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BANKERS CALL ON OFFICIAL SECTOR (BIS) FOR A MASSIVE ATTACK ON OUR TWO PRECIOUS METALS
by Harvey Organ, Harvey Organ Blog:
HUGE RAID//BANKERS CALL ON OFFICIAL SECTOR (BIS) FOR A MASSIVE ATTACK ON OUR TWO PRECIOUS METALS// GOLD DOWN XX //SILVER DOWN
GOLD:$1,937.40 DOWN $92.40 The quote is London spot price (cash market)
Silver:$26.21// DOWN 3.25 London spot price ( cash market)
Closing access prices: London spot
i)Gold : $1910.00 LONDON SPOT 4:30 pm
ii)SILVER: $24.78//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUGUST GOLD: $1932.50 CLOSE 1::30 PM SPREAD SPOT/FUTURE AUG (BACKWARD $5.10)
OCT GOLD: $2038.90 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: : $1.50//CONTANGO//BELOW NORMAL CONTANGO $1.50
DEC. GOLD $2046.20 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $8.80 ($ BELOW NORMAL CONTANGO)
CLOSING SILVER FUTURE MONTH
SILVER SEPT COMEX CLOSE; $26.20…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : 1 CENT PER OZ ( BACKWARDS)
SILVER DECEMBER CLOSE: $26.38 1:30 PM SPREAD SPOT/FUTURE DEC. : 17 CENTS PER OZ ( 5 CENTS ABOVE NORMAL CONTANGO)
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 708/2359
issued: 33
EXCHANGE: COMEX
CONTRACT: AUGUST 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,024.400000000 USD
INTENT DATE: 08/10/2020 DELIVERY DATE: 08/12/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 1333 5
072 H GOLDMAN 383
104 C MIZUHO 167
118 H MACQUARIE FUT 3
132 C SG AMERICAS 573
135 H RAND 2
159 C ED&F MAN CAP 1
226 C DIRECT ACCESS 1
323 C HSBC 12
332 H STANDARD CHARTE 62
355 C CREDIT SUISSE 14
365 C ED&F MAN CAPITA 1
657 C MORGAN STANLEY 56
657 H MORGAN STANLEY 297
661 C JP MORGAN 33 456
661 H JP MORGAN 252
686 C INTL FCSTONE 1 2
690 C ABN AMRO 231 31
700 C UBS 59
709 C BARCLAYS 185
709 H BARCLAYS 5
730 C PTG DIVISION SG 1
732 C RBC CAP MARKETS 6
737 C ADVANTAGE 2 29
800 C MAREX SPEC 183 14
880 C CITIGROUP 8
880 H CITIGROUP 302
905 C ADM 8
____________________________________________________________________________________________
TOTAL: 2,359 2,359
MONTH TO DATE: 46,280
NUMBER OF NOTICES FILED TODAY FOR AUGUST CONTRACT: 2359 NOTICE(S) FOR 235,900 OZ (7.334 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 46,280 NOTICES FOR 4,628,000 OZ (143.95 TONNES)
FOR AUGUST
16 NOTICE(S) FILED TODAY FOR 80,000 OZ/
total number of notices filed so far this month: 1147 for 5.735 MILLION oz
BITCOIN MORNING QUOTE $11,686 DOWN 286
BITCOIN AFTERNOON QUOTE.: $11,409 DOWN 483
GLD AND SLV INVENTORIES:
WITH GOLD DOWN $92.40 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: 1,262/12 TONNES OF GOLD//
WITH SILVER DOWN $3.25 CENTS TODAY: AND WITH NO SILVER AROUND:
A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.141 MILLION OZ//
RESTING SLV INVENTORY TONIGHT:
SLV: 571,632 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 STRONG SIZED 1575 CONTRACTS FROM 207,490 DOWN TO 205489, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN OI OCCURRED DESPITE OUR STRONG $1.87 GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO A FAILED BANKER SHORT COVERING PLUS A STRONG EXCHANGE FOR PHYSICAL ISSUANCE, MINIMAL LONG LIQUIDATION, ACCOMPANYING A ZERO DECREASE IN SILVER OZ. STANDING AT THE COMEX FOR AUGUST. WE HAD A TINY NET LOSS IN OUR TWO EXCHANGES OF 575 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: SEP 950 DEC: 50 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1000 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 1000 EFP CONTRACTS TRANSLATES INTO 5.000 MILLION OZ ACCOMPANYING:
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