WHEAT SHORTAGE WILL PLAY HAVOC TO EGYPT, TURKEY AND TUINISIA WHO BUYS ALL THEIR WHEAT FROM RUSSIA
by Harvey Organ, Harvey Organ Blog:
GOLD ROCKETS HIGHER AGAIN, THIS TIME UP $28.40 TO $1963.40//SILVER ALSO RESPONDS IN KIND UP 50 CENTS TO $25.64//GOLD STANDING FOR DELIVERY IN MARCH ADVANCES BY 300 OZ//NEW STANDING 17.409 TONNES//SILVER OZ ALSO INCREASES UP BY A STRONG QUEUE JUMP OF 230,000 OZ TO 14.845 MILLION OZ//TWO IMPORTANT COMMENTARIES FOR YOU TO READ OVER THE WEEKEND: ALASDAIR MACLEOD AND MIKE EVERY//COMMODITIES RIP HIGHER ON THE WEEK LET MY WHEAT AND FERTILIZER BOTH OF WHICH COMES FROM RUSSIA//THE WHEAT SHORTAGE WILL PLAY HAVOC TO EGYPT, TURKEY AND TUINISIA WHO BUYS ALL THEIR WHEAT FROM RUSSIA//EU NATURAL GAS SKYROCKETS AGAIN IN PRICE (EQUIVALENT OIL PRICE $367 PER BARREL)//RUSSIA VS UKRAINE UPDATES/RUSSIA SHELLS NUCLEAR FACILITY AND THEN CAPTURES IT (MAYBE A BLACKMAIL SCENARIO?)//BBC REMOVES ITS REPORTERS FROM RUSSIA/MAERSK REPORTS HUGE DELAYS IN GETTING FOOD AND MEDICINES TO RUSSIA BECAUSE OF EXTRA SCRUTINY//VACCINE MANDATE UPDATES/VACCINE IMPACT/NFL FIRST TO REMOVE ALL VACCINE MANDATE PROTOCOLS//FRA-OIS PROBLEMS RESURFACE AS DOLLARS BECOME SCARCE AGAIN
TRUTH LIVES on at https://sgtreport.tv/
GOLD; $1963.40 UP $28.40
SILVER: $25.14 UP $0.50
ACCESS MARKET: GOLD $1970.10
SILVER: $25.73
Bitcoin morning price: $41,595 DOWN $604
Bitcoin: afternoon price: $39,333 DOWN 2864
Platinum price: closing UP $35.50 to $1116.75
Palladium price; closing UP $197.95 at $2985.40
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comex notices/
March: JPMorgan stopped/total issued 0
NUMBER OF NOTICES FILED TODAY FOR Mar. CONTRACT:0 NOTICE(S) FOR 0 OZ (0 TONNES)
total notices so far: 3681 contracts for 368,100 oz (11.449 tonnes)
SILVER NOTICES:
3062 NOTICE(S) FILED TODAY FOR 15,310,000 OZ/
total number of notices filed so far this month 7518 : for 37,590,000 oz
END
Russia is a major supplier of silver to London while Mexico supplies the COMEX
With the sanctions, London has no way to obtain silver other than compete with NY.
END
GLD
WITH GOLD UP $28.40
WITH RESPECT TO GLD WITHDRAWALS: (OVER THE PAST FEW MONTHS):
GOLD IS “RETURNED” TO THE BANK OF ENGLAND WHEN CALLING IN THEIR LEASES: THE GOLD NEVER LEAVES THE BANK OF ENGLAND IN THE FIRST PLACE. THE BANK IS PROTECTING ITSELF IN CASE OF COMMERCIAL FAILURE
ALSO INVESTORS SWITCHING TO SPROTT PHYSICAL (phys) INSTEAD OF THE FRAUDULENT GLD//
NO CHANGES IN GLD INVENTORY//
INVENTORY RESTS AT 1050.22 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER UP $0.02
AT THE SLV//
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
NO CHANGES IN SILVER INVENTORY AT THE SLV/
FROM THE SLV.
CLOSING INVENTORY: 545.854 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A STRONG 1851 CONTRACTS TO 161,172 AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020 AND DESPITE THIS STRONG GAIN IN OI, IT WAS ACCOMPANIED WITH OUR TINY $0.02 GAIN IN SILVER PRICING AT THE COMEX ON THURSDAY. OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.02) AND WERE UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS AS WE HAD A HUGE GAIN OF 4817 CONTRACTS ON OUR TWO EXCHANGES
WE MUST HAVE HAD:
I) HUGE BANKER SHORT COVERING AS THEY ARE VERY ANXIOUS TO GET OUT OF DODGE!!/. II)WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A HUGE INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 42.860 MILLION OZ FOLLOWED BY TODAY’S QUEUE JUMP OF 230,000 OZ //NEW STANDING 40.845 // V) STRONG SIZED COMEX OI GAIN/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL:
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS : —316
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS MAR. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF MAR:
TOTAL CONTACTS for 4 days, total contracts: : 8474 contracts or 42.370 million oz OR 10.5925 MILLION OZ PER DAY. (2118 CONTRACTS PER DAY)
TOTAL NO OF OZ UNDERGOING EFP TO LONDON 8474 CONTRACTS X 5,000 PER CONTRACT:
EQUATES TO: 42.37 MILLION OZ
.
