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USA INITIATES SANCTIONS ON CHINESE INDIVIDUALS AND BANKS RE HONG KONG AFFAIR
by Harvey Organ, Harvey Organ Blog:
GOLD UP $5.30 TO $1767.00 AND SILVER UP 6 CENTS TO $17.82 AND BOTH METALS HAD AN UPSIDE DAY REVERSAL AT THE COMEX//GOLD STANDING AT THE COMEX: 170.6 TONNES//COMEX//CORONAVIRUS NUMBERS INCREASING IN THE USA AND BRAZIL//CORONAVIRUS UPDATES THROUGHOUT THE GLOBE//SWAMP STORIES FOR YOU TONIGHT//USA VS CHINA: USA INITIATES SANCTIONS ON CHINESE INDIVIDUALS AND BANKS RE HONG KONG AFFAIR//CHINA VISIBLY UPSET//THE GERMAN WIRECARD FRAUD SNARES ERNST AND YOUNG AND THE REGULATOR BAFIN
GOLD:$1767.00 UP $5.30 The quote is London spot price
Silver:$17.82//UP 6 CENTS London spot price
TODAY WE HAD A VERY RARE UPSIDE DAY REVERSAL AT THE COMEX. THE BANKERS KNOCKED GOLD AND SILVER DOWN AND THEN SUDDENLY IT REVERSED…. THE CROOKS MUST BE FRIGHTENED ABOUT SOMETHING. THE REVERSAL WAS DONE ON NO NEWS.
LBMA/OTC OPTIONS EXPIRE JUNE 30//
Closing access prices: London spot
i)Gold : $1770.50 LONDON SPOT 4:30 pm
ii)SILVER: $17.81//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUG GOLD: $1780.70 CLOSE 1.30 PM// SPREAD SPOT/FUTURE JUNE: $13.70
CLOSING SILVER FUTURE MONTH
SILVER JULY COMEX CLOSE; $18.05…1:30 PM.//SPREAD SPOT/FUTURE JULY// : 23 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: 399/1417
issued 1124
EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,762.100000000 USD
INTENT DATE: 06/25/2020 DELIVERY DATE: 06/29/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 148
104 C MIZUHO 1
135 H RAND 2
152 C DORMAN TRADING 57
190 H BMO CAPITAL 7
657 C MORGAN STANLEY 24
657 H MORGAN STANLEY 559
661 C JP MORGAN 1124 166
661 H JP MORGAN 233
686 C INTL FCSTONE 85 95
690 C ABN AMRO 5 59
737 C ADVANTAGE 21 73
800 C MAREX SPEC 33 50
905 C ADM 7
991 H CME 85
____________________________________________________________________________________________
TOTAL: 1,417 1,417
MONTH TO DATE: 54,893
NUMBER OF NOTICES FILED TODAY FOR JUNE CONTRACT: 1417 NOTICE(S) FOR 141,700 OZ (4.407 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 54893 NOTICES FOR 5,489,300 OZ (170.74 TONNES)
FOR JUNE
8 NOTICE(S) FILED TODAY FOR 40,000 OZ/
total number of notices filed so far this month: 441 for 2,205,000 oz
BITCOIN MORNING QUOTE $9190 DOWN 58
BITCOIN AFTERNOON QUOTE.: $9167 DOWN $85
GLD AND SLV INVENTORIES:
WITH GOLD UP $5.30 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 WITHDRAWAL OF 1.46 TONNES OF GOLD
GLD: 1,175.39 TONNES OF GOLD//
WITH SILVER UP A STRONG 6 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 2308 CONTRACTS FROM 180,256 DOWN TO 177,948, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED LOSS IN OI OCCURRED WITH OUR GOOD 12 CENT GAIN 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 GOOD EXCHANGE FOR PHYSICAL ISSUANCE, MINIMAL LONG LIQUIDATION, ACCOMPANYING A SMALL INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE. WE HAD A NET LOSS IN OUR TWO EXCHANGES OF 1257 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: 1051 AND SEP 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1000 CONTRACTS. WITH THE TRANSFER OF 1051 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 1051 EFP CONTRACTS TRANSLATES INTO 5.255,000 MILLION OZ ACCOMPANYING:
1.THE 12 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
2.205 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 12 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 GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A SMALL INCREASE IN SILVER OZ STANDING, HUGE BANKER SHORT COVERING AND 4) MINIMAL LONG LIQUIDATION AS WE DID HAVE A STRONG NET LOSS OF 1257 CONTRACTS OR 6.285 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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