GOLD RISES BY $5.00 UP TO $1266.15/SILVER RISES BY 8 CENTS UP TO $16.21

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by Harvey Organ, Harvey Organ Blog:

COMEX GOLD EFP’S: 8815 CONTRACTS/SILVER EFP’S A LARGE 2867 CONTRACTS/SOUTH AFRICA ANNOUNCES IT WILL SUSPEND CONSTITUTION AND ACQUIESCE ITS CENTRAL BANK AS WELL AS CONFISCATE LAND FROM WHITE LANDOWNERS/SWEDEN TO STOP IMMEDIATELY QE

GOLD: $1266.15 up $5.00

Silver: $16.21 UP 8 cents

Closing access prices:

Gold $1265.80

silver: $16.20

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: $1275.42 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1264.00

PREMIUM FIRST FIX: $11.42

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SECOND SHANGHAI GOLD FIX: $1277.71

NY GOLD PRICE AT THE EXACT SAME TIME: $1263.70

Premium of Shanghai 2nd fix/NY:$14.01

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1265.95

NY PRICING AT THE EXACT SAME TIME: $1266.00

LONDON SECOND GOLD FIX 10 AM: $1264.55

NY PRICING AT THE EXACT SAME TIME. 1263.40??

For comex gold:

DECEMBER/

 NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT:  246 NOTICE(S) FOR 24600 OZ.

TOTAL NOTICES SO FAR: 8809 FOR 880,900 OZ (27.39 TONNES),

For silver:

DECEMBER

8 NOTICE(S) FILED TODAY FOR

40,000 OZ/

Total number of notices filed so far this month: 6235 for 31,175,000 oz

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Bitcoin: BID $17,333/OFFER $17,480 UP $416 (morning) 

BITCOIN : BID $16,338 :  OFFER 16,499  down $584 (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 GOOD SIZED 3572 contracts from 207,275 FALLING TO 203,703 DESPITE YESTERDAY’S 1 CENT FALL IN SILVER PRICING.  WE HAD CONSIDERABLE  COMEX LIQUIDATION BUT  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  2867 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 2867 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 2867 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. YESTERDAY WITNESSED 1089 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:

40,365 CONTRACTS (FOR 14 TRADING DAYS TOTAL 40,365 CONTRACTS OR 201.82 MILLION OZ: AVERAGE PER DAY: 2,883 CONTRACTS OR 14.416 MILLION OZ/DAY)

RESULT: A GOOD SIZED FALL IN OI COMEX DESPITE THE TINY 1 CENT FALL IN SILVER PRICE.   WE HAD CONSIDERABLE COMEX SILVER LIQUIDATION BUT WE ALSO HAD A FAIR SIZED SIZED EFP ISSUANCE OF 2864 CONTRACTS  WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS:  FROM THE CME DATA 2864 EFP’S  WERE ISSUED TODAY (FOR MARCH EFP’S)  FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS.  WE REALLY LOST 705 OI CONTRACTS i.e. 2864 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 3572 OI COMEX CONTRACTS. AND ALL OF THIS  HAPPENED WITH THE FALL IN PRICE OF SILVER BY 1 CENT AND A  CLOSING PRICE OF $16.13 WITH RESPECT TO YESTERDAY’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. 1.018 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 8 NOTICE(S) FOR 40,000 OZ OF SILVER

In gold, the open interest FELL BY A TINY 18 CONTRACTS DOWN TO 453,395 DESPITE THE SMALL SIZED FALL  IN PRICE OF GOLD YESTERDAY ($1.45).  HOWEVER,  THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY  TOTALED A CONSIDERABLE  8815 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 8815 CONTRACTS. The new OI for the gold complex rests at 453,395. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO 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 8797 OI CONTRACTS: 18 OI CONTRACTS DECREASED AT THE  COMEX  AND A GOOD SIZED  8815 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

FRIDAY, WE HAD 9150 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE:  179,361 CONTRACTS OR 17.936 MILLION OZ OR 557.88 TONNES(14 TRADING DAYS AND THUS AVERAGING: 12,881 EFP CONTRACTS PER TRADING DAY OR 1.2881 MILLION OZ/DAY)

Result: A TINY SIZED DECREASE IN OI DESPITE THE SMALL SIZED RISE IN PRICE IN GOLD TRADING YESTERDAY ($1.45). WE  HAD A GOOD SIZED  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 8815. 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 8815 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 8,797  contracts:

8815 CONTRACTS MOVE TO LONDON AND A 18 CONTRACTS DECREASED AT THE  COMEX. (in tonnes, the gain yesterday equates to 27.36)

we had:  246  notice(s) filed upon for 24,600 oz of gold.

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

GLD:

Today,  VERY STRANGE!!  WITH GOLD ADVANCING UP TO $1266., THE CROOKS DECIDED TO RAID THE COOKIE JAR AGAIN/ WE HAD A GOOD SIZED WITHDRAWAL OF 1.18 TONNES in gold inventory at the GLD.

Inventory rests tonight: 836.02 tonnes.

SLV

 

NOTE: THEY DO NOT RAID SILVER BECAUSE THERE IS NO PHYSICAL INVENTORY TO RAID AT THE 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 GOOD SIZED 3572 contract
s from 207,945 DOWN  TO 203,703 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE  TINY FALL IN PRICE OF SILVER OF 1 CENT YESTERDAY . HOWEVER,OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER  2867  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 CONSIDERABLE COMEX SILVER COMEX LIQUIDATION. BUT, IF WE TAKE THE  OI LOSS AT THE COMEX OF 3572 CONTRACTS TO THE 2867 OI TRANSFERRED TO LONDON THROUGH EFP’S  WE OBTAIN A SMALL LOSS OF  705  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 LOSS TODAY IN OZ: 3.525 MILLION OZ!!! 

RESULT: A FAIR SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE  1 CENT FALL IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING).  BUT WE ALSO  HAD ANOTHER 2867 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 TUESDAY night/WEDNESDAY morning: Shanghai closed DOWN 8.93 points or 0.27% /Hang Sang CLOSED DOWN 23.72 pts or 0.27% / The Nikkei closed UP 23.72 POINTS OR 0.10%/Australia’s all ordinaires CLOSED UP 0.08%/Chinese yuan (ONSHORE) closed UP at 6.5780/Oil UP to 57.76 dollars per barrel for WTI and 63.84 for Brent. Stocks in Europe OPENED MOSTLY IN THE RED . ONSHORE YUAN CLOSED WELL UP AGAINST THE DOLLAR AT 6.5780. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.5790 //ONSHORE YUAN  STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS  SLIGHTLY STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS  NOT SO HAPPY TODAY.(WEAKER MARKETS)

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