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CANADA GETS ITS TRIPLE A RATING CUT TO AA
by Harvey Organ, Harvey Organ Blog:
GOLD DOWN $1.50 TO $1765.00//SILVER DOWN 31 CENTS TO $17.64 WITH ONE DAY TO GO BEFORE COMEX EXPIRY//OTC/LMBA OPTIONS EXPIRE ON JUNE 30//COMEX GOLD TONNAGE STANDING ALMOST 169 TONNES//CORONAVIRUS UPDATES//CANADA GETS ITS TRIPLE A RATING CUT TO AA//HUGE NUMBER OF SWAMP STORIES FOR YOU TONIGHT
GOLD:$1765.00 DOWN $1.50 The quote is London spot price
Silver:$17.64//DOWN 31 CENTS London spot price
COMEX EXPIRY TOMORROW
LBMA/OTC OPTIONS EXPIRE JUNE 30//
THUS THE REASON FOR THE WHACK IN GOLD/SILVER TODAY.
Closing access prices: London spot
i)Gold : $1762.00 LONDON SPOT 4:30 pm
ii)SILVER: $17.50//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUG GOLD: $1774.20 CLOSE 1.30 PM// SPREAD SPOT/FUTURE JUNE: $9.20
CLOSING SILVER FUTURE MONTH
SILVER JULY COMEX CLOSE; $17.65…1:30 PM.//SPREAD SPOT/FUTURE JULY//18.07 : 1 CENT 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: 10/45
EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,772.100000000 USD
INTENT DATE: 06/23/2020 DELIVERY DATE: 06/25/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
657 H MORGAN STANLEY 26
661 C JP MORGAN 5
661 H JP MORGAN 5
690 C ABN AMRO 2
737 C ADVANTAGE 45 4
800 C MAREX SPEC 1
905 C ADM 2
____________________________________________________________________________________________
TOTAL: 45 45
MONTH TO DATE: 52,958
NUMBER OF NOTICES FILED TODAY FOR APRIL CONTRACT: 45 NOTICE(S) FOR 4500 OZ (0.1399 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 52958 NOTICES FOR 5,295,800 OZ (164.978 TONNES)
FOR APRIL
3 NOTICE(S) FILED TODAY FOR 15,000 OZ/
total number of notices filed so far this month: 431 for 2,155,000 oz
BITCOIN MORNING QUOTE $9364 DOWN 261
BITCOIN AFTERNOON QUOTE.: $9290 DOWN $330
GLD AND SLV INVENTORIES:
WITH GOLD DOWN $1.50 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 3.21 TONNES OF GOLD
RESTS TONIGHT AT 1169.25 TONNES
GLD: 1,169.25 TONNES OF GOLD//
WITH SILVER DOWN A STRONG 31 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./
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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 1449 CONTRACTS FROM 181,995 UP TO 183,444, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED GAIN IN OI OCCURRED WITH OUR CONSIDERABLE 16 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 STRONG 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 2904 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: JULY: 1290 AND SEP 165 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 104 CONTRACTS. WITH THE TRANSFER OF 1455 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 1455 EFP CONTRACTS TRANSLATES INTO 7.275 MILLION OZ ACCOMPANYING:
1.THE 16 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.
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