by Harvey Organ, Harvey Organ Blog:
GOLD PRICE FALLS $7.40 TO $1650.25/SILVER FALLS 5 CENTS TO $18.68//PLATINUM DOWN $6.80 TO $919.25//PALLADIUM UP $9.25 TO $2016.20//CITIZENS OF TURKEY PURCHASE A HUGE 39 TONNES OF GOLD LAST MONTH AS THEIR LIRA HAS DEPRECIATED CONSIDERABLY///JAPAN’S INTERVENTION TO HALT THE YEN’S SLIDE FAILS MISERABLY//CREDIT SUISSE TO REORGANIZE//1/3 OF UKRAINE’S POWER STATIONS DESTROYED: LOOKS LIKE A BLEAK WINTER//TWO BIG COMMENTARIES TO READ: PEPE ESCOBAR AND SCOTT SKYRM//UKRAINE VS RUSSIA UPDATES//COVID UPDATES//DR PAUL ALEXANDER
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: DOWN $7.40 to $1650.85
SILVER PRICE CLOSE: DOWN $0.05 to $18,68
Access prices: closes
Gold ACCESS CLOSE 1651.50
Silver ACCESS CLOSE: 18.72
New: early yesterday morning//
Bitcoin morning price: $19,566 UP 24
Bitcoin: afternoon price: $19,185 DOWN 357.
Platinum price closing DOWN $6.80 AT $912.85
Palladium price; closing UP $9.25 at $2016.20
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 $2268.80 CDN DOLLARS PER OZ UP $3.68 CDN DOLLARS
BRITISH GOLD IN POUNDS: 1457.60 POUNDS PER OZ UP 5.13 BRITISH POUNDS PER OZ/
EURO GOLD: 1675.00 EUROS PER OZ// DOWN 1.78 EUROS PER OZ///
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,657.000000000 USD
INTENT DATE: 10/17/2022 DELIVERY DATE: 10/19/2022
FIRM ORG FIRM NAME ISSUED STOPPED
118 C MACQUARIE FUT 54
323 C HSBC 47
657 C MORGAN STANLEY 4
905 C ADM 3
TOTAL: 54 54
MONTH TO DATE: 22,259
JPMORGAN STOPPED 0/54
GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT: 54 NOTICES FOR 5400 OZ or 0.1617 TONNES
total notices so far: 22,259 contracts for 2,225,900 oz (69.235 tonnes)
SILVER NOTICES: 2 NOTICE(S) FILED FOR 10,000 OZ/
total number of notices filed so far this month 439 : for 2,145,000 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 DOWN $7.40
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 2.03 TONNES INTO THE GLD//
INVENTORY RESTS AT 939.10 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 5 CENTS
AT THE SLV// :/BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A HUGE DEPOSIT OF 1.658 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 487.729 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A HUGE SIZED 1021 CONTRACTS TO 135,304 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE GIGANTIC GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR $0.53 GAIN IN SILVER PRICING AT THE COMEX ON MONDAY. OUR BANKERS/HFT WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.53)., BUT UNSUCCESSFUL IN KNOCKING OFF ANY SPEC LONGS. HUGE NUMBERS OF SPECS CONTINUE TO ADD TO THEIR SHORTFALLS FROM WHICH OUR BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS.
WE MUST HAVE HAD:
I) STRONG SPECULATOR SHORT COVERINGS ////CONTINUED BANKER OI COMEX ADDITIONS /// CONSIDERABLE NEWBIE SPEC LONG ADDITIONS. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.580 MILLION OZ FOLLOWING A 415,000 OZ QUEUE JUMP / // V) GIGANTIC SIZED COMEX OI LOSS/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: +12
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 14 days, total 54,197 contracts: 27.0985 million oz OR 1.935MILLION OZ PER DAY. (387 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 27 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. 27.0985 MILLION OZ INITIAL
RESULT: WE HAD A GIGANTIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1021 DESPITE OUR HUGE $0.53 GAIN IN SILVER PRICING AT THE COMEX// MONDAY.,. THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE CONTRACTS: 950 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: /STRONG BANKER ADDITIONS // STRONG SHORT ADDITIONS//CONSIDERABLE NEWBIE SPEC LONG ADDITIONS// /// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR OCT. OF 1.580 MILLION OZ FOLLOWED BY TODAY’S 415,000 QUEUE JUMP .. WE HAD A SMALL SIZED LOSS OF 71 OI CONTRACTS ON THE TWO EXCHANGES FOR 0.355 MILLION OZ..
WE HAD 2 NOTICE(S) FILED TODAY FOR 10,000 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 GOOD SIZED 4392 CONTRACTS TO 432,976 AND FURTHER FROM 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 — -213 CONTRACTS.
.
THE GOOD SIZED INCREASE IN COMEX OI CAME DESPITE OUR GAIN IN PRICE OF $14.55//COMEX GOLD TRADING/MONDAY // CONSIDERABLE 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 12,200 OZ//NEW STANDING 71.284TONNES (QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)
YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $14.55 WITH RESPECT TO MONDAY’S TRADING
WE HAD A SMALL SIZED LOSS OF 4638 OI CONTRACTS 5.095 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2754 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 432,976
IN ESSENCE WE HAVE A SMALL SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1638 CONTRACTS WITH 4392 CONTRACTS DECREASED AT THE COMEX AND 2754 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 1638 CONTRACTS OR 5.095 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2754) ACCOMPANYING THE GOOD SIZED LOSS IN COMEX OI (4392): TOTAL LOSS IN THE TWO EXCHANGES 1425 CONTRACTS. WE NO DOUBT HAD 1) CONSIDERABLE SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS/// STRONG NEWBIE SPEC ADDITIONS ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR OCT. AT 66.099 TONNES FOLLOWED BY TODAY’S 12,200 OZ QUEUE. JUMP ///NEW STANDING 71.284 TONNES//. 3) ZERO LONG LIQUIDATION //// //.,4) GOOD SIZED COMEX OPEN INTEREST LOSS 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL/
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