by Harvey Organ, Harvey Organ Blog:
GOLD UP 70 CENTS TO $1930.30//SILVER DOWN 5 CENTS TO $24.50//GOLD COMEX STANDING ADVANCES BY A HUGE QUEUE JUMP: NEW STANDING 79.135 TONNES//SILVER ALSO HAS A 10,000 OZ QUEUE JUMP//STANDING NOW 4.390,000 OZ//TWO IMPORTANT COMMENTARIES TO READ: ALASDAIR MACLEOD (PROVIDED ON FRIDAY) AND RONAN MANLY//SHANGHAI NOW LOCKDOWNS ITS ENTIRE CITIY OF 26 MILLION PEOPLE//THIS IS SCARY: YOUNG CHILDREN ARE CONTRACTING COVID 19//THE COUNTRY IS FULLY VACCINATED SO WHY ARE THE CHILDREN BEING HIT WITH COVID?//GERMAN RETAILERS RAISE PRICES OF FOOD TODAY BY 20 TO 50%//FRANCE: FRENCH POWER AT RECORD LEVELS DUE TO COLD SNAP….AT 13 YEAR HIGHS//POLAND NOW OPEN TO HOST USA NUKES ON THEIR SOIL//RUSSIA TO LIMIT AGRI
TRUTH LIVES on at https://sgtreport.tv/
GOLD; $1930.30 UP $0.70
SILVER: $24.59 DOWN $0.05
ACCESS MARKET: GOLD $1932.90
SILVER: $24.55
Bitcoin morning price: $46,091 DOWN 247
Bitcoin: afternoon price: $45,831 DOWN 507
Platinum price: closing UP $1.05 to $987.40
Palladium price; closing UP 14.75 at $2286.25
END
Today is options expiry for the comex
end
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comex notices/
March: JPMorgan stopped/total issued 1550/7523
EXCHANGE: COMEX
CONTRACT: APRIL 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,919.100000000 USD
INTENT DATE: 04/01/2022 DELIVERY DATE: 04/05/2022
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 1042 455
099 H DB AG 58
118 C MACQUARIE FUT 62
132 C SG AMERICAS 32
167 C MAREX 2
363 H WELLS FARGO SEC 234
365 C ED&F MAN CAPITA 2
365 H ED&F MAN CAPITA 3
435 H SCOTIA CAPITAL 535
624 H BOFA SECURITIES 745
657 C MORGAN STANLEY 16 525
657 H MORGAN STANLEY 408
661 C JP MORGAN 6050 1550
686 C STONEX FINANCIA 22
709 C BARCLAYS 1690
732 C RBC CAP MARKETS 2
800 C MAREX SPEC 2
880 H CITIGROUP 1586
905 C ADM 5 20
TOTAL: 7,523 7,523
MONTH TO DATE: 21,364
NUMBER OF NOTICES FILED TODAY FOR APRIL. CONTRACT 7523 NOTICE(S) FOR 752,300 OZ (23.39 TONNES)
total notices so far: 21,364 contracts for 2,136,400 oz (66.4510 tonnes)
SILVER NOTICES:
3 NOTICE(S) FILED TODAY FOR 15,000 OZ/
total number of notices filed so far this month 685 : for 3,425,000 oz
END
Russia is a major supplier of silver to London while Mexico supplies the COMEX
With the sanctions, London has no way to obtain silver other than compete with NY.
END
GLD
WITH GOLD UP $0.70
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
ALSO INVESTORS SWITCHING TO SPROTT PHYSICAL (phys) INSTEAD OF THE FRAUDULENT GLD//
A SMALL CHANGES IN GOLD INVENTORY AT THE GLD A DEPOSIT OF 0.29 TONNES INTO THE GLD//
INVENTORY RESTS AT 1091.73 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 5 CENTS
AT THE SLV// A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/ THE SLV//A DEPOSIT OF 6.326 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 564.966 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A STRONG SIZED 1811 CONTRACTS TO 147,032 AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THE STRONG LOSS IN OI WAS ACCOMPLISHED WITH OUR STRONG $0.39 LOSS IN SILVER PRICING AT THE COMEX ON FRIDAY. OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.39) AND WERE SUCCESSFUL IN KNOCKING OUT SOME SILVER LONGS AS WE HAD A STRONG LOSS OF 1531 CONTRACTS ON OUR TWO EXCHANGES
WE MUST HAVE HAD:
I) HUGE BANKER SHORT COVERING AS THEY ARE VERY ANXIOUS TO GET OUT OF DODGE!!/. II)WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A STRONG INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 4.305 MILLION OZ FOLLOWED BY TODAY’S QUEUE JUMP OF 10,000 OZ//NEW STANDING: 4,390 MILLION OZ// V) STRONG SIZED COMEX OI LOSS/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL:
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS : —-146
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS APRIL. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF MAR:
TOTAL CONTACTS for 2 days, total 672 contracts:3.360 million oz OR 1.680MILLION OZ PER DAY. (336 CONTRACTS PER DAY)
TOTAL NO OF OZ UNDERGOING EFP TO LONDON 672 CONTRACTS X 5,000 PER CONTRACT:
EQUATES TO: 3.36 MILLION OZ
.
