JAPAN’S INTERVENTION TO HALT THE YEN’S SLIDE FAILS MISERABLY

    0
    306

    by Harvey Organ, Harvey Organ Blog:

    GOLD PRICE FALLS $7.40 TO $1650.25/SILVER FALLS 5 CENTS TO $18.68//PLATINUM DOWN $6.80 TO $919.25//PALLADIUM UP $9.25 TO $2016.20//CITIZENS OF TURKEY PURCHASE A HUGE 39 TONNES OF GOLD LAST MONTH AS THEIR LIRA HAS DEPRECIATED CONSIDERABLY///JAPAN’S INTERVENTION TO HALT THE YEN’S SLIDE FAILS MISERABLY//CREDIT SUISSE TO REORGANIZE//1/3 OF UKRAINE’S POWER STATIONS DESTROYED: LOOKS LIKE A BLEAK WINTER//TWO BIG COMMENTARIES TO READ: PEPE ESCOBAR AND SCOTT SKYRM//UKRAINE VS RUSSIA UPDATES//COVID UPDATES//DR PAUL ALEXANDER

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

    GOLD PRICE CLOSE: DOWN $7.40 to $1650.85

    SILVER PRICE CLOSE:  DOWN $0.05 to $18,68

    Access prices: closes

    Gold ACCESS CLOSE 1651.50

    Silver ACCESS CLOSE: 18.72

    New: early yesterday morning//

    Bitcoin morning price: $19,566 UP 24

    Bitcoin: afternoon price: $19,185 DOWN 357.

    Platinum price closing DOWN $6.80 AT  $912.85

    Palladium price; closing UP $9.25  at $2016.20

    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 $2268.80 CDN DOLLARS PER OZ UP $3.68 CDN DOLLARS

    BRITISH GOLD IN POUNDS: 1457.60 POUNDS PER OZ UP 5.13 BRITISH POUNDS PER OZ/

    EURO GOLD: 1675.00 EUROS PER OZ// DOWN 1.78 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: 1,657.000000000 USD
    INTENT DATE: 10/17/2022 DELIVERY DATE: 10/19/2022
    FIRM ORG FIRM NAME ISSUED STOPPED


    118 C MACQUARIE FUT 54
    323 C HSBC 47
    657 C MORGAN STANLEY 4
    905 C ADM 3


    TOTAL: 54 54
    MONTH TO DATE: 22,259

    JPMORGAN STOPPED  0/54

    GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT:    54 NOTICES FOR 5400 OZ  or 0.1617 TONNES

    total notices so far: 22,259 contracts for 2,225,900 oz (69.235 tonnes)

    SILVER NOTICES: 2 NOTICE(S) FILED FOR 10,000 OZ/

    total number of notices filed so far this month  439 :  for 2,145,000  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 $7.40

    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 WITHDRAWAL OF 2.03 TONNES INTO THE GLD//

    INVENTORY RESTS AT 939.10 TONNES

    Silver//SLV

    WITH NO SILVER AROUND AND SILVER DOWN 5 CENTS

    AT THE SLV// :/BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A HUGE DEPOSIT OF 1.658 MILLION OZ INTO THE SLV

    INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

    CLOSING INVENTORY: 487.729 MILLION OZ

    Let us have a look at the data for today

    SILVER//OUTLINE

    SILVER COMEX OI FELL BY A HUGE SIZED 1021  CONTRACTS TO 135,304  AND FURTHER FROM  THE  RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE GIGANTIC GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR   $0.53 GAIN  IN SILVER PRICING AT THE COMEX ON MONDAY.  OUR BANKERS/HFT WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.53)., BUT UNSUCCESSFUL IN KNOCKING OFF ANY SPEC LONGS. HUGE NUMBERS OF SPECS CONTINUE TO ADD TO THEIR SHORTFALLS FROM WHICH OUR  BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS.

    WE  MUST HAVE HAD:
    I) STRONG  SPECULATOR SHORT COVERINGS ////CONTINUED BANKER OI COMEX ADDITIONS /// CONSIDERABLE NEWBIE SPEC LONG ADDITIONS. II)  WE ALSO HAD  SOME  REDDIT RAPTOR BUYING//.   iii)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.580 MILLION OZ FOLLOWING A 415,000 OZ QUEUE JUMP   / //  V)   GIGANTIC SIZED COMEX OI LOSS/

     I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: +12

    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 14 days, total 54,197 contracts:  27.0985 million oz  OR 1.935MILLION OZ PER DAY. (387 CONTRACTS PER DAY)

    TOTAL EFP’S FOR THE MONTH SO FAR: 27  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.  27.0985 MILLION OZ INITIAL

    RESULT: WE HAD A GIGANTIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1021 DESPITE OUR HUGE  $0.53 GAIN IN SILVER PRICING AT THE COMEX// MONDAY.,.  THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE  CONTRACTS: 950 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 415,000 QUEUE JUMP  .. WE HAD A SMALL SIZED LOSS OF 71 OI CONTRACTS ON THE TWO EXCHANGES FOR 0.355 MILLION  OZ..

     WE HAD 2  NOTICE(S) FILED TODAY FOR  10,000 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 4392 CONTRACTS  TO 432,976 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: REMOVED —  -213 CONTRACTS.

    .

    THE GOOD SIZED INCREASE  IN COMEX OI CAME DESPITE OUR GAIN IN PRICE OF $14.55//COMEX GOLD TRADING/MONDAY //  CONSIDERABLE 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 QUEUE. JUMP OF  12,200 OZ//NEW STANDING 71.284TONNES (QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)

    YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF  $14.55 WITH RESPECT TO MONDAY’S TRADING

    WE HAD A SMALL SIZED LOSS OF 4638 OI CONTRACTS 5.095 PAPER TONNES) ON OUR TWO EXCHANGES..

    E.F.P. ISSUANCE

    THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2754 CONTRACTS:

    The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 432,976

    IN ESSENCE WE HAVE A SMALL SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1638 CONTRACTS  WITH 4392 CONTRACTS DECREASED AT THE COMEX AND 2754 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS ON THE TWO EXCHANGES OF 1638 CONTRACTS OR 5.095 TONNES.

    CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

    WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2754) ACCOMPANYING THE GOOD SIZED LOSS IN COMEX OI (4392): TOTAL LOSS IN THE TWO EXCHANGES 1425 CONTRACTS. WE NO DOUBT HAD 1) CONSIDERABLE SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS/// STRONG NEWBIE SPEC  ADDITIONS  ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR OCT. AT 66.099 TONNES FOLLOWED BY TODAY’S 12,200 OZ QUEUE. JUMP ///NEW STANDING 71.284 TONNES//.    3) ZERO LONG LIQUIDATION //// //.,4)  GOOD SIZED COMEX OPEN INTEREST LOSS 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL/

    Read More @ HarveyOrganBlog.com