WELLS FARGO ANNOUNCES A 90% COLLAPSE IN LOANS AS THE ECONOMY CRATERS

by Harvey Organ, Harvey Organ Blog:

GOLD AND SILVER RISE AS BANKERS ASK FOR DELIVERY FROM THEIR SPEC SHORTS: GOLD CLOSED UP $44.45 TO $1673.30//SILVER RISES A HUGE $1.31 UP TO $20.74//PLATINUM CLOSED UP $34.95 TO $957.45//PALLADIUM CLOSED UP $37.30 TO $1852.90//COVID UPDATES: VACCINE IMPACT//DR PAUL ALEXANDER//VACCINE IMPACT//SLAY NEWS//ALASDAIR MACLEOD EGON VON GREYERZ AND DR MICHAEL HUDSON : A MUST VIEW AND READ//IN ISRAEL BENJAMIN NETANYAHU TO BECOME NEW PRIME MINISTER//USA ISSUES ITS JOBS REPORT AND IT IS A TOTAL PHONY!!//WELLS FARGO ANNOUNCES A 90% COLLAPSE IN LOANS AS THE ECONOMY CRATERS//TWITTER’S RED WEDDING BEGINS IN EARNEST TODAY WITH PERHAPS 50% OF EMPLOYEES DISMISSED

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

GOLD PRICE CLOSE: UP $44.45 to $1673.30

SILVER PRICE CLOSE:  UP $1.31  to $20.74

Access prices: closes : 4: 15 PM

Gold ACCESS CLOSE 1681.00

Silver ACCESS CLOSE: 20.88

New: early yesterday morning//

Bitcoin morning price: $20,606 UP 334

Bitcoin: afternoon price: $20,989 UP 637

Platinum price closing  UP $34.95  AT  $957,45

Palladium price; closing UP $37,35  at $1852.90

END

Due to the huge rise in the dollar, we must look at gold and silver in currencies other than the dollar to understand where we are heading

I will now provide gold in Canadian dollars, British pounds and Euros/4: 15 PM ACCESS

CANADIAN GOLD: 2264.08 DOLLARS UP 24.45 CDN DOLLARS PER OZ

BRITISH GOLD: 1476;38 POUNDS PER OZ UP 17.80 POUNDS PER OZ

EURO GOLD: 1686,67 EUROS PER OZ UP 15.03 EUROS PER OZ.

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EXCHANGE: COMEX

 EXCHANGE: COMEX

DLV615-T CME CLEARING
BUSINESS DATE: 11/03/2022 DAILY DELIVERY NOTICES RUN DATE: 11/03/2022
PRODUCT GROUP: METALS RUN TIME: 20:27:57
EXCHANGE: COMEX
CONTRACT: NOVEMBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,627.300000000 USD
INTENT DATE: 11/03/2022 DELIVERY DATE: 11/07/2022
FIRM ORG FIRM NAME ISSUED STOPPED


132 C SG AMERICAS 147 16
190 H BMO CAPITAL 53
323 C HSBC 33
435 H SCOTIA CAPITAL 23
657 C MORGAN STANLEY 2
661 C JP MORGAN 458 189
732 C RBC CAP MARKETS 3
737 C ADVANTAGE 45 20
800 C MAREX SPEC 11 5
880 C CITIGROUP 53
880 H CITIGROUP 311
905 C ADM 3


TOTAL: 686 686

JPMORGAN STOPPED  189/1686

GOLD: NUMBER OF NOTICES FILED FOR NOV. CONTRACT:    686 NOTICES FOR 68,600 OZ  or 2.1337 TONNES

total notices so far: 4553 contracts for 455,300 oz (14.1617 tonnes)

SILVER NOTICES: 0 NOTICE(S) FILED FOR nil OZ/

total number of notices filed so far this month  154 :  for 770,000  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 $44.45

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 BIG CHANGE IN GLD INVENTORY: A WITHDRAWAL OF 3.48 TONNES FROM THE GLD// /INVENTORY LOWERS TO 920.57 TONNES

INVENTORY RESTS AT 911.59 TONNES

Silver//SLV

WITH NO SILVER AROUND AND SILVER UP $1.31

AT THE SLV// :/SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF OF 4.972 MILLION OZ INTO THE SLV

