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SILVER ALSO HAS A STELLAR DAY UP 74 CENTS

8-8-2019 < SGT Report 10 3213 words
 

by Harvey Organ, Harvey Organ Blog:


GOLD BREAKS THROUGH $1500 TO END THE COMEX SESSION UP $31.00 TO $1503//SILVER ALSO HAS A STELLAR DAY UP 74 CENTS//CHINA THREATENS REVERSE SANCTIONS IF INDIA DOES NOT USE HUAWEI PRODUCTS//TREASURY YIELDS PLUMMET/THE ENTIRE USA YIELD CURVE INVERTED



GOLD:$1503.00  UP $31.00(COMEX TO COMEX CLOSING


Silver: $17.18 UP 74 CENTS  (COMEX TO COMEX CLOSING)/


Closing access prices:



Gold : $1501.65



silver:  $17.11


today, gold broke through $1500.00 and silver sliced through $17.00 with reckless abandon.


Expect massive margin calls issued tonight to take effect tomorrow to those who are short the metals.


do not worry about the prices falling in the access market..we have very little counterparties.  The real action will begin at 9 pm tonight through 3 am est


and then when comex opens for trading at 8:20 am


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 7/19


EXCHANGE: COMEX
CONTRACT: AUGUST 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,472.400000000 USD
INTENT DATE: 08/06/2019 DELIVERY DATE: 08/08/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
118 H MACQUARIE FUT 4
661 C JP MORGAN 3 7
686 C INTL FCSTONE 6
690 C ABN AMRO 3
737 C ADVANTAGE 6 2
800 C MAREX SPEC 1
880 H CITIGROUP 6
____________________________________________________________________________________________


TOTAL: 19 19
MONTH TO DATE: 4,400





NUMBER OF NOTICES FILED TODAY FOR  JULY CONTRACT: 19 NOTICE(S) FOR 1900 OZ (0.0590 tonnes)



TOTAL NUMBER OF NOTICES FILED SO FAR:  4400 NOTICES FOR 440,000 OZ  (13.688 TONNES)






FOR JULY




54 NOTICE(S) FILED TODAY FOR 270,000  OZ/





total number of notices filed so far this month: 1132 for   5,660,000 oz



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Bitcoin: OPENING MORNING TRADE :  $ 11696 UP 216



Bitcoin: FINAL EVENING TRADE: $ 11799 UP 325





Let us have a look at the data for today


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IN SILVER THE COMEX OI ROSE BY A FAIR  SIZED 856 CONTRACTS FROM 238,434 UP TO 239,290 WITHTHE 5 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 STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDONTHROUGH THE EFP:,


0 FOR JULY. FOR AUGUST, 1113 FOR SEPT, AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  1113 CONTRACTS. WITH THE TRANSFER OF 1113 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 1113 EFP CONTRACTS TRANSLATES INTO 5.56 MILLION OZ  ACCOMPANYING:




1.THE 5 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.


2.425 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


7.425   MILLION OZ INITIAL STANDING IN AUGUST.







WE MUST HAVE HAD CONSIDERABLE COVERING OF SHORTS AT THE SILVER COMEX LAST NIGHT AND SOME SPREADING ACCUMULATION.




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 FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JULY:


7368 CONTRACTS (FOR 5 TRADING DAYS TOTAL 7368 CONTRACTS) OR 36.84 MILLION OZ: (AVERAGE PER DAY: 1473 CONTRACTS OR 7.368 MILLION OZ/DAY)


TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF JULY:  36.84 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 5.63% 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.


ACCUMULATION IN YEAR 2019 TO DATE SILVER EFP’S:          1364.16   MILLION OZ.


JANUARY 2019 EFP TOTALS:                                                      217.455. MILLION OZ



FEB 2019 TOTALS:                                                                       147.4     MILLION OZ/


MARCH 2019 TOTAL EFP ISSUANCE:                                          207.835 MILLION OZ


APRIL 2019 TOTAL EFP ISSUANCE:                                              182.87  MILLION OZ.


MAY 2019: TOTAL EFP ISSUANCE:                                                136.55 MILLION OZ


JUNE 2019 , TOTAL EFP ISSUANCE:                                               265.38 MILLION OZ


JULY 2019   TOTAL EFP ISSUANCE:                                                175.74 MILLION OZ



RESULT: WE HAD A FAIR SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 856, WITHTHE 5 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY… THE CME NOTIFIED US THAT WE HAD A  GOOD SIZED EFP ISSUANCE OF 1113 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 VERY STRONG  SIZED: 1969 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: 


i.e 1113 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH INCREASE OF 856  OI COMEX CONTRACTS. AND ALL OF THIS  DEMAND HAPPENED WITH A 5 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $16.44 WITH RESPECT TO YESTERDAY’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. 1.199 BILLION OZ TO BE EXACT or 171% of annual global silver production (ex Russia & ex China).


FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 54 NOTICE(S) FOR 270,000 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:



  1. HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY  (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ  MAY: 36.285 MILLION OZ ; JUNE/2018  (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ   )  FOR AUGUST 6.065 MILLION OZ. , SEPT:  A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz  NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ   JANUARY AT  5.825 MILLION OZ.AND FEB 2019:  2.955 MILLION OZ/ MARCH: 27.120 MILLION OZ/  APRIL AT 3.875 MILLION OZ/ A MAY:  18.845 MILLION OZ..JUNE 2.660 MILLION OZ//JULY 22.605 MILLION OZ;AUGUST 7.425 MILLION

  2. HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018) AND NOW AUGUST 22/2018:  244,196 CONTRACTS,  WITH A SILVER PRICE OF $14.78.

  3. HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017

  4. RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLIONOZ/  AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ


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 A TINY SIZED 485 CONTRACTS, TO 600,317 ACCOMPANYING THE  $7.85 PRICING GAIN WITH RESPECT TO COMEX GOLD PRICING// YESTERDAY// /





THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A STRONG SIZED 4966 CONTRACTS: AUGUST 2019: CONTRACTS, DEC>  4966 CONTRACTS AND ALL OTHER MONTHS ZERO.  The NEW COMEX OI for the gold complex rests at 600,317,,.  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 A STRONG SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5451 CONTRACTS: 485 CONTRACTS INCREASED AT THE COMEX  AND 4966 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN OF 5451 CONTRACTS OR 545,100 OZ OR 5.620 TONNES.  YESTERDAY WE HAD A GOOD GAIN OF $7.85 IN GOLD TRADING….AND WITH THAT GOOD GAIN IN  PRICE, WE  HAD A GOOD GAIN IN GOLD TONNAGE OF 5.62  TONNES!!!!!! THE BANKERS  WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER DESPERATE TO CONTAIN THE PRICE RISE.








ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF AUGUST : 65,620 CONTRACTS OR 6,562,000 oz OR 224.51 TONNES (5 TRADING DAY AND THUS AVERAGING: 13,124 EFP CONTRACTS PER TRADING DAY


TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 5 TRADING DAY IN  TONNES: 224.51 TONNES


TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES


THUS EFP TRANSFERS REPRESENTS 224.51/3550 x 100% TONNES =6.32% OF GLOBAL ANNUAL PRODUCTION



ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE:     3715.35  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 TINY SIZED INCREASE IN OI AT THE COMEX OF 485 WITH THE  PRICING GAIN THAT GOLD UNDERTOOK YESTERDAY($7.85)) //.WE ALSO HAD  A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 4,966 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 4966 EFP CONTRACTS ISSUED, WE  HAD A  STRONG SIZED GAIN OF 5451 CONTRACTS IN TOTAL OPEN INTEREST  ON THE TWO EXCHANGES:


4966 CONTRACTS MOVE TO LONDON AND 485 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 5.620 TONNES). ..AND THIS HUGE INCREASE OF  DEMAND OCCURRED WITH THE GAIN IN PRICE OF $7.85 WITH RESPECT TO YESTERDAY’S TRADING AT THE COMEX. WE HAVE NOW STOPPED WITH SPREADING LIQUIDATION OF GOLD OI CONTRACTS AND COMMENCED WITH SILVER SPREADER OI ACCUMULATION.




we had:  19 notice(s) filed upon for 1900 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 $31.00 TODAY//(COMEX-TO COMEX)



 a deposit of: 1.86 tonnes






INVENTORY RESTS AT 836.92 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 74 CENTS TODAY:








NO CHANGE IN SILVER INVENTORY AT THE SLV









/INVENTORY RESTS AT 361.907 MILLION OZ.




















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 FAIR SIZED 856 CONTRACTS from 238,434 UP TO 239,290 AND CLOSER TO THE NEW COMEX RECORD SET LAST IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD WAS SET ON APRIL 9/2018AT 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. 1113  AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1113 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 845  CONTRACTS TO THE 1113 OI TRANSFERRED TO LONDON THROUGH EFP’S,  WE OBTAIN A  STRONGSIZED GAIN OF 1969 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES: 9.845 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 STANDING AND AUGUST: .7.425 MILLION OZ/




RESULT: A FAIR SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE 5 CENT GAIN IN PRICING THAT SILVER UNDERTOOK IN PRICING// YESTERDAY. WE ALSO HAD A STRONG SIZED 1113 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


3. ASIAN AFFAIRS



I)WEDNESDAY MORNING/ TUESDAY NIGHT:


SHANGHAI CLOSED DOWN 8.88 POINTS OR 0.32%  //Hang Sang CLOSED UP 20.79 POINTS OR 0.08%   /The Nikkei closed DOWN 68.75 POINTS OR 0.33%//Australia’s all ordinaires CLOSED UP .64%


/Chinese yuan (ONSHORE) closed DOWN  at 7.0458 /Oil UP TO 57.21 dollars per barrel for WTI and 64.13 for Brent. Stocks in Europe OPENED MIXED//  ONSHORE YUAN CLOSED DOWN // LAST AT 7.0458 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 7.0781 TRADE TALKS STALL//YUAN LEVELS GETTING DANGEROUSLY CLOSE TO 7:1//TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED  /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%














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