LAST 11 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZ:
MAY 137.83 MILLION
JUNE 149.91 MILLION OZ
JULY 129.445 MILLION OZ
AUGUST: MILLION OZ 140.120
SEPT. 28.230 MILLION OZ//
OCT: 94.595 MILLION OZ
NOV: 131.925 MILLION OZ
DEC: 100.615 MILLION OZ
JAN 2022// 90.460 MILLION OZ
FEB 2022: 72.39 MILLION OZ//
MARCH: 207.430 MILLION OZ//A NEW RECORD FOR EFP ISSUANCE AND WE ARE STILL GOING STRONG THIS MONTH.
APRIL: 3.36 MILLION OZ
RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1811 WITH OUR STRONG $0.39 LOSS IN SILVER PRICING AT THE COMEX// FRIDAY THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE OF 280 CONTRACTS( 280 CONTRACTS ISSUED FOR MAY AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS THE DOMINANT FEATURE TODAY: /HUGE BANKER SHORT COVERING AS THEY GET OUT OF DODGE//// WE HAVE A HUGE INITIAL SILVER OZ STANDING FOR MAR. OF 4.305 MILLION OZ FOLLOWED BY TODAY’S 10,000 OZ QUEUE JUMP//NEW STANDING: 4.390 MILLION OZ/// .. WE HAD AN STRONG SIZED LOSS OF 1531 OI CONTRACTS ON THE TWO EXCHANGES FOR 6.925 MILLION OZ WITH THE STRONG LOSS IN PRICE.
WE HAD 3 NOTICES FILED TODAY FOR 15,000 OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST FELL BY A GOOD SIZED 4854 CONTRACTS TO 565,115 AND FURTHER FROM NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: —241 CONTRACTS. (differentials are lowering in gold)
THE BIS HAS ABANDONED THE GOLD COMEX TRADING!!!
.
THE STRONG SIZED DECREASE IN COMEX OI CAME WITH OUR LOSS IN PRICE OF $19.00//COMEX GOLD TRADING/FRIDAY /.AS IN SILVER WE MUST HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR GOOD SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION
WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR APRIL AT 79.135 TONNES
YET ALL OF..THIS HAPPENED WITH OUR LOSS IN PRICE OF $19.00 WITH RESPECT TO WEDNESDAY’S TRADING
WE HAD AN FAIR SIZED LOSS OF 2635 OI CONTRACTS (8.19 PAPER TONNES) ON OUR TWO EXCHANGES
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2219 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 565,115.
IN ESSENCE WE HAVE AN FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2635, WITH 4613 CONTRACTS DECREASED AT THE COMEX AND 2219 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 2635 CONTRACTS OR 8.19 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2219) ACCOMPANYING THE FAIR SIZED LOSS IN COMEX OI (4854,): TOTAL LOSS IN THE TWO EXCHANGES 2635 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR APRIL. AT 78.33 TONNES FOLLOWED BY TODAY’S 25600 OZ QUEUE JUMP//NEW STANDING 79.135 TONNES/// 3) ZERO LONG LIQUIDATION ///. ,4) STRONG SIZED COMEX OI. LOSS 5) SMALL ISSUANCE OF EXCHANGE FOR PHYSICAL/
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY
MARCH
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF APRIL :
9188 CONTRACTS OR 918800 OR 28.58 TONNES 2 TRADING DAY(S) AND THUS AVERAGING: 4594 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 2 TRADING DAY(S) IN TONNES: 28.58TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2020, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 28.58/3550 x 100% TONNES 0.805% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2022
JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..
MARCH:. 276.50 TONNES (STRONG AGAIN/
APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)
MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)
JUNE: 247.54 TONNES (FINAL)
JULY: 188.73 TONNES FINAL
AUGUST: 217.89 TONNES FINAL ISSUANCE.
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH: 409.30 TONNES INITIAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 28.58 TONNES
SPREADING OPERATIONS
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF MAY.WE ARE NOW INTO THE SPREADING OPERATION OF SILVER
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF APRIL HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF MAY, FOR SILVER:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN 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.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
First, here is an outline of what will be discussed tonight:
1.Today, we had the open interest at the comex, in SILVER, FELL BY A STRONG SIZED 1811 CONTRACTS TO 147,033 AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 4 1/2 YEARS AGO.
EFP ISSUANCE 280 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAY 280 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 280 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 1811 CONTRACTS AND ADD TO THE 280 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A STRONG SIZED LOSS OF 1385 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 7.655 MILLION OZ,
OCCURRED WITH OUR STRONG LOSS $0.39 IN PRICE.
OUTLINE FOR TODAY’S COMMENTARY
1/COMEX GOLD AND SILVER REPORT
(report Harvey)
2 ) Gold/silver trading overnight Europe,
(Peter Schiff,
3. Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,
4. Chris Powell of GATA provides to us very important physical commentaries
5. Other gold commentaries
6. Commodity commentaries/cryptocurrencies
3. ASIAN AFFAIRS
i)MONDAY MORNING// SUNDAY NIGHT
SHANGHAI CLOSED //Hang Sang CLOSED UP 70.49 PTS OR 0.25 % /The Nikkei closed UP 462,76 PTS OR 2,10% //Australia’s all ordinaires CLOSED UP 0.42% /Chinese yuan (ONSHORE) closed DOWN 6.3634 /Oil UP TO 100.23 dollars per barrel for WTI and DOWN TO 105.35 for Brent. Stocks in Europe OPENED ALL MIXED // ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.3634 OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3753: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER//
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