GOLD ADVANCES $8.55 TO $1275.85/SILVER RISES 18 CENTS TO $16.37

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from Harvey Organ, Harvey Organ Blog:

GOLD COMEX EFP’S : 6514/SILVER EFP’S: 921/BITCOIN COLLAPSES/COINBASE STOPS BUYING AND SELLING OF BITCOIN BECAUSE OF EXCESSIVE VOLUME/TRUMP SIGNS THE NEW TAX BILL INTO LAW/MORE SWAMP NEWS

GOLD: $1275.85 up $8.55

Silver: $16.37 up 18 cents

Closing access prices:

Gold $1274.80

silver: $16.42

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: $1276.55 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1266.20

PREMIUM FIRST FIX: $10.35

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SECOND SHANGHAI GOLD FIX: $1277.56

NY GOLD PRICE AT THE EXACT SAME TIME: $1265750

Premium of Shanghai 2nd fix/NY:$10.06

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1268.85

NY PRICING AT THE EXACT SAME TIME: $1268.45

LONDON SECOND GOLD FIX 10 AM: $1268.85

NY PRICING AT THE EXACT SAME TIME. 1268.50??

For comex gold:

DECEMBER/

 NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 149 NOTICE(S) FOR14,900 OZ.

TOTAL NOTICES SO FAR: 8979 FOR 897,900 OZ (27.928 TONNES),

For silver:

DECEMBER

31 NOTICE(S) FILED TODAY FOR

155,000 OZ/

Total number of notices filed so far this month: 6395 for 31,975,000 oz

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Bitcoin: BID $13,847/OFFER $14,000 DOWN $1740 (morning) 

BITCOIN : BID $14,320 :  OFFER 14,468  down $1274 (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 CONSIDERABLE  2117 contracts from 207,275 FALLING TO 201,108 DESPITE YESTERDAY’S TINY 2 CENT FALL IN SILVER PRICING.  WE HAD GOOD  COMEX LIQUIDATION.  WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER SMALL SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: A RESPECTABLE 921 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 921 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 921 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 1196 EFP’S FOR SILVER ISSUED. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S. I BELIEVE THAT WE MUST HAVE HAD SOME BANKER SHORT COVERING

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

42,751 CONTRACTS (FOR 16 TRADING DAYS TOTAL 42,751 CONTRACTS OR 213.75 MILLION OZ: AVERAGE PER DAY: 2,672 CONTRACTS OR 13.260 MILLION OZ/DAY)

RESULT: A GOOD SIZED FALL IN OI COMEX DESPITE THE TINY  2 CENT FALL IN SILVER PRICE WHICH INDICATES SOME BANKER SHORTCOVERING.   WE HAD CONSIDERABLE COMEX SILVER LIQUIDATION . WE ALSO HAD A SMALL SIZED SIZED EFP ISSUANCE OF 921 CONTRACTS  WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS:  FROM THE CME DATA 921 EFP’S  WERE ISSUED TODAY (FOR MARCH EFP’S)  FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS.  WE REALLY LOST 1117 OI CONTRACTS i.e. 921 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 2117 OI COMEX CONTRACTS. AND ALL OF THIS  HAPPENED WITH THE FALL IN PRICE OF SILVER BY 2 CENTS AND A  CLOSING PRICE OF $16.19 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. 1.005 BILLION TO BE EXACT or 143% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 31 NOTICE(S) FOR 155,000 OZ OF SILVER

In gold, the open interest ROSE BY A CONSIDERABLE 3160 CONTRACTS UP TO 455,498 WITH THE TINY SIZED RISE  IN PRICE OF GOLD YESTERDAY ($1.10).  HOWEVER,  THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY  TOTALED A CONSIDERABLE  6514 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 6514 CONTRACTS. The new OI for the gold complex rests at 455,498. 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 9674 OI CONTRACTS: 3160 OI CONTRACTS INCREASED AT THE  COMEX  AND A GOOD SIZED  6514 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 5230 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE:  191,105 CONTRACTS OR 19.105 MILLION OZ OR 594.09 TONNES(16 TRADING DAYS AND THUS AVERAGING: 11,944 EFP CONTRACTS PER TRADING DAY OR 1.1944 MILLION OZ/DAY)

Result: A GOOD SIZED INCREASE IN OI DESPITE THE TINY SIZED RISE IN PRICE IN GOLD TRADING YESTERDAY ($1.10). WE  HAD A GOOD SIZED  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 6514. 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 6514 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 9674  contracts:

6513 CONTRACTS MOVE TO LONDON AND A 3160 CONTRACTS INCREASED AT THE  COMEX. (in tonnes, the gain  equates to 31.25 TONNES)

we had:  149  notice(s) filed upon for 14,900 oz of gold.

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

GLD:

Today, A HUGE CHANGE: A DEPOSIT OF 1.48 TONNES OF  GOLD INTO THE GLD/

Inventory rests tonight: 837.50 tonnes.

SLV/

THIS MAKES A LOT OF SENSE: IF SILVER UP 18 CENTS TODAY:

A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF:755,000 OZ ???

INVENTORY RESTS AT 325.582 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 CONSIDERABLE SIZED 2117 contracts from 207,945 DOWN  TO 201,108 (AND now
A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE TINY FALL IN PRICE OF SILVER OF 2 CENTS YESTERDAY . HOWEVER,OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER  921  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 2117 CONTRACTS TO THE 921 OITRANSFERRED TO LONDON THROUGH EFP’S  WE OBTAIN A LOSS OF  1196  OPEN INTEREST CONTRACTS, AS WE MUST HAVE HAD SOME BANKER SHORT COVERING.  WE STILL HAVE A  HUGE AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN DECEMBER (SEE BELOW). THE NET LOSS TODAY IN OZ: 5.598 MILLION OZ!!! 

RESULT: A GOOD SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE TINY  2 CENT FALL IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING).  BUT WE ALSO  HAD ANOTHER 921 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 THURSDAY night/FRIDAY morning: Shanghai closed DOWN 2.99 points or 0.09% /Hang Sang CLOSED UP 210.95 pts or 0.72% / The Nikkei closed UP 36.66 POINTS OR 0.16%/Australia’s all ordinaires CLOSED DOWN 0.19%/Chinese yuan (ONSHORE) closed UP at 6.5759/Oil UP to 58.05 dollars per barrel for WTI and 64.50 for Brent. Stocks in Europe OPENED ALL RED . ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.5759. OFFSHORE YUAN CLOSED UP AGAINST  THE ONSHORE YUAN AT 6.5679 //ONSHORE YUAN  STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS  SLIGHTLY STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS   HAPPY TODAY.(GOOD MARKETS

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