 2016 at the exact same time: 83,808
total amt standing for metal in 2017: 4,855,000 oz
here is your data..

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: $1255.01 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1245.90

PREMIUM FIRST FIX: $9.11
For comex gold:
JUNE/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 9 NOTICE(S) FOR 900 OZ.

TOTAL NOTICES SO FAR: 2621 FOR 262,100 OZ (8.1524 TONNES)



For silver:
JUNE 40 NOTICES FILED TODAY FOR

200,000 OZ/

Total number of notices filed so far this month: 957 for 4,785,000 oz
Let us head over to the comex:

The total gold comex open interest SURPRISINGLY ROSE BY 4,641 CONTRACTS UP to an OI level of 447,256 DESPITE THE FALL IN THE PRICE OF GOLD ($3.20 with YESTERDAY’S trading). An open interest of around 390,000 to 400,000 is core and nothing will move these guys from their contracts.

We are now in the contract month of JUNE and it is one of the BETTER delivery months of the year. In this JUNE delivery month we had A LOSS OF 81 contract(s)FALLING TO 703. We had 23 notices filed yesterday so we LOST 58 contract(s) or an additional 5800 oz will NOT stand for delivery in this very active delivery month of June AND 58 CONTRACT(S) RECEIVED AN EFP CONTRACT WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURE GOLD CONTRACT/OR A LONG CALL OR MOST LIKELY A LONDON BASED FORWARD GOLD CONTRACT. THESE EFP’S ARE PRIVATE OFF COMEX TRANSACTIONS. THE STUBBORN LONGS WHO ARE REMAINING STOIC AT THE COMEX ARE SO FAR REFUSING THAT FIAT BONUS (OVER 10 TONNES STANDING)
Below is a little background on the EFP contracts initiated by our bankers:

We now know for certain that private EFP contracts are given by the bankers when faced with an upcoming active delivery month and they state that this is for emergency purposes only and that they do not have actual physical metal to deliver upon in the front month. We just do not know the makeup of that private deal. It is my contention that the longs in GOLD FOR INSTANCE at the end of MAY (for June contracts) were given a fiat bonus plus a long “in the money” call for a future July contract or a August FUTURE contract or MAYBE EVEN A LONDON BASED FORWARD GOLD CONTRACT. . and this is why the total comex open interest complex obliterates as we enter first day notice.
So now everything makes sense: the obliteration of OI as we enter first day notice has not really occurred in the real sense but replaced with a future long contract call and/or an off -comex London based gold contract with some bonus money for their effort.

The non active July contract LOST 456 contracts to stand at 1598 contracts. The next big active month is August and here the OI LOST 12,631 contracts DOWN to 310,937, as the bankers trying to keep this month down to manageable size.

We had 9 notice(s) filed upon today for 900 oz
For JUNE:


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 9 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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Tonights Graveyard Shift Is Brought To By:Shit Sandwich





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To calculate the initial total number of gold ounces standing for the JUNE. contract month, we take the total number of notices filed so far for the month (2621) x 100 oz or 262,100 oz, to which we add the difference between the open interest for the front month of JUNE (703 contracts) minus the number of notices served upon today (9) x 100 oz per contract equals 331,500 oz, the number of ounces standing in this active month of JUNE.

Thus the INITIAL standings for gold for the JUNE contract month:
No of notices served so far (2621) x 100 oz or ounces + {(703)OI for the front month minus the number of notices served upon today (9) x 100 oz which equals 331,500 oz standing in this active delivery month of JUNE (10.311 tonnes)
.
WE LOST 58 CONTRACTS OR AN ADDITIONAL 5800 OZ WILL NOT STAND AT THE COMEX AND 58 CONTRACT WAS GIVEN AN EFP CONTRACTS WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURES GOLD CONTRACT OR A LONG CALL ON A GOLD CONTRACT OR MOST LIKELY A LONDON BASED GOLD FORWARD CONTRACT. YOU CAN NOW SEE WHY THE COT REPORTS ARE DISTORTED DUE TO THE ISSUANCE OF THESE EFP CONTRACTS


AND NOW FOR SILVER


And now for the wild silver comex results. Total silver OI SURPRISINGLY ROSE BY 1619 contracts FROM 198,713 UP TO 200,332 DESPITE YESTERDAY’S 8 CENT LOSS. OUR BANKER FRIENDS ARE DESPERATELY TRYING TO COVER THEIR SHORTS IN SILVER BUT AS YOU CAN SEE THEY HAVE NOT BEEN AS SUCCESSFUL AS THEY WOULD HAVE LIKED.




