by Harvey Organ, Harvey Organ Blog:
HUGE STORY RE HUNTER AND JOE BIDEN/JOE BIDEN SOLD OUT HIS COUNTRY FOR CASH: COMPLETE STORY AT BOTTOM OF COMMENTARY//GOLD UP $5.15 TO $1908.50//SILVER UP 27 CENTS TO $24.56//GOLD STANDING:103.486 TONNES//SILVER AT 11.2 MILLION OZ//THE CROOKS RAISED MARGIN REQUIREMENTS AGAIN FOR GOLD AND SILVER//CORONAVIRUS UPDATES THE GLOBE SATURDAY THROUGH MONDAY/EU BLINKS RE BREXIT!//CHINA THREATENS CANADA NOT TO TAKE ANY MORE HONG KONGERS OR ELSE!! TRUDEAU NOT LISTENING!//MARKETS TANK ON NO STIMULUS DEAL/HUGE SWAMP STORIES FOR YOU TONIGHT
GOLD:$1908.50 UP $5.15 The quote is London spot price
Silver:$24.56 UP $0.27 London spot price ( cash market)
your data…
CLOSING FUTURES PRICES: KEY MONTHS
OCT GOLD: 1907.80 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: $0.75 BACKWARD//
DEC. GOLD $1910/.55 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $2.00/ CONTANGO ( $2.00 BELOW NORMAL CONTANGO) //
CLOSING SILVER FUTURE MONTH
SILVER NOV COMEX CLOSE; $24.67…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : ( 11 CENTS CONTANGO/ 11 CENTS ABOVE NORMAL CONTANGO//)
SILVER DECEMBER CLOSE: $24.65 1:30 PM SPREAD SPOT/FUTURE DEC. : 9 CENTS PER OZ CONTANGO ( 5 CENTS ABOVE NORMAL) CONTANGO
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving: 3/7
EXCHANGE: COMEX
CONTRACT: OCTOBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,900.800000000 USD
INTENT DATE: 10/16/2020 DELIVERY DATE: 10/20/2020
FIRM ORG FIRM NAME ISSUED STOPPED
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332 H STANDARD CHARTE 1
657 H MORGAN STANLEY 1
661 C JP MORGAN 1
661 H JP MORGAN 2
709 C BARCLAYS 1
709 H BARCLAYS 1
800 C MAREX SPEC 7
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TOTAL: 7 7
MONTH TO DATE: 32,101
ISSUED:0
GOLDMAN SACHS STOPPED 0 CONTRACTS.
NUMBER OF NOTICES FILED TODAY FOR OCT. CONTRACT: 7 NOTICE(S) FOR 700 OZ (0.02177 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 32,101 NOTICES FOR 3,210,100 OZ ( 99.847 tonnes)
SILVER//OCTOBER CONTRACT
194 NOTICE(S) FILED TODAY FOR 970,000 OZ/
total number of notices filed so far this month: 2188 for 10,940,000 oz
MARGIN REQUIREMENTS INCREASE FOR SILVER
BITCOIN MORNING QUOTE $11475 DOWN 27
BITCOIN AFTERNOON QUOTE.: $11,665 UP 162 DOLLARS .
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GLD AND SLV INVENTORIES:
WITH GOLD UP $5.15 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
WE LOST A HUGE 4.5 PAPER TONNES FROM GLD INVENTORY
GLD: 1,272.56 TONNES OF GOLD//
WITH SILVER UP 27 CENTS TODAY: AND WITH NO SILVER AROUND:
NO CHANGE IN SILVER INVENTORY AT THE SLV///
SLV: 563.519 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 341 CONTRACTS FROM 156,465 UP TO 156,806 AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR $0.15 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 A MINISCULE EXCHANGE FOR PHYSICAL (16 CONTRACTS). WE ALSO HAD ZERO LONG LIQUIDATION, AND A HUGE INCREASE IN SILVER OUNCES STANDING AT THE COMEX FOR OCT. WE HAD A FAIR NET GAIN IN OUR TWO EXCHANGES OF 635 CONTRACTS (SEE CALCULATIONS BELOW).
WE WERE NOTIFIED THAT WE HAD 16 COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: AS WE HAD THE FOLLOWING ISSUANCE: OCT 0; DEC: 16, MARCH 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 16 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
11.175 MILLION OZ INITIALLY STANDING IN OCT.
FRIDAY, 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 $0.15) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A FAIR GAIN IN OUR TWO EXCHANGES (635 CONTRACTS). NO DOUBT THE GAIN IN OI WAS DUE TO i) HUGE BANKER/ALGO SHORT COVERING. WE ALSO HAD ii) A MINISCULE ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A HUGE 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..
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:
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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.”
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