GERMAN RETAIL SALES PLUMMET AS EUROPE ENTERS INTO A RECESSION

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by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $3.70 TO $1773.70//SILVER WAS DOWN 21 CENTS TO $20.17//PLATINUM WAS UP $4.05 TO $911.30//PALLADIUM WAS DOWN $122.05 TO $2074/70// COVID UPDATES///VACCINE INJURY REPORT/VACCINE IMPACT//PELOSI’S VISIT TO TAIWAN UPDATES//CHINA’S HOUSING SECTOR IN DISARRAY//GERMAN RETAIL SALES PLUMMET AS EUROPE ENTERS INTO A RECESSION//USA LABOUR MARKET CRASHES

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

GOLD;  $1773.70 UP $3.70

SILVER: $20.17 DOWN 21 CENTS

ACCESS MARKET:

GOLD $1761.45

SILVER: $20.00

Bitcoin morning price:  $22,886 DOWN 103

Bitcoin: afternoon price: $23,040. UP 51

Platinum price: closing UP $4.05 to $911.30

Palladium price; closing DOWN $122.05  at $2074.70

END

I am going to take a one day break.  So I will not be doing a commentary tomorrow Wednesday, August 3

I will resume on Thursday.  However I will record all comex data and this will be up to date by Thursday.

Harvey

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 EXCHANGE: COMEX

  EXCHANGE: COMEX

CONTRACT: AUGUST 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,769.000000000 USD
INTENT DATE: 08/01/2022 DELIVERY DATE: 08/03/2022
FIRM ORG FIRM NAME ISSUED STOPPED


072 C GOLDMAN 521 169
072 H GOLDMAN 444
104 C MIZUHO 500 133
118 C MACQUARIE FUT 57
132 C SG AMERICAS 4 71
167 C MAREX 111
190 H BMO CAPITAL 109
357 C WEDBUSH 2
624 C BOFA SECURITIES 438
624 H BOFA SECURITIES 437
661 C JP MORGAN 1873 1229
661 H JP MORGAN 24
685 C RJ OBRIEN 20 3
686 C STONEX FINANCIA 1 9
686 H STONEX FINANCIA 16
690 C ABN AMRO 30 41
732 C RBC CAP MARKETS 3
800 C MAREX SPEC 31 33
880 C CITIGROUP 95
880 H CITIGROUP 397
905 C ADM 39


TOTAL: 3,420 3,420
MONTH TO DATE: 25,355

JPMorgan stopped 1229/3420

_____________________________________________________________________________________

GOLD: NUMBER OF NOTICES FILED FOR AUGUST CONTRACT:

5,101 NOTICES FOR 3420 OZ //10.6326 TONNES

total notices so far: 25,355 contracts for 2,535,500 oz (78.864 tonnes)

SILVER NOTICES:

28 NOTICES FILED FOR 140,000 OZ/

total number of notices filed so far this month  707 :  for 3,535,000  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 UP $3.70

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 HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.90 TONNES OF GOLD FROM THE GLD

INVENTORY RESTS AT 1002.97 TONNES

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN 21 CENTS

AT THE SLV// ://HUGE CHANGES IN SILVER INVENTORY AT THE SLV//:A WITHDRAWAL OF 3.504 MILLION OZ FROM THE SLV

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY: 487.161 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY  A GIGANTIC SIZED 3611  CONTRACTS TO 135,312   AND FURTHER FROM  THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THE  HUGE LOSS IN OI WAS ACCOMPLISHED DESPITE OUR STRONG   $0.17 GAIN  IN SILVER PRICING AT THE COMEX ON MONDAY.  OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.17) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY COMMERCIAL SILVER LONGS// WE HAD HUGE  SPECULATOR LIQUIDATIONS AS WE HAD A HUGE LOSS OF 2811 CONTRACTS ON OUR TWO EXCHANGES.

WE  MUST HAVE HAD:
I) HUGE SPECULATOR SHORT LIQUIDATIONS//HUGE BANKER OI COMEX ADDITIONS /. II)  WE ALSO HAD  SOME  REDDIT RAPTOR BUYING//.   iii)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A FAIR INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 3.855 MILLION OZ FOLLOWED BY TODAY’S 165,000 OZ QUEUE JUMP   / //  V)    GIGANTIC SIZED COMEX OI LOSS/(SPEC LIQUIDATION)

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: -10

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS  AUGUST. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF AUGUST:

TOTAL CONTACTS for 2 days, total 2050  contracts:  10.250 million oz  OR 5.125 MILLION OZ PER DAY. (1025 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 10.250 MILLION OZ

.

LAST 16 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: 105.635 MILLION OZ//

JUNE: 94.470 MILLION OZ

JULY : 87.110 MILLION OZ

AUGUST: 10.250 MILLION OZ

RESULT: WE HAD A GIGANTIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3621 DESPITE OUR  $0.17 GAIN IN SILVER PRICING AT THE COMEX// MONDAY.,.  THE CME NOTIFIED US THAT WE HAD A  STRONG SIZED EFP ISSUANCE  CONTRACTS: 800 CONTRACTS ISSUED FOR SEPT 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  ADDITIONS ////// HUGE SPECULATOR SHORT LIQUIDATION// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR AUGUST. OF 3.855 MILLION  OZ FOLLOWED BY TODAY’S 165,000 OZ QUEUE JUMP  //  .. WE HAD A HUGE SIZED LOSS OF 2821 OI CONTRACTS ON THE TWO EXCHANGES FOR 14.105 MILLION  OZ AS..THE SPECS WERE SENT TO THE SLAUGHTER HOUSE.