LAST 10 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZ:
MAY 137.83 MILLION
JUNE 149.91 MILLION OZ
JULY 129.445 MILLION OZ
AUGUST: MILLION OZ 140.120
SEPT. 28.230 MILLION OZ//
OCT: 94.595 MILLION OZ
NOV: 131.925 MILLION OZ
DEC: 100.615 MILLION OZ
JAN 2022// 90.460 MILLION OZ
FEB 2022: 72.39 MILLION OZ//
MARCH: 42.37 MILLION OZ//
RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1851 DESPITE OUR TINY $0.02 GAIN SILVER PRICING AT THE COMEX// THURSDAY THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 2650 CONTRACTS( 2650 CONTRACTS ISSUED FOR MAR AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS THE DOMINANT FEATURE TODAY: /HUGE BANKER SHORT COVERING AS THEY GET OUT OF DODGE//// WE HAVE A HUGE INITIAL SILVER OZ STANDING FOR MAR. OF 42.860 MILLION OZ FOLLOWED BY TODAY’S 230,000 OZ EFP TO LONDON /// .. WE HAD A GIGANTIC SIZED GAIN OF 4501 OI CONTRACTS ON THE TWO EXCHANGES FOR 22.505MILLION OZ
WE HAD 3062 NOTICES FILED TODAY FOR 15,310,000 OZ
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A GOOD SIZED 4226 CONTRACTS TO 617,053 AND FURTHER FORM OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: –917 CONTRACTS.
THE BIS HAS ABANDONED THE GOLD COMEX TRADING!!!
.
THE GOOD SIZED INCREASE IN COMEX OI CAME WITH OUR STRONG GAIN IN PRICE OF $13.95//COMEX GOLD TRADING/THURSDAY/.AS IN SILVER WE MUST HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR STRONG SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALED A VERY STRONG 10,030 CONTRACTS…
WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR MARCH AT 14.818 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 300 OZ//NEW STANDING 17.418 TONNES
YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $13.95 WITH RESPECT TO THURSDAY’S TRADING
WE HAD A VERY STRONG SIZED GAIN OF 10,030 OI CONTRACTS (31.197 PAPER TONNES) ON OUR TWO EXCHANGES
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 5804 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 617,053.
IN ESSENCE WE HAVE A VERY STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 10,030, WITH 4226 CONTRACTS INCREASED AT THE COMEX AND 5804 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 10 030 CONTRACTS OR 31.197TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (5804) ACCOMPANYING THE GOOD SIZED GAIN IN COMEX OI (4226,): TOTAL GAIN IN THE TWO EXCHANGES 10,030 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR MARCH. AT 14.818 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 300 OZ//NEW STANDING 17.418 TONNES /// 3) ZERO LONG LIQUIDATION/. ,4) GOOD SIZED COMEX OI. GAIN 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL/
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY
MARCH
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MAR :
20,027 CONTRACTS OR 12,002,700 OR 62.29 TONNES 4 TRADING DAY(S) AND THUS AVERAGING: 5006 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 4 TRADING DAY(S) IN TONNES: 62.29 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2020, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 62.29/3550 x 100% TONNES 1.74% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2022
JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..
MARCH:. 276.50 TONNES (STRONG AGAIN/
APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)
MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)
JUNE: 247.54 TONNES (FINAL)
JULY: 188.73 TONNES FINAL
AUGUST: 217.89 TONNES FINAL ISSUANCE.
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 145.12 TONNES//FINAL ISSUANCE//
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH: 62.29 TONNES INITIAL
SPREADING OPERATIONS
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF APRIL.WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF MARCH HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF APRIL, FOR GOLD:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (MAR), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
First, here is an outline of what will be discussed tonight:
1.Today, we had the open interest at the comex, in SILVER, ROSE BY A STRONG SIZED 1851 CONTRACTS TO 161,172 AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 4 1/2 YEARS AGO.
EFP ISSUANCE 2650 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 2650 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 2650 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 1851 CONTRACTS AND ADD TO THE 2650 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A HUGE SIZED GAIN OF 4501 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 22.505 MILLION OZ,
OCCURRED WITH OUR $0.02 GAIN IN PRICE.
OUTLINE FOR TODAY’S COMMENTARY
(report Harvey)
2 ) Gold/silver trading overnight Europe,
(Peter Schiff,
3. Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,
4. Chris Powell of GATA provides to us very important physical commentaries
5. Other gold commentaries
6. Commodity commentaries/cryptocurrencies
3. ASIAN AFFAIRS
i)FRIDAY MORNING// THURSDAY NIGHT
SHANGHAI CLOSED DOWN 33.46 PTS OR 0.96% //Hang Sang CLOSED DOWN 562.05 PTS OR 2.50% /The Nikkei closed DOWN 591,80 PTS or 2.23% //Australia’s all ordinaires CLOSED DOWN 0.69% /Chinese yuan (ONSHORE) closed DOWN 6.3184 /Oil UP TO 110.48 dollars per barrel for WTI and UP TO 113.27 for Brent. Stocks in Europe OPENED ALL RED // ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.3184. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3251: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFF SHORE WEAKER//
A)NORTH KOREA/
b) REPORT ON JAPAN
OUTLINE
OUTLINE
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A GOOD SIZED 4226 CONTRACTS AND CLOSER TO THE RECORD THAT WAS SET IN JANUARY/2020: {799,541 OI(SET JAN 16/2020)} AND PREVIOUS TO THAT: 797,110 (SET JAN 7/2020). AND THIS COMEX INCREASE OCCURRED WITH OUR STRONG GAIN OF $13.95 IN GOLD PRICING THURSDAY’S COMEX TRADING. WE ALSO HAD A STRONG SIZED EFP (5804 CONTRACTS). . THEY WERE PAID HANDSOMELY NOT TO TAKE DELIVERY AT THE COMEX AND SETTLE FOR CASH.
