GOLD RISES BY $1.10 TO $1267.25/SILVER IS DOWN 2 CENTS TO $16.19

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by Harvey Organ, Harvey Organ Blog:

COMEX GOLD EFP’S ISSUED: 5230 CONTRACTS/SILVER COMEX EFP’S 1465 CONTRACTS/BITCOIN FALLS OVER 1045 DOLLARS TO $15,300.00/GOOD NUMBER OF SWAMP STORIES TONIGHT

GOLD: $1267.25 up $1.10

Silver: $16.19 DOWN 2 cents

Closing access prices:

Gold $1267.00

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: $1278.65 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1267.95

PREMIUM FIRST FIX: $10.50

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SECOND SHANGHAI GOLD FIX: $1275.38

NY GOLD PRICE AT THE EXACT SAME TIME: $1265.55

Premium of Shanghai 2nd fix/NY:$9.83

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1265.85

NY PRICING AT THE EXACT SAME TIME: $1265.70

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:  21 NOTICE(S) FOR 2100 OZ.

TOTAL NOTICES SO FAR: 8830 FOR 883,000 OZ (27.465 TONNES),

For silver:

DECEMBER

129 NOTICE(S) FILED TODAY FOR

645,000 OZ/

Total number of notices filed so far this month: 6364 for 31,820,000 oz

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Bitcoin: BID $16,605/OFFER $16,724 UP $261 (morning) 

BITCOIN : BID $15,300 :  OFFER 15,425  down $1047 (CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY FELL BY  478 contracts from 207,275 FALLING TO 203,225 DESPITE YESTERDAY’S 8 CENT RISE IN SILVER PRICING.  WE HAD TINY  COMEX LIQUIDATION. HOWEVER  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  1465 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 1465 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 1465 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:

41,830 CONTRACTS (FOR 15 TRADING DAYS TOTAL 41,830 CONTRACTS OR 209.15 MILLION OZ: AVERAGE PER DAY: 2,788 CONTRACTS OR 13.943 MILLION OZ/DAY)

RESULT: A GOOD SIZED FALL IN OI COMEX DESPITE THE  8 CENT RISE IN SILVER PRICE.   WE HAD TINY COMEX SILVER LIQUIDATION BUT WE ALSO HAD A FAIR SIZED SIZED EFP ISSUANCE OF 1465 CONTRACTS  WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS:  FROM THE CME DATA 1465 EFP’S  WERE ISSUED TODAY (FOR MARCH EFP’S)  FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS.  WE REALLY GAINED 987 OI CONTRACTS i.e. 1465 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 478 OI COMEX CONTRACTS. AND ALL OF THIS  HAPPENED WITH THE RISE IN PRICE OF SILVER BY 8 CENTS AND A  CLOSING PRICE OF $16.21 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. 1.016 BILLION TO BE EXACT or 145% 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 1257 CONTRACTS DOWN TO 452,338 DESPITE THE FAIR SIZED RISE  IN PRICE OF GOLD YESTERDAY ($5.00).  HOWEVER,  THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY  TOTALED A CONSIDERABLE  5230 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 5230 CONTRACTS. The new OI for the gold complex rests at 452,880. 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 GOOD GAIN OF 3983 OI CONTRACTS: 1257 OI CONTRACTS DECREASED AT THE  COMEX  AND A GOOD SIZED  5230 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 8815 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE:  184,591 CONTRACTS OR 18.459 MILLION OZ OR 574.15 TONNES(15 TRADING DAYS AND THUS AVERAGING: 12,306 EFP CONTRACTS PER TRADING DAY OR 1.2306 MILLION OZ/DAY)

Result: A TINY SIZED DECREASE IN OI DESPITE THE FAIR SIZED RISE IN PRICE IN GOLD TRADING YESTERDAY ($5.00). WE  HAD A GOOD SIZED  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 5230. 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 5230 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 3983  contracts:

5230 CONTRACTS MOVE TO LONDON AND A 1257 CONTRACTS DECREASED AT THE  COMEX. (in tonnes, the gain  equates to 12.38 TONNES)

we had:  21  notice(s) filed upon for 2100 oz of gold.

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

GLD:

Today, NO CHANGE IN GOLD INVENTORY AT THE GLD/

Inventory rests tonight: 836.02 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 478 contracts from 207,945 DOWN  TO 203,360 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE TINY RISE IN PRICE OF SILVER OF 8 CENTS YESTERDAY . HOWEVER,OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER  1465  PRIV
ATE
 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 TINY COMEX SILVER COMEX LIQUIDATION. BUT, IF WE TAKE THE  OI LOSS AT THE COMEX OF 478 CONTRACTS TO THE 1465 OI TRANSFERRED TO LONDON THROUGH EFP’S  WE OBTAIN A GAIN OF  987  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: 4.935 MILLION OZ!!! 

RESULT: A TINY SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE  8 CENT RISE IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING).  BUT WE ALSO  HAD ANOTHER 1465 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 WEDNESDAY night/THURSDAY morning: Shanghai closed UP 12.45 points or 0.38% /Hang Sang CLOSED UP 132.97 pts or 0.45% / The Nikkei closed DOWN 25.62 POINTS OR 0.11%/Australia’s all ordinaires CLOSED DOWN 0.19%/Chinese yuan (ONSHORE) closed DOWN at 6.5840/Oil UP to 58.03 dollars per barrel for WTI and 64/42 for Brent. Stocks in Europe OPENED ALL GREEN . ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.5840. OFFSHORE YUAN CLOSED UP AGAINST  THE ONSHORE YUAN AT 6.5713 //ONSHORE YUAN  WEAKER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS  SLIGHTLY STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS   HAPPY TODAY.(STRONGER MARKETS)

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