by Harvey Organ, Harvey Organ Blog:
LONDON SPOT GOLD UP $24.00 TO $1643.40//LONDON SPOT SILVER; DOWN 11 CENT//COMEX TOTALLY BROKEN//EXCHANGE FOR PHYSICAL FEES ESCALATE DUE TO LACK OF SUPPLY//S TO $16.43//MARCH GOLD COMEX CLOSE: $1660.00//SILVER: $14.81//LIBOR INCREASES DRAMATICALLY INDICATING A MAJOR BANK HAS DEFAULTED: UBS? BIS?// CORONAVIRUS UPDATE THROUGHOUT THE GLOBE//IN USA 3.3 MILLION AMERICANS FILE FOR UNEMPLOYMENT INSURANCE//THE FALLEN ANGELS SAGA BEGINS AS FORD ENTERS JUNK STATUS WITH MANY MORE TO FOLLOW
GOLD::$1643.40 UP $24.00 The quote is London spot price
Silver:$14.43//DOWN $0.11 London spot price
Closing access prices: London spot
Gold : $1630.00 LONDON SPOT
SILVER: $14.36//LONDON SPOT
March comex gold price CLOSE: $1660.50
SILVER MARCH COMEX CLOSE: $14.81
the gold market continues to be broken as future prices are much higher than spot prices. The comex is desperate to fix things but they have no available gold.
If one is to buy gold and or gold coins, the price is around $1800. usa per oz
and silver; $26.00 per oz//
I would like to clear up some confusion on a Kitco article written yesterday. They quoted that “Exchange for physicals in the gold market witnessed premiums that rose from their normal level of two dollars to today’s 40 dollars.
Let me explain what they mean:
As I highlight daily, the crooked comex allows longs to exchange their comex contract for an EFP which is basically a London based forward. The long holder receives a fiat bonus for entering this transaction.
Once this is done, the long holder then sends his long forward to London and enters into what is called a “SERIAL FORWARD”. Normally forwards are for one month or longer but with these exchange for physicals, they enter a 13 day forward rotation. Why 13 days? so they will not come until the scrutiny of the OCC. The OCC regulators get involved on 14 days or greater. You can imagine the risk to the banks as over 22,000 tonnes of gold forwards have been issued in the past 3 years.
Consider the Serial Forward as a Monopoly Board. Once you pass “GO” you collect $2.00 per oz of gold. Thus a 100 oz forward commands a fee of 200.00 USA not to tender for bullion. However due to the shortage of metal longs want more money and now the fee is 40.00 dollars per oz or 4,000 dollars per 100 oz of gold. You can imagine the huge increase risks for the banks that have to pay this out to prevent longs from cashing into gold
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 3/387
EXCHANGE: COMEX
CONTRACT: MARCH 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,632.300000000 USD
INTENT DATE: 03/25/2020 DELIVERY DATE: 03/27/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
152 C DORMAN TRADING 5
357 C WEDBUSH 4
435 H SCOTIA CAPITAL 178
657 C MORGAN STANLEY 25
661 C JP MORGAN 334 3
690 C ABN AMRO 15 29
737 C ADVANTAGE 38 119
905 C ADM 24
____________________________________________________________________________________________
TOTAL: 387 387
MONTH TO DATE: 2,911
TOTAL NUMBER OF NOTICES FILED SO FAR: 2911 NOTICES FOR 291,100 OZ (9.0544 TONNES)
FOR MARCH
total number of notices filed so far this month: 4493 for 22,465,000 oz
BITCOIN MORNING QUOTE $6636 DOWN $51
BITCOIN AFTERNOON QUOTE.: $6675 DOWN 1
GLD AND SLV INVENTORIES:
WITH GOLD UP $24.00: WITH NO PHYSICAL TO BE FOUND ANYWHERE:
WE HAD A STRONG DEPOSIT OF 13.17 TONNES
GLD: 949.15 TONNES OF GOLD//
WITH SILVER DOWN 11 CENTS TODAY:
NO CHANGE IN SILVER INVENTORY
RESTING SLV INVENTORY TONIGHT:
SLV: 385.387 MILLION OZ./
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IN SILVER THE COMEX OI FELL BY A CONSIDERABLE SIZED 4664 CONTRACTS FROM 150,700 DOWN TO 146,036 AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN OI OCCURRED DESPITE OUR HUGE 44 CENT GAIN IN SILVER PRICING AT THE COMEX. WE MAY HAVE HAD SOME LONG LIQUIDATION BUT THAT DOES NOT MAKE MUCH SENSE. IT SEEMS THAT MOST OF THE LOSS IN OI IS DUE TO BANKER SHORT COVERING PLUS AN ATMOSPHERIC EXCHANGE FOR PHYSICAL ISSUANCE AND A STRONG INCREASE IN AMOUNT STANDING AT THE COMEX. WE HAD A GOOD NET GAIN IN OUR TWO EXCHANGES OF 990 CONTRACTS (SEE CALCULATIONS BELOW)
