by Harvey Organ, Harvey Organ Blog:
BANK RESCUE OF CREDIT SUISSE AND USA REGIONAL BANKS FAIL AS THEIR STOCKS FALL BADLY AND THAT PROPELS PRECIOUS METALS HIGHER: GOLD CLOSED UP $50.50 TO $1968.70//SILVER FINISHED THE DAY UP 79 CENTS TO $22.38//PLATINUM WAS UP $14.25 WHILE PALLADIUM WAS UP $42.50//UPDATES ON THE CREDIT SUISSE PROBLEMS AS WELL AS PROBLEMS WITH USA BANKS//PAM AND RUSS MARTENS DISCUSS THE DERIVATIVE MESS AT USA AND FOREIGN BANKS: A MUST READ!!//COVID UPDATES//DR PAUL ALEXANDER/DR PANDA/VACCINE IMPACT//SLAY NEWS//UKRAINE VS RUSSIA UPDATE//GREG HUNTER INTERVIEWS BILL HOLTER AND DR PAUL CRAIG ROBERTS A MUST SEE//CHINA REDUCES ITS RR TRYING TO STIMULATE DEMAND/CHINA’S USA DOLLAR RESERVES FALLS TO $859 BILLION//USA DATA RELEASES
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSED: UP $50.50 at $1968.70
SILVER PRICE CLOSED: UP $0.79 to $22.38
Access prices: closes : 4: 15 PM
Gold ACCESS CLOSE 1984.40
Silver ACCESS CLOSE: 22.55
Bitcoin morning price:, $26,229 UP 1247 Dollars
Bitcoin: afternoon price: $26,805 UP 1823 dollars
Platinum price closing $977.00 UP $14.25
Palladium price; closing $1405.55 UP $42.50
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: $2,725.60 UP $78.89 CDN dollars per oz(ALL TIME HIGH 2725.60)
BRITISH GOLD: 1629.85 UP 43.21 pounds per oz//(ALL TIME HIGH//1629.84)
EURO GOLD: 1860.82 UP 50.61 euros per oz //(ALL TIME HIGH//1860.82)
COMEX DATA
EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: MARCH 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,919.000000000 USD
INTENT DATE: 03/16/2023 DELIVERY DATE: 03/20/2023
FIRM ORG FIRM NAME ISSUED STOPPED
435 H SCOTIA CAPITAL 97
624 H BOFA SECURITIES 7
657 C MORGAN STANLEY 1
661 C JP MORGAN 175 77
690 C ABN AMRO 21
732 C RBC CAP MARKETS 6
737 C ADVANTAGE 7 3
905 C ADM 24
TOTAL: 209 209
MONTH TO DATE: 4,460
JPMORGAN stopped 77/209 contracts
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GOLD: NUMBER OF NOTICES FILED FOR MAR/2023. CONTRACT: 209 NOTICES FOR 20900 OZ or 0.6500 TONNES
total notices so far: 4450 contracts for 44,600 oz (13.8724 tonnes)
SILVER NOTICES: 31 NOTICE(S) FILED FOR 155,000 OZ/
total number of notices filed so far this month : 3041 for 15,205,000 oz
END
GLD
WITH GOLD UP $50.50
INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD
/NO CHANGES IN GOLD INVENTORY AT THE GLD://////
INVENTORY RESTS AT 914.72TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER UP 79 CENTS
WHAT????????
AT THE SLV// HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF OF 10.478 MILLION OZ FROM THE SLV: INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 462.748. MILLION OZ
SOMEBODY WAS BADLY IN NEED OF SILVER FROM THE SLV TODAY.
