USA COUNTERS THE CHINA NATIONAL SECURITY LAW WITH HUGE SANCTIONS ON POBC MEMBERS AND BANKS

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by Harvey Organ, Harvey Organ Blog:

BANKERS AMBUSHED IN GOLD AS LONGS WAITING IN THE BUSHES TO OBTAIN CHEAP GOLD: GOLD UP$7.00 TO $1777.90//SILVER UP 4 CENTS TO $18.01//GOLD TONNAGE STANDING AT THE COMEX; 17.38 TONNES//SILVER OZ STANDING: 82.9 MILLION OZ//CORONAVIRUS UPDATE//USA COUNTERS THE CHINA NATIONAL SECURITY LAW WITH HUGE SANCTIONS ON POBC MEMBERS AND BANKS// MICHAEL EVERY.. A MUST READ…//ANOTHER ERROR FILED JOBS REPORT: TAKE IT WITH A GRAIN OF SALT//GHISLAINE MAXWELL ARRESTED//MORE SWAMP STORIES FOR YOU TONIGHT

GOLD:$1777.90  UP $7.00   The quote is London spot price

Silver:$18.01// UP 4 CENTS  London spot price

Closing access prices:  London spot

i)Gold : $1775.50  LONDON SPOT  4:30 pm

 

ii)SILVER:  $17.95//LONDON SPOT  4:30 pm

CLOSING FUTURES PRICES:  KEY MONTHS

AUG GOLD:  $1789.50  CLOSE 1.30 PM//   SPREAD SPOT/FUTURE AUG /: $11.60

 

CLOSING SILVER FUTURE MONTH

SILVER SEPT COMEX CLOSE;   $18.23…1:30 PM.//SPREAD SPOT/FUTURE SEPT//  :  30 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!!

TOMORROW WE WILL HAVE THE JOBS REPORT AND AS USUAL, THEY WHACK THE DAY BEFORE/

COMEX DATA

 

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

today RECEIVING: 229/641

ISSUED 486

EXCHANGE: COMEX
CONTRACT: JULY 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,773.200000000 USD
INTENT DATE: 07/01/2020 DELIVERY DATE: 07/06/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 16
072 H GOLDMAN 63
099 H DB AG 47
135 H RAND 2
152 C DORMAN TRADING 8
159 C ED&F MAN CAP 1
355 C CREDIT SUISSE 3
357 C WEDBUSH 1
624 C BOFA SECURITIES 4 2
657 C MORGAN STANLEY 23
657 H MORGAN STANLEY 131
661 C JP MORGAN 486 229
686 C INTL FCSTONE 2
690 C ABN AMRO 28
732 C RBC CAP MARKETS 3
737 C ADVANTAGE 25 35
800 C MAREX SPEC 75 76
878 C PHILLIP CAPITAL 4 6
905 C ADM 12
____________________________________________________________________________________________

TOTAL: 641 641
MONTH TO DATE: 4,441

 

NUMBER OF NOTICES FILED TODAY FOR  JULY CONTRACT: 641 NOTICE(S) FOR 64100 OZ (1.9937 tonnes)

 

TOTAL NUMBER OF NOTICES FILED SO FAR:  4441 NOTICES FOR 444100 OZ  (13.813 TONNES)

 

SILVER

 

FOR JULY

 

744 NOTICE(S) FILED TODAY FOR 3,720,000  OZ/

total number of notices filed so far this month: 13,012 for 65,060,000 MILLION oz

 

BITCOIN MORNING QUOTE  $9192  DOWN 40  

 

BITCOIN AFTERNOON QUOTE.: $9093 DOWN $192

 

GLD AND SLV INVENTORIES:

WITH GOLD UP $7 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 3.21 TONNES OF GOLD INTO THE GLD//

 

GLD: 1,182.11 TONNES OF GOLD//

 

WITH SILVER UP 4 CENTS TODAY: AND WITH NO SILVER AROUND

A HUGE CHANGE IN SILVER INVENTORY AT THE  SLV: A PAPER DEPOSIT OF 4.01 MILLION OZ INTO THE SLV//

RESTING SLV INVENTORY TONIGHT:

 

SLV: 502.008  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 FELL BY A CONSIDERABLE SIZED 20066 CONTRACTS FROM 169,418 UP  TO 167,352, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED LOSS IN  OI OCCURRED DESPITE OUR STRONG 23 CENT LOSS IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO THE CONCLUSION OF OUR SPREADER LIQUIDATION (AS WE END JUNE)_,  ALONG WITH  SOME  BANKER SHORT COVERING PLUS A SMALL EXCHANGE FOR PHYSICAL ISSUANCE, SOME LONG LIQUIDATION, ACCOMPANYING  A SMALL DECREASE  IN SILVER STANDING  AT THE COMEX FOR JULY.  WE HAD A NET LOSS IN OUR TWO EXCHANGES OF 1732 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 334 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  334 CONTRACTS. WITH THE TRANSFER OF 489 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 334 EFP CONTRACTS TRANSLATES INTO 1.67 MILLION OZ  ACCOMPANYING:

1.THE 23 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

2.205  MILLION OF FINAL STANDING FOR JUNE

82.860 MILLION OZ INITIALLY IN JULY.

 

WEDNESDAY, 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 23 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS  WERE NO DOUBT SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS FROM THEIR POSITIONS. THE STRONG LOSS AT THE COMEX WAS ACCOMPANIED BY : i)  A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A SMALL DECLINE IN STANDING OF SILVER OZ STANDING FOR JULY,  STRONG BANKER SHORT COVERING  AND 4) SOME LONG LIQUIDATION AS  WE DID HAVE A STRONG NET LOSS OF 1732 CONTRACTS OR 8.660 MILLION OZ ON THE TWO EXCHANGES! YOU CAN BET THE FARM THAT OUR BANKER  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER

 

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS

JULY

 

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

823 CONTRACTS (FOR 2 TRADING DAY(S) TOTAL 823 CONTRACTS) OR 4.115 MILLION OZ: (AVERAGE PER DAY: 411 CONTRACTS OR 2.057 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF JULY4.115 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 0.58% 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 2020 TO DATE SILVER EFP’S:          1,141.52 MILLION OZ.

JANUARY 2020 EFP TOTALS SO FAR: 181.61 MILLION OZ

FEB 2020 EFP’S TOTAL :  ……     259.600 MILLION OZ

MARCH EFP’S …..                     452.280 MILLION OZ  //TOTALS//AND A NEW RECORD FOR THE MONTH)

APRIL EFP                               95.355 MILLION OZ.  (EX. FOR PHYSICALS BECOMING A LOT LESS)

MAY EFP FINAL:                     77.27 MILLION OZ

JUNE EXP                              71.15 MILLION OZ.

JULY EXP                               4.115 MILLION OZ/

 

EXCHANGE FOR PHYSICAL ISSUANCE FOR THE PAST 60 DAYS IS A LOT LESS.  NO DOUBT THAT THE COST TO CARRY THESE THINGS HAS EXPLODED  AND AS SUCH CANNOT BE DONE AS FREQUENTLY AS BEFORE.

RESULT: WE HAD A  STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2066, WITH OUR 23 LOSS LOSS IN SILVER PRICING AT THE COMEX ///WEDNESDAY… THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE OF 334 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

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