Monday, May 17, 2021

GLOBAL SHORTAGE OF SEMI-CONDUCTOR CHIPS TO CONTINUE ONTO 2022

by Harvey Organ, Harvey Organ Blog:

GOLD AND SILVER HAVE A STELLAR DAY: GOLD UP $29.40 TO $1765.90//SILVER UP 42 CENTS TO $25.87//HUGE QUEUE JUMPING BY OUR BANKERS: UP 3 TONNES AND NOW NEW GOLD STANDING AT THE COMEX: 87.7 TONNES//SILVER REMAINS CONSTANT AT 15.035 MILLION OZ//SILVER OI FOR MAY DELIVERY: AN EXTREMELY HIGH 83,000CONTRACTS//CORONAVIRUS UPDATES//VACCINE UPDATES//RUSSIA VS UKRAINE//USA INITIATES MORE SANCTIONS ON RUSSIA: DUMB MOVE!//RUSSIA WILL CLOSE KERCH STRAIT AND THAT BLOCKS UKRAINE FROM EXPORTING GOODS VIA SEA//GLOBAL SHORTAGE OF SEMI-CONDUCTOR CHIPS TO CONTINUE ONTO 2022/USA RETAIL SALES EXPLODE: UP 9.8% M/M/SWAMP STORIES FOR YOU TONIGHT

A guess: Metals were smashed yesterday to offset today’s bad inflation report

from Silver Doctors:

Many people were wondering why gold and silver were smashed yesterday when there seemed to be no particular news unfavorable to the monetary metals…

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

12:09p ET Tuesday, April 13, 2021

Dear Friend of GATA and Gold:

SPROTT GOING AFTER ANOTHER ONE BILLION DOLLARS WORTH OF PRECIOUS METALS

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $11.00 TO $1736.50//SILVER UP 9 CENTS TO $25.45 AS THE BIS/BANKERS CONTINUE TO RAID OUR PRECIOUS METALS//GOLD STANDING AT THE COMEX RISES TO 84.4 TONNES/SILVER OZ STANDING REMAINS CONSTANT AT 15 MILLION OZ//CORONAVIRUS UPDATES//VACCINE UPDATES//CHINA VS TAIWAN //IRAN MISSILE HITS ISRAELI VESSEL: NO DAMAGE//RUSSIA VS UKRAINE UPDATES//SPROTT GOING AFTER ANOTHER ONE BILLION DOLLARS WORTH OF PRECIOUS METALS//LBAMA ACKNOWLEDGE SILVER SHORTAGES//ON INFLATION FRONT HUGE RISE IN IMPORT PRICES//RIOTING IN THE STREETS OF PORTLAND AND MINNESOTA//SWAMP STORIES FOR YOU TONIGHT

CHINESE FINANCIAL GIANT HUARONG CLOSE TO BANKRUPTCY

by Harvey Organ, Harvey Organ Blog:

INFLATION RED HOT: NEW CPI UP .6% MONTH/MONTH//THIS GIVES GOLD AND SILVER A BOOST: GOLD UP $14.50 TO $1747.50//SILVER UP 51 CENTS TO $25.36//GOLD STANDING AT THE COMEX LOSES 4 CONTRACTS AND STANDS AT 83.4 TONNES//SILVER ADVANCES TO 15.04 MILLION OZ//CORONAVIRUS UPDATES/VACCINE UPDATES//IRAN VS ISRAEL//UKRAINE VS RUSSIA//CHINESE GROWTH SLOWS//CHINESE FINANCIAL GIANT HUARONG CLOSE TO BANKRUPTCY//BIDEN TO ANNOUNCE REMOVAL OF TROOPS FROM AFGHANISTAN BY SEPT.//SWAMP STORIES FOR YOU TONIGHT

USA BUDGET DEFICIT SWELLS BY $660 BILLION IN MARCH

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $11.10 TO $1733.00//SILVER DOWN 39 CENTS TO $24.85//GOLD TONNAGE AT COMEX RISES TO 83.4 TONNES//SILVER OZ STANDING REMAINS CONSTANT AT 14.80 MILLION OZ//MAY OI FOR SILVER REMAINS VERY HIGH AT 101,000 CONTRACTS//CORONAVIRUS UPDATES//VACCINE UPDATES//TAIWAN VS CHINA//IRAN VS ISRAEL//RUSSIA VS UKRAINE//CHINA CRACKS DOWN ON JACK MA//ST VINCENT VOLCANO UPDATES//USA BUDGET DEFICIT SWELLS BY $660 BILLION IN MARCH// SWAMP STORIES FOR YOU TONIGHT

Basel 3 rules may not hamper gold price suppression much

by Robert Lambourne, Gold Seek:

This note considers the potential impact of the “Basel 3” regulatory standards of the Bank for International Settlements on the bank’s own gold banking business, which is of interest to gold investors mainly due to the regular trading the BIS does in gold swaps and other derivatives.

