ANOTHER RAID ON GOLD AND SILVER AS PROMISED

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by Harvey Organ, Harvey Organ Blog:

MASSIVE AMOUNTS OF GOLD EFP’S ISSUES WHICH MEANS STHAT THERE IS NO GOLD TO BE DELIVERED UPON AT THE GOLD COMEX AND FOR THAT MATTER A HUGE AMOUNT OF SILVER EFT’S ISSUES: SAME STORY AS GOLD/TRUMP LABELS NORTH KOREA AS A TERRORIST STATE/SOUTH KOREA DETECTS ROCKET ENGINE TESTING IN NORTH KOREA/GOOD REASON FOR GOLD AND SILVER TO GO DOWN: THE ECB IS PLANNING ON ELIMINATING DEPOSIT INSURANCE/GERMANY IN CHAOS TONIGHT AS THEY CANNOT FORM A GOVERNMENT AND THEY NEED TO HAVE AN NEW ELECTION AND MOST LIKELY MERKEL WILL NOT SERVE

GOLD: $1276.90  DOWN $19.70

Silver: $16.93 DOWN 45 cents

Closing access prices:

Gold $1276.90

silver: $16.93

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: $1296.26 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1291.40

PREMIUM FIRST FIX: $4.86

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SECOND SHANGHAI GOLD FIX: $1294.99

NY GOLD PRICE AT THE EXACT SAME TIME: $1290.90

Premium of Shanghai 2nd fix/NY:$4.39

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LONDON FIRST GOLD FIX: 5:30 am est $1292.35

NY PRICING AT THE EXACT SAME TIME: $1291.50

LONDON SECOND GOLD FIX 10 AM: $1286.20

NY PRICING AT THE EXACT SAME TIME. 1286.30

For comex gold:

NOVEMBER/

 NUMBER OF NOTICES FILED TODAY FOR NOVEMBER CONTRACT:  1 NOTICE(S) FOR 100 OZ.

TOTAL NOTICES SO FAR: 1052 FOR 105,200 OZ (3.372TONNES)

For silver:

NOVEMBER

3 NOTICE(S) FILED TODAY FOR

15,000 OZ/

Total number of notices filed so far this month: 884 for 4,420,000 oz

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Bitcoin: BID $8100 OFFER /$8125 up $412.00 (MORNING)

BITCOIN : BID $8222 OFFER: $8247 // up $534 (CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A HUGE 5,383 contracts from 199,711 UP TO 205,094 WITH RESPECT TO FRIDAY’S TRADING  WHICH SAW SILVER RISE  BY 24 CENTS AND BREAK THE HUGE $17.25 SILVER RESISTANCE.   WE HAD ZERO LONG COMEX LIQUIDATION AND FURTHER  WE WERE NOTIFIED THAT WE HAD QUITE A HUMONGOUS NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE : 1078 DECEMBER EFP’S WERE ISSUED ALONG WITH 0 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 1078 CONTRACTS FOR MONDAY. (THE ISSUANCE FOR MARCH THAT WE HAVE SEEN THESE PAST FEW DAYS 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 AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. THURSDAY WITNESSED  927 EFP’S ISSUED FOR FRIDAY.

RESULT: A HUGE SIZED RISE IN OI COMEX WITH THE 24 CENT PRICE RISE.  ZERO  COMEX LONGS  EXITED OUT OF THE COMEX AND FROM THE CME DATA 1078 EFP’S  WERE ISSUED FOR MONDAY FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE  DEMAND FOR SILVER PHYSICAL INTENSIFIES GREATLY

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.025 BILLION TO BE EXACT or 146{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 3 NOTICE(S) FOR 15,000 OZ OF SILVER

In gold, the open interest SURPRISINGLY ROSE BY A HUMONGOUS 28,707 CONTRACTS WITH THE FAIR SIZED RISE IN PRICE OF GOLD ($10.60) WITH RESPECT TO FRIDAY’S TRADING. WE HAD ZERO COMEX LONGS EXIT THE ARENA.  HOWEVER  THE TOTAL NUMBER OF GOLD EFP’S ISSUED ON FRIDAY FOR MONDAY  TOTALED AN UNBELIEVABLE: 12,711 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 12,711 CONTRACTS AND FEB SAW THE ISSUANCE OF 0 CONTRACTS. ON THURSDAY, WE WITNESSED A TOTAL OF 4394 EFP’S ISSUED THURSDAY  FOR FRIDAY.  The new OI for the gold complex rests at 561,237. DEMAND FOR GOLD INTENSIFIES DESPITE THE CONSTANT RAIDS.  EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION.  THE BANKERS AT THE COMEX  HAVE JUST STATED THAT THEY HAVE NO METAL!! THIS IS THE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NOT BACKED SILVER (AND GOLD) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND ON TOP OF THAT IT IS TAKING 6 TO 10 WEEKS TO OBTAIN PHYSICAL WHEN FORWARDS ARE DUE.

Result: A HUGE SIZED INCREASE IN OI DESPITE THE FAIR SIZED RISE IN PRICE IN GOLD ON FRIDAY ($10.60). WE  HAD A HUGE NUMBER OF COMEX LONG TRANSFERS TO LONDON THROUGH THE EFP ROUTE AS (12,711 EFP’S). THERE OBVIOUSLY DOES NOT SEEM TO BE ANY PHYSICAL AT THE COMEX AS WE ARE APPROACHING THE HUGE DELIVERY MONTH OF DECEMBER WHICH EXPLAINS THE HUGE ISSUANCE OF EFP’S. WE  HAD ZERO GOLD COMEX OI CONTRACTS LEAVE THE COMEX GOLD ARENA.

we had:  1  notice(s) filed upon for 100 oz of gold.

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

GLD:

No change in gold inventory at the GLD/

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 ROSE BY 5,383 contracts from 199,711 UP  TO 205,094 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH THE CONSIDERABLE RISE IN SILVER PRICE (A GAIN OF 24 CENTS AND THE BREAKING OF THAT HUGE $17.25 RESISTANCE). OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE 1078  PRIVATE EFP’S FOR DECEMBER(WE DO NOT GET A LOOK AT THESE CONTRACTS)  AND 0 EFP’S FOR MARCH FOR A TOTAL OF 1078 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  AMOUNT OF SILVER COMEX LIQUIDATION.

RESULT: A HUGE SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE 24 CENT GAIN IN PRICE (WITH RESPECT TO FRIDAY’S TRADING). WE  HAD ANOTHER 1078 EFP’S ISSUED ,TRANSFERRING OUR COMEX LONGS OVER TO LONDON TOGETHER WITH ZERO  SILVER COMEX LIQUIDATION.

(report Harvey)

.

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 SUNDAY night/MONDAY morning: Shanghai closed UP 9.49 points or .28{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED UP 61.27 pts or 0.21{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed DOWN 135.04 POINTS OR 0.60{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED UP 0.17{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.6318/Oil UP to 56.44 dollars per barrel for WTI and 61.97 for Brent. Stocks in Europe OPENED GREEN  . ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.6318. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.6412 //ONSHORE YUAN STRONGER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS  VERY HAPPY TODAY.

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