by Harvey Organ, Harvey Organ Blog:
ANOTHER RAID TODAY: GOLD DOWN $7.20 TO $1932.70//SILVER DOWN 18 CENTS TO $26.45//COMEX GOLD STANDING NORTH OF 152 TONNES//CORONAVIRUS UPDATES FROM SATURDAY -MONDAY//CHINA VS USA//DEVASTATING USA ECONOMIC STORIES//SWAMP STORIES FOR YOU TONIGHT
GOLD::$1932.70 DOWN $7.20 The quote is London spot price
Silver:$26.45 DOWN $0.18 London spot price ( cash market)
Today marks the 7TH day out of the last 10 days that a raid has been orchestrated by the bankers..
Wednesday is options expiry on the Comex. A raid tomorrow is all but guaranteed.
Monday is options expiry OTC /London LBMA 10 am. Expect our precious metals prices to be whacked during this time period.
DEFINITION OF INSANITY:
“Insanity is doing the same thing over and over and expecting different results.” That witticism—I’ll call it “Einstein Insanity”—is usually attributed to Albert Einstein.Sep 23, 2015
fits perfectly here with respect to official sector/banker raids
Closing access prices: London spot
i)Gold : $1928.70 LONDON SPOT 4:30 pm
ii)SILVER: $26.60//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUGUST GOLD: $1928.20 CLOSE 1::30 PM SPREAD SPOT/FUTURE AUG (BACKWARD $4.50//)
OCT GOLD: $1931.40 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: : $1.10//BACKWARD/
DEC. GOLD $1939.10 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $6.10/ CONTANGO ($5.90 BELOW NORMAL CONTANGO)
CLOSING SILVER FUTURE MONTH
SILVER SEPT COMEX CLOSE; $26.61…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : ( 16 cent contango//13 CENTS ABOVE NORMAL contango)
SILVER DECEMBER CLOSE: $27.77 1:30 PM SPREAD SPOT/FUTURE DEC. : 32 CENTS PER OZ ( 20 CENTS ABOVE NORMAL CONTANGO)
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 3/68
issued 0
EXCHANGE: COMEX
CONTRACT: AUGUST 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,934.600000000 USD
INTENT DATE: 08/21/2020 DELIVERY DATE: 08/25/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
657 C MORGAN STANLEY 8 40
657 H MORGAN STANLEY 12
661 C JP MORGAN 3
685 C RJ OBRIEN 1
686 C INTL FCSTONE 11
690 C ABN AMRO 10
737 C ADVANTAGE 46 2
905 C ADM 2 1
____________________________________________________________________________________________
TOTAL: 68 68
MONTH TO DATE: 48,778
NUMBER OF NOTICES FILED TODAY FOR AUGUST CONTRACT: 68 NOTICE(S) FOR 6800 OZ (0.2115 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 48,778 NOTICES FOR 4,877800 OZ + 2400 oz enhanced standing = 48002 notices or 4800200 oz (151.794 tonnes
0 NOTICE(S) FILED TODAY FOR nil OZ/
total number of notices filed so far this month: 1278 for 6.390 MILLION oz
BITCOIN MORNING QUOTE $11,796 UP 147
BITCOIN AFTERNOON QUOTE.: $11,695 DOWN 162
GLD AND SLV INVENTORIES:
WITH GOLD DOWN $7.20 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: 1,252.38 TONNES OF GOLD//
WITH SILVER DOWN $0.18 CENTS TODAY: AND WITH NO SILVER AROUND:
A HUGE CHANGES IN SILVER INVENTORY AT THE SLV//
SURPRISINGLY: A DEPOSIT OF 838,000 OZ INTO THE SLV//
RESTING SLV INVENTORY TONIGHT:
SLV: 573.681 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 SMALL SIZED 851 CONTRACTS FROM 191,942 DOWN TO 191,091, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE SMALL LOSS IN OI OCCURRED DESPITE OUR STRONG 30 CENT FALL IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO TINY BANKER SHORT COVERING (IF ANY) COUPLED AGAINST A GOOD EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, WITH A SMALL INCREASE IN SILVER OZ. STANDING AT THE COMEX FOR AUGUST. WE HAD A FAIR NET GAIN IN OUR TWO EXCHANGES OF 562 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 995 DEC: 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 995 CONTRACTS. WITH THE TRANSFER OF 995 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 995 EFP CONTRACTS TRANSLATES INTO 4.975 MILLION OZ ACCOMPANYING:
1.THE 30 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.
6.470 MILLION OZ INITIAL STANDING IN AUGUST
FRIDAY, 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 30 CENTS ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE BASICALLY UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS FROM THEIR POSITIONS. THEY ENGAGED IN MINOR BANKER SHORT COVERING (IF ANY) BUT JUDGING FROM THE GAIN ON THE TWO EXCHANGES, THEY COULD NOT COVER MUCH… THUS: THE SMALL SIZED 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, MINOR BANKER SHORT COVERING (IF ANY) AND 4) ZERO LONG LIQUIDATION AS WE DID HAVE A NET GAIN OF 144 CONTRACTS OR 0.722 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!!
SPREADING OPERATIONS/NOW SWITCHING TO SILVER
OUR SPREADING OPERATION HAS NOW SWITCHED INTO GOLD…..
SPREADING OPERATION FOR OUR NEWCOMERS:
FOR NEWCOMERS, HERE ARE THE DETAILS:
SPREADING LIQUIDATION HAS NOW COMMENCED IN SILVER AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF SEPT.
FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;
THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR GOLD..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR SILVER. THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE
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