We are in the NON active delivery month is JUNE Here the open interest GAINED 38 contract(s) RISING TO 54 contracts. We had 3 notices served upon yesterday so we GAINED 41 CONTRACTS OR AN ADDITIONAL 205,000 OZ OF SILVER WILL STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF JUNE AND 0 EFP CONTRACTS WERE ISSUED. IT SEEMS WE ARE CONTINUING WHERE WE LEFT OFF LAST MONTH IN SILVER AS INVESTORS ARE WILLING TO FORGO THE FIAT PROFIT JUST TO SECURE PHYSICAL SILVER METAL.


The next big active month will be July and here the OI LOST 5664 contracts DOWN to 76,397 as we start to wind down before first day notice Friday, June 30. July will be interesting to watch in silver as we witness fewer players pitching for EFP contracts than with gold.

The month of August, a non active month picked up 1 contracts to stand at 92. The next big active delivery month for silver will be September and here the OI already jumped by another 6735 contracts up to 82,001.

I will give you a snapshot as to what happened last year at the exact number of days before first day notice:

WEDNESDAY, June 21.2016: 83,808 contracts were still outstanding vs 76,397 contracts June 21.2017

At the conclusion of June, the final standing for physical silver was 3,080,000 oz and we have already surpassed that number this year (4,595,000 oz).

The line in the sand is $18.50 for silver and again it has been defended by the criminal bankers. Once this level is pierced, the monstrous billion oz of silver shorts will blow up. The bankers are defending the Alamo with their last stand at the $18.50 mark. THE NEW RECORD HIGH IN OPEN INTEREST WAS SET FRIDAY APRIL 21/2017 AT: 234,787.

As for the July contracts:

Initial amount that stood for silver for the July 2016 contract: 14.785 million oz

Final standing: 12.370 million with the difference being EFP’s taking delivery in London.


We had 40 notice(s) filed for 200,000 oz for the June 2017 contract
The total number of notices filed today for the JUNE. contract month is represented by 40 contract(s) for 200,000 oz. To calculate the number of silver ounces that will stand for delivery in JUNE., we take the total number of notices filed for the month so far at 957 x 5,000 oz = 4,785,000 oz to which we add the difference between the open interest for the front month of JUNE (54) and the number of notices served upon today (40) x 5000 oz equals the number of ounces standing



.

Thus the initial standings for silver for the JUNE contract month: 957 (notices served so far)x 5000 oz + OI for front month of JUNE.(54 ) -number of notices served upon today (40)x 5000 oz equals 4,855,000 oz of silver standing for the JUNE contract month.

We gained 41 contracts or an additional 205,000 oz will stand for delivery. WE ALSO HAD 0 EFP CONTRACTS THAT WERE ISSUED AS THE LONGS REFUSED A FIAT BONUS: THEY WANT THEIR PHYSICAL SILVER. THIS IS THE 15TH CONSECUTIVE TRADING DAY THAT WE EITHER GAINED NOR DID WE LOSE ANY SILVER CONTRACTS THROUGH THE EFP ROUTE.

http://www.silverdoctors.com/gold/gold-news/over-10-tonnes-of-gold-standing-for-delivery-harvey-organ/#more-79072
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Thanks Harvey & Doc Jesse GATA and All
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German business magazine publishes major article on gold market manipulation


Submitted by cpowell on Wed, 2017-06-21 20:29. Section: Daily Dispatches

4:31p ET Wednesday, June 21, 2017

Dear Friend of GATA and Gold:

Focus Money, a German-language business magazine published in Munich with circulation of more than 100,000, this month included a major article about gold market manipulation. It cites GATA's work and quotes your secretary-treasurer and the economist and market manipulation researcher Rosa Abrantes-Metz. The article, written by Johannes Heinritzi, is well-illustrated and is posted in PDF format at GATA's internet site here:

http://www.gata.org/files/FocusMoney-06-07-2017.pdf

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Dave Kranzler: Anti-gold propaganda flares up



Submitted by cpowell on Wed, 2017-06-21 19:56. Section: Daily Dispatches

By Dave Kranzler
Investment Research Dynamics, Denver
Wednesday, June 21, 2017

Predictably, after the gold price has been pushed down in the paper market by the Western central banks -- primarily the Federal Reserve -- negative propaganda to outright fake news proliferates.

