Gold Down $4.50 But Silver Holds, Down Only 1 Cent/huge Number Of Gold Efp Transfers: 15,773 Contracts Or 1,577,300 Oz (49 Tonnes)

by Harvey Organ, Harvey Organ Blog:

SILVER SEES AN EFP TRANSFER OF 2881 CONTRACTS OR 14.4 MILLION OZ/HUGE DEPOSIT OF 8.56 TONNES INTO THE GLD/BITCOIN RISES TO ALMOST $11,500 PER COIN/LARGEST EVER MILITARY DRILL OVER THE KOREAN PENINSULA/FRIDAY NIGHT ISRAEL STRIKES JUST OUTSIDE OF DAMASCUS/USA SENATE PASSES ITS VERSION OF THE TAX REFORM BILL/NOW THE TWO HOUSES MUST MERGE INTO ONE BILL/

December 4, 2017 · by harveyorgan · in Uncategorized · Leave a comment 

GOLD: $1275.00  DOWN $4.50

Silver: $16.34 DOWN 1 cents

Closing access prices:

Gold $1276.20

silver: $16.33

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: $1279.84 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1274.30

PREMIUM FIRST FIX: $5.54

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SECOND SHANGHAI GOLD FIX: $1279.84

NY GOLD PRICE AT THE EXACT SAME TIME: $1274.30

Premium of Shanghai 2nd fix/NY:$7.69

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LONDON FIRST GOLD FIX: 5:30 am est $1279.10

NY PRICING AT THE EXACT SAME TIME: $1274.85????

LONDON SECOND GOLD FIX 10 AM: $1273.45

NY PRICING AT THE EXACT SAME TIME. 1275.20???

For comex gold:

DECEMBER/

 NUMBER OF NOTICES FILED TODAY FOR DECBER CONTRACT:  76 NOTICE(S) FOR 7600 OZ.

TOTAL NOTICES SO FAR: 3012 FOR 301,200 OZ (9.368 TONNES)

For silver:

DECEMBER

213 NOTICE(S) FILED TODAY FOR1,065,000 OZ/

Total number of notices filed so far this month: 4605 for 23,025,000 oz

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Bitcoin: BID $11,238/OFFER $11,289, up $483 (morning) BITCOIN : BID $11,501 OFFER: $11,558 // UP $747 (CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY ROSE BY A HUGE 3174 contracts from 187,033 RISING TO 191,302 DESPITE FRIDAY’S CONTINUAL DRUBBING OF SILVER  WHICH SAW OUR METAL FALL ANOTHER 8 CENTS AND NOW WELL BELOW THE HUGE $17.25 SILVER RESISTANCE.   WE HAD SURPRISINGLY NO REAL COMEX LIQUIDATION AS WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER LARGE NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE :  2881 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 2881 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. FRIDAY WITNESSED 5387 EFP’S FOR SILVER ISSUED.

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF DECEMBER:  8268 CONTRACTS

RESULT: A HUGE SIZED RISE IN OI COMEX DESPITE THE CONTINUAL DRUBBING IN SILVER PRICE: FRIDAY IT FELL BY ANOTHER  8 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 2881 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 6055 OI CONTRACTS i.e.  2881 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 3,174 OI COMEX CONTRACTS. AND ALL OF THIS INCREASED DEMAND (INCREASE IN OPEN INTEREST) HAPPENED WITH THE FALL IN PRICE OF SILVER BY ANOTHER 8 CENTS ON FRIDAY CLOSING AT  A LOW  PRICE OF $16.35

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.956 BILLION TO BE EXACT or 137% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 213 NOTICE(S) FOR 1,065,000 OZ OF SILVER

In gold, the open interest FELL BY A LARGE 10,652 CONTRACTS DOWN TO 474,857  DESPITE THE RISE  IN PRICE OF GOLD ON FRIDAY ($5.65).  HOWEVER,  THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR MONDAY  TOTALED ANOTHER 15,773 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 15,773 CONTRACTS. The new OI for the gold complex rests at 476,099. 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 5121 OI CONTRACTS: 10,652 OI CONTRACTS LOST AT THE  COMEX  BUT  15,773 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.

FRIDAY, WE HAD 15,472 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE:  31,245 CONTRACTS

Result: A HUGE SIZED DECREASE IN OI  WITH THE FAIR SIZED RISE IN PRICE IN GOLD YESTERDAY ($5.65). WE  HAD AN LARGE  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 15,773. 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 15,773 EFP CONTRACTS ISSUED, WE HAD A NET GAIN OPEN INTEREST OF 5121  contracts:

15,773 CONTRACTS MOVE TO LONDON AND 10,652 CONTRACTS REMOVED FROM THE COMEX.

we had:  627  notice(s) filed upon for 62,700 oz of gold.

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

GLD:

Today, A HUGE CHANGE in gold inventory at the GLD/ A MASSIVE DEPOSIT OF 8.56 TONNES. SEEMS OUR CROOKS HAVE RUN OUT OF GOLD TO SEND DOWN TO CHINA.

Inventory rests tonight: 848.11 tonnes.

SLV

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

INVENTORY RESTS AT 319.206 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 A HUGE 3174 contracts from 187,033 UP  TO 190,207 (AND now A LITTLE CLOSER TO 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 8 CENTS ). ON TOP OF THE RISE IN OI AT THE COMEX, OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER HUGE  2881  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 ADD THE OI GAIN AT THE COMEX (3174 CONTRACTS)   TO THE 2881 OI TRANSFERRED TO LONDON THROUGH EFP’S  WE OBTAIN A NET GAIN OF A MASSIVE  6055  OPEN INTEREST CONTRACTS, ON TOP OF THE HUGE AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN DECEMBER (SEE BELOW)

RESULT: A HUGE SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE 8 CENT FALL IN PRICE (WITH RESPECT TO FRIDAY’S TRADING).  BUT WE ALSO  HAD ANOTHER 2881 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.

(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 SUNDAY night/MONDAY morning: Shanghai closed DOWN 7.99 points or .24% /Hang Sang CLOSED UP 64.04 pts or 0.22% / The Nikkei closed DOWN 111.87 POINTS OR 0.49%/Australia’s all ordinaires CLOSED DOWN 0.08%/Chinese yuan (ONSHORE) closed DOWN at 6.6190/Oil DOWN to 57.71 dollars per barrel for WTI and 63.16 for Brent. Stocks in Europe OPENED ALL GREEN .    ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6190. OFFSHORE YUAN CLOSED DOWN AGAINST  THE ONSHORE YUAN AT 6.6196 //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.(MARKETS GENERALLY  WEAK)

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