 WE HAD 28  NOTICES FILED TODAY FOR  140,000 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 4068 CONTRACTS  TO 462,770 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. WE WILL PROBABLY SEE THE COMEX OI FALL TO AROUND 380,000 AS OUR SPECS GET ANNIHILATED.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: -37 CONTRACTS.

.

THE GOOD SIZED  DECREASE  IN COMEX OI CAME DESPITE OUR  RISE IN PRICE OF $5.75//COMEX GOLD TRADING/MONDAY / WE MUST HAVE  HAD  ADDITIONAL SPECULATOR SHORT SHORT COVERINGS ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE./. WE HAD ZERO LONG LIQUIDATION    //AND HUGE SPECULATOR SHORT COVERINGS//HUGE ADDITIONS TO OUR BANKER LONGS!! THE COMEX WILL BLOW UP AS THE SPECS CANNOT DELIVER GOLD TO OUR BANKER LONGS.

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR AUGUST AT 97.291 TONNES ON FIRST DAY NOTICE

YET ALL OF..THIS HAPPENED WITH OUR RISE IN PRICE OF   $5.75 WITH RESPECT TO FRIDAY’S TRADING

WE HAD A FAIR SIZED LOSS OF 3164  OI CONTRACTS 9.841 PAPER TONNES) ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL SIZED  904  CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 462,770

IN ESSENCE WE HAVE A FAIR  SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3,164 CONTRACTS  WITH 4,068 CONTRACTS DECREASED AT THE COMEX AND 904 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS ON THE TWO EXCHANGES OF 3127 CONTRACTS OR 9.726 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (904) ACCOMPANYING THE GOOD SIZED LOSS IN COMEX OI (4068): TOTAL LOSS IN THE TWO EXCHANGES  3164 CONTRACTS. WE NO DOUBT HAD 1) HUGE SPECULATOR SHORT COVERINGS//STRONG BANKER ADDITIONS//  ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR AUGUST. AT 99.272 TONNES FOLLOWED BY TODAY’S EFP JUMP TO LONDON OF 1,100 oz. (THESE OZ WILL EVENTUALLY FIND THEIR WAY BACK TO THE COMEX AS BANKERS SCOUR THE PLANET FOR BADLY NEEDED GOLD!!    3) ZERO LONG LIQUIDATION//// //.,4)   GOOD SIZED COMEX OPEN INTEREST LOSS 5) SMALL ISSUANCE OF EXCHANGE FOR PHYSICAL/

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY

AUGUST

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF AUGUST :

2265 CONTRACTS OR 226,500 OZ OR 7,045  TONNES 2 TRADING DAY(S) AND THUS AVERAGING: 1133 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: 7.045 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS  7.045/3550 x 100% TONNES  0.197% 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:  247,44 TONNES FINAL// 

JUNE: 238.13 TONNES  FINAL

JULY: 378.43 TONNES FINAL

AUGUST: 7.045 TONNES

SPREADING OPERATIONS

(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS

SPREADING LIQUIDATION HAS NOW COMMENCED   AS WE HEAD TOWARDS THE  NEW NON ACTIVE FRONT MONTH OF SEPT. 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 ACTIVE DELIVERY MONTH OF AUGUST HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF SEPT., 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 (JULY), 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 GIGANTIC SIZED 3621 CONTRACT OI TO 135,312 AND FURTHER FROM  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 1250 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:

SEPT 800  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 800 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 3621  CONTRACTS AND ADD TO THE 800 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A HUGE SIZED LOSS OF 2821   OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. 

THUS IN OUNCES, THE LOSS  ON THE TWO EXCHANGES 14.105 MILLION OZ

OCCURRED DESPITE OUR  RISE IN PRICE OF  $0.17

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

end

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

6. Commodity commentaries//

3. ASIAN AFFAIRS

i)TUESDAY MORNING// MONDAY  NIGHT

 SHANGHAI CLOSED DOWN 73.69 PTS OR 2.26%   //Hang Sang CLOSED DOWN 476.63 OR 2.26%    /The Nikkei closed DOWN 398.67 OR % 1.72.          //Australia’s all ordinaires CLOSED UP 0.05%   /Chinese yuan (ONSHORE) closed DOWN AT 67586//OFFSHORE CHINESE YUAN DOWN 6.7707//    /Oil DOWN TO 94.19 dollars per barrel for WTI and BRENT AT 100.68// SHANGHAI CLOSED DOWN 73.69 PTS OR 2.26%   //Hang Sang CLOSED DOWN 476.63 OR 2.36%    /The Nikkei closed DOWN 398.67 OR % 1.72.          //Australia’s all ordinaries CLOSED UP 0.05%   / Stocks in Europe OPENED ALL RED.        ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER

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