GUGGENHEIM INVESTORS NOW TARGET NEGATIVE INTEREST RATES

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by Harvey Organ, Harvey Organ Blog:

RAIDS CONTINUE UNABATED: GOLD DOWN $17.70 RO $1717.40//SILVER DOWN 58 CENTS TO $26.30//GOLD TONNAGE STANDING AT THE COMEX INCREASES UP TO 15.8 TONNES/SILVER STANDING: 52 MILLION OZ//CORONAVIRUS UPDATES//VACCINE UPDATES//CHINA VS USA//USA AND EU HIT RUSSIA WITH SANCTIONS ON THE POISONING OF RUSSIAN OPPOSITION LEADER//10 ROCKETS AGAIN SLAM INTO THE USA BASE IN IRAQ//USA SERVICE PMI DOWN BADLY: SERVICE SECTOR IS 70% OF GDP//5 YEAR/BREAKEVENS SKYROCKET 2.5% INDICATING RAMPANT INFLATION COMING//GUGGENHEIM INVESTORS NOW TARGET NEGATIVE INTEREST RATES//CRISIS AT THE BORDER: USA NEEDS 20,000 FOR MIGRANT CHILDREN COMING IN FROM MEXICO//ECONOMIC DATA//SWAMP STORIES FOR YOU TONIGHT

TRUTH LIVES on at https://sgtreport.tv/

GOLD:$1717.40 DOWN  $17.70   The quote is London spot price

Silver:$26,30. DOWN  $0.58   London spot price ( cash market)

PLATINIUM  $1178.30 DOWN $45.60 PER OZ

PALLADIUM:  2356.00 DOWN 23.00 PER OZ

your data…

Closing access prices:  London spot//GOLD AND SILVER

i)Gold : $1711.50  LONDON SPOT  4:30 pm

ii)SILVER:  $26.07//LONDON SPOT  4:30 pm

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 0/939

EXCHANGE: COMEX
CONTRACT: MARCH 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,733.100000000 USD
INTENT DATE: 03/02/2021 DELIVERY DATE: 03/04/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 16
323 C HSBC 256
332 H STANDARD CHARTE 881
435 H SCOTIA CAPITAL 86
624 H BOFA SECURITIES 27
657 C MORGAN STANLEY 11
661 C JP MORGAN 415
686 C STONEX FINANCIA 3
690 C ABN AMRO 110
737 C ADVANTAGE 30 15
800 C MAREX SPEC 28
____________________________________________________________________________________________

TOTAL: 939 939
MONTH TO DATE: 4,947

issued:  415

Goldman Sachs:  stopped:  16

NUMBER OF NOTICES FILED TODAY FOR  MAR. CONTRACT: 939 NOTICE(S) FOR 93,900 OZ  (2.920 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  4947 NOTICES FOR 494700  OZ  (15,374 tonnes)

SILVER//MAR CONTRACT

69 NOTICE(S) FILED TODAY FOR 345,000  OZ/

total number of notices filed so far this month: 7661 for 38,305,000  oz

BITCOIN MORNING QUOTE  $52,049,  UP 4725 dollars

BITCOIN AFTERNOON QUOTE.:$50,554  UP 3230 DOLLARS .

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:

GLD AND SLV INVENTORIES:

WITH GOLD DOWN $17.70  AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

WE HAVE BEEN WITNESSING HUGE WITHDRAWALS WHETHER GOLD IS UP OR DOWN.

IT SEEMS TO BE THAT IN GOLD, THE BANK OF ENGLAND WANTS ITS GOLD LEASE BACK EVEN THOUGH THE GOLD IS IN THE B OF E VAULTS.  THE RISK OF DEFAULT BY THE GLD IS TOO GREAT FOR THEM SO THEY NO DOUBT THEY ARE CANCELLING THEIR LEASES WITH GLD

(THE SAME CAN BE SAID FOR SILVER AS JPMORGAN CALLS IN ITS LEASES TO SLV)

A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//:FINALLY A DEPOSIT OF: 2.62 PAPER TONNES FROM THE GLD.

GLD: 1,087.12 TONNES OF GOLD//

WITH SILVER DOWN 58 CENTS TODAY: AND WITH NO SILVER AROUND

A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3.774

SLV: 605.531  MILLION OZ./

xxxxx

GLD closing price//NYSE 160.62 DOWN $1.79 OR  1.10%

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SLV closing price NYSE 24.28  DOWN $0.52 OR 2.10%

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Let us have a look at the data for today

THE COMEX OI IN SILVER FELL BY A TINY SIZED 264 CONTRACTS FROM 158,613 DOWN TO 158,349, AND  FURTHER FROM NEW RECORD OF 244,710, (FEB 25/2020. THE FALL IN OI OCCURRED DESPITE OUR  $0.19 GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS  DUE TO HUGE BANKER AND ALGO  SHORT COVERING//HUGE REDDIT RAPTOR BUYING//.. COUPLED AGAINST A STRONG SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE ALSO HAD ZERO LONG LIQUIDATION ,BUT A STRONG DECREASE STANDING AT THE COMEX FOR MAR. WE HAD A STRONG NET GAIN IN OUR TWO EXCHANGES OF 929 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:  1031,, AS WE HAD THE FOLLOWING ISSUANCE:  MARCH  0 MAY:1031 AND ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE 1031 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

12.020  MILLION OZ FINAL STANDING FOR FEB 2021

52.880 MILLION OZ INITIAL STANDING FOR MARCH 2021

MONDAY,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 $0.19) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE  SOMEWHAT UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A STRONG GAIN IN OUR TWO EXCHANGES (767 CONTRACTS). NO DOUBT THE TOTAL GAIN IN OI IN OUR TWO EXCHANGES WERE DUE TO i) HUGE BANKER/ALGO SHORT COVERING// STRONG REDDIT RAPTOR BUYING//.  WE ALSO HAD  ii)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A STRONG DECREASE IN  STANDING FOR SILVER  FOR MAR, iii) TINY 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.

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS

MAR

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY /FOR MONTH OF MAR:

4799 CONTRACTS (FOR 3 TRADING DAY(S) TOTAL 4799 CONTRACTS) OR 23.99 MILLION OZ: (AVERAGE PER DAY: 1599 CONTRACTS OR 7.998 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF MAR: 23.99 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON.

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF MAR: 23.99MILLION PAPER OZ HAVE MORPHED OVER TO LONDON.

JAN EFP ACCUMULATION FINAL:  113.735 MILLION OZ

FEB EFP ACCUMULATION FINAL:   208.18 MILLION OZ (RAPIDLY INCREASING AGAIN)

MAR EFP ACCUMULATION SO FAR: A STRONG: 23.99 MILLION OZ (SLOWING DOWN AGAIN)

RESULT: WE HAD A TINY SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 102, DESPITE OUR  $0.19 GAIN IN SILVER PRICING AT THE COMEX ///TUESDAY .…THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 1031 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE GAINED A STRONG SIZED 929 OI CONTRACTS ON THE TWO EXCHANGES (WITH OUR $0.19 GAIN IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e 1031 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s)TOGETHER WITH A TINY SIZED DECREASE OF 264 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR $0.19 GAIN IN PRICE OF SILVER/AND A CLOSING PRICE OF $26.88 // TUESDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY. 

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