BITCOIN RISES TO $15,808 PER COIN

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by Harvey Organ, Harvey Organ Blog:

ANOTHER RAID WITH GOLD FALTERING BY $12.70 TO $1263.95 AND SILVER IS DOWN 19 CENTS TO $15.77/ GOLD HAS ANOTHER 11000 PLUS EFP TRANSFER TO LONDON/SILVER HAS 3800 PLUS CONTRACTS TRANSFERRED/PALESTINIAN PLAN ANOTHER INTIFADA/SAUDI ALSO RESPONDS THAT THERE WILL BE CONSEQUENCES/IN THE USA IT LOOKS LIKE WE MAY HAVE A GOVERNMENT SHUTDOWN/IT NOW LOOKS LIKE DEPUTY DIRECTOR OF THE FBI MCCABE TOLD AGENTS TO LIE ABOUT BENGHAZI

GOLD: $1251.25 DOWN $12.70

Silver: $15.77 DOWN 19 cents

Closing access prices:

Gold $1247.70

silver: $15.72

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: $1271.43 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1263.70

PREMIUM FIRST FIX: $7.73

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SECOND SHANGHAI GOLD FIX: $1265.25

NY GOLD PRICE AT THE EXACT SAME TIME: $1257.95

Premium of Shanghai 2nd fix/NY:$7.30

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1256.80

NY PRICING AT THE EXACT SAME TIME: $1256.80

LONDON SECOND GOLD FIX 10 AM: $1255.00

NY PRICING AT THE EXACT SAME TIME. 1254.40

For comex gold:

DECEMBER/

 NUMBER OF NOTICES FILED TODAY FOR DECBER CONTRACT:  38 NOTICE(S) FOR 3800 OZ.

TOTAL NOTICES SO FAR: 6033 FOR 603300 OZ (18.765 TONNES),

For silver:

DECEMBER

84 NOTICE(S) FILED TODAY FOR

420,000 OZ/

Total number of notices filed so far this month: 5231 for 26,155,000 oz

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Bitcoin: BID $14,777/OFFER $14,811, up $1200 (morning) 

BITCOIN : BID $15,808 OFFER: $15908 // UP $2281 (CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest ROSE BY HUGE 1661 contracts from 192,970 RISING TO 194,631 DESPITE YESTERDAY’S  10 CENT FALL IN SILVER  AND NOW WELL BELOW THE HUGE $17.25 SILVER RESISTANCE.   WE HAD SURPRISINGLY NO  COMEX LIQUIDATION AS WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GIGANTIC NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE :  3903 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 3903 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:  19,357 CONTRACTS (FOR 5 TRADING DAYS TOTAL 19.357 CONTRACTS OR 96.78 MILLION OZ: AVERAGE PER DAY: 3,871 CONTRACTS OR 19.35 MILLION OZ/DAY)

RESULT: A GOOD SIZED RISE IN OI COMEX DESPITE THE 10 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 3903 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 5564 OI CONTRACTS i.e. 3903 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 1661 OI COMEX CONTRACTS. AND ALL OF THIS INCREASED DEMAND  HAPPENED WITH THE FALL IN PRICE OF SILVER BY ANOTHER 10 CENTS WITH A LOW CLOSING PRICE OF $15.96 YESTERDAY. 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 UNDER 1 BILLION oz i.e. 0.973 BILLION TO BE EXACT or 139% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 84 NOTICE(S) FOR 420,000 OZ OF SILVER

In gold, the open interest FELL BY A CONSIDERABLE 8679 CONTRACTS DOWN TO 464,116  DESPITE THE SMALL RISE  IN PRICE OF GOLD  YESTERDAY ($1.45).  HOWEVER,  THE TOTAL NUMBER OF GOLD EFP’S ISSUED WEDNESDAY FOR THURSDAY  TOTALED ANOTHER GIGANTIC 11,871 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 11871 CONTRACTS. The new OI for the gold complex rests at 465,793. 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 3192 OI CONTRACTS: 8679 OI CONTRACTS LEFT THE  COMEX  BUT  11,871 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 21,484 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE:  75,623 CONTRACTS OR 7.5623 MILLION OZ OR 235 TONNES (5 TRADING DAYS AND THUS AVERAGING:15,124 EFP CONTRACTS PER TRADING DAY OR 1.524 MILLION OZ)

Result: A LARGE SIZED DECREASE IN OI DESPITE THE SMALL SIZED RISE IN PRICE IN GOLD YESTERDAY ($1.45). WE  HAD A LARGE  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 11,871. 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 11,871 EFP CONTRACTS ISSUED, WE HAD A NET GAIN OPEN INTEREST OF 3192  contracts:

11,871 CONTRACTS MOVE TO LONDON AND 8679 CONTRACTS LEFT THE  COMEX. THE NET GAIN ON THE TWO EXCHANGES IN OZ: 3,192,000 OZ AND IN TONNES: 9.918 TONNES

we had:  38  notice(s) filed upon for 3800 oz of gold.

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

GLD:

Today, a BIG CHANGE in gold inventory at the GLD/A WITHDRAWAL OF 2.66 TONNES FROM THE GLD

Inventory rests tonight: 842.81 tonnes.

SLV

TODAY WE HAD  NO CHANGES IN SILVER INVENTORY AT THE SLV:

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 SURPRISIN
GLY ROSE BY A LARGE 1661 contracts from 192,970 UP  TO 194,631 (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 10 CENTS ). HOWEVER,OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER HUGE  3903  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 GAIN AT THE COMEX (1661 CONTRACTS)   TO THE 3903 OI TRANSFERRED TO LONDON THROUGH EFP’S  WE OBTAIN A NET GAIN OF  5564  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: 27.82 MILLION OZ!!! 

RESULT: A HUGE SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE 10- CENT FALL IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING).  BUT WE ALSO  HAD ANOTHER 3903 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)

.

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

)Late MONDAY night/TUESDAY morning: Shanghai closed DOWN 21.91 points or .67% /Hang Sang CLOSED UP 78.79 pts or 0.28% / The Nikkei closed UP 320.99 POINTS OR 1.45%/Australia’s all ordinaires CLOSED UP 0.51%/Chinese yuan (ONSHORE) closed DOWN at 6.6100/Oil DOWN to 56.09 dollars per barrel for WTI and 61.48 for Brent. Stocks in Europe OPENED ALL GREEN .    ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6180. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.6228 //ONSHORE YUAN WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS SLIGHTLY STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT  HAPPY TODAY.(SHANGHAI MARKET VERY  WEAK)

 

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