USA BANKS RECEIVED 9 TRILLION IN OVERNIGHT LOANS RE THE REPO DISASTER IN 2020

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by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $15.00 TO $1702/40//SILVER DOWN 31 CENTS TO $25.23//GOLD STANDING AT THE COMEX RISES TO 18.8 TONNES/SILVER OZ STANDING RISES TO 53.3 MILLION OZ//CORONAVIRUS UPDATES//USA BANKS RECEIVED 9 TRILLION IN OVERNIGHT LOANS RE THE REPO DISASTER IN 2020//10 YR USA TREASURY: -3.10 VS REPO//FALLOUT FROM POWELL’S SILENCE YESTERDAY//OIL RISES TO $69//HUGE PAYROLL BEAT OF 379,000 JOBS/TRADE DEFICIT WIDENS TO $68.2 BILLION FROM $67.1 BILLION LAST MONTH//SWAMP STORIES FOR YOU TONIGHT

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

GOLD:$1702.40 DOWN  $15.00   The quote is London spot price

Silver:$25.23. DOWN  $0.31   London spot price ( cash market)

PLATINIUM  $1135.30 DOWN $46.50 PER OZ

PALLADIUM:  2342.00 DOWN 11.60 PER OZ

your data…

Closing access prices:  London spot//GOLD AND SILVER

i)Gold : $1701.50  LONDON SPOT  4:30 pm

ii)SILVER:  $25.25//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  0/321

EXCHANGE: COMEX
CONTRACT: MARCH 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,700.200000000 USD
INTENT DATE: 03/04/2021 DELIVERY DATE: 03/08/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 1
332 H STANDARD CHARTE 313
435 H SCOTIA CAPITAL 51
624 H BOFA SECURITIES 1
686 C STONEX FINANCIA 1
709 C BARCLAYS 264
737 C ADVANTAGE 3 6
800 C MAREX SPEC 2
____________________________________________________________________________________________

TOTAL: 321 321
MONTH TO DATE: 5,365

issued:  0

Goldman Sachs:  stopped:  1

NUMBER OF NOTICES FILED TODAY FOR  MAR. CONTRACT:321 NOTICE(S) FOR 32,100 OZ  (0.9984 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  5365 NOTICES FOR 536500  OZ  (16,687 tonnes)

SILVER//MAR CONTRACT

431 NOTICE(S) FILED TODAY FOR 215,000  OZ/

total number of notices filed so far this month: 8927 for 44,635,000  oz

BITCOIN MORNING QUOTE  $47,492,  DOWN 695 dollars

BITCOIN AFTERNOON QUOTE.:$49,190  UP 1003 DOLLARS .

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GLD AND SLV INVENTORIES:

Gold

WITH GOLD DOWN $15.00  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//:A HUGE WITHDRAWAL OF: 4.08 PAPER TONNES FROM THE GLD.

GLD: 1,078.30 TONNES OF GOLD//

Silver

WITH SILVER DOWN 31 CENTS TODAY: AND WITH NO SILVER AROUND

TWO HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A MONSTROUS WITHDRAWAL OF 6.501 MILLION OZ AT 3 PM EST

AND ANOTHER ONE AT 5:20 PM 3.90 MILLION OZ//  TOTAL LOSS: 10.401 MILLION OZ

SLV: 596.616  MILLION OZ./

xxxxx

GLD closing price//NYSE 159.14 UP $0.10 OR  0.06%

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SLV closing price NYSE 23.36  DOWN $0.20 OR 0.85%

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Let us have a look at the data for today

THE COMEX OI IN SILVER FELL BY A STRONG SIZED 1570 CONTRACTS FROM 156,682 DOWN TO 155,271, AND  FURTHER FROM NEW RECORD OF 244,710, (FEB 25/2020. THE FALL IN OI OCCURRED WITH OUR VERY STRONG  $0.74 FALL 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 VERY STRONG SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE ALSO HAD ZERO LONG LIQUIDATION AND A STRONG INCREASE STANDING AT THE COMEX FOR MAR. WE HAD A SMALL NET GAIN IN OUR TWO EXCHANGES OF 416 CONTRACTS  (SEE CALCULATIONS BELOW).

WE WERE  NOTIFIED  THAT WE HAD A VERY STRONG  NUMBER OF  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  1986,, AS WE HAD THE FOLLOWING ISSUANCE:  MARCH  0 MAY:1986 AND ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE 1986 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

53.375 MILLION OZ INITIAL STANDING FOR MARCH 2021

THURSDAY,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 BY $0.74) ).. BUT, OUR OFFICIAL SECTOR/BANKERS WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A SMALL GAIN  OUR TWO EXCHANGES (416 CONTRACTS). NO DOUBT THE TOTAL LOSS IN OI IN OUR TWO EXCHANGES WERE DUE TO i) HUGE BANKER/ALGO SHORT COVERING// STRONG REDDIT RAPTOR BUYING//.  WE ALSO HAD  ii)  A  VERY STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A STRONG INCREASE IN  STANDING FOR SILVER  FOR MAR, iii) STRONG 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:

7902 CONTRACTS (FOR 5 TRADING DAY(S) TOTAL 7902 CONTRACTS) OR 39.51 MILLION OZ: (AVERAGE PER DAY: 1580 CONTRACTS OR 7.902 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF MAR: 39.51 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: 39.51MILLION 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: 39.51 MILLION OZ (SLOWING DOWN A LITTLE)

RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1570, WITH OUR  $0.74 LOSS IN SILVER PRICING AT THE COMEX ///THURSDAY .…THE CME NOTIFIED US THAT WE HAD A VERY STRONG SIZED EFP ISSUANCE OF 1986 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE GAINED A SMALL SIZED 575 OI CONTRACTS ON THE TWO EXCHANGES (DESPITE OUR $0.74 LOSS IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e 1986 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s)TOGETHER WITH A STRONG SIZED DECREASE OF 1570 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR $0.74 LOSS IN PRICE OF SILVER/AND A CLOSING PRICE OF $25.56 // THURSDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY. 

FOR THE NEW MAR.  DELIVERY MONTH/ THEY FILED AT THE COMEX: 431 NOTICE(S) FOR  2,155,00, OZ OF SILVER.

IN SILVER,PRIOR TO TODAY, WE  SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.70//TODAY’S RECORD OF 244,705 WAS SET WITH A PRICE OF: 18.91 (FEB 25/2020)

AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND.  TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN  (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)

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