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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