2017年10月15日 星期日

Harvey Organ: Banks Unable To Cover Their Shorts In Gold And Silver

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In silver, the total open interest ROSE BY 1289 contracts from 187,422 UP TO 188,711 WITH RESPECT TO YESTERDAY’S TRADING (UP 9 CENTS). THE CROOKS ARE HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS. IT IS OBVIOUS THAT WE MUST HAVE HAD ZERO BANKER SHORT COVERING.

RESULT: A GOOD SIZED RISE IN OI COMEX WITH THE 9 CENT PRICE RISE. OUR BANKERS COULD NOT COVER ANY OF THEIR HUGE SHORTFAL .

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.944BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 124 NOTICE(S) FOR 620,000 OZ OF SILVER.

In gold, the open interest ROSE BY 2858 CONTRACTS WITH THE GOOD SIZE RISE in price of gold ($6.20 ) . The new OI for the gold complex rests at 521,247. OUR BANKER FRIENDS COULD NOT COVER ANY OF THEIR GOLD SHORTS AS THEY RETREATED TO HIGHER GROUND.

Result: A GOOD SIZED INCREASE IN OI WITH THE RISE IN PRICE IN GOLD ($6.20). WE PROBABLY HAD ZERO BANKER GOLD SHORT COVERING BY THE BANKERS.

we had: 5 notice(s) filed upon for 500 oz of gold.

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: 858.45 tonnes.

SLV
Today: NO changes in inventory:
INVENTORY RESTS AT 326.898 MILLION OZ

Let us head over to the comex:
The total gold comex open interest ROSE BY A STRONG 2858 CONTRACTS UP to an OI level of 521,247 WITH THE RISE IN THE PRICE OF GOLD ($6.20 RISE IN YESTERDAY’S TRADING). IT SEEMS THAT OUR BANKER FRIENDS TRIED TO COVER SOME OF THEIR HUGE GOLD SHORTFALL BUT TO NO AVAIL. SO THE BANKERS RETREATED TO HIGHER GROUND HOPING TO TRY AGAIN COVERING SOME OF THEIR SHORTFALL. OCTOBER IS AN ACTIVE DELIVERY MONTH ALTHOUGH IT IS THE WEAKEST IN TERMS OF ACTUAL DELIVERIES AND OPEN INTEREST. WE VISUALIZED 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 WHEREBY ANOTHER 7200 LONG COMEX CONTRACTS WERE GIVEN 7200 EFP’S. WE HAVE NOW ENDED GOLDEN WEEK WHERE ALL OF CHINA WAS OFF AND AS SUCH WE SHOULD EXPECT GOLD TO BE STRONG THIS WEEK WITH CHINA RETURNING TO ACTIVE DUTY PURCHASING OUR PRECIOUS METALS.

Result: a GOODSIZED open interest INCREASE WITH THE GOOD SIZED RISE IN THE PRICE OF GOLD ($6.20). BANKERS RETREATED TO HIGHER GROUND AND COULD NOT COVER ANY PORTION OF THE GOLD SHORTFALL
IN SEPTEMBER,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 3 WEEKS HOPING TO COVER AS MANY GOLD/SILVER SHORTS AS POSSIBLE.

NOW THAT WE ARE CLOSE TO THE 29TH CHINESE CONGRESS, THE BANKERS ARE TAKING NO CHANCES AS THEY START TO COVER THEIR GOLD/SILVER SHORTFALL.

We have now entered the active contract month of Oct and here we saw a LOSS of 0 contracts DOWN to 220 contracts. We had 0 notices filed yesterday so we LOST 0 contracts or NIL oz will NOT stand for delivery at the comex in this active delivery month of October and 0 EFP notices were given. The low number of notices early in the delivery cycle is evidence of a lack of physical gold.

The November contract saw A loss OF 90 contracts down to 1297.

The very big active December contract month saw it’s OI GAIN OF 310 contracts UP to 399,883
.
We had 5 notice(s) filed upon today for 500 oz
VOLUME FOR TODAY (PRELIMINARY) 273,662
CONFIRMED VOLUME YESTERDAY: 258,630

And now for the wild silver comex results. Total silver OI ROSE BY 1289 CONTRACTS FROM 187,422 UP TO 188,711 WITH YESTERDAY’S 9 CENT RISE IN PRICE. WE HAVE HAD NO BANKER SHORT COVERING AS THE CROOKS TRY AND FAILED TO LOOSEN ANY SILVER LONGS FROM THE SILVER TREE AS THE BANKERS RETREATED TO HIGHER GROUND. THE GOOD SIZED RISE IN SILVER PRICE MEANS THAT THEY HAVE ABANDONED ALL HOPE OF COVERING AT LOWER PRICES, SO THEY REGROUP AT MUCH HIGHER PRICES WHERE THEY WILL ATTEMPT AGAIN AT COVERING.

We have now entered the non active contract month of October and here the OI LOST 87 contacts DOWN TO 425. We had 1 notice filed on yesterday so we LOST 86 contracts or AN ADDITIONAL 430,000 oz will NOT stand for delivery and 86 EFP’s were issued IN WHICH DEPARTING LONGS RECEIVED A FIAT BONUS PLUS A FUTURE DELIVERABLE PRODUCT AND NO DOUBT THAT WOULD BE A LONDON BASED FORWARD.

November saw a GAIN of 17 contract(s) and thus RISIING TO 307. After November, the NEXT big active contract month is December and here the OI GAINED 437 contracts UP to 142,081 contracts.

We had 124 notice(s) filed for 620,000 oz for the OCT. 2017 contract

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