ECB PLANNING A MAJOR STIMULUS IN SEPTEMBER AND THAT FRIGHTENED THE EUROPEAN BANKS AND THE EURO

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by Harvey Organ, Harvey Organ Blog:

RAID ON GOLD AND SILVER FAIL AGAIN EVEN THOUGH THE DOW REGAINS 100 POINTS OF ITS LOSS YESTERDAY: GOLD UP $3.55 TO $1520.75//SILVER LOSES 2 CENTS TO $15.24//GLD GETS BACK A HUGE 7.63 TONNES OF PAPER GOLD LOST YESTERDAY..WHAT CROOKS!!//VOLUMES AT THE SILVER COMEX ARE BECOMING SURREAL AT 100,00 PLUS EVERY SINGLE TRADING DAY//CHINA’S MOUTHPIECE IS HOPING THAT TRUMP WILL MEET CHINA HALF WAY: TRUMP STATES IT IS EITHER HIS WAY OR NO WAY//ECB PLANNING A MAJOR STIMULUS IN SEPTEMBER AND THAT FRIGHTENED THE EUROPEAN BANKS AND THE EURO:THIS WOULD PUT EUROPE DEEPLY INTO NEGATIVE RATES AND THUS GOOD FOR GOLD AND SILVER//ARGENTINA TOTALLY COLLAPSES WITH THE PESO OVER 60 TO ONE AND THE BOND PRICES FALTER TERRIBLY//JEFFEREY EPSTEIN MOST LIKELY WAS STRANGLED AND THUS NOT A SUICIDE..MORE TESTS NEED TO BE DONE

GOLD:$1520.75  UP $3.55(COMEX TO COMEX CLOSING

 

 

 

 

 

 

 

 

 

 

 

Silver: $17.24 DOWN 2 CENTS  (COMEX TO COMEX CLOSING)/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Closing access prices:

 

 

REPORT THIS AD

Gold : $1523.50

 

silver:  $17.27

it seems that our bankers have a derivative problem around $1520 gold and $1720 silver.
another problem for the bankers is the extreme volumes witnessing silver at well over 100,000 contracts.  e.g, confirmed volume yesterday is 132,573 contracts which equals 662 million oz or 94.6 % of annual silver production ex China ex Russia.  Commodity law states that we should have only 3% of any commodity represented in the future.  The risk of course is if a major buyer or sovereign takes the crooks up on their offer of Exchange for Physicals and actually asks for physical metal.

we are coming very close to a commercial failure!!

 

 

 

 

 

 

COMEX DATA

 

 

 

 

 

JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)

today RECEIVING 342/749

NUMBER OF NOTICES FILED TODAY FOR  AUGUST CONTRACT: 749 NOTICE(S) FOR 74900 OZ (2.3297 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  5201 NOTICES FOR 520,100 OZ  (16.177 TONNES)

 

 

 

SILVER

 

FOR AUGUST

 

 

138 NOTICE(S) FILED TODAY FOR 690,000  OZ/

REPORT THIS AD

 

total number of notices filed so far this month: 1946 for   9,730,000 oz

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Bitcoin: OPENING MORNING TRADE :  $ 9870 UP 109

 

 

 

Bitcoin: FINAL EVENING TRADE: $ 10,104 UP 47

 

 

 

Let us have a look at the data for today

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IN SILVER THE COMEX OI FELL BY A SMALL  SIZED 744 CONTRACTS FROM 233,839 DOWN TO 233,095… DESPITE THE STRONG  27 CENT GAIN IN SILVER PRICING AT THE COMEX.

TODAY WE ARRIVED CLOSER TO  AUGUST’S 2018  RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.

WE HAVE ALSO WITNESSED A LARGE 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 HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,

FOR AUGUST, FOR SEPT: 2700, AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  2700 CONTRACTS. WITH THE TRANSFER OF 2700 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 2700 EFP CONTRACTS TRANSLATES INTO 13.50 MILLION OZ  ACCOMPANYING:

1.THE 27 CENT GAIN 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

9.770   MILLION OZ INITIAL STANDING IN AUGUST.

WE HAD ATTEMPTED COVERING OF BANKER SHORTS AT THE SILVER COMEX YESTERDAY WITH SOME SUCCESS..AND WE HAD LITTLE IF ANY SPREADING ACCUMULATION.

