Another Raid By The Bankers On Gold And Silver Today Hoping For Capitulation

by HarveyOrgan, Harvey Organ Blog:

GOLD DOWN $9.15 AND SILVER IS DOWN 15 CENTS/A MASSIVE 20,559 COMEX OI TRANSFERS OVER FOR 20,559 GOLD EFPS IN LONDON/SILVER WITNESSES A TRANSFER OF 5700 OI CONTRACTS FOR EFPS/A MASSIVE 37 TONNES OF GOLD STANDING IN DECEMBER/A HUGE 32 MILLION OZ OF SILVER STANDING IN DECEMBER ON FIRST DAY NOTICE/CHINESE ECONOMIC TRADE TALKS WITH THE USA STALLS

GOLD: $1273.95  DOWN $9.15

Silver: $16.43 DOWN 13 cents

Closing access prices:

Gold $1275.30

silver: $16.43

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: $1292.28 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1284.75

PREMIUM FIRST FIX: $7.53

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SECOND SHANGHAI GOLD FIX: $1290.66

NY GOLD PRICE AT THE EXACT SAME TIME: $1284.10

Premium of Shanghai 2nd fix/NY:$6.56

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LONDON FIRST GOLD FIX: 5:30 am est $1282.15

NY PRICING AT THE EXACT SAME TIME: $1281.90

LONDON SECOND GOLD FIX 10 AM: $1280.20

NY PRICING AT THE EXACT SAME TIME. 1280.00

For comex gold:

DECEMBER/

 NUMBER OF NOTICES FILED TODAY FOR DECBER CONTRACT:  2309 NOTICE(S) FOR 230,900 OZ.

TOTAL NOTICES SO FAR: 2309 FOR 230,900 OZ (7.181 TONNES)

For silver:

DECEMBER

3994 NOTICE(S) FILED TODAY FOR19,970,000 OZ/

Total number of notices filed so far this month: 3994 for 19,970,000 oz

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Bitcoin: BID $9808/OFFER $9868, DOWN $5 (morning) BITCOIN : BID $9854 OFFER: $9914 // UP $39 (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 SURPRISINGLY ROSE BY  A CONSIDERABLE 3254 contracts from 186,272 RISING TO 189,526 DESPITE YESTERDAY’S TRADING  WHICH SAW SILVER PLUMMET 32 CENTS AND NOW WELL BELOW THE HUGE $17.25 SILVER RESISTANCE.   WE HAD SURPRISINGLY NO COMEX LIQUIDATION.  HOWEVER WE WERE ALSO NOTIFIED THAT WE HAD ANOTHER LARGE NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE : 0 DECEMBER EFP’S WERE ISSUED ALONG WITH 5700 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 5700 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 820 EFP’S FOR SILVER ISSUED.

RESULT: A GOOD SIZED RISE IN OI COMEX DESPITE THE DROP IN SILVER PRICE OF 32 CENTS. 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 5700 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 8954 OI CONTRACTS i.e.  5700 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 3254 OI COMEX CONTRACTS.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.949 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 3994 NOTICE(S) FOR 19,970,000 OZ OF SILVER

In gold, the open interest COLLAPSED AGAIN IN SIMILAR  FASHION TO WHICH WE HAVE WITNESSED DURING THE PAST TWO YEARS AS WE APPROACH AN ACTIVE DELIVERY MONTH LIKE THIS ONE, I.E. DECEMBER.  THE TOTAL OI FELL BY ANOTHER 14,574 CONTRACTS DOWN TO 489,236 WITH THE HUGE FALL  IN PRICE OF GOLD YESTERDAY ($12.30).  HOWEVER  THE TOTAL NUMBER OF GOLD EFP’S ISSUED TODAY  TOTALED ANOTHER 20,559 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 600 CONTRACTS AND FEB SAW THE ISSUANCE OF 19,959 CONTRACTS. (EMERGENCY??)   The new OI for the gold complex rests at 490,015. 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 ACCPRECIABLE 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 HAD A NET GAIN OF 5989 OI CONTRACTS: 14,574 OICONTRACTS LOST AT THE  COMEX OI  BUT OF THAT TOTAL  20,559 OI CONTRACTS NAVIGATED OVER TO LONDON. AS I REPORTED YESTERDAY: “THE CME HAS BEEN VERY TARDY IN THEIR REPORTING OF EFP ISSUANCE.  MY BET IS THAT WITH TOMORROW’S READING WE WILL HAVE A SURPLUS OF22,000++ OI NAVIGATING TO LONDON.”  I WAS CLOSE:  20,559 MOVED ACROSS. THESE GUYS ARE CROOKS. THEY ARE IMMEDIATELY REMOVING OPEN INTEREST NUMBERS BUT DELAYING RELEASE OF EFP’S

