Thursday, October 17, 2019

BIG RAID IN GOLD AND SILVER TODAY

by Harvey Organ, Harvey Organ Blog:

BIG RAID IN GOLD AND SILVER TODAY//GOLD DOWN $10.00 TO $1497.90//SILVER DOWN 22 CENTS TO $17.56//QUEUE JUMPING FOR BOTH GOLD AND SILVER AT THE COMEX..STRANGE!! DESPITE THE LOSS IN PRICE A HUGE 1.443 MILLION OZ ADDITION TO THE SLV…//ALL COMEX DATA COMPLETE//ALL MORNING, AFTERNOON AND EVENING DATA COMPLETE//MAJOR STORIES PROVIDED FOR YOU TONIGHT

Keiser Report: Velocity of Money at All Time Low (E1446)

from RT:

In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about the housing bubbles and the turmoil in the repo market.

THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD

by Harvey Organ, Harvey Organ Blog:

GOLDEN WEEK ENDS AT MIDNIGHT TONIGHT //GOLD AND SILVER WILL RISE STARTING TOMORROW

GOLD:$1499.35 DOWN $7.00 (COMEX TO COMEX CLOSING

Silver: $17.49 DOWN 6 CENTS  (COMEX TO COMEX CLOSING)

Why fiat currency requires gold price suppression forever

by Chris Powell, Gold Seek:

Dear Friend of GATA and Gold:

Our friend C.W. wrote this week:

“After reading recent commentaries noting that the U.S. Justice Department and Commodity Futures Trading Commission are overlooking the long-term suppression of the gold price while indicting individual traders for spoofing the gold and silver futures markets, I wondered why the authors did not acknowledge a simple likely explanation.

DATA ON EXCHANGE FOR PHYSICALS ONLY

by Harvey Organ, Harvey Organ Blog:

DATA ON EXCHANGE FOR PHYSICALS ONLY// COMEX DATA COMPLETE EXCEPT INVENTORY LEVELS

the data today is only the preliminary numbers/ and final efp

plus some GATA stories and early morning impt events

I will try to give partial commentary on Monday

GOLD:$1506.35 DOWN $2.40 (COMEX TO COMEX CLOSING)

Silver:$17.55 DOWN 9 CENTS  (COMEX TO COMEX CLOSING)

CFTC Settles With Morgan Stanley & Mitsubishi, $1.4 & $0.4 Million Fines For Spoofing Gold & Silver

from Silver Doctors:

Mitsubishi pays only $400,000 for spoofing gold & silver futures between “at least” April 2016 and January 2018 on COMEX via London… 

Justice?

Or Just us?

From the CFTC

WILD DAY AS DOW PLUMMETS ALMOST 500 POINTS

by Harvey Organ, Harvey Organ Blog:

WILD DAY AS DOW PLUMMETS ALMOST 500 POINTS//GOLD A WINNER UP $19.30 TO $1501.95//SILVER IS UP 33 CENTS TO $17.61//QUEUE JUMPING CONTINUES AT BOTH THE GOLD COMEX/AND SILVER COMEX///WE STILL HAVE OVER 29 TONNES OF GOLD STANDING IN OCTOBER//JAPAN FINALLY RAISES ITS SALES TAX TO 10% AND THAT WILL NO DOUBT BRING ON A RECESSION OVER THERE//EUROPE LOSES ITS WTO CASE WITH ESPECT TO AIRBUS AND THUS THE USA WILL INITIATE 7.5 BILLION DOLLARS ON EUROPEAN GOODS//MORE REPO UPTAKE AT 42 BILLION DOLLARS AND THE CULPRIT IS NONE OTHER THAN JPMORGAN

Bank Gold Price Manipulation Continues – Craig Hemke (01/10/2019)

by Craig Hemke, Sprott Money:

You didn’t actually think that a couple of indictments were going to change things, did you? By now you must understand that The Banks will continue to manage and rig prices until the time comes that it is no longer profitable for them to do so.

In case you need a summary of recent events, please take time to review these three links:

• https://www.cnbc.com/2019/08/20/another-ex-jp-morg…

• https://www.nbcnews.com/news/us-news/justice-depar…

• https://www.zerohedge.com/markets/abject-corruptio…

What was once dismissed as “conspiracy theory” is instead becoming widely understood as “historical fact.” Yes, the market-making Bullion Banks seek to manage price for their benefit, and yes, gold price management dates back to the 1950s. However—and despite the recent indictments—these illegal schemes continue to this day.

REPO PROBLEMS STILL EXIST ON FIRST DAY OF Q4 AS 55 BILLION DOLLARS IS TAKEN UP

by Harvey Organ, Harvey Organ Blog:

REPO PROBLEMS STILL EXIST ON FIRST DAY OF Q4 AS 55 BILLION DOLLARS IS TAKEN UP//WORSE MFG DATA IN 10 YRS AND BOTH OF THESE DATA POINTS SENDS THE DOW DOWN 343 POINTS//GOLD DOES AN OUTSIDE REVERSAL TO THE UPSIDE GAINING $15.25 TO $1482.65/SILVER ADVANCES 30 CENTS TO $17.28//QUEUE JUMPING ON BOTH GOLD AND SILVER ON DAY 2 OF THE DELIVERY CYCLE//YESTERDAY WITH SILVER DOWN 58 CENTS NOBODY LEAVES THE SILVER ARENA AND FEW LEAVE THE GOLD ARENA//HONG KONG WITNESSES MORE PROTESTS ON THE 70TH ANNIVERSARY OF COMMUNIST RULE//EU SIGNALS THAT IT MAY GIVE A TIME LIMIT ON THE IRISH BACKSTOP

ANOTHER BIG REPO UPTAKE

by Harvey Organ, Harvey Organ Blog:

GOLDEN CHINESE WEEK BEGINS AND AS USUAL THEY RAID GOLD DOWN $32.50 TO $1467.40/SILVER DOWN 58 CENTS TO $16.98//ANOTHER BIG REPO UPTAKE//COLLATERAL RATE RISES BY A FULL 1%//MORE SWAMP STORIES FOR YOU TONIGHT

GOLD:$1467.40 DOWN $32.50 (COMEX TO COMEX CLOSING)

Silver:$16.98 DOWN 58 CENTS  (COMEX TO COMEX CLOSING)