 

MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:

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FOR NEWCOMERS, HERE IS THE MODUS OPERANDI OF THE CORRUPT BANKERS WITH RESPECT TO THEIR SPREAD/TRADING.

 

 

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:

 

 

“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO SILVER AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.

HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF AUGUST HEADING TOWARDS THE VERY ACTIVE DELIVERY MONTH OF SEPTEMBER FOR SILVER.

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES, HERE IS THE BANKERS MODUS OPERANDI:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST IS STARTING TO RISE IN THIS NON ACTIVE MONTH OF AUGUST BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVERWILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (SEPT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY.  THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END  OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

 

 

 

 

 

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF AUGUST:

22,330 CONTRACTS (FOR 11 TRADING DAYS TOTAL 22,320 CONTRACTS) OR 111.600 MILLION OZ: (AVERAGE PER DAY: 2029 CONTRACTS OR 10.24 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF AUGUST:  111.600 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 15.94% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*  JUNE’S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP’S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.

ACCUMULATION IN YEAR 2019 TO DATE SILVER EFP’S:          1424.155   MILLION OZ.

JANUARY 2019 EFP TOTALS:                                                      217.455. MILLION OZ

FEB 2019 TOTALS:                                                                       147.4     MILLION OZ/

MARCH 2019 TOTAL EFP ISSUANCE:                                          207.835 MILLION OZ

APRIL 2019 TOTAL EFP ISSUANCE:                                              182.87  MILLION OZ.

MAY 2019: TOTAL EFP ISSUANCE:                                                136.55 MILLION OZ

JUNE 2019 , TOTAL EFP ISSUANCE:                                               265.38 MILLION OZ

JULY 2019   TOTAL EFP ISSUANCE:                                                175.74 MILLION OZ

RESULT: WE HAD A SMALL SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 744, DESPITE THE 27 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY… THE CME NOTIFIED US THAT WE HAD A  HUGE SIZED EFP ISSUANCE OF 2700 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER (SEE COMEX DATA) .

 

TODAY WE GAINED A VERY STRONG  SIZED: 1956 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: 

i.e 2700 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH DECREASE OF 744  OI COMEX CONTRACTS. AND ALL OF THIS  DEMAND HAPPENED WITH A 27 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $17.26 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY!! 

 

 

In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.168 BILLION OZ TO BE EXACT or 167% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT AUGUST MONTH/ THEY FILED AT THE COMEX: 138 NOTICE(S) FOR 690,000 OZ OF SILVER

IN SILVER,PRIOR TO TODAY, WE  SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018.  AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.78.  

AND NOW WE ARE WITHIN A WHISKER OF ANOTHER ALL TIME RECORD OPEN INTEREST AT THE COMEX OF 244,169  BUT THIS TIME  THE PRICE OF SILVER YESTERDAY WAS $17.18 AND HIGHER IN PRICE THAN PREVIOUS RECORDS.

ON THE DEMAND SIDE WE HAVE THE FOLLOWING:

 

 

  1. HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY  (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ  MAY: 36.285 MILLION OZ ; JUNE/2018  (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ   )  FOR AUGUST 6.065 MILLION OZ. , SEPT:  A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz  NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ   JANUARY AT  5.825 MILLION OZ.AND FEB 2019:  2.955 MILLION OZ/ MARCH: 27.120 MILLION OZ/  APRIL AT 3.875 MILLION OZ/ A MAY:  18.845 MILLION OZ..JUNE 2.660 MILLION OZ//JULY 22.605 MILLION OZ; AUGUST 9.770 MILLION OZ
  2. CLOSE TO THE RECORD OPEN INTEREST IN SILVER 244,169 CONTRACTS (OR 1.228 BILLION OZ/, THE PREVIOUS RECORD WAS SET IN AUGUST 22/2018:  244,196 CONTRACTS,  WITH A SILVER PRICE OF $14.78//.
  3. HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017 RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLION OZ/  AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ

AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND.  TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN  (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)

 

 

 

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A GOOD SIZED 4944 CONTRACTS, TO 598,906 ACCOMPANYING THE STRONG $13.60 PRICING GAIN WITH RESPECT TO COMEX GOLD PRICING YESTERDAY// //THE SPREADING ACCUMULATION OPERATION HAS NOW COMMENCED  ONLY FOR SILVER AS LITTLE WAS ACCOMPLISHED IN THAT ENDEAVOUR TODAY….. THE LIQUIDATION( AND ACCUMULATION) PHASE FOR COMEX OI GOLD HAS NOW STOPPED FOR THE AUGUST CONTRACT MONTH

 

 

 

 

 

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A STRONG SIZED 7414 CONTRACTS:

AUGUST 2019: CONTRACTS, DEC>  7414 CONTRACTS AND ALL OTHER MONTHS ZERO.  The NEW COMEX OI for the gold complex rests at 598,906,,.  ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER  AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.

