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EU BANS USA TRAVEL ENTRIES
by Harvey Organ, Harvey Organ Blog:
GOLD UP A STRONG $16.50 TO $1783.50//SILVER UP 39 CENTS TO $18.20//GOLD STANDING FOR JULY 13.96 TONNES/SILVER STANDING FOR JULY 84 MILLION OZ/CORONAVIRUS UPDATES//USA REVOKES HONG KONG’S SPECIAL STATUS//CHINA’S XI PASSES THE NATIONAL SECURITY LAWS//EU BANS USA TRAVEL ENTRIES//SWAMP STORIES
GOLD:$1783.50 UP $16.50 The quote is London spot price
Silver:$18.20// UP 39 CENTS London spot price
Closing access prices: London spot
i)Gold : $1780.90 LONDON SPOT 4:30 pm
ii)SILVER: $18.21//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUG GOLD: $1800.00 CLOSE 1.30 PM// SPREAD SPOT/FUTURE JUNE: $16.50
CLOSING SILVER FUTURE MONTH
SILVER SEPT COMEX CLOSE; $18.62…1:30 PM.//SPREAD SPOT/FUTURE JULY// : 42 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: 1264/3316
issued: 2040
NUMBER OF NOTICES FILED TODAY FOR JULY CONTRACT: 3316 NOTICE(S) FOR 331,600 OZ (10.314 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 3316 NOTICES FOR 331600 OZ (10.314 TONNES)
FOR JULY
11,458 NOTICE(S) FILED TODAY FOR 57,290,000 OZ/
total number of notices filed so far this month: 11,438 for 57.290 MILLION oz
BITCOIN MORNING QUOTE $9147 DOWN 44
BITCOIN AFTERNOON QUOTE.: $9143 DOWN $49
GLD AND SLV INVENTORIES:
WITH GOLD UP $16.50 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL”?
NO CHANGE IN GOLD INVENTORY AT THE GLD
GLD: 1,178.90 TONNES OF GOLD//
WITH SILVER UP 39 CENTS TODAY: AND WITH NO SILVER AROUND
TWO CHANGES IN SILVER INVENTORY AT THE SLV.
A SMALL PAPER WITHDRAWAL OF 0.466 MILLION OZ OUT OF THE SLV///
AND THIS IS TO PAY FOR STORAGE FEES AND INSURANCE,
AND A HUGE 1.212 MILLION OZ OF A DEPOSIT INTO THE SLV//
RESTING SLV INVENTORY TONIGHT:
SLV: 492.604 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 CONSIDERABLE SIZED 4349 CONTRACTS FROM 176,037 DOWN TO 171,688, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED LOSS IN OI OCCURRED DESPITE OUR TINY 1 CENT LOSS IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO THE CONCLUSION OF OUR SPREADER LIQUIDATION ALONG WITH SOME STRONG BANKER SHORT COVERING PLUS A SMALL EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING A HUMONGOUS STANDING IN SILVER OZ STANDING AT THE COMEX FOR JULY. WE HAD A NET LOSS IN OUR TWO EXCHANGES OF 3664 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: 60 AND SEP 625 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 685 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 685 EFP CONTRACTS TRANSLATES INTO 3.910 MILLION OZ ACCOMPANYING:
1.THE 1 CENT LOSS 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 FINAL STANDING FOR JUNE
87.175 MILLION OZ INITIALLY IN JULY.
MONDAY, 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 1 CENT).. 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 (AND ITS CONCLUSION) OF SPREADER LIQUIDATION, ii) A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A HUMONGOUS STANDING IN SILVER OZ STANDING FOR JULY, STRONG BANKER SHORT COVERING AND 4) ZERO LONG LIQUIDATION AS WE DID HAVE A STRONG NET LOSS OF 3664 CONTRACTS OR 18.3200 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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