GOLD UP $5.05 RISING $1288.00/SILVER UP 17 CENTS UP TO $16.71

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by Harvey Organ, Harvey Organ Blog:

GOLD EFP’S TRANSFER TO LONDON 2056 CONTRACTS/SILVER TRANSFERS; 840 CONTRACTS/MANHATTAN APARTMENT PRICES CRASHING DUE TO NEW TAX LAW/MORE SWAMP STORIES

GOLD: $1288.00 up $5.05

Silver: $16.71 up 17 cents

Closing access prices:

Gold $1288.50

silver: $16.73

For comex gold:

DECEMBER/

NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 33 NOTICE(S) FOR 3300 OZ.

TOTAL NOTICES SO FAR: 9056 FOR 905,600 OZ (28.30 TONNES),

For silver:

DECEMBER

8 NOTICE(S) FILED TODAY FOR

40,000 OZ/

Total number of notices filed so far this month: 6403 for 32,015,000 oz

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Bitcoin: BID $15,775/OFFER $15,900 up $98 (morning)

BITCOIN : BID $14,994/OFFER $15,099 /DOWN $709 CLOSING

 

 

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 JUST TO LET YOU KNOW THAT OTC OPTIONS EXPIRE THIS FRIDAY WHICH ALSO CORRESPONDS TO FIRST DAY NOTICE FOR THE JANUARY CONTRACT FOR BOTH GOLD AND SILVER.  JANUARY IS A POOR DELIVERY MONTH FOR BOTH OF OUR METALS AND JANUARY IS ALSO NON ACTIVE FOR BOTH.

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 1462 contracts from 201,783 FALLING TO 200,321 DESPITE YESTERDAY’S GOOD 17 CENT RISE IN SILVER PRICING. WE  HAD SOME COMEX LIQUIDATION AND WITHOUT A DOUBT WE MUST HAVE HAD SOME BANK SHORT- COVERING. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER FAIR SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: A RESPECTABLE 840 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 840 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 840 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 1760 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:

45,351 CONTRACTS (FOR 18 TRADING DAYS TOTAL 45,351 CONTRACTS OR 226.755 MILLION OZ: AVERAGE PER DAY: 2,550 CONTRACTS OR 12.750 MILLION OZ/DAY)

TO GIVE YOU AN IDEA OF THE SIZE OF “PHYSICAL” TRANSFERRED TO LONDON: 222.755 MILLION OZ/700 MILLION OZ (EX CHINA EX RUSSIA) = 31.8% OF ANNUAL GLOBAL SILVER PRODUCTION

RESULT: A CONSIDERABLE SIZED LOSS IN OI COMEX DESPITE THE GOOD 18 CENT RISE IN SILVER PRICE WHICH INDICATES SOME BANKER SHORT-COVERING. WE HAD SOME COMEX SILVER LIQUIDATION . WE ALSO HAD A FAIR SIZED SIZED EFP ISSUANCE OF 840 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS: FROM THE CME DATA 840 EFP’S WERE ISSUED TODAY (FOR MARCH EFP’S) FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE REALLY LOST 582 OI CONTRACTS i.e. 840 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 1462 OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE RISE IN PRICE OF SILVER BY 18 CENTS AND A CLOSING PRICE OF $16.54WITH 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. 1.001 BILLION TO BE EXACT or 143% 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 ROSE BY A SMALL SIZED 313 CONTRACTS UP TO 456,470 DESPITE THE GOOD SIZED RISE IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($7.10). HOWEVER, THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY TOTALED  2056 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 2056 CONTRACTS. The new OI for the gold complex rests at 456,470. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE 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 2369 OI CONTRACTS: 313 OI CONTRACTS INCREASED AT THE COMEX AND A GOOD SIZED 2056 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 9906 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE: 203,067 CONTRACTS OR 20.3067 MILLION OZ OR 631.41 TONNES(18 TRADING DAYS AND THUS AVERAGING: 11,280 EFP CONTRACTS PER TRADING DAY OR 1.1271 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE AMOUNT OF “PHYSICAL’ TRANSFERRED: SO FAR 671 TONNES/2200 TONNES ) = 30.50% OF ANNUAL GLOBAL PRODUCTION OF GOLD. THIS IS IMPOSSIBLE AND EXPLAINS FULLY THE FRAUD!!

Result: A SMALL SIZED INCREASE IN OI DESPITE THE GOOD SIZED RISE IN PRICE IN GOLD TRADING ON YESTERDAY ($7.10). WE HAD A GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 2056. 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 2056 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 2369 contracts:

2056 CONTRACTS MOVE TO LONDON AND  313 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the gain in total oi equates to 11.7 TONNES)

we had: 33 notice(s) filed upon for 3300 oz of gold.

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

GLD:

Today, NO CHANGES IN GOLD INVENTORY AT THE GLD

 

Inventory rests tonight: 837.50 tonnes.

SLV/

THIS MAKES A LOT OF SENSE: SILVER UP 17 CENTS AGAIN TODAY:

ANOTHER CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 802,000 OZ

INVENTORY RESTS AT 324.710 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 1462 contracts from 201,783 DOWN TO 200,321 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE GOOD SIZED RISE IN PRICE OF SILVER TO THE TUNE OF 17 CENTS ON YESTERDAY . HOWEVER,OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER 840 PRIVATE EFP’S FOR MARCH (WE DO NOT GET A LOOK AT THE
SE 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 ZERO COMEX SILVER COMEX LIQUIDATION. BUT, IF WE TAKE THE OI LOSS AT THE COMEX OF 1462 CONTRACTS TO THE 840 OI TRANSFERRED TO LONDON THROUGH EFP’S WE OBTAIN A LOSS OF 582 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: 2.910 MILLION OZ!!!

RESULT: A SMALL SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE GOOD SIZED RISE OF 18 CENTS IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). BUT WE ALSO HAD ANOTHER 840 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

(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

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