by Harvey Organ, Harvey Organ Blog:
GOLD DOWN $2.55 TO $1817.75//SILVER UP 4 CENTS TO $21.55//PLATINUM DOWN $17.65 TO $938.90//PALLADIUM DOWN $39.00 TO $2007.60//GOLD STANDING FOR MAY ROSE BY 10,900 OZ: NEW STANDING 18.289 TONNES//SILVER HAS ANOTHER EFP JUMP TO LONDON OF 125,000 OZ AS NEW STANDING DROPS TO 27.910 MILLION OZ//COVID UPDATES FROM SHANGHAI//NORTH KOREA HAS A MASSIVE INCREASE OF COVID CASES//COVID SHUTDOWNS FROM CHINA CAUSES MAJOR PROBLEM SHORTAGES FOR ITEMS SUCH AS MEDICAL IMAGING INGREDIENTS//RUSSIA VS USA AS THE USA WILL BLOCK DEBT PAYMENTS OWED BY RUSSIA: THIS WILL ONLY HURT THE WEST//COVID UPDATES FROM THE WEST//VACCINE INJURIES//VACCINE MANDATES//BIG PROBLEMS FOR SRI LANKA//USA COMMODITY PROBLEMS: DIESEL GAS, BABY FORMULA//TARGET SHARES CRASHES ON MARGIN PROBLEMS
TRUTH LIVES on at https://sgtreport.tv/
GOLD; $1817.75 DOWN $2.55
SILVER: $21.55 UP $.04
ACCESS MARKET: GOLD $1816.60
SILVER: $21.40
Bitcoin morning price: $29753 DOWN 476
Bitcoin: afternoon price: $29,174 DOWN 1055
Platinum price: closing DOWN $17.65 to $938.90
Palladium price; closing DOWN $39.00 at $2007.60
END
DONATE
Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation
EXCHANGE: COMEX
comex notices percentage of JPMorgan notices filed: 244/285
EXCHANGE: COMEX
CONTRACT: MAY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,818.200000000 USD
INTENT DATE: 05/17/2022 DELIVERY DATE: 05/19/2022
FIRM ORG FIRM NAME ISSUED STOPPED
118 C MACQUARIE FUT 285
657 C MORGAN STANLEY 2
657 H MORGAN STANLEY 33
661 C JP MORGAN 244
737 C ADVANTAGE 6
TOTAL: 285 285
MONTH TO DATE: 5,672
NUMBER OF NOTICES FILED TODAY FOR MAY CONTRACT 285 NOTICE(S) FOR 28,500 OZ (0.8864 TONNES)
total notices so far: 5672 contracts for 567,200. oz (17.642 tonnes)
SILVER NOTICES:
97 NOTICE(S) FILED 485,000 OZ/
total number of notices filed so far this month 5022 : for 25,110,000 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.
GLD
WITH GOLD DOWN $2.55
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 HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.07 TONNES FROM THE GLD
INVENTORY RESTS AT 1049.21 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER UP 4 CENTS
AT THE SLV// A BIG CHANGE IN SILVER INVENTORY AT THE SLV://A HUGE CHANGE IN SILVER INVENTORY
AT THE SLV.: A WITHDRAWAL OF 1.892 MILLION OZ FROM THE SLV/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 563.193 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A VERY STRONG SIZED 1691 CONTRACTS TO 144,534 AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THE SMALL GAIN IN OI WAS ACCOMPLISHED DESPITE OUR STRONG $0.22 GAIN IN SILVER PRICING AT THE COMEX ON MONDAY. OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.22) AND WE ALSO UNSUCCESSFUL IN KNOCKING OFF ANY SILVER LONGS AS THEY REMAIN FIRM IN THEIR BELIEF OF A SILVER FAILURE.
