by Harvey Organ, Harvey Organ Blog:
CHINA DEVALUES WHICH SENDS THE DOLLAR YUAN EXCHANGE PAST 7:1 AND THAT WILL SEND A TSUNAMI OF DEFLATION THROUGHOUT THE GLOBE//GOLD RISES $18.85 TO $1465.55//SILVER ADVANCES 12 CENTS AS THE BANKERS ARE VERY NERVOUS OF A BANKING DEFAULT IN SILVER// AND FOR MATTER IN GOLD AS WELL//A MASSIVE 20,436 EFP CONTRACTS WERE ISSUED BY THE BANKERS IN GOLD IN A DESPERATE ATTEMPT TO CONTAIN THE PRICE//MASSIVE PROTESTS IN HONG ON SAT, SUN AND TODAY//IRAN INTERCEPTS ANOTHER OIL VESSEL//THE USA LOOKS LIKE THEY ARE GOING TO HAVE A NAVAL BLOCKADE ON VENEZUELA//INDIA NO LONGER ACCEPTS THE 72 YEAR AGREEMENT OF KASHMIR AND IT LOOKS LIKE THEY ARE GOING TO INVADE//THIS COULD BE A FULL SCALE WAR WITH PAKISTAN//TWO MAJOR SHOOTINGS IN THE USA OVER THE WEEKEND//MORE SWAMP STORIES FOR YOU TONIGHT
GOLD:$1464.55 UP $18.85(COMEX TO COMEX CLOSING
Silver: $16.39 UP 12 CENTS (COMEX TO COMEX CLOSING)/
Closing access prices:
Gold : $1462.20
silver: $16.40
it sure looks like we have strong entities ( or a sovereign) willing to take on the bankers as they are taking their paper gold/silver contracts are turning them into real metal.
I can only imagine the huge gain in open interest on our dual oi’s
i) the comex
ii) EFP
Also remember that gold and silver will be strong in the physical time zones and fall off in paper time zones
physical time zones: in eastern time
9:00 pm through to 3 am
8:00 am through til 12 pm
paper time zones:
2: pm through til 9:00 pm
we are coming very close to a commercial failure!!
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING 137/495
CONTRACT: AUGUST 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,445.600000000 USD
INTENT DATE: 08/02/2019 DELIVERY DATE: 08/06/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 5
118 H MACQUARIE FUT 80
657 C MORGAN STANLEY 2
661 C JP MORGAN 137
686 C INTL FCSTONE 1 20
690 C ABN AMRO 476 16
737 C ADVANTAGE 11 27
800 C MAREX SPEC 2 7
880 H CITIGROUP 204
905 C ADM 2
____________________________________________________________________________________________
TOTAL: 495 495
MONTH TO DATE: 4,289
TOTAL NUMBER OF NOTICES FILED SO FAR: 4289 NOTICES FOR 428,900 OZ (13.34 TONNES)
FOR JULY
total number of notices filed so far this month: 1017 for 5,085,000 oz
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Let us have a look at the data for today
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IN SILVER THE COMEX OI ROSE BY A SMALL SIZED 322 CONTRACTS FROM 237,568 UP TO 237,890 WITH THE 10 CENT GAIN IN SILVER PRICING AT THE COMEX.
TODAY WE ARRIVED CLOSER TO AUGUST’S 2018 RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.
WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP’S. WE WERE NOTIFIED THAT WE HAD A GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,
0 FOR AUGUST, 1181 FOR SEPT, AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1181 CONTRACTS. WITH THE TRANSFER OF 31181 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 1181 EFP CONTRACTS TRANSLATES INTO 5.905 MILLION OZ ACCOMPANYING:
1.THE 10 CENT GAIN IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST 12 MONTHS:
JUNE/2018. (5.420 MILLION OZ);
FOR JULY: 30.370 MILLION OZ
FOR AUG., 6.065 MILLION OZ
FOR SEPT. 39.505 MILLION OZ S
FOR OCT.2.525 MILLION OZ.
FOR NOV: A HUGE 7.440 MILLION OZ STANDING AND
21.925 MILLION OZ FINALLY STAND FOR DECEMBER.
5.845 MILLION OZ STAND IN JANUARY.
2.955 MILLION OZ STANDING FOR FEBRUARY.:
27.120 MILLION OZ STANDING IN MARCH.
3.875 MILLION OZ STANDING FOR SILVER IN APRIL.
18.845 MILLION OZ STANDING FOR SILVER IN MAY.
2.660 MILLION OZ STANDING FOR SILVER IN JUNE//
22.605 MILLION OZ INITIAL STANDING FOR JULY
6.880 MILLION OZ INITIALLY STANDING IN AUGUST.
WE HAD CONSIDERABLE COVERING OF SHORTS AT THE SILVER COMEX ON FRIDAY ..AND VERY LITTLE SPREADING ACCUMULATION.
