BLOODBATH In Stocks and Bonds! – Harvey Organ

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Today, the big mover globally was the advance in yield on all bonds.  This is quite something since 2/3 of the world still have negative interest rates and QE to boot.

No doubt this caught the attention of investors and they decided that it was not worth it to keep their money in the stock market.

Keep in mind that a rapid rise in yields will cause a huge hardship to our underwriting derivative banks.

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

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The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 3 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 45 minutes before London’s first fix.

And now the fix recordings:

Shanghai morning fix Sept 13 (10:15 pm est last night): $1333.72

NY ACCESS PRICE: $1330.95 (AT THE EXACT SAME TIME)

Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$1331.23
NY ACCESS PRICE: 1328.86 (AT THE EXACT SAME TIME)

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London Fix: Sept 13: 3: am est:  $1328.50   (NY: same time:  $1328.80:    3 AM)

London Second fix Sept 8: 10 am est:  $1323.65  (NY same time: $1323.70 ,    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.

For comex gold:The front September contract month we had 20 notices filed for 2000 oz

For silver:  the front month of September we have a total of 27 notices filed for 135,000 oz

 

Let us have a look at the data for today

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In silver, the total open interest FELL by 2859 contracts down to 195,494. The open interest fell as  the silver price was whacked down 37 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .977 BILLION TO BE EXACT or 139% of annual global silver production (ex Russia &ex China). the crooks are doing a great job fleecing unsuspecting longs

In silver we had 27 notices served upon for 135,000 oz

In gold, the total comex gold fell by a whopping 10,745 contracts as  the price of gold fell BY $9.10 yesterday . The total gold OI stands at 576,719 contracts.  The level of OI now is good for us as it will support a rise in gold price.

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

GLD
we had no changes tonight out of the GLD/
Total gold inventory rest tonight at: 939.94 tonnes of gold

SLV
we had another big change with respect to inventory at the SLV a deposit of 1.329 million oz
THE SLV Inventory rests at: 362.434 million oz