DESPITE CONTINUAL BANKER WHACKING OF OUR PRECIOUS METALS, SILVER RISES BY 10 CENTS AND GOLD DOWN ONLY $1.00

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by Harvey Organ, Harvey Organ Blog:

GOLD COMEX ANOTHER STRONG 9700 CONTRACT ISSUANCE/SILVER COMEX WITNESSES BANKER SHORT COVERING/CHINA’S ECONOMIC SCENE IS NOT GOOD AS THE LATEST DATA WAS NOT GOOD/GERMAN ZEW CONFIDENCE LEVELS ALSO ON THE WAIN/FAMED UK REPORTER ROBERT FISK STATES THAT THERE WAS NO CHEMICAL ATTACK WHEN HE VISITED THE SITE!!/.MORE SWAMP STORIES FOR YOU TONIGHT

GOLD: $1346.90 DOWN $ 1.00 (COMEX TO COMEX CLOSINGS)

Silver: $16.78 UP 10 CENTS (COMEX TO COMEX CLOSINGS)

Closing access prices:

Gold $1347.50

silver: $16.78

For comex gold:

APRIL/

NUMBER OF NOTICES FILED TODAY FOR APRIL CONTRACT:0 NOTICE(S) FOR nil OZ.
TOTAL NOTICES SO FAR 663 FOR 66300 OZ (2.062 tonnes)

THE COMEX IS OUT OF GOLD

For silver:

APRIL

115 NOTICE(S) FILED TODAY FOR
575,000 OZ/
Total number of notices filed so far this month: 379 for 1,895,000 oz

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Bitcoin: BID $8039/OFFER $8139: up $32(morning)
Bitcoin: BID/ $7862/offer 7962: DOWN $146 (CLOSING/5 PM)

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I will be reporting on the Shanghai gold fix as I can now attest to it’s accuracy:

First Shanghai gold fix comes at 10 pm est

The second Shanghai gold fix: 2:15 pm

TOMORROW I WILL PROVIDE BOTH FIXES.

Second gold fix early this morning:1353.83

USA gold at the exact same time: 1346.60

PREMIUM TO NY SPOT: $7.23

AGAIN, SHANGHAI REJECTS NEW YORK PRICING.

WE WILL NOT PROVIDE LONDON FIXES AS THEY ARE NOT ACCURATE AS TO WHAT IS GOING ON AT THE SAME TIME FRAME.

Let us have a look at the data for today

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In silver, the total OPEN INTEREST SURPRISINGLY FELL AGAIN BY A CONSIDERABLE 3817 CONTRACTS FROM 217,817 FALLING TO 214,000 DESPITE YESTERDAY’S 7 CENT RISE IN SILVER PRICING. WE AGAIN HAD CONSIDERABLE COMEX LIQUIDATION AND FOR SURE BANK SHORTCOVERING AT THE COMEX. WE WERE AGAIN NOTIFIED THAT WE HAD A SMALL SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP : 555 EFP’S FOR MAY AND 207 FOR JULY AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE OF 762 CONTRACTS. WITH THE TRANSFER OF 762 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 24-48 HRS IN THE ISSUING OF EFP’S. THE 768 EFP CONTRACTS TRANSLATES INTO 3.810 MILLION OZ ACCOMPANYING THE RISE IN SILVER PRICE AT THE COMEX AND THE STRONG AMOUNT OF SILVER OUNCES STANDING FOR APRIL COMEX DELIVERY.

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF APRIL:

33,744 CONTRACTS (FOR 12 TRADING DAYS TOTAL 33,744 CONTRACTS) OR 168.720 MILLION OZ: AVERAGE PER DAY: 2,812 CONTRACTS OR 14.060 MILLION OZ/DAY

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH: 168.720 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 24.10% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S: 887.205 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ

ACCUMULATION FOR FEB 2018: 244.95 MILLION OZ

ACCUMULATION FOR MARCH 2018: 236.67 MILLION OZ

RESULT: WE HAD A CONSIDERABLE SIZED LOSS IN COMEX OI SILVER COMEX OF 3817 DESPITE THE 7 CENT GAIN IN SILVER PRICE. WE MUST HAVE HAD SOME SHORTCOVERING BY THE BANKERS AS A SMALL AMOUNT OF THE LOST COMEX OPEN INTEREST LANDED IN LONDON AS FORWARDS. THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE OF 762 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 (SEE COMEX DATA) . FROM THE CME DATA 535 EFP’S FOR THE MONTH OF MAY AND 207 EFP CONTRACTS FOR JULY, WERE ISSUED FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE LOST 3055 OI CONTRACTS ON THE TWO EXCHANGES: i.e. 762 open interest contracts headed for London (EFP’s) TOGETHER WITH AN DECREASE OF 3817 OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE RISE IN PRICE OF SILVER OF 7 CENTS AND A CLOSING PRICE OF $16.68 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A GOOD AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY IN THIS NON ACTIVE APRIL DELIVERY MONTH.

In ounces AT THE COMEX, the OI is still represented by WELL OVER 1 BILLION oz i.e. 1.070 BILLION TO BE EXACT or 152% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT APRIL MONTH/ THEY FILED: 115 NOTICE(S) FOR 575,000 OZ OF SILVER

IN SILVER, WE HAVE NOW SET THE NEW RECORD OF OPEN INTEREST AT 243,411 AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51 ON APRIL 9.2018.

ON THE DEMAND SIDE WE HAVE THE FOLLOWING:

HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH 27 MILLION OZ AND APRIL 1.8 MILLION OZ)
HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018
HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION
AND YET WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT). IT ALSO LOOKS LIKE BANKER CAPITULATION IN SILVER AS THEY STRUGGLE TO REMOVE SOME OF THEIR HUGE OBLIGATIONS.