The latest smear-job comes from London-based Capital Economics by way of Kitco.com. Some "analyst" -- Simona Gambarini -- with the job title of "commodity economist," reports that "gold's luck has run out" with the 25-basis-point nudge in rates by the Fed. She further explains that her predicted two more rate hikes will cause even more money to leave the gold market.

Hmmm. ... If Gambarini were a true economist, she would have conducted enough research of interest rates to know that every cycle in which the Fed raises the Fed Funds rate is accompanied by a rise in the price of gold. This is because the market perceives the Fed to be "behind the curve" on rising inflation, something to which several Fed heads have alluded. ...

... For the remainder of the report:

http://investmentresearchdynamics.com/anti-gold-propaganda-flares-up/

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Shanghai Gold Exchange to offer yuan-back futures contract in Budapest


Submitted by cpowell on Wed, 2017-06-21 18:46. Section: Daily Dispatches

By Maggie Zhang
South China Morning Post, Hong Kong
Wednesday, June 21, 2017

China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China's sole gold bourse said today, reflecting on Beijing's attempt to vie for a bigger say in the price-setting of the precious metal.

It is now expected that a gold futures contract based on China's yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second half of this year, said Jiao Jinpu, chairman of the Shanghai Gold Exchange (SGE) at the Lujiazui Forum, which ends in Shanghai today.

SGE is considered the world's largest physical bullion exchange.

The yuan-backed benchmark fix, launched by the SGE in April 2016, reflects Beijing's hopes of reducing its reliance on U.S.-dollar based prices of the metal, he said.

It also reflects Beijing's latest step to push ahead its plan to make the yuan a global currency, analysts added. ...

... For the remainder of the report:

http://www.scmp.com/business/china-business/article/2099370/shanghai-gol...

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Confronting the Unspeakable

"Those who are at present so eager to be reconciled with the world at any price must take care not to be reconciled with it under this particular aspect: as the nest of The Unspeakable. This is what too few are willing to see...

Be human in this most inhuman of ages; guard the image of man for it is the image of God."

Thomas Merton, Raids on the Unspeakable


“A true opium of the people is a belief in nothingness after death— the huge solace of thinking that for our betrayals, greed, cowardice, and murders that we are not going to be judged.”

Czeslaw Milosz


“We can believe what we choose. We are answerable for what we choose to believe.”

John Henry Newman


They house people in deathtraps. They poison the drinking water. They financialize and corrupt almost every otherwise beneficial social institution from public education to healthcare. They foment endless wars for the pursuit of their own power and profits.

They have the courts pronounce their soulless piles of money, the corporations, as 'people,' while people themselves are judged to be of little consequence, to be thrown aside as if they were trash.

They catch the unsuspecting within the jaws of stagnant wages and corporate monopolies, and squeeze until there is nothing left.

This is the return of the anti-human madness. This is the Unspeakable.

Government ministers ‘congratulated themselves’ for cutting fire regulations
Charles White for Metro.co.uk
Friday 16 Jun 2017

"Conservative ministers were proud of slashing fire regulations, just months ahead of the Grenfell Tower block blaze.

In February this year, ministers posted on a government website details of their ‘anti-red tape’ agenda on new-build properties.

In a separate report fire safety inspections, the Conservatives said, had been reduced for some companies from six hours to just 45 minutes.

The move, titled Cutting Red Tape, was part of the Tory plans to abolish a ‘health and safety’ culture that they claimed was hurting money-making businesses.

Residents in Grenfell Tower block have complained that their homes were not properly fire-safe including lack of sprinklers and alarms.

Former Prime Minister David Cameron promised to abolish the ‘albatross’ of ‘over regulation’.

He said in 2012 that a Conservative government would: ‘Kill off the health and safety culture for good’.

The death toll from the fire in Kensington is expected to rise to almost 100.

More than 2,400 pieces of regulation have been scrapped since Cut Red Tape began...

Read the original article here.

http://metro.co.uk/2017/06/16/government-ministers-congratulated-themselves-for-cutting-fire-regulations-6713967/




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