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CHINA PASSES ITS NATIONAL SECURITY BILL/HONG KONGERS PROTEST
by Harvey Organ, Harvey Organ Blog:
GOLD DOWN $12.90 TO $1770.90//SILVER DOWN 23 CENTS TO $17.97 : TOMORROW FOMC//GOLD TONNAGE STANDING AT THE COMEX: NORTH OF 16 TONNES//CHINA PASSES ITS NATIONAL SECURITY BILL/HONG KONGERS PROTEST//CORONAVIRUS UPDATE//SWAMP STORIES FOR YOU TONIGHT
GOLD::$1770.90 DOWN $12.90 The quote is London spot price
Silver:$17.97// DOWN 23 CENTS London spot price
Closing access prices: London spot
i)Gold : $1770.20 LONDON SPOT 4:30 pm
ii)SILVER: $18.02//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUG GOLD: $1780.00 CLOSE 1.30 PM// SPREAD SPOT/FUTURE JUNE: $9.10
CLOSING SILVER FUTURE MONTH
SILVER SEPT COMEX CLOSE; $18.23…1:30 PM.//SPREAD SPOT/FUTURE JULY// : 26 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!!
TOMORROW WE WILL HAVE THE JOBS REPORT AND AS USUAL, THEY WHACK THE DAY BEFORE/
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 195/484
issued 159
EXCHANGE: COMEX
CONTRACT: JULY 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,793.000000000 USD
INTENT DATE: 06/30/2020 DELIVERY DATE: 07/02/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 14
072 H GOLDMAN 55
132 C SG AMERICAS 4
152 C DORMAN TRADING 8
159 C ED&F MAN CAP 2
355 C CREDIT SUISSE 3
624 C BOFA SECURITIES 1
657 C MORGAN STANLEY 8
657 H MORGAN STANLEY 94
661 C JP MORGAN 159 195
661 H JP MORGAN 168
690 C ABN AMRO 19 23
732 C RBC CAP MARKETS 3
737 C ADVANTAGE 69 25
800 C MAREX SPEC 60 49
878 C PHILLIP CAPITAL 4
905 C ADM 3 2
____________________________________________________________________________________________
TOTAL: 484 484
MONTH TO DATE: 3,800
NUMBER OF NOTICES FILED TODAY FOR JULY CONTRACT: 484 NOTICE(S) FOR 48,400 OZ (1.505 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 3800 NOTICES FOR 380,000 OZ (11.819 TONNES)
FOR JULY
810 NOTICE(S) FILED TODAY FOR 4,050,000 OZ/
total number of notices filed so far this month: 12,268 for 61,340,000 MILLION oz
BITCOIN MORNING QUOTE $9159 UP 21
BITCOIN AFTERNOON QUOTE.: $9240 UP $102
GLD AND SLV INVENTORIES:
WITH GOLD DOWN $12.90 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 DOWN 23 CENTS TODAY: AND WITH NO SILVER AROUND
A HUGE 5.04 MILLION OZ DEPOSIT INTO THE SLV
RESTING SLV INVENTORY TONIGHT:
SLV: 498.007 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 2270 CONTRACTS FROM 171,688 DOWN TO 169,418, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED LOSS IN OI OCCURRED DESPITE OUR STRONG 39 CENT GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO THE CONCLUSION OF OUR SPREADER LIQUIDATION (AS WE END JUNE)_, ALONG WITH STRONG BANKER SHORT COVERING PLUS A SMALL EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING A SMALL DECREASE IN SILVER STANDING AT THE COMEX FOR JULY. WE HAD A NET LOSS IN OUR TWO EXCHANGES OF 1724 CONTRACTS (SEE CALCULATIONS BELOW).
WE HAVE ALSO WITNESSED A HUGEAMOUNT 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: 0 AND SEP 489 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 489 CONTRACTS. WITH THE TRANSFER OF 489 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 489 EFP CONTRACTS TRANSLATES INTO 2.445 MILLION OZ ACCOMPANYING:
1.THE 39 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 FINAL STANDING FOR JUNE
83.335MILLION OZ INITIALLY IN JULY.
TUESDAY, 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 39 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 (AND ITS CONCLUSION) OF SPREADER LIQUIDATION, ii) A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A SMALL DECLINE IN STANDING OF SILVER OZ STANDING FOR JULY, STRONG BANKER SHORT COVERING AND 4) ZERO LONG LIQUIDATION AS WE DID HAVE A STRONG NET LOSS OF 1781 CONTRACTS OR 8.6200 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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