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BANKERS RAID AND IT FAILS MISERABLY
by Harvey Organ, Harvey Organ Blog:
GOLD UP $6.25 TO $1673.50//SILVER DOWN 10 CENTS/BANKERS RAID AND IT FAILS MISERABLY
GOLD:$1673.50 UP $ 6.25 (COMEX TO COMEX CLOSING
Silver:$17.29 DOWN 10 CENTS. (COMEX TO COMEX CLOSING)
Closing access prices:
COMEX DATA
ACCESS MARKETS
Gold : 1674.70
SILVER: 17.31
the comex data is complete tonight
as well as currency/stock markets etc
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 40/70
DLV615-T CME CLEARING
BUSINESS DATE: 03/05/2020 DAILY DELIVERY NOTICES RUN DATE: 03/05/2020
PRODUCT GROUP: METALS RUN TIME: 20:58:24
EXCHANGE: COMEX
CONTRACT: MARCH 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,666.400000000 USD
INTENT DATE: 03/05/2020 DELIVERY DATE: 03/09/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
435 H SCOTIA CAPITAL 4
657 C MORGAN STANLEY 2 10
661 C JP MORGAN 25 40
737 C ADVANTAGE 43 8
905 C ADM 8
____________________________________________________________________________________________
TOTAL: 70 70
MONTH TO DATE: 1,466
NUMBER OF NOTICES FILED TODAY FOR MAR CONTRACT: 70 NOTICE(S) FOR 70,000 OZ (0.2171 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 1466 NOTICES FOR 146,600 OZ (4.5598TONNES)
FOR MARCH
2 NOTICE(S) FILED TODAY FOR 10,000 OZ/
total number of notices filed so far this month: 3334 for 16,670,000 oz
BITCOIN MORNING QUOTE 8816 up 82 dollars
BITCOIN AFTERNOON QUOTE.: 9104 UP 356 dollar
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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 STRONG SIZED 2172 CONTRACTS FROM 195,198 UP TO 197,320 AND CLOSER TO OUR NEW RECORD OF 744,710, (FEB 25/2020. THE GAIN IN OI OCCURRED DESPITE OUR 15 CENT GAIN IN SILVER PRICING AT THE COMEX. WE HAD NO LONG LIQUIDATION JUST A MASSIVE SHORT COVERING PLUS A HUGE EXCHANGE FOR PHYSICAL ISSUANCE
ISSUANCE OF EXCHANGE FOR 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: 600 AND JULY: 0 ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 600 CONTRACTS. WITH THE TRANSFER OF 600 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 600 EFP CONTRACTS TRANSLATES INTO 3.00 MILLION OZ ACCOMPANYING:
1.THE 15 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 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
20.430 MILLION OZ INITIALLY STANDING FOR MAR
THURSDAY, 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 ROSE 15 CENTS).. AND, OUR OFFICIAL SECTOR/BANKERS WERE PROBABLY UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS. AS WE DID HAVE A NET GAIN OF 2772 CONTRACTS OR 13.61 MILLION OZ ON THE TWO EXCHANGES!
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF MARCH:
9168 CONTRACTS (FOR 4 TRADING DAYS TOTAL 9168 CONTRACTS) OR 45.84 MILLION OZ: (AVERAGE PER DAY: 2292 CONTRACTS OR 14.28 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF MAR: 45.84 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 5.92% 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: 487.05 MILLION OZ.
JANUARY 2020 EFP TOTALS SO FAR: 181.61 MILLION OZ
FEB 2020 EFP’S TOTAL : …… 259.600 MILLION OZ
MARCH EFP’S SO FAR….. 45.84 MILLION OZ
RESULT: WE HAD AN STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2172, WITH THE 15 CENT GAIN IN SILVER PRICING AT THE COMEX /THURSDAY… THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE OF 600 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 GAINED A STRONG SIZED : 2772 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: (WITH THE 15 CENT RISE IN PRICE)//
THE TALLY//EXCHANGE FOR PHYSICALS
i.e 600 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH INCREASE OF 2172 OI COMEX CONTRACTS.AND ALL OF THIS DEMAND HAPPENED WITH A 15 CENT GAIN IN PRICE OF SILVER/ AND A CLOSING PRICE OF $17.47 // THURSDAY’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 UNDER 1 BILLION oz i.e. 0.987 BILLION OZ TO BE EXACT or 141% of annual global silver production (ex Russia & ex China).
