HUGE FAKE GOLD SCANDAL IN CHINA AS 83 TONNES OF COPPER GILDED GOLD UNCOVERED

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by Harvey Organ, Harvey Organ Blog:

GOLD UP $2.90 TO $1767.00//SILVER DOWN ONE CENT TO $17.81//OPTIONS EXPIRY FOR OTC/LBMA TOMORROW//FIRST DAY NOTICE TOMORROW/GOLD TONNAGE STANDING AT THE COMEX; 171.4 TONNES/HUGE FAKE GOLD SCANDAL IN CHINA AS 83 TONNES OF COPPER GILDED GOLD UNCOVERED//CORONAVIRUS UPDATES FROM SATURDAY-MONDAY// LOCUSTS SWARM SARDINIA//HEADING TO ARGENTINA AND BRAZIL//.HAMAS , HEZBOLLAH AND IRAN READY FOR WAR AGAINST ISRAEL//CHESAPEAKE AND CIRQUE DU SOLEIL FILE FOR BANKRUPTCY PROTECTION

GOLD::$1767.00  UP $2.90   The quote is London spot price

Silver:$17.81//DOWN 1 CENT  London spot price

LBMA/OTC OPTIONS EXPIRE JUNE 30//

Closing access prices:  London spot

i)Gold : $1772.95  LONDON SPOT  4:30 pm

 

ii)SILVER:  $17.86//LONDON SPOT  4:30 pm

CLOSING FUTURES PRICES:  KEY MONTHS

AUG GOLD:  $1798.00  CLOSE 1.30 PM//   SPREAD SPOT/FUTURE JUNE: $28.00

 

CLOSING SILVER FUTURE MONTH

SILVER JULY COMEX CLOSE;   $17.98…1:30 PM.//SPREAD SPOT/FUTURE JULY//  :  17 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 $2600. usa per oz

and silver; $29.00 per oz//

 

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

 

COMEX DATA

 

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

today RECEIVING:  136/208

issued 128

EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,772.500000000 USD
INTENT DATE: 06/26/2020 DELIVERY DATE: 06/30/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
152 C DORMAN TRADING 5
657 C MORGAN STANLEY 6
661 C JP MORGAN 128 131
661 H JP MORGAN 5
686 C INTL FCSTONE 29
690 C ABN AMRO 30 10
737 C ADVANTAGE 14
800 C MAREX SPEC 50
905 C ADM 5
991 H CME 3
____________________________________________________________________________________________

TOTAL: 208 208
MONTH TO DATE: 55,101

NUMBER OF NOTICES FILED TODAY FOR  JUNE CONTRACT: 208 NOTICE(S) FOR 20800 OZ (0.6469 tonnes)

 

TOTAL NUMBER OF NOTICES FILED SO FAR:  55,101 NOTICES FOR 5,510,100 OZ  (171.38 TONNES)

 

SILVER

 

FOR JUNE

 

0 NOTICE(S) FILED TODAY FOR nil  OZ/

total number of notices filed so far this month: 441 for 2,205,000 oz

 

BITCOIN MORNING QUOTE  $9080  DOWN 31  

 

BITCOIN AFTERNOON QUOTE.: $9147 UP $29

 

GLD AND SLV INVENTORIES:

WITH GOLD UP $2.90 AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

A MONSTROUS (CRIMINAL) CHANGE IN GOLD INVENTORY AT THE GLD// A DEPOSIT  3.61 TONNES OF GOLD

 

GLD: 1,178.90 TONNES OF GOLD//

 

WITH SILVER DOWN 1 CENT TODAY: AND WITH NO SILVER AROUND

TWO CHANGES IN SILVER INVENTORY AT THE SLV.

A SMALL PAPER WITHDRAWAL OF 0.466 MILLION OZ OUT OF THE SLV///

AND THIS IS TO PAY FOR STORAGE FEES AND INSURANCE,

AND A HUGE 1.212 MILLION OZ OF A DEPOSIT INTO THE SLV//

 

RESTING SLV INVENTORY TONIGHT:

 

SLV: 492.604  MILLION OZ./

 

XXXXXXXXXXXXXXXXXXXXXXXXX

Let us have a look at the data for today

 

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IN SILVER THE COMEX OI FELL BY A CONSIDERABLE SIZED 1911 CONTRACTS FROM 177,948 DOWN  TO 176,037, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED LOSS IN  OI OCCURRED DESPITE OUR GOOD 6 CENT GAIN  IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO SPREADER LIQUIDATION ALONG WITH  HUGE  BANKER SHORT COVERING PLUS A GOOD EXCHANGE FOR PHYSICAL ISSUANCE, MINIMAL LONG LIQUIDATION, ACCOMPANYING  A ZERO INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE.  WE HAD A NET LOSS IN OUR TWO EXCHANGES OF 772 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 GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:   JULY: 335  AND SEP 427 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  782 CONTRACTS. WITH THE TRANSFER OF 1051 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 1782 EFP CONTRACTS TRANSLATES INTO 3.910 MILLION OZ  ACCOMPANYING:

1.THE 6 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

2.205  MILLION OF INITIALLY STANDING FOR JUNE

 

FRIDAY, 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 6 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS  WERE NO DOUBT  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS FROM THEIR POSITIONS. THE STRONG LOSS AT THE COMEX WAS ACCOMPANIED BY : i)  A STRONG SPREADER LIQUIDATION, ii) A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A ZERO INCREASE IN SILVER OZ STANDING,  HUGE BANKER SHORT COVERING  AND 4) MINIMAL LONG LIQUIDATION AS  WE DID HAVE A STRONG NET LOSS OF 1129 CONTRACTS OR 5.645 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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