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 HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,
; MARCH: 00 AND MAY: 4365 AND JULY: 0 ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 4365 CONTRACTS. WITH THE TRANSFER OF 4365 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 4365 EFP CONTRACTS TRANSLATES INTO 21.825 MILLION OZ ACCOMPANYING:
1.THE 44 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
22.510 MILLION OZ INITIALLY STANDING FOR MAR
WEDNESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE 44 CENTS).. AND, OUR OFFICIAL SECTOR/BANKERS MAY HAVE BEEN SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS FROM THEIR POSITIONS. AS WE DID HAVE A SMALL NET LOSS OF 299 CONTRACTS OR 1.495 MILLION OZ ON THE TWO EXCHANGES! HOWEVER YOU CAN BET THE FARM THAT THE MAJORITY OF THE LOSS OF OI WAS DUE TO BANKER SHORT COVERING WHICH HAS BEEN GOING ON FOR THE PAST SEVERAL DAYS.
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF MARCH:
84,923 CONTRACTS (FOR 19 TRADING DAYS TOTAL 84,923 CONTRACTS) OR 424.615 MILLION OZ: (AVERAGE PER DAY: 4469 CONTRACTS OR 22.34 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF MAR: 424.62 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 57.53% 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: 865.83 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….. 424.62 MILLION OZ (19 TRADING DAYS AND ALREADY HUGELY SURPASSES FEB AND JAN MONTHLY TOTALS)
RESULT: WE HAD A CONSIDERABLE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4664, DESPITE THE VERY STRONG $0.44 GAIN IN SILVER PRICING AT THE COMEX /TUESDAY… THE CME NOTIFIED US THAT WE HAD A HUMONGOUS SIZED EFP ISSUANCE OF 4365 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 TINY : 299 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: (DESPITE THE 44 CENT GAIN IN PRICE)
THE TALLY//EXCHANGE FOR PHYSICALS
i.e 4365 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH DECREASE OF 4664 OI COMEX CONTRACTS.AND ALL OF THIS DEMAND HAPPENED WITH A 44 CENT GAIN IN PRICE OF SILVER/ AND A CLOSING PRICE OF $14.55 // WEDNESDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY AS WELL AS A HUGE INCREASE IN QUEUE JUMPING!!
In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. 0.730 BILLION OZ TO BE EXACT or 104% of annual global silver production (ex Russia & ex China).
FOR THE NEW MAR DELIVERY MONTH/ THEY FILED AT THE COMEX: 153 NOTICE(S) FOR 765,000 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:
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 A CONSIDERABLE 4872 CONTRACTS TO 542,462 AND FURTHER FROM OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE LOSS OF COMEX OI OCCURRED WITH OUR CONSIDERABLE FALL IN THE PAPER PRICE OF $11.40 /// COMEX GOLD TRADING// WEDNESDAY// WE HAD CONSIDERABLE BANKER SHORT COVERING ALONG WITH ZERO LONG LIQUIDATION ACCOMPANYING AN ATMOSPHERIC EX. FOR PHYSICAL ISSUED AND YET THIS WAS COUPLED WITH THAT FALL IN THE PAPER PRICE OF GOLD. ON THE TWO EXCHANGES. ALL OF THE COMEX LOSS WAS DUE TO A SMALL LIQUIDATION OF OUR SPREADERS ARRIVING RIGHT ON QUEUE..ONE WEEK BEFORE APRIL EXPIRY. PLUS CONSIDERABLE BANKER SHORT COVERING AND A HUGE INCREASE IN GOLD OZ STANDING AT THE COMEX , WE GAINED A VERY STRONG 5100 CONTRACTS (15.57 TONNES)
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUMONGOUS AND CRIMINALLY SIZED 9972 CONTRACTS:
