GOLD CLOSED DOWN $5.45 TO $1801.50//SILVER CLOSED DOWN 61 CENTS TO $19.74
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN $5.45 TO $1801.50//SILVER CLOSED DOWN 61 CENTS TO $19.74//PLATINUM DOWN $15.70 TO $888.90//PALLADIUM UP $31.80 TO $1962.05//COVID UPDATES/VACCINE IMPACT//4 MAJOR COMMENTARIES THAT ARE MUST READ FOR TODAY; TOM LUONGO ON THE RUSSIAN UKRAINE-NATO WAR//MICHAEL SNYDER ON THE POTENTIAL COLLAPSE OF EUROPE//BILL BLAIN AND MICHAEL EVERY ON THE MAJOR EVENTS OF THE WEEK
TRUTH LIVES on at https://sgtreport.tv/
GOLD; $1801.50 DOWN $5.45
SILVER: $19.74 DOWN 61 CENTS
ACCESS MARKET: GOLD $1809.95
SILVER: $19.89
Bitcoin morning price: $19,153 UP 227
Bitcoin: afternoon price: $19,400. UP 474
Platinum price: closing DOWN $15.70 to $888.90
Palladium price; closing UP $31.85 at $1962.05
END
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EXCHANGE: COMEX EXCHANGE:EXCHANGE:EXCHANGE: COMEX
CONTRACT: JULY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,804.100000000 USD
INTENT DATE: 06/30/2022 DELIVERY DATE: 07/05/2022
FIRM ORG FIRM NAME ISSUED STOPPED
357 C WEDBUSH 8
365 H ED&F MAN CAPITA 4
435 H SCOTIA CAPITAL 2
657 C MORGAN STANLEY 8
661 C JP MORGAN 368 354
685 C RJ OBRIEN 5
690 C ABN AMRO 1 24
737 C ADVANTAGE 19 26
800 C MAREX SPEC 7 11
905 C ADM 7 6
TOTAL: 425 425
MONTH TO DATE: 768
EXCHANGE: COMEX
no. of contracts issued by JPMorgan: 354/425
_____________________________________________________________________________________
NUMBER OF NOTICES FILED TODAY FOR JULY CONTRACT 425 NOTICE(S) FOR 42,500 Oz//1.3219 TONNES)
total notices so far: 768 contracts for 76800 oz (2.3888 tonnes)
SILVER NOTICES:
141 NOTICE(S) FILED 7,05,000 OZ/
total number of notices filed so far this month 1638 : for 8,190,000 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.
GLD
WITH GOLD DOWN $5.45
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//
BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.32 TONNES FROM THE GLD//
INVENTORY RESTS AT 1050.31 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 61 CENTS
AT THE SLV// ://SMALL CHANGES IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF 553,000 OZ FROM THE SLV/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 540.709 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A VERY STRONG SIZED 1616 CONTRACTS TO 139,925 AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THE STRONG GAIN IN OI WAS ACCOMPLISHED DESPITE OUR $0.41 LOSS IN SILVER PRICING AT THE COMEX ON WEDNESDAY. OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.41) BUT WERE UNSUCCESSFUL IN KNOCKING OFF SOME SILVER LONGS//BUT MAINLY WE HAD ADDITIONAL SPECULATOR ADDITIONS.
WE MUST HAVE HAD:
I) HUGE SPECULATOR SHORT ADDITIONS /. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A POOR INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 15.220 MILLION OZ FOLLOWED BY TODAY’S 340,000 OZ EFP JUMP TO LONDON / // 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 : -1138
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS JULY. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF JULY:
TOTAL CONTACTS for 1 days, total 500 contracts: 2.500 million oz OR 2.5MILLION OZ PER DAY. (500 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 2.5 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: 114.52 MILLION OZ FINAL//LOW ISSUANCE
MAY: 105.635 MILLION OZ//
JUNE: 94.470 MILLION OZ
JULY : 2.5 MILLION OZ
RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1616 DESPITE OUR $0.41 LOSS IN SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE CONTRACTS: 500 CONTRACTS ISSUED FOR SEPT 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 JUNE. OF 7.635 MILLION OZ FOLLOWED BY TODAY’S EFP JUMP TO LONDON OF 340,000 OZ // .. WE HAD A VERY STRONG SIZED GAIN OF 2116 OI CONTRACTS ON THE TWO EXCHANGES FOR 10.580 MILLION OZ DESPITE THE LOSS IN PRICE..
