from Harvey Organ:
BANK OF JAPAN IN CHAOS AS THEY DO NOT KNOW WHAT TO DO AS THEY ARE RUNNING OUT OF BONDS TO MONETIZE/ CHINESE TROUBLE AS POBC RAISES YUAN TO HURT THE SHORTS BUT HIBOR AT 8.25%/IN THE USA ANOTHER CO OP IN OBAMACARE BITES THE DUST
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.
*Mathew Hunter of the CFTC has corrected me on the timing of the London fixes
And now the fix recordings:
Shanghai morning fix Sept 14 (10:15 pm est last night): $1322.21
NY ACCESS PRICE: $1318.75 (AT THE EXACT SAME TIME)
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$1325.01
NY ACCESS PRICE: 1321.50 (AT THE EXACT SAME TIME)
London Fix: Sept 14: 5:30 am est: $1323.20 (NY: same time: $1322.50: 5:30AM)
London Second fix Sept 8: 10 am est: $1321.75 (NY same time: $1323.00 , 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 16 notices filed for 1600 oz
For silver: the front month of September we have a total of 106 notices filed for 530,000 oz
Let us have a look at the data for today
In silver, the total open interest FELL by 1,541 contracts down to 193,953. The open interest fell as the silver price was down 2 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .969 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 106 notices served upon for 530,000 oz
In gold, the total comex gold fell by 1,717 contracts as the price of gold fell BY $2.00 yesterday . The total gold OI stands at 575,002 contracts. The level of OI now is good for us as it will support a rise in gold price.
With respect to our two criminal funds, the GLD and the SLV:
LAST NIGHT WE HAD ONE change out of the GLD/ A HUGE WITHDRAWAL OF 4.45 TONNES FROM THE GLD/
Total gold inventory rest tonight at: 935.49 tonnes of gold
we had no changes with respect to inventory at the SLV
THE SLV Inventory rests at: 362.434 million oz
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