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THE CME RAISES SILVER MARGIN BY ANOTHER 15%
by Harvey Organ, Harvey Organ Blog:
GOLD RISES $23.15 TO $1961.55//SILVER UP $1.76 TO $27.57: THEN AFTER THE MARKET CLOSES, THE CME RAISES SILVER MARGIN BY ANOTHER 15% //LEVERAGE DOWN TO ONLY 9.5 TO ONE///BIG GAIN IN GOLD TONNAGE AT THE COMEX: UP TO 151.2 TONNES ANDREW MAGUIRE: A MUST SEE VIDEO ON WHAT IS GOING ON IN GOLD/SILVER TRADING////CHINA VS USA//KIMBRELL ON THE ORIGINS OF THE COVID 19 VIRUS//TURKEY VS GREECE AND CYPRUS///ISRAEL AND UAE SIGN PEACE TREATY AND WILL EACH HAVE DIPLOMATIC FACILITIES IN BOTH COUNTRIES//IN USA INITIAL JOBLESS CLAIMS LESS THAN ONE MILLION BUT STILL EXTREMELY HIGH
GOLD::$1,961.55 UP $23.15 The quote is London spot price (cash market)
Silver:$27,57 UP 1.76 London spot price ( cash market)
Your data:
Closing access prices: London spot
i)Gold : $1954.50 LONDON SPOT 4:30 pm
ii)SILVER: $27.50//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUGUST GOLD: $1956.50 CLOSE 1::30 PM SPREAD SPOT/FUTURE AUG (BACKWARD $5.50//)
OCT GOLD: $1964.20 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: : $2.65//SLIGHT CONTANGO//BELOW NORMAL CONTANGO/
DEC. GOLD $2072.70 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $16.20 ($ 4.20 ABOVE NORMAL CONTANGO)
CLOSING SILVER FUTURE MONTH
SILVER SEPT COMEX CLOSE; $27.48…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : 9 CENT PER OZ ( BACKWARD)
SILVER DECEMBER CLOSE: $27.69 1:30 PM SPREAD SPOT/FUTURE DEC. : 12 CENTS PER OZ ( NORMAL CONTANGO)
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 82/253
ISSUED 0
EXCHANGE: COMEX
CONTRACT: AUGUST 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,934.900000000 USD
INTENT DATE: 08/12/2020 DELIVERY DATE: 08/14/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 H GOLDMAN 32
104 C MIZUHO 14
135 H RAND 1
323 C HSBC 1
332 H STANDARD CHARTE 5
355 C CREDIT SUISSE 200 1
657 C MORGAN STANLEY 21
657 H MORGAN STANLEY 31
661 C JP MORGAN 61
661 H JP MORGAN 21
685 C RJ OBRIEN 1
686 C INTL FCSTONE 11
709 C BARCLAYS 15
732 C RBC CAP MARKETS 9
737 C ADVANTAGE 23 5
800 C MAREX SPEC 15 6
880 C CITIGROUP 1
880 H CITIGROUP 25
905 C ADM 2 5
____________________________________________________________________________________________
TOTAL: 253 253
MONTH TO DATE: 48,004
NUMBER OF NOTICES FILED TODAY FOR AUGUST CONTRACT: 253 NOTICE(S) FOR 25300 OZ (0.7869 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 48,004 NOTICES FOR 4,800,400 OZ (149.312 TONNES)
FOR AUGUST
88 NOTICE(S) FILED TODAY FOR 440,000 OZ/
total number of notices filed so far this month: 1267 for 6.335 MILLION oz
BITCOIN MORNING QUOTE $11,600 UP 12
BITCOIN AFTERNOON QUOTE.: $11,525 DOWN 39
GLD AND SLV INVENTORIES:
WITH GOLD UP $23.15 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/// //
THE FOLLOWING MAKES A LOT OF SENSE!!!
A HUGE PAPER WITHDRAWAL OF 7.30 TONNES FROM THE GLD///
GLD: 1,250.63 TONNES OF GOLD//
WITH SILVER UP $1.76 CENTS TODAY: AND WITH NO SILVER AROUND:
TWO HUGE CHANGES IN SILVER INVENTORY AT THE SLV:
A DEPOSIT OF 2.421 MILLION OZ// AT 2 PM
AND ANOTHER DEPOSIT OF 6.984 MILLION OZ AT 5:20
RESTING SLV INVENTORY TONIGHT:
SLV: 581.037 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 1403 CONTRACTS FROM 198,069 DOWN TO 196,666, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN OI OCCURRED WITH OUR STRONG 40 CENT LOSS IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO A SOME ATTEMPTED 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 AUGUST. WE HAD A SMALL NET LOSS IN OUR TWO EXCHANGES OF 463 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 GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: SEP 890 DEC: 50 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 940 CONTRACTS. WITH THE TRANSFER OF 904 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 940 EFP CONTRACTS TRANSLATES INTO 4.700 MILLION OZ ACCOMPANYING:
1.THE 40 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
86.470 MILLION OZ FINAL STANDING IN JULY.
6.430 MILLION OZ INITIAL STANDING IN AUGUST
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 40 CENTS ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS FROM THEIR POSITIONS. THE CONSIDERABLE LOSS AT THE COMEX WAS ACCOMPANIED BY : i) A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A SMALL INCREASE IN SILVER OZ STANDING FOR AUGUST, SOME ATTEMPTED BANKER SHORT COVERING AND 4) MINIMAL LONG LIQUIDATION AS WE DID HAVE A SMALL NET LOSS OF 463 CONTRACTS OR 2.315 MILLION OZ ON THE TWO EXCHANGES! YOU CAN BET THE FARM THAT OUR BANKERS ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..AND THUS THE REASON FOR OUR MASSIVE RAID THIS MORNING!!
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