WE HAD 141 NOTICES FILED TODAY FOR 705,000 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 SMALL SIZED 2467 CONTRACTS TO 495,832 AND FURTHER FROM THE 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: —7097 CONTRACTS.
.
THE SMALL SIZED DECREASE IN COMEX OI CAME WITH OUR FALL IN PRICE OF $9.20//COMEX GOLD TRADING/THURSDAY / WE MUST HAVE HAD SOME SPECULATOR SHORT COVERING ACCOMPANYING OUR GOOD SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION //AND SOME SPECULATOR SHORT COVERING
WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JULY AT 2.914 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S QUEUE JUMP OF 8400 OZ
YET ALL OF..THIS HAPPENED WITH OUR LOSS IN PRICE OF $9.20 WITH RESPECT TO THURSDAY’S TRADING
WE HAD A FAIR SIZED GAIN OF 3506 OI CONTRACTS 10.905 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 5973 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 502,929
IN ESSENCE WE HAVE A VERY STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 10,603, WITH 4630 CONTRACTS INCREASED AT THE COMEX AND 5973 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 10,603 CONTRACTS OR 32.979TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (5973) ACCOMPANYING THE SMALL SIZED LOSS IN COMEX OI (2467,): TOTAL GAIN IN THE TWO EXCHANGES 3506 CONTRACTS. WE NO DOUBT HAD 1) SOME SPECULATOR SHORT COVERING AND SOME ADDITION TO SPECULATOR SHORTS ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR JULY. AT 2.914 TONNES 3) ZERO LONG LIQUIDATION//SOME SPECULATOR SHORT COVERING//SOME SPECULATOR SHORT ADDITIONS //.,4) SMALL SIZED COMEX OPEN INTEREST LOSS 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL/
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY
JULY
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JULY :
5973 CONTRACTS OR 597,300 OZ OR 32.979 TONNES 1 TRADING DAY(S) AND THUS AVERAGING: 5973 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 1 TRADING DAY(S) IN TONNES: 32.979 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 32.979/3550 x 100% TONNES 0.929% 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: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247,44 TONNES FINAL//
JUNE: 2238.13 TONNES FINAL
JULY: 32.979 TONNES
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 JUNE. 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 JUNE HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF JULY, 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 (JULY), 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 VERY STRONG SIZED 1616 CONTRACT OI TO 139,925 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 5 YEARS AGO.
EFP ISSUANCE 2725 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 500 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 500 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 1616 CONTRACTS AND ADD TO THE 500 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A GIGANTIC SIZED GAIN OF 2116 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 10.580 MILLION OZ
OCCURRED DESPITE OUR FALL IN PRICE OF $0.41 .
OUTLINE FOR TODAY’S COMMENTARY
(report Harvey)
2 ) Gold/silver trading overnight Europe,
(Peter Schiff,
end
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
6. Commodity commentaries//
3. ASIAN AFFAIRS
i)FRIDAY MORNING// THURSDAY NIGHT
SHANGHAI CLOSED DOWN 10.98 PTS OR 0.32% //Hang Sang CLOSED /The Nikkei closed DOWN 457.42 OR 1.73% //Australia’s all ordinaires CLOSED DOWN 0.39 /Chinese yuan (ONSHORE) closed DOWN 6.7096 /Oil DOWN TO 107.98 dollars per barrel for WTI and DOWN TO 111.76 for Brent. Stocks in Europe OPENED MOSTLY RED // ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.7096 OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.7113: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER
