GERMANY’S CHEMICAL GIANT BASF CURTAILS AMMONIA PLANT IN GERMANY WHICH WILL CAUSE MASSIVE DISTRUPTIONS IN THE FERTILIZER AND FOOD INDUSTRIES

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSES UP $1.80 TO $1721.25 AND SILVER CLOSES UP 4 CENTS TO $18.67 WITH TWO MORE DAYS BEFORE FIRST DAY NOTICE//PLATINUM UP $9.20 TO $889.10//PALLADIUM DOWN $5.15 TO $2010.75/COMEX GOLD HAS ALMOST 30 TONNES OF GOLD STANDING FOR METAL IN JULY//COVID UPDATES//VACCINE IMPACT//GAZPROM UPDATE: RUSSIA REDUCES FLOW FROM THEIR PREMIER PIPELINE TO EUROPE (GERMANY) TO 20%//GERMANY’S CHEMICAL GIANT BASF CURTAILS AMMONIA PLANT IN GERMANY WHICH WILL CAUSE MASSIVE DISTRUPTIONS IN THE FERTILIZER AND FOOD INDUSTRIES//HEZBOLLAH THREATENS ISRAEL RE THEIR GAS DISCOVERY

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

GOLD;  $1721.25 UP $1.80

SILVER: $18.67 UP 4 CENTS

ACCESS MARKET:

GOLD $1734.40

SILVER: $19.11

We are now entering options expiry for Comex (tomorrow) and OTC/LBMA (Friday)

Bitcoin morning price:  $21,291 DOWN 314

Bitcoin: afternoon price: $22,880. UP 1270

Platinum price: closing UP $4.40 to $889.10

Palladium price; closing DOWN $5.15  at $2010.75

END

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 EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: JULY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,717.700000000 USD
INTENT DATE: 07/26/2022 DELIVERY DATE: 07/28/2022
FIRM ORG FIRM NAME ISSUED STOPPED

JPMorgan stopped 30/30


661 C JP MORGAN 30
690 C ABN AMRO 29
905 C ADM 1


TOTAL: 30 30
MONTH TO DATE: 9,635

_____________________________________________________________________________________

GOLD: NUMBER OF NOTICES FILED FOR JULY CONTRACT:

30 NOTICES FOR 3000 OZ //0.0933 TONNES

total notices so far: 9635 contracts for 963,500 oz (29.968 tonnes)

SILVER NOTICES:

34 NOTICES FILED FOR 170000 OZ/

total number of notices filed so far this month  4008 :  for 20,040,000  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 UP $1.80

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//

NO CHANGE IN GOLD INVENTORY AT THE GLD:

INVENTORY RESTS AT 1005.29 TONNES

Silver//SLV

WITH NO SILVER AROUND AND SILVER UP 4 CENTS

AT THE SLV// ://HUGE CHANGES IN SILVER INVENTORY AT THE SLV//:A WITHDRAWAL OF 11.479 MILLION OZ FROM THE SLV/

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY: 484.118 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY  A HUGE SIZED 1436  CONTRACTS TO 147,784   AND CLOSER TO  THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THE HUGE GAIN IN OI WAS ACCOMPLISHED DESPITE OUR   $0.16 GAIN  IN SILVER PRICING AT THE COMEX ON TUESDAY.  OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.16) BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY COMMERCIAL SILVER LONGS//BUT MAINLY WE HAD ADDITIONAL SPECULATOR ADDITIONS AS WE HAD A HUGE LOSS OF 1217 CONTRACTS ON OUR TWO EXCHANGES.

WE  MUST HAVE HAD:
I) HUGE SPECULATOR SHORT ADDITIONS /. II)  WE ALSO HAD  SOME  REDDIT RAPTOR BUYING//.   iii)  A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A POOR INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 15.220 MILLION OZ FOLLOWED BY TODAY’S 445,000 OZ QUEUE JUMP  / //  V)    HUGE SIZED COMEX OI LOSS

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: -17

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS  JULY. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF JULY:

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TOTAL CONTACTS for 18 days, total 15,897  contracts:  79.485 million oz  OR 4.416 MILLION OZ PER DAY. (884 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 79.485 MILLION OZ

.

LAST 15 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 : 79.485 MILLION OZ

RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1436 DESPITE OUR  $0.16 GAIN IN SILVER PRICING AT THE COMEX// TUESDAY.,.  THE CME NOTIFIED US THAT WE HAD A SMALL  SIZED EFP ISSUANCE  CONTRACTS: 200 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  ADDITIONS ////// HUGE SPECULATOR SHORT ADDITIONS// WE HAVE A POOR INITIAL SILVER OZ STANDING FOR JULY. OF 15.22 MILLION  OZ FOLLOWED BY TODAY’S QUEUE JUMP  OF 445,000 OZ  //  .. WE HAD A HUGE SIZED LOSS OF 1236 OI CONTRACTS ON THE TWO EXCHANGES FOR 6.180 MILLION  OZ DESPITE THE GAIN IN PRICE..THE SPECS ARE GOING TO THE SLAUGHTER HOUSE.

