Thursday, September 19, 2019

POOR CPI NUMBERS COUPLED WITH POOR RETAIL SALES SENDS GOLD AND SILVER NORTHBOUND WITH THE DOLLAR SINKING

TURKEY TURNS ITS BACK ON THE WEST: PURCHASES DEFENSE MISSILES FROM RUSSIA
from Harvey Organ:

TURKEY WILL NOT LET GERMANY VISIT ITS FORCES AT INCIRLIK

In silver, the total open interest FELL BY 2121 contract(s) DOWN to 206,358 WITH THE FALL IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (DOWN 18 CENT(S). WITH THE DATA TODAY, THE ONLY EXPLANATION IS THE COMMERCIALS CONTINUED AS THE SUPPLIER OF THE SHORT PAPER AND COVERED SOME OF THEIR SHORTS. THE SPECULATORS PITCHED SOME OF THEIR LONG SIDE PAPER

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.033 BILLION TO BE EXACT or 148{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 8 NOTICE(S) FOR 40,000 OZ OF SILVER

In gold, the total comex gold FELL BY A RATHER TAME 3,841 CONTRACTS WITH THE FALL IN THE PRICE OF GOLD ($1.50 with YESTERDAY’S TRADING). The total gold OI stands at 487,597 contracts. AGAIN, THE COMMERCIALS SUPPLIED THE SHORT PAPER TO WHICH THE SPECULATORS DECIDED TO LIGHTEN UP A BIT ON THEIR LONGS TO WHICH SOME OF THE COMMERCIALS COVERED THEIR SHORT POSITION.

we had 2 notice(s) filed upon for 200 oz of gold.

Read More @ Harveyorganblog.com

GOLD DOWN $1.50/SILVER IS DOWN 18 CENTS/AGAIN AT THE SILVER COMEX THE AMOUNT STANDING INCREASES BY 245,000 OZ

TOTAL SILVER STANDING: 14.560 MILLION OZ/REPUBLICANS INTRODUCE A NEW HEALTHCARE BILL BUT IT WILL GO NOWHERE
from Harvey Organ:

USA RUNS A SURPRISING DEFICIT OF $429 BILLION DUE TO EXPENDITURES WITH RESPECT TO STUDENT LOANS AND HOUSING LOANS

In silver, the total open interest ROSE BY 887 contract(s) UP to 208,479 WITH THE RISE IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (UP 15 CENT(S). WITH THE DATA TODAY, THE ONLY EXPLANATION IS THE COMMERCIALS CONTINUED AS THE SUPPLIER OF THE SHORT PAPER AND THE SPECULATORS WENT TO THE LONG SIDE GOBBLING UP THE PAPER.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.042 BILLION TO BE EXACT or 149{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 50 NOTICE(S) FOR 250,000 OZ OF SILVER

In gold, the total comex gold ROSE BY A MONSTROUS 15,769 CONTRACTS WITH THE RISE IN THE PRICE OF GOLD ($4.20 with YESTERDAY’S TRADING). The total gold OI stands at 491,438 contracts. AGAIN, THE COMMERCIALS SUPPLIED THE SHORT PAPER TO WHICH THE SPECULATORS WENT ON A RAMPAGE ON THE LONG SIDE.

we had 52 notice(s) filed upon for 5200 oz of gold.

Read More @ Harveyorganblog.com

THIS IS HOW YouTube is KILLING FREE SPEECH

by SGT, SGT Report:
On July 6th I received a STRIKE against my You Tube account for an interview I did with researcher Sofia Smallstorm that was uploaded and posted to You Tube … 22 MONTHS AGO.

On Thursday, You Tube removed the interview claiming that it violated the community guidelines which prohibit “predatory behavior, stalking, threats, harassment, bullying or intimidation.”

GOLD UP $4.20/SILVER UP 15 CENTS/AMOUNT STANDING AT THE SILVER COMEX RISES AGAIN/HUGE AMOUNT OF GOLD LEAVES THE REGISTERED (DEALER) ACCOUNT

SLV WITNESSES ANOTHER 1.986 MILLION OZ ADDED TODAY/IN THE LAST 3 DAYS 7.281 MILLION OZ “ADDED”
from Harvey Organ:

CANADA RAISES RATES BUT DATA SEEMS TO SUGGEST THE COUNTRY IS IN BIG TROUBLE/YELLEN VERY DOVISH IN HER HUMPHREY HAWKINS TESTIMONY/HARTFORD CT DEBT IS NOW JUNK

In silver, the total open interest SLIGHTLY FELL BY 360 contract(s) DOWN to 207,592 DESPITE THE RISE IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (UP 7 CENT(S). WE AGAIN MUST HAVE HAD NEW SPECS TRYING TO COVER THEIR NEW FOUND SHORTS WITH THE COMMERCIALS BOTH COVERING AND ALSO GOING LONG. THE NET EFFECT A TINY DROP IN OI. SOMETHING YESTERDAY FRIGHTENED THE SHORTS FROM BOTH SIDES OF THE ISLE TO COVER

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.038 BILLION TO BE EXACT or 148{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 145 NOTICE(S) FOR 725,000 OZ OF SILVER

In gold, the total comex gold FELL BY 3,998 CONTRACTS DESPITE THE RISE IN THE PRICE OF GOLD ($1.50 with YESTERDAY’S TRADING). The total gold OI stands at 475,669 contracts. SOMETHING FRIGHTENED THE GOLD SHORTS TO COMMENCE COVERING.

we had 0 notice(s) filed upon for 0 oz of gold.

Read More @ Harveyorganblog.com

U.S. House Financial Services Committee Needs New Leadership

by Pam Martens and Russ Martens, Wall Street On Parade:
When members of the U.S. House Financial Services Committee question Fed Chair Janet Yellen this morning following her testimony on monetary policy, many Republicans on the panel will be posturing for their money masters who fund their political campaigns rather than asking questions that benefit the average American.

You can tell that there has been a Koch Network-corporate takeover of the House Financial Services Committee by the statement that its Chairman, Jeb Hensarling, plastered on the front page of the Committee’s web site following the heroic actions of the Director of the Consumer Financial Protection Bureau, Richard Cordray, on Monday. Cordray reopened the nation’s courts to millions of Americans who have been the victims of predatory actions by the banks that fund Hensarling’s seat in Congress.

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.