by Harvey Organ, Harvey Organ Blog:
WILD DAY: FED’S FOMC DID WHAT WE SAID WOULD HAPPEN: THEY WILL LET INFLATION RUN ABOVE ITS 2% GUIDELINES: GOLD CARTEL COMES IN AND WHACKS GOLD A BIT WHILE LONDON IS ASLEEP//GOLD UP $4.90 TO $1962.25 BUT DOWN 4.00 DOLLARS IN THE ACCESS MARKET//SILVER DOWN 2 CENTS/ TIK TOK AFFAIRS VERY FLUID//CORONAVIRUS COMMENTARIES//SWAMP STORIES FOR YOU TONIGHT
GOLD:
$1962.25 UP $4.90 The quote is London spot price
Silver:$27.23 DOWN $0.02 London spot price ( cash market)
Closing access prices: London spot
i)Gold : $1958.20 LONDON SPOT 4:30 pm
ii)SILVER: $27.17//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
OCT GOLD: $1961.90 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: $0.35 CONTANGO//$2.75 BELOW NORMAL CONTANGO
DEC. GOLD $1970.40 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $8.15/ CONTANGO ( NORMAL CONTANGO)
CLOSING SILVER FUTURE MONTH
SILVER SEPT COMEX CLOSE; $27.35…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : ( 12 CENT CONTANGO// 12 CENTS ABOVE NORMAL CONTANGO)
SILVER DECEMBER CLOSE: $27.43 1:30 PM SPREAD SPOT/FUTURE DEC. : 20 CENTS PER OZ CONTANGO ( 12 CENTS ABOVE NORMAL CONTANGO)
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 0/17
issued:0
NUMBER OF NOTICES FILED TODAY FOR SEPT CONTRACT: 17 NOTICE(S) FOR 1700 OZ (0.0528 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 4208 NOTICES FOR 420800 OZ (13.088 tonnes)
206 NOTICE(S) FILED TODAY FOR 1,030,000 OZ/
total number of notices filed so far this month: 9544 for 47.720 MILLION oz
BITCOIN MORNING QUOTE $10861 UP 76
BITCOIN AFTERNOON QUOTE.: $10,982 UP 199
GLD AND SLV INVENTORIES:
WITH GOLD UP $4.90 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: 1,247.57 TONNES OF GOLD//
WITH SILVER DOWN $0.02 TODAY: AND WITH NO SILVER AROUND:
NO CHANGES IN SILVER INVENTORY AT THE SLV
RESTING SLV INVENTORY TONIGHT:
SLV: 558.749 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 FAIR 602 CONTRACTS FROM 161,795 UP TO 162,397, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR $0.11 RISE IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS DUE TO ATTEMPTED BUT FAILED BANKER SILVER SHORT COVERING.. COUPLED AGAINST A SMALL EXCHANGE FOR PHYSICAL : ZERO LONG LIQUIDATION, AND A STRONG INCREASE IN SILVER OZ STANDING AT THE COMEX FOR SEPT. WE HAD A GOOD NET GAIN IN OUR TWO EXCHANGES OF 966 CONTRACTS (SEE CALCULATIONS BELOW).
WE WERE NOTIFIED THAT WE HAD A STRONG NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: 340, AS WE HAD THE FOLLOWING ISSUANCE: SEP 0; DEC: 340, MARCH 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 340 CONTRACTS. THE BANKERS ARE NOW BEING BITTEN BY THOSE SERIAL FORWARDS (EFP’S CIRCULATING IN LONDON) ARE BEING EXERCISED AND COMING BACK TO NEW YORK FOR REDEMPTION OF METAL. THE COST TO OUR BANKERS IS HIGH BUT THEY HAVE NO CHOICE BUT TO ISSUE THEM!
HISTORY OF SILVER OZ STANDING AT THE COMEX FOR THE PAST 26 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.
6.475 MILLION OZ FINAL STANDING IN AUGUST
52.370 MILLION OZ INITIALLY STANDING IN SEPT
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 $0.47) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS. THE RAIDS THESE PAST SEVERAL DAYS WERE ORCHESTRATED BY THE BIS WITH MEGA ASSISTANCE FROM OUR CRIMINAL BANKERS. THEIR CHIEF AIM WAS TO REMOVE SPECULATORS FROM THEIR LONG POSITIONS.THEY FAILED AGAIN WITH TODAY’S TRADING…. WE ALSO HAD ii) A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A STRONG GAIN IN SILVER OZ STANDING FOR SEPTEMBER, 3) FAIR COMEX GAIN AND 4) ZERO LONG LIQUIDATION. YOU CAN BET THE FARM THAT OUR BANKERS ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..
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