HUGE VOLATILE DAY: YOUR KEY INDICATORS PREDICTING TROUBLE AHEAD: USA 10 YR TREASURY BOND YIELD: 2.85612

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by Harvey Organ, Harvey Organ Blog:

CLOSING PRICE OF VIX: 28.85 BOTH AT DANGEROUS LEVELS/GOLD DOWN $4.70 TO $1312.60/SILVER DOWN 18 CENTS TO $16.20/USA PASSES A 2 YR BUDGET DEAL WHICH WILL ADD 2 TRILLION DOLLARS TO ITS DEFICIT/MOODY’S WARNS THE USE THAT IT MIGHT DOWNGRADE USA DEBT/CHINA ANNOUNCES THAT IT WILL COMMENCE ITS OIL YUAN CONTRACT SHORTLY AS WELL AS THE FUTURES CONTRACT WHICH WILL BEGIN ON MARCH 23.

GOLD: $1312.60 DOWN $4.70

Silver: $16.20 DOWN 18 cents

Closing access prices:

Gold $1316.80

silver: $16.36

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: $1329.50 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1318.00

PREMIUM FIRST FIX: $9.80

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SECOND SHANGHAI GOLD FIX: $1329.52

NY GOLD PRICE AT THE EXACT SAME TIME: $1320.25

Premium of Shanghai 2nd fix/NY:$9.27

SHANGHAI REJECTS  NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1316.05

NY PRICING AT THE EXACT SAME TIME: $1315.80

LONDON SECOND GOLD FIX 10 AM: $1314.10

NY PRICING AT THE EXACT SAME TIME. $1314.20

For comex gold:

FEBRUARY/

NUMBER OF NOTICES FILED TODAY FOR FEBRUARY CONTRACT: 141 NOTICE(S) FOR 14100 OZ.

TOTAL NOTICES SO FAR:1733 FOR 173300 OZ (5.3903 TONNES),

For silver:

jANUARY

0 NOTICE(S) FILED TODAY FOR

nil OZ/

Total number of notices filed so far this month: 199 for 995,000 oz

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Bitcoin: BID $8297/OFFER $8368: up $93(morning)

Bitcoin: BID/ $8311/offer $8381: UP $107  (CLOSING/5 PM)

 

end

 

FOR THOSE OF YOU WHO THINK THAT MARKETS ARE NOT MANIPULATED, I HAVE A WONDERFUL PIECE OF PROPERTY IN THE EVERGLADES TO SELL

 

TODAY, THE MANIPULATION WAS SO OBVIOUS.

Let us have a look at the data for today\

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In silver, the total open interest FELL BY A HUGE SIZED 9371 contracts from 202,505  FALLING TO 193,135 DESPITE  YESTERDAY’S SMALL 8 CENT GAIN IN SILVER PRICING.  WE  HAD CONSIDERABLE COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  3215 EFP’S FOR MARCH AND AND 0 EFP’S FOR MAY AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 3215 CONTRACTS.  WITH THE TRANSFER OF 3215 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. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S. THE 3215 CONTRACTS TRANSLATES INTO 16.08 MILLION OZ.  WITH THE HUGE DROP IN OPEN INTEREST AT THE COMEX. WE SHOULD EXPECT BIGGER GAINS IN EFP TRANSFERS IN THE NEXT FEW DAYS WITH THE LARGE LOSS AT THE COMEX AS LONGS GAVE UP SEEKING METAL AT THIS EXCHANGE.

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

24,531 CONTRACTS (FOR 8 TRADING DAYS TOTAL 24,531 CONTRACTS OR 122.655 MILLION OZ: AVERAGE PER DAY: 3066 CONTRACTS OR 15.331 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  122.655 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 17.5% OF ANNUAL GLOBAL PRODUCTION

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  357.59 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ

RESULT: A HUGE SIZED LOSS IN OI SILVER COMEX DESPITE THE SMALL  8 CENT GAIN IN SILVER PRICE.  WE HOWEVER HAD A GOOD SIZED EFP ISSUANCE OF 3215 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER . FROM THE CME DATA 3214 EFP’S  FOR  MONTHS MARCH AND MAY WERE ISSUED FOR TODAY  FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS.  WITH YESTERDAY’S TRADING WE LOST  6156 OI CONTRACTS i.e. 3215 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 9371  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE SMALL RISE IN PRICE OF SILVER OF  8 CENTS AND A CLOSING PRICE OF $16.38 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A FAIR 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. 0.965 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED: 0 NOTICE(S) FOR NIL OZ OF SILVER

In gold, the open interest FELL  BY ANOTHER CONSIDERABLE 7,499 CONTRACTS DOWN TO 519,362  DESPITE THE GOOD SIZED RISE IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($5.20).HOWEVER, IN ANOTHER DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR TODAY AND IT TOTALED A HUGE SIZED  14,716 CONTRACTS OF WHICH  APRIL SAW THE ISSUANCE OF 14,716 CONTRACTS AND  JUNE SAW THE ISSUANCE OF 0 CONTRACTS AND THEN ALL OTHER MONTHS ZERO.    The new OI for the gold complex rests at 517,708. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI  TOGETHER WITH  THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR FEBRUARY COMEX. 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 (BIG RISE IN BOTH GOFO AND SIFO) AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE TODAY DESPITE YESTERDAY’S TRADING IN GOLD,  WE HAVE A GAIN OF 7217  CONTRACTS: 7499 OI CONTRACTS DECREASED AT THE COMEXAND A STRONG SIZED  14,716 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.(7219 oi gain in CONTRACTS EQUATES TO 22.45 TONNES)

