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CHINA IS DEVIATING FROM BUYING SOYBEANS FROM THE USA…BUYING THE STUFF FROM BRAZIL ET AL
by Harvey Organ, Harvey Organ Blog:
DOW DOWN 1861 PTS (6.90%//NASDAQ DOWN 527 POINTS(5.27%)//GOLD UP $16.80 TO $1731.60//SILVER UP 6 CENTS AS THE BANKERS KEEP THEIR FOOT ON THE THROAT OF OUR PRECIOUS METALS//CORONAVIRUS UPDATES//CHINA IS DEVIATING FROM BUYING SOYBEANS FROM THE USA…BUYING THE STUFF FROM BRAZIL ET AL// JOBLESS CLAIMS IN THE USA REMAINS CONSTANT AT 1.54 MILLION SOULS//MAJOR STORIES ON THE “MOB”//SWAMP STORIES FOR YOU TONIGHT
GOLD:$1731.60 UP $16.80 The quote is London spot price
Silver:$17.74 UP 6 CENTS//LONDON SPOT PRICE
Closing access prices: London spot
i)Gold : $1725.50 LONDON SPOT 4:30 pm
ii)SILVER: $17.65//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUG GOLD: $1741.10 CLOSE 1.30 PM// SPREAD SPOT (LONDON) VS/FUTURE JUNE: $+ 9.50
CLOSING SILVER FUTURE MONTH
JULY: 1:30 PM: $17.90//1:30 PM //SPREAD SPOT LONDON VS FUTURE JULY: 16 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: 912/1323
issued 23
EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,713.300000000 USD
INTENT DATE: 06/10/2020 DELIVERY DATE: 06/12/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 18
072 H GOLDMAN 105
104 C MIZUHO 1
118 H MACQUARIE FUT 23
132 C SG AMERICAS 3
159 C ED&F MAN CAP 1
167 C MAREX 1
190 H BMO CAPITAL 11
323 H HSBC 3
355 C CREDIT SUISSE 11
357 C WEDBUSH 28
555 C BNP PARIBAS SEC 1
555 H BNP PARIBAS SEC 1054
624 C BOFA SECURITIES 28
657 C MORGAN STANLEY 75
657 H MORGAN STANLEY 51
661 C JP MORGAN 23 839
661 H JP MORGAN 73
685 C RJ OBRIEN 1 1
686 C INTL FCSTONE 1
690 C ABN AMRO 28
732 C RBC CAP MARKETS 2
737 C ADVANTAGE 2 14
DLV615-T CME CLEARING
BUSINESS DATE: 06/10/2020 DAILY DELIVERY NOTICES RUN DATE: 06/10/2020
PRODUCT GROUP: METALS RUN TIME: 20:49:39
800 C MAREX SPEC 7 18
845 C GOLDMAN SACHS C 1
905 C ADM 206 16
____________________________________________________________________________________________
TOTAL: 1,323 1,323
MONTH TO DATE: 50,080
NUMBER OF NOTICES FILED TODAY FOR JUNE CONTRACT: 1323 NOTICE(S) FOR 132,300 OZ (4.115 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 50,050 NOTICES FOR 500,800 OZ (155.769 TONNES)
AND 8 NOTICES FILED FOR 800 OZ OF ENHANCED GOLD
FOR JUNE
0 NOTICE(S) FILED TODAY FOR nil OZ/
total number of notices filed so far this month: 418 for 2,090,000 oz
BITCOIN MORNING QUOTE $9767 DOWN $117
BITCOIN AFTERNOON QUOTE.: $9237 DOWN 644
GLD AND SLV INVENTORIES:
WITH GOLD UP $16.80 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL”?
A HUGE 6.55 TONNES OF GOLD DEPOSITED INTO THE GLD/
GLD: 1,135.05 TONNES OF GOLD//
WITH SILVER UP 6 CENTS TODAY: AND WITH NO SILVER AROUND
NO CHANGE IN SILVER INVENTORY AT THE SLV
RESTING SLV INVENTORY TONIGHT:
SLV: 472.849 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 STRONG SIZED 2477 CONTRACTS FROM 175,240 UP TO 177,739 AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED GAIN IN OI OCCURRED WITH OUR SMALL 3 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 FAIR EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING A ZERO INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE. WE HAD A NET GAIN IN OUR TWO EXCHANGES OF 3208 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 FAIR SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: JULY: 652 AND SEPT 57 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 709 CONTRACTS. WITH THE TRANSFER OF 709 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 709 EFP CONTRACTS TRANSLATES INTO 3.545 MILLION OZ ACCOMPANYING:
1.THE 3 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
23.005 MILLION OZ FINAL STANDING FOR MAR
4.660 MILLION OZ FINAL STANDING FOR APRIL
45.220 MILLION OZ FINAL STANDING FOR MAY
2.145 MILLION OF INITIALLY STANDING FOR JUNE
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 3 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS FROM THEIR POSITIONS. THE CONSIDERABLE GAIN AT THE COMEX WAS ACCOMPANIED BY : i) A FAIR ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A ZERO INCREASE IN SILVER OZ STANDING CONSIDERABLE BANKER SHORT COVERING AND 4) ZERO LONG LIQUIDATION AS WE DID HAVE A STRONG NET GAIN OF 3208 CONTRACTS OR 16.04 MILLION OZ ON THE TWO EXCHANGES! YOU CAN BET THE FARM THAT OUR BANKER ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER
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