 WE HAD 34  NOTICES FILED TODAY FOR  170000 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 HUGE SIZED 15,223 CONTRACTS  TO 487,515 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: -949 CONTRACTS.

.

THE STRONG SIZED  DECREASE  IN COMEX OI CAME DESPITE OUR TINY FALL IN PRICE OF $1.60//COMEX GOLD TRADING/TUESDAY / WE MUST HAVE  HAD  ADDITIONAL SPECULATOR SHORT ADDITIONS ACCOMPANYING OUR GOOD SIZED EXCHANGE FOR PHYSICAL ISSUANCE.//WE HAD INITIATION OF SPREADER LIQUIDATION WHICH TOOK CARE OF ALL OF THE FALL AT COMEX.. WE HAD ZERO LONG LIQUIDATION    //AND HUGE SPECULATOR SHORT ADDITIONS//HUGE ADDITIONS TO OUR BANKER LONGS!! THE COMEX IS ONE BIG FARCE

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 0 OZ

YET ALL OF..THIS HAPPENED WITH OUR TINY FALL IN PRICE OF   $1.60 WITH RESPECT TO TUESDAY’S TRADING

WE HAD A HUGE SIZED LOSS OF 10,939  OI CONTRACTS 34.024 PAPER TONNES) ON OUR TWO EXCHANGES..WITH ALL THE LOSS DUE TO SPREADER LIQUIDATION

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED  4284  CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 487,515

IN ESSENCE WE HAVE A HUGE  SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 10,939 CONTRACTS  WITH 15,223 CONTRACTS DECREASED AT THE COMEX AND 4284 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS ON THE TWO EXCHANGES OF 11,888 CONTRACTS OR 36.976 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A GOOD SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (4284) ACCOMPANYING THE GIGANTIC SIZED LOSS IN COMEX OI (15,223): TOTAL LOSS IN THE TWO EXCHANGES  10,939 CONTRACTS. WE NO DOUBT HAD 1) SOME SPECULATOR SHORT ADDITIONS//STRONG BANKER ADDITIONS//  ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR JULY. AT 2.914 TONNES FOLLOWED BY TODAY’S 0 OZ QUEUE JUMP   3) ZERO LONG LIQUIDATION AS ALL OF THE COMEX LOSS WAS DUE TO SPREADER LIQUIDATION////SOME SPECULATOR SHORT COVERINGS/ //.,4)   HUGE SIZED COMEX OPEN INTEREST LOSS 5) GOOD 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 :

112,859 CONTRACTS OR 11,285,900 OZ OR 351.03  TONNES 18 TRADING DAY(S) AND THUS AVERAGING: 6269 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 18  TRADING DAY(S) IN  TONNES: 351.03 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS  351.03/3550 x 100% TONNES  9.88% 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: 238.13 TONNES  FINAL

JULY: 351.03 TONNES (HUGE INCREASE FROM JUNE//WILL CLOSE IN ON THE RECORD EFP ISSUANCE IN MARCH 22//SURPASSED PREVIOUS RECORD HIGH NOV 21) 

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, FELL BY A GIGANTIC SIZED 1436 CONTRACT OI TO 147,801 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 200 CONTRACTS

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

SEPT 200  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 200 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 1436  CONTRACTS AND ADD TO THE 200 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A HUGE SIZED LOSS OF 1236   OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. 

THUS IN OUNCES, THE LOSS  ON THE TWO EXCHANGES 6.180 MILLION OZ

OCCURRED DESPITE OUR  RISE IN PRICE OF  $0.16

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)WEDNESDAY MORNING// TUESDAY  NIGHT

SHANGHAI CLOSED DOWN 1.68 PTS OR 0.05%   //Hang Sang CLOSED DOWN 235.84 OR 1,13%    /The Nikkei closed UP 60.54 OR % 0.22.          //Australia’s all ordinaires CLOSED UP 0.18%   /Chinese yuan (ONSHORE) closed UP AT 6.7512//OFF SHORE CHINESE YUAN UP 6.7480//    /Oil DOWN TO 96.12 dollars per barrel for WTI and BRENT AT 105.42// SHANGHAI CLOSED DOWN 1.68 PTS OR 0.05%   //Hang Sang CLOSED DOWN 235.84 OR 1.13%    /The Nikkei closed UP 60.54 OR % 0.22.          //Australia’s all ordinaires CLOSED UP 0.18%   / Stocks in Europe OPENED  ALL GREEN.        ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING STRONGER AGAINST US DOLLAR/OFFSHORE STRONGER

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