by Harvey Organ, Harvey Organ Blog:
SPEC SHORTS CAUGHT OFF SIDE AS GOLD AND SILVER RALLY BIG TIME: GOLD RISES $29.30 TO $1693.40//SILVER UP A HUGE $1.46 TO $20.53//PLATINUM UP $35.30 TO $902.60//PALLADIUM UP $58.00 TO $2240.40//PREMIUS ON PHYSICAL SILVER RISING TO BETWEEN $9.50 AND $12.00 PER OZ//CREDIT SUISSE LOOKS TO BE IN SERIOUS TROUBLE AS ITS CREDIT DEFAULT SWAPS (A BET ON ITS SURVIVAL) SKYROCKETS//REVOLT BREWING IN ENGLAND AS PROTESTERS BURN THEIR ENERGY BILLS//UK PRIME MINISTER DOES A U TURN AND CANCELS TAX BREAKS//COVID UPDATES: SWEDEN NO LONGER RECOMMENDS VACCINATIONS FOR AGES 12 TO 1//DR MICHAEL HUDSON: A MUST READ ON THE FATE OF GERMANY//PEPE ESCOBAR PROVIDES MORE FUE TO THE STORY THAT IT WAS THE USA THAT BOMBED OUT NORDSTEAM ONE AND TWO//ISM MANUFACTURING (USA) FALTERS LAST MONTH
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: UP $29.30 to $1693.40
SILVER PRICE CLOSE: UP $1.46 to $20.53
Access prices: closes
Gold ACCESS CLOSE 1699.20
Silver ACCESS CLOSE: 20.70
New: early this 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: $19,235 DOWN 496
Bitcoin: afternoon price: $19,491 DOWN 200
Platinum price closing UP 35.30 AT $902.60
Palladium price; closing UP $58.05 at $2240.40
END
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,662.400000000 USD
INTENT DATE: 09/30/2022 DELIVERY DATE: 10/04/2022
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 21
104 C MIZUHO 13
118 C MACQUARIE FUT 27
323 H HSBC 115
365 H ED&F MAN CAPITA 2
624 C BOFA SECURITIES 34
624 H BOFA SECURITIES 34
657 C MORGAN STANLEY 96
661 C JP MORGAN 266
685 C RJ OBRIEN 5
686 C STONEX FINANCIA 6
686 H STONEX FINANCIA 14
690 C ABN AMRO 101
700 C UBS 572
732 C RBC CAP MARKETS 12
800 C MAREX SPEC 97 39
845 C GOLDMAN SACHS C 1
878 C PHILLIP CAPITAL 4
880 C CITIGROUP 151
905 C ADM 13 3
TOTAL: 813 813
MONTH TO DATE: 20,641
JPMORGAN STOPPED 266/813
GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT: 813
20,641 NOTICES FOR 2,064,100 OZ //64.202 TONNES
total notices so far: 20,641 contracts for 2,064,100 oz (64.202 tonnes)
SILVER NOTICES: 3 NOTICES FILED FOR 15,000 OZ/
total number of notices filed so far this month 55 : for 275,000 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 $29.30
VERY STRANGE!!
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 1.45
TONNES FROM THE GLD/
INVENTORY RESTS AT 939.70 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER UP $1.46
AT THE SLV// ://BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A DEPOSIT OF OF 1.013 MILLION OZ INTO THE SLV//
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 480.917 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A GIGANTIC SIZED 2401 CONTRACTS TO 127,382 (ALL TIME LOW) AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE HUGE LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR $0.31 GAIN IN SILVER PRICING AT THE COMEX ON FRIDAY. OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.31) AND WERE UNSUCCESSFUL IN KNOCKING OFF SOME SPEC SILVER LONGS AS WE HAD A HUGE LOSS OF 2228 CONTRACTS ON OUR TWO EXCHANGES. WE DID HAVE HUGE SPEC SHORT COVERINGS WITH THE BANKERS CONTINUALLY ON THE BUY SIDE.
WE MUST HAVE HAD:
I) CONTINUAL HUGE SPECULATOR SHORT COVERINGS ////CONTINUED BANKER OI COMEX ADDITIONS /. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.580 MILLION OZ FOLLOWING A ZERO QUEUE JUMP / // V) GIGANTIC SIZED COMEX OI LOSS/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: –53
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 1 days, total 50 contracts: 0.250 million oz OR 0.250MILLION OZ PER DAY. (50 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 0.25 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
RESULT: WE HAD A GIGANTIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2401 DESPITE OUR STRONG $0.31 GAIN IN SILVER PRICING AT THE COMEX// FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE CONTRACTS: 50 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// NET SPEC SHORT LIQUIDATIONS /// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR OCT. OF 1.580 MILLION OZ FOLLOWED BY TODAY’S ZERO QUEUE JUMP .. WE HAD A GIGANTIC SIZED LOSS OF 2351 OI CONTRACTS ON THE TWO EXCHANGES FOR 11.755MILLION OZ..
WE HAD 3 NOTICE(S) FILED TODAY FOR 15,000 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 GIGANTIC SIZED 21,464 CONTRACTS TO 432,024 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 — -186 CONTRACTS.
.
THE GIGANTIC SIZED DECREASE IN COMEX OI CAME DESPITE OUR GAIN IN PRICE OF $3.75//COMEX GOLD TRADING/FRIDAY / WE HAD HUGE FINAL SPREADER LIQUIDATION WHICH HAD NO EFFECT ON PRICE// 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 1800 OZ//NEW STANDING 66.155 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 $3.75 WITH RESPECT TO FRIDAY’S TRADING
WE HAD A GIGANTIC SIZED LOSS OF 17,778 OI CONTRACTS 55.172 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 3726 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 432,024
IN ESSENCE WE HAVE A GIGANTIC SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 17,738 CONTRACTS WITH 21,464 CONTRACTS DECREASED AT THE COMEX AND 3726 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 17,738 CONTRACTS OR 54,59 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3726) ACCOMPANYING THE GIGANTIC SIZED LOSS IN COMEX OI (21,464): TOTAL LOSS IN THE TWO EXCHANGES 17,738 CONTRACTS. WE NO DOUBT HAD 1) CONSIDERABLE SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS/// ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR OCT. AT 66.099 TONNES FOLLOWED BY TODAY’S 1800 OZ QUEUE JUMP///NEW STANDING 66.155 TONNES//. 3) ZERO LONG LIQUIDATION //// //.,4) GIGANTIC SIZED COMEX OPEN INTEREST LOSS 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL/5/FINAL SPREADER LIQUIDATION.
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