by Harvey Organ, Harvey Organ Blog:
MANIPULATION CONTINUES UNABATED//CPI CONTINUES TO BE RED HOT FORCES MARKETS INITIALLY SOUTHBOUND BUT TRUMPED NEW MODEL SUGGESTED TERMINAL RATE IN EUROPE AT 2.5%//GOLD CLOSED DOWN $.40 TO $1670.30//SILVER DOWN 2 CENTS TO $18.97//PLATINUM UP $3.20 TO $907.50//PALLADIUM IS DOWN $35.70 TO $2156.25//RUSSIA VS UKRAINE UPDATES: A VERY IMPORTANT COMMENTARY FROM PEPE ESCOBAR//CPI UP TO 8.2% YEAR/YEAR//COVID UPDATES: VACCINE IMPACT//DR PAUL ALEXANDER//EUROPE’S ENERGY CRISIS UPDATES
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: DOWN $0.40 to $1670.30
SILVER PRICE CLOSE: DOWN $0.02 to $18,97
Access prices: closes
Gold ACCESS CLOSE 1666.90
Silver ACCESS CLOSE: 18.99
New: early yesterday morning//
Bitcoin morning price: $18,758 DOWN 400
Bitcoin: afternoon price: $19,365 UP 207.
Platinum price closing UP 3.20 AT $907.50
Palladium price; closing DOWN $35.70 at $2120.55
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/4: 15 PM ACCESS
CANADIAN GOLD $2291 CDN DOLLARS PER OZ DOWN $22.89 CDN DOLLARS
BRITISH GOLD IN POUNDS: 1470.09 POUNDS PER OZ DOWN 38.18 BRITISH POUNDS PER OZ/
EURO GOLD: 1703.77 EUROS PER OZ// DOWN 21.50 EUROS PER OZ///
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,670.300000000 USD
INTENT DATE: 10/12/2022 DELIVERY DATE: 10/14/2022
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 1
118 C MACQUARIE FUT 2
323 C HSBC 85
435 H SCOTIA CAPITAL 82
657 C MORGAN STANLEY 7
661 C JP MORGAN 18
800 C MAREX SPEC 1 5
905 C ADM 21
TOTAL: 111 111
MONTH TO DATE: 21,689
JPMORGAN STOPPED 18/111
GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT: 111 NOTICES FOR 11,100 OZ or 0.3451 TONNES
total notices so far: 21,689 contracts for 2,168,900 oz (67.4618 tonnes)
SILVER NOTICES: 1 NOTICE(S) FILED FOR 5,000 OZ/
total number of notices filed so far this month 418 : for 2,090,000 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 $.40
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 1.16 TONNES INTO THE GLD//
INVENTORY RESTS AT 945.47 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 2 CENTS
AT THE SLV// :/BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A HUGE DEPOSIT OF 4.513 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 482.709 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A GIGANTIC SIZED 2437 CONTRACTS TO 128,060 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE TINY LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR $0.18 LOSS IN SILVER PRICING AT THE COMEX ON TUESDAY. OUR BANKERS/HFT WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.18).SPECS CONTINUE TO ADD TO THEIR SHORTFALLS. OUR BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS.
WE MUST HAVE HAD:
I) ZERO SPECULATOR SHORT COVERINGS ////CONTINUED BANKER OI COMEX ADDITIONS /// SOME NEWBIE SPEC SHORT ADDITIONS. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.580 MILLION OZ FOLLOWING A 135,000 OZ QUEUE JUMP / // V) GIGANTIC SIZED COMEX OI GAIN/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: — 26
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS OCT. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF OCT:
TOTAL CONTRACTS for 11 days, total 51,147 contracts: 25.574 million oz OR 2.324MILLION OZ PER DAY. (465 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 25.574 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. 25.574 MILLION OZ INITIAL
RESULT: WE HAD A GIGANTIC SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2437 DESPITE OUR $0.18 LOSS IN SILVER PRICING AT THE COMEX// WEDNESDAY.,. THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE CONTRACTS: 672 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: /STRONG BANKER ADDITIONS // STRONG SHORT ADDITIONS//CONSIDERABLE NEWBIE SPEC LONG ADDITIONS// /// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR OCT. OF 1.580 MILLION OZ FOLLOWED BY TODAY’S 135,000 QUEUE JUMP .. WE HAD A GIGANTIC SIZED GAIN OF 3135 OI CONTRACTS ON THE TWO EXCHANGES FOR 15.675 MILLION OZ..
WE HAD 1 NOTICE(S) FILED TODAY FOR 5,000 OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A GOOD SIZED 4378 CONTRACTS TO 435,773 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: REMOVED — -103 CONTRACTS.
THE GOOD SIZED INCREASE IN COMEX OI CAME WITH OUR GAIN IN PRICE OF $4.00//COMEX GOLD TRADING/WEDNESDAY // MINIMAL SPECULATOR SHORT COVERINGS ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE./. WE HAD ZERO LONG LIQUIDATION //AND 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 OCT. AT 66.099 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S E.F.P. JUMP TO LONDON OF 100 OZ//NEW STANDING 69.042 TONNES (QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)
YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $4.00 WITH RESPECT TO WEDNESDAY’S TRADING
WE HAD A STRONG SIZED GAIN OF 6800 OI CONTRACTS 21.11 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2422 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 435.876
IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 6800 CONTRACTS WITH 4481 CONTRACTS INCREASED AT THE COMEX AND 2422 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 6800 CONTRACTS OR 21.11 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2422) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI (4378): TOTAL GAIN IN THE TWO EXCHANGES 6800 CONTRACTS. WE NO DOUBT HAD 1) ZERO SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS///NEWBIE SPEC SHORT ADDITIONS ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR OCT. AT 66.099 TONNES FOLLOWED BY TODAY’S 100 OZ E.F.P. JUMP TO LONDON///NEW STANDING 69.042 TONNES//. 3) ZERO LONG LIQUIDATION //// //.,4) FAIR SIZED COMEX OPEN INTEREST GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL/
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