RUSSIA TELLS THE USA THAT IF THEY FREEZE RUSSIA HOLDINGS OF GOLD AND CASH AT THE FRBNY, THEN THEY WILL DECLARE THAT AS AN ACT OF FINANCIAL WAR

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by Harvey Organ, Harvey Organ Blog:

YOUR TYPICAL BANKER RAID WITH OPTIONS EXPIRY TOMORROW/GOLD DOWN $12.80 AND SILVER IS DOWN 32 CENTS

GOLD: $1283.10  DOWN $12.30

Silver: $16.56 DOWN 32 cents

Closing access prices:

Gold $1283.20

silver: $16.53

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: $1298.33 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1295.95

PREMIUM FIRST FIX: $2.35

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SECOND SHANGHAI GOLD FIX: $1300.95

NY GOLD PRICE AT THE EXACT SAME TIME: $1295.80

Premium of Shanghai 2nd fix/NY:$5.15

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LONDON FIRST GOLD FIX: 5:30 am est $1294.85

NY PRICING AT THE EXACT SAME TIME: $1294.60

LONDON SECOND GOLD FIX 10 AM: $1283.85

NY PRICING AT THE EXACT SAME TIME. 1284.10

For comex gold:

NOVEMBER/

 NUMBER OF NOTICES FILED TODAY FOR NOVEMBER CONTRACT:  0 NOTICE(S) FOR nil OZ.

TOTAL NOTICES SO FAR: 1064 FOR 106,400 OZ (3.309 TONNES)

For silver:

NOVEMBER

0 NOTICE(S) FILED TODAY FOR

NIL OZ/

Total number of notices filed so far this month: 886 for 4,430,000 oz

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Bitcoin: BID $10,850/OFFER $10,890 up $968 (morning) 

BITCOIN : BID $9882 OFFER: $9922 // UP $160 (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 FELL BY  A CONSIDERABLE 4813 contracts from 191,084 DOWN TO 186,272 WITH RESPECT TO YESTERDAY’S TRADING  WHICH SAW SILVER FALL 17 CENTS AND NOW WELL BELOW THE HUGE $17.25 SILVER RESISTANCE.   WE HAD CONSIDERABLE LONG COMEX LIQUIDATION.  HOWEVER WE WERE ALSO NOTIFIED THAT WE HAD ANOTHER LARGE NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE : 3061 DECEMBER EFP’S WERE ISSUED ALONG WITH 1821 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 4882 CONTRACTS.   I GUESS WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. YESTERDAY WITNESSED 820 EFP’S FOR SILVER ISSUED.

RESULT: A FAIR SIZED FALL IN OI COMEX WITH THE DROP IN SILVER PRICE OF 17 CENTS. HOWEVER  WE HAD ALL OF OUR COMEX LONGS WHICH EXITED OUT OF THE SILVER COMEX  TRANSFERRED THEIR OI TO LONDON THROUGH THE EFP ROUTE:  FROM THE CME DATA 4882 EFP’S  WERE ISSUED TODAY  FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE  DEMAND FOR SILVER PHYSICAL INTENSIFIES GREATLY. WE REALLY GAINED 69 OI CONTRACTS i.e.  4882 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 4813 OI COMEX CONTRACTS.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.933 BILLION TO BE EXACT or 133% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 0 NOTICE(S) FOR NIL OZ OF SILVER

In gold, the open interest COLLAPSED IN A MUCH GREATER FASHION TO WHICH WE HAVE WITNESSED DURING THE PAST TWO YEARS AS WE APPROACH AN ACTIVE DELIVERY MONTH LIKE THIS ONE, I.E. DECEMBER.  THE TOTAL OI FELL BY 34,986 CONTRACTS DOWN TO 503,810 DESPITE THE RISE IN PRICE OF GOLD ($0.55) WITH RESPECT TO YESTERDAY’S TRADING. (PRELIMINARY NUMBERS WERE DOWN BY 12,000 CONTRACTS SO SOMETHING WENT HORRIBLY WRONG FOR THE CME). HOWEVER  THE TOTAL NUMBER OF GOLD EFP’S ISSUED TODAY  TOTALED ANOTHER 13,058 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 7171 CONTRACTS AND FEB SAW THE ISSUANCE OF 5887 CONTRACTS. ??? (EMERGENCY??)   The new OI for the gold complex rests at 503,810. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE WITNESS THE HUGE NUMBER OF EFP TRANSFERS. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK  TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD.  THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX  HAVE JUST STATED THAT THEY HAVE NO METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND ON TOP OF THAT IT IS TAKING A FURTHER 13 WEEKS TO OBTAIN PHYSICAL FROM THE POINT WHEN FORWARDS BECOME DUE. IN ESSENCE WE HAD A NET LOSS OF 21,928 OI CONTRACTS: 34,986 OI CONTRACTS LOST AT THE  COMEX OI  BUT OF THAT TOTAL  13,058 OI CONTRACTS NAVIGATED OVER TO LONDON. THE CME HAS BEEN VERY TARDY IN THEIR REPORTING OF EFP ISSUANCE.  MY BET IS THAT WITH TOMORROW’S READING WE WILL HAVE A SURPLUS OF 22,000++ OI NAVIGATING TO LONDON.

