TRUMP BLOCKS ALL CHINESE PASSENGER PLANES FORM ENTERING THE USA

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by Harvey Organ, Harvey Organ Blog:

ANOTHER RAID//GOLD DOWN $26.15 TO $1726.40//SILVER DOWN 23 CENTS TO $17.72//VOLUME IN GOLD DOWN AGAIN AS TRADERS MOVE TO LONDON’S LME//COMEX GOLD TONNAGE STANDING INCREASES TO 150.3 TONNES//SILVER HAS 2 MILLION OZ STANDING//CORONAVIRUS UPDATE//ROB KIRBY..A MUST VIEW…//WHO COVERED UP FOR CHINESE LIES ON THE CORONOAVIRUS//GORDON CHANG..A MUST READ…TRUMP BLOCKS ALL CHINESE PASSENGER PLANES FORM ENTERING THE USA//USA BURNS FOR THE 8TH STRAIGHT NIGHT

GOLD:$1700.25  DOWN $26.15   The quote is London spot price

Silver:$17.72 DOWN 23 CENTS//LONDON SPOT PRICE

Closing access prices:  London spot

 

i)Gold : $1697.50  LONDON SPOT  4:30 pm

 

ii)SILVER:  $17.66//LONDON SPOT  4:30 pm

CLOSING FUTURES PRICES:  KEY MONTHS

 

AUG GOLD:  $1703.25  CLOSE 1.30 PM//   SPREAD SPOT (LONDON) VS/FUTURE JUNE: $+3.05

 

CLOSING SILVER FUTURE MONTH

 

JULY: 1:30 PM:              $17.97//1:30 PM //SPREAD SPOT LONDON VS FUTURE JULY:      25 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: 609/1249

issued: 299

EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,725.200000000 USD
INTENT DATE: 06/02/2020 DELIVERY DATE: 06/04/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 200 31
072 H GOLDMAN 213
099 H DB AG 28
104 C MIZUHO 3
118 C MACQUARIE FUT 250
118 H MACQUARIE FUT 47
132 C SG AMERICAS 5
152 C DORMAN TRADING 44
167 C MAREX 2
190 H BMO CAPITAL 9
323 H HSBC 5
355 C CREDIT SUISSE 5
357 C WEDBUSH 2
624 C BOFA SECURITIES 25
657 C MORGAN STANLEY 49 59
657 H MORGAN STANLEY 141
661 C JP MORGAN 299 524
661 H JP MORGAN 85
685 C RJ OBRIEN 2
686 C INTL FCSTONE 151 7
690 C ABN AMRO 154 33
709 C BARCLAYS 2
732 C RBC CAP MARKETS 4
737 C ADVANTAGE 26 10
800 C MAREX SPEC 55 6
878 C PHILLIP CAPITAL 3
880 C CITIGROUP 1
905 C ADM 16 2
____________________________________________________________________________________________

TOTAL: 1,249 1,249
MONTH TO DATE: 43,265

 

NUMBER OF NOTICES FILED TODAY FOR  JUNE CONTRACT: 1249 NOTICE(S) FOR 124,900 OZ (3.885 tonnes)

 

TOTAL NUMBER OF NOTICES FILED SO FAR:  43,265 NOTICES FOR 4,326,500 OZ  (134.654 TONNES)

 

SILVER

 

FOR JUNE

 

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

total number of notices filed so far this month: 389 for 1,945,000 oz

 

BITCOIN MORNING QUOTE  $9592 UP $82

 

BITCOIN AFTERNOON QUOTE.: $9568  UP 51

 

GLD AND SLV INVENTORIES:

WITH GOLD DOWN $26.15 AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

A SMALL CHANGE IN GOLD INVENTORY AT THE GLD// A PAPER DEPOSIT OF 0.78 TONNES OF GOLD INTO THE GLD//

 

GLD: 1,129.28 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 SMALL SIZED 429 CONTRACTS FROM 170,099 DOWN TO 169,670 AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED GAIN IN  OI OCCURRED WITH  OUR VERY LARGE 31 CENT LOSS IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS DUE TO STRONG  BANKER SHORT COVERING PLUS A GOOD EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING  A SMALL INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE.  WE HAD A NET GAIN IN OUR TWO EXCHANGES OF 391 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:  MAY: 0 AND JULY: 490  AND SEPT 330 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  820 CONTRACTS. WITH THE TRANSFER OF 820 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 820 EFP CONTRACTS TRANSLATES INTO 4.10 MILLION OZ  ACCOMPANYING:

1.THE 31 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

2.005  MILLION OF INITIALLY STANDING FOR JUNE

 

TUESDAY, 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 31 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS  WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY AMOUNT OF SILVER LONGS FROM THEIR POSITIONS. THE SMALL LOSS AT THE COMEX WAS ACCOMPANIED BY : i)  A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS 2) ANOTHER GAIN IN   SILVER OZ STANDING FOR JUNE,3) CONSIDERABLE BANKER SHORT COVERING  AND 4) ZERO LONG LIQUIDATION AS  WE DID HAVE A  NET GAIN OF 391 CONTRACTS OR 1.955 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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