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J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)
by Harvey Organ, Harvey Organ Blog:
GOLD UP $8.80 TO $1900.30//SILVER DOWN 12 CENTS TO $22.64//GOLD TONNAGE STANDING AT THE COMEX: 24.92 TONNES//CHINA VS USA//CORONAVIRUS UPDATES: THE GLOBE//SWAMP STORIES FOR YOU TONIGHT
GOLD:$:1900.30 UP $8.80 The quote is London spot price (cash market)
This is an all time high compared to last record: London gold fix: Sept 5/2011: $1891.30
Silver:$22.64// DOWN $0.12 London spot price ( cash market)
There is now no question that our bankers’ precious metals derivatives have blown up. The Fed is loaning these crooks mega dollars as they are hugely offside on their shorts of gold and silver.
your data:
Closing access prices: London spot
i)Gold : $1901.80 LONDON SPOT 4:30 pm
ii)SILVER: $22.75//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
OCT GOLD: $1910.10 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: $8.80 ($2.80 ABOVE NORMAL CONTANGO)
DEC. GOLD $1925.30 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $25.00 ($13.00 ABOVE NORMAL CONTANGO)
CLOSING SILVER FUTURE MONTH
SILVER SEPT COMEX CLOSE; $22.88…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : 24 CENTS PER OZ
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 0/83
issued: 65
EXCHANGE: COMEX
CONTRACT: JULY 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,889.100000000 USD
INTENT DATE: 07/23/2020 DELIVERY DATE: 07/27/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
159 C ED&F MAN CAP 1
332 H STANDARD CHARTE 1
657 C MORGAN STANLEY 6
657 H MORGAN STANLEY 80
661 C JP MORGAN 65
686 C INTL FCSTONE 1
737 C ADVANTAGE 3
880 C CITIGROUP 4
905 C ADM 3 2
____________________________________________________________________________________________
TOTAL: 83 83
MONTH TO DATE: 7,959
NUMBER OF NOTICES FILED TODAY FOR JULY CONTRACT: 83 NOTICE(S) FOR 8300 OZ (.2581 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 7959 NOTICES FOR 795900 OZ (24.755 TONNES)
FOR JULY
318 NOTICE(S) FILED TODAY FOR 1,590,000 OZ/
total number of notices filed so far this month: 15,678 for 78.400 MILLION oz
BITCOIN MORNING QUOTE $9533 DOWN 70
BITCOIN AFTERNOON QUOTE.: $9582 DOWN 21
GLD AND SLV INVENTORIES:
WITH GOLD UP $8.80 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A MASSIVE PAPER DEPOSIT OF 3.80 TONNES INTO THE GLD
WHAT A MASSIVE FRAUD!
GLD: 1,225.01 TONNES OF GOLD//
WITH SILVER DOWN $0.12 TODAY: AND WITH NO SILVER AROUND:
A HUGE CHANGE IN SILVER INVENTORY AT THE SLV:
NO CHANGE IN SILVER INVENTORY
RESTING SLV INVENTORY TONIGHT:
SLV: 558.779 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 SMALL SIZED 762 CONTRACTS FROM 184,943 UP TO 185,705, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE SMALL SIZED GAIN IN OI OCCURRED WITH OUR SMALL 4 CENT GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS PRIMARILY DUE TO HUGE BANKER SHORT COVERING PLUS A STRONG EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING A STRONG INCREASE IN SILVER STANDING AT THE COMEX FOR JULY. WE HAD A NET GAIN IN OUR TWO EXCHANGES OF 2082 CONTRACTS (SEE CALCULATIONS BELOW).
WE HAVE ALSO WITNESSED A HUGE 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: 0 AND SEP 1320 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1320 CONTRACTS. WITH THE TRANSFER OF 1320 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 1320 EFP CONTRACTS TRANSLATES INTO 9.315 MILLION OZ ACCOMPANYING:
1.THE 4 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
83.15 MILLION OZ INITIALLY IN JULY.
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 4 CENTS ).. AND,OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS FROM THEIR POSITIONS. THE SMALL GAIN AT THE COMEX WAS ACCOMPANIED BY : i) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A STRONG INCREASE IN STANDING OF SILVER OZ STANDING FOR JULY, HUGE BANKER SHORT COVERING AND 4) ZERO LONG LIQUIDATION AS WE DID HAVE A NET GAIN OF 2082 CONTRACTS OR 10.41 MILLION OZ ON THE TWO EXCHANGES! YOU CAN BET THE FARM THAT OUR BANKER ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS
JULY
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY /FOR MONTH OF JULY:
19,343 CONTRACTS (FOR 17 TRADING DAY(S) TOTAL 19,343 CONTRACTS) OR 96.72 MILLION OZ: (AVERAGE PER DAY: 1138 CONTRACTS OR 5.689 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF JULY: 96.72 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 13.82% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)* JUNE’S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP’S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.
