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
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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
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5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
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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.
