CHINA STOPS EXPORTS OF RARE EARTHS TO THE USA

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by Harvey Organ, Harvey Organ Blog:

COMEX OPTIONS EXPIRY TOMORROW//GOLD ROSE $30.00 TO $1808.65//SILVER UP 74 CENTS TO $27.96 AND BROKE THE 28 DOLLAR BARRIER IN THE ACCCESS MARKET// GOLD TONNAGE STANDING AT THE COMEX; 112.92 TONNES/SILVER STANDING 11.9 MILLION OZ//CORONAVIRUS UPDATES/VACCINE UPDATES// CHINA STOPS EXPORTS OF RARE EARTHS TO THE USA//IRAN VS USA: IRAN DEMANDS $1 TRILLION IN COMPENSATION FOR SANCTIONS

GOLD:$1808.65 UP  $30.00   The quote is London spot price

Silver:$27.96. UP  $0.74   London spot price ( cash market)

your data…

Closing access prices:  London spot

i)Gold : $1809.50  LONDON SPOT  4:30 pm

ii)SILVER:  $28.16//LONDON SPOT  4:30 pm

Tomorrow  is options expiry on the comex

Friday is options expiry on LBMA/OTC.

Editorial of The New York Sun | February 1, 2021

end

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COMEX DATA

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

receiving today 252/343

ISSUED: 0

GOLDMAN SACHS STOPPED 0 CONTRACTS.

EXCHANGE: COMEX
CONTRACT: FEBRUARY 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,775.800000000 USD
INTENT DATE: 02/19/2021 DELIVERY DATE: 02/23/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 333
332 H STANDARD CHARTE 17
435 H SCOTIA CAPITAL 9
624 H BOFA SECURITIES 15
657 C MORGAN STANLEY 24
661 C JP MORGAN 235
661 H JP MORGAN 17
686 C STONEX FINANCIA 3
709 H BARCLAYS 11
732 C RBC CAP MARKETS 10
880 C CITIGROUP 3
905 C ADM 9
____________________________________________________________________________________________

TOTAL: 343 343
MONTH TO DATE: 34,299

NUMBER OF NOTICES FILED TODAY FOR  FEB. CONTRACT: 343 NOTICE(S) FOR 34,300 OZ  (1.0669 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  34,299 NOTICES FOR 3,429,900 OZ  (106.684 tonnes)

SILVER//FEB CONTRACT

115 NOTICE(S) FILED TODAY FOR 575,000  OZ/

total number of notices filed so far this month: 2103 for 10,515,000  oz

BITCOIN MORNING QUOTE  $53,766,  DOWN 1753 dollars

BITCOIN AFTERNOON QUOTE.:$54,248  DOWN 1171 DOLLARS .

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:

GLD AND SLV INVENTORIES:

WITH GOLD UP $30.00  AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

WHAT A BUNCH OF CROOKS:

A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//:A WITHDRAWAL OF 5.35 PAPER TONNES FROM THE GLD.

GOLD IS UP 1.65% TODAY//GLD IS UP 1.50% AND YET WE HAVE A MASSIVE PAPER GOLD WITHDRAWAL OF 5.35 PAPER TONNES.

GLD: 1,127.64 TONNES OF GOLD//

WITH SILVER UP 74 CENTS TODAY: AND WITH NO SILVER AROUND

ANOTHER HUGE CHANGE IN SILVER INVENTORY AT THE SLV//

WHAT A BUNCH OF CRAP!!

2 HUGE WITHDRAWAL OF 2.322 MILLION OZ FROM THE SLV AND ANOTHER 6.873 MILLION OZ///WITH SILVER UP 74 CENTS!!

NO WONDER EVERYBODY IS BAILING OUT!

INVENTORY RESTS AT:

SLV: 611.685  MILLION OZ./

SO WE HAVE THE PRICE OF SILVER UP 74 CENTS OR 2.64% //SLV UP IN PRICE 4% AND YET MASSIVE INVENTORY LEAVES!(2.32 MILLION OZ)

xxxxx

GLD closing price//NYSE 169.51 UP 2.50 CENTS OR 1.50%

SLV closing price NYSE 26.27 UP $1.01 OR 4.00%

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Let us have a look at the data for today

THE COMEX OI IN SILVER FELL BY A STRONG SIZED 1491 CONTRACTS FROM 180,495 DOWN TO 179,004, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN OI OCCURRED DESPITE OUR  $0.15 GAIN IN SILVER PRICINGAT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS  DUE TO HUGE BANKER AND ALGO  SHORT COVERING//SOME REDDIT RAPTOR BUYING//COMMENCEMENT OF SPREADER LIQUIDATON..  COUPLED AGAINST A STRONG EXCHANGE FOR PHYSICAL ISSUANCE. WE ALSO HAD ZERO LONG LIQUIDATION, AND A TINY DECREASE FOR SILVER OUNCES STANDING AT THE COMEX FOR FEB. WE HAD A STRONG NET GAIN IN OUR TWO EXCHANGES OF 1896 CONTRACTS  (SEE CALCULATIONS BELOW).

WE WERE  NOTIFIED  THAT WE HAD A STRONG  NUMBER OF  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  2450,, AS WE HAD THE FOLLOWING ISSUANCE:  MARCH  2105 MAY: 345 AND ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE 2450 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.

3.950 MILLION OZ FINAL STANDING IN NOV.

46.685 MILLION OZ FINAL STANDING FOR DEC.

6.890 MILLION FINAL STANDING FOR JAN 2021

11.635  MILLION OZ INITIAL STANDING FOR FEB 2021

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 BY $0.15) ).. 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 (959 CONTRACTS). NO DOUBT THE TOTAL GAIN IN OI IN OUR TWO EXCHANGES WERE DUE TO i) HUGE BANKER/ALGO SHORT COVERING//REDDIT RAPTOR BUYING//COMMENCEMENT OF SPREADER LIQUIDATION//.  WE ALSO HAD  ii)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A TINY DECREASE  IN SILVER OZ  STANDING  FOR FEB, iii) FAIR COMEX OI LOSS AND iv) ZERO LONG LIQUIDATION. YOU CAN BET THE FARM THAT OUR BANKERS  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..

WE ARE BEGINNING TO WITNESS A LACK OF EXCHANGE FOR GOLD PHYSICALS UNDERWRITTEN DUE TO PREMIUMS STARTING TO REAPPEAR IN THE FUTURE PRICE OF GOLD VS LONDON SPOT. THE COST TO THE BANKERS IS JUST TOO GREAT TO ENGAGE IN THESE VEHICLES ONCE THIS OCCURS.

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 MAR.

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 GOLD.  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:

.

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 FEB. HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF MAR FOR SILVER:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE IN THIS NON ACTIVE MONTH OF FEB. 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 (MAR), 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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