FOMC STATEMENT: POWELL NOT WORRIED ABOUT INFLATION ONLY JOBS: THAT PUTS A FIRE UNDER GOLD

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by Harvey Organ, Harvey Organ Blog:

GOLD UP $1.00 TO $1801.25//SILVER UP 20 CENTS TO $24.83//GOLD STANDING AT THE COMEX FOR JULY: 7.25 TONNES/SILVER STANDING 33.5 MILLION OZ//CORONAVIRUS UPDATES// PLETHORA OF VACCINE UPDATES: MAJOR STORIES TONIGHT//FOMC STATEMENT: POWELL NOT WORRIED ABOUT INFLATION ONLY JOBS: THAT PUTS A FIRE UNDER GOLD/SILVER IN THE ACCESS MARKET// SWAMPS STORIES FOR YOU TONIGHT

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

GOLD:$1801.25 UP $1.00  The quote is London spot price

Silver:$24.83  UP 20 CENTS  London spot price ( cash market)

Closing access prices:  London spot

i)Gold : $1806.70 LONDON SPOT  4:30 pm

ii)SILVER:  $24.94//LONDON SPOT  4:30 pm

We have now entered options expiry for OTC/LBMA  July 30/2021 this Friday. This is a criminal operation but the regulators are too busy playing poker on POKER stars.

PLATINUM AND PALLADIUM PRICES BY GOLD-EAGLE (MORE ACCURATE)

PLATINUM  $1070.66  UP $8.40

PALLADIUM: $2627.25  UP $7.08  PER OZ.

 

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Editorial of The New York Sun | February 1, 2021

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COMEX DETAILS//NOTICES FILED

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

receiving today  0/1

EXCHANGE: COMEX
CONTRACT: JULY 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,799.500000000 USD
INTENT DATE: 07/27/2021 DELIVERY DATE: 07/29/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
657 C MORGAN STANLEY 1
905 C ADM 1
____________________________________________________________________________________________

TOTAL: 1 1
MONTH TO DATE: 2,331

ISSUED:  0

Goldman Sachs:  stopped: 0

NUMBER OF NOTICES FILED TODAY FOR  JULY. CONTRACT: 1 NOTICE(S) FOR 100 OZ  (0.000311 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR THIS MONTH:  2331 FOR 233,100 OZ  (7,2503 TONNES)

 

SILVER//JULY CONTRACT

14 NOTICE(S) FILED TODAY FOR 70,000  OZ/

total number of notices filed so far this month 6674  :  for 33,370,000  oz

BITCOIN MORNING QUOTE  $40,386 UP 3821  DOLLARS

 

BITCOIN AFTERNOON QUOTE.:$38,552 UP 1987  DOLLARS

 

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GLD AND SLV INVENTORIES:

GLD AND SLV INVENTORIES:

Gold

WITH GOLD UP  $1.00 AND NO PHYSICAL TO BE FOUND ANYWHERE:

NO CHANGES IN GOLD INVENTORY AT THE GLD:

 

WITH RESPECT TO GLD WITHDRAWALS:  (OVER THE PAST FEW MONTHS)

 

GOLD IS “RETURNED” TO THE BANK OF ENGLAND WHEN CALLING IN THEIR LEASES: THE GOLD NEVER LEAVES THE BANK OF ENGLAND IN THE FIRST PLACE. THE BANK IS PROTECTING ITSELF IN CASE OF COMMERCIAL FAILURE

THIS IS A MASSIVE FRAUD!!

GLD  1025.64 TONNES OF GOLD//

Silver

AND WITH NO SILVER AROUND  TODAY: WITH SILVER UP 20 CENTS

NO CHANGE IN SILVER INVENTORY AT THE SLV//..

WITH REGARD TO SILVER WITHDRAWALS FROM THE SLV:

THE SILVER WITHRAWALS ARE ACTUALLY “RETURNED” TO JPM, AS JPMORGAN CALLS IN ITS LEASES WITH THE SLV FUND.  (THE STORY IS THE SAME AS THE BANK OF ENGLAND’S GOLD). THE SILVER NEVER LEAVES JPMORGAN’S VAULT. THEY ARE CALLING IN THEIR LEASES FOR FEAR OF SOLVENCY ISSUES.