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 TINY ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A STRONG INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 30.170 MILLION OZ FOLLOWED BY TODAY’S 125,000 OZ E.F.P. JUMP //NEW STANDING 27,910,000 MILLION OZ/ // V) STRONG SIZED COMEX OI GAIN/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL:
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS : -81
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS MAY. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF MAY:
TOTAL CONTACTS for 12 days, total 16,215, contracts: 81.075 million oz OR 6.75 MILLION OZ PER DAY. (1351CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 81.075 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: 114.52 MILLION OZ FINAL//LOW ISSUANCE
MAY: 81.075 MILLION OZ//INCREASING AGAIN
RESULT: WE HAD A VERY STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1619 WITH OUR $0.31 GAIN IN SILVER PRICING AT THE COMEX// MONDAY.,. THE CME NOTIFIED US THAT WE HAD A TINY SIZED EFP ISSUANCE CONTRACTS: 41 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 MAY. OF 30.170 MILLION OZ FOLLOWED BY TODAY;S 125,000 OZ QUEUE. JUMP //NEW STANDING 27.910 MILLION OZ// .. WE HAD A STRONG SIZED GAIN OF 1741 OI CONTRACTS ON THE TWO EXCHANGES FOR 8.700 MILLION OZ WITH THE GAIN IN PRICE.
WE HAD 97 NOTICE FILED TODAY FOR 485,000 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 FAIR SIZED 1547 CONTRACTS TO 555,756 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: –203 CONTRACTS.
THE BIS HAS ABANDONED THE GOLD COMEX TRADING!!!
.
THE FAIR SIZED LOSS IN COMEX OI CAME DESPITE OUR GAIN IN PRICE OF $5.40//COMEX GOLD TRADING/MONDAY / WE MUST HAVE HAD SOME SPECULATOR SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION //JUST SPECULATOR SHORT COVERING FROM OUR STUPID SPECULATORS.
WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR MAY AT 5.353 TONNES ON FIRST DAY NOTICE /FOLLOWED BY TODAY”S QUEUE JUMP OF 10,900 OZ//NEW STANDING 18.289 TONNES
YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $5.40 WITH RESPECT TO MONDAY’S TRADING
WE HAD A SMALL SIZED LOSS OF 669 OI CONTRACTS (2.0808 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL SIZED 878 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 555,756.
IN ESSENCE WE HAVE A SMALL SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 669, WITH 1547 CONTRACTS DECREASED AT THE COMEX AND 878 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 669 CONTRACTS OR 2.0809 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (878) ACCOMPANYING THE FAIR SIZED LOSS IN COMEX OI (1547,): TOTAL LOSS IN THE TWO EXCHANGES 669 CONTRACTS. WE NO DOUBT HAD 1) SOME SPECULATOR SHORT COVERING ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR MAY. AT 5.353 TONNES FOLLOWED BY TODAY’S STRONG QUEUE JUMP OF 10,900 OZ//NEW STANDING 18.289 /// 3) ZERO LONG LIQUIDATION//SOME SPECULATOR SHORT COVERING //.,4) FAIR SIZED COMEX OI. LOSS 5) SMALL ISSUANCE OF EXCHANGE FOR PHYSICAL/
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY
MAY
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MAY :
47,880 CONTRACTS OR 4,788,000 OR 148.92 TONNES 12 TRADING DAY(S) AND THUS AVERAGING: 3990 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 12 TRADING DAY(S) IN TONNES: 148.92 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 148.92/3550 x 100% TONNES 4.19% 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: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 148.92 TONNES INITIAL// INCREASING AGAIN
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, ROSE BY A STRONG SIZED 1619 CONTRACT OI TO 144,534 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 5 YEARS AGO.
EFP ISSUANCE 41 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAY 41 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 0 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 1700 CONTRACTS AND ADD TO THE 41 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A STRONG SIZED GAIN OF1660 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 8.300 MILLION OZ
OCCURRED DESPITE OUR GAIN IN PRICE OF $0.22 .
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
end
5. Other gold commentaries
end
6. Commodity commentaries/cryptocurrencies
3. ASIAN AFFAIRS
i)WEDNESDAY MORNING// TUESDAY NIGHT
SHANGHAI CLOSED DOWN 7.72 PTS OR 0.25% //Hang Sang CLOSED UP 41.36 PTS OR 0.20% /The Nikkei closed UP 251.45 OR 0.94% //Australia’s all ordinaires CLOSED UP 1.03% /Chinese yuan (ONSHORE) closed DOWN 6,7442 /Oil UP TO 114.454dollars per barrel for WTI and UP TO 113.50 for Brent. Stocks in Europe OPENED ALL MOSTLY RED // ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.7442 OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.74544: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER/
Read More @ HarveyOrganBlog.com
