Thursday, April 9, 2020

A Link For GATA

by Turd Ferguson, TF Metals Report:

As the new-and-improved Comex delivery charade continues for April, additional details are being brought forth to assure the world that there is plenty of gold available for immediate delivery. That’s nice. What’s always left out, however, is how many separate entities believe they own each and every ounce. 20? 50?? 100???

So let’s begin today with another check of the Apr20 gold “deliveries”. As of last evening, the total has reached 21,909 contracts for 2,190,900 ounces of gold.

TESTING FOR DNA…ER… I MEAN, CORONA VIRUS

by Joseph P. Farrell, Giza Death Star:

Someone who wishes to remain so Anonymous that they don’t even want me to use their initials spotted this article and passed it along. It has me wondering, and doubtless, will have you wondering too:

https://nocamels.com/2020/03/israel-china-coronavirus-testing-myheritage/

This intrigues me because it prompts an obvious question: what the heck is a DNA-heritage testing company doing involved in helping  China create a corona virus test? Well, for one thing, recall those stories early on as the corona virus story stated to go Viral (pardon the pun), spreading faster than the virus itself. Those early stories indicated that oriental peoples, and particularly Chinese, were more susceptible to the virus due to much higher numbers of receptors in their lungs for the virus to latch onto. In other words, there appeared – initially at least – to be a genetic component to the story, one which has all but dropped off the radar altogether in the past few weeks. Hence, it makes eminent sense for such a company, experienced in genetic sequencing, to be involved in a quick start-up for corona virus testing.

FED’S BALANCE SHEET RISES TO 6 TRILLION DOLLARS

by Harvey Organ, Harvey Organ Blog:

COMEX TOTALLY BROKEN; SPOT GOLD UP $7.80 TO $1620.80//SILVER DOWN 15 CENTS TO $14.35// HUGE SPREAD BETWEEN JUNE GOLD AND SPOT GOLD//RONAN MANLY ON THE COMEX A MUST READ TONIGHT//CORONAVIRUS UPDATE FOR USA AND THE GLOBE//JOBS REPORT: A MASSIVE -700,000 JOB LOSS//FED’S BALANCE SHEET RISES TO 6 TRILLION DOLLARS//OUR FALLEN ANGELS ARE NOW GAINING ATTENTION//MORTGAGE DEFAULTS ARE ON THE HORIZON/AND MANY MORE STORIES FOR YOU TONIGHT

MEXICO ORDERS ALL MINES SHUT AND THAT MEANS THE USA CANNOT GET ANY SILVER

by Harvey Organ, Harvey Organ Blog:

LONDON SPOT GOLD UP $31.80 TO $1612.50//FUTURES//JUNE 1631.00///SILVER UP 65 CENTS TO $14.50// FUTURES: $14.62//MEXICO ORDERS ALL MINES SHUT AND THAT MEANS THE USA CANNOT GET ANY SILVER//DTCC SHUT DOWN IN MARCH: WHO ON EARTH ARE CLEARING?//PERTH MINT ANNOUNCES ALL GOLD SOLD OUT//CORONAVIRUS UPDATE FROM USA, SPAIN, ITALY, ISRAEL//USA REPORTS A HUGE 6.7 MILLION FOLKS APPLIED FOR UNEMPLOYMENT INSURANCE: TOTAL FOR THE LAST 2 WEEKS: 10 MILLION//OTHER THAN THAT EVERYTHING IS OK!!???

The Comex And LBMA: Paper Gold On Steroids

by Dave Kranzler, Investment Research Dynamics:

I truly thought I had seen all that was possible in the creation of paper gold when the Comex rolled out its “pledged gold” category which enabled technically insolvent banks like HSBC and JP Morgan – the only two Comex banks to have taken advantage of this new gold derivative product – to use paper gold to satisfy the performance bond requirement of CME clearing members.

But now the LBMA and CME operators have rolled yet another paper gold derivative productive in the hopes that the two entities can stave off defaulting on futures and forward contractual delivery requirements.  The Accumulated Certificates of Exchange (“ACE”) facilitates the “fractional” delivery of a 400 oz gold bar.

COMEX BROKEN AS PHYSICAL GOLD MUCH HIGHER THAN PAPER GOLD

by Harvey Organ, Harvey Organ Blog:

COMEX BROKEN AS PHYSICAL GOLD MUCH HIGHER THAN PAPER GOLD//PAPER GOLD DOWN $32.70 TO $1588.30//SILVER UP 2 CENTS TO $13.96// A MASSIVE 79.8 TONNES OF GOLD STANDING AT THE COMEX//NEW YORK, NEW ORLEANS, DETROIT ARE THE BIG HOT POINTS FOR THE CORONAVIRUS//RIOTING IS OCCURRING IN ITALY//.HUGE CORONAVIRUS STORIES FROM THE USA//SWAMP STORIES

WITH GOLD DOWN $16.30: WITH NO PHYSICAL TO BE FOUND ANYWHERE:

by Harvey Organ, Harvey Organ Blog:

C COMEX DATA ONLY//FILE IS VERY BIG//DIVIDED IT INTO TWO

GOLD:$1621.00  DOWN $6.10   The quote is London spot price

Silver:$13.94//DOWN $0.44  London spot price

Closing access prices:  London spot

You mean there was never any gold at the Comex?

by Liz Hoffman, Amrith Ramkumar, and Joe Wallace, via GATA:

It’s an honest-to-God doomsday scenario and the ultimate doomsday-prepper market is a mess.

As the coronavirus pandemic takes hold, investors and bankers are encountering severe shortages of gold bars and coins. Dealers are sold out or closed for the duration. Credit Suisse Group AG, which has minted its own bars since 1856, told clients this week not to bother asking. In London, bankers are chartering private jets and trying to finagle military cargo planes to get their bullion to New York exchanges.

Gold traders are paid not to redeem Comex EFPs, London sources say

by Chris Powell, Gold Seek:

What the heck are those mysterious “exchange for physicals,” the mechanisms by which contracts to buy gold on the New York Commodities Exchange are neither fulfilled by delivery on the Comex nor settled for cash there but transported for supposed delivery elsewhere?

The mechanism long has been incorporated by the Comex trading system but was described as an “emergency” procedure undertaken upon agreement by buyer and seller — except that the use of this “emergency” procedure has exploded in the last year, involving tens of thousands of contracts and, nominally, hundreds of tonnes of gold.