DEC 29

GOLD: $1303.00 up $8.50
Silver: $16.44 up 10 cents
Closing access prices:
Gold $1393.00
silver: $16.94
For comex gold:
JANUARY/
NUMBER OF NOTICES FILED TODAY FOR JANUARY CONTRACT: 137 NOTICE(S) FOR 13700 OZ.
TOTAL NOTICES SO FAR: 137 FOR 13700 OZ (0.4261 TONNES),
For silver:
JANUARY
321 NOTICE(S) FILED TODAY FOR
1,605,000 OZ/
Total number of notices filed so far this month: 321 for 1,605,000 oz
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Bitcoin: BID $14,555/OFFER $14,670 UP $164 (morning)
BITCOIN : BID $14,323/OFFER $14,443 /down $50CLOSING

This post was published at Harvey Organ Blog on December 29, 2017.


DEC 28/2017/GOLD UP $6.50 TO $1294.50/SILVER UP 13 CENTS TO $16.84/ GOLD EFP TRANSFERS: OVER 11,000/ SILVER EFP TRANSFERS FOR A LONDON FORWARD: OVER 2600 CONTRACTS/GOFO RATES RISE TO OVER 2.15% I…

GOLD: $1294.50 up $6.50
Silver: $16.84 up 13 cents
Closing access prices:
Gold $1294.00
silver: $16.84
For comex gold:
DECEMBER/
NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 138 NOTICE(S) FOR 13800 OZ.
TOTAL NOTICES SO FAR: 9194 FOR 919,400 OZ (28.592 TONNES),
For silver:
DECEMBER
256 NOTICE(S) FILED TODAY FOR
1,280,000 OZ/
Total number of notices filed so far this month: 6403 for 32,015,000 oz
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Bitcoin: BID $13,577/OFFER $13,760 DOWN $1651 (morning)
BITCOIN : BID $14,994/OFFER $15,099 /DOWN $709 CLOSING

This post was published at Harvey Organ Blog on December 28, 2017.


DEC 27/GOLD UP $5.05 RISING $1288.00/SILVER UP 17 CENTS UP TO $16.71/GOLD EFP’S TRANSFER TO LONDON 2056 CONTRACTS/SILVER TRANSFERS; 840 CONTRACTS/MANHATTAN APARTMENT PRICES CRASHING DUE TO NEW TA…

GOLD: $1288.00 up $5.05
Silver: $16.71 up 17 cents
Closing access prices:
Gold $1288.50
silver: $16.73
For comex gold:
DECEMBER/
NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 33 NOTICE(S) FOR 3300 OZ.
TOTAL NOTICES SO FAR: 9056 FOR 905,600 OZ (28.30 TONNES),
For silver:
DECEMBER
8 NOTICE(S) FILED TODAY FOR
40,000 OZ/
Total number of notices filed so far this month: 6403 for 32,015,000 oz
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Bitcoin: BID $15,775/OFFER $15,900 up $98 (morning)
BITCOIN : BID $14,994/OFFER $15,099 /DOWN $709 CLOSING

This post was published at Harvey Organ Blog on December 27, 2017.


DEC 26/GOLD RISES ANOTHER $7.10 TO $1282,95/SILVER RISES ANOTHER 17 CENTS TO 416.54/ANOTHER HUGE DAY FOR GOLD EFP’S: ALMOST 10,000 CONTRACTS ISSUED/FOR SILVER 1760 CONTRACTS ISSUED/BITCOIN GAINS …

GOLD: $1282.95 up $7.10
Silver: $16.54 up 17 cents
Closing access prices:
Gold $1283.50
silver: $16.56
For comex gold:
DECEMBER/
NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 44 NOTICE(S) FOR 4400 OZ.
TOTAL NOTICES SO FAR: 9023 FOR 902,300 OZ (28.065 TONNES),
For silver:
DECEMBER
0 NOTICE(S) FILED TODAY FOR
NIL OZ/
Total number of notices filed so far this month: 6395 for 31,975,000 oz
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Bitcoin: BID $15,892/OFFER $15,976 up $1892 (morning)
BITCOIN : BID $15,911 : OFFER 16,016 UP $2037 (CLOSING)

This post was published at Harvey Organ Blog on December 26, 2017.


Stocks and Precious Metals Charts – Quiet Comex Option Expiration – Bitcoin, the Mania

The rebound for gold and silver off the lows associated with the recent Non-Farm Payrolls and FOMC continued with gold taking and holding 1280 and silver putting a stick in the ground above 16.50. I lightened up on a largish short term position I had put on at the time. I did circle these instances of short term lows on the chart as you may recall.
As noted with the publication of the new Comex options calendars yesterday, today was an options expiration for precious metals.
February is the new active month for gold contracts. March is the next active contract for silver.
Although it still matters for pricing, the Comex listed warehouse complex is starting to resemble a museum. Very little gold flows in or out of its approved warehouses, excepting for those in Hong Kong which is by far their largest source of physical gold movement.
Silver is a bit different, because CNT is an active wholesaler of physical silver for the Mint among others, and it uses the Comex to warehouse its inventory flows. But I just don’t see the shortage of physical silver in the same light as gold. It is easy to see that JPM is sitting on a massive hoard which is interesting.
Gold is a funny market now. In some ways it reminds me of a ponzi scheme in which a relatively small amount of free float physical gold is being leveraged over a very large and growing number of commitments.

This post was published at Jesses Crossroads Cafe on 26 DECEMBER 2017.


Gold and Silver Option Calendars for 2018

As you can see there will be an option expiration for the January 2018 contracts for gold and silver futures on the Comex.
Within the next few days I will mark the more important contract months on the calendars.
For example, the trading for the February gold contract has the most volume by far compared to January.

This post was published at Jesses Crossroads Cafe on 25 DECEMBER 2017.


DEC 22.GOLD ADVANCES $8.55 TO $1275.85/SILVER RISES 18 CENTS TO $16.37/ GOLD COMEX EFP’S : 6514/SILVER EFP’S: 921/BITCOIN COLLAPSES/COINBASE STOPS BUYING AND SELLING OF BITCOIN BECAUSE OF EXCESSI…

GOLD: $1275.85 up $8.55
Silver: $16.37 up 18 cents
Closing access prices:
Gold $1274.80
silver: $16.42
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: $1276.55 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1266.20
PREMIUM FIRST FIX: $10.35

This post was published at Harvey Organ Blog on December 22, 2017.


Hard Assets Alliance: The Role Of Gold (And Silver)

Longtime PeakProsperity.com readers know that the Hard Assets Alliance is this website’s officially-endorsed gold & silver bullion dealer (the list of reasons why can be read here).
Given the painful slog over recent years for precious metals investors, we thought it was high time to bring them back on the program to offer an update on the fundamental reasons for continuing to own bullion.
This week, Chris sits down with HAA executive Ed D’Agostino to discuss the role of gold (and silver) in an investment portfolio during the age of bitcoin and endless central bank liquidity:
As for what’s next for prices, in terms of supply, I think that the sector, in many ways, has a self-correcting aspect to it. If producers can’t produce and make any profit — and that’s really where they’re at now in the silver mining sector — eventually that situation will correct. Mines will shut down, and the price will go up. We’re seeing something similar to that in oil right now.
But then when you introduce the short position on the COMEX, things become more nefarious. In the US, the government has, in my opinion, beaten gold out of the collective consciousness of the American citizenship. So because of that, Americans tend to be very under-invested or under-exposed to gold.

This post was published at PeakProsperity on Wednesday, December 20, 2017,.