Monday, August 19, 2019

TRUMP JR’S EMAIL SPARKS GOLD RECOVERY AS WELL AS SILVER/AGAIN MASSIVE VOLUME IN SILVER AT THE COMEX

HUGE MOVEMENT OF GOLD OUT OF COMEX WHILE HUGE MOVEMENTS INTO THE SILVER COMEX
from Harvey Organ:

RUSSIA EXPELS 35 USA DIPLOMATS AND SEIZES USA PROPERTY IN MOSCOW IN RETALIATION AGAINST SANCTIONS 6 MONTHS AGO.

In silver, the total open interest ROSE BY ONLY 6 contract(s) UP to 207,952 DESPITE THE NICE RISE IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (UP 28 CENT(S). WE AGAIN MOST HAVE HAD CONTINUAL NEW SPECS GOING SHORT WITH THE COMMERCIALS BOTH COVERING AND ALSO GOING LONG. THE NET EFFECT A TINY GAIN IN OI.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.039 BILLION TO BE EXACT or 149{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 289 NOTICE(S) FOR 1,445,000 OZ OF SILVER

In gold, the total comex gold ROSE BY 4,372 CONTRACTS WITH THE RISE IN THE PRICE OF GOLD ($3.50 with YESTERDAY’S TRADING). The total gold OI stands at 481,624 contracts.

we had 1 notice(s) filed upon for 100 oz of gold.

Read More @ Harveyorganblog.com

Court House Doors Will Reopen for Millions of U.S. Consumers

by Pam Martens and Russ Martens, Wall Street On Parade:
Yesterday, Richard Cordray, the Director of the Consumer Financial Protection Bureau (CFPB) that was created in 2010 under the Dodd-Frank financial reform legislation, did what few Americans thought he would dare to do: he stood up to threats of being fired; threats of backlash from Wall Street titans; threats of having his agency’s budget gutted; and Congressional threats of being put on a leash by a commission appointed by the President. Despite all of these threats and more, Cordray issued the final rule that allows consumers who have been defrauded in financial transactions involving credit cards and bank accounts to have access to file a group action (known legally as a “class action”) using the nation’s courts.

The rule mandates the following wording in bank account and credit card contracts: “You may file a class action in court or you may be a member of a class action filed by someone else.”

GOLD AND SILVER REBOUND/FRIDAY WITNESSES AN ASTRONOMICAL VOLUME OF 165,000 CONTRACTS

ITALY AND GERMANY BECOMES OUTRAGED WITH MIGRANTS: ITALY WANTS TO END IMMIGRATION;GERMANY WITNESSES THE INTRODUCTION OF SHARIA LAW IN BERLIN
from Harvey Organ:

MOSUL,IRAQ IS LIBERATED/OIL TUMBLES INTO THE 43 DOLLAR COLUMN/AVERY GOODMAN COMMENTARY ON WHY GOLD/SILVER HAVE BEEN SUPPRESSED/FBI DETERMINES THAT COMEY LEAKED CLASSIFIED INFORMATION IN THE RELEASE TO THE PUBLIC/TRUMP IS VERY ANGRY AT THAT

In silver, the total open interest SURPRISINGLY ROSE BY 141 contract(s) UP to 207,946 DESPITE THE MONSTROUS FALL IN PRICE THAT SILVER TOOK WITH FRIDAY’S TRADING (DOWN 53 CENT(S) ON TOP OF THE CONSTANT TORMENT THESE PAST FEW WEEKS. It could only mean that if the commercials did cover some contracts, the speculators were coaxed into going short. The Washington generals (specs) are being set up for the kill.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.040 BILLION TO BE EXACT or 149{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 61 NOTICE(S) FOR 305,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY ROSE BY 2,464 CONTRACTS DESPITE THE FALL IN THE PRICE OF GOLD ($13.40 with FRIDAY’S TRADING). The total gold OI stands at 475,295 contracts.

we had 1 notice(s) filed upon for 100 oz of gold.

Read More @ Harveyorganblog.com

Flash Crashes Are a Permanent Part of U.S. Markets: Should You Worry?

by Pam Martens and Russ Martens, Wall Street On Parade:

Over the past year, there have been flash crashes in multiple markets, raising concerns that fat fingers, algorithms and/or rogue hedge fund traders are still running amok. We’ll get to the specifics in a moment, but to put the unusual trading patterns in context, you need some important background information.

Wall Street On Parade began reporting on flash crash activity following the Granddaddy of all flash crashes thus far – the event on May 6, 2010 when the stock market did a bungee jump, briefly plunging 998 points, with hundreds of stocks momentarily losing 60 per cent or more of their value and knocking out stop-loss orders for retail investors. Former SEC Chair Mary Schapiro estimated at the time that individual investors had lost more than $200 million in these improperly triggered stop loss orders on May 6. (Read our skepticism on the official regulatory report here.)

