by Harvey Organ, Harvey Organ Blog:

ANOTHER HUGE 11000 CONTRACTS TRANSFERRED VIA EFP (34 TONNES) TO LONDON IN GOLD AND 2700 CONTACTS IN SILVER (13.5 MILLION OZ)/THIS ONE HIT ME LIKE A TON OF BRICKS: SLV DESPITE THE WHACKING OF SILVER ADDS 2.507 MILLION OZ TO ITS INVENTORY/ TRUMP TO ANNOUNCE RECOGNITION OF JERUSALEM AS ISRAEL’S TRUE CAPITAL: EXPECT FIRESTORM/ GOVERNMENT SHUTDOWN LOOMS!

GOLD: $1262.50  DOWN $12.50

Silver: $16.06 DOWN 28 cents

Closing access prices:

Gold $1266.00

silver: $16.10

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: $1282.41 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1275.85

PREMIUM FIRST FIX: $6.56

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SECOND SHANGHAI GOLD FIX: $1299.55

NY GOLD PRICE AT THE EXACT SAME TIME: $1275.90

Premium of Shanghai 2nd fix/NY:$13.65

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1275.90

NY PRICING AT THE EXACT SAME TIME: $1275.50

LONDON SECOND GOLD FIX 10 AM: $1266.30

NY PRICING AT THE EXACT SAME TIME. 1267.16???

For comex gold:

DECEMBER/

 NUMBER OF NOTICES FILED TODAY FOR DECBER CONTRACT:  2 NOTICE(S) FOR 200 OZ.

TOTAL NOTICES SO FAR: 3014 FOR 301,400 OZ (9.375 TONNES)

For silver:

DECEMBER

405 NOTICE(S) FILED TODAY FOR

2,025,000 OZ/

Total number of notices filed so far this month: 4605 for 23,025,000 oz

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Bitcoin: BID $11,620/OFFER $11,680, up $29 (morning) 

BITCOIN : BID $11,730 OFFER: $11,789 // UP $141 (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  FELL BY TINY 152 contracts from 191,302 FALLING TO 190,055 WITH YESTERDAY’S ONE CENT FALL IN SILVER  AND NOW WELL BELOW THE HUGE $17.25 SILVER RESISTANCE.   WE HAD SURPRISINGLY NO REAL COMEX LIQUIDATION AS WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER LARGE NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE :  2754 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 2754 CONTRACTS.   I GUESS 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 2881 EFP’S FOR SILVER ISSUED.

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF DECEMBER:  11,022 CONTRACTS (FOR 3 TRADING DAYS TOTAL 11,022 CONTRACTS OR 55.11 MILLION OZ: AVERAGE PER DAY: 3,674 CONTRACTS 18.37 MILLION OZ)

RESULT: A TINY SIZED FALL IN OI COMEX WITH THE ONE CENT FALL IN SILVER PRICE.  HOWEVER  WE HAD ALL OF OUR COMEX LONGS WHICH EXITED OUT OF THE SILVER COMEX  TRANSFERRED THEIR OI TO LONDON THROUGH THE EFP ROUTE:  FROM THE CME DATA 2754 EFP’S  WERE ISSUED TODAY  FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE  DEMAND FOR SILVER PHYSICAL INTENSIFIES GREATLY. WE REALLY GAINED 2602 OI CONTRACTS i.e.  2754 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 152 OI COMEX CONTRACTS. AND ALL OF THIS INCREASED DEMAND  HAPPENED WITH THE FALL IN PRICE OF SILVER BY ANOTHER 1 CENT WITH A LOW CLOSING PRICE OF $16.34 YESTERDAY. WE STILL HAVE A MASSIVE AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.950 BILLION TO BE EXACT or 136% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 405 NOTICE(S) FOR 2,025,000 OZ OF SILVER