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JULY:
4606 CONTRACTS (FOR 3 TRADING DAYS TOTAL 4606 CONTRACTS) OR 23.03 MILLION OZ: (AVERAGE PER DAY: 1535 CONTRACTS OR 7.676 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF JULY: 17.13 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 3.28% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)* JUNE’S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP’S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.
RESULT: WE HAD A SMALL SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 326, WITHTHE 10 CENT GAIN IN SILVER PRICING AT THE COMEX /FRIDAY… THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE OF 1181 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 (SEE COMEX DATA) .
TODAY WE GAINED A GOOD SIZED: 1507 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 1181 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH INCREASE OF 326 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 10 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $16.27 WITH RESPECT TO FRIDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY!!
In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.189 BILLION OZ TO BE EXACT or 170% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 66 NOTICE(S) FOR 330,000 OZ OF SILVER
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 243,411 CONTRACTS ON APRIL 9.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51.
AND NOW WE RECORD FOR POSTERITY ANOTHER ALL TIME RECORD OPEN INTEREST AT THE COMEX OF 244,196 CONTRACTS ON AUGUST 22/2018 AND AGAIN WHEN THIS RECORD WAS SET, THE PRICE OF SILVER WAS $14.78 AND LOWER IN PRICE THAN PREVIOUS RECORDS.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, 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)
.
IN GOLD, THE COMEX OPEN INTEREST ROSE BY AN ATMOSPHERIC AND CRIMINALLY SIZED 13,927 CONTRACTS, TO 586,247 ACCOMPANYING THE $25.20 PRICING GAIN WITH RESPECT TO COMEX GOLD PRICING FRIDAY// /THE SPREADING ACCUMULATION HAS NOW COMMENCED FOR SILVER..AS THE LIQUIDATION PHASE FOR COMEX OI GOLD HAS NOW STOPPED
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 7602 CONTRACTS:
AUGUST 2019: 0 CONTRACTS, DEC> 20,436 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 586,247,,. 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. . 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 AN ATMOSPHERIC AND CRIMINALLY SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 34,363 CONTRACTS (AND I BELIEVE A NEW RECORD..OR CLOSE TO IT… FOR TOTAL OI GAIN): 13,927 CONTRACTS INCREASED AT THE COMEX AND 20,436 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 34,363 CONTRACTS OR 3,436,300 OZ OR 106.88 TONNES. YESTERDAY WE HAD A STRONG GAIN OF $25.40 IN GOLD TRADING….AND WITH THAT GOOD GAIN IN PRICE, WE HAD A GIGANTIC GAIN IN GOLD TONNAGE OF 106.88 TONNES!!!!!! THE BANKERS WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER.
I WROTE THE FOLLOWING ON FRIDAY:
“WE ARE NOW OUT OF THE LIQUIDATION PHASE IN GOLD AS WE MORPH INTO THE ACCUMULATION PHASE FOR SILVER. ALSO REMEMBER THAT WE DID NOT GET OUR BIG GAIN IN PRICE UNTIL AFTER THE COMEX CLOSED…SO EXPECT A HUGE GAIN IN TOTAL OI WITH MONDAY’S READING.”
I GUESS I WAS RIGHT ON THAT ONE!!~
MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:
.
FOR NEWCOMERS, HERE IS THE MODUS OPERANDI OF THE CORRUPT BANKERS WITH RESPECT TO THEIR SPREAD/TRADING.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:
“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO SILVER AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.
HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF AUGUST HEADING TOWARDS THE VERY ACTIVE DELIVERY MONTH OF SEPTEMBER FOR SILVER.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES, HERE IS THE BANKERS MODUS OPERANDI:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST IS STARTING TO RISE IN THIS NON ACTIVE MONTH OF AUGUST BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVERWILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (SEPT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF AUGUST : 48,969 CONTRACTS OR 4,896,900 oz OR 152.31 TONNES (3 TRADING DAY AND THUS AVERAGING: 16,323 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 3 TRADING DAY IN TONNES: 152.31 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 152.31/3550 x 100% TONNES =4.29% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE: 3663.57 TONNES
JANUARY 2019 TOTAL EFP ISSUANCE; 531.20 TONNES
FEB 2019 TOTAL EFP ISSUANCE: 344.36 TONNES
MARCH 2019 TOTAL EFP ISSUANCE: 497.16 TONNES
APRIL 2019 TOTAL ISSUANCE: 456.10 TONNES
MAY 2019 TOTAL ISSUANCE: 449.10 TONNES
JUNE 2019 TOTAL ISSUANCE: 642.22 TONNES
JULY 2019: TOTAL ISSUANCE: 591.56 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 HUMONGOUS SIZED INCREASE IN OI AT THE COMEX OF 13,927 WITH THE PRICING GAIN THAT GOLD UNDERTOOK ON FRIDAY($25.40)) //.WE ALSO HAD A HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 20,436 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 20,436 EFP CONTRACTS ISSUED, WE HAD AN ATMOSPHERIC AND CRIMINALLY SIZED GAIN OF 34,363 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
20,436 CONTRACTS MOVE TO LONDON AND 13,927 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 106.88 TONNES). ..AND THIS HUGE INCREASE OF DEMAND OCCURRED WITH THE STRONG GAIN IN PRICE OF $25.40 WITH RESPECT TO YESTERDAY’S TRADING AT THE COMEX. WE HAVE NOW COMMENCED WITH SPREADING ACCUMULATION OF SILVER OI CONTRACTS AS WE HAVE ENTERED THE NON ACTIVE MONTH OF AUGUST. SPREADING LIQUIDATION IN GOLD HAS STOPPED.
