by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP 55 CENTS TO $1647.15//SILVER CLOSED DOWN 9 CENTS TO $19.59//PLATINUM CLOSED DOWN $3.05 TO $945.20//PALLADIUM CLOSED DOWN $28.70 TO $1858.80//FOMC DISAPPOINTS EQUITIES (REPORT BELOW)COVID UPDATES: CHINA REAFFIRMS ITS ZERO COVID POLICY AS YESTERDAY WAS A TOTAL LIE//DR PAUL ALEXANDER//VACCINE IMPACT//BIRD FLU HITS THE UK BIG TIME AS WELL AS AN IOWA FARM//UKRAINE: CITIZENS LINE UP FOR FRESH WATER THROUGHOUT THE COUNTRY AS THEIR INFRASTRUCTURE WAS DESTROYED//WHEAT FALLS AS RUSSIA RESUMES WHEAT SHIPPMENTS THROUGH THE BLACK SEA//PRIVATE ADP REPORT SHOWS THE USA ECONOMY SLOWLY RECOVERING
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: UP $0.55 to $1647.15
SILVER PRICE CLOSE: DOWN 9 CENTS to $19.59
Access prices: closes : 4: 15 PM
Gold ACCESS CLOSE 1636.90
Silver ACCESS CLOSE: 19.26
New: early yesterday morning//
Bitcoin morning price: $20,442 DOWN 39
Bitcoin: afternoon price: $20,518 UP 39
Platinum price closing UP $17.25 AT $948.25
Palladium price; closing UP $32.35 at $1887.60
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: 2243.34 DOLLARS UP 0.70 CDN DOLLARS PER OZ
BRITISH GOLD: 1436.44 POUNDS PER OZ UP 3.13 POUNDS PER OZ
EURO GOLD: 1666,26 EUROS PER OZ DOWN 1.01 EUROS PER OZ.
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EXCHANGE: COMEX
EXCHANGE: COMEX//NOVEMBER
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,648.700000000 USD
INTENT DATE: 10/24/2022
EXCHANGE: COMEX
CONTRACT: NOVEMBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,645.000000000 USD
INTENT DATE: 11/01/2022 DELIVERY DATE: 11/03/2022
FIRM ORG FIRM NAME ISSUED STOPPED
118 C MACQUARIE FUT 400
132 C SG AMERICAS 24
190 H BMO CAPITAL 122
323 C HSBC 77
323 H HSBC 373
657 C MORGAN STANLEY 4
661 C JP MORGAN 362
690 C ABN AMRO 12
732 C RBC CAP MARKETS 8
737 C ADVANTAGE 9 26
800 C MAREX SPEC 5 9
880 H CITIGROUP 121
905 C ADM 22
TOTAL: 787 787
JPMORGAN STOPPED 781/1600
GOLD: NUMBER OF NOTICES FILED FOR NOV. CONTRACT: 787 NOTICES FOR 78,700 OZ or 2.4473 TONNES
total notices so far: 2817 contracts for 281,700 oz (8.7620 tonnes)
SILVER NOTICES: 7 NOTICE(S) FILED FOR 35000 OZ/
total number of notices filed so far this month 91 : for 455,000 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 $0.55
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 BIG CHANGE IN GLD INVENTORY: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD// /INVENTORY LOWERS TO 920.57 TONNES
INVENTORY RESTS AT 919.12 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 9 CENTS
AT THE SLV// :/SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A SMALL WITHDRAWAL OF OF .092 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 483.216 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A SMALL SIZED 282 CONTRACTS TO 138,875 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE SMALL LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR STRONG $0.53 GAIN IN SILVER PRICING AT THE COMEX ON TUESDAY. OUR BANKERS/HFT WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.53)., AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPEC LONGS, AS WE HAD A HUMONGOUS GAIN IN OUR TWO EXCHANGE OF 1905 CONTRACTS. HUGE SPECS TRIED TO COVER THEIR SHORTFALLS // OUR BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS. SOME NEWBIE SPEC LONGS ADDED TO THEIR POSITIONS/
WE MUST HAVE HAD:
I) SOME SPECULATOR SHORT COVERINGS WITH NO SHORT ADDITIONS ////CONTINUED BANKER OI COMEX ADDITIONS /// SOME NEWBIE SPEC LONG ADDITIONS. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A POWERFUL ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.045 MILLION OZ FOLLOWED BY TODAY’S 60,000 QUEUE JUMP//NEW STANDING:1.125 MILLION OZ/ / // V) SMALL SIZED COMEX OI LOSS/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: — 47
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS NOV. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF NOV:
TOTAL CONTRACTS for 2 days, total 2140 contracts: 10.700 million oz OR 5.35MILLION OZ PER DAY. (1070 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 10.700 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. 29.017 MILLION OZ FINAL
NOV: 10.7 MILLION
RESULT: WE HAD A SMALL SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 285 DESPITE OUR $0.53 GAIN IN SILVER PRICING AT THE COMEX// TUESDAY.,. THE CME NOTIFIED US THAT WE HAD A HUMONGOUS SIZED EFP ISSUANCE CONTRACTS: 2140 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 NOV. OF 1.345 MILLION OZ FOLLOWED BY TODAY’S 60,000 QUEUE JUMP/ .. WE HAVE A VERY STRONG SIZED GAIN OF 1905 OI CONTRACTS ON THE TWO EXCHANGES FOR 9.525 MILLION OZ..
WE HAD 7 NOTICE(S) FILED TODAY FOR 35,000 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 2651 CONTRACTS TO 467,276 AND CLOSER TO 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 -407 CONTRACTS.
.
THE FAIR SIZED INCREASE IN COMEX OI CAME WITH OUR RISE IN PRICE OF $9.20//COMEX GOLD TRADING/TUESDAY // ZERO SPECULATOR SHORT COVERINGS ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE./. WE HAD ZERO LONG LIQUIDATION AND CONSIDERABLE SPEC SHORT COVERINGS . // 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 NOV. AT 12.386 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE 55,300 OZ QUEUE JUMP //(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)
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