GOLD RISES BY $6.15 TO $1345.10/SILVER ADVANCES 17 CENTS TO $16.67

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by Harvey Organ, Harvey Organ Blog:

YESTERDAY’S RAID FAILS AS EFP TRANSFERS EQUATE TO LOSSES IN COMEX OPEN INTEREST/CHINA AND RUSSIA UP THE ANTE ON TARIFF DISPUTE AND SANCTIONS/HUGE NUMBER OF SWAMP STORIES FOR YOU TONIGHT

GOLD: $1345.10 UP $ 6.15 (COMEX TO COMEX CLOSINGS)

Silver: $16.67 UP 17 CENTS (COMEX TO COMEX CLOSINGS)

Closing access prices:

Gold $1345.60

silver: $16.67

For comex gold:

APRIL/

NUMBER OF NOTICES FILED TODAY FOR APRIL CONTRACT:0 NOTICE(S) FOR nil OZ.
TOTAL NOTICES SO FAR 660 FOR 66000 OZ (2.053 tonnes)

THE COMEX IS OUT OF GOLD

For silver:

APRIL

0 NOTICE(S) FILED TODAY FOR
nil OZ/
Total number of notices filed so far this month: 144 for 720,000 oz

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Bitcoin: BID $8069/OFFER $8169: up $200(morning)
Bitcoin: BID/ $8012/offer 8112: up $144 (CLOSING/5 PM)

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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 4019 CONTRACTS FROM 224,186 FALLING TO 220,167 WITH YESTERDAY’S 27 CENT FALL IN SILVER PRICING. . WE AGAIN HAD CONSIDERABLE COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP : 3756 EFP’S FOR MAY AND 157 FOR JULY AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE OF 3913 CONTRACTS. THUS ALL THE LOST COMEX CONTRACTS MORPHED INTO LONDON FORWARDS. WITH THE TRANSFER OF 3913 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 3913 CONTRACTS TRANSLATES INTO 19.565 MILLION OZ ACCOMPANYING THE FALL 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:

32,214 CONTRACTS (FOR 10 TRADING DAYS TOTAL 32,214 CONTRACTS) OR 161.070 MILLION OZ: AVERAGE PER DAY: 3,221 CONTRACTS OR 16.105 MILLION OZ/DAY

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH: 161.070 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 23.01% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S: 879.555 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 4019 DESPITE THE 27 CENT FALL IN SILVER PRICE. WE MUST HAVE HAD NO SHORTCOVERING BY THE BANKERS AS ALL OF THE LOST COMEX OPEN INTEREST LANDED IN LONDON AS FORWARDS. THE CME NOTIFIED US THAT WE HAD ANOTHER STRONG SIZED EFP ISSUANCE OF 3913 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 3756 EFP’S FOR THE MONTH OF MAY AND 137 EFP CONTRACTS FOR JULY, WERE ISSUED FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. DESPITE THE MASSIVE RAID WE LOST ONLY 106 OI CONTRACTS ON THE TWO EXCHANGES: i.e. 3913 open interest contracts headed for London (EFP’s) TOGETHER WITH AN DECREASE OF 4019 OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE FALL IN PRICE OF SILVER OF 27 CENTS AND A CLOSING PRICE OF $16.50 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. 1.1020 BILLION TO BE EXACT or 157% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT APRIL MONTH/ THEY FILED: 0 NOTICE(S) FOR nil 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 WITH TRADING 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 FELL BY AN HUGE SIZED 17,748 CONTRACTS DOWN TO 514,001 ACCOMPANYING THE GOOD SIZED LOSS IN PRICE/YESTERDAY’S TRADING ( DROP OF $17.45). WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF APRIL. THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GIGANTIC SIZED 16,673 CONTRACTS : JUNE SAW THE ISSUANCE OF 16,673 CONTRACTS , MAY SAW THE ISSUANCE OF 0 CONTRACTS AND ALL OTHER MONTHS ZERO. The new OI for the gold complex rests at 514,001. 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 SMALL OI LOSS IN CONTRACTS ON THE TWO EXCHANGES 17,748 OI CONTRACTS DECREASED AT THE COMEX AND AN GIGANTIC SIZED 16,673 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.THUS TOTAL OI LOSS: 1075 CONTRACTS OR 107,500 OZ =3.34 TONNES. THUS DESPITE THE RAID AND JUST LIKE SILVER ALMOST ALL OF THE COMEX LOST OPEN INTEREST CONTRACTS LANDED IN LONDON AS FORWARDS.

