by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN $10.90 TO $1867,45//SILVER CLOSED DOWN 14 CENTS TO $22.13//PLATINUM CLOSED DOWN $20.30 TO $962.70//PALLADIUM CLOSED DOWN $19.30 TO $1634.95//HUGE PROBLEM IN THE COMMODITY AREA AS TRIFIGURA IS CAUGHT WITH ANOTHER FRAUDULENT SUPPLY ISSUE OF NICKEL COURTESY OF THE CROOKED GUPTA GROUP OF INDIA: THIS SET OFF MARGIN CALLS ON MANY COMMODITIES//COVID UPDATES//VACCINE IMPACT//DR PAUL ALEXANDER//FRANCE IS NOW IN ABSOLUTE TURMOIL AFTER THE EU COURT DISALLOWED A TYPE OF FERTILIZER USED BY FRENCH FARMERS FOR BEETS: TRACTORS LINED PARIS STREETS ALONG WITH OUR USUAL PROTESTERS FOR PENSION CHANGES//ARIZONA HOSPITAL MAY GO BUST AS THEY CANNOT FINANCIALLY COPE WITH MIGRANT CARE
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSED: DOWN $10.90 at $1867.45
SILVER PRICE CLOSED: DOWN $0.14 to $22.13
Access prices: closes : 4: 15 PM
Gold ACCESS CLOSE 1861.70
Silver ACCESS CLOSE: 21.97
Bitcoin morning price:, 22,720 DOWN 162 Dollars
Bitcoin: afternoon price: $21,966 DOWN 916 dollars
Platinum price closing $982.60 UP $6.10
Palladium price; closing 1654.25 UP 3.30
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: $2,505.16 DOWN $15.75 CDN dollars per oz
BRITISH GOLD: 1536.51 DOWN 16.75 pounds per oz
EURO GOLD: 1734.20 DOWN 15.57 euros per oz
EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: FEBRUARY 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,877.400000000 USD
INTENT DATE: 02/08/2023 DELIVERY DATE: 02/10/2023
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 3
104 C MIZUHO 1
118 C MACQUARIE FUT 100
132 C SG AMERICAS 10 3
323 C HSBC 4
624 H BOFA SECURITIES 42
657 C MORGAN STANLEY 9
661 C JP MORGAN 17 48
800 C MAREX SPEC 4 4
880 C CITIGROUP 16
905 C ADM 1
TOTAL: 131 131
MONTH TO DATE: 12,85
JPMORGAN STOPPED 48/131
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GOLD: NUMBER OF NOTICES FILED FOR FEB/2023. CONTRACT: 131 NOTICES FOR 13100 OZ or 0.4074 TONNES
total notices so far: 12,856 contracts for 1,285,600 oz (39.988 tonnes)
SILVER NOTICES: 4 NOTICE(S) FILED FOR 20,000 OZ/
total number of notices filed so far this month :714 for 3,570,000 oz
END
GLD
WITH GOLD DOWN $10.90
INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD
///SMALL CHANGES IN GOLD INVENTORY AT THE GLD//A DEPOSIT OF 0.38 TONNES FROM THE GLD//
INVENTORY RESTS AT 921.10TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 14 CENTS
AT THE SLV// :/HUGE CHANGES IN SILVER INVENTORY AT THE SLV: INTO THE SLV/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 483.76. MILLION OZ (CORRECTED
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A STRONG SIZED 647 CONTRACTS TO 132,954 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE TINY GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR $0.22 GAIN SILVER PRICING AT THE COMEX ON WEDNESDAY. FOR THE TWO MONTHS, OUR BANKERS HAVE RETURNED TO BEING NET SHORT AND THUS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.22. AND WERE SOMEWHAT SUCCESSFUL IN KNOCKING SOME SPEC LONGS, AS WE HAD A GOOD SIZED LOSS ON OUR TWO EXCHANGES OF 347 CONTRACTS. AS WELL, WE HAD 0 NOTICES FOR EXCHANGE FOR RISK TRANSFER (0.0 MILLION OZ. ) AS THE TOTAL ISSUED IN THIS CATEGORY SO FAR THIS MONTH TOTAL 1.775 MILLION OZ. WE HAVE FINISHED WITH OUR SPECS BEING SHORT AS THEY COVERED WITH THE RISE IN PRICE . WE HAVE NOW RETURNED TO OUR USUAL AND CUSTOMARY SCENARIO: BANKERS SHORT AND SPECS LONG.
WE MUST HAVE HAD:
A FAIR ISSUANCE OF EXCHANGE FOR PHYSICALS( 300 CONTRACTS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 0.540. MILLION OZ FOLLOWED BY TODAY’S 20,000 OZ QUEUE JUMP O// NEW TOTALS STANDING = 3.670 MILLION OZ + 1.775 MILLION OF EXCHANGE FOR RISK//TOTAL STANDING 5.445 MILLION OZ//// V) TINY SIZED COMEX OI GAIN/ FAIR SIZED EFP ISSUANCE/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL -769
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS FEB. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF FEB:
TOTAL CONTRACTS for 7 days, total 7846 contracts: OR 39,230 MILLION OZ . (1120 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 39.23 MILLION OZ (HUGE)
.
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: 134.290 MILLION OZ//FINAL
DEC, 61.395 MILLION OZ FINAL
JAN 2023/// 53.070 MILLION OZ //FINAL
FEB: 2023: 39.23 MILLION OZ/INITIAL//HEADING FOR A RECORD MONTH OF ISSUANCE!!
RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 647 DESPITE OUR $0.22 GAIN IN SILVER PRICING AT THE COMEX//WEDNESDAY.,. THE CME NOTIFIED US THAT WE HAD A FAIR SIZED EFP ISSUANCE CONTRACTS: 300 CONTRACTS ISSUED FOR MAR 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 FEB OF 0.54 MILLION OZ FOLLOWED BY TODAY’S 20,0000 OZ QUEUE JUMP= NEW STANDING: 3.670 MILLION OZ + 1.775 MILLION OZ EXCHANGE FOR RISK://NEW STANDING REMAINS AT 5.445 MILLION OZ .. WE HAVE AN GOOD SIZED GAIN OF 422 OI CONTRACTS ON THE TWO EXCHANGES DESPITE THE STRONG GAIN IN PRICE//
WE HAD 4 NOTICE(S) FILED TODAY FOR 20,000 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 SMALL SIZED 790 CONTRACTS TO 438,965 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: removed – 251 CONTRACTS.
.
WE HAD A SMALL SIZED DECREASE IN COMEX OI ( 1041 CONTRACTS) DESPITE OUR $6.15 GAIN IN PRICE. WE ALSO HAD A SMALL INITIAL STANDING IN GOLD TONNAGE FOR FEB. AT 41.601 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S QUEUE JUMP OF 5100 OZ //NEW STANDING: 43.076 TONNES//(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S ) (EFP is the transfer of contracts immediately to London for potential gold deliveries originating from London). TONNES
YET ALL OF..THIS HAPPENED WITH OUR $6.15 GAIN IN PRICE WITH RESPECT TO WEDNESDAY’S TRADING
WE HAD A FAIR SIZED GAIN OF 1719 OI CONTRACTS (5.3468 PAPER TONNES) ON OUR TWO EXCHANGES
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2760 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 438,965
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1970 CONTRACTS WITH 790 CONTRACTS DECREASED AT THE COMEX AND 2760 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 1970 CONTRACTS OR 5.7013 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2760 CONTRACTS) ACCOMPANYING THE SMALL SIZED LOSS IN COMEX OI (1041) TOTAL GAIN IN THE TWO EXCHANGES 1719 CONTRACTS. WE HAVE ( 1) NOW RETURNED TO OUR NORMAL FORMAT OF BANKERS GOING SHORT AND SPECULATORS GOING LONG ,2.) FAIR INITIAL STANDING AT THE GOLD COMEX FOR FEB. AT 41.601 TONNES FOLLOWED BY TODAY’S 5100 OZ QUEUE JUMP // ///3) ZERO LONG LIQUIDATION //4) SMALL SIZED COMEX OPEN INTEREST LOSS// 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER/
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