CHINA HAS A HUGE FOOD PROBLEM AS FARMERS CANNOT GET SUPPLIES (FERTLIZERS) TO START THE GROWING SEASON
by Harvey Organ, Harvey Organ Blog:
ALL PRECIOUS METALS WHACKED TODAY: GOLD DOWN $6.80 TO $1946.40//SILVER IS DOWN 57 CENTS TO $24.57//PALLADIUM DOWN $86.10 TO $2383.75 AND PLATINUM DOWN $16.70 TO $972.95//GOLD GOLD STANDING FOR DELIVERY IN APRIL RECEIVES A STRONG QUEUE JUMP OF 1900 OZ: NEW STANDING 82.06//SILVER FOR APRIL ALSO RECEIVES A SMALL QUEUE JUMP: NEW STANDING 6.425 MILLION OZ//COVID UPDATES FROM CHINA//VACCINE IMPACT//CHINA HAS A HUGE FOOD PROBLEM AS FARMERS CANNOT GET SUPPLIES (FERTLIZERS) TO START THE GROWING SEASON//CHINA DOUBLES ITS IMPORTS OF COKING COAL FROM RUSSIA//DAVID STOCKMAN ON INFLATION
TRUTH LIVES on at https://sgtreport.tv/
GOLD; $1946.40 DOWN 6.80
SILVER: $24.57 DOWN $0.57
ACCESS MARKET: GOLD $1951.80
SILVER: $24.66
Bitcoin morning price: $42,464 UP 1411
Bitcoin: afternoon price: $41,331 DOWN 278
Platinum price: closing DOWN $28.10 to $972.95
Palladium price; closing DOWN 86.10 at $2383.755
END
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comex notices/
: JPMorgan stopped/total issued 125/336
EXCHANGE: COMEX
CONTRACT: APRIL 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,952.300000000 USD
INTENT DATE: 04/20/2022 DELIVERY DATE: 04/22/2022
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 333 10
132 C SG AMERICAS 69
363 H WELLS FARGO SEC 6
435 H SCOTIA CAPITAL 7
624 H BOFA SECURITIES 15
657 C MORGAN STANLEY 2 12
661 C JP MORGAN 125
709 C BARCLAYS 36
732 C RBC CAP MARKETS 5
737 C ADVANTAGE 1 3
880 H CITIGROUP 34
905 C ADM 14
TOTAL: 336 336
MONTH TO DATE: 25,681
NUMBER OF NOTICES FILED TODAY FOR APRIL. CONTRACT 336 NOTICE(S) FOR 33,600 OZ (1.045 TONNES)
total notices so far: 25,681 contracts for 2,568,100 oz (79.878 tonnes)
SILVER NOTICES:
4 NOTICE(S) FILED 20,000 OZ/
total number of notices filed so far this month 1283 : for 6,415,000 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 $6.80
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 HUGE CHANGE IN GOLD INVENTORY AT THE GLD A HUGE DEPOSIT OF 6.36 TONNES INTO THE GLD//
INVENTORY RESTS AT 1106.74 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 57 CENTS
AT THE SLV// A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WHOPPING DEPOSIT OF 2.955 MILLION OF INTO THE SLV//
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 577.941 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A STRONG SIZED 3211 CONTRACTS TO 167,366 AND FURTHER FROM THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THE STRONG LOSS IN OI WAS ACCOMPLISHED DESPITE OUR SMALL $0.15 LOSS IN SILVER PRICING AT THE COMEX ON WEDNESDAY. OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.15) AND WERE SOMEWHAT UNSUCCESSFUL IN KNOCKING OUT SOME SILVER LONGS AS WE HAD A STRONG LOSS OF 1650 CONTRACTS ON OUR TWO EXCHANGES. I AM NOT SURE AS WE WILL NEED TO WAIT UNTIL NEXT WEEK’S COT REPORT BUT I THINK WE HAD OUR INITIAL SILVER SPREADER LIQUIDATION COMMENCE
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 STRONG INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 4.305 MILLION OZ FOLLOWED BY TODAY’S QUEUE. JUMP OF 15,000 OZ//NEW STANDING: 6.424 MILLION OZ// V) STRONG SIZED COMEX OI LOSS/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL:
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS : —-350
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS APRIL. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF APRIL:
TOTAL CONTACTS for 14 days, total 11,626 contracts: 58.130 million oz OR 4.15 MILLION OZ PER DAY. (830 CONTRACTS PER DAY)
TOTAL NO OF OZ UNDERGOING EFP TO LONDON 11,626 CONTRACTS X 5,000 PER CONTRACT:
EQUATES TO: 58.130 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: 207.430 MILLION OZ//A NEW RECORD FOR EFP ISSUANCE AND WE ARE STILL GOING STRONG THIS MONTH.
