Select date
The gold market continues to be broken as future prices are much higher than spot prices
by Harvey Organ, Harvey Organ Blog:
WHAT A DAY!! GOLD UP $25.50 TO $1766.50//SILVER UP 16 CENTS TO $17.95//GOLD TONNAGE STANDING AT THE COMEX; 167.4 TONNES//CORONAVIRUS UPDATES//USA VS CHINA MAJOR STORY OF THE DAY
GOLD:$1766.50 UP $25.50 The quote is London spot price
Silver:$17.95//UP 16 CENTS London spot price
Closing access prices: London spot
i)Gold : $1767.30 LONDON SPOT 4:30 pm
ii)SILVER: $17.95//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
JUNE COMEX GOLD: 1766.50 1:30 PM
AUG GOLD: $1781.50 CLOSE 1.30 PM// SPREAD SPOT/FUTURE JUNE: $15.00
CLOSING SILVER FUTURE MONTH
SILVER JUNE COMEX CLOSE; $17.95…1:30 PM.//SPREAD SPOT/FUTURE JULY//18.07 : 12 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 $2600. usa per oz
and silver; $29.00 per oz//
LADIES AND GENTLEMEN: YOU ARE NOW WITNESSING FIRST HAND THE DIFFERENCE BETWEEN PAPER GOLD/SILVER AND THE REAL PHYSICAL STUFF!!
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 84/705
ISSUED 668
EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,756.700000000 USD
INTENT DATE: 06/22/2020 DELIVERY DATE: 06/24/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
135 H RAND 1
152 C DORMAN TRADING 13
159 C ED&F MAN CAP 1
657 C MORGAN STANLEY 17
657 H MORGAN STANLEY 454
661 C JP MORGAN 668 84
661 H JP MORGAN 30
686 C INTL FCSTONE 9
690 C ABN AMRO 2 32
737 C ADVANTAGE 4 45
800 C MAREX SPEC 24
905 C ADM 26
____________________________________________________________________________________________
TOTAL: 705 705
MONTH TO DATE: 52,913
NUMBER OF NOTICES FILED TODAY FOR APRIL CONTRACT: 705 NOTICE(S) FOR 70500 OZ (2.1928 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 52913 NOTICES FOR 5,291300 OZ (164.48 TONNES)
FOR APRIL
0 NOTICE(S) FILED TODAY FOR NIL OZ/
total number of notices filed so far this month: 428 for 2,140,000 oz
BITCOIN MORNING QUOTE $9625 DOWN 59
BITCOIN AFTERNOON QUOTE.: $9652 DOWN $33
GLD AND SLV INVENTORIES:
WITH GOLD UP $25.50 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL”?
A MONSTROUS (CRIMINAL) CHANGE IN GOLD INVENTORY AT THE GLD// A DEPOSIT OF 6.73 TONNES OF GOLD
RESTS TONIGHT AT 1166.04 TONNES
GLD: 1,166.04 TONNES OF GOLD//
WITH SILVER UP A STRONG 16 CENTS TODAY: AND WITH NO SILVER AROUND
A HUGE CHANGE IN SILVER INVENTORY AT THE SLV.
A MASSIVE PAPER DEPOSIT OF 4.473 MILLION OZ INTO THE SLV///
RESTING SLV INVENTORY TONIGHT:
SLV: 490.927 MILLION OZ./
XXXXXXXXXXXXXXXXXXXXXXXXX
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
IN SILVER THE COMEX OI ROSE BY A TINY SIZED 188 CONTRACTS FROM 181,807 UP TO 181,995, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE TINY SIZED GAIN IN OI OCCURRED WITH OUR STRONG 15 CENT GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS DUE TO HUGE BANKER SHORT COVERING PLUS A TINY 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 293 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: JULY: 104 AND SEP 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 104 CONTRACTS. WITH THE TRANSFER OF 140 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 104 EFP CONTRACTS TRANSLATES INTO 0.520 MILLION OZ ACCOMPANYING:
1.THE 15 CENT RISE 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
2.190 MILLION OF INITIALLY STANDING FOR JUNE
MONDAY, 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 15 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS WERE SOMEWHAT SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS FROM THEIR POSITIONS. THE TINY LOSS AT THE COMEX WAS ACCOMPANIED BY : i) A TINY ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A ZERO INCREASE IN SILVER OZ STANDING HUGE BANKER SHORT COVERING AND 4) ZERO LONG LIQUIDATION AS WE DID HAVE A TINY NET GAIN OF 293 CONTRACTS OR 1.465 MILLION OZ ON THE TWO EXCHANGES! YOU CAN BET THE FARM THAT OUR BANKER ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER
Read More @ HarveyOrganBlog.com
