USA TREASURIES BREAK ABOVE 1.75% DURING THE DAY AND CLOSE AT 1.71%

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by Harvey Organ, Harvey Organ Blog:

RUN ON THE BANK (COMEX) CONTINUES: 5.5 TONNES OF GOLD LEAVES/IN SILVER 1.62 MILLION OZ IS RECEIVED AND THEN 1.63 MILLION OZ LEAVES! COMEX IN BIG STRESS: GOLD RISES $5.40 TO $1734.20//SILVER UP 28 CENTS TO $26.29//HUGE ADVANCE IN GOLD STANDING AT THE COMEX TO 29.5 TONNES/SILVER STANDING: 56.1 MILLION OZ//CORONAVIRUS UPDATES/VACCINE UPDATES//ZOLTAN ON SLR..A MUST READ// USA TREASURIES BREAK ABOVE 1.75% DURING THE DAY AND CLOSE AT 1.71%// JOBLESS CLAIMS STILL REMAIN EXTREMELY HIGH//OIL PRICE COLLAPSES TODAY//USA SOUTHERN BORDER A MESS!!/SWAMP STORIES FOR YOU TONIGHT

GOLD:$1734.20 UP $5.40   The quote is London spot price

Silver:$26.29 UP  $0.28   London spot price ( cash market)

PLATINUM AND PALLADIUM PRICES BY KITCO

PLATINIUM  $1201.00 DOWN $4.00

PALLADIUM: 2584.50 UP $98.00. PER OZ

Closing access prices:  London spot//GOLD AND SILVER

i)Gold : $1736.30  LONDON SPOT  4:30 pm

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

James McShirley on the pricing of gold eagles/and silver eagles:

Even the TV pundits are now asking, without bothering to investigate, “what’s wrong with gold?” Yes indeed, what’s wrong with gold, other than a relentless daily cartel assault on PAPER gold. The physical coin premiums are widening out to spot. Gold Eagles are showing $200+ to spot, Silver Eagles $10+ to spot, if you can even find them. Supply and demand- fuggettaboutit. The more dollars printed the more valuable they become, and the more scarce gold and silver are the lower their prices go, so sayeth the Working Group.

Jim McShirley

Editorial of The New York Sun | February 1, 2021

end

Editorial of The New York Sun | February 1, 2021

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COMEX DATA

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

receiving today 36/212

issued:  0

Goldman Sachs:  stopped:  0

NUMBER OF NOTICES FILED TODAY FOR  MAR. CONTRACT:  212 NOTICE(S) FOR 21200 OZ  (0.6594 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  8439 NOTICES FOR 843900  OZ  (26.248 tonnes)

SILVER//MAR CONTRACT

41 NOTICE(S) FILED TODAY FOR 205,000  OZ/

total number of notices filed so far this month: 10,180 for 50,900,000  oz

BITCOIN MORNING QUOTE  $58,069,  UP 148 dollars

BITCOIN AFTERNOON QUOTE.:$54,015 DOWN 3906  DOLLARS .

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GLD AND SLV INVENTORIES:

Gold

WITH GOLD UP $5.40  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 WITHDRAWAL OF: 2.04 PAPER TONNES FROM THE GLD.

GLD: 1,048.28 TONNES OF GOLD//

Silver

WITH SILVER UP 28 CENTS TODAY: AND WITH NO SILVER AROUND

AT 3:00 PM EST

A HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF 2.507 MILLION OZ FROM THE SLV

INVENTORY RESTS AT:

SLV: 589.931  MILLION OZ./

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GLD closing price//NYSE 163.51 UP $1.16 OR  0.71%

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SLV closing price NYSE 24.42  UP $0.32 OR 1.33%

Today was FOMC day and Powell did absolutely nothing to his plot for interest rate hikes.  However he did provide more room for counterparties in the REPO game.  For the past week, the volume in Rep-Treasury 10 yr was zero and the rate .01%. Now with more room for counterparty limits, the Fed is comfortable with a little negative interest rates. That should cause gold and silver to skyrocket.

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Let us have a look at the data for today

THE COMEX OI IN SILVER ROSE BY A STRONG SIZED 1653 CONTRACTS FROM 159,092 UP TO 160,755, AND CLOSER TO  A NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR TINY $0.05 GAIN IN SILVER PRICING AT THE COMEX  ON WEDNESDAY. IT SEEMS THAT THE GAIN IN COMEX OI IS  DUE TO A HUMONGOUS BANKER AND ALGO  SHORT COVERING !//HUGE REDDIT RAPTOR BUYING//.. COUPLED AGAINST A FAIR EXCHANGE FOR PHYSICAL ISSUANCE. WE ALSO HAD ZERO LONG LIQUIDATION  AND A TINY DECREASE STANDING AT THE COMEX FOR MAR. WE HAD A STRONG NET GAIN IN OUR TWO EXCHANGES OF 2523 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:  870,, AS WE HAD THE FOLLOWING ISSUANCE:  MARCH  0 MAY:  870 AND ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE 870 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

56.025 MILLION OZ INITIAL STANDING FOR MARCH 2021

WEDNESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER TRYING TO LIQUIDATE SILVER’S PRICE …AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.05) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS.  WE HAD A STRONG GAIN OUR TWO EXCHANGES (2523 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 FAIR ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A TINY DECREASE IN STANDING FOR SILVER  FOR MAR, iii) STRONG COMEX OI GAIN 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:

13,671 CONTRACTS (FOR 14 TRADING DAY(S) TOTAL 13,671 CONTRACTS) OR 68.355 MILLION OZ: (AVERAGE PER DAY: 977 CONTRACTS OR 4.8825 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF MAR: 68.355 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: 68.355MILLION 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: 68.355 MILLION OZ  (DRAMATICALLY SLOWING DOWN AGAIN)

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1791, DESPITE OUR TINY  $0.05 GAIN IN SILVER PRICING AT THE COMEX ///WEDNESDAY .…THE CME NOTIFIED US THAT WE HAD A FAIR SIZED EFP ISSUANCE OF 870 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE HAD A STRONG SIZED GAIN OF 2661 OI CONTRACTS ON THE TWO EXCHANGES (DESPITE OUR TINY $0.05 GAIN IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e  870 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s)TOGETHER WITH A STRONG SIZED INCREASE OF 1791 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR $0.05 GAININ PRICE OF SILVER/AND A CLOSING PRICE OF $26.01 //WEDNESDAY’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: 41 NOTICE(S) FOR  205,000, 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)

GOLD

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 3259 CONTRACTS TO 479,726, AND CLOSER TO OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE  INCREASE IN COMEX OI OCCURRED DESPITE OUR LOSS IN PRICE  OF $3.65///COMEX GOLD TRADING/WEDNESDAY.WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR  PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION.. WE ALSO HAD A HUMONGOUS ADVANCE IN GOLD STANDING  AT THE COMEX TO 29.527 TONNES FOR MARCH..

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