CHINA VS USA: USA TARGETS THE HONK KONG DOLLAR PEG

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by Harvey Organ, Harvey Organ Blog:

GOLD RISES AGAIN UP $13.75 TO $1810.85//SILVER BREAKS THE $18.50 BARRIER TO $18.70 UP 37 CENTS//COMEX GOLD STANDING 20.3 TONNES: A RECORD FOR A NON ACTIVE DELIVERY MONTH//LOOKS LIKE AUGUST WILL BE A HUMDINGER OF A DELIVERY MONTH//ALASDAIR MACLEOD COMMENTS ON MAJOR PROBLEMS FACING OUR SHORTING BULLION BANKS//CHINA VS USA: USA TARGETS THE HONK KONG DOLLAR PEG//CHINA RESPONDS//CORONAVIRUS UPDATES FROM AROUND THE GLOBE//SWAMP STORIES FOR YOU TONIGHT

GOLD:$1810.85  UP $13.75   The quote is London spot price

Silver:$18.70// UP 37 CENTS  London spot price

Closing access prices:  London spot

i)Gold : $1809.00  LONDON SPOT  4:30 pm

 

ii)SILVER:  $18.72//LONDON SPOT  4:30 pm

CLOSING FUTURES PRICES:  KEY MONTHS

 

AUG GOLD:  $1820.7  CLOSE 1.30 PM//   SPREAD SPOT/FUTURE AUG /: $9.10

 

CLOSING SILVER FUTURE MONTH

 

SILVER SEPT COMEX CLOSE;   $19.14…1:30 PM.//SPREAD SPOT/FUTURE SEPT//  :  44 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: 33/347

issued 125

EXCHANGE: COMEX
CONTRACT: JULY 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,804.200000000 USD
INTENT DATE: 07/07/2020 DELIVERY DATE: 07/09/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 H GOLDMAN 6
118 H MACQUARIE FUT 79
135 H RAND 1
152 C DORMAN TRADING 13
355 C CREDIT SUISSE 1
624 C BOFA SECURITIES 2
657 C MORGAN STANLEY 31
657 H MORGAN STANLEY 13
661 C JP MORGAN 125 33
690 C ABN AMRO 7 4
732 C RBC CAP MARKETS 1
737 C ADVANTAGE 55 34
800 C MAREX SPEC 153 92
878 C PHILLIP CAPITAL 7 3
905 C ADM 34
____________________________________________________________________________________________

TOTAL: 347 347
MONTH TO DATE: 5,978

NUMBER OF NOTICES FILED TODAY FOR  JULY CONTRACT: 347 NOTICE(S) FOR 34,700 OZ (1.079 tonnes)

 

TOTAL NUMBER OF NOTICES FILED SO FAR:  5,978 NOTICES FOR 597800 OZ  (18.594 TONNES)

 

SILVER

 

FOR JULY

 

203 NOTICE(S) FILED TODAY FOR 1,015,000  OZ/

total number of notices filed so far this month: 13,456 for 67.280 MILLION oz

 

BITCOIN MORNING QUOTE  $9287  UP 30  

 

BITCOIN AFTERNOON QUOTE.: $9439 UP $183

 

GLD AND SLV INVENTORIES:

WITH GOLD UP $13.75 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 DEPOSIT OF 7.89 TONNES

 

GLD: 1,199.36 TONNES OF GOLD//

 

WITH SILVER UP 37 CENTS TODAY: AND WITH NO SILVER AROUND

SURPRISING: A HUGE CHANGE IN SILVER INVENTORY AT THE  SLV: A WITHDRAWAL ?? OF 1.118 MILLION OZ//

RESTING SLV INVENTORY TONIGHT:

 

SLV: 502.753  MILLION OZ./

AGAIN THE CROOKS ARE STEALING FROM THE SLV INVENTORY!!

 

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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 TINY SIZED 193 CONTRACTS FROM 169,706 DOWN  TO 169,513, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE TINY SIZED LOSS IN  OI OCCURRED WITH OUR 8 CENT GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO HUGE  BANKER SHORT COVERING PLUS A SMALL EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING  A SMALL DECREASE  IN SILVER STANDING  AT THE COMEX FOR JULY.  WE HAD A NET GAIN IN OUR TWO EXCHANGES OF 1219 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 SMALL SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:   JULY: 0  AND SEP 1412 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  1412 CONTRACTS. WITH THE TRANSFER OF 1482 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 1482 EFP CONTRACTS TRANSLATES INTO 7.060 MILLION OZ  ACCOMPANYING:

1.THE  8 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 FINAL STANDING FOR JUNE

81.810 MILLION OZ INITIALLY IN JULY.

 

TUESDAY, 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 8 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS  WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS FROM THEIR POSITIONS. THE TINY LOSS AT THE COMEX WAS ACCOMPANIED BY : i)  A LARGE ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A SMALL DECLINE IN STANDING OF SILVER OZ STANDING FOR JULY,  STRONG BANKER SHORT COVERING  AND 4) ZERO LONG LIQUIDATION AS  WE DID HAVE A STRONG NET GAIN OF 1219 CONTRACTS OR 6.095 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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