by Harvey Organ, Harvey Organ Blog:
CHAOS RUNS SUPREME AS A BLOODBATH IN ALL MARKETS//GOLD CLOSED DOWN $24.60 TO $1648.35//SILVER CLOSED DOWN 68 CENTS TO $18.72//PLATINUM CLOSED DOWN $54.40 TO $864.00//PALLADIUM CLOSED DOWN $52.35 TO $2071.40//DOW CLOSED DOWN 486.27//BRITISH POUND COLLAPSES INTO THE 1.08 LEVEL TO THE DOLLAR///UK STOCK MARKET PLUMMETS ON TRUSS’S TAX CUTS AS THEIR ECONOMY ENTERS A RECESSION//RUSSIA ENGAGES IN REFERENDUM VOTES IN 4 PROVINCES (OBLASTS) SEEKING INDEPENDENCE FROM UKRAINE AND LOYALTY TO RUSSIA//RUSSIA WARNS THAT THEY WOULD USE NUCLEAR WEAPONS TO DEFEND ANNEXED UKRAINE TERRITORIES//COVID UPDATES//VACCINE IMPACT//DR PAUL ALEXANDER
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: DOWN $24.60 to $1648.35
SILVER PRICE CLOSE: DOWN 68 cents to $18.92
Access prices: closes
Gold ACCESS CLOSE 1644.30
Silver ACCESS CLOSE: 18.89
Bitcoin morning price: $18,890 DOWN $594
Bitcoin: afternoon price: $18,772 DOWN 692
Platinum price closing DOWN $54.40 AT $864.00
Palladium price; closing DOWN $52.35 at $2071.40
END
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: SEPTEMBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,670.800000000 USD
INTENT DATE: 09/22/2022 DELIVERY DATE: 09/26/2022
FIRM ORG FIRM NAME ISSUED STOPPED
323 C HSBC 3
435 H SCOTIA CAPITAL 124
624 H BOFA SECURITIES 22
657 C MORGAN STANLEY 15
661 C JP MORGAN 221 575
690 C ABN AMRO 56
709 C BARCLAYS 502
737 C ADVANTAGE 4
880 H CITIGROUP 332
905 C ADM 10
TOTAL: 932 932
JPMorgan stopped 575/932 contracts
MONTH TO DATE: 9,505_____________________________________________
GOLD: NUMBER OF NOTICES FILED FOR SEPT CONTRACT:
932 NOTICES FOR 93,200 OZ //2.8989 TONNES
total notices so far: 9505 contracts for 950,500 oz (29.564 tonnes)
SILVER NOTICES: 48 NOTICES FILED FOR 240,000 OZ/
total number of notices filed so far this month 6643 : for 33,215,000 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 $24.60
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 2.03 TONNES FROM THE GLD/
INVENTORY RESTS AT 950.13 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 68 CENTS
AT THE SLV// ://BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A DEPOSIT OF OF 0.507 MILLION OZ INTO THE SLV//
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 481.931 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A FAIR SIZED 402 CONTRACTS TO 132,106 AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THE FAIR GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR $0.10 GAIN IN SILVER PRICING AT THE COMEX ON THURSDAY. OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.10) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPEC SILVER LONGS AS WE HAD A GOOD GAIN OF 900 CONTRACTS ON OUR TWO EXCHANGES. WE DID HAVE A STRONG SILVER SHORT COVERING. THE SPECS ARE FLEEING AS FAST AS THEIR LITTLE FEET WILL CARRY THEM.
WE MUST HAVE HAD:
I) STRONG SPECULATOR SHORT COVERING ////CONTINUED BANKER OI COMEX ADDITIONS /. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 3.855 MILLION OZ FOLLOWED BY TODAY’S 355,000 OZ QUEUE JUMP / // V) FAIR SIZED COMEX OI GAIN/(//CONSIDERABLE SPEC LIQUIDATION/)
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: +52
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS SEPT. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF SEPT:
TOTAL CONTRACTS for 16 days, total 12,755 contracts: 63.775 million oz OR 3.986 MILLION OZ PER DAY. (797 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 63.775 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. 63.775 MILLION OZ///
RESULT: WE HAD A SMALL SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 402 WITH OUR $0.10 GAIN IN SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE CONTRACTS: 550 CONTRACTS ISSUED FOR DEC AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS THE DOMINANT FEATURE TODAY: /GOOD BANKER ADDITIONS A// CONSIDERABLE NET SPEC SHORT COVERINGS /// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR AUGUST. OF 3.855 MILLION OZ FOLLOWED BY TODAY’S 355,000 OZ QUEUE JUMP // .. WE HAD A STRONG SIZED GAIN OF 952 OI CONTRACTS ON THE TWO EXCHANGES FOR 4.76MILLION OZ AS..THE SPECS STILL ARE BEING SENT TO THE SLAUGHTER HOUSE.
WE HAD 48 NOTICE(S) FILED TODAY FOR 240,000 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 283 CONTRACTS TO 465,884 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. WE WILL PROBABLY SEE THE COMEX OI FALL TO AROUND 380,000 AS OUR SPECS GET ANNIHILATED.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED – 125 CONTRACTS.
.
THE SMALL SIZED DECREASE IN COMEX OI CAME DESPITE OUR RISE IN PRICE OF $5.20//COMEX GOLD TRADING/THURSDAY / WE MUST HAVE HAD MAJOR SPECULATOR SHORT COVERINGS ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE./. WE HAD ZERO LONG LIQUIDATION //AND //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 SEPT. AT 8.401 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S STRONG QUEUE JUMP OF 61,100 OZ //NEW STANDING 30.799 TONNES
YET ALL OF..THIS HAPPENED WITH OUR RISE IN PRICE OF $5.20 WITH RESPECT TO THURSDAY’S TRADING
WE HAD A STRONG SIZED GAIN OF 5295 OI CONTRACTS 16.469 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 5295 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 465,884
IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5295 CONTRACTS WITH 283 CONTRACTS DECREASED AT THE COMEX AND 5578 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 5295 CONTRACTS OR 16.86 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (5578) ACCOMPANYING THE SMALL SIZED LOSS IN COMEX OI (283): TOTAL GAIN IN THE TWO EXCHANGES 5295 CONTRACTS. WE NO DOUBT HAD 1) CONSIDERABLE SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS/// ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR SEPT. AT 8.409 TONNES FOLLOWED BY TODAY’S MONSTROUS QUEUE JUMP OF 61,100 oz. 3) ZERO LONG LIQUIDATION//// //.,4) SMALL SIZED COMEX OPEN INTEREST LOSS 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL/
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