by Harvey Organ, Harvey Organ Blog:
GOLD DOWN $9.30 TO $1902.80//SILVER DOWN 17 CENTS TO $23.88//COMEX GOLD TONNAGE UP TO 95.37 TONNES/SILVER CLOSE TO 9 MILLION OZ STANDING: TRUMP TESTS POSITIVE FOR COVID 19//CORONAVIRUS UPDATE// TED BUTLER AND ALASDAIR MACLEOD: READING MATERIAL THIS WEEKEND//JOBS REPORT (FAKE)//FACTORY ORDERS WEAK
GOLD:$1902.80 DOWN $9.30 The quote is London spot price
Silver:$23.88 DOWN $0.17 London spot price ( cash market)
your data…
Closing access prices: London spot
i)Gold : $1900.90 LONDON SPOT 4:30 pm
ii)SILVER: $23.76//LONDON SPOT 4:30 pm
DONATE
CLOSING FUTURES PRICES: KEY MONTHS
OCT GOLD: 1901.50 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: $1.30 BACKWARD!! A MAGNET FOR LONDON PURCHASERS OF GOLD!
DEC. GOLD $1904.20 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $1.40/ CONTANGO ( $4.50 BELOW NORMAL CONTANGO) //
CLOSING SILVER FUTURE MONTH
SILVER NOV COMEX CLOSE; $24.00…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : ( 12 CENTS CONTANGO/ABOVE NORMAL CONTANGO//)
SILVER DECEMBER CLOSE: $23.91 1:30 PM SPREAD SPOT/FUTURE DEC. : 3 CENTS PER OZ CONTANGO ( 3 CENTS BELOW NORMAL CONTANGO )
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COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 1173/4015
EXCHANGE: COMEX
CONTRACT: OCTOBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,908.400000000 USD
INTENT DATE: 10/01/2020 DELIVERY DATE: 10/05/2020
FIRM ORG FIRM NAME ISSUED STOPPED
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072 C GOLDMAN 666 254
099 H DB AG 115
104 C MIZUHO 50
118 H MACQUARIE FUT 181
132 C SG AMERICAS 23
135 H RAND 1
167 C MAREX 100
323 C HSBC 3
332 H STANDARD CHARTE 51
355 C CREDIT SUISSE 36
435 H SCOTIA CAPITAL 8
624 C BOFA SECURITIES 4
657 C MORGAN STANLEY 1 216
657 H MORGAN STANLEY 198
661 C JP MORGAN 3226 985
661 H JP MORGAN 188
690 C ABN AMRO 162
709 C BARCLAYS 735
709 H BARCLAYS 678
732 C RBC CAP MARKETS 6
737 C ADVANTAGE 2
800 C MAREX SPEC 18 58
880 C CITIGROUP 33
905 C ADM 4 28
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TOTAL: 4,015 4,015
MONTH TO DATE: 16,406
issued:3226
GOLDMAN SACHS STOPPED 254 CONTRACTS.
NUMBER OF NOTICES FILED TODAY FOR OCT. CONTRACT: 4015 NOTICE(S) FOR 401500 OZ (12.49 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 16.406 NOTICES FOR 1,640,600 OZ (51.029 tonnes)
SILVER//OCTOBER CONTRACT
162 NOTICE(S) FILED TODAY FOR 810,000 OZ/
total number of notices filed so far this month: 1207 for 6,035,000 oz
BITCOIN MORNING QUOTE $10799 DOWN 145
BITCOIN AFTERNOON QUOTE.: $10,518 DOWN 100 DOLLARS .
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GLD AND SLV INVENTORIES:
WITH GOLD DOWN $7.30 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//
A DEPOSIT OF 9.3 TONNES INTO THE GLD
GLD: 1,278.19 TONNES OF GOLD//
WITH SILVER DOWN 17 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 ROSE BY A GOOD SIZED 574 CONTRACTS FROM 154,828 UP TO 155,402, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR STRONG $0.66 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 WEAK EXCHANGE FOR PHYSICAL. WE ALSO HAD ZERO LONG LIQUIDATION, AND A HUGE INCREASE IN SILVER OUNCES STANDING AT THE COMEX FOR OCT. WE HAD A STRONG NET GAIN IN OUR TWO EXCHANGES OF 1135 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: 450, AS WE HAD THE FOLLOWING ISSUANCE: OCT 0; DEC: 450, MARCH 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 450 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
8.900 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 $0.66) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A STRONG GAIN IN OUR TWO EXCHANGES (1135 CONTRACTS). NO DOUBT THE GAIN IN OI WAS DUE TO i)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..
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