In gold, the open interest ROSE BY AN FAIR SIZED 2699 CONTRACTS UP TO 509,128 WITH THE SMALL GAIN IN PRICE/YESTERDAY’S TRADING ( RISE OF $2.80). WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF APRIL. THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 9736 CONTRACTS : JUNE SAW THE ISSUANCE OF 9736 CONTRACTS , MAY SAW THE ISSUANCE OF 0 CONTRACTS AND ALL OTHER MONTHS ZERO. The new OI for the gold complex rests at 509,823. 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 AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.

IN ESSENCE WE HAVE A GOOD SIZED OI GAIN IN CONTRACTS ON THE TWO EXCHANGES 2699 OI CONTRACTS INCREASED AT THE COMEX AND AN STRONG SIZED 9736 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.THUS TOTAL OI GAIN: 12,435 CONTRACTS OR 1,243,500 OZ = 38.678 TONNES.

YESTERDAY, WE HAD 10,403 EFP’S ISSUED.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF APRIL : 130,927 CONTRACTS OR 13,092,700 OZ OR 407.23 TONNES (12 TRADING DAYS AND THUS AVERAGING: 10,910 EFP CONTRACTS PER TRADING DAY OR 1,091,000 OZ/ TRADING DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : SO FAR THIS MONTH IN 12 TRADING DAYS IN TONNES: 407.23 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES

THUS EFP TRANSFERS REPRESENTS 407.23/2550 x 100% TONNES = 15.96% OF GLOBAL ANNUAL PRODUCTION SO FAR IN MARCH ALONE.*** THE ACCUMULATION OF EFP CONTRACTS IS RISING PER MONTH.

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE: 2,451.17 TONNES

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

ACCUMULATION OF GOLD EFP’S FOR FEBRUARY 2018: 649.45 TONNES

ACCUMULATION OF GOLD EFP’S FOR MARCH 2018: 741.89 TONNES

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.

Result: A FAIR SIZED INCREASE IN OI AT THE COMEX OF 2699 WITH THE RISE IN PRICE // GOLD TRADING YESTERDAY ($2.80 GAIN). HOWEVER, WE HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 9736 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX. 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 9736 EFP CONTRACTS ISSUED, WE HAD A GOOD SIZED NET GAIN OF 12,435 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:

9736 CONTRACTS MOVE TO LONDON AND 2699 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 40.83 TONNES).

we had: 0 notice(s) filed upon for NIL oz of gold at the comex.

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

GLD

WITH GOLD DOWN $1.00 : WE HAD NO CHANGES IN GOLD INVENTORY AT THE GLD/

Inventory rests tonight: 865.89 tonnes.

SLV/

WITH SILVER UP 10 CENTS TODAY: NO CHANGES/

/INVENTORY RESTS AT 320.196 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 3817 CONTRACTS from 217,817 DOWN TO 214,000 (AND AWAY FROM THE NEW COMEX RECORD SET YESTERDAY/APRIL 9/2017). THE PREVIOUS RECORD OTHER THAN WAS ESTABLISHED AT: 234,787, SET ON APRIL 21.2017 ALMOST ONE YEAR AGO. THE PRICE OF SILVER ON THAT DAY: $17.89.

THE RATHER LARGE COMEX LOSS OF 3817 CONTRACTS, OCCURRED DESPITE THE RISE IN PRICE OF SILVER (7 CENTS//). THE COMEX OPEN INTEREST HAS FALLEN FOR 6 CONSECUTIVE DAYS. HOWEVER OUR BANKERS ALSO USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER 555 EFP CONTRACTS FOR MAY (WE DO NOT GET A LOOK AT THESE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM) AND 207 EFP’S FOR JULY AND ALL OTHER MONTHS ZERO. TOTAL EFP ISSUANCE: 762 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE OI LOSS AT THE COMEX OF 3817 CONTRACTS TO THE 762 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A SMALL NET LOSS 3055 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES: 15.275 MILLION OZ!!! AND THIS OCCURRED WITH A RISE IN PRICE OF 7 CENTS. THE BANKERS ARE CAPITULATING AS THEY DESPERATELY TRY AND PARE THEIR GIGANTIC OPEN INTEREST SHORT.

RESULT: A LARGE SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE RISE IN SILVER PRICING / YESTERDAY (7 CENTS/) . BUT WE ALSO HAD ANOTHER SMALL SIZED 762 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE STRONG SIZED AMOUNT OF SILVER OUNCES STANDING FOR APRIL, DEMAND FOR PHYSICAL SILVER INTENSIFIES AS WE WITNESS SEVERE BACKWARDATION IN SILVER IN LONDON.

(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)TUESDAY MORNING/MONDAY NIGHT: Shanghai closed DOWN 43.85 POINTS OR 1.41% /Hang Sang CLOSED DOWN 252.84 POINTS OR 0.83% / The Nikkei closed UP 12.06 POINTS OR 0.06%/Australia’s all ordinaires CLOSED UP .02% /Chinese yuan (ONSHORE) closed UP at 6.2834/Oil DOWN to 66.69 dollars per barrel for WTI and 71.81 for Brent. Stocks in Europe OPENED IN THE RED . ONSHORE YUAN CLOSED UP AT 6.2834 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.2773 /ONSHORE YUAN TRADING WEAKER AGAINST OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING A LITTLE STRONGER AGAINST THE DOLLAR /CHINA RETALIATES WITH TARIFFS/ TRUMP RESPONDS TO NEW TARIFFS AND IT NOW LOOKS LIKE A FULL TRADE WAR IS BEGINNING/

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