HUGE RAID TODAY!!//GOLD DOWN $38.30 TO $2018.45//SILVER DOWN $.69 TO $27.57

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by Harvey Organ, Harvey Organ Blog:

HUGE RAID TODAY!!//GOLD DOWN $38.30 TO $2018.45//SILVER DOWN $.69 TO $27.57//CHINA VS USA: TRUMP ON THE WARPATH//CORONAVIRUS UPDATE/PHONY JOBS REPORT//ANDREW MAGUIRE A MUST VIEW//ALASDAIR MACLEOD: A MUST READ///SWAMP STORIES FOR YOU TONIGHT

GOLD:$:  2,018.45  UP $38.30  The quote is London spot price (cash market)

Silver:$27.57// DOWN $0.69   London spot price ( cash market)

Closing access prices:  London spot

i)Gold : $2035.00  LONDON SPOT  4:30 pm

 

ii)SILVER:  $28.30//LONDON SPOT  4:30 pm

CLOSING FUTURES PRICES:  KEY MONTHS

 

AUGUST GOLD:   $2012.00  CLOSE  1::30 PM  SPREAD SPOT/FUTURE AUG  (BACKWARD  $6.45)

OCT GOLD:  $2020.20  CLOSE 1.30 PM//   SPREAD SPOT/FUTURE OCT /:   : $1.75// BELOW NORMAL CONTANGO

 

DEC. GOLD  $2030.200   CLOSE 1.30 PM      SPREAD SPOT/FUTURE DEC   $11.75   ($ NORMAL CONTANGO)

 

CLOSING SILVER FUTURE MONTH

 

SILVER SEPT COMEX CLOSE;   $27.70…1:30 PM.//SPREAD SPOT/FUTURE SEPT//  :  13 CENTS  PER OZ  ( 10 CENTS ABOVE NORMAL CONTANGO)

SILVER DECEMBER  CLOSE:     $27.97  1:30  PM SPREAD SPOT/FUTURE DEC.       : 40  CENTS PER OZ  ( 28 CENTS ABOVE NORMAL CONTANGO)

COMEX DATA

 

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

receiving today: 185/594

issued 21

EXCHANGE: COMEX
CONTRACT: AUGUST 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,051.500000000 USD
INTENT DATE: 08/06/2020 DELIVERY DATE: 08/10/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 500 1
072 H GOLDMAN 100
104 C MIZUHO 44
118 H MACQUARIE FUT 6
323 C HSBC 2
332 H STANDARD CHARTE 17
355 C CREDIT SUISSE 3
657 C MORGAN STANLEY 1 8
657 H MORGAN STANLEY 77
661 C JP MORGAN 21 119
661 H JP MORGAN 66
686 C INTL FCSTONE 2
690 C ABN AMRO 55 8
700 C UBS 16
709 C BARCLAYS 48
709 H BARCLAYS 1
732 C RBC CAP MARKETS 1
737 C ADVANTAGE 12 5
800 C MAREX SPEC 3 4
880 C CITIGROUP 1
880 H CITIGROUP 66
905 C ADM 1
____________________________________________________________________________________________

TOTAL: 594 594
MONTH TO DATE: 43,765

NUMBER OF NOTICES FILED TODAY FOR  AUGUST CONTRACT: 594 NOTICE(S) FOR 59,400 OZ  (1.8475 tonnes)

 

TOTAL NUMBER OF NOTICES FILED SO FAR:  43765 NOTICES FOR 4,376,500 OZ  (136.12 TONNES)

 

SILVER

 

FOR AUGUST

 

6 NOTICE(S) FILED TODAY FOR 30,000  OZ/

total number of notices filed so far this month: 1106 for 5.530 MILLION oz

 

BITCOIN MORNING QUOTE  $11,732  DOWN 29

 

BITCOIN AFTERNOON QUOTE.: $11,525 DOWN 280

 

GLD AND SLV INVENTORIES:

WITH GOLD DOWN $38.30 AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

NO CHANGES IN GOLD INVENTORY AT THE GLD///

 

GLD: 1,267.96 TONNES OF GOLD//

 

WITH SILVER DOWN 69 CENTS TODAY: AND WITH NO SILVER AROUND:

A HUGE CHANGE IN SILVER INVENTORY AT THE  SLV:

A DEPOSIT OF 465,000 OZ INTO THE SLV

 

RESTING SLV INVENTORY TONIGHT:

 

SLV: 573.029  MILLION OZ./

 

XXXXXXXXXXXXXXXXXXXXXXXXX

Let us have a look at the data for today

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IN SILVER THE COMEX OI ROSE BY A STRONG SIZED 1953 CONTRACTS FROM 205,537 UP TO 207,490, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE  GAIN IN  OI OCCURRED WITH OUR STRONG $1.52 GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS PRIMARILY DUE TO A MASSIVE   BANKER SHORT COVERING PLUS A STRONG EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING  A VERY TINY DECREASE IN SILVER OZ. STANDING AT THE COMEX FOR AUGUST.  WE HAD A STRONG NET GAIN IN OUR TWO EXCHANGES OF 3838 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 STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:   SEP 1886 DEC:  0 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  1886 CONTRACTS. WITH THE TRANSFER OF 1886 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 1886 EFP CONTRACTS TRANSLATES INTO 9.439 MILLION OZ  ACCOMPANYING:

1.THE 152 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

86.470 MILLION OZ FINAL STANDING IN JULY.

6.275 MILLION OZ INITIAL STANDING IN AUGUST

 

THURSDAY, 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 152 CENTS ).. AND,OUR OFFICIAL SECTOR/BANKERS  WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS FROM THEIR POSITIONS. THE STRONG GAIN AT THE COMEX WAS ACCOMPANIED BY : i)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A TINY DECREASE IN SILVER OZ STANDING  FOR AUGUST,  MONSTROUS BANKER SHORT COVERING  AND 4) ZERO LONG LIQUIDATION AS  WE DID HAVE A STRONG NET GAIN OF 3839 CONTRACTS OR 19.19 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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