PG AND E TURNS OUT THE LIGHTS IN CALIFORNIA

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by Harvey Organ, Harvey Organ Blog:

DOW DOWN 650 POINTS/NASDAQ DOWN 189 POINTS//GOLD UP $1.50//SILVER DOWN 18 CENTS//GOLD STANDING AT THE COMEX: A HUGE 108 TONNES/SILVER: 11,355,000 OZ//CORONAVIRUS UPDATE GLOBE: SAT-MONDAY//TURKISH LIRA PLUMMETS TO 8.09 TO THE DOLLAR//TOM LUONGO: A MUST READ COMMENTARY//PG AND E TURNS OUT THE LIGHTS IN CALIFORNIA//MANY SWAMP STORIES AND HUNTER BIDEN STORIES FOR YOU TONIGHT@!!

GOLD:$1904.00  UP $1.50

Silver:$24.30 DOWN  $0.18   London spot price ( cash market)

your data…

Closing access prices:  London spot

i)Gold : $1902.30  LONDON SPOT  4:30 pm

ii)SILVER:  $24.29//LONDON SPOT  4:30 pm

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CLOSING FUTURES PRICES:  KEY MONTHS

OCT GOLD:  1902.00  CLOSE 1.30 PM//   SPREAD SPOT/FUTURE OCT /:  $1.80-0  BACKWARD//

DEC. GOLD  $1903.70   CLOSE 1.30 PM      SPREAD SPOT/FUTURE DEC   $0.30/ BACKWARD

CLOSING SILVER FUTURE MONTH

SILVER NOV COMEX CLOSE;   $24.27…1:30 PM.//SPREAD SPOT/FUTURE SEPT//  :    ( 3 CENTS BACKWARD/

SILVER DECEMBER  CLOSE:     $24.34  1:30  PM SPREAD SPOT/FUTURE DEC.       :  4  CENTS PER OZ  CONTANGO (   0 CENTS ABOVE NORMAL) CONTANGO

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COMEX DATA

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

receiving: 14/154

EXCHANGE: COMEX
CONTRACT: OCTOBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,902.000000000 USD
INTENT DATE: 10/23/2020 DELIVERY DATE: 10/27/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
099 H DB AG 1
118 H MACQUARIE FUT 7
135 H RAND 1
323 C HSBC 100
332 H STANDARD CHARTE 22
657 C MORGAN STANLEY 15 5
657 H MORGAN STANLEY 129
661 C JP MORGAN 3
661 H JP MORGAN 11
690 C ABN AMRO 5
905 C ADM 9
____________________________________________________________________________________________

TOTAL: 154 154
MONTH TO DATE: 34,326

issued 0

GOLDMAN SACHS STOPPED 0 CONTRACTS.

NUMBER OF NOTICES FILED TODAY FOR  OCT. CONTRACT: 154 NOTICE(S) FOR 15400 OZ  (.4790 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  34,326 NOTICES FOR 3,432,600 OZ ( 106.768 tonnes)

SILVER//OCTOBER CONTRACT

0 NOTICE(S) FILED TODAY FOR nil  OZ/

total number of notices filed so far this month: 2269 for 11,345,000  oz

MARGIN REQUIREMENTS INCREASE FOR SILVER

Silver margin is now at $18,700, lowering leverage to a miniscule 6.5-1. Gold margin is now $12,650, giving it a leverage of only 15-1.

BITCOIN MORNING QUOTE  $13,163  UP 134

BITCOIN AFTERNOON QUOTE.:   $12,984   DOWN   48 DOLLARS .

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GLD AND SLV INVENTORIES:

WITH GOLD UP $1.50  AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

WE HAD A HUGE CHANGE AT THE GLD; 1.77 TONNES WITHDRAWAL

FROM THE GLD

INVENTORY RESTS:

GLD: 1,263.77 TONNES OF GOLD//

WITH SILVER DOWN 18 CENTS TODAY: AND WITH NO SILVER AROUND:

NO CHANGE IN SILVER INVENTORY AT THE SLV//

SLV561.194  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 FAIR SIZED 472 CONTRACTS FROM 158,749 UP TO 159,221 AND CLOSER TO  OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED DESPITE OUR SMALL $0.09 LOSS 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 A TINY  EXCHANGE FOR PHYSICAL (350 CONTRACTS). WE ALSO HAD ZERO LONG LIQUIDATION, AND A ZERO INCREASE IN SILVER OUNCES STANDING AT THE COMEX FOR OCT.  WE HAD A GOOD  NET GAIN IN OUR TWO EXCHANGES OF 1105 CONTRACTS  (SEE CALCULATIONS BELOW).

WE WERE  NOTIFIED  THAT WE HAD 415  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  AS WE HAD THE FOLLOWING ISSUANCE:  OCT 0;  DEC:  415, MARCH  0 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  415 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

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

11.355 MILLION OZ INITIALLY STANDING IN OCT.

FRIDAY, 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 $0.09) ).. 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 (1105) CONTRACTS). NO DOUBT THE GAIN IN OI WAS DUE TO i) HUGE BANKER/ALGO SHORT COVERING.  WE ALSO HAD  ii)  A TINY ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A  ZERO GAIN IN SILVER OZ  STANDING  FOR OCTOBER, iii) FAIR 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..

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