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USA IN CHAOS AS 22 CITIES BURN
by Harvey Organ, Harvey Organ Blog:
USA IN CHAOS AS 22 CITIES BURN//GOLD UP $1.30 TO $1737.40//SILVER UP ANOTHER 38 CENTS TO $18.26//WE HAVE ANOTHER 2 TONNES OF GOLD STANDING FOR DELIVERY AT THE COMEX I.E. 148 TONNES SO FAR STANDING THIS MONTH///CORONAVIRUS UPDATES//SWAMP STORIES FOR YOU TONIGHT
GOLD:$1737.40 UP $1.30 The quote is London spot price
Silver:18.26 UP 38 CENTS//LONDON SPOT PRICE
Closing access prices: London spot
i)Gold : $1731.00 LONDON SPOT 4:30 pm
ii)SILVER: $17.86//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
JUNE GOLD: $1750.40 CLOSE 1.30 PM// SPREAD SPOT (LONDON) VS/FUTURE JUNE: $13.00.//
CLOSING SILVER FUTURE MONTH
JULY: 1:30 PM: $1880//1:30 PM //SPREAD SPOT LONDON VS FUTURE JULY: 54 CENTS PER OZ//
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: 3389//7361// Goldman Sachs receiving: 1409
issued: 4384 JPM
DLV615-T CME CLEARING
BUSINESS DATE: 05/29/2020 DAILY DELIVERY NOTICES RUN DATE: 05/29/2020
PRODUCT GROUP: METALS RUN TIME: 21:45:33
EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,736.900000000 USD
INTENT DATE: 05/29/2020 DELIVERY DATE: 06/02/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 40
072 H GOLDMAN 1369
099 H DB AG 176
104 C MIZUHO 50 24
118 H MACQUARIE FUT 282
132 C SG AMERICAS 34 32
135 H RAND 4
152 C DORMAN TRADING 8
167 C MAREX 11
190 H BMO CAPITAL 33
323 H HSBC 36
355 C CREDIT SUISSE 35
357 C WEDBUSH 15
365 C ED&F MAN CAPITA 2
624 C BOFA SECURITIES 156
657 C MORGAN STANLEY 7 383
657 H MORGAN STANLEY 900
661 C JP MORGAN 4384 3289
661 H JP MORGAN 100
685 C RJ OBRIEN 70 21
686 C INTL FCSTONE 60 49
690 C ABN AMRO 51 233
732 C RBC CAP MARKETS 35
737 C ADVANTAGE 8 18
800 C MAREX SPEC 137 70
845 C GOLDMAN SACHS C 1
878 C PHILLIP CAPITAL 4 2
880 C CITIGROUP 12
880 H CITIGROUP 2541
905 C ADM 12 28
____________________________________________________________________________________________
TOTAL: 7,361 7,361
MONTH TO DATE: 35,736
NUMBER OF NOTICES FILED TODAY FOR MAY CONTRACT: 7361 NOTICE(S) FOR 736,100 OZ (22.895 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 35,736 NOTICES FOR 35,73600 OZ (111.15 TONNES)
FOR JUNE
115 NOTICE(S) FILED TODAY FOR 575,000 OZ/
total number of notices filed so far this month: 377 for 1,855,000 oz
BITCOIN MORNING QUOTE $9519 UP $70
BITCOIN AFTERNOON QUOTE.: $9587 UP $138
GLD AND SLV INVENTORIES:
WITH GOLD UP $1.30 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 4.06 TONNES OF GOLD INTO THE GLD//
GLD: 1,123.14 TONNES OF GOLD//
WITH SILVER UP 38 CENTS TODAY: AND WITH NO SILVER AROUND
A HUGE CHANGE IN SILVER INVENTORY AT THE SLV//
A DEPOSIT OF 3.56 MILLION OZ INTO THE SLV//
RESTING SLV INVENTORY TONIGHT:
SLV: 466.629 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 EXTREMELY STRONG SIZED 3307 CONTRACTS FROM 159,031 UP TO 166,452 AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED GAIN IN OI OCCURRED WITH OUR VERY STRONG 52 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 GOOD EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING A HUGE INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE. WE HAD A NET GAIN IN OUR TWO EXCHANGES OF 4477 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 STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: MAY: 0 AND JULY: 102 AND DEC 1022 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1143 CONTRACTS. WITH THE TRANSFER OF 1143 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 1143 EFP CONTRACTS TRANSLATES INTO 5.715 MILLION OZ ACCOMPANYING:
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