YESTERDAY, WE HAD 13,058 EFP’S ISSUED.

Result: A HUGE SIZED DECREASE IN OI  WITH THE HUGE SIZED FALL IN PRICE IN GOLD YESTERDAY ($12.30). WE  HAD AN LARGE  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 20,559. 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 20,559 EFP CONTRACTS ISSUED, WE HAD A NET GAIN OPEN INTEREST OF 5989 contracts:

20,359 CONTRACTS MOVE TO LONDON AND 14,574 CONTRACTS REMOVED FROM   THE COMEX.

we had:  2309  notice(s) filed upon for 230,900 oz of gold.

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

GLD:

Today, no changes in gold inventory at the GLD/

Inventory rests tonight: 839.55 tonnes.

SLV

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

INVENTORY RESTS AT 317.130 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 SURPRISINGLY ROSE BY 3254 contracts from 186,272 UP  TO 189,526 (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 (A FALL OF 32 CENTS ). HOWEVER, OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER HUGE  5700  PRIVATE EFP’S FOR MARCH (WE DO NOT GET A LOOK AT THESE CONTRACTS).  EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  WE HAVE NOW REACHED  FIRST DAY NOTICE.  AS I STATED YESTERDAY: “THIS IS THE SCENE WHERE IN THE PAST WE DID SEE MASSIVE COMEX OI CONTRACTION ALTHOUGH IT WAS MORE PRONOUNCED IN GOLD THAN WITH SILVER.” IF YOU COMPARE GOLD TO SILVER ONE CAN SEE THE DIFFERENCE: GOLD HAS A MUCH GREATER TRANSFER IN EFP’S THAN SILVER.  TODAY WE HAD ZERO COMEX SILVER COMEX LIQUIDATION. IF WE ADD THE OI GAIN AT THE COMEX (3528 CONTRACTS)   TO THE 5700 OI TRANSFERRED TO LONDON THROUGH EFP’S  WE OBTAIN A NET GAIN OF A MASSIVE  8954  OPEN INTEREST CONTRACTS, ON TOP OF THE HUGE AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN DECEMBER (SEE BELOW)

RESULT: A LARGE SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE 32 CENT FALL IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING).  BUT WE ALSO  HAD ANOTHER 5770 EFP’S ISSUED.. TRANSFERRING OUR COMEX LONGS OVER TO LONDON . TOGETHER WITH THE HUGE AMOUNT OF SILVER OUNCES STANDING FOR DECEMBER, DEMAND FOR PHYSICAL SILVER IS STRONG.

(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)Late WEDNESDAY night/THURSDAY morning: Shanghai closed DOWN 20.67 points or .62% /Hang Sang CLOSED DOWN 446.48 pts or 1.51% / The Nikkei closed UP 127.76 POINTS OR 0.57%/Australia’s all ordinaires CLOSED DOWN 0.64%/Chinese yuan (ONSHORE) closed DOWN at 6.6150/Oil DOWN to 57.85 dollars per barrel for WTI and 63.27 for Brent. Stocks in Europe OPENED GREEN .    ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6150. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.6210 //ONSHORE YUAN WEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT  HAPPY TODAY.(MARKETS VERY WEAK)

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