CHINA’S ECONOMY IN A FREEFALL

by Harvey Organ, Harvey Organ Blog:

HUGE RAID CONTINUES AT THE COMEX: GOLD PRICE DOWN $22.75 TO $1958.35//SILVER PRICE DOWN 64 CENTS TO $$25.16//COMEX GOLD HAD A HUGE QUEUE JUMP OF 59,400 OZ //NEW STANDING 35.869 TONNES//SILVER ALSO HAD A STRONG QUEUE JUMP OF 1,775,000 OZ//NEW STANDING: 52.140 MILLION OZ//NICKEL FIASCO AT THE LME UPDATES// IMPORTANT READ TODAY: TOM LUONGO//MUST WATCH VIDEO: ANDREW MAGUIRE//COVID UPDATES//VACCINE MANDATE UPDATES/VACCINE IMPACT//IVERMECTIN STUDY//RUSSIA VS UKRAINE UPDATES//CHINA’S ECONOMY IN A FREEFALL//SHORTAGES OF FOODSTUFFS UPDATES/DIESEL FUEL SHORTAGES

TRUTH LIVES on at https://sgtreport.tv/

GOLD;  $1958.25 DOWN $25.15

SILVER: $25.16 DOWN $0.64

ACCESS MARKET: GOLD $1986.50

SILVER: $25.83

Bitcoin morning price:  $38,945 UP 340

Bitcoin: afternoon price: $38,694 DOWN 251

Platinum price: closing DOWN $33.55 to $1043.75

Palladium price; closing DOWN $362.95  at $2424.20

END

end

DONATE

Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation

comex notices/

March: JPMorgan stopped/total issued  363/788

EXCHANGE: COMEX
CONTRACT: MARCH 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,982.700000000 USD
INTENT DATE: 03/11/2022 DELIVERY DATE: 03/15/2022
FIRM ORG FIRM NAME ISSUED STOPPED


072 C GOLDMAN 9
104 C MIZUHO 17
363 H WELLS FARGO SEC 36
435 H SCOTIA CAPITAL 88
624 H BOFA SECURITIES 68
657 C MORGAN STANLEY 6
657 H MORGAN STANLEY 74
661 C JP MORGAN 750 363
690 C ABN AMRO 3 15
709 C BARCLAYS 79
737 C ADVANTAGE 24 15
800 C MAREX SPEC 5 10
905 C ADM 14


TOTAL: 788 788
MONTH TO DATE: 10,242



NUMBER OF NOTICES FILED TODAY FOR  Mar. CONTRACT:788 NOTICE(S) FOR 78800 OZ  (2.4510  TONNES)

total notices so far:  10,242 contracts for 1,024,200 oz (31.857 tonnes)

SILVER NOTICES:

135 NOTICE(S) FILED TODAY FOR  675,000   OZ/

total number of notices filed so far this month  10,065  :  for 51,325,000  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 DOWN $22.75

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//

A BIG CHANGE IN GOLD INVENTORY AT THE GLD//A DEPOSIT OF 2.62 TONNES INTO THE GLD..

INVENTORY RESTS AT 1061.54 TONNES

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN $0.64

AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

A HUGE CHANGE IN SILVER INVENTORY AT THE SLV//A DEPOSIT OF 2.125 MILLION OZ INTO THE SLV//

FROM THE SLV.

CLOSING INVENTORY: 545.022 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A STRONG SIZED  834 CONTRACTS TO 163,907  AND FURTHER FROM THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THE STRONG LOSS IN OI WAS ACCOMPLISHED WITH OUR SMALL  $0.13 LOSS  IN SILVER PRICING AT THE COMEX ON FRIDAY.  OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.13) BUT WERE  UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS  AS WE HAD A SMALL GAIN OF 191 CONTRACTS ON OUR TWO EXCHANGES WITH THE LOSS IN PRICE!!!

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 1,775,000 OZ //NEW STANDING 52.140 MILLION OZ //         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  : —669

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 10 days, total  contracts: :  24,148 contracts or 120.740 million oz  OR 12.070 MILLION OZ PER DAY. (2415 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 24,148 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 120.74 MILLION OZ

.

LAST 11 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: 120.74 MILLION OZ//THIS IS GOING TO BE A HUGE EFP ISSUANCE MONTH AND MOST LIKELY WILL SET A RECORD FOR ANY MONTH

RESULT: WE HAD A STRONG  SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 834 WITH OUR  $0.13 LOSS SILVER PRICING AT THE COMEX// FRIDAY  THE CME NOTIFIED US THAT WE HAD A STRONG  SIZED EFP ISSUANCE OF 1025 CONTRACTS( 1025 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 1,775,000 OZ QUEUE JUMP  ///  .. WE HAD A SMALL SIZED GAIN OF 191 OI CONTRACTS ON THE TWO EXCHANGES FOR 0.955 MILLION OZ

 WE HAD 135 NOTICES FILED TODAY FOR  675,000 OZ

THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A HUGE SIZED 14,004 CONTRACTS  TO 633,725 AND CLOSER TO  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: –1736  CONTRACTS. 

