TAX REFORM LIKELY TO PASS/THE CROOKS RAID THE GLD COOKIE JAR WITH A HUGE 7.09 TONNE WITHDRAWAL

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by Harvey Organ, Harvey Organ Blog:

GOLD RISES BY $7.85 AND SILVER RISES BY 10 CENTS/ BITCOIN RISES $961 DOLLARS UP TO $18,608. BID/AT THE COMEX: BANKERS ISSUE 13632 CONTRACTS FOR GOLD AND SILVER: 1699 CONTRACTS/MORE SWAMP NEWS FROM THE USA

GOLD: $1262.60 up $7.85

Silver: $16.14 UP 10 cents

Closing access prices:

Gold $1263.00

silver: $16.14

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: $1266.13 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1255.08

PREMIUM FIRST FIX: $11.07

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SECOND SHANGHAI GOLD FIX: $1268.96

NY GOLD PRICE AT THE EXACT SAME TIME: $1256.00

Premium of Shanghai 2nd fix/NY:$12.96

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1258.65

NY PRICING AT THE EXACT SAME TIME: $1258.15

LONDON SECOND GOLD FIX 10 AM: $1260.60

NY PRICING AT THE EXACT SAME TIME. 1261.20

For comex gold:

DECEMBER/

 NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT:  4 NOTICE(S) FOR 400 OZ.

TOTAL NOTICES SO FAR: 7094 FOR 709,400 OZ (22.065 TONNES),

For silver:

DECEMBER

103 NOTICE(S) FILED TODAY FOR

505,000 OZ/

Total number of notices filed so far this month: 5930 for 29,650,000 oz

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Bitcoin: BID $18,946/OFFER $19,068 UP $1322 (morning) 

BITCOIN : BID $18,608 :  OFFER 18,707  UP $961 (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 SURPRISINGLY FELL BY A TINY SIZED 571 contracts from 208,354 FALLING TO 207,945 DESPITE FRIDAY’S 12 CENT RISE IN SILVER PRICING.  WE HAD NO APPRECIABLE COMEX LIQUIDATION BUT ON TOP OF THIS, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: A RESPECTABLE  1699 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 1699 CONTRACTS. HOWEVER THE MOVEMENT ACROSS TO LONDON IS NOT AS SEVERE AS IN GOLD AS THERE SEEMS TO BE A MAJOR PLAYER TAKING ON THE BANKS AT THE COMEX.  STILL, WITH THE TRANSFER OF 1699 CONTRACTS, 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. FRIDAY WITNESSED 3376 EFP’S FOR SILVER ISSUED. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S.

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF DECEMBER:

36,412 CONTRACTS (FOR 12 TRADING DAYS TOTAL 36,412 CONTRACTS OR 182.06 MILLION OZ: AVERAGE PER DAY: 3,034 CONTRACTS OR 15.172 MILLION OZ/DAY)

RESULT: A TINY SIZED FALL IN OI COMEX DESPITE THE 12 CENT RISE IN SILVER PRICE.  HOWEVER  WE HAD MINIMAL COMEX SILVER LIQUIDATION BUT WE DID HAVE A FAIR SIZED SIZED EFP ISSUANCE OF 1699 CONTRACTS  WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS:  FROM THE CME DATA 1699 EFP’S  WERE ISSUED TODAY (FOR MARCH EFP’S)  FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE  DEMAND FOR SILVER PHYSICAL INTENSIFIES GREATLY. WE REALLY GAINED 1128 OI CONTRACTS i.e. 1699 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 571 OI COMEX CONTRACTS. AND ALL OF THIS INCREASE DEMAND  HAPPENED WITH THE RISE IN PRICE OF SILVER BY 12 CENTS AND A  CLOSING PRICE OF $16.04 WITH RESPECT TO FRIDAY’S TRADING. YET WE STILL HAVE A MASSIVE AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just OVER 1 BILLION oz i.e. 1.040 BILLION TO BE EXACT or 149% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 103 NOTICE(S) FOR 505,000 OZ OF SILVER

