by Harvey Organ, Harvey Organ Blog:
GOLD DOWN $16.00 TO $1888.10//SILVER DOWN 9 CENTS TO $23.81//CME INSTITUTED A HUGE 13% HIKE IN SILVER MARGINS AND GOLD MARGINS ROSE AS WELL//HUGE QUEUE JUMP IN GOLD OF 2 TONNES AS 100.8 TONNES NOW STANDING//CORONAVIRUS UPDATE//TRUMP TWEETS THAT HE WILL GO ALONG WITH SINGLE ENTITY STIMULUS RE AIRLINES AND 1200 DOLLAR PAYCHECK STIMULUS PKG//TRUMP ATTACKS ECONOMICALLY CHINA AGAIN// SWAMP STORIES FOR YOU TONIGHT
GOLD:$1888.10 DOWN $16.00 The quote is London spot price
Silver:$23.81 DOWN 9 CENTS London spot price ( cash market)
your data…
Closing access prices: London spot
i)Gold : $1888.00 LONDON SPOT 4:30 pm
ii)SILVER: $23.78//LONDON SPOT 4:30 pm
DONATE
CLOSING FUTURES PRICES: KEY MONTHS
OCT GOLD: 1881.60 CLOSE 1.30 PM// SPREAD SPOT/FUTURE OCT /: $6.50 BACKWARD!! A MAGNET FOR LONDON PURCHASERS OF GOLD!
DEC. GOLD $1890.00 CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $1.90/ CONTANGO ( $4.10 BELOW NORMAL CONTANGO) //
CLOSING SILVER FUTURE MONTH
SILVER NOV COMEX CLOSE; $23.91…1:30 PM.//SPREAD SPOT/FUTURE SEPT// : ( 10 CENTS CONTANGO/ 8 CENTS ABOVE NORMAL CONTANGO//)
SILVER DECEMBER CLOSE: $23.92 1:30 PM SPREAD SPOT/FUTURE DEC. : 11 CENTS PER OZ CONTANGO ( 5 CENTS ABOVE NORMAL) CONTANGO
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COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 553/2283
EXCHANGE: COMEX
CONTRACT: OCTOBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,901.100000000 USD
INTENT DATE: 10/06/2020 DELIVERY DATE: 10/08/2020
FIRM ORG FIRM NAME ISSUED STOPPED
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072 C GOLDMAN 333 129
099 H DB AG 56
104 C MIZUHO 1 48
118 H MACQUARIE FUT 88
132 C SG AMERICAS 11
323 C HSBC 15
332 H STANDARD CHARTE 25
355 C CREDIT SUISSE 17
435 H SCOTIA CAPITAL 9
624 C BOFA SECURITIES 2
657 C MORGAN STANLEY 170
657 H MORGAN STANLEY 220
661 C JP MORGAN 1610 461
661 H JP MORGAN 92
690 C ABN AMRO 78
709 C BARCLAYS 359
709 H BARCLAYS 404
732 C RBC CAP MARKETS 2
737 C ADVANTAGE 1
800 C MAREX SPEC 6 34
880 C CITIGROUP 30
880 H CITIGROUP 333
905 C ADM 32
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TOTAL: 2,283 2,283
issued:1610
GOLDMAN SACHS STOPPED 128 CONTRACTS.
NUMBER OF NOTICES FILED TODAY FOR OCT. CONTRACT: 2283 NOTICE(S) FOR 2,28,300 OZ (7.1010 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 22,060 NOTICES FOR 2,206,000 OZ (68.615 tonnes)
SILVER//OCTOBER CONTRACT
7 NOTICE(S) FILED TODAY FOR 35,000 OZ/
total number of notices filed so far this month: 1689 for 8,445,000 oz
BITCOIN MORNING QUOTE $10613 UP 12
BITCOIN AFTERNOON QUOTE.: $10,658 UP 59 DOLLARS .
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GLD AND SLV INVENTORIES:
WITH GOLD DOWN $16.00 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
A PAPER WITHDRAWAL OF 3.98 TONNES
GLD: 1,271.62 TONNES OF GOLD//
WITH SILVER DOWN 9 CENTS TODAY: AND WITH NO SILVER AROUND:
A PAPER DEPOSIT OF .466 MILLION OZ INTO THE SLV//
SLV: 561.566 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 STRONG SIZED 1430 CONTRACTS FROM 156,914 DOWN TO 155,555, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN OI OCCURRED WITH OUR CONSIDERABLE $0.51 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 AN EXTREMELY WEAK EXCHANGE FOR PHYSICAL (390 CONTRACTS). WE ALSO HAD SOME LONG LIQUIDATION, AND A TINY INCREASE IN SILVER OUNCES STANDING AT THE COMEX FOR OCT. WE HAD A STRONG NET LOSS IN OUR TWO EXCHANGES OF 1040 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: 390, AS WE HAD THE FOLLOWING ISSUANCE: OCT 0; DEC: 390, MARCH 0 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 390 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
9.475 MILLION OZ INITIALLY STANDING IN OCT.
TUESDAY, 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 $0.51) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A STRONG LOSS IN OUR TWO EXCHANGES (1040 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 SMALL GAIN 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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