YESTERDAY, WE HAD 21,936 EFP’S ISSUED.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF APRIL : 110,788 CONTRACTS OR 11,078,800 OZ OR 344.59 TONNES (10 TRADING DAYS AND THUS AVERAGING: 11,079 EFP CONTRACTS PER TRADING DAY OR 1,107,800 OZ/ TRADING DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : SO FAR THIS MONTH IN 10 TRADING DAYS IN TONNES: 344.59 TONNES

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

THUS EFP TRANSFERS REPRESENTS 344.59/2550 x 100% TONNES = 13.51% 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: 2,389.07 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 HUGE SIZED DECREASE IN OI AT THE COMEX OF 17,748 ACCOMPANYING THE FALL IN PRICE // GOLD TRADING YESTERDAY ($17.40 LOSS). HOWEVER, WE HAD A HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 16,673 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 16,673 EFP CONTRACTS ISSUED, WE HAD A SMALL NET LOSS OF 1075 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES: (DESPITE THE RAID)

16,673 CONTRACTS MOVE TO LONDON AND 17,748 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the LOSS in total oi equates to 3.34 TONNES). WHEN THE BANKERS RAID, THE OBJECT OF THE EXERCISE IS TO CAUSE SPECULATOR OPEN INTEREST TO FALL I.E. FORCE OUR GOLD LEAVES TO FALL FROM THE GOLD TREE SUCH THAT OUR BANKERS COULD COVER THEIR SHORTFALL. IN BOTH GOLD AND SILVER THE RAID FAILED DUE TO THE FACT THAT ALMOST ALL OF THE LOST OPEN INTEREST LANDED AS FORWARDS IN LONDON AND THEIR NET SHORTCOVERING WAS NEGLIGIBLE.

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 UP $6.15 : WE HAD A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/ A DEPOSIT OF 5.90 TONNES

Inventory rests tonight: 865.89 tonnes.

SLV/

WITH SILVER UP 17 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 4019 CONTRACTS from 224,186 DOWN TO 220,167 (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.

TODAY’S TRADING, WITH THE RATHER LARGE COMEX LOSS OF 4019 CONTRACTS, OCCURRED AGAIN WITH THE CONSIDERABLE FALL IN PRICE OF SILVER (27 CENTS//). THE COMEX OPEN INTEREST HAS FALLEN FOR 4 CONSECUTIVE DAYS. HOWEVER OUR BANKERS ALSO USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER 3756 EFP CONTRACTS FOR MAY (WE DO NOT GET A LOOK AT THESE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM) AND 137 EFP’S FOR JULY AND ALL OTHER MONTHS. TOTAL EFP ISSUANCE: 3913 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 4019 CONTRACTS TO THE 3913 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A SMALL NET LOSS 106 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES: 0.500 MILLION OZ!!! AND THIS OCCURRED DESPITE THE VICIOUS RAID ORCHESTRATED BY OUR CROOKED BANKERS AS THEY FAILED TO LOOSEN ANY APPRECIABLE AMOUNT OF SILVER..

RESULT: A LARGE SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE FALL IN SILVER PRICING / YESTERDAY (27 CENTS/BANKER SHORTCOVERING) . BUT WE ALSO HAD ANOTHER GOOD SIZED 3913 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. IN ESSENCE NO APPRECIABLE AMOUNT OF ACTUAL SILVER LEAVES FELL FROM THE SILVER TREE AND THE RAID ORCHESTRATED BY OUR BANKERS WAS A DISMAL FAILURE.

(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)FRIDAY MORNING/THURSDAY NIGHT: Shanghai closed DOWN 21.06 POINTS OR 0.66% /Hang Sang CLOSED DOWN 22.90 POINTS OR 0.07% / The Nikkei closed UP 118.46 POINTS OR 0.55%/Australia’s all ordinaires CLOSED UP .22% /Chinese yuan (ONSHORE) closed UP at 6.2805/Oil UP to 66.85 dollars per barrel for WTI and 71.70 for Brent. Stocks in Europe OPENED IN THE GREEN . ONSHORE YUAN CLOSED UP AT 6.2805 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.2760 /ONSHORE YUAN TRADING WEAKER AGAINST OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING MUCH 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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