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY: 477.678 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A FAIR SIZED 376 CONTRACTS TO 139,096 AND FURTHER FROM  THE  RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE SMALL LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR $0.16 LOSS  IN SILVER PRICING AT THE COMEX ON THURSDAY.  OUR BANKERS/HFT WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.16)., AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPEC LONGS, AS WE HAD A HUGE GAIN IN OUR TWO EXCHANGE OF 1015 CONTRACTS.  WE HAD ZERO SPEC SHORT COVERING  THEIR SHORTFALLS, BUT MASSIVE SHORT ADDITIONS // OUR  BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS. SOME NEWBIE SPEC LONGS ADDED TO THEIR POSITIONS ESPECIALLY AT THE LOWER PRICES

WE  MUST HAVE HAD:
I) ZERO  SPECULATOR SHORT COVERINGS BUT HUGE SHORT ADDITIONS ////CONTINUED BANKER OI COMEX ADDITIONS /// SOME NEWBIE SPEC LONG ADDITIONS. II)  WE ALSO HAD  SOME  REDDIT RAPTOR BUYING//.   iii)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.045 MILLION OZ FOLLOWED BY TODAY’S 85,000 QUEUE JUMP//NEW STANDING:1.305 MILLION OZ/    / //  V)   FAIR SIZED COMEX OI GAIN/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: +36

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

TOTAL CONTRACTS for 4 days, total 3465 contracts: 17.325 million oz  OR 4.331MILLION OZ PER DAY. (866 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 17.325 MILLION OZ

.

LAST 17 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

APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE

MAY: 105.635 MILLION OZ//

JUNE: 94.470 MILLION OZ

JULY : 87.110 MILLION OZ

AUGUST: 65.025 MILLION OZ

SEPT. 74.025 MILLION OZ///FINAL

OCT.  29.017 MILLION OZ FINAL

NOV: 17.325 MILLION

RESULT: WE HAD A FAIR SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 340 DESPITE OUR  $0.16 LOSS IN SILVER PRICING AT THE COMEX// THURSDAY.,.  THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE  CONTRACTS: 675 CONTRACTS ISSUED FOR DEC AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS./ WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR NOV. OF 1.345 MILLION  OZ  FOLLOWED BY TODAY’S 85,000 QUEUE JUMP/  .. WE HAVE A HUGE SIZED GAIN OF 1015 OI CONTRACTS ON THE TWO EXCHANGES FOR 5.075 MILLION  OZ..

 WE HAD 0  NOTICE(S) FILED TODAY FOR  nil  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 GIGANTIC SIZED 15,685 CONTRACTS  TO 482,745 AND CLOSER TO  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: REMOVED -185  CONTRACTS.

.

THE GIGANTIC SIZED INCREASE  IN COMEX OI CAME DESPITE OUR FALL IN PRICE OF $18.30//COMEX GOLD TRADING/THURSDAY //  ZERO SPECULATOR SHORT  COVERINGS//HUGE SPEC SHORT ADDITIONS, ACCOMPANYING OUR MONSTER SIZED EXCHANGE FOR PHYSICAL ISSUANCE./. WE HAD SOME LONG LIQUIDATION   // CONTINUED ADDITIONS TO OUR BANKER LONGS!! THE COMEX WILL BLOW UP AS THE SPECS CANNOT DELIVER GOLD TO OUR BANKER LONGS.

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR NOV. AT 12.386 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S MONSTER 98,800 OZ QUEUE JUMP //(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)

YET ALL OF..THIS HAPPENED WITH OUR FALL IN PRICE OF  $18.30 WITH RESPECT TO THURSDAY’S TRADING

WE HAD AN ATMOSPHERIC SIZED GAIN OF 26,875 OI CONTRACTS 83.593 PAPER TONNES) ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A MONSTER SIZED 11,190 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 482,743

IN ESSENCE WE HAVE AN ATMOSPHERIC SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 26,875 CONTRACTS  WITH 15,685 CONTRACTS INCREASED AT THE COMEX AND 11,190 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN ON THE TWO EXCHANGES OF 27,060 CONTRACTS OR 84.167 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A HUGE SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (11,190) ACCOMPANYING THE GIGANTIC SIZED GAIN IN COMEX OI (15,675): TOTAL GAIN IN THE TWO EXCHANGES 26,875 CONTRACTS. WE NO DOUBT HAD 1) ZERO SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS AS WELL AS HUGE SHORT SPEC GAINS/// // CONSIDERABLE NEWBIE SPEC  ADDITIONS AT THE LOWER PRICE  ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR NOV. AT 12.386 TONNES FOLLOWED BY TODAY’S MONSTER QUEUE JUMP OF 98,800 OZ //NEW STANDING 20.090 TONNES///3) ZERO LONG LIQUIDATION //// //.,4)  GIGANTIC SIZED COMEX OPEN INTEREST GAIN 5) MONSTER ISSUANCE OF EXCHANGE FOR PHYSICAL/

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