These gold transactions by the BIS are perhaps the most obvious sign of regular and often extensive if usually surreptitious gold trading done by central banks.

This trading in gold by the BIS is not consistent with the claim that gold is no longer of significance in the world financial system. A review of the BIS’ use of gold swaps as at February 28, 2021, is here:

Even the TV pundits are now asking, without bothering to investigate, “what’s wrong with gold?

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $13.50 TO $1744.10//SILVER DOWN 27 CENTS TO $25.24//HUGE QUEUE JUMP AT GOLD COMEX OF 3.5 TONNES AS NEW STANDING RESTS THIS WEEKEND AT 83.3 TONNES//SILVER ALSO ADVANCES TO 14.8 MILLION OZ//MAY OI IN SILVER REMAINS EXTREMELY HIGH AT 109,171 CONTRACTS//ONE COVID COMMENTARY TONIGHT//ANDREW MAGUIRE AND ALASDAIR MACLEOD: A MUST WATCH VIDEO//RUSSIA VS UKRAINE//ISRAEL VS IRAN/ USA DATA: PPI RED HOT//SWAMP STORIES FOR YOU TONIGHT

HUNGARIAN CENTRAL BANK TRIPLES ITS RESERVES FROM 31 TONNES TO 94 TONNES OF GOLD

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN $1.25 TO $1740.70//SILVER ROSE 3 CENTS TO $25.18//GOLD TONNAGE AT THE COMEX ROSE SMARTLY UP 1 FULL TONNE TO 79.9 TONNES//SILVER HELD FIRM AT 14.210 MILLION OZ//MAY OPEN INTEREST FOR SILVER REFUSES TO CONTRACT AND REMAINS AT 116,000 CONTRACTS//CORONAVIRUS UPDATE/VACCINE UPDATE//HUNGARIAN CENTRAL BANK TRIPLES ITS RESERVES FROM 31 TONNES TO 94 TONNES OF GOLD//USA MULLING THE IDEA OF BOYCOTTING THE BEIJING OLYMPICS//RUSSIA VS UKRAINE UPDATES/YELLEN TO REVEAL HER $2.5 TAX RECLAMATION PLAN: SHE THREATENS TO WITHDRAW ACCOMODATION//HIGHEST EVER USA DEFICIT IN FEB AT $71.1 BILLION//ARCHEGOS UPDATES/SWAMP STORIES FOR YOU TONIGHT

Silver Bugs Are Getting Angry And Mad: One Step Closer To Capitulation

from Silver Doctors:

When will silver go on its next rip roaring rally? Here’s when…

*****

Half Dollar’s Note: I will not be writing my usual Friday market wrap today.

[sounds of cheering and applause in the background]

FACTORY ORDERS IN USA DROP BADLY LAST MONTH

by Harvey Organ, Harvey Organ Blog:

GOLD SURPRISINGLY HOLDS, DOWN ONLY $1.65 TO $1727.95//SILVER DOWN 14 CENTS TO $24.76//GOLD TONNAGE ADVANCES FOR APRIL DELIVERY TO: 79.082 TONNES//SILVER ADVANCES TO 14.205 MILLION OZ// ANOTHER 2 TONNES LEAVES GOLD COMEX//1.122 MILLION OZ LEAVES SILVER COMEX//A MASSIVE 118,000 OI CONTRACTS STILL REMAIN OPEN FOR MAY SILVER DELIVERY//CORONAVIRUS UPDATE//VACCINE UPDATE/INVERMECTIN UPDATE//CHINA VS USA//UKRAINE VS RUSSIA UPDATES//IRAN VS USA MEETING UPDATE//USA FRIDAY JOBS REPORT: MEDIA REPORTS IT IS STELLAR//IN REALITY NO!//FACTORY ORDERS IN USA DROP BADLY LAST MONTH//ARCHEGOS UPDATE: PAM AND RUSS MARTENS AND A MUST READ TOM LUONGO//SWAMP STORIES FOR YOU TONIGHT

18 MILLION USA CITIZENS STILL RECEIVING BENEFITS

by Harvey Organ, Harvey Organ Blog:

