Invex News

by Harvey Organ, Harvey Organ Blog:

GOLD HAS A STELLAR DAY UP $16.60 TO $1747.20//SILVER BREAKS OUT FROM ITS SHACKLES RISING 81 CENTS TO $16.64..AT THE GOLD COMEX CLOSE TO 28 TONNES OF GOLD STANDING (A RECORD) IN THIS NON ACTIVE MONTH//CORONAVIRUS UPDATES THROUGHOUT THE GLOBE//WAR OF WORDS WITH CHINA ESCALATE..THEN USA HALTS ALL SEMICONDUCTOR CHIPS TO HUAWEI//CHINA THEN THREATENDS THE USA WITH APPLE AND QUALCOMM//THEN USA THREATENS TO DELIST ALL CHINESE STOCKS FROM NYSE.//USA RETAIL SALES PLUMMET//USA INDUSTRIAL PRODUCTION PLUMMETS//MICHAEL FLYNN AND OTHER SWAMP STORIES FOR YOU TONIGHT

GOLD:$1747.20 UP $16.30 The quote is London spot price

Silver:$16.64 UP 81 CENTS (London spot closing price)

Closing access prices: London spot

i)Gold : $1744.00 LONDON SPOT 4:30 pm

ii)SILVER: $16.65//LONDON SPOT 4:30 pm

CLOSING FUTURES PRICES: KEY MONTHS

MAY COMEX GOLD: XXX

JUNE GOLD: $1756.20 CLOSE 1.30 PM// SPREAD SPOT (LONDON) VS/FUTURE JUNE: $9.00.//PREMIUMS WENT UP AGAIN

CLOSING SILVER FUTURE MONTH

SILVER JUNE COMEX CLOSE; $17.04…1:30 PM.//SPREAD SPOT/(LONDON) VS FUTURE JUNE: 40 CENTS PER OZ//PREMIUMS UP AGAIN//HUGE DIFFERENCE

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 $2800. usa per oz

and silver; $31.00 per oz//

LADIES AND GENTLEMEN: YOU ARE NOW WITNESSING FIRST HAND THE DIFFERENCE BETWEEN PAPER GOLD/SILVER AND THE REAL PHYSICAL STUFF!!

DO NOT PAY ANY ATTENTION TO WHAT THE CROOKS ARE DOING AT THE COMEX AND LONDON LBMA..PHYSICAL IS THE NAME OF THE GAME AND NOTHING ELSE

COMEX DATA

JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)

today RECEIVING: 133/920

issued: 864

EXCHANGE: COMEX
CONTRACT: MAY 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,738.100000000 USD
INTENT DATE: 05/14/2020 DELIVERY DATE: 05/18/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 5
118 H MACQUARIE FUT 153
132 C SG AMERICAS 8
167 C MAREX 33
323 H HSBC 8
355 C CREDIT SUISSE 1
624 C BOFA SECURITIES 1
657 C MORGAN STANLEY 22
661 C JP MORGAN 864 133
685 C RJ OBRIEN 1
686 C INTL FCSTONE 46
690 C ABN AMRO 10 432
732 C RBC CAP MARKETS 1
737 C ADVANTAGE 8 56
800 C MAREX SPEC 4 26
905 C ADM 1 27
____________________________________________________________________________________________

TOTAL: 920 920
MONTH TO DATE: 8,820

NUMBER OF NOTICES FILED TODAY FOR MAY CONTRACT: 920 NOTICE(S) FOR 92,000 OZ (2.8615 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR: 8820 NOTICES FOR 882000 OZ (27.433 TONNES)

FOR MAY

29 NOTICE(S) FILED TODAY FOR 145,000 OZ/

total number of notices filed so far this month: 8738 for 43,690,000 oz

BITCOIN MORNING QUOTE $9623 DOWN 172

BITCOIN AFTERNOON QUOTE.: $9396 DOWN 401

GLD AND SLV INVENTORIES:

WITH GOLD UP $16.30 AND NO PHYSICAL TO BE FOUND ANYWHERE:

WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL”?

A HUGE CHANGE IN GOLD INVENTORY AT THE GLD// A PAPER DEPOSIT OF 12.58 TONNES INTO THE GLD//

GLD: 1,104.72 TONNES OF GOLD//

WITH SILVER UP 81 CENTS TODAY: AND WITH NO SILVER AROUND

NO CHANGES IN SILVER INVENTORY AT THE SLV//

RESTING SLV INVENTORY TONIGHT:

SLV: 423.658 MILLION 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 HUGE SIZED 4716 CONTRACTS FROM 136,495 UP TO 141,211 AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE FAIR SIZED GAIN IN OI OCCURRED WITH OUR 33 CENT GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS DUE TO STRONG BANKER SHORT COVERING PLUS A SMALL EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING A GOOD INCREASE IN SILVER OZ STANDING AT THE COMEX FOR MAY. WE HAD A NET GAIN IN OUR TWO EXCHANGES OF 5486 CONTRACTS (SEE CALCULATIONS BELOW).

WE HAVE ALSO WITNESSED A HUMONGOUS 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 SMALL SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: MARCH: 00 AND MAY: 0 AND JULY: 680 AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 110 CONTRACTS. WITH THE TRANSFER OF 680 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 680 EFP CONTRACTS TRANSLATES INTO 3.40 MILLION OZ ACCOMPANYING: