by Harvey Organ, Harvey Organ Blog:
GOLD REVERSES COURSE RISING $19.10 UP TO $1651.50//SILVER UP 43 CENTS TO $19.17//PLATINUM CLOSES UP $17.90 TO $934.60//PALLADIUM IS DOWN $45.07 TO $2018.25//JAPAN CENTRAL BANK CAPITULATES AND INTERVENES TO STOP THE FALL IN THE YEN//A MUST READ: ALASDAIR MACLEOD ON THE LAST STAND FOR FREE MARKETS//YIELDS ON USA 10 YR BOND RISES TO ABOVE 4.33%//UK 10 YEAR GILT RISES TO 4.06%//TURMOIL IN ALL MARKETS FORCES JAPANESE/USA FOR INTERVENTION//PEPE ESCOBAR ON DISCUSSION OF CHINA’S NEW PLENARY AND WATCH FOR CHINA’S ATTACK ON TAIWAN FOR THEIR SEMI CONDUCTORS//COVID UPDATES//VACCINE IMPACT//DR PAUL ALEXANDER//UPDATES ON THE UK FIASCO AND A MUST SEE VIDEO//STOCK MARKETS RISE ON WHISPERER STATING A POSSIBLE USA PAUSE IN INTEREST RATE HIKES
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: UP $19.10 to $1651.50
SILVER PRICE CLOSE: UP $0.43 to $19.17
Access prices: closes
Gold ACCESS CLOSE 1655.70
Silver ACCESS CLOSE: 19.31
New: early yesterday morning//
Bitcoin morning price: $18,991 DOWN 72
Bitcoin: afternoon price: $19,210 UP 147.
Platinum price closing UP $17.90 AT $934,60
Palladium price; closing DOWN $45.87 at $2018.25
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 $2258.75 CDN DOLLARS PER OZ UP $17.70 CDN DOLLARS
BRITISH GOLD IN POUNDS: 1465.65 POUNDS PER OZ UP 16.10 BRITISH POUNDS PER OZ/
EURO GOLD: 1678.70 EUROS PER OZ// UP 15.10 EUROS PER OZ///
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,630.800000000 USD
INTENT DATE: 10/20/2022 DELIVERY DATE: 10/24/2022
FIRM ORG FIRM NAME ISSUED STOPPED
323 C HSBC 381
435 H SCOTIA CAPITAL 309
657 C MORGAN STANLEY 13
661 C JP MORGAN 399 255
732 C RBC CAP MARKETS 1
880 H CITIGROUP 43
905 C ADM 15
TOTAL: 708 708
MONTH TO DATE: 23,158
JPMORGAN STOPPED 255/708
GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT: 708 NOTICES FOR 70,800 OZ or 2.2021 TONNES
total notices so far: 23,158 contracts for 2,215,800 oz (72.0311 tonnes)
SILVER NOTICES: 12 NOTICE(S) FILED FOR 60,000 OZ/
total number of notices filed so far this month 444 : for 2,220,000 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 $19.10
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 1.74 TONNES INTO THE GLD//
INVENTORY RESTS AT 930.99 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER UP 43 CENTS
AT THE SLV// :/BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A SMALL DEPOSIT OF .46 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 486.163 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A STRONG SIZED 657 CONTRACTS TO 137,426 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE GOOD GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR $0.33 GAIN IN SILVER PRICING AT THE COMEX ON THURSDAY. OUR BANKERS/HFT WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.33)., AND UNSUCCESSFUL IN KNOCKING OFF ANY SPEC LONGS, AS WE HAD A HUGE GAIN IN OUR TWO EXCHANGE OF 1014 CONTRACTS. HUGE NUMBERS OF SPECS CONTINUE TO ADD TO THEIR SHORTFALLS FROM WHICH OUR BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS. SOME SPEC LONGS ADDED TO THEIR POSITIONS
WE MUST HAVE HAD:
I) ZERO SPECULATOR SHORT COVERINGS BUT CONSIDERABLE SHORT ADDITIONS ////CONTINUED BANKER OI COMEX ADDITIONS /// SOME NEWBIE SPEC LONG 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 AN 85,000 OZ QUEUE. JUMP / // V) STRONG SIZED COMEX OI GAIN/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: –32
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 17 days, total 55,540 contracts: 27.770 million oz OR 1.633MILLION OZ PER DAY. (326 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 27.770 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. 27.770 MILLION OZ INITIAL
RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 657 WITH OUR $0.33 GAIN IN SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE CONTRACTS: 325 CONTRACTS ISSUED FOR DEC AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS./ WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR OCT. OF 1.580 MILLION OZ FOLLOWED BY TODAY’S 85,000 QUEUE JUMP .. WE HAD A HUGE SIZED GAIN OF 1014 OI CONTRACTS ON THE TWO EXCHANGES FOR 5.070 MILLION OZ..
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