by Harvey Organ, Harvey Organ Blog:
GOLD REBOUNDS 27.00 DOLLARS UP TO $1595.30//SILVER UP 18 CENTS TO $16.77//MASSIVE 23,000 GOLD ISSUANCE OF EXCHANGE FOR PHYSICALS IN AN OBVIOUS FRAUD/HUGE GAIN ON THE DOW OF 1200 POINTS DUE TO PROBABLE RATE CUT//CORONAVIRUS STORIES//SWAMP STORIES
GOLD:$1594.30 UP $27.00 (COMEX TO COMEX CLOSING
Silver:$16.77 UP 28 CENTS. (COMEX TO COMEX CLOSING)
Closing access prices:
COMEX DATA
ACCESS MARKETS
Gold : 1590.00
SILVER: 17.72
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 20/186
we are coming very close to a commercial failure!!
NUMBER OF NOTICES FILED TODAY FOR MAR CONTRACT: 186 NOTICE(S) FOR 18,600 OZ (0.5785 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: NOTICES FOR 82200 OZ (2.5567 TONNES)
FOR MARCH
108 NOTICE(S) FILED TODAY FOR 540,000 OZ/
total number of notices filed so far this month: 3131 for 15,655,000 oz
BITCOIN MORNING QUOTE 8481 DOWN 330 dollars
BITCOIN AFTERNOON QUOTE.: 8872 UP 346 dollar
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Let us have a look at the data for today
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IN SILVER THE COMEX OI FELL BY AN ATMOSPHERIC SIZED 17,487 CONTRACTS FROM 226,995 DOWN TO 200,883 MOVING AWAY FROM OUR NEW RECORD OF 744,710, (FEB 25/2020. THE LOSS IN OI OCCURRED WITH OUR HUGE 122 CENT LOSS IN SILVER PRICING AT THE COMEX. A GOOD PERCENTAGE OF THE COMEX LOSS WAS DUE TO THE FINAL DAY OF LIQUIDATION OF THE SPREADERS..AND AN ATMOSPHERIC SIZED ISSUANCE OF EXCHANGE OF PHYSICALS.
ISSUANCE OF EXCHANGE FOR PHYSICALS:
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 AN ATMOSPHERIC SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,
; MARCH: 00 AND MAY: 11,640 AND JULY: 0 ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 11,640 CONTRACTS. WITH THE TRANSFER OF 11,640 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 11,640 EFP CONTRACTS TRANSLATES INTO 58.20 MILLION OZ ACCOMPANYING:
1.THE 122 CENT FALL 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 STANDING FOR JULY
10.025 MILLION OZ INITIAL STANDING IN AUGUST.
43.030 MILLION OZ INITIALLY STANDING IN SEPT. (HUGE)
7.32 MILLION OZ INITIALLY STANDING IN OCT
2.630 MILLION OZ STANDING FOR NOV.
20.970 MILLION OZ FINAL STANDING IN DEC
5.075 MILLION OZ FINAL STANDING IN JAN
1.480 MILLION OZ FINAL STANDING IN FEB
20.635 MILLION OZ INITIALLY STANDING FOR MAR
FRIDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL 122 CENTS).. AND, OUR OFFICIAL SECTOR/BANKERS WERE PROBABLY SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS. HOWEVER THE MAJORITY OF THE COMEX LOSS IN OI WAS DUE TO THE FINAL DAY OF SPREADER LIQUIDATION AND MOVEMENT OF LONGS TO LONDON AS FORWARDS. (11,640 CONTRACTS). WE THUS HAD ON BOTH EXCHANGES A STRONG SIZED LOSS OF 5847 CONTRACTS. OR 29.235 MILLION OZ…..
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF FEB:
51,920 CONTRACTS (FOR 20 TRADING DAYS TOTAL 51,920 CONTRACTS) OR 259.600 MILLION OZ: (AVERAGE PER DAY: 2596 CONTRACTS OR 12.98 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF FEB: 259.600 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 28.77% 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 2020 TO DATE SILVER EFP’S: 441.21 MILLION OZ.
