The Longs Want Their Physical Silver! – Harvey Organ
Posted on June 16, 2017 by The Doc
THE LONGS REFUSED A FIAT BONUS: THEY WANT THEIR PHYSICAL SILVER.
the total comex gold OI fall by 11,336 contracts down to 462,665. the crooks wanted more but that is all the shortcovering they got. we lost 367 contracts tonight down to 1204 and these 367 received 367 EFP contracts which entitles them to a fiat bonus and most likely a London based forward. amt standing: 10,612 tonnes, with the remainder taking delivery over in London. silver is pulling their hair out. the open interest went down by only 3,637 with that huge 42 cent drop. Many are remaining stoic no matter what the price they knock it down to. the front June contract month lost 57 contracts down to 18. we had 67 notices filed upon today so for the 12 consecutive day we gained 10 contracts or an additional 50,000 oz will stand amt standing: 4,595,000 oz the front july contract : 90,211 vs July 16 2016: 90,828 i.e. on par. the crooks will no doubt try and attack tomorrow as silver is basically a noose around their neck. and they do not know how to extricate themselves from their mess. Here is your data for tonight:
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: $1260.95 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1252.61
PREMIUM FIRST FIX: $8.34 For comex gold: JUNE/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 336 NOTICE(S) FOR 33,600 OZ.
TOTAL NOTICES SO FAR: 2544 FOR 254400 OZ (7.912 TONNES)
For silver:
JUNE 10 NOTICES FILED TODAY FOR
50,000 OZ/
Total number of notices filed so far this month: 911 for 4,555,000 oz Let us head over to the comex:
The total gold comex open interest FELL BY A HUGE 11,336 CONTRACTS DOWN to an OI level of 462,665 WITH THE HUGE FALL IN THE PRICE OF GOLD ($20.40 with YESTERDAY’S trading)., The bankers were probably expecting even more gold leaves to fall from the gold tree with the raid yesterday. 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 369 contract(s)FALLING TO 1204. We had 2 notices filed yesterday so we LOST 367 contracts or an additional 36,700 oz will NOT stand for delivery in this very active delivery month of June AND 367 CONTRACTS 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 11 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 12 contracts to stand at 1896 contracts. The next big active month is August and here the OI LOST 13,229 contracts DOWN to 333,757, as the bankers trying to keep this month down to manageable size.
We had 336 notice(s) filed upon today for 33,600 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 336 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 192 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 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 (2544) x 100 oz or 254,400 oz, to which we add the difference between the open interest for the front month of JUNE (1204 contracts) minus the number of notices served upon today (336) x 100 oz per contract equals 377,900 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 (2544) x 100 oz or ounces + {(1204)OI for the front month minus the number of notices served upon today (336) x 100 oz which equals 341,200 oz standing in this active delivery month of JUNE (10.612 tonnes) . WE LOST 367 CONTRACTS OR AN ADDITIONAL 36700 OZ WILL NOT STAND AT THE COMEX AND 367 CONTRACTS) WERE GIVEN 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 FELL BY ONLY 3,637 contracts FROM 202,393 DOWN TO 198,756 WITH YESTERDAY’S BIG 42 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 SOMEHOW LOST 57 contract(s) FALLNG TO 18 contracts. We had 67 notices served upon yesterday so we AGAIN GAINED 10 CONTRACTS OR AN ADDITIONAL 50,000 OZ OF SILVER WILL STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF JUNE. 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. THIS IS THE 12TH CONSECUTIVE DAY THAT THE AMOUNT OF SILVER STANDING ADVANCED FROM FIRST DAY NOTICE.
The next big active month will be July and here the OI LOST 6617 contracts DOWN to 90,211 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 9 contracts to stand at 74. The next big active delivery month for silver will be September and here the OI already jumped by another 3273 contracts up to 67,754.
I will give you a snapshot as to what happened last year at the exact number of days before first day notice:
Monday, June 16.2016: 90,828 contracts were still outstanding vs 90,211 contracts June 16.2017
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 (3,945,000 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.
We had 10 notice(s) filed for 50,000 oz for the June 2017 contract The total number of notices filed today for the JUNE. contract month is represented by 10 contract(s) for 50,000 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 911 x 5,000 oz = 4,555,000 oz to which we add the difference between the open interest for the front month of JUNE (18) and the number of notices served upon today (10) x 5000 oz equals the number of ounces standing
.
Thus the initial standings for silver for the JUNE contract month: 911 (notices served so far)x 5000 oz + OI for front month of JUNE.(18 ) -number of notices served upon today (10)x 5000 oz equals 4,595,000 oz of silver standing for the JUNE contract month.
We gained 10 contracts or an additional 50,000 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.
www.silverdoctors.com/silver/silver-news/the-longs-want-their-physical-silver-harvey-organ/#more-78981 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Thank You GATA, Harvey & Doc Lov the Mini-data xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
MMgys
Hugo Salinas Price: Bitcoin is as much dream money as all fiat currencies Submitted by cpowell on Sat, 2017-06-17 01:35. Section: Daily Dispatches
This Insubstantial Pageant Faded. ...
By Hugo Salinas Price, President Mexican Civic Association for Silver Friday, June 16, 2017
We are living in a dream world.
All so-called money in the world is dream money that consists of digits issued by central banks; the so-called "reserves" of these central banks consist of digits issued by a small group of official digit-issuers, the central banks of the United States, the euro area, England, Japan, Switzerland, and, recently, of China.
Now a select group of digit-issuers that are not central banks have come into the dream-money world. T the principal one is the group of so-called "miners" that produce the bitcoin by solving complex mathematical problems. One day this feature will be the object of derision at the immense folly of mankind.
The bitcoin is being promoted by somewhat deceptive advertising. There are pictures of a bitcoin on the Internet, and the pictures show a coin that looks like a gold coin. But the bitcoin is only a digit in computers; a physical bitcoin does not exist. McDonald's sells hamburgers illustrated in mouth-watering pictures of the Big Mac. But what if their hamburgers really had no meat at all?
When the creator of the bitcoin -- and who it was remains a mystery -- presented the world with his creation, he (or she) claimed it was "money." Sooner or later many were saying the same thing. One dog barks, and all dogs bark with it. ...
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