Smash Time: Gold & Silver Head into Options Expiry – Harvey Organ

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GOLD AND SILVER RALLY BUT WE ARE COMING INTO OPTIONS EXPIRY WEEK AND THE CROOKS ALWAYS WHACK…

RIOTS IN CHARLOTTE NC/POOR USA ECONOMIC REPORTS: CHICAGO FED NATIONAL MFG INDEX FALTERS;EXISTING HOME SALES FALL; POOR CONFIDENCE REPORT: CONSUMER COMFORT INDEX FALTERS

Gold $1340.40 up $13.50
Silver 20.02  up 33 cents

In the access market 5:15 pm

Gold: 1337.50
Silver: 20.00

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

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 Sept 22 (10:15 pm est last night): $  1335.27

NY ACCESS PRICE: $1333.40 (AT THE EXACT SAME TIME)

Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   1337.76
NY ACCESS PRICE: 1333.60 (AT THE EXACT SAME TIME)
HUGE SPREAD TODAY!!

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London Fix: Sept 22: 5:30 am est:  $1332.45   (NY: same time:  $1332.90:    5:30AM)

London Second fix Sept 16: 10 am est:  $1339.10  (NY same time: $1338.85 ,    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 front September contract month we had 66 notices filed for 6600 oz

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

The way the gold/silver equity shares traded today  (down) despite the rise in gold/silver metal, it seems that the bankers will try and raidtomorrow.

You may see a little hit tomorrow but a major whack on Friday.  The boys love to raid on Friday’s because the physical markets are already closed for the weekend as we approach NY time zone.

Let us have a look at the data for today

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In silver, the total open interest ROSE by 4890 contracts UP to 198,391. The open interest FELL as the silver price was UP 49 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .991 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia &ex China).

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

In gold, the total comex gold fell by A MONSTROUS 17,955 contracts as  the price of gold rose BY $13.20 yesterday . The total gold OI stands at 576,746 contracts.  The level of OI  is still good for us as it will support a rise in gold price and it will be hard for the boys to raid.

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

GLD
LAST NIGHT WE HAD A HUGE CHANGE  out of the GLD/ A MONSTROUS DEPOSIT OF 6.53 TONNES FROM THE GLD/ this no doubt is not physical gold but a paper entry.
Total gold inventory rest tonight at: 950.92 tonnes of gold

SLV
we had NO change with respect to inventory at the SLV
THE SLV Inventory rests at: 363.479 million oz