ACCUMULATION IN YEAR 2020 TO DATE SILVER EFP’S: 1,234.13 MILLION OZ.
JANUARY 2020 EFP TOTALS SO FAR: 181.61 MILLION OZ
FEB 2020 EFP’S TOTAL : …… 259.600 MILLION OZ
MARCH EFP’S ….. 452.280 MILLION OZ //TOTALS//AND A NEW RECORD FOR THE MONTH)
APRIL EFP 95.355 MILLION OZ. (EX. FOR PHYSICALS BECOMING A LOT LESS)
MAY EFP FINAL: 77.27 MILLION OZ
JUNE EXP 71.15 MILLION OZ.
JULY EXP 96.72 MILLION OZ/
EXCHANGE FOR PHYSICAL ISSUANCE FOR THE PAST 60 DAYS IS A LOT LESS. NO DOUBT THAT THE COST TO CARRY THESE THINGS HAS EXPLODED AND AS SUCH CANNOT BE DONE AS FREQUENTLY AS BEFORE.
RESULT: WE HAD A SMALL SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 762, WITH OUR 4 CENT GAIN IN SILVER PRICING AT THE COMEX ///THURSDAY… THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 1320 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER
TODAY WE GAINED A STRONG SIZED OI CONTRACTS ON THE TWO EXCHANGES: 2082 CONTRACTS (WITH OUR 4 CENT GAIN IN PRICE)//
THE TALLY//EXCHANGE FOR PHYSICALS
i.e 1320 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH A SMALL SIZED INCREASE OF 782 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED DESPITE A 4 CENT GAIN IN PRICE OF SILVER/AND A CLOSING PRICE OF $22.76 // THURSDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY.
In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. 0.892 BILLION OZ TO BE EXACT or 127% of annual global silver production (ex Russia & ex China).
FOR THE NEW JULY DELIVERY MONTH/ THEY FILED AT THE COMEX: 318 NOTICE(S) FOR 1,590,000 OZ OF SILVER.
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.70//TODAY’S RECORD OF 244,705 IS SET WITH A PRICE OF: 18.91 (FEB 25/2020)
.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
- HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ MAY: 36.285 MILLION OZ ; JUNE/2018 (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ ) FOR AUGUST 6.065 MILLION OZ. , SEPT: A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ JANUARY AT 5.825 MILLION OZ.AND FEB 2019: 2.955 MILLION OZ/ MARCH: 27.120 MILLION OZ/ APRIL AT 3.875 MILLION OZ/ A MAY: 18.845 MILLION OZ ..JUNE 2.660 MILLION OZ//JULY 22.605 MILLION OZ; AUGUST 10.025 MILLION OZ/ SEPT 43.030 MILLION OZ//OCT: 7.665 MILLION OZ// NOV: 2.630 MILLION OZ//DEC: 20.970 MILLION OZ; JAN: 5.075 MILLION OZ.//FEB 1.480 MILLION OZ//MAR: 23.005 MILLION OZ/APRIL 4.660 MILLION OZ//MAY 45.220 MILLION OZ//JUNE: 2.205 MILLION OZ// JULY 83.15 million oz
- THE RECORD PRIOR TO TODAY WAS SET IN FEB 25/2018: 244,710 CONTRACTS, WITH A SILVER PRICE OF $18.90//.
- HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017 RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLION OZ/ AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ
AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)
GOLD
IN GOLD, THE COMEX OPEN INTEREST FELL BY A SMALL SIZED 1292 CONTRACTS TO 608,448 AND FURTHER FROM OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE SMALL LOSS OF COMEX OI OCCURRED DESPITE OUR STRONG RISE IN PRICE OF $24.90 /// COMEX GOLD TRADING// THURSDAY// WE HAD HUGE BANKER SHORT COVERING, ANOTHER GOOD SIZED INCREASE IN GOLD OZ STANDING AT THE COMEX FOR JULY, ALONG WITH ZERO LONG LIQUIDATION ACCOMPANYING A SMALL EXCHANGE FOR PHYSICAL ISSUANCE AND THE CONTINUATION OF GOLD SPREADER LIQUIDATION. THIS ALL HAPPENED WITH OUR HUGE GAIN IN PRICE OF $24.90 .
WE HAD A VOLUME OF 5 4 -GC CONTRACTS//OPEN INTEREST 59
WE GAINED A GOOD SIZED 4932 CONTRACTS (15.34 TONNES) ON OUR TWO EXCHANGES.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED 6224 CONTRACTS:
CONTRACT .; AUG 4824 AND OCT: 0 DEC: 900; FEB: 500 ALL OTHER MONTHS ZERO//TOTAL: 6224. The NEW COMEX OI for the gold complex rests at 608,448. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.
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