by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN $12.00 TO $1763.00//SILVER CLOSED DOWN 32 CENTS TO $19.81//PLATINUM CLOSED DOWN $11.00 TO $926.60//PALLADIUM CLOSED DOWN $16.15 TO $2138.65//RUSSIAN FOREIGN MINISTER DESIRES TO OFFER A PHYSICAL EXCHANGE TO COMPETE WITH LBMA//COVID UPDATES: VACCINE IMPACT/VACCINE INJURY//UK CONSUMER PRICE INDEX ROSE BY A HUGE 10.1% Y/Y/ GERMAN ELECTRICITY BILLS TO CONSUMER RISES AGAIN//IN USA MANY HOME OWNERS WALKING AWAY DUE TO FALLING PRICES AND HIGHER INTEREST RATES//TARGET ANNOUNCES POOR RESULTS AS ITS STOCK PLUMMETS
TRUTH LIVES on at https://sgtreport.tv/
GOLD; $1763.00 DOWN $12.00
SILVER: $19.81 DOWN 32 CENTS
ACCESS MARKET:
GOLD $1762.40
SILVER: $19.80
Bitcoin morning price: $23,758 DOWN 234
Bitcoin: afternoon price: $23,291. DOWN 701
Platinum price closing DOWN $11.00 AT$926.60
Palladium price; closing DOWN $16.15 at $2138.65
END
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: AUGUST 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,773.200000000 USD
INTENT DATE: 08/16/2022 DELIVERY DATE: 08/18/2022
FIRM ORG FIRM NAME ISSUED STOPPED
072 H GOLDMAN 2
132 C SG AMERICAS 13
624 H BOFA SECURITIES 8
657 C MORGAN STANLEY 16
661 C JP MORGAN 6
800 C MAREX SPEC 1 1
880 H CITIGROUP 1
905 C ADM 14
TOTAL: 31 31
MONTH TO DATE: 32,519
JPMorgan stopped: 6/31
_____________________________________________________________________________________
GOLD: NUMBER OF NOTICES FILED FOR AUGUST CONTRACT:
31 NOTICES FOR 3100 OZ //0.09642 TONNES
total notices so far: 32,519 contracts for 3,251,900 oz (101.147 tonnes)
SILVER NOTICES:
96 NOTICES FILED FOR 480,000 OZ/
total number of notices filed so far this month 923 : for 4,615,000 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 $12.00
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//
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.74 TONNES FROM THE GLD.
INVENTORY RESTS AT 993.94 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN $0.32 CENTS
AT THE SLV// ://A HUGE CHANGE IN SILVER INVENTORY AT THE SLV//: A WITHDRAWAL OF 1.106 MILLION OZ FROM THE SLV/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 485.113 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A GIGANTIC SIZED 2405 CONTRACTS TO 144,314. AND FURTHER FROM THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THE STRONG LOSS IN OI WAS ACCOMPLISHED WITH OUR $0.22 LOSS IN SILVER PRICING AT THE COMEX ON MONDAY. OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.22) AND WERE SOMEWHAT SUCCESSFUL IN KNOCKING OFF SOME SPEC SILVER LONGS AS WE HAD A STRONG LOSS OF 1878 CONTRACTS ON OUR TWO EXCHANGES. HOWEVER WE HAD A SOME LIQUIDATION OF SPECULATOR SHORTS.