In gold, the open interest ROSE BY A CONSIDERABLE 4394 CONTRACTS UP TO 455,137 DESPITE THE TINY SIZED LOSS  IN PRICE OF GOLD FRIDAY ($0.30).  HOWEVER,  THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY  TOTALED A CONSIDERABLE  13,632 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 13,632 CONTRACTS. The new OI for the gold complex rests at 455,137. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE WITNESS THE HUMONGOUS NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE AMOUNT OF GOLD OUNCES STANDING FOR DECEMBER. 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 APPRECIABLE 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 WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.  IN ESSENCE WE HAVE A HUGE GAIN OF 18,026 OI CONTRACTS: 4394 OI CONTRACTS INCREASED AT THE  COMEX  AND A GOOD SIZED  13,632 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

FRIDAY, WE HAD 10,561 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE:  161,396 CONTRACTS OR 16.396 MILLION OZ OR 509.98 TONNES(12 TRADING DAYS AND THUS AVERAGING: 13,449 EFP CONTRACTS PER TRADING DAY OR 1.3449 MILLION OZ/DAY)

Result: A GOOD SIZED INCREASE IN OI DESPITE THE TINY FALL IN PRICE IN GOLD TRADING  YESTERDAY ($0.30). WE  HAD A GOOD SIZED  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 13,632. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE REACHED THE HUGE DELIVERY MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES.  IF YOU TAKE INTO ACCOUNT THE 13,632 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 18,026  contracts:

13,632 CONTRACTS MOVE TO LONDON AND A 4394 CONTRACTS INCREASED AT THE  COMEX. (in tonnes, the gain yesterday equates to 56.06 which is unbelievable)

we had:  4  notice(s) filed upon for 400 oz of gold.

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

GLD:

Today,  A SHOCKER:  A HUGE CHANGES in gold inventory at the GLD.  AFTER TWO CONSECUTIVE DAYS OF GOLD RISING, THE CROOKS RAID THE COOKIE JAR WITH A WITHDRAWAL OF 7.09 TONNES

Inventory rests tonight: 837.20 tonnes.

SLV

NO CHANGE IN SILVER INVENTORY AT THE SLV:

INVENTORY RESTS AT 326.337 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 A TINY SIZED 571 contracts from
208,1516 UP  TO 207,945 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE TINY RISE IN PRICE OF SILVER OF 12 CENTS YESTERDAY . HOWEVER,OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER  1699  PRIVATE EFP’S FOR MARCH (WE DO NOT GET A LOOK AT THESE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM).  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  WE HAD MINIMAL COMEX SILVER COMEX LIQUIDATION BUT, IF WE TAKE THE SLIGHT OI LOSS AT THE COMEX OF 571 CONTRACTS TO THE 1699 OI TRANSFERRED TO LONDON THROUGH EFP’S  WE OBTAIN A NET GAIN OF  1128  OPEN INTEREST CONTRACTS, AND YET WE STILL HAVE A  HUGE AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN DECEMBER (SEE BELOW). THE NET GAIN TODAY IN OZ: 5.64 MILLION OZ!!! 

RESULT: A TINY SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE  12 CENT RISE IN PRICE (WITH RESPECT TO FRIDAY’S TRADING).  BUT WE ALSO  HAD ANOTHER 1699 EFP’S ISSUED TRANSFERRING  COMEX LONGS OVER TO LONDON . TOGETHER WITH THE HUGE AMOUNT OF SILVER OUNCES STANDING FOR DECEMBER, DEMAND FOR PHYSICAL SILVER INTENSIFIES DESPITE THE CONSTANT RAIDS.

(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 SUNDAY night/MONDAY morning: Shanghai closed UP 1.78 points or 0.05% /Hang Sang CLOSED UP 202.30 pts or 0.70% / The Nikkei closed UP 348.55 POINTS OR 1.55%/Australia’s all ordinaires CLOSED UP 0.70%/Chinese yuan (ONSHORE) closed DOWN at 6.6180/Oil UP to 57.56 dollars per barrel for WTI and 63.38 for Brent. Stocks in Europe OPENED ALL GREEN . ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6180. OFFSHORE YUAN CLOSED UP AGAINST  THE ONSHORE YUAN AT 6.6160 //ONSHORE YUAN SLIGHTLY WEAKER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS  WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS  VERY HAPPY TODAY.(STRONG MARKETS)

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