GOLD AND SILVER HAVE A SOLID DAY: GOLD UP $13.00/SILVER UP 42 CENTS//A VERY STRONG ADVANCE IN GOLD TONNAGE STANDING FOR APRIL: UP TO 78.4 TONNES//SILVER STANDING: 14.190 MILLION OZ//WE HAVE A HUGE OI FOR MAY AT 116,000 OI CONTRACTS//CORONAVIRUS UPDATES/VACCINE UPDATES//CHINA VS WORLD//ITALY EXPELS TWO RUSSIAN DIPLOMATS AS SPYS WERE CAUGHT RECEIVING NATO DOCUMENTS//NATO VS RUSSIA//RUSSIA VS UKRAINE AND EUROPE//18 MILLION USA CITIZENS STILL RECEIVING BENEFITS//SWAMP STORIES FOR YOU TONIGHT

ANOTHER HEDGE FUND BLOWN UP (ARCHEGOS) WHICH FOLLOWS LAST WEEK’S GREENSILL

by Harvey Organ, Harvey Organ Blog:

ANOTHER HEDGE FUND BLOWN UP (ARCHEGOS) WHICH FOLLOWS LAST WEEK’S GREENSILL//GOLD DOWN $20.00 TO $1713.90//SILVER DOWN 34 CENTS TO $24.73//APRIL SILVER LOOKS LIKE 15.5 MILLION OZ WILL STAND AND GOLD: 120 TONNES OR SO//CORONAVIRUS UPDATES//VACCINE UPDATES//60 MINUTES STATES THAT THE COVID 19 VIRUS PROBABLY CAME FROM WUHAN LAB//WILLIAM ENGDAHL..A MUST READ: WILL A CHINESE REAL ESTATE COLLAPSE CAUSE A GLOBAL MELTDOWN!!//SUEZ CANAL//CONTAINER SHIP FREED BUT BACKLOG WILL TAKE AT LEAST 10 DAYS TO CLEAR//BIDEN TO INTRODUCE HIS $3 TRILLION INFRASTRUCTURE BILL ON WEDNESDAY/SWAMP STORIES FOR YOU TONIGHT

ARGENTINA WILL DEFAULT AGAIN FOR THE NTH TIME

by Harvey Organ, Harvey Organ Blog:

GOLD UP $7.00 TO $1733.90//SILVER UP 5 CENTS TO $25.07//GOLD TONNAGE FINALIZES AT COMEX RISING TO 30.13 TONNES//SILVER REMAINS CONSTANT AT 58 MILLION OZ/OPEN INTEREST IN SILVER APRIL REMAINS HIGH INDICATING A 15 MILLION OZ INITIAL STANDING//APRIL GOLD ALSO EXTREMELY HIGH: WE MAY HAVE NORTH OF 130 TONNE STANDING//CORONAVIRUS UPDATES/VACCINE UPDATES//CHINA ENTERS TAIWAN AIRSPACE/GREENSILL FINALLY ENTERS BANKRUPTCY PROTECTION IN NY//CREDIT SUISSE CONTEMPLATING PAYING BACK INVESTORS FOR THEIR LOSSES ($3 BILLION)//TAIWAN DEVELOPING LONG RANGE MISSILES TO HIT MAINLAND CHINA//SUEZ CANAL BLOCKAGE: A HUGE GLOBAL SUPPLY DISRUPTION//ARGENTINA WILL DEFAULT AGAIN FOR THE NTH TIME//AMERICAN INCOME COLLAPSES IN FEB.//TRADE DEFICIT IN THE USA FOR GOODS WIDENS TO $86.7 BILLION DOLLARS//SWAMP STORIES FOR YOU TONIGHT

SUEZ CANAL BLOCKED FOR AT LEAST 2 MORE WEEKS AS THEY ARE TRYING TO REMOVE”BEACHED” CARGO VESSEL

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN $7.75 TO $1726.90//SILVER DOWN 15 CENTS TO $25.02//GOLD TONNAGE STANDING INCREASES UP TO 30.127 TONNES/SILVER OZ STANDING HUGELY ADVANCES UP TO 58 MILLION OZ//INDIA RESUMES HIS HUGE IMPORTING OF GOLD//OVER 15 MILLION OZ WILL STAND FOR SILVER IN APRIL//BITCOIN COLLAPSES IN PRICE//CORONAVIRUS UPDATES//VACCINE UPDATES// NORTH KOREA FIRES TWO MISSILES: BIDEN STUNNED; DOES NOT KNOW WHAT TO DO!//WAR BETWEEN RUSSIAN AND UKRAINE IMMINENT//IRANIAN MISSILE HITS ISRAEL CARGO SHIP IN THE ARABIAN SEA//SUEZ CANAL BLOCKED FOR AT LEAST 2 MORE WEEKS AS THEY ARE TRYING TO REMOVE”BEACHED” CARGO VESSEL//TOTAL USA JOBLESS CLAIMS RISE//SWAMP STORIES FOR YOU TONIGHT