by Harvey Organ, Harvey Organ Blog:
USA ELECTION STORIES//MASSIVE RAID TODAY AS OPTIONS EXPIRY ON THE COMEX IS TOMORROW: GOLD DOWN $33.95 TO $1840.25//SILVER DOWN $.70 TO 23.62//HUGE ADVANCE IN GOLD TONNAGE STANDING AT THE COMEX: UP TO 24.438 TONNES//NO CHANGE IN SILVER OZ STANDING//CORONAVIRUS UPDATES USA AND THE GLOBE//USA VS CHINA//SWAMP STORIES FOR YOU TONIGHT
GOLD:$1840.25 DOWN $33.95 The quote is London spot price
Silver:$23.62 DOWN $.70 London spot price ( cash market)
Closing access prices: London spot
i)Gold : $1838.50 LONDON SPOT 4:30 pm
ii)SILVER: $23.58//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
DEC. GOLD $1837.00. CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $3.25/ BACKWARD // GOOD FOR EFP ISSUANCE//GOOD FOR EUROPEANS TO BUY COMEX GOLD///
FEB GOLD: 1843.00 CLOSE 1:30 PM SPREAD SPOT/FUTURE: $2.75 CONTANGO//$3.25 BELOW NORMAL CONTANGO
CLOSING SILVER FUTURE MONTH
SILVER DECEMBER CLOSE: $23.62 1:30 PM SPREAD SPOT/FUTURE DEC. : 0 CENTS PER OZ CONTANGO ( 0 CENTS ABOVE NORMAL CONTANGO
SILVER MARCH CLOSE: 24.74/SPREAD SPOT/FUTURE: A 12 CENTS
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: 0/1891
EXCHANGE: COMEX
CONTRACT: NOVEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,872.600000000 USD
INTENT DATE: 11/20/2020 DELIVERY DATE: 11/24/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
435 H SCOTIA CAPITAL 2
657 C MORGAN STANLEY 27
657 H MORGAN STANLEY 200
661 C JP MORGAN 95
661 H JP MORGAN 1075
690 C ABN AMRO 450
709 C BARCLAYS 1889
737 C ADVANTAGE 5
800 C MAREX SPEC 31
905 C ADM 8
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TOTAL: 1,891 1,891
MONTH TO DATE: 7,844
issued:1170
GOLDMAN SACHS STOPPED 0 CONTRACTS.
NUMBER OF NOTICES FILED TODAY FOR NOV. CONTRACT: 1891 NOTICE(S) FOR 189,100 OZ (5.88100 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 7844 NOTICES FOR 784,400 OZ (24.598 tonnes)
SILVER//NOV CONTRACT
0 NOTICE(S) FILED TODAY FOR nil OZ/
total number of notices filed so far this month: 785 for 3,925,000 oz
BITCOIN MORNING QUOTE $18619 UP 195
BITCOIN AFTERNOON QUOTE. :$18,380 DOWN 34 DOLLARS .
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GLD AND SLV INVENTORIES:
WITH GOLD DOWN $33.95 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
A HUGE CHANGES IN GOLD INVENTORY AT THE GLD
A DEPSOIT OF 2.9 TONNES INTO THE GLD
INVENTORY RESTS AT:
GLD: 1,220.17 TONNES OF GOLD//
WITH SILVER DOWN 70 CENTS TODAY: AND WITH NO SILVER AROUND:
A HUGE CHANGES IN SILVER INVENTORY AT THE SLV
A WITHDRAWAL OF 2.046 MILLION OZ FROM THE SL
INVENTORY RESTS AT:
SLV: 560.537 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 HUGE SIZED 4625 CONTRACTS FROM 160,360 UP TO 164,985, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN OI OCCURRED DESPITE OUR RISE OF $0.32 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. WE HAD ZERO LONG LIQUIDATION, AND A ZERO INCREASE IN STANDING AT THE COMEX FOR NOV. WE HAD A STRONG GAIN IN OUR TWO EXCHANGES OF 4966 CONTRACTS (SEE CALCULATIONS BELOW).
WE WERE NOTIFIED THAT WE HAD A SMALL NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: 341, AS WE HAD THE FOLLOWING ISSUANCE: DEC: 141, MARCH 200 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 341 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 AS MANY AS THEY CAN!
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
11.400 MILLION OZ FINAL STANDING IN OCT.
3.935 MILLION OZ INITIAL STANDING IN NOV.
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 $.32) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A HUGE GAIN IN OUR TWO EXCHANGES (4966 CONTRACTS). NO DOUBT THE STRONG GAIN IN OI ON THE TWO EXCHANGES WAS DUE TO i) STRONG BANKER/ STRONG ALGO SHORT COVERING. WE ALSO HAD ii) A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A ZERO GAIN IN SILVER OZ STANDING FOR NOV, iii) HUGE 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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