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY AN GIGANTIC SIZED 1901 CONTRACTS TO 119,412 A NEW RECORD LOW AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS GIGANTIC SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR $0.25 LOSS IN SILVER PRICING AT THE COMEX ON THURSDAY. THUS WE ARE NOW RECORDING FOR PROSPERITY OUR NEW LOW COMEX OI SILVER SET AT 119,412 CONTRACTS , MARCH 17/2023. OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.25). AND WERE SUCCESSFUL IN KNOCKING SOME SPEC LONGS AS WE HAD A VERY STRONG LOSS ON OUR TWO EXCHANGES 1356 CONTRACTS. WE HAD 0 CRIMINAL NOTICES FILED IN THE CATEGORY OF EXCHANGE FOR RISK TRANSFER ( THE TOTAL ISSUED IN THIS CATEGORY SO FAR THIS MONTH TOTAL 1 MILLION OZ.) WE HAVE FINISHED WITH OUR SPECS BEING SHORT AS THEY COVERED WITH THE RISE IN PRICE IN JANUARY . WE HAVE NOW RETURNED TO OUR USUAL AND CUSTOMARY SCENARIO: BANKERS SHORT AND SPECS LONG.
WE MUST HAVE HAD:
A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS( 400 CONTRACTS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 15.58 MILLION OZ(FIRST DAY NOTICE) FOLLOWED BY TODAY’S QUEUE JUMP TO LONDON OF 110,000 OZ//NEW STANDING: 15.390 MILLION OZ + THE 1.0 MILLION OZ OF EXCHANGE FOR RISK//THUS TOTAL NEW STANDING 16.390 MILLION OZ/ //// V) HUGE SIZED COMEX OI LOSS/ GOOD SIZED EFP ISSUANCE/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL –145 CONTRACTS
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS MAR. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF MAR:
TOTAL CONTRACTS for 13 days, total 10,494 contracts: OR 52.470 MILLION OZ . (807 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 52.47 MILLION OZ
.
LAST 23 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: 100.105/ MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.
MARCH 2023: 52.47 MILLION OZ//INITIAL//ON PAR WITH LAST MONTH
RESULT: WE HAD A GIGANTIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1901 CONTRACTS WITH OUR $0.25 LOSS IN SILVER PRICING AT THE COMEX//THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE CONTRACTS: 400 CONTRACTS ISSUED FOR MAY 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 MAR OF 15.58 MILLION OZ//FIRST DAY NOTICE// FOLLOWED BY TODAY’S 110,000 OZ QUEUE JUMP TO LONDON (WHICH INCREASES THE AMOUNT OF SILVER STANDING) + 1.0 MILLION OF EXCHANGE FOR RISK ISSUED EARLY IN MARCH (INCREASES THE AMOUNT OF SILVER STANDING) //NEW STANDING 16.390 MILLION OZ .. WE HAVE A GIGANTIC SIZED LOSS OF 1501 OI CONTRACTS ON THE TWO EXCHANGES
WE HAD 31 NOTICE(S) FILED TODAY FOR 155,000 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 1532 CONTRACTS TO 457,252 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 1363 CONTRACTS.
.
WE HAD A FAIR SIZED INCREASE IN COMEX OI ( 1532 CONTRACTS) DESPITE OUR $6.95 LOSS IN PRICE. WE ALSO HAD A SMALL INITIAL STANDING IN GOLD TONNAGE FOR MAR. AT 4.9953 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE QUEUE JUMP OF 34,300 OZ (1.067 TONNES) //(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S, ATTACHED TO COMEX CONTRACTS ) (EFP is the transfer of COMEX contracts immediately to London for potential gold deliveries originating from London).
YET ALL OF..THIS HAPPENED WITH OUR $6.95 LOSS IN PRICE WITH RESPECT TO THURSDAY’S TRADING
WE HAD A GOOD SIZED GAIN OF 3762 OI CONTRACTS (11.70 PAPER TONNES) ON OUR TWO EXCHANGES
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2230 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 457,252
IN ESSENCE WE HAVE A GOOD SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3762 CONTRACTS WITH 1532 CONTRACTS INCREASED AT THE COMEX AND 2230 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 3762 CONTRACTS OR 11.70 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2230 CONTRACTS) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI (1532) TOTAL GAIN IN THE TWO EXCHANGES 3,762 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 MAR. AT 4.9953 TONNES FOLLOWED BY TODAY’S 34,300 OZ QUEUE JUMP//NEW STANDING 14.765 TONNES // ///3) ZERO LONG LIQUIDATION //4) FAIR SIZED COMEX OPEN INTEREST GAIN// 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER/
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