by Harvey Organ, Harvey Organ Blog:
GOLD DOWN $1.05 TO $1727.25//SILVER UP 8 CENTS TO $17.58//COMEX GOLD TONNAGE STANDING: 162 TONNES//CORONAVIRUS UPDATES/NORTH KOREA THREATENS IN INVADE SOUTH KOREA AND THE DMZ//LOOKS LIKE NUMBERS OF COVID 19 INVADING BEIJING ARE HUGE// TRUMP ON THE WARPATH AGAINST CHINESE OFFICIALS FOR TREATMENT OF THE UIGHURS AND THEIR PUSH INTO INTERMENT CAMPS//HSBC CONTINUES TO HAVE TROUBLE AS THEY NOW ARE READY TO REMOVE 35,000 EMPLOYEES WORLDWIDE//ATLANTA COP WHO KILLED BROOKS HAS BEEN CHARGED WITH MURDER// SWAMP STORIES
GOLD:$1727.25 DOWN $1.05 The quote is London spot price
Silver:$17.58 UP 8 CENTS//LONDON SPOT PRICE
Closing access prices: London spot
i)Gold : $1728.70 LONDON SPOT 4:30 pm
ii)SILVER: $17.51//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUG GOLD: $1735.25 CLOSE 1.30 PM// SPREAD SPOT (LONDON) VS/FUTURE AUGUST: $ + 8.00
CLOSING SILVER FUTURE MONTH
JULY: 1:30 PM: $17.78//1:30 PM //SPREAD SPOT LONDON VS FUTURE JULY: 20 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: 3/4
DLV615-T CME CLEARING
BUSINESS DATE: 06/16/2020 DAILY DELIVERY NOTICES RUN DATE: 06/16/2020
PRODUCT GROUP: METALS RUN TIME: 20:52:35
EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,729.600000000 USD
INTENT DATE: 06/16/2020 DELIVERY DATE: 06/18/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
657 C MORGAN STANLEY 3
657 H MORGAN STANLEY 1
661 C JP MORGAN 3
905 C ADM 1
____________________________________________________________________________________________
TOTAL: 4 4
MONTH TO DATE: 50,469
NUMBER OF NOTICES FILED TODAY FOR JUNE CONTRACT: 4 NOTICE(S) FOR 400 OZ ( 0.0124 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 50,469 NOTICES FOR 5,046,900 OZ (156.967 TONNES)
FOR JUNE
1 NOTICE(S) FILED TODAY FOR 5,000 OZ/
total number of notices filed so far this month: 425 for 2,125,000 oz
BITCOIN MORNING QUOTE $9495 DOWN $30
BITCOIN AFTERNOON QUOTE.: $9355 DOWN 164
GLD AND SLV INVENTORIES:
WITH GOLD DOWN $1.05 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL”?
NO CHANGES IN GOLD INVENTORY AT THE GLD//
RESTS TONIGHT AT 1136.22 TONNES
GLD: 1,136.22 TONNES OF GOLD//
WITH SILVER UP A GOOD 8 CENTS TODAY: AND WITH NO SILVER AROUND
A HUGE CHANGE IN SILVER INVENTORY AT THE SLV..
A MASSIVE PAPER DEPOSIT OF 3.261 MILLION OZ/ (THIS SILVER WAS PROBABLY BORROWED BY SCOTIA FROM JPMORGAN)
RESTING SLV INVENTORY TONIGHT:
SLV: 486.361 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 1488 CONTRACTS FROM 172,898 UP TO 174,386 AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED GAIN IN OI OCCURRED WITH OUR 20 CENT ADVANCE 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 SMALL INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE. WE HAD A NET GAIN IN OUR TWO EXCHANGES OF 2190 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 GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: JULY: 300 AND SEPT 402 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 702 CONTRACTS. WITH THE TRANSFER OF 702 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 702 EFP CONTRACTS TRANSLATES INTO 3.510 MILLION OZ ACCOMPANYING:
1.THE 20 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
2.155 MILLION OF INITIALLY STANDING FOR JUNE
TUESDAY, 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 20 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS WERE SOMEWHAT SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS FROM THEIR POSITIONS. THE CONSIDERABLE LOSS AT THE COMEX WAS ACCOMPANIED BY : i) A FAIR ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A SMALL INCREASE IN SILVER OZ STANDING CONSIDERABLE BANKER SHORT COVERING AND 4) ZERO LONG LIQUIDATION AS WE DID HAVE A STRONG NET GAIN OF 2190CONTRACTS OR 10.95 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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