by Harvey Organ, Harvey Organ Blog:
BIS ORCHESTRATED RAID, FRONT RUNNING BY JPMORGAN AND FRIENDS//GOLD DOWN $34.00 TO $1938.70//SILVER DOWN $1.04 TO $27.22//GOLD TONNAGE AND SILVER OZ INCREASE IN STANDING AT THE COMEX//CHINA VS USA//CORONAVIRUS UPDATES// IN USA:ADP JOBS REPORT DISAPPOINTS/FACTORY ORDERS SLIGHTLY INCREASE//INTERESTING SWAMP STORIES FOR YOU TONIGHT
GOLD:$1938.70 DOWN $34.00 The quote is London spot price
Silver:$27.22 DOWN $1.04 London spot price ( cash market)
Closing access prices: London spot
i)Gold : $1942.60 LONDON SPOT 4:30 pm
ii)SILVER: $27.44//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
SEPT GOLD: $XXX CLOSE 1::30 PM SPREAD SPOT/FUTURE XXX//) //
OCT GOLD: $1937.50 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: : $1.20//BACKWARD//
DEC. GOLD $1945.00 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $6.30/ CONTANGO ($5.70 BELOW NORMAL CONTANGO)
CLOSING SILVER FUTURE MONTH
SILVER SEPT COMEX CLOSE; $27.25…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : ( 3 cents contango//0 CENTS ABOVE NORMAL contango)
SILVER DECEMBER CLOSE: $27.76 1:30 PM SPREAD SPOT/FUTURE DEC. : 54 CENTS PER OZ CONTANGO ( 40 CENTS ABOVE NORMAL CONTANGO)
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 0/18
issued 0
EXCHANGE: COMEX
CONTRACT: SEPTEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,968.200000000 USD
INTENT DATE: 09/01/2020 DELIVERY DATE: 09/03/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
624 C BOFA SECURITIES 1 2
657 C MORGAN STANLEY 2 2
657 H MORGAN STANLEY 5
709 C BARCLAYS 8
709 H BARCLAYS 1
737 C ADVANTAGE 3
800 C MAREX SPEC 6
905 C ADM 6
____________________________________________________________________________________________
TOTAL: 18 18
MONTH TO DATE: 2,233
NUMBER OF NOTICES FILED TODAY FOR AUGUST CONTRACT: 18 NOTICE(S) FOR 1800 OZ (0.0559 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 2233 NOTICES FOR 223300 OZ (6.9455 tonnes)
470 NOTICE(S) FILED TODAY FOR 2,350,000 OZ/
total number of notices filed so far this month: 7723 for 38.615 MILLION oz
BITCOIN MORNING QUOTE $11,328 UP 517
BITCOIN AFTERNOON QUOTE.: $11,351 UP 569
GLD AND SLV INVENTORIES:
WITH GOLD DOWN $34.00 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
TWO CHANGES IN GOLD INVENTORY AT THE GLD// A WITHDRAWAL OF .87 TONNES FROM THE GLD AND ANOTHER WITHDRAWAL OF.59 TONNES
GLD: 1,250.04 TONNES OF GOLD//
WITH SILVER DOWN $1.04 TODAY: AND WITH NO SILVER AROUND:
A HUGE CHANGE IN INVENTORY AT THE SLV/// A WITHDRAWAL OF 2.365 MILLION OZ FROM THE SLV
RESTING SLV INVENTORY TONIGHT:
SLV: 571.688 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 STRONG SIZED 906 CONTRACTS FROM 165,543 DOWN TO 166,449, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR 9 CENT RISE IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS DUE TO ATTEMPTED BANKER SILVER SHORT COVERING.. COUPLED AGAINST A STRONG EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, A GOOD GAIN IN SILVER OZ STANDING AT THE COMEX FOR SEPT.. WE HAD A CONSIDERABLE NET GAIN IN OUR TWO EXCHANGES OF 2571 CONTRACTS (SEE CALCULATIONS BELOW).
WE HAVE ALSO WITNESSED A STRONG 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: SEP 0; DEC: 1665, MARCH 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1655 CONTRACTS. WITH THE TRANSFER OF 1655 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 1655 EFP CONTRACTS TRANSLATES INTO 8.325 MILLION OZ ACCOMPANYING:
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