GOLD UP 90 CENTS ON THE DAY BUT SILVER, IS THE REAL STAR UP 11 CENTS TO $17.09

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by Harvey Organ, Harvey Organ Blog:

IN ZIMBABWE ROBERT MUGABE REFUSES TO RESIGN/THE HOUSE PASSES THE TAX REFORM BILL AND NOW IT GOES TO THE SENATE

GOLD: $1278.50  up $0.90

Silver: $17.09 UP 11 cents

Closing access prices:

Gold $1278.60

silver: $17.08`

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: $1286.38 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1278.35

PREMIUM FIRST FIX: $8.03

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SECOND SHANGHAI GOLD FIX: $1287.39

NY GOLD PRICE AT THE EXACT SAME TIME: $1276.15

Premium of Shanghai 2nd fix/NY:$11.19

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LONDON FIRST GOLD FIX: 5:30 am est $1277.70

NY PRICING AT THE EXACT SAME TIME: $1277.70

LONDON SECOND GOLD FIX 10 AM: $1280.00

NY PRICING AT THE EXACT SAME TIME. 1280.00

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH:11 NOTICE(S) FOR 1100 OZ.

TOTAL NOTICES SO FAR: 1020 FOR 10,200 OZ (3.172TONNES)

For silver:

NOVEMBER

1 NOTICE(S) FILED TODAY FOR

5,000 OZ/

Total number of notices filed so far this month: 876 for 4,380,000 oz

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Bitcoin: BID $7452 OFFER /$7479 up $186.00 (MORNING)

BITCOIN : BID $7756 OFFER: $7781 // UP $490.00(CLOSING)

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Let us have a look at the data for today

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In silver, the total open interest ROSE BY A CONSIDERABLE  1557 contracts from 199,122 UP TO 201,456 EVEN THOUGH YESTERDAY’S TRADING SAW SILVER FALL  BY 10 CENTS.   WE DID HAVE ZERO LONG LIQUIDATION AND FURTHER  WE WERE NOTIFIED THAT WE HAD QUITE A FEW MORE COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE AS WE HAD A HUGE 1312 DECEMBER EFP’S ISSUED ALONG WITH 0 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 1312 CONTRACTS. THE ISSUANCE FOR MARCH BOTHERS ME A LOT AS THIS IS SUPPOSE TO BE FOR EMERGENCY IN THE UPCOMING DELIVERY MONTH.  I GUESS WHAT THE CME IS STATING IS THAT THERE IS NO SILVER TO BE DELIVERED UPON AT THE COMEX AND THEY MUST EXPORT THEIR OBLIGATION TO LONDON. YESTERDAY WE HAD 1050 TOTAL EFP’S ISSUED.

RESULT: A GOOD SIZED RISE IN OI COMEX DESPITE THE 10 CENT PRICE FALL. COMEX LONGS REFUSED TO EXIT OUT OF THE COMEX AND FROM THE CME DATA 1312 EFP’S  WERE ISSUED FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE  DEMAND FOR SILVER INTENSIFIES

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.007 BILLION TO BE EXACT or 144{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 1 NOTICE(S) FOR 5,000 OZ OF SILVER

In gold, the open interest ROSE BY A LARGER THAN EXPECTED 3244 CONTRACTS DESPITE THE FALL IN PRICE OF GOLD ($5.15) WITH RESPECT TO YESTERDAY’S TRADING IN WHICH WE SAW NO GOLD LEAVES FALL FROM THE COMEX GOLD TREE.  THE TOTAL NUMBER OF GOLD EFP’S ISSUED TODAY  TOTALED A MONSTROUS: 12,392 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 12,352 CONTRACTS AND FEB SAW THE ISSUANCE OF 40 CONTRACTS. The new OI for the gold complex rests at 536,298. DEMAND FOR GOLD INTENSIFIES DESPITE THE RAIDS.

Result: A HUGE SIZED INCREASE IN OI DESPITE THE FALL IN PRICE IN GOLD ON YESTERDAY ($5.15). WE  HAD A HUGE NUMBER OF COMEX LONG TRANSFERS TO LONDON THROUGH THE EFP ROUTE AS (12,392 EFP’S). THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL AT THE COMEX AS WE ARE APPROACHING THE HUGE DELIVERY MONTH OF DECEMBER. WE OBVIOUSLY  HAD NO GOLD COMEX OI LEAVE THE COMEX GOLD ARENA.

we had:  11  notice(s) filed upon for 1100 oz of gold.

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

GLD:

A small  change in gold inventory at the GLD/ a deposit of .300 tonnes

Inventory rests tonight: 843.39 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 318.074 MILLION OZ

end

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First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver UNEXPECTEDLY ROSE BY 1557 contracts from 199,899 UP TO 201,456 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE FALL IN SILVER PRICE (A LOSS OF 10 CENTS). OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE 1312  PRIVATE EFP’S FOR DECEMBER(WE DO NOT GET A LOOK AT THESE CONTRACTS)  AND 0 EFP’S FOR MARCH FOR A TOTAL OF 1050 EFP CONTRACTS  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THIS IS QUITE EARLY FOR THESE EFP ISSUANCE..USUALLY WE WITNESS THIS ONE WEEK PRIOR TO FIRST DAY NOTICE AND THIS CONTINUES RIGHT UP UNTIL FDN.  WE ALSO HAD NO SILVER COMEX LIQUIDATION. TOTAL EFP’S ISSUED YESTERDAY BY THE CME IN SILVER TOTAL 1050 CONTRACTS. SO THIS FRAUD IS CONTINUING ON A DAILY BASIS

RESULT: A HUGE SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE 10 CENT FALL IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). WE  HAD ANOTHER 1312 EFP’S ISSUED TRANSFERRING OUR COMEX LONGS OVER TO LONDON TOGETHER WITH NO  SILVER COMEX LIQUIDATION.

(report Harvey)

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2.a) The Shanghai and London gold fix report

(Harvey)

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed DOWN 3.27 points or .10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED UP 167.07 pts or 0.58{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed UP 322.80 POINTS OR 1.47{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.19{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed DOWN at 6.6320/Oil DOWN to 55.27 dollars per barrel for WTI and 61.62 for Brent. Stocks in Europe OPENED GREEN  . ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6320. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.638 //ONSHORE YUAN WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS OT  VERY HAPPY TODAY

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