INVENTORY RESTS AT:

 

555.428  MILLION OZ./SLV

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GLD closing price//NYSE 169.27 UP $0.83 OR 0.49%

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SLV closing price NYSE 23.16 UP $0.20 OR 0.87%

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Let us have a look at the data for today

THE COMEX OI IN SILVER ROSE BY A VERY STRONG 2366 CONTRACTS  TO 150,814, AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020. THE GAIN IN OI OCCURRED DESPITE OUR $0.64 FALL IN SILVER PRICING AT THE COMEX  ON TUESDAY . IT SEEMS THAT THE GAIN IN COMEX OI IS PRIMARILY DUE TO SOME BANKER AND ALGO  SHORT COVERING AS OUR BANKER FRIENDS ARE GETTING QUITE SCARED OF BASEL III INITIATED JUNE 28/2021 !// WE HAD SOME REDDIT RAPTOR BUYING//.. COUPLED AGAINST A VERY STRONG EXCHANGE FOR PHYSICAL ISSUANCE. WE HAVE ZERO LONG LIQUIDATION AS TOTAL GAIN ON THE TWO EXCHANGES EQUATES TO A POWERFUL GAIN 5,421 CONTRACTS. (27.10 MILLION OZ)//(DESPITE OUR LOSS OF 64 CENTS???)

 

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL:

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN SILVER TODAY: +47 CONTRACTS.

WE WERE  NOTIFIED  THAT WE HAD A VERY STRONG  NUMBER OF  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: 3055,, AS WE HAD THE FOLLOWING ISSUANCE:,  JULY 0 AND SEPT 3055 ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  3055 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! SILVER IS IN BACKWARDATION AND AS SUCH THE DANGER TO OUR BANKERS IS LONDONERS WILL PURCHASE CHEAPER FUTURES METAL OVER HERE AND THEN TAKE DELIVERY.

HISTORY OF SILVER OZ STANDING AT THE COMEX FOR THE PAST 33 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

2020

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***(5THHIGHEST RECORDED STANDING FOR SILVER)

2.205  MILLION OF FINAL STANDING FOR JUNE

86.470  MILLION OZ FINAL STANDING IN JULY…RECORD HIGHEST EVER RECORDED

6.475 MILLION OZ FINAL STANDING IN AUGUST

55.400 MILLION OZ FINAL STANDING IN SEPT (3RD HIGHEST RECORDED STANDING)

8.900 MILLION OZ INITIALLY STANDING IN OCT.

3.950 MILLION OZ FINAL STANDING IN NOV.

46.685 MILLION OZ FINAL STANDING FOR DEC. (4TH HIGHEST RECORDED STANDING)

2021

60 MILLION FINAL STANDING FOR JAN 2021

12.020  MILLION OZ FINAL STANDING FOR FEB 2021

58.425 MILLION OZ FINAL STANDING FOR MARCH 2021//2ND HIGHEST EVER RECORDED

14.935 MILLION OZ FINAL STANDING FOR APRIL

36.365 MILLION OZ FINAL STANDING FOR MAY

14.505MILLION OZ FINAL STANDING FOR JUNE

33.375  MILLION OZ INITIAL STANDING FOR JULY

TUESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER TRYING TO LIQUIDATE SILVER’S PRICE …AND THEY WERE

SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN ,(IT FELL BY $0.64) BUT WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS WITH TUESDAY’S TRADING.  WE HAD A VERY STRONG GAIN OF 5421 CONTRACTS ON OUR TWO EXCHANGES..  THE GAIN WAS  ALSO DUE TO i) HUGE BANKER/ALGO SHORT COVERING// WE ALSO HAD  ii) SOME REDDIT RAPTOR BUYING//.    iii)  A HUGE ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A  STRONG INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 38.535 MILLION OZ BUT THEN TODAY A 120,000 OZ EFP JUMP TO LONDON:  NEW STANDING 33.375 MILLION OZ// / v)  STRONG COMEX OI GAIN

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