CHINA SET TO INITIATE ITS DIGITAL YUAN AND THIS WILL BE GOLD BACKED

0
202

by Harvey Organ, Harvey Organ Blog:

GOLD UP $11.00 TO $1878.90//SILVER UP 28 CENTS TO $23.58//FIRST DAY NOTICE; 4.7 TONNES STANDING AT THE GOLD COMEX//2.2 MILLION OZ OF SILVER STANDING//CORONAVIRUS UPDATE//CHINA SET TO INITIATE ITS DIGITAL YUAN AND THIS WILL BE GOLD BACKED//FRANCE AND PHILADELPHIA IN A MESS//TURKEY HIT WITH A MASSIVE 7.0 EARTHQUAKE//GLEN GREENWALD A MUST READ//MORE SWAMP STORIES FOR YOU TONIGHT

GOLD:$1878.90 UP  $11.00   The quote is London spot price

Silver:$23.58 UP 23 cents   London spot price ( cash market)

your data…

Closing access prices:  London spot

i)Gold : $1878.60  LONDON SPOT  4:30 pm

ii)SILVER:  $23.65//LONDON SPOT  4:30 pm

DONATE

Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation.

CLOSING FUTURES PRICES:  KEY MONTHS

NOV GOLD:  1878.20  CLOSE 1.30 PM//   SPREAD SPOT/FUTURE OCT /:  $0.30

CONTANGO: $.30

DEC. GOLD  $1878.20   CLOSE 1.30 PM      SPREAD SPOT/FUTURE DEC   $0.70/ BACKWARD   ( $2.30 BELOW NORMAL CONTANGO)//GOOD FOR EFP ISSUANCE //

CLOSING SILVER FUTURE MONTH

SILVER NOV COMEX CLOSE;   $XXX…1:30 PM.//SPREAD SPOT/FUTURE SEPT//  :    ( XXX//)

SILVER DECEMBER  CLOSE:     $23.62  1:30  PM SPREAD SPOT/FUTURE DEC.       :   4  CENTS PER OZ  CONTANGO (   1 CENT ABOVE NORMAL CONTANGO//GOOD FOR EFP ISSUANCE )

XXXXXXXXXXXXXXXXXXXXXXXXX

COMEX DATA

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

receiving today: 632/1238

EXCHANGE: COMEX
CONTRACT: NOVEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,865.600000000 USD
INTENT DATE: 10/29/2020 DELIVERY DATE: 11/02/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
332 H STANDARD CHARTE 47
435 H SCOTIA CAPITAL 96
657 C MORGAN STANLEY 84
657 H MORGAN STANLEY 374
661 C JP MORGAN 663 190
661 H JP MORGAN 442
686 C STONEX FINANCIA 4
690 C ABN AMRO 154
737 C ADVANTAGE 86 24
800 C MAREX SPEC 4 49
880 C CITIGROUP 170
905 C ADM 43 86
____________________________________________________________________________________________

TOTAL: 1,258 1,258
MONTH TO DATE: 1,258

issued:663

GOLDMAN SACHS STOPPED 0 CONTRACTS.

NUMBER OF NOTICES FILED TODAY FOR  NOV. CONTRACT: 1258 NOTICE(S) FOR 125,800 OZ  (3.912 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  1258 NOTICES FOR 125,800 OZ  (3.9212 tonnes)

SILVER//NOV CONTRACT

255 NOTICE(S) FILED TODAY FOR 1.275,000  OZ/

total number of notices filed so far this month: 255 for 1,275,000  oz

BITCOIN MORNING QUOTE  $13,248   DOWN 204

BITCOIN AFTERNOON QUOTE.:  $13,517  UP 62 DOLLARS .

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GLD AND SLV INVENTORIES:

WITH GOLD UP $11.00  AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

GLD: 1,258.25 TONNES OF GOLD//

WITH SILVER UP 23 CENTS TODAY: AND WITH NO SILVER AROUND:

A HUGE CHANGE IN SILVER INVENTORY AT THE SLV//

A WITHDRAWAL OF 931,000 FROM THE SLV

SLV559.798  MILLION OZ./

XXXXXXXXXXXXXXXXXXXXXXXXX

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

IN SILVER THE COMEX OI FELL BY A CONSIDERABLE SIZED 1,277 CONTRACTS FROM 157,041 DOWN TO 155,764, AND FURTHER FROM  OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN OI OCCURRED WITH OUR SMALL 4 CENT LOSS IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS  DUE TO CONSIDERABLE BANKER AND ALGO  SHORT COVERING, CONTINUAL SPREADER LIQUIDATION//..  COUPLED AGAINST A SMALL EXCHANGE FOR PHYSICAL. WE PROBABLY HAD SOME LONG LIQUIDATION, AND A VERY STRONG INITIAL STANDING AT THE COMEX FOR NOV.  WE HAD A FAIR NET LOSS IN OUR TWO EXCHANGES OF 732 CONTRACTS  (SEE CALCULATIONS BELOW).

WE WERE  NOTIFIED  THAT WE HAD A SMALL  NUMBER OF  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  545, AS WE HAD THE FOLLOWING ISSUANCE:  OCT 0;  DEC:  495, MARCH 050 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  545 CONTRACTS. THE BANKERS ARE NOW BEING BITTEN BY THOSE SERIAL FORWARDS (EFP’S CIRCULATING IN LONDON)AS THEY ARE NOW BEING EXERCISED AND COMING BACK TO NEW YORK FOR REDEMPTION OF METAL.  THE COST TO SERVICE THESE SERIAL FORWARDS IS HIGH TO OUR BANKERS  BUT THEY HAVE NO CHOICE BUT TO ISSUE A FEW OF THEM!

HISTORY OF SILVER OZ STANDING AT THE COMEX FOR THE PAST 26 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.

6.475 MILLION OZ FINAL STANDING IN AUGUST

55.400 MILLION OZ FINAL STANDING IN SEPT

11.400 MILLION OZ FINAL STANDING IN OCT.

2.220 MILLION OZ INITIAL STANDING IN NOV.

THURSDAY, 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 $.04) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE  SOMEWHAT SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS AS WE HAD A GOOD NET LOSS IN OUR TWO EXCHANGES (732 CONTRACTS). NO DOUBT THE LOSS IN OI WAS DUE TO i)BANKER/ALGO SHORT COVERING.  WE ALSO HAD  ii)  A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A STRONG INITIAL STANDING IN SILVER OZ  FOR NOV, iii) CONSIDERABLE COMEX LOSS ( AND CONTINUAL SPREADER LIQUIDATION) AND  iv) TINY IF ANY LONG LIQUIDATION. YOU CAN BET THE FARM THAT OUR BANKERS  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..

We have now switched to silver for our spreaders!!

FOR DETAILS ON THE SPREADING EXERCISE HERE IS A BRIEF OUTLINE:

SPREADING OPERATIONS/NOW SWITCHING TO SILVER  (WE SWITCH OVER TO GOLD ON NOV  1)

SPREADING OPERATION FOR OUR NEWCOMERS:

FOR NEWCOMERS, HERE ARE THE DETAILS:

SPREADING LIQUIDATION HAS NOW COMMENCED IN SILVER  AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF NOV.

FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:

HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;

THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR GOLD..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR SILVER.  THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE

MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:

.

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:

“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO SILVER AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.

HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON  ACTIVE DELIVERY MONTH OF OCT. HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF NOV FOR GOLD:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE IN THIS NON ACTIVE MONTH OF OCT. BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVER WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING  ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY.  THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END  OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS

Read More @ HarveyOrganBlog.com