DEC 18/TAX REFORM LIKELY TO PASS/THE CROOKS RAID THE GLD COOKIE JAR WITH A HUGE 7.09 TONNE WITHDRAWAL/GOLD RISES BY $7.85 AND SILVER RISES BY 10 CENTS/ BITCOIN RISES $961 DOLLARS UP TO $18,608. B…

GOLD: $1262.60 up $7.85
Silver: $16.14 UP 10 cents
Closing access prices:
Gold $1263.00
silver: $16.14
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: $1266.13 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1255.08
PREMIUM FIRST FIX: $11.07
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SECOND SHANGHAI GOLD FIX: $1268.96
NY GOLD PRICE AT THE EXACT SAME TIME: $1256.00
Premium of Shanghai 2nd fix/NY:$12.96
SHANGHAI REJECTS NY /LONDON PRICING OF GOLD
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LONDON FIRST GOLD FIX: 5:30 am est $1258.65
NY PRICING AT THE EXACT SAME TIME: $1258.15
LONDON SECOND GOLD FIX 10 AM: $1260.60
NY PRICING AT THE EXACT SAME TIME. 1261.20
For comex gold:
DECEMBER/
NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 4 NOTICE(S) FOR 400 OZ.
TOTAL NOTICES SO FAR: 7094 FOR 709,400 OZ (22.065 TONNES),
For silver:
DECEMBER
103 NOTICE(S) FILED TODAY FOR
505,000 OZ/
Total number of notices filed so far this month: 5930 for 29,650,000 oz
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Bitcoin: BID $18,946/OFFER $19,068 UP $1322 (morning)
BITCOIN : BID $18,608 : OFFER 18,707 UP $961 (CLOSING)

This post was published at Harvey Organ Blog on December 18, 2017.


Gold EFPs: Absolute Proof That Paper Gold Is A Fraud

A guest post by Stewart Dougherty
IRD’s Note: In the past year, there has been a noticeably substantial increase in the use of the obscurely defined EFPs (Exchange for Physicals) and PNTs (Privately Negotiated Transactions) in the settlement of Comex gold and silver futures contracts. In simple terms, the EFPs and PNTs enable the counterparties a Comex futures contract or LBMA forward to settle the contract in an acceptable form other than the actual physical commodity as required by the contract specifications (e.g. one gold futures contract requires the delivery of a 100 oz. gold bar as qualified by the Comex). As an example, the counterparty that is required to deliver gold under Comex contract terms can deliver a comparable dollar amount of GLD shares if the counterparty standing for delivery agrees to take delivery of the GLD shares.
The EFPs and PNTs plunge the Comex operations into even greater opacity – likely intentionally. In all probability, the EFPs and PNTs are used to bridge the gap between the amount of gold (silver) that needs to be delivered and the amount of gold (silver) that is available to be delivered. The settlement of the contract occurs outside of the Comex. These contract settlement devices further enable the ability of the western Central Banks to execute the successful manipulation of the gold (silver) price.

This post was published at Investment Research Dynamics on December 18, 2017.


Gold And Silver Bulls, Don’t Give Up Yet

First published on Wednesday Dec 6 for members: The ‘sentiment’ in the metals complex now ranges from indifferent to very bearish. In fact, I am seeing many just posting how they are just fed up with the metals complex, and just want to move on. And, that is often the time when fireworks are seen. So, I think it is prudent that we remain on our toes right now, just as many seem to giving up.
With silver’s direct drop lower this week, along with the potential that the GDX may hold its 21 region support, we may be able to maintain a more immediate bullish perspective. However, I still want to note that it will still take several months until the next break out set up is ready to go. But, what I am about to present is the best-case scenario we can view on the charts at this time. And, they need some serious confirmation in the coming weeks.
First, I will go through the more immediate bullish potentials, as presented in silver, GDX and GLD. Then I will discuss the more bearish potential, and what can trigger that.
Starting with silver, the more direct drop this week in silver can actually complete all of wave (2) a bit sooner than I had initially expected. This is a very reasonable wave count, as long as we hold over the 15.60 level, where w=y.

This post was published at GoldSeek on Friday, 8 December 2017.


DEC 4/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)/ SILVER SEES AN EFP TRANSFER OF 2881 CONTRACTS OR 14.4 MIL…

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

This post was published at Harvey Organ Blog on December 4, 2017.