In gold, the open interest FELL BY A TINY 1455 CONTRACTS DOWN TO 473,406  DESPITE THE FALL  IN PRICE OF GOLD ON YESTERDAY ($4.50).  HOWEVER,  THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR TUESDAY  TOTALED ANOTHER 11,033 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 11,033 CONTRACTS. The new OI for the gold complex rests at 474,135. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE WITNESS THE 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 ON TOP OF THAT IT IS TAKING A FURTHER 13 WEEKS TO OBTAIN PHYSICAL FROM THE POINT WHEN FORWARDS BECOME DUE. IN ESSENCE WE HAVE A NET GAIN OF 9582 OI CONTRACTS: 1451 OI CONTRACTS LOST AT THE  COMEX  BUT  11,033 OI CONTRACTS NAVIGATED OVER TO LONDON. THE CME HAS BEEN VERY TARDY IN THEIR REPORTING OF EFP ISSUANCE.  THEY ARE IMMEDIATELY REMOVING COMEX OPEN INTEREST NUMBERS BUT DELAYING RELEASE OF EFP’S FOR 24 HOURS OR GREATER AS NO DOUBT THEY ARE NEGOTIATING WITH THE LONGS FOR A FIAT BONUS.

YESTERDAY, WE HAD 15,472 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE:  42,278 CONTRACTS OR 4.227 MILLION OZ OR 131 TONNES (3 TRADING DAYS AND THUS AVERAGING:14,092 EFP CONTRACTS PER TRADING DAY OR 1.409 MILLION OZ)

Result: A SMALL SIZED DECREASE IN OI  WITH THE FAIR SIZED FALL IN PRICE IN GOLD YESTERDAY ($4.50). WE  HAD AN LARGE  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 11,033. 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 11,033 EFP CONTRACTS ISSUED, WE HAD A NET GAIN OPEN INTEREST OF 9582  contracts:

11,033 CONTRACTS MOVE TO LONDON AND 1451 CONTRACTS REMOVED FROM THE COMEX. THE NET GAIN IN OZ: 958,200 OZ AND IN TONNES: 29.80 TONNES

we had:  2  notice(s) filed upon for 200 oz of gold.

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

GLD:

Today, A HUGE CHANGE in gold inventory at the GLD/ A WITHDRAWAL  OF 2.64 TONNES. THIS WAS UNDERSTANDABLE WITH THE RAID TODAY.

Inventory rests tonight: 845.47 tonnes.

SLV

TODAY WE HAD A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A MASSIVE DEPOSIT OF 2.507 MILLION OZ DESPITE SILVER’S WHACKING  (PRICE DISCOVERY??)

INVENTORY RESTS AT 321.713 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 SURPRI
SINGLY FELL BY ONLY 152 contracts from 190,207 DOWN  TO 190,055 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE LOSS IN PRICE OF SILVER PRICE AND CONTINUAL BOMBARDMENT (A FALL OF 1 CENT ). HOWEVER,OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER HUGE  2754  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 ZERO COMEX SILVER COMEX LIQUIDATION. IF WE TAKE THE OI LOSS AT THE COMEX (152 CONTRACTS)   TO THE 2754 OI TRANSFERRED TO LONDON THROUGH EFP’S  WE OBTAIN A NET GAIN OF  2602  OPEN INTEREST CONTRACTS, ON TOP OF THE HUGE AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN DECEMBER (SEE BELOW). THE NET GAIN IN OZ: 13.01 MILLION OZ!!! 

RESULT: A SMALL SIZED DECREASE IN SILVER OI AT THE COMEX WITH THE 1 CENT FALL IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING).  BUT WE ALSO  HAD ANOTHER 2754 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)

.

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 MONDAY night/TUESDAY morning: Shanghai closed DOWN 5.94 points or .18% /Hang Sang CLOSED DOWN 295.48 pts or 1.01% / The Nikkei closed DOWN 84.78 POINTS OR 0.37%/Australia’s all ordinaires CLOSED DOWN 0.22%/Chinese yuan (ONSHORE) closed up at 6.6130/Oil DOWN to 57.18 dollars per barrel for WTI and 62.27 for Brent. Stocks in Europe OPENED ALL MIXED .    ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.6136. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.6183 //ONSHORE YUAN STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS SLIGHTLY WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT  HAPPY TODAY.(MARKETS GENERALLY  WEAK)

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