by Harvey Organ, Harvey Organ Blog:
GOLD DOWN $1.00 TO $1730.60//SILVER DOWN 30 CENTS TO $1744/A RECORD 161.3 TONNES OF GOLD STANDING FOR JUNE//CORONAVIRUS UPDATES//SEATTLE WASHINGTON//SWAMP STORIES
GOLD:$1730.60 DOWN $1.00 The quote is London spot price
Silver:$17.44 DOWN 30 CENTS//LONDON SPOT PRICE
Closing access prices: London spot
i)Gold : $1731.50 LONDON SPOT 4:30 pm
ii)SILVER: $17.50//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUG GOLD: $1731.30 CLOSE 1.30 PM// SPREAD SPOT (LONDON) VS/FUTURE JUNE: $+ 8.00
CLOSING SILVER FUTURE MONTH
JULY: 1:30 PM: $17.50//1:30 PM //SPREAD SPOT LONDON VS FUTURE JULY: 6 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: 106/185
issued 155
EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,732.000000000 USD
INTENT DATE: 06/11/2020 DELIVERY DATE: 06/15/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 3
072 H GOLDMAN 14
118 H MACQUARIE FUT 3
159 C ED&F MAN CAP 1
190 H BMO CAPITAL 1
355 C CREDIT SUISSE 1
624 C BOFA SECURITIES 4
657 C MORGAN STANLEY 12
657 H MORGAN STANLEY 32
661 C JP MORGAN 155 96
661 H JP MORGAN 10
690 C ABN AMRO 1
737 C ADVANTAGE 14 1
800 C MAREX SPEC 15 4
905 C ADM 3
____________________________________________________________________________________________
TOTAL: 185 185
MONTH TO DATE: 50,265
NUMBER OF NOTICES FILED TODAY FOR JUNE CONTRACT: 185 NOTICE(S) FOR 18500 OZ ( 0.575tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 50,265 NOTICES FOR 5,027,500 OZ (156.34 TONNES)
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 DOWN $1.00 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL”?
A HUGE 1.17 TONNES OF GOLD DEPOSITED INTO THE GLD/
GLD: 1,136.22 TONNES OF GOLD//
WITH SILVER DOWN A HUGE 30 CENTS TODAY: AND WITH NO SILVER AROUND
A HUMONGOUS CHANGE IN SILVER INVENTORY AT THE SLV:
TWO MASSIVE DEPOSITS: i) 7.269 MILLION OZ//
ii)1.802 MILLION OZ
TOTAL: 9.071 MILLION OZ//
RESTING SLV INVENTORY TONIGHT:
SLV: 481.982 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 1162 CONTRACTS FROM 177,739 UP TO 178,901 AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED GAIN IN OI OCCURRED WITH OUR SMALL 6 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 1532 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: 370 AND SEPT 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 370 CONTRACTS. WITH THE TRANSFER OF 370 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 370 EFP CONTRACTS TRANSLATES INTO 1.85 MILLION OZ ACCOMPANYING:
1.THE 6 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
THURSDAY, 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 6 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 1532 CONTRACTS OR 7.660 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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