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RIOTING IN MAJOR USA CENTRES CONTINUE
by Harvey Organ, Harvey Organ Blog:
HUGE OUTSIDE DAY REVERSAL IN GOLD AND SILVER TOTALLY UPSETTING OUR BELEAGUERED BANKER CROOKS/// GOLD UP $8.20 TO $1927.40//SILVER UP 27 CENTS TO $26.84//HUGE INCREASE IN GOLD TONNAGE STANDING AT THE COMEX: TO 11 TONNES//CORONAVIRUS UPDATES SAT-TUESDAY/ CHINA VS USA//TURKEY VS GREECE ET AL//USA SENDS TROOPS TO LITHUANIA// INDIA VS CHINA//DOW TUMBLES 632 POINTS//NASDAQ DOWN 465 POINTS//RIOTING IN MAJOR USA CENTRES CONTINUE//MAJOR SWAMP STORIES FOR YOU TONIGHT
GOLD:$1927.40 UP $8.20 The quote is London spot price
Silver:$26.84 UP $.27 London spot price ( cash market)
On Thursday and Friday I wrote the following to you:
“We are now in the middle of the 3 or 4 day whacking of our precious metals. Tomorrow (Friday) is the jobs report and they generally whack around this announcement. Also Labour day is Monday and the day following is another day that they whack. No doubt the bankers are worried about the new physical exchange being developed in London through the auspices of the LME. The bankers need to be onside and they will do anything to get the speculators off their backs so that they can cover””
Well again for the 4th consecutive day, the crooks (along with Field General BIS) whacked our precious metals. However this time, our London boys were waiting in the weeds for the attack. They absorbed everything offered and then continued to buy. We had a rare outside day reversal. This occurs when we have a monstrous raid in price but then buying comes in and drives the price above the day’s starting point. The crooks were terribly mystified and heartbroken as their raid failed again. No doubt they will huddle amongst themselves and try and figure out how on earth they try and extricate themselves from the huge shortfall.
In our commodity report, the gold standing at the comex rose close to 11 tonnes as demand for metal continues unabated.
As per the comex commodity report, I wrote the following on Friday night:
“I would be willing to bet that the preliminary no. released at midnight tonight will also show a gain in oi in gold. Our banker friends are looking into an abyss!”
As you will see in this report, that proved to be correct.
I cannot wait to see midnight’s preliminary report it ought to be a doozy!!
here is your data for today.
H
Closing access prices: London spot
i)Gold : $1932.00 LONDON SPOT 4:30 pm
ii)SILVER: $26.65//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
OCT GOLD: $1936.80 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /:$1.20 CONTANGO : $1.80//BELOW NORMAL CONTANGO//
DEC. GOLD $1945.00 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $9.40/ CONTANGO ($2.60 BELOW NORMAL CONTANGO)
CLOSING SILVER FUTURE MONTH
SILVER SEPT COMEX CLOSE; $26.92…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : ( 8 CENTS BACKWARD)
SILVER DECEMBER CLOSE: $27.04 1:30 PM SPREAD SPOT/FUTURE DEC. : 20 CENTS PER OZ CONTANGO ( 8 CENTS ABOVE NORMAL CONTANGO)
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 134/274
issued 269
EXCHANGE: COMEX
CONTRACT: SEPTEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,923.900000000 USD
INTENT DATE: 09/04/2020 DELIVERY DATE: 09/09/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
118 H MACQUARIE FUT 1
135 H RAND 3
435 H SCOTIA CAPITAL 5
657 C MORGAN STANLEY 109
661 C JP MORGAN 269
661 H JP MORGAN 134
709 C BARCLAYS 8
709 H BARCLAYS 1
737 C ADVANTAGE 2 3
800 C MAREX SPEC 3
905 C ADM 10
____________________________________________________________________________________________
TOTAL: 274 274
MONTH TO DATE: 3,457
NUMBER OF NOTICES FILED TODAY FOR AUGUST CONTRACT: 274 NOTICE(S) FOR 27400 OZ (0.8522 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 3457 NOTICES FOR 345,700 OZ (10.752 tonnes)
359 NOTICE(S) FILED TODAY FOR 1,745,000 OZ/
total number of notices filed so far this month: 8814 for 44.070 MILLION oz
BITCOIN MORNING QUOTE $10020 DOWN 354
BITCOIN AFTERNOON QUOTE.: $10,000 DOWN 372
GLD AND SLV INVENTORIES:
WITH GOLD UP $8.20 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
NO CHANGES IN GOLD INVENTORY AT THE GLD…
GLD: 1,250.04 TONNES OF GOLD//
WITH SILVER UP $0.27 TODAY: AND WITH NO SILVER AROUND:
WE HAD NO CHANGES IN SILVER INVENTORY AT THE SLV//
RESTING SLV INVENTORY TONIGHT:
SLV: 564.799 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 LARGE 2395 CONTRACTS FROM 161,139 DOWN TO 158,744, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN OI OCCURRED WITH OUR $0.15 FALL IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS DUE TO CONSIDERABLE BANKER SILVER SHORT COVERING.. COUPLED AGAINST A VERY WEAK EXCHANGE FOR PHYSICAL ISSUANCE, SOME MINOR LONG LIQUIDATION, A SMALL DECREASE IN SILVER OZ STANDING AT THE COMEX FOR SEPT.. WE HAD A STRONG NET LOSS IN OUR TWO EXCHANGES OF 2345 CONTRACTS (SEE CALCULATIONS BELOW).
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