IN ESSENCE WE HAVE A VERY STRONG SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 12,358 CONTRACTS: 4944 CONTRACTS INCREASED AT THE COMEX  AND 7414 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN OF 12,358 CONTRACTS OR 1,235,800 OZ OR 38.44 TONNES.  YESTERDAY WE HAD A STRONG GAIN OF $13.60 IN GOLD TRADING….AND WITH THAT GOOD GAIN IN  PRICE, WE  HAD A STRONG GAIN IN GOLD TONNAGE OF 38.44  TONNES!!!!!! THE BANKERS WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER.THERE WAS NO APPRECIABLE SHORT COVERING IN THE GOLD COMEX ARENA AS MANY OF THE LONGS DEMANDING METAL JUST MORPHED INTO LONDON BASED FORWARDS. 

 

 

 

 

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF AUGUST : 132,256 CONTRACTS OR 13,225,600 oz OR 411.37 TONNES (11 TRADING DAY AND THUS AVERAGING: 12,033 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 11 TRADING DAY IN  TONNES: 411.37 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 411.37/3550 x 100% TONNES =11.58% OF GLOBAL ANNUAL PRODUCTION

 

ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE:     3922.60  TONNES

JANUARY 2019 TOTAL EFP ISSUANCE;   531.20 TONNES

FEB 2019 TOTAL EFP ISSUANCE:             344.36 TONNES

MARCH 2019 TOTAL EFP ISSUANCE:       497.16 TONNES

APRIL 2019 TOTAL ISSUANCE:                 456.10 TONNES

MAY 2019 TOTAL ISSUANCE:                    449.10 TONNES

JUNE 2019 TOTAL ISSUANCE:                   642.22 TONNES

JULY 2019: TOTAL ISSUANCE:                    591.56 TONNES

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS.  ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM.  IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE

 

Result: A CONSIDERABLE SIZED INCREASE IN OI AT THE COMEX OF 4944 WITH THE STRONG  PRICING GAIN THAT GOLD UNDERTOOK YESTERDAY($13.60)) //.WE ALSO HAD  A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7414 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED.   THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX.  I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 7414 EFP CONTRACTS ISSUED, WE  HAD A VERY STRONG  SIZED GAIN OF 12,358 CONTRACTS IN TOTAL OPEN INTEREST  ON THE TWO EXCHANGES:

7,414 CONTRACTS MOVE TO LONDON AND 4944 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 38,44 TONNES). ..AND THIS HUGE INCREASE OF  DEMAND OCCURRED WITH THE GAIN IN PRICE OF $13.60 WITH RESPECT TO YESTERDAY’S TRADING AT THE COMEX. WE HAVE NOW COMMENCED WITH SPREADING ACCUMULATION OF SILVER OI CONTRACTS IN THIS MONTH OF AUGUST BUT ZERO OCCURRED YESTERDAY.. ALL SPREADING ACTIVITY IN GOLD HAS STOPPED DURING THIS ACTIVE DELIVERY MONTH OF AUGUST.

 

 

 

 

 

 

we had:  749 notice(s) filed upon for 74,900 oz of gold at the comex.

 

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With respect to our two criminal funds, the GLD and the SLV:

GLD…

WITH GOLD UP $3.55 TODAY//(COMEX-TO COMEX)

WE GOT BACK 7.63 PAPER TONNES OUT OF 11.11 LOST YESTERDAY

(A DEPOSIT OF 7.63 TONNES)

 

 

INVENTORY RESTS AT 844.29 TONNES

 

 

 

TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD.  IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY

SLV/

 

WITH SILVER DOWN 2 CENTS TODAY:

 

A HUGE CHANGE IN SILVER INVENTORY AT THE SLV

ANOTHER WHOPPING 3.977 MILLION OZ PAPER DEPOSIT INTO THE SLV

 

/INVENTORY RESTS AT 380.154 MILLION OZ.

