BANKERS DIRECT GOLD AWAY FROM GOLD STARVED INDIA: GREAT NEWS FOR GOLD

    0
    351

    by Harvey Organ, Harvey Organ Blog:

    GOLD AND SILVER HOLD ON AN ATTEMPTED RAID: GOLD CLOSES UP $.70 TO $1712.40//SILVER UP 11 CENTS TO $20.61//PLATINUM DOWN $5.70 TO $925.50//PALLADIUM DOWN $31.05 TO $2278.80//BANKERS DIRECT GOLD AWAY FROM GOLD STARVED INDIA: GREAT NEWS FOR GOLD//TAIWAN EXPANDS FIRST STRIKE DEFINITION AND THIS IS SCARY!!/EU INITIATES FRESH SANCTIONS ON IRAN UNDERGOING PROTESTS FOR THE 3RD WEEK//CREDIT SUISSE PROBLEMS SURFACTING AGAIN: UPDATE ON THIS//CARGO SHIPOWNERS CANCELLING SAILINGS DUE TO DEMAND DESTRUCTION//HOWEVER LNG RATES FROM THE USA SKYROCKETING//MUST READS: PEPE ESCOBAR, MICHAEL EVERY AND ZHONG (EPOCH TIMES)//OPEC + CUTS PRODUCTION BY 2 MILLION BARRELS SENDING SHIVERS DOWN BIDEN’S BACK//BIDEN THEN REACHES OUT TO VENEZUELA//USA JOBLESS CLAIMS SURPRISINGLY JUMPS AGAIN
    TRUTH LIVES on at https://sgtreport.tv/

    GOLD PRICE CLOSE: UP  $0.70 to $1712.40

    SILVER PRICE CLOSE:  UP $0.11 to $20.61

    Access prices: closes

    Gold ACCESS CLOSE 1712.60

    Silver ACCESS CLOSE: 20.67

    New: early yesterday morning//very ominous:

    On Monday, October 3, 2022 at 12:15 p.m., a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 261b.7 of the Board’s Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th and C Streets, N.W., Washington, D.C. and by audio/video conference call, to consider the following matters of official Board business.

    Bitcoin morning price: $20,242 UP 164 (from Tuesday)

    Bitcoin: afternoon price: $20,035 DOWN 43

    Platinum price closing DOWN 5.70 AT  $925.50

    Palladium price; closing DOWN $31.05  at $2278.80

    END

    Due to the huge rise in the dollar, we must look at gold and silver in currencies other than the dollar to understand where we are heading

    I will now provide gold in Canadian dollars, British pounds and Euros/closing ACCESS

    CANADIAN GOLD $2355.00 CDN DOLLARS PER OZ UP $18.50 CDN DOLLARS

    BRITISH GOLD INPOUNDS: 1534.05 POUNDS PER OZ UP 21.13 BRITISH POUNDS PER OZ/

    EURO GOLD: 1748.37 EUROS PER OZ// UP 14.60 EUROS PER OZ///

    DONATE

    Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation.

    EXCHANGE: COMEX

    EXCHANGE: COMEX
    CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
    SETTLEMENT: 1,711.400000000 USD
    INTENT DATE: 10/05/2022 DELIVERY DATE: 10/07/2022
    FIRM ORG FIRM NAME ISSUED STOPPED


    072 C GOLDMAN 1
    118 C MACQUARIE FUT 33
    132 C SG AMERICAS 12
    323 H HSBC 6
    435 H SCOTIA CAPITAL 341
    624 C BOFA SECURITIES 1
    624 H BOFA SECURITIES 109
    657 C MORGAN STANLEY 4
    657 H MORGAN STANLEY 15
    661 C JP MORGAN 166
    732 C RBC CAP MARKETS 1
    800 C MAREX SPEC 9 25
    880 C CITIGROUP 7


    TOTAL: 365 365
    MONTH TO DATE: 21,334

    JPMORGAN STOPPED  166/365

    GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT:   255

    365 NOTICES FOR 36500 OZ //1.123 TONNES

    total notices so far: 21,334 contracts for 2,133,400 oz (66.357 tonnes)

    SILVER NOTICES: 31 NOTICES FILED FOR 155,000 OZ/

    total number of notices filed so far this month  253 :  for 1,265,000  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 $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//

    BIG CHANGES IN GOLD INVENTORY AT THE GLD: //// A DEPOSIT OF 3,45

    TONNES FROM THE GLD/

    INVENTORY RESTS AT 946.34 TONNES

    Silver//SLV

    WITH NO SILVER AROUND AND SILVER UP $0.11

    AT THE SLV// ://BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A HUGE WITHDRAWAL OF 5.300 MILLION OZ FROM THE SLV//

    INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

    CLOSING INVENTORY: 475.617 MILLION OZ

    Let us have a look at the data for today

    SILVER//OUTLINE

    SILVER COMEX OI FELL BY A GIGANTIC SIZED 3357  CONTRACTS TO 126,167    AND FURTHER FROM  THE  RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE HUGE LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR HUGE $0.54 LOSS  IN SILVER PRICING AT THE COMEX ON WEDNESDAY.  OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.54). HOWEVER OUR SPEC SHORTS ARE DESPARATELY TRYING TO COVER THEIR MASSIVE COMEX OI SHORTFALL.  BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS.

    WE  MUST HAVE HAD:
    I) CONTINUAL  SPECULATOR SHORT COVERINGS ////CONTINUED BANKER OI COMEX ADDITIONS /// SOME NEWBIE SPEC LONG ADDITIONS. II)  WE ALSO HAD  SOME  REDDIT RAPTOR BUYING//.   iii)  A GIGANTIC ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.580 MILLION OZ FOLLOWING A 105,000 OZ QUEUE JUMP   / //  V)   GIGANTIC SIZED COMEX OI LOSS/SPEC COVERING THEIR SHORTS.

     I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: –157

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

    TOTAL CONTRACTS for 6 days, total 49,425 contracts:  29.65 million oz  OR 4.94MILLION OZ PER DAY. (823 CONTRACTS PER DAY)

    TOTAL EFP’S FOR THE MONTH SO FAR: 29.65  MILLION OZ

    .

    LAST 17 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: 65.025 MILLION OZ

    SEPT. 74.025 MILLION OZ///FINAL

    OCT.  29.65 MILLION OZ INITIAL

    RESULT: WE HAD A GIGANTIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3357 WITH OUR STRONG $0.54 LOSS IN SILVER PRICING AT THE COMEX// WEDNESDAY.,.  THE CME NOTIFIED US THAT WE HAD A GIGANTIC SIZED EFP ISSUANCE  CONTRACTS: 1650 CONTRACTS ISSUED FOR DEC 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 A//  HUGE SHORT LIQUIDATIONS//SMALL NEWBIE SPEC LONG ADDITIONS//  /// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR OCT. OF 1.580 MILLION  OZ FOLLOWED BY TODAY’S 105,000 QUEUE JUMP  .. WE HAD A GIGANTIC SIZED LOSS OF 1747 OI CONTRACTS ON THE TWO EXCHANGES FOR 8.735MILLION  OZ..

    Read More @ HarveyOrganBlog.com