YESTERDAY, WE HAD 13,622 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY STARTING WITH FIRST DAY NOTICE: 91,370 CONTRACTS OR 9,137,000  OZ OR 284.19 TONNES (8 TRADING DAYS AND THUS AVERAGING: 11,421 EFP CONTRACTS PER TRADING DAY OR 1,142,100 OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 8 TRADING DAYS: IN  TONNES: 284.19 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2200 TONNES

THUS EFP TRANSFERS REPRESENTS 284.19/2200 x 100% TONNES =  12.91% OF GLOBAL ANNUAL PRODUCTION SO FAR IN FEBRUARY ALONE.

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:  917.72 TONNES

ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22  TONNES

Result: A  HUGE SIZED DECREASE IN OI AT THE COMEX DESPITE THE GOOD SIZED RISE IN PRICE IN GOLD TRADING YESTERDAY ($5.20). IT IS WITHOUT A DOUBT THAT MANY OF THE DEPARTED COMEX LONGS  RECEIVED THEIR PRIVATE EFP CONTRACT  FOR EITHER  APRIL OR JUNE. HOWEVER, WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 14,716 AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED.   THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE 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 14,716 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 7217 contracts ON THE TWO EXCHANGES:

14,716 CONTRACTS MOVE TO LONDON AND  7499 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 22.45 TONNES).

we had: 141 notice(s) filed upon for 14100 oz of gold.

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

GLD

WITH TODAY’S TURMOIL, THE CROOKS WITHDREW ANOTHER 2 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 826.31

Inventory rests tonight: 826.31 tonnes.

SLV/

NO CHANGES IN SILVER INVENTORY AT THE SLV/ AGAIN WITH TODAY’S TURMOIL   NO CHANGE IN INVENTORY

/INVENTORY RESTS AT 314.045 MILLION OZ/

can someone please explain why GLD behaves differently to SLV????

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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 GIGANTIC 9371 contracts from 202,506 DOWN TO 193,135 (AND now A LITTLE FURTHER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE  THE GOOD SIZED  RISE  IN PRICE OF SILVER  (8 CENTS WITH RESPECT TO  YESTERDAY’S TRADING).   OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER GOOD 3215 PRIVATE EFP’S FOR MARCH AND 0 EFP CONTRACTS OR MAY  (WE DO NOT GET A LOOK AT THESE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM) AND 0 EFP’S FOR ALL OTHER MONTHS .  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. WE HAD SOME COMEX SILVER COMEX LIQUIDATION. IF WE TAKE THE  OI LOSS AT THE COMEX OF  9371 CONTRACTS TO THE 3215 OI TRANSFERRED TO LONDON THROUGH EFP’S, SURPRISINGLY WE OBTAIN A LOSS OF 6156  OPEN INTEREST CONTRACTS DESPITE YESTERDAY’S GAIN IN SILVER PRICE.  WE STILL HAVE A GOOD AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN JANUARY (SEE BELOW). THE NET LOSS TODAY IN OZ ON THE TWO EXCHANGES:  30.78 MILLION OZ!!!

RESULT: A HUMONGOUS SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE GOOD SIZED RISE OF 8 CENTS IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING ). BUT WE ALSO HAD ANOTHER GOOD 3215 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE GOOD  SIZED AMOUNT OF SILVER OUNCES STANDING FOR FEBRUARY, DEMAND FOR PHYSICAL SILVER INTENSIFIES AS WE WITNESS MAJOR BANK SHORT COVERING ACCOMPANIED BY INCREASES IN GOFO AND SIFO RATES INDICATING SCARCITY.

(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 THURSDAY night/FRIDAY morning: Shanghai closed DOWN 132.19 points or 4.05% /Hang Sang CLOSED DOWN 943.85 or 3.10% / The Nikkei closed DOWN 508,24 POINTS OR 2.32%/Australia’s all ordinaires CLOSED DOWN 0.96%/Chinese yuan (ONSHORE) closed UP at 6.3041/Oil DOWN to 60.47 dollars per barrel for WTI and 64.30 for Brent. Stocks in Europe OPENED DEEPLY IN THE RED .   ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.3040. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.3244//ONSHORE YUAN A LOT STRONGER AGAINST THE DOLLAR/OFF SHORE A LOT STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS  MUCH STRONGER AGAINST ALL MAJOR CURRENCIES EXCEPT CHINA YUAN.  CHINA IS NOT TOO  HAPPY TODAY.(INTERVENTION STRONGER CURRENCY AND WEAK MARKETS IN CHINA AND THROUGHOUT THE GLOBE

i

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