by Harvey Organ, Harvey Organ Blog:
GOLD UP $19.70 TO $1910.10//SILVER UP $.66 TO $24.05//GOLD STANDING AT THE COMEX; 95.3 TONNES/SILVER STANDING: 8.46 MILLION OZ///CORONAVIRUS UPDATES//IN USA VERY SKEPTICAL THAT A STIMULUS DEAL WILL BE REACHED//830,000 INITIAL UNEMPLOYMENT BENEFIT CLAIMS FILED LAST WEEK//PERSONAL INCOME AND PERSONAL SAVINGS PLUMMET AS AMERICANS BURN THEIR SAVINGS TO FUND THEMSELVES//SWAMP STORIES FOR YOU TONIGHT
GOLD $1910.10 UP $19.70 The quote is London spot price
Silver:$24.05 UP $0.66 London spot price ( cash market)
your data…
Closing access prices: London spot
i)Gold : $1905.40 LONDON SPOT 4:30 pm
ii)SILVER: $23.76//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
OCT GOLD: 1906.80 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: $$3.70 BACKWARD!! A MAGNET FOR LONDON PURCHASERS OF GOLD!1
DEC. GOLD $1916.80 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $6.70/ CONTANGO ( $0.70 ABOVE NORMAL CONTANGO) //
CLOSING SILVER FUTURE MONTH
SILVER NOV COMEX CLOSE; $24.16…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : ( 11 CENTS CONTANGO/ABOVE NORMAL CONTANGO//)
SILVER DECEMBER CLOSE: $24.20 1:30 PM SPREAD SPOT/FUTURE DEC. : 15 CENTS PER OZ CONTANGO ( 3 CENTS ABOVE NORMAL CONTANGO)
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COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 1815/5949
EXCHANGE: COMEX
CONTRACT: OCTOBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,887.500000000 USD
INTENT DATE: 09/30/2020 DELIVERY DATE: 10/02/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 315
099 H DB AG 170
104 C MIZUHO 43
118 H MACQUARIE FUT 269
132 C SG AMERICAS 3 34
135 H RAND 2
323 C HSBC 5
332 H STANDARD CHARTE 75
355 C CREDIT SUISSE 72
435 H SCOTIA CAPITAL 5
624 C BOFA SECURITIES 7
657 C MORGAN STANLEY 7 289
657 H MORGAN STANLEY 289
661 C JP MORGAN 5900 1535
661 H JP MORGAN 280
690 C ABN AMRO 277
709 C BARCLAYS 1093
709 H BARCLAYS 1008
732 C RBC CAP MARKETS 10
737 C ADVANTAGE 4
800 C MAREX SPEC 8 80
880 C CITIGROUP 49
905 C ADM 31 38
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TOTAL: 5,949 5,949
MONTH TO DATE: 12,391
issued: 5900
GOLDMAN SACHS STOPPED 315 CONTRACTS.
NUMBER OF NOTICES FILED TODAY FOR OCT. CONTRACT: 5949 NOTICE(S) FOR 594900 OZ (18.503 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 12,391 NOTICES FOR 1,239,100 OZ (38.54 tonnes)
SILVER//OCTOBER CONTRACT
19 NOTICE(S) FILED TODAY FOR 95,000 OZ/
total number of notices filed so far this month: 1045 for 5.226 MILLION oz
BITCOIN MORNING QUOTE $10,863 UP 111
BITCOIN AFTERNOON QUOTE.: $10,799 DOWN 192 DOLLARS .
GLD AND SLV INVENTORIES:
WITH GOLD UP $19.70 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
NO CHANGE IN GOLD INVENTORY AT THE GLD//
GLD: 1,268.89 TONNES OF GOLD//
WITH SILVER UP 66 CENTS TODAY: AND WITH NO SILVER AROUND:
A HUGE WITHDRAWAL OF 1.489 MILLION OZ FROM THE SLV//
SLV: 549.116 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 STRONG 2480 CONTRACTS FROM 157,308 DOWN TO 154,828, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN OI OCCURRED WITH OUR $0.96 LOSS IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS DUE TO CONSIDERABLE BANKER AND ALGO SHORT COVERING.. COUPLED AGAINST A WEAK EXCHANGE FOR PHYSICAL. WE ALSO HAD SOME LONG LIQUIDATION, AND A SMALL LOSS FOR SILVER STANDING AT THE COMEX FOR OCT. WE HAD A STRONG NET LOSS IN OUR TWO EXCHANGES OF 2059 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: 961, AS WE HAD THE FOLLOWING ISSUANCE: OCT 0; DEC: 961, MARCH 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 961 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
8.4650 MILLION OZ INITIALLY STANDING IN OCT.
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 $0.96) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS AS WE HAD A CONSIDERABLE LOSS IN OUR TWO EXCHANGES (1999 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 SMALL LOSS IN SILVER OZ STANDING FOR OCTOBER, iii) STRONG COMEX LOSS AND iv) SOME LONG LIQUIDATION YOU CAN BET THE FARM THAT OUR BANKERS ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..
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