YESTERDAY, WE HAD 10,304 EFP’S ISSUED.

Result: A HUGE SIZED DECREASE IN OI  WITH THE TINY SIZED RISE IN PRICE IN GOLD YESTERDAY ($0.55). WE  HAD AN LARGE  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 13,058. THERE OBVIOUSLY DOES NOT SEEM TO BE ANY PHYSICAL GOLD AT THE COMEX AND YET WE ARE APPROACHING THE HUGE DELIVERY MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS NO GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES.  IF YOU TAKE INTO ACCOUNT THE 13,058 EFP CONTRACTS ISSUED, WE HAD A NET LOSS OPEN INTEREST OF 21,928 contracts:

13,058 CONTRACTS MOVE TO LONDON AND  34,986 CONTRACTS REMOVED FROM   THE COMEX.

we had:  0  notice(s) filed upon for NIL oz of gold.

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

GLD:

Today, a big change in gold inventory at the GLD/a withdrawal of 2.66 tonnes

Inventory rests tonight: 839.55 tonnes.

SLV

TODAY WE HAD NO CHANGES IN SILVER INVENTORY AT THE SLV:

INVENTORY RESTS AT 317.130 MILLION OZ

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

1. Today, we had the open interest in silver FELL BY 4813 contracts from 191,085 DOWN  TO 186,272 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH THE LOSS IN PRICE OF SILVER PRICE (A LOSS OF 17 CENTS ). HOWEVER, OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER HUGE  3061  PRIVATE EFP’S FOR DECEMBER (WE DO NOT GET A LOOK AT THESE CONTRACTS)  AND 1821 EMERGENCY EFP’S FOR MARCH FOR A TOTAL OF 4882 EFP CONTRACTS.  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  WE ARE NOW WITHIN ONE DAY OF FIRST DAY NOTICE AND THIS IS THE SCENE WHERE IN THE PAST WE DID SEE MASSIVE COMEX OI CONTRACTION ALTHOUGH IT WAS MORE PRONOUNCED IN GOLD THAN WITH SILVER.  IT STILL CONTINUES UNABATED AND WE NOW KNOW THE REAL REASON FOR THE CONTRACTION:  THE TRANSFER OF OI TO LONDON. TODAY WE HAD CONSIDERABLE COMEX SILVER COMEX LIQUIDATION. BUT IF WE ADD THE OI LOSS AT THE COMEX (4813 CONTRACTS)   TO THE 4882 OI TRANSFERRED TO LONDON THRO
UGH EFP’S  WE OBTAIN A NET GAIN OF 69  OPEN INTEREST CONTRACTS,

RESULT: A LARGE SIZED DECREASE IN SILVER OI AT THE COMEX WITH THE 17 CENT FALL IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING).  BUT WE ALSO  HAD ANOTHER 4882 EFP’S ISSUED.. TRANSFERRING OUR COMEX LONGS OVER TO LONDON .

(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 TUESDAY night/WEDNESDAY morning: Shanghai closed UP 4.21 points or .13% /Hang Sang CLOSED DOWN 57.02 pts or 0.19% / The Nikkei closed UP 40.96 POINTS OR 0.49%/Australia’s all ordinaires CLOSED UP 0.48%/Chinese yuan (ONSHORE) closed DOWN at 6.6027/Oil DOWN to 57.79 dollars per barrel for WTI and 63.80 for Brent. Stocks in Europe OPENED GREEN EXCEPT LONDON.    ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6027. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.6039 //ONSHORE YUAN WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS  HAPPY TODAY.(MARKETS STRONG)

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