APRIL: 58.130 MILLION OZ (LOOKS LIKE OUR BANKERS ARE NOW LOATHE TO ISSUE EFP’S)
RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3211 DESPITE OUR SMALL $0.15 LOSS IN SILVER PRICING AT THE COMEX// WEDNESDAY. WE MAY HAVE WITNESSED OUR INITIAL COMMENCEMENT OF SILVER SPREADER LIQUIDATION. THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE CONTRACTS: 725 CONTRACTS ISSUED FOR MAY 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 4.305 MILLION OZ FOLLOWED BY TODAY’S 15,000 OZ QUEUE JUMP//NEW STANDING: 6.425MILLION OZ/// .. WE HAD A STRONG SIZED LOSS OF 2486 OI CONTRACTS ON THE TWO EXCHANGES FOR 12.43 MILLION OZ DESPITE THE SMALL LOSS IN PRICE.
WE HAD 4 NOTICES FILED TODAY FOR 20,000 OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST FELL BY A FAIR SIZED 2876 CONTRACTS TO 572,326 AND FURTHER FROM 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: -15 CONTRACTS.
THE BIS HAS ABANDONED THE GOLD COMEX TRADING!!!
.
THE FAIR SIZED DECREASE IN COMEX OI CAME WITH OUR LOSS IN PRICE OF $3.05//COMEX GOLD TRADING/WEDNESDAY /.AS IN SILVER WE MUST HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD MINOR LONG LIQUIDATION
WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR APRIL AT 78.33 TONNES ON FIRST DAY NOTICE
YET ALL OF..THIS HAPPENED WITH OUR LOSS IN PRICE OF $3.05 WITH RESPECT TO WEDNESDAY’S TRADING
WE HAD A SMALL SIZED LOSS OF 1665 OI CONTRACTS (5.178 PAPER TONNES) ON OUR TWO EXCHANGES
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL SIZED 1211 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 572,341.
IN ESSENCE WE HAVE A SMALL SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1665, WITH 2876 CONTRACTS DECREASED AT THE COMEX AND 1211 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 1665 CONTRACTS OR 5.178 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1211) ACCOMPANYING THE FAIR SIZED LOSS IN COMEX OI (2861,): TOTAL LOSS IN THE TWO EXCHANGES 1650 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR APRIL. AT 78.33 TONNES FOLLOWED BY TODAY’S 1900 OZ QUEUE JUMP //NEW STANDING 82.068 TONNES/// 3) TINY LONG LIQUIDATION IF ANY AS IT LOOKS LIKE WE HAD OUR COMMENCEMENT OF SPREADER LIQUIDATION. ,4) FAIR SIZED COMEX OI. LOSS 5) SMALL ISSUANCE OF EXCHANGE FOR PHYSICAL/
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY
APRIL
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF APRIL :
31,188 CONTRACTS OR 3,118,800 OR 97.007 TONNES 14 TRADING DAY(S) AND THUS AVERAGING: 2227 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 14 TRADING DAY(S) IN TONNES: 97.007TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2020, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 97.007/3550 x 100% TONNES 2.73% 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: 409.30 TONNES INITIAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 97.007 TONNES (THIS IS GOING TO BE A LOW 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 MAY.WE ARE NOW INTO THE SPREADING OPERATION OF SILVER
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 APRIL HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF MAY, FOR SILVER:
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 3211 CONTRACT OI 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 5 YEARS AGO.
EFP ISSUANCE 725 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAY 725 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 0 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 3211 CONTRACTS AND ADD TO THE 725 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A VERY STRONG SIZED LOSS OF 2486 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 12.43 MILLION OZ
OCCURRED WITH OUR LOSS IN PRICE OF $0.15 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
end
5. Other gold commentaries
.
end
6. Commodity commentaries/cryptocurrencies
3. ASIAN AFFAIRS
i)THURSDAY MORNING// WEDNESDAY NIGHT
SHANGHAI CLOSED DOWN 71.24 PTS OR 2.26% //Hang Sang CLOSED DOWN 262.45 OR 1/45% /The Nikkei closed UP 335/21 PTS OR 0.23% //Australia’s all ordinaires CLOSED UP .22% /Chinese yuan (ONSHORE) closed DOWN 64749 /Oil UP TO 103.09 dollars per barrel for WTI andDOWN TO 107.10 for Brent. Stocks in Europe OPENED ALL GREEN // ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.4745 OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.4502: /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER//
a)NORTH KOREA
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b) REPORT ON JAPAN/
OUTLINE
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5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
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