by Harvey Organ, Harvey Organ Blog:
GOLD UP A STRONG $31.10 TO $1921.20//SILVER UP $1.00 TO $24.83//GOLD TONNAGE STANDING AT THE COMEX: 101.3 TONNES//CORONAVIRUS UPDATES THROUGHOUT THE GLOBE//CHINA VS USA//THE GENERALLY MOST ACCURATE POLLSTER, THE TRAFALGAR GROUP PICKS TRUMP TO WIN THE ELECTORAL COLLEGE WITH 275 SEATS//HUNTER BIDEN’S PARTNER IN BURISMA CONVICTED OF FRAUD AND SENT TO JAIL//MORE SWAMP STORIES FOR YOU TONIGHT
GOLD:GOLD:$1921.20 UP $31.10 The quote is London spot price
Silver:$24.83 UP $1.00 London spot price ( cash market)
Closing access prices: London spot
i)Gold : $1930.50 LONDON SPOT 4:30 pm
ii)SILVER: $25.15//LONDON SPOT 4:30 pm
DONATE
CLOSING FUTURES PRICES: KEY MONTHS
OCT GOLD: 1926.20 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: $5.00 CONTANGO//ABOVE NORMAL CONTANGO
DEC. GOLD $1927.30 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $6.10/ CONTANGO ( $1.50 ABOVE NORMAL CONTANGO) //
CLOSING SILVER FUTURE MONTH
SILVER NOV COMEX CLOSE; $25.05…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : ( 22 CENTS CONTANGO/ 21 CENTS ABOVE NORMAL CONTANGO//)
SILVER DECEMBER CLOSE: $25.19 1:30 PM SPREAD SPOT/FUTURE DEC. : 37 CENTS PER OZ CONTANGO ( 30 CENTS ABOVE NORMAL) CONTANGO
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COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 426/1844
EXCHANGE: COMEX
CONTRACT: OCTOBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,888.600000000 USD
INTENT DATE: 10/08/2020 DELIVERY DATE: 10/12/2020
FIRM ORG FIRM NAME ISSUED STOPPED
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072 C GOLDMAN 666 102
099 H DB AG 44
104 C MIZUHO 37
118 H MACQUARIE FUT 70
132 C SG AMERICAS 9
135 H RAND 4
323 C HSBC 17
332 H STANDARD CHARTE 75
355 C CREDIT SUISSE 13
435 H SCOTIA CAPITAL 8
624 C BOFA SECURITIES 2
657 C MORGAN STANLEY 5 135
657 H MORGAN STANLEY 179
661 C JP MORGAN 13 353
661 H JP MORGAN 73
690 C ABN AMRO 40 53
709 C BARCLAYS 283
709 H BARCLAYS 318
732 C RBC CAP MARKETS 1
737 C ADVANTAGE 1
800 C MAREX SPEC 17 26
880 C CITIGROUP 23
880 H CITIGROUP 1097
905 C ADM 2 22
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TOTAL: 1,844 1,844
MONTH TO DATE: 27,009
ISSUED:13
GOLDMAN SACHS STOPPED 102 CONTRACTS.
NUMBER OF NOTICES FILED TODAY FOR OCT. CONTRACT: 1844 NOTICE(S) FOR 184,400 OZ (5.735 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 27009 NOTICES FOR 2,700,900 OZ ( 84.009 tonnes)
SILVER//OCTOBER CONTRACT
16 NOTICE(S) FILED TODAY FOR 80,000 OZ/
total number of notices filed so far this month: 1735 for 8,675,000 oz
BITCOIN MORNING QUOTE $11040 UP 116
BITCOIN AFTERNOON QUOTE.: UP $11,042 118 DOLLARS .
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GLD AND SLV INVENTORIES:
WITH GOLD UP $31.10 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
GLD: 1,271.52 TONNES OF GOLD//
WITH SILVER UP 100 CENTS TODAY: AND WITH NO SILVER AROUND:
SLV: 560.263 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 SMALL SIZED 411 CONTRACTS FROM 156,398 UP TO 156,809, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR SMALL $0.02 GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS DUE TO CONSIDERABLE BANKER AND ALGO SHORT COVERING.. COUPLED AGAINST AN EXTREMELY WEAK EXCHANGE FOR PHYSICAL (193 CONTRACTS). WE ALSO HAD ZERO LONG LIQUIDATION, AND A GOOD INCREASE IN SILVER OUNCES STANDING AT THE COMEX FOR OCT. WE HAD A STRONG NET GAIN IN OUR TWO EXCHANGES OF 604 CONTRACTS (SEE CALCULATIONS BELOW).
WE WERE NOTIFIED THAT WE HAD A TINY NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: 193, AS WE HAD THE FOLLOWING ISSUANCE: OCT 0; DEC: 193, MARCH 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 193 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
9.525 MILLION OZ INITIALLY STANDING IN OCT.
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 $0.02) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A GOOD GAIN IN OUR TWO EXCHANGES (604 CONTRACTS). NO DOUBT THE GAIN IN OI WAS DUE TO i) SOME BANKER/ALGO SHORT COVERING. WE ALSO HAD ii) A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A GOOD GAIN IN SILVER OZ STANDING FOR OCTOBER, iii) GOOD COMEX GAIN AND iv) ZERO 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!!
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