CLOSE TO 150 TONNES OF GOLD STANDING AT THE GOLD COMEX

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by Harvey Organ, Harvey Organ Blog:

A LITTLE RAID ON EXTREMELY LIGHT VOLUME (HAS SOME OF OUR MAJOR TRADERS LEFT FOR LONDON?)//GOLD DOWN $11.20 TO $1726.40//SILVER DOWN 31 CENTS TO $17.95//CLOSE TO 150 TONNES OF GOLD STANDING AT THE GOLD COMEX//2.0 MILLION SILVER OZ STANDING AS WELL//CORONAVIRUS UPDATES//TED BUTLER…IMPORTANT PIECE///UPDATES ON THE VIOLENCE INSIDE THE USA

GOLD:$1726.40  DOWN $11.20   The quote is London spot price

Silver:$17.95 DOWN 31 CENTS//LONDON SPOT PRICE

Closing access prices:  London spot

 

i)Gold : $1727.80  LONDON SPOT  4:30 pm

 

ii)SILVER:  $18.08//LONDON SPOT  4:30 pm

CLOSING FUTURES PRICES:  KEY MONTHS

 

JUNE GOLD:  $1724  CLOSE 1.30 PM//   SPREAD SPOT (LONDON) VS/FUTURE JUNE: $-2.40.//(BACKWARDATION)

 

CLOSING SILVER FUTURE MONTH

 

 

JULY: 1:30 PM:              $1826//1:30 PM //SPREAD SPOT LONDON VS FUTURE JULY:      31 CENTS PER OZ//

 

the gold market continues to be broken as future prices are much higher than spot prices.  The comex is desperate to fix things but they have no available gold.

If one is to buy gold and or gold coins, the price is around $2800. usa per oz

and silver; $31.00 per oz//

 

LADIES AND GENTLEMEN: YOU ARE NOW WITNESSING FIRST HAND THE DIFFERENCE BETWEEN PAPER GOLD/SILVER AND THE REAL PHYSICAL STUFF!!

DO NOT PAY ANY ATTENTION TO WHAT THE CROOKS ARE DOING AT THE COMEX AND LONDON LBMA..PHYSICAL IS THE NAME OF THE GAME AND NOTHING ELSE

 

COMEX DATA

 

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

today RECEIVING: 2988

issued: 500 contracts

EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,737.800000000 USD
INTENT DATE: 06/01/2020 DELIVERY DATE: 06/03/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 3183 33
072 H GOLDMAN 1122
099 H DB AG 144
104 C MIZUHO 20
118 H MACQUARIE FUT 243
132 C SG AMERICAS 26
152 C DORMAN TRADING 6
159 C ED&F MAN CAP 1
167 C MAREX 9
190 H BMO CAPITAL 51
323 H HSBC 30
355 C CREDIT SUISSE 29
357 C WEDBUSH 13
363 H WELLS FARGO SEC 100
365 C ED&F MAN CAPITA 1
555 C BNP PARIBAS SEC 90
555 H BNP PARIBAS SEC 2000
624 C BOFA SECURITIES 128
657 C MORGAN STANLEY 14 314
657 H MORGAN STANLEY 737
661 C JP MORGAN 500 2716
661 H JP MORGAN 272
685 C RJ OBRIEN 15 14
686 C INTL FCSTONE 13 42
686 H INTL FCSTONE 125
690 C ABN AMRO 91 193
709 C BARCLAYS 2
732 C RBC CAP MARKETS 10 22
737 C ADVANTAGE 18 26
800 C MAREX SPEC 61 47
878 C PHILLIP CAPITAL 2 3
880 C CITIGROUP 16 6
905 C ADM 40 32
____________________________________________________________________________________________

TOTAL: 6,280 6,280
MONTH TO DATE: 42,016

 

NUMBER OF NOTICES FILED TODAY FOR  JUNE CONTRACT: 6280 NOTICE(S) FOR 628,000 OZ (19.533 tonnes)

 

TOTAL NUMBER OF NOTICES FILED SO FAR:  42,016 NOTICES FOR 4,201600 OZ  (130.6874 TONNES)

 

SILVER

 

FOR JUNE

 

10 NOTICE(S) FILED TODAY FOR  50,000  OZ/

total number of notices filed so far this month: 387 for 1,935,000 oz

 

BITCOIN MORNING QUOTE  $10120 DOWN $74

 

BITCOIN AFTERNOON QUOTE.: $9519  DOWN 671

 

GLD AND SLV INVENTORIES:

WITH GOLD DOWN $11.20 AND NO PHYSICAL TO BE FOUND ANYWHERE:

WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT:   WHERE ARE THEY GETTING THE “PHYSICAL”?

A HUGE CHANGE IN GOLD INVENTORY AT THE GLD// A PAPER DEPOSIT OF 5.26 TONNES OF GOLD INTO THE GLD//

 

GLD: 1,128.40 TONNES OF GOLD//

 

WITH SILVER DOWN 31 CENTS TODAY: AND WITH NO SILVER AROUND

 

A HUGE CHANGES IN SILVER INVENTORY AT THE SLV//

A HUMONGOUS 6.686 MILLION OZ OF SILVER ADDED TO THE SLV//

 

RESTING SLV INVENTORY TONIGHT:

 

SLV: 473.315  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 EXTREMELY STRONG SIZED 3754 CONTRACTS FROM 166,442 UP TO 170,099 AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED GAIN IN  OI OCCURRED WITH  OUR VERY STRONG 38 CENT GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE  GAIN IN COMEX OI IS DUE TO STRONG  BANKER SHORT COVERING PLUS A GOOD EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING  A HUGE INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE.  WE HAD A NET GAIN IN OUR TWO EXCHANGES OF 4044 CONTRACTS  (SEE CALCULATIONS BELOW).

 

WE HAVE ALSO WITNESSED A HUMONGOUS 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:  MAY: 0 AND JULY: 290  AND DEC 0 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  290 CONTRACTS. WITH THE TRANSFER OF 290 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 290 EFP CONTRACTS TRANSLATES INTO 1.450 MILLION OZ  ACCOMPANYING:

1.THE 38 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

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

2.000  MILLION OF INITIALLY STANDING FOR JUNE

 

MONDAY, 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 38 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS  WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY AMOUNT OF SILVER LONGS FROM THEIR POSITIONS. THE SMALL GAIN AT THE COMEX WAS ACCOMPANIED BY : i)  A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A HUGE INITIAL  SILVER OZ STANDING FOR JUNE,3) CONSIDERABLE BANKER SHORT COVERING  AND 4) ZERO LONG LIQUIDATION AS  WE DID HAVE A  NET GAIN OF 4069 CONTRACTS OR 20.345 MILLION OZ ON THE TWO EXCHANGES! YOU CAN BET THE FARM THAT OUR BANKER  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER

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