These Charts Show the Fed’s Stress Tests as a Dangerous Illusion

by Pam Martens and Russ Martens, Wall Street On Parade:

Sometimes a picture really is worth a thousand words. The charts above show how four of the largest Wall Street banks traded like clones of one another yesterday. Their share prices rallied at almost identical times and the rallies faded at almost identical times. The chart contrasting the trading pattern of JPMorgan Chase and Morgan Stanley is particularly interesting. JPMorgan’s Chase bank has thousands of retail commercial bank branches spread across the United States. Morgan Stanley, on the other hand, has approximately 17,000 retail stockbrokers, now known as financial advisors. What both firms have in common is that they are among the five banks in the country that control a monster pile of derivatives on Wall Street. Ditto for the other two banks illustrated above: Citigroup and Bank of America.

A2A with Dave Kranzler of Investment Research Dynamics

by Turd Ferguson, TF Metals Report:
After a few weeks away, the award-winning webinar series “Access to Access” returns today with an update from our pal, Dave Kranzler of Investment Research Dynamics.

It’s always great to have Dave on as a guest and once again he did not disappoint. Over the course of this 54-minute call, Dave addresses a wide range of topics, including:

the developments today at Tahoe Resources
the current CoT structure and its implications for price
why Mother and her Goons are moving to raise the FF rate
possible gold and silver confiscation
how the mining shares may trade in a general equity bear market
and a whole lot more!
Please be sure to give this a listen and thanks again to Dave for all of his time.

Click HERE to Listen

JULY 7/RAID!!

GOLD: $1210.40 DOWN $13.40 Silver: $15.43 DOWN 53 cent(s)
from Harvey Organ:

In silver, the total open interest SURPRISINGLY ROSE BY A TINY 344 contract(s) UP to 207,805 WITH THE SMALL RISE IN PRICE THAT SILVER DELIVERED WITH YESTERDAY’S TRADING (UP 8 CENT(S) ON TOP OF THE CONSTANT TORMENT THESE PAST FEW WEEKS including today.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.0390 BILLION TO BE EXACT or 149{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 292 NOTICE(S) FOR 1,460,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY ROSE BY A HUGE 9974 CONTRACTS DESPITE THE TINY RISE IN THE PRICE OF GOLD ($3.40 with YESTERDAY’S TRADING). The total gold OI stands at 472,831 contracts.

we had 3 notice(s) filed upon for 300 oz of gold.

Read More @ Harveyorganblog.com

WAR DRUMS BEAT LOUDER AGAINST NORTH KOREA

EU PARLIAMENT SUSPENDS ACCESSION TALKS WITH TURKEY/MONTE DE PASCHI BAILED OUT AGAIN WITH A 5 BILLION EURO INFUSION
from Harvey Organ:

EARTHQUAKE AT 5.8 IN MONTANA UNDER THE YELLOWSTONE NATIONAL PARK WHICH CONTAINS THE SUPERVOLCANO UNDERGROUND

In silver, the total open interest SURPRISINGLY ROSE BY A HUGE 3,920 contract(s) UP to 207,461 DESPITE THE DRUBBING IN PRICE THAT SILVER TOOK WITH YESTERDAY’S ATTEMPTED RAID (DOWN 18 CENT(S) ON TOP OF THE CONSTANT TORMENT THESE PAST FEW WEEKS.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.037 BILLION TO BE EXACT or 148{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 369 NOTICE(S) FOR 1,845,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY ROSE BY A HUGE 5.656 CONTRACTS DESPITE THE TINY RISE IN THE PRICE OF GOLD ($2.40 with YESTERDAY’S TRADING). The total gold OI stands at 462,857 contracts.

we had 19 notice(s) filed upon for 1900 oz of gold.

Read More @ Harveyorganblog.com

Financial System of U.S. Rests on Health of Just Five Mega Banks

by Pam Martens and Russ Martens, Wall Street On Parade:
According to the Federal Deposit Insurance Corporation (FDIC), as of March 31, 2017 there were a total of 5,856 banks in the U.S. operating under its Federal deposit insurance umbrella. But according to government financial researchers, five of those banks pose an ongoing material threat to the U.S. financial system. Not surprisingly, those five banks hold insured deposits for savers while simultaneously engaging in highly leveraged, high risk trading on Wall Street.

On June 27, Janet Yellen, the Chair of the U.S. Federal Reserve (the nation’s central bank) spoke at an event at the British Academy in London.