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ANOTHER 1.48 MILLION AMERICANS FILE FOR UNEMPLOYMENT BENEFITS
by Harvey Organ, Harvey Organ Blog:
GLD DOWN $3.30 ON COMEX OPTIONS EXPIRY DAY//SILVER UP 12 CENTS TO $17.76//GOLD TONNAGE STANDING AT THE COMEX: 171.4 TONNES//ALSO JULY WILL BE A STRONG DELIVERY MONTH IN GOLD OF 13.4 TONNES//CORONAVIRUS UPDATES AROUND THE GLOBE: USA AND BRAZIL ARE THE TROUBLE SPOTS//ANOTHER 1.48 MILLION AMERICANS FILE FOR UNEMPLOYMENT BENEFITS//MORE SWAMP STORIES FOR YOU TONIGHT
GOLD:$1761.70 DOWN $3.30 The quote is London spot price
Silver:$17.76//UP 12 CENTS London spot price
COMEX EXPIRY TODAY
LBMA/OTC OPTIONS EXPIRE JUNE 30//
Closing access prices: London spot
i)Gold : $1764.00 LONDON SPOT 4:30 pm
ii)SILVER: $17.80//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUG GOLD: $1770.30 CLOSE 1.30 PM// SPREAD SPOT/FUTURE JUNE: $8.60
CLOSING SILVER FUTURE MONTH
SILVER JULY COMEX CLOSE; $17.85…1:30 PM.//SPREAD SPOT/FUTURE JULY// : 9 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: 58/518
issued: 455
EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,765.800000000 USD
INTENT DATE: 06/24/2020 DELIVERY DATE: 06/26/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
152 C DORMAN TRADING 20
159 C ED&F MAN CAP 1
190 H BMO CAPITAL 2
332 H STANDARD CHARTE 20
657 C MORGAN STANLEY 17 10
657 H MORGAN STANLEY 240
661 C JP MORGAN 455 58
661 H JP MORGAN 64
686 C INTL FCSTONE 23
690 C ABN AMRO 21 41
737 C ADVANTAGE 4 28
800 C MAREX SPEC 25
905 C ADM 7
____________________________________________________________________________________________
TOTAL: 518 518
MONTH TO DATE: 53,476
NUMBER OF NOTICES FILED TODAY FOR APRIL CONTRACT: 518 NOTICE(S) FOR 51800 OZ (1.611 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 53476 NOTICES FOR 5,347,600 OZ (166.33 TONNES)
2 NOTICE(S) FILED TODAY FOR 10,000 OZ/
total number of notices filed so far this month: 433 for 2,165,000 oz
BITCOIN MORNING QUOTE $9277 DOWN 20
BITCOIN AFTERNOON QUOTE.: $9284 DOWN $13
GLD AND SLV INVENTORIES:
WITH GOLD DOWN $3.30 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 MASSIVE DEPOSIT OF 7.60 TONNES OF GOLD
GLD: 1,176.85 TONNES OF GOLD//
WITH SILVER UP A STRONG 12 CENTS TODAY: AND WITH NO SILVER AROUND
A HUGE CHANGE IN SILVER INVENTORY AT THE SLV.
A STRONG PAPER DEPOSIT OF 0.931 MILLION OZ INTO THE SLV///
RESTING SLV INVENTORY TONIGHT:
SLV: 491.858 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 FELL BY A STRONG SIZED 3188 CONTRACTS FROM 183,444 DOWN TO 180,256, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED LOSS IN OI OCCURRED WITH OUR CONSIDERABLE 31 CENT LOSS IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO SPREADER LIQUIDATION ALONG WITH HUGE BANKER SHORT COVERING PLUS A STRONG EXCHANGE FOR PHYSICAL ISSUANCE, SOME LONG LIQUIDATION, ACCOMPANYING A ZERO INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE. WE HAD A NET LOSS IN OUR TWO EXCHANGES OF 1612 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: 1185 AND SEP 391 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 1576 EFP CONTRACTS TRANSLATES INTO 7.880 MILLION OZ ACCOMPANYING:
1.THE 31 CENT FALL 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
WEDNESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL 31 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS WERE NO DOUBT UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS FROM THEIR POSITIONS. THE STRONG LOSS AT THE COMEX WAS ACCOMPANIED BY : i) A STRONG SPREADER LIQUIDATION, ii) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A ZERO INCREASE IN SILVER OZ STANDING, HUGE BANKER SHORT COVERING AND 4) MINIMAL LONG LIQUIDATION AS WE DID HAVE A STRONG NET LOSS OF 1612 CONTRACTS OR 8.060 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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