CONTRACTS, FEB> 0 CONTRACTS; MARCH 00 APRIL: 8667. MAY: 0, AND JUNE 1305.; DEC 0 AND ALL OTHER MONTHS ZERO//TOTAL: 9972. The NEW COMEX OI for the gold complex rests at 542,462. 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 INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5100 CONTRACTS: 4,664 CONTRACTS DECREASED AT THE COMEX AND 9972 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 5100 CONTRACTS OR 15.87 TONNES. WEDNESDAY, WE HAD A CONSIDERABLE PAPER FALL OF $11.40 IN GOLD TRADING……
AND WITH THAT CONSIDERABLE FALL IN PRICE, SURPRISINGLY WE STILL HAD A STRONG SIZED GAIN IN TOTAL/TWO EXCHANGES GOLD TONNAGE OF 15.87 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 $11.40). AND IT SEEMS THAT THEIR ATTEMPT TO FLEECE ANY GOLD LONGS FROM THE GOLD ARENA WERE UNSUCCESSFUL AS THE ENTIRE LOSS AT THE COMEX WAS DUE TO TINY SPREADER LIQUIDATION, COUPLED WITH A HUGE BANKER SHORT COVERING AND A VERY STRONG INCREASE IN GOLD OZ STANDING AT THE COMEX.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:
WE HAD A STRONG INCREASE IN EXCHANGE FOR PHYSICALS (9972) ACCOMPANYING THE CONSIDERABLE LOSS IN COMEX OI.(4872 OI): TOTAL GAIN IN THE TWO EXCHANGES: 5100 CONTRACTS. WE NO DOUBT HAD 1 )HUGE BANKER SHORT COVERING, 2.)STRONG INCREASE IN GOLD OZ STANDING AT THE COMEX, 3) NO LONG LIQUIDATION AND 4/ SMALL SPREADER LIQUIDATION///…..COUPLED WITH THAT CONSIDERABLE PAPER LOSS IN GOLD PRICE TRADING//WEDNESDAY
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.”
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MAR : 318,977 CONTRACTS OR 31,897,700 oz OR 992.15* TONNES (19 TRADING DAYS AND THUS AVERAGING: 16,788 EFP CONTRACTS PER TRADING DAY (*NEW ALL TIME RECORD FOR A MONTHLY EX. FOR PHYSICAL ISSUANCE)
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 19 TRADING DAY(S) IN TONNES: 992.15 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2019, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 992.15/3550 x 100% TONNES =27.94% OF GLOBAL ANNUAL PRODUCTION
ISSUANCE OF EXCHANGE FOR PHYSICAL GOLD HAS EXPLODED THIS MONTH.
ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE: 2216.12 TONNES
JANUARY 2220 TOTAL EFP ISSUANCE; : 570.19 TONNES
FEB 2020 TOTAL EFP ISSUANCE : 653.78 TONNES
MARCH TOTAL EFP ISSUANCE SO FAR 992.15 TONNES (//(*19 TRADING DAYS//AND A NEW ALL TIME RECORD ISSUANCE)
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.
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 4664 CONTRACTS FROM 151,301 DOWN TO 146,036 AND FURTHER 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 1) BANKER SHORT COVERING , 2) THE ISSUANCE OF AN ATMOSPHERIC NUMBER OF EXCHANGE FOR PHYSICALS (SEE BELOW), 3) A HUGE INCREASE IN SILVER OZ STANDING AT THE COMEX WITH ZERO AMOUNT OF LONG LIQUIDATION
EFP ISSUANCE 4365
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: 4365; JULY: 00 CONTRACTS AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 4365 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 4664 CONTRACTS TO THE 4365 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A VERY A TINY LOSS OF 299 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 1.495 MILLION OZ!!! AND 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: 22.510 MILLION OZ
RESULT: A HUGE SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE 44 CENT GAIN IN PRICING THAT SILVER UNDERTOOK IN PRICING// WEDNESDAY. WE ALSO HAD AN ATMOSPHERIC SIZED 4365 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
I)THURSDAY MORNING/ WEDNESDAY NIGHT:
SHANGHAI CLOSED DOWN 16.68 POINTS OR 0.60% //Hang Sang CLOSED DOWN 174.85 POINTS OR 0.74% /The Nikkei closed DOWN 822.03 POINTS OR 4.51%//Australia’s all ordinaires CLOSED UP 2.58%
/Chinese yuan (ONSHORE) closed DOWN at 7.0748 /Oil UP TO 23.74 dollars per barrel for WTI and 27.21 for Brent. Stocks in Europe OPENED RED// ONSHORE YUAN CLOSED DOWN // LAST AT 7.0748 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 7.0945 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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