FOR THE NEW MAR DELIVERY MONTH/ THEY FILED AT THE COMEX: 2 NOTICE(S) FOR 10,000 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:20.430 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 ROSE BY STRONG SIZED 11,405 CONTRACTS TO 688,681 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 STRONG GAIN OF COMEX OI OCCURRED WITH OUR OUR STRONG GAIN OF $25.50 /// COMEX GOLD TRADING// THURSDAY// WE, MOST LIKELY HAD CONSIDERABLE BANKER SHORT COVERING AND PROBABLY ZERO LONG LIQUIDATION WITH THAT HUGE RISE IN PRICE. ON THE TWO EXCHANGES WE GAINED 32,421 CONTRACTS (100.84 TONNES)
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUMONGOUS AND CRIMINALLY SIZED 11,236 CONTRACTS:
CONTRACTS, FEB> 0 CONTRACTS; MARCH 00 APRIL: 21,016 JUNE. 0 AND ALL OTHER MONTHS ZERO//TOTAL: 21,016. The NEW COMEX OI for the gold complex rests at 688,681 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 INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 32,421 CONTRACTS: 11,405 CONTRACTS INCREASED AT THE COMEX AND 21,016 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 32,421 CONTRACTS OR 100.84 TONNES. THURSDAY, WE HAD A HUGE GAIN OF $25.50 IN GOLD TRADING……
AND WITH THAT HUGE GAIN IN PRICE, WE STILL HAD AN ATMOSPHERIC SIZED GAIN IN TOTAL/TWO EXCHANGES GOLD TONNAGE OF 100.84 TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON. THE BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD’S PRICE (GAIN $25.50). AND IT SEEMS THAT THEIR ATTEMPT TO FLEECE APPRECIABLE GOLD LONGS FROM THE GOLD ARENA WERE UNSUCCESSFUL AS WE HAD A HUGE GAIN IN OUR TWO EXCHANGES
WE HAD A HUMONGOUS INCREASE IN EXCHANGE FOR PHYSICALS (21,016) ACCOMPANYING THE STRONG GAIN IN COMEX OI.(11,405 OI): TOTAL GAIN IN THE TWO EXCHANGES: 32,421 CONTRACTS. WE PROBABLY HAD HUGE BANKER SHORT COVERING AND ZERO LONG LIQUIDATION…..
SPREADING OPERATION FOR OUR NEWCOMERS:
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:
.
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 MAR : 59,823 CONTRACTS OR 5,982,300 oz OR 186.07 TONNES (4 TRADING DAYS AND THUS AVERAGING: 14,956 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 4 TRADING DAY(S) IN TONNES: 186.07 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 186.07/3550 x 100% TONNES =5.24% OF GLOBAL ANNUAL PRODUCTION
ISSUANCE OF EXCHANGE FOR PHYSICAL /GOLD HAS EXPLODED THIS MONTH.
ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE: 1410.04 TONNES
JANUARY 2220 TOTAL EFP ISSUANCE; : 570.19 TONNES
FEB 2020 TOTAL EFP ISSUANCE : 653.78 TONNES
MARCH TOTAL EFP ISSUANCE SO FAR 186.07 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 HUGE SIZED INCREASE IN OI AT THE COMEX OF 11,405 WITH THE HUGE GAIN THAT GOLD UNDERTOOK THURSDAY($25.50)) //.HOWEVER WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 11,405 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 21,016 EFP CONTRACTS ISSUED, WE HAD A HUGE SIZED GAIN OF 32,421 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
21,016 CONTRACTS MOVE TO LONDON AND 11,405 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE HUGE GAIN IN TOTAL OI EQUATES TO 100.86 TONNES). AND THIS INCREASE OF DEMAND OCCURRED WITH THE HUGE GAIN IN PRICE OF $25.50 WITH RESPECT TO THURSDAY’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 ROSE BY A STRONG SIZED 2172 CONTRACTS FROM 195,198 UP TO 197,320 AND CLOSER TO 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 GAIN IN COMEX OI WAS DUE TO BANKER SHORT COVERING EXPLAINED ABOVE AND THE ISSUANCE OF HUGE NUMBER OF EXCHANGE FOR PHYSICALS.
(BELOW)
EFP ISSUANCE 600
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: 600; JULY: 0 CONTRACTS AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 600 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 2172 CONTRACTS TO THE 600 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A VERY STRONG GAIN OF 2772 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 13.61MILLION 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: 20.430 MILLION OZ
RESULT: A LARGE SIZED INCREASE IN SILVER OI AT THE COMEX WITH THE 15 CENT RISE IN PRICING THAT SILVER UNDERTOOK IN PRICING// WEDNESDAY. WE ALSO HAD A GOOD SIZED 600 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%
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