by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $10.30 TO $1678.50//SILVER IS DOWN 11 CENTS TO $19.48//PLATINUM CLOSED UP $4.65 TO $904.30//PALLADIUM FLAT AT $2156.75// BANK OF ENGLAND MAYHEM: FIRST PIVOTS AGAIN AS GILT YIELDS RISE AGAIN: PROBLEMS WITH PENSION FUNDS AND INSURANCE FUNDS AND ISSUES AN ULTIMATUM TO PENSION FUNDS//USA IS NOW OFFICIALLY IN AN ECONOMIC WAR WITH CHINA RE THE SEMI CONDUCTOR CHIP BAN//CREDIT SUISSE IN TROUBLE AGAIN ON TWO FRONTS//GERMANY REVEALS PLANS TO DISTRIBUTE EUROS TO HOUSEHOLDS//COVID UPDATES//VACCINE IMPACT//DR PAUL ALEXANDER//UPDATES ON UKRAINE VS RUSSIA
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: UP $10.30 to $1678.50
SILVER PRICE CLOSE: DOWN $0.11 to $19.40
Access prices: closes
Gold ACCESS CLOSE 1666.70
Silver ACCESS CLOSE: 19.17
New: early yesterday morning//
Bitcoin morning price: $19,093 DOWN 171
Bitcoin: afternoon price: $18,995 DOWN 269
Platinum price closing UP 4.65 AT $904.30
Palladium price; closing DOWN 0 at $2156.25
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/closing ACCESS
CANADIAN GOLD $2299.95 CDN DOLLARS PER OZ DOWN $0.30 CDN DOLLARS
BRITISH GOLD IN POUNDS: 1519.20 POUNDS PER OZ UP 11.87 BRITISH POUNDS PER OZ/
EURO GOLD: 1717.50 EUROS PER OZ// DOWN 2 EUROS PER OZ///
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,667.300000000 USD
INTENT DATE: 10/10/2022 DELIVERY DATE: 10/12/2022
FIRM ORG FIRM NAME ISSUED STOPPED
118 C MACQUARIE FUT 1
323 C HSBC 17
435 H SCOTIA CAPITAL 9
657 C MORGAN STANLEY 2
661 C JP MORGAN 8
800 C MAREX SPEC 17 2
TOTAL: 28 28
MONTH TO DATE: 21,547
JPMORGAN STOPPED 8/28
GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT: 28 NOTICES FOR 2800 OZ //.08709 TONNES
total notices so far: 21,547 contracts for 2,154,700 oz (67.020 tonnes)
SILVER NOTICES: 38 NOTICES FILED FOR 190,000 OZ/
total number of notices filed so far this month 359 : for 1,795,000 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 10.30
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//
NO CHANGES IN GOLD INVENTORY AT THE GLD: /////
INVENTORY RESTS AT 944.31 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 11 CENTS
AT THE SLV// :/BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A HUGE DEPOSIT OF 5.066 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 478.196 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A FAIR SIZED 461 CONTRACTS TO 125,743 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE FAIR LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR HUGE $0.65 LOSS IN SILVER PRICING AT THE COMEX ON MONDAY. OUR BANKERS/HFT WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.65).SPECS CONTINUE TO ADD TO THE SHORTFALLS. OUR BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS.
WE MUST HAVE HAD:
I) MINIMAL SPECULATOR SHORT COVERINGS ////CONTINUED BANKER OI COMEX ADDITIONS /// SOME NEWBIE SPEC SHORT 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 185,000 OZ QUEUE JUMP / // V) FAIR SIZED COMEX OI LOSS/ MINIMAL SPEC COVERING THEIR SHORTS.
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: +69
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS SEPT. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF OCT:
TOTAL CONTRACTS for 9 days, total 50,050 contracts: 25.025 million oz OR 2.777MILLION OZ PER DAY. (556 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 25.025 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. 25.025 MILLION OZ INITIAL
RESULT: WE HAD A FAIR SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 461 WITH OUR HUGE $0.65 LOSS IN SILVER PRICING AT THE COMEX// MONDAY.,. THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE CONTRACTS: 275 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: /SOME BANKER ADDITIONS // SOME SHORT ADDITIONS//SMALL NEWBIE SPEC LONG ADDITIONS// /// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR OCT. OF 1.580 MILLION OZ FOLLOWED BY TODAY’S 185,000 QUEUE JUMP .. WE HAD A SMALL SIZED LOSS OF 186 OI CONTRACTS ON THE TWO EXCHANGES FOR 0.930 MILLION OZ..
WE HAD 38 NOTICE(S) FILED TODAY FOR 190,000 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 FAIR SIZED 173 CONTRACTS TO 435,083 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 — -57 CONTRACTS.
.
THE FAIR SIZED INCREASE IN COMEX OI CAME DESPITE OUR HUGE LOSS IN PRICE OF $33.80//COMEX GOLD TRADING/MONDAY // SOME 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 10,400 OZ//NEW STANDING 68.679 TONNES (QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)
YET ALL OF..THIS HAPPENED DESPITE OUR LOSS IN PRICE OF $33.80 WITH RESPECT TO MONDAY’S TRADING
WE HAD A GOOD SIZED GAIN OF 3976 OI CONTRACTS 12.367 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2203 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 435,026
IN ESSENCE WE HAVE A GOOD SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3976 CONTRACTS WITH 1773 CONTRACTS INCREASED AT THE COMEX AND 2203 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 3976 CONTRACTS OR 12.367 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2203) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI (1773): TOTAL GAIN IN THE TWO EXCHANGES 3976 CONTRACTS. WE NO DOUBT HAD 1) MINOR 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 10,400 OZ QUEUE JUMP///NEW STANDING 68.702 TONNES//. 3) ZERO LONG LIQUIDATION //// //.,4) FAIR SIZED COMEX OPEN INTEREST GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL/
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