JANUARY 2020 EFP TOTALS SO FAR: 181.61 MILLION OZ
FEB 2020 EFP’S TOTAL SO FAR: …… 259.600 MILLION OZ
RESULT: WE HAD AN ATMOSPHERIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 17,487, WITH THE 122 CENT FALL IN SILVER PRICING AT THE COMEX /THURSDAY… THE CME NOTIFIED US THAT WE HAD A HUMONGOUS SIZED EFP ISSUANCE OF 11,640 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
TODAY WE LOST A STRONG SIZED SIZED: 5847 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: (WITH THE 122 CENT FALL IN PRICE)//HOWEVER MOST OF THE COMEX LOSS WAS DUE OF LIQUIDATION OF THE SPREADERS AND THE MOVEMENT OF LONGS OVER TO LONDON
THE TALLY:
i.e 11,640 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH DECREASE OF 17,487 OI COMEX CONTRACTS.AND ALL OF THIS DEMAND HAPPENED WITH A 122 CENT LOSS IN PRICE OF SILVER/ AND A CLOSING PRICE OF $16.49 // 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. 1.004 BILLION OZ TO BE EXACT or 143% of annual global silver production (ex Russia & ex China).
FOR THE NEW FEB DELIVERY MONTH/ THEY FILED AT THE COMEX: 108 NOTICE(S) FOR 540,,000 OZ OF SILVER.
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.70//TODAY’S RECORD OF 244,705 IS SET WITH A PRICE OF: 18.91 (FEB 25/2020)
.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
- 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 10.025 MILLION OZ/ SEPT 43.030 MILLION OZ//OCT: 7.665 MILLION OZ// NOV: 2.630 MILLION OZ//DEC: 20.970 MILLION OZ; JAN: 5.075 MILLION OZ.//FEB 1.480 MILLION OZ//MAR:20.630 MILLION OZ
- THE RECORD PRIOR TO TODAY WAS SET IN FEB 25/2018: 244,710 CONTRACTS, WITH A SILVER PRICE OF $18.90//.
- HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017 RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLION OZ/ 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)
GOLD
IN GOLD, THE COMEX OPEN INTEREST FELL BY AN ATMOSPHERIC SIZED 23,917 CONTRACTS TO 698,203 AND MOVING FURTHER FROM OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE ATMOSPHERIC LOSS IN COMEX OI OCCURRED WITH OUR HUGE FALL OF $73.20 IN PRICING /// COMEX GOLD TRADING// FRIDAY// WE, MOST LIKELY HAD NO BANKER SHORT COVERING AND NO LONG LIQUIDATION DESPITE THAT FALL IN PRICE. TOGETHER WITH THE VERY STRONG ISSUANCE OF EFP’S (SEE BELOW) OUR BANKER FRIENDS COULD NOT FLEECE ANY APPRECIABLE LONGS FROM OUR TWO GOLD ARENAS. . AS WE HAD A SLIGHT LOSS OF 609 CONTRACTS ON OUR 2 EXCHANGES.!!
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED AN ATMOSPHERIC AND CRIMINALLY SIZED 23,305 CONTRACTS:
CONTRACTS, FEB> 0 CONTRACTS; MARCH 00 APRIL: 23,305; JUNE. 0 AND ALL OTHER MONTHS ZERO//TOTAL: 723,305. The NEW COMEX OI for the gold complex rests at 698,203 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 SLIGHT LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 609 CONTRACTS: 23,917 CONTRACTS DECREASED AT THE COMEX AND 23,305 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS OF 609 CONTRACTS OR 60,900 OZ OR 1.894 TONNES. FRIDAY, WE HAD A LOSS OF $73.20 IN GOLD TRADING……
AND DESPITE THAT GIGANTIC LOSS IN PRICE, WE STILL HAD A SLIGHT LOSS IN GOLD TONNAGE OF 1.894 TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON. THE BANKERS WERE SUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD’S PRICE (LOSS $73.20). AND IT SEEMS THAT THEIR ATTEMPT TO FLEECE APPRECIABLE GOLD LONGS FROM THE GOLD ARENA FAILED AGAIN AS WE HAD A HUMONGOUS INCREASE IN EXCHANGE FOR PHYSICALS (23,305) ACCOMPANYING THE ATMOSPHERIC LOSS IN COMEX OI.(23,917 OI): TOTAL LOSS IN THE TWO EXCHANGES: 609 CONTRACTS. WE PROBABLY HAD NO BANKER SHORT COVERING AND NO APPRECIABLE LONG LIQUIDATION….. JUST A SLIGHT DECREASE IN TOTAL OI WITH THE HUGE INCREASE FROM EXCHANGE FOR PHYSICALS.
WE HAVE NOW COMMENCED IN GOLD THE ILLEGAL SPREADING OPERATION FOR NEWCOMERS, HERE ARE THE DETAILS:
SPREADING LIQUIDATION HAS NOW STOPPED IN GOLD AS THEY NOW BEGIN TO MORPH INTO SILVER AS WE HEAD TOWARDS THE NEW FRONT MONTH WILL BE APRIL.
FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:
THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR SILVER..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR GOLD. THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE
FOR THOSE OF YOU WHO ARE NEWCOMERS HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;
MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:
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AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:
“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO GOLD AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX SILVER 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 FEB HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF MARCH FOR SILVER:
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES, HERE IS THE BANKERS MODUS OPERANDI:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE IN THIS NON ACTIVE MONTH OF MAR.BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN GOLD WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (APRIL), 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 FEB : 210,191 CONTRACTS OR 21,019,100 oz OR 653.78 TONNES (20 TRADING DAYS AND THUS AVERAGING: 10,509 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 20 TRADING DAY(S) IN TONNES: 653.78 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 653.78/3550 x 100% TONNES =18.41% OF GLOBAL ANNUAL PRODUCTION
ISSUANCE OF EXCHANGE FOR PHYSICAL /GOLD HAS EXPLODED THIS MONTH.
ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE: 1223.97 TONNES
JANUARY 2220 TOTAL EFP ISSUANCE; SO FAR: 570.19 TONNES
FEB 2020 TOTAL EFP ISSUANCE SO FAR: 653.78 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: AN ATMOSPHERIC SIZED DECREASE IN OI AT THE COMEX OF 23,917 WITH THE HUGE PRICING LOSS THAT GOLD UNDERTOOK THURSDAY($73.20)) //.HOWEVER WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 23,305 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 23,305 EFP CONTRACTS ISSUED, WE HAD A SLIGHT SIZED LOSS OF 609 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
23,305 CONTRACTS MOVE TO LONDON AND 23,917 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE SLIGHT LOSS IN TOTAL OI EQUATES TO 609 TONNES). AND THIS INCREASE OF DEMAND OCCURRED DESPITE THE HUGE LOSS IN PRICE OF $73.20 WITH RESPECT TO FRIDAY’S TRADING/// AT THE COMEX.
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OUTLINE OF TOPICS TONIGHT
First, here is an outline of what will be discussed tonight:
1.Today, we had the open interest in SILVER FELL BY A HUGE SIZED 17,487 CONTRACTS FROM 226,995 DOWN TO 200,883 AND MOVING AWAY FROM OUR COMEX RECORD //244,710 (SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT 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 21.2017 OVER 2 3/4 YEARS AGO. THE PRICE OF SILVER ON THAT DAY: $17.89.
ALL OF THE LOSS IN COMEX OI WAS DUE TO THE CRIMINAL LIQUIDATION OF SPREADERS EXPLAINED ABOVE AND THE ISSUANCE OF HUGE NUMBER OF EXCHANGE FOR PHYSICALS.
(BELOW)
EFP ISSUANCE 11,640
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
FOR FEB. 0; FOR MAR 0: AND MAY: 11,640; JULY: 0 CONTRACTS AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 11,640 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE OI LOSS AT THE COMEX OF 17,487 CONTRACTS TO THE 11,640 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A STRONG LOSS OF 5847 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 29.235 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 AUGUST AT 10.025 MILLION OZ// SEPT: 43.030 MILLION OZ///OCT: 7.32 MILLION OZ//NOV 2.63 MILLION OZ//DEC: 20.970 MILLION OZ//JAN: 5.075 MILLION OZ//FEB: 1.480 MILLION OZ//MAR: 20.635 MILLION OZ
RESULT: A HUGE SIZED DECREASE IN SILVER OI AT THE COMEX WITH THE 122 CENT FALL IN PRICING THAT SILVER UNDERTOOK IN PRICING// FRIDAY. WE ALSO HAD A HUGE SIZED 11,640 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. THE ENTIRE LOSS OF COMEX OI WAS DUE TO SPREADER LIQUIDATION AND THAT HUGE ISSUANCE OF EX. FOR PHYSICALS.
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)THURSDAY MORNING/ WEDNESDAY NIGHT:
SHANGHAI CLOSED DOWN 30.52 POINTS OR 1.04% //Hang Sang CLOSED DOWN 131.51 POINTS OR 0.46% /The Nikkei closed DOWN 422.94 POINTS OR 1.97%//Australia’s all ordinaires CLOSED DOWN .42%
/Chinese yuan (ONSHORE) closed DOWN at 6.8807 /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 6.8807 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.8834 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%
Read More @ HarveyOrganBlog.com
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