THE BIS HAS ABANDONED THE GOLD COMEX TRADING!!!

.

THE HUGE SIZED INCREASE IN COMEX OI CAME DESPITE OUR STRONG LOSS IN PRICE OF $14.60//COMEX GOLD TRADING/FRIDAY/.AS IN SILVER WE MUST  HAD  HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR STRONG SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR MARCH AT 14.818 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 59,400 OZ//NEW STANDING 35.869 TONNES

YET ALL OF..THIS HAPPENED WITH OUR LOSS IN PRICE OF   $14.60 WITH RESPECT TO FRIDAY’S TRADING

WE HAD AN ATMOSPHERIC RISE OF 23,528  OI CONTRACTS (73.18 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED  9524 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 635,461.

IN ESSENCE WE HAVE AN ATMOSPHERIC SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 23,528, WITH 15,770 CONTRACTS INCREASED AT THE COMEX AND 9524 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN ON THE TWO EXCHANGES OF 23,528 CONTRACTS OR 73.18 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (9524) ACCOMPANYING THE HUGE SIZED GAIN IN COMEX OI (14,004,): TOTAL GAIN IN THE TWO EXCHANGES 23,528 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 STRONG QUEUE JUMP OF 59,400 OZ//NEW STANDING 35.869 TONNES ///  3) ZERO LONG LIQUIDATION ///. ,4)  HUMONGOUS SIZED COMEX OI. GAIN 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL/

LADIES AND GENTLEMEN: THE GOLD COMEX IS ALSO BEING ATTACKED FOR GOLD METAL FROM LONDON ET AL.

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 :

65,988 CONTRACTS OR 6,598,800 OR 205.25  TONNES 10 TRADING DAY(S) AND THUS AVERAGING: 660 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 10 TRADING DAY(S) IN  TONNES: 205.25TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2020, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS  205.25/3550 x 100% TONNES  5.77% 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.           175.62 TONNES//FINAL ISSUANCE//

JAN:2022   247.25 TONNES //FINAL

FEB:           196.04 TONNES//FINAL

MARCH:  205.25 TONNES INITIAL( THIS WILL PROBABLY BE A RECORD EFP ISSUANCE MONTH)

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, FELL BY A STRONG SIZED 834 CONTRACTS TO 163,907  AND FURTHER FROM  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 1025 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:

MAR 1025  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  1025 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI LOSS OF 834 CONTRACTS AND ADD TO THE 1025 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A SMALL SIZED GAIN OF 191 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES. 

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 0.955 MILLION  OZ,

OCCURRED WITH OUR  $0.13 LOSS 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)MONDAY MORNING// FRIDAY  NIGHT

SHANGHAI CLOSED DOWN 86.21 PTS OR 2.60%       //Hang Sang CLOSED DOWN 1022,13 PTS OR 4.97 %  /The Nikkei closed UP 145.07 PTS or 0.58%       //Australia’s all ordinaires CLOSED UP 1.13%  /Chinese yuan (ONSHORE) closed DOWN 6.3652    /Oil DOWN TO 103.25 dollars per barrel for WTI and DOWN TO 108.14 for Brent. Stocks in Europe OPENED  ALL GREEN        //  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.3652. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3823: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING WEAKER AGAINST US DOLLAR/OFFSHORE 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 GIGANTIC SIZED 14,004 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 DESPITE OUR STRONG LOSS OF $14.60 IN GOLD PRICING FRIDAY’S COMEX TRADING. WE ALSO HAD A  STRONG SIZED EFP (9524 CONTRACTS). . THEY WERE PAID HANDSOMELY  NOT TO TAKE DELIVERY AT THE COMEX AND SETTLE FOR CASH. 

WE NORMALLY HAVE WITNESSED  EXCHANGE FOR PHYSICALS ISSUED BEING SMALL AS IT JUST TOO COSTLY FOR THEM TO CONTINUE SERVICING THE COSTS OF SERIAL FORWARDS CIRCULATING IN LONDON. HOWEVER, MUCH TO THE ANNOYANCE OF OUR BANKERS, THE COMEX IS THE SCENE OF AN ASSAULT ON GOLD AS LONDONERS, NOT BEING ABLE TO FIND ANY PHYSICAL ON THAT SIDE OF THE POND, EXERCISE THESE CIRCULATING EXCHANGE FOR PHYSICALS IN LONDON AND FORCING DELIVERY OF REAL METAL OVER HERE AS THE OBLIGATION STILL RESTS WITH NEW YORK BANKERS. IT SEEMS THAT ARE BANKERS FRIENDS ARE EXERCISING EFP’S FROM LONDON AND NOW THEY ARE LOATHE TO ISSUE NEW ONES.

Read More @ HarveyOrganBlog.com

Read further at SGT Report

Leave a Reply

Your email address will not be published.