WE MUST HAVE HAD:
I) SOME SPECULATOR SHORT LIQUIDATIONS//CONTINUED BANKER OI COMEX ADDITIONS /. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A ZERO ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A FAIR INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 3.855 MILLION OZ FOLLOWED BY TODAY’S 95,000 OZ QUEUE JUMP / // V) GIGANTIC SIZED COMEX OI LOSS/(//SOME SPEC LIQUIDATION)
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: -535
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 13 days, total 6550 contracts: 32.750 million oz OR 2.729 MILLION OZ PER DAY. (467 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 32.75 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
APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE
MAY: 105.635 MILLION OZ//
JUNE: 94.470 MILLION OZ
JULY : 87.110 MILLION OZ
AUGUST: 31.43 MILLION OZ (A LOT LESS THAN NORMAL//THE CROOKS ARE SCARED TO ISSUE MORE EFP’S)
RESULT: WE HAD A GIGANTIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2405 WITH OUR $0.22 LOSS IN SILVER PRICING AT THE COMEX// MONDAY.,. THE CME NOTIFIED US THAT WE HAD A ZERO SIZED EFP ISSUANCE CONTRACTS: 0 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: /SOME BANKER ADDITIONS AND SOME SPEC SHORT LIQUIDATIONS /// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR AUGUST. OF 3.855 MILLION OZ FOLLOWED BY TODAY’S 95,000 OZ QUEUE JUMP // .. WE HAD A STRONG SIZED LOSS OF 2405 OI CONTRACTS ON THE TWO EXCHANGES FOR 12.025 MILLION OZ AS..THE SPECS STILL BEING SENT TO THE SLAUGHTER HOUSE.
WE HAD 96 NOTICE(S) FILED TODAY FOR 480,000 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 1626 CONTRACTS TO 453,960 AND CLOSER TO 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:–70 CONTRACTS.
.
THE FAIR SIZED DECREASE IN COMEX OI CAME WITH OUR FALL IN PRICE OF $16.45//COMEX GOLD TRADING/TUESDAY / WE MUST HAVE HAD ADDITIONAL SPECULATOR SHORT SHORT COVERINGS ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE./. WE HAD ZERO LONG LIQUIDATION //AND SOME SPECULATOR SHORT COVERINGS//CONTINUED 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 98.367 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S QUEUE JUMP OF 19300 OZ//NEW STANDING 104.037 TONNES
YET ALL OF..THIS HAPPENED WITH OUR FALL IN PRICE OF $16.45 WITH RESPECT TO TUESDAY’S TRADING
WE HAD A FAIR SIZED GAIN OF 1346 OI CONTRACTS 4.186 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 3042 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 453,960
IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1346 CONTRACTS WITH 1626 CONTRACTS DECREASED AT THE COMEX AND 3042 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 1346 CONTRACTS OR 4.186 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3042) ACCOMPANYING THE FAIR SIZED LOSS IN COMEX OI (1696): TOTAL GAIN IN THE TWO EXCHANGES 1346 CONTRACTS. WE NO DOUBT HAD 1) SOME SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS// ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR AUGUST. AT 99.272 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 19300 oz. 3) ZERO/ LONG LIQUIDATION//// //.,4) FAIR SIZED COMEX OPEN INTEREST LOSS 5) FAIR 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 :
30,960 CONTRACTS OR 3,096,000 OZ OR 96.30 TONNES 13 TRADING DAY(S) AND THUS AVERAGING: 2326 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 13 TRADING DAY(S) IN TONNES: 96.30 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 96.30/3550 x 100% TONNES 2.70% 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: 96.30 TONNES (DRAMATICALLY FALLING AGAIN)
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 2495 CONTRACT OI TO 144,314 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 0 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 0 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 LOSS OF 2405 CONTRACTS AND ADD TO THE 0 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A STRONG SIZED LOSS OF 2405 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 12.025 MILLION OZ
OCCURRED WITH OUR FALL 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,
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)WEDNESDAY MORNING// TUESDAY NIGHT
SHANGHAI CLOSED UP 14.64 PTS OR 0.45% //Hang Sang CLOSED UP 91.93 OR 0.46% /The Nikkei closed UP 353.86 OR % 1.23. //Australia’s all ordinaires CLOSED UP 0.26% /Chinese yuan (ONSHORE) closed DOWN AT 6.7794//OFFSHORE CHINESE YUAN DOWN 6.7966// /Oil DOWN TO 86.40 dollars per barrel for WTI and BRENT AT 91939// / 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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