 

 

 

 

 

end

 

OUTLINE OF TOPICS TONIGHT

 

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in SILVER FELL BY A SMALL SIZED 744 CONTRACTS from 233,839 DOWN TO 233,095 AND FURTHER FROM A  NEW COMEX RECORD.  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  2 YEARS AGO.  THE PRICE OF SILVER ON THAT DAY: $17.89.  AS YOU CAN SEE, WE HAVE RECORDED HIGH OPEN INTERESTS IN SILVER  ACCOMPANIED BY A CONTINUAL LOWER PRICE WHEN THAT RECORD WAS SET EXCEPT TODAY AS WE HAD A RISING PRICE..OUR SHORT DERIVATIVE BANKERS ARE NOW IN DEEP TROUBLE AS THEY ARE TERRIBLY OFFSIDE AND NEED ASSISTANCE FROM THE GOVERNMENT (FED) TO PROVIDE THE NECESSARY COLLATERAL TO CARRY THAT SHORT POSITION…..THE SPREADERS HAVE COMMENCED THEIR ACCUMULATION OF OPEN INTEREST CONTRACTS IN SILVER FOR THE MONTH OF AUGUST, ALTHOUGH NEGLIGIBLE ACTIVITY YESTERDAY, AND THEY STOPPED ALL  SPREADING ACTIVITY  IN COMEX GOLD FOR THE MONTH OF AUGUST.

 

 

 

 

 

EFP ISSUANCE: 

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:

 FOR AUGUST: 0, FOR SEPT. 2700  AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 2700 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE OI LOSS AT THE COMEX OF 744  CONTRACTS TO THE 2700 OITRANSFERRED TO LONDON THROUGH EFP’S,  WE OBTAIN A STRONG SIZED GAIN OF 1956 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES: 9.78 MILLION OZ!!!AND YET WE ALSO HAVE A STRONG DEMAND FOR PHYSICAL AS WE WITNESSED A FINAL STANDING OF GREATER THAN 30 MILLION OZ FOR JULY, A STRONG 7.475 MILLION OZ FOR AUGUST..  A HUGE 39.505  MILLION OZ  STANDING FOR SILVER IN SEPTEMBER… OVER 2 million  OZ STANDING FOR THE NON ACTIVE MONTH OF OCTOBER.,  7.440 MILLION OZ FINALLY STANDING IN NOVEMBER.  21.925 MILLION OZ STANDING IN DECEMBER , 5.845 MILLION OZ STANDING IN JANUARY. 2.955 MILLION OZ STANDING IN FEBRUARY,  27.120 MILLION OZ FOR MARCH., 3.875 MILLION OZ FOR APRIL  18.765 MILLION OZ FOR MAY  NOW 2.660 MILLION OZ FOR JUNE WITH JULY AT 22.605 MILLION OZ; AUGUST AT 9.770 MILLION OZ//

 

 

RESULT: A SMALL SIZED DECREASE IN SILVER OI AT THE COMEX WITH THE 27 CENT GAIN IN PRICING THAT SILVER UNDERTOOK IN PRICING// YESTERDAY. WE ALSO HAD A STRONG SIZED 2700 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE STRONG  SIZED AMOUNT OF SILVER OUNCES STANDING FOR THIS MONTH, DEMAND FOR PHYSICAL SILVER CONTINUES TO INTENSIFY AS WE WITNESS SEVERE BACKWARDATION IN SILVER IN LONDON.

BOTH THE SILVER COMEX AND THE GOLD COMEX ARE IN STRESS AS THE BANKERS SCOUR THE BOWELS OF THE EXCHANGE FOR METAL

 

 

(report Harvey)

.

 

2 ) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

I)THURSDAY MORNING/ WEDNESDAY NIGHT:

SHANGHAI CLOSED UP 6.88 POINTS OR 0.25%  //Hang Sang CLOSED UP 193.18 POINTS OR 0.76%   /The Nikkei closed DOWN 249.49 POINTS OR 1.21%//Australia’s all ordinaires CLOSED DOWN 2.80%

/Chinese yuan (ONSHORE) closed DOWN  at 7.0399 /Oil UP TO 54.39 dollars per barrel for WTI and 58.30 for Brent. Stocks in Europe OPENED RED//  ONSHORE YUAN CLOSED DOWN // LAST AT 7.0399 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 7.0555 TRADE TALKS STALL//YUAN LEVELS GETTING DANGEROUSLY CLOSE TO 7:1//TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED  /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

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