LOOKS LIKE ISRAEL BLEW UP A WEAPONS DEPOT IN BEIRUT

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by Harvey Organ, Harvey Organ Blog:

GOLD HAS A STELLAR DAY BREAKING THE 2,000 DOLLAR BARRIER TO $2003.15 UP $31.75//SILVER UP $1.45 TO $25.71//NO CHANGE IN GOLD TONNAGE AT THE COMEX//ANOTHER BIG INCREASE IN SILVER OZ STANDING FOR AUGUST//CHINA VS USA//CORONAVIRUS UPDATES/TURKEY IN A MESS TONIGHT AS OVERNIGHT RATES CLIMB TO 1024%: THEY HAVE RUN OUT OF RESERVES//LOOKS LIKE ISRAEL BLEW UP A WEAPONS DEPOT IN BEIRUT///SWAMP STORIES FOR YOU TONIGHT

GOLD:$:  2003.15  UP $31.75  The quote is London spot price (cash market)

A NEW RECORD HIGH!!

Silver:$25.71// UP $1.45   London spot price ( cash market)

THE CARTEL JUST BLEW UP!!

THERE IS NO WAY THAT THEY CAN COVER THEIR MASSIVE SHORTFALL.

WE ARE PROBABLY 4 WEEKS BEFORE A PHYSICAL EXCHANGE BEGINS IN EARNEST IN LONDON

Closing access prices:  London spot

i)Gold : $2019.00  LONDON SPOT  4:30 pm

 

ii)SILVER:  $25.99//LONDON SPOT  4:30 pm

CLOSING FUTURES PRICES:  KEY MONTHS

AUGUST GOLD:   $2002.00  CLOSE  1::30 PM  SPREAD SPOT/FUTURE AUG  (BACKWARD  $1.15)

OCT GOLD:  $2009.50  CLOSE 1.30 PM//   SPREAD SPOT/FUTURE OCT /:   PREMIUM: $6.35//(NORMAL CONTANGO

 

DEC. GOLD  $2022,20   CLOSE 1.30 PM      SPREAD SPOT/FUTURE DEC   $19.35   ($ 7.35 ABOVE NORMAL CONTANGO)

 

 

CLOSING SILVER FUTURE MONTH

SILVER SEPT COMEX CLOSE;   $25.97…1:30 PM.//SPREAD SPOT/FUTURE SEPT//  :  26 CENTS  PER OZ  (23 CENTS ABOVE NORMAL CONTANGO)

SILVER DECEMBER  CLOSE:     $26.21  1:30  PM SPREAD SPOT/FUTURE DEC.       : 50  CENTS PER OZ  ( 38 CENTS ABOVE NORMAL CONTANGO)

COMEX DATA

 

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

receiving today: 1780/5038

issued: 133  (JPMorgan)

issued Goldman Sachs:  4062

EXCHANGE: COMEX
CONTRACT: AUGUST 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,966.000000000 USD
INTENT DATE: 08/03/2020 DELIVERY DATE: 08/05/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 4062 11
072 H GOLDMAN 943
104 C MIZUHO 118 412
118 H MACQUARIE FUT 17
135 H RAND 1
159 C ED&F MAN CAP 2 3
226 C DIRECT ACCESS 1
332 H STANDARD CHARTE 156
355 C CREDIT SUISSE 35
435 H SCOTIA CAPITAL 600
657 C MORGAN STANLEY 81
657 H MORGAN STANLEY 753
661 C JP MORGAN 133 1159
661 H JP MORGAN 621
686 C INTL FCSTONE 64 4
690 C ABN AMRO 27 124
700 C UBS 147
709 C BARCLAYS 456
709 H BARCLAYS 10
730 C PTG DIVISION SG 2
732 C RBC CAP MARKETS 18
737 C ADVANTAGE 12 34
800 C MAREX SPEC 3 29
880 C CITIGROUP 16
905 C ADM 17 5
____________________________________________________________________________________________

TOTAL: 5,038 5,038
MONTH TO DATE: 39,912

NUMBER OF NOTICES FILED TODAY FOR  AUGUST CONTRACT: 5038 NOTICE(S) FOR 503,800 OZ  (15.67 tonnes)

 

TOTAL NUMBER OF NOTICES FILED SO FAR:  39,912 NOTICES FOR 3,991,200 OZ  (124.14 TONNES)

 

SILVER

 

FOR AUGUST

 

218 NOTICE(S) FILED TODAY FOR 1,090,000  OZ/

total number of notices filed so far this month: 912 for 4.460 MILLION oz

 

BITCOIN MORNING QUOTE  $11,160  DOWN 66

 

BITCOIN AFTERNOON QUOTE.: $11,249 UP 29

 

GLD AND SLV INVENTORIES:

WITH GOLD UP $31.75 AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

A HUGE CHANGES IN GOLD INVENTORY AT THE GLD/// A DEPOSIT OF 6.48 PAPER TONNES INTO THE GLD

 

GLD: 1,248.38 TONNES OF GOLD//

 

WITH SILVER UP $1.45 TODAY: AND WITH NO SILVER AROUND:

 

A HUGE CHANGES IN SILVER INVENTORY AT THE  SLV: SURPRISINGLY:

A WITHDRAWAL OF 0.931 MILLION OZ FROM THE SLV//

 

RESTING SLV INVENTORY TONIGHT:

 

SLV: 567,161  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 HUMONGOUS SIZED 6258 CONTRACTS FROM 193,375 UP TO 199,633, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE HUGE SIZED GAIN IN  OI OCCURRED WITH OUR $0.23 GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS PRIMARILY DUE TO HUGE  BANKER SHORT COVERING PLUS A SMALL EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING  A STRONG INCREASE IN SILVER OZ. STANDING AT THE COMEX FOR AUGUST.  WE HAD A HUGE NET GAIN IN OUR TWO EXCHANGES OF 6362 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:   SEP 104 DEC:  0 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  104 CONTRACTS. WITH THE TRANSFER OF 104 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 500 EFP CONTRACTS TRANSLATES INTO 0.500 MILLION OZ  ACCOMPANYING:

1.THE 23 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.

5.800 MILLION OZ INITIAL STANDING IN AUGUST

 

MONDAY, 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 23 CENTS ).. AND,OUR OFFICIAL SECTOR/BANKERS  WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS FROM THEIR POSITIONS. THE HUGE GAIN AT THE COMEX WAS ACCOMPANIED BY : i)  A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A STRONG INCREASE IN SILVER OZ STANDING  FOR AUGUST,  STRONG BANKER SHORT COVERING  AND 4) ZERO LONG LIQUIDATION AS  WE DID HAVE A HUGE NET GAIN OF 6362 CONTRACTS OR 31.181 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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