we had: 495 notice(s) filed upon for 49,500 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 $18.85 TODAY//(COMEX-TO COMEX)
HUGE CHANGES IN GOLD INVENTORY AT THE GLD
a) late this morning: an addition of 2.94
INVENTORY RESTS AT 830.76 TONNES
TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD. IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY
WITH SILVER UP 12 CENTS TODAY:
A SMALL CHANGES IN SILVER INVENTORY AT THE SLV:
/INVENTORY RESTS AT 356.573 MILLION OZ.
AND THIS WAS TO PAY FOR FEES.
OUTLINE OF TOPICS TONIGHT
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in SILVER ROSE BY A SMALL SIZED 322 CONTRACTS from 237,568 UP TO 237,890 AND CLOSER TO THE NEW COMEX RECORD SET LAST IN AUG.2018 AT 244,196WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017OVER 1 1/3 YEARS AGO. THE PRICE OF SILVER ON THAT DAY: $17.89. AS YOU CAN SEE, WE HAVE RECORD HIGH OPEN INTERESTS IN SILVER ACCOMPANIED BY A CONTINUAL LOWER PRICE WHEN THAT RECORD WAS SET…..THE SPREADERS HAVE COMMENCED THEIR ACCUMULATION OF OPEN INTEREST CONTRACTS IN SILVER AND STOPPED THE LIQUIDATION OF THE SPREADERS IN GOLD
EFP ISSUANCE:
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
FOR JULY: 0 CONTRACTS FOR AUGUST: 0, FOR SEPT. 1181 AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1181 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE OI GAIN AT THE COMEX OF 322 CONTRACTS TO THE 1181 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A STRONGSIZED GAIN OF 1503 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES: 7.535 MILLION OZ!!! AND YET WE ALSO HAVE A STRONG DEMAND FOR PHYSICAL AS WE WITNESSED A FINAL STANDING OF GREATER THAN 30 MILLION OZ FOR JULY, A STRONG 7.475 MILLION OZ FOR AUGUST.. A HUGE 39.505 MILLION OZ STANDING FOR SILVER IN SEPTEMBER… OVER 2 million OZ STANDING FOR THE NON ACTIVE MONTH OF OCTOBER., 7.440 MILLION OZ FINALLY STANDING IN NOVEMBER. 21.925 MILLION OZ STANDING IN DECEMBER , 5.845 MILLION OZ STANDING IN JANUARY. 2.955 MILLION OZ STANDING IN FEBRUARY, 27.120 MILLION OZ FOR MARCH., 3.875 MILLION OZ FOR APRIL 18.765 MILLION OZ FOR MAY NOW 2.660 MILLION OZ FOR JUNE WITH JULY AT 22.605 MILLION OZ; AND AUGUST: 6.880 MILLION OZ STANDING SO FAR.
RESULT: A SMALL SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE 10 CENT GAIN IN PRICING THAT SILVER UNDERTOOK IN PRICING// FRIDAY. WE ALSO HAD A STRONG SIZED 1181 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE STRONG SIZED AMOUNT OF SILVER OUNCES STANDING FOR THIS MONTH, DEMAND FOR PHYSICAL SILVER CONTINUES TO INTENSIFY AS WE WITNESS SEVERE BACKWARDATION IN SILVER IN LONDON.
BOTH THE SILVER COMEX AND THE GOLD COMEX ARE IN STRESS AS THE BANKERS SCOUR THE BOWELS OF THE EXCHANGE FOR METAL
(report Harvey)
.
2 ) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
I)MONDAY MORNING/ SUNDAY NIGHT:
SHANGHAI CLOSED DOWN 46.36 POINTS OR 1.61% //Hang Sang CLOSED DOWN 767.26 POINTS OR 2.85% /The Nikkei closed DOWN 767.26 POINTS OR 2.85%//Australia’s all ordinaires CLOSED DOWN 1.98%
/Chinese yuan (ONSHORE) closed DOWN at 7.0339 /Oil DOWN TO 55.02 dollars per barrel for WTI and 61.15 for Brent. Stocks in Europe OPENED DEEPLY IN THE RED// ONSHORE YUAN CLOSED DOWN // LAST AT 7.0339 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 7.0840 TRADE TALKS STALL//YUAN LEVELS NOW PAST 7:1//TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED// AND NOW CHINA RETALIATES!! : /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP RAISED RATES TO 25% AND NOW ANOTHER 10% RISE IN SEPTEMBER
Read More @ HarveyOrganBlog.com
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