by Harvey Organ, Harvey Organ Blog:
GOLD AND SILVER HOLD ON AN ATTEMPTED RAID: GOLD CLOSES UP $.70 TO $1712.40//SILVER UP 11 CENTS TO $20.61//PLATINUM DOWN $5.70 TO $925.50//PALLADIUM DOWN $31.05 TO $2278.80//BANKERS DIRECT GOLD AWAY FROM GOLD STARVED INDIA: GREAT NEWS FOR GOLD//TAIWAN EXPANDS FIRST STRIKE DEFINITION AND THIS IS SCARY!!/EU INITIATES FRESH SANCTIONS ON IRAN UNDERGOING PROTESTS FOR THE 3RD WEEK//CREDIT SUISSE PROBLEMS SURFACTING AGAIN: UPDATE ON THIS//CARGO SHIPOWNERS CANCELLING SAILINGS DUE TO DEMAND DESTRUCTION//HOWEVER LNG RATES FROM THE USA SKYROCKETING//MUST READS: PEPE ESCOBAR, MICHAEL EVERY AND ZHONG (EPOCH TIMES)//OPEC + CUTS PRODUCTION BY 2 MILLION BARRELS SENDING SHIVERS DOWN BIDEN’S BACK//BIDEN THEN REACHES OUT TO VENEZUELA//USA JOBLESS CLAIMS SURPRISINGLY JUMPS AGAIN
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: UP $0.70 to $1712.40
SILVER PRICE CLOSE: UP $0.11 to $20.61
Access prices: closes
Gold ACCESS CLOSE 1712.60
Silver ACCESS CLOSE: 20.67
New: early yesterday morning//very ominous:
On Monday, October 3, 2022 at 12:15 p.m., a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 261b.7 of the Board’s Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th and C Streets, N.W., Washington, D.C. and by audio/video conference call, to consider the following matters of official Board business.
Bitcoin morning price: $20,242 UP 164 (from Tuesday)
Bitcoin: afternoon price: $20,035 DOWN 43
Platinum price closing DOWN 5.70 AT $925.50
Palladium price; closing DOWN $31.05 at $2278.80
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/closing ACCESS
CANADIAN GOLD $2355.00 CDN DOLLARS PER OZ UP $18.50 CDN DOLLARS
BRITISH GOLD INPOUNDS: 1534.05 POUNDS PER OZ UP 21.13 BRITISH POUNDS PER OZ/
EURO GOLD: 1748.37 EUROS PER OZ// UP 14.60 EUROS PER OZ///
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,711.400000000 USD
INTENT DATE: 10/05/2022 DELIVERY DATE: 10/07/2022
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 1
118 C MACQUARIE FUT 33
132 C SG AMERICAS 12
323 H HSBC 6
435 H SCOTIA CAPITAL 341
624 C BOFA SECURITIES 1
624 H BOFA SECURITIES 109
657 C MORGAN STANLEY 4
657 H MORGAN STANLEY 15
661 C JP MORGAN 166
732 C RBC CAP MARKETS 1
800 C MAREX SPEC 9 25
880 C CITIGROUP 7
TOTAL: 365 365
MONTH TO DATE: 21,334
JPMORGAN STOPPED 166/365
GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT: 255
365 NOTICES FOR 36500 OZ //1.123 TONNES
total notices so far: 21,334 contracts for 2,133,400 oz (66.357 tonnes)
SILVER NOTICES: 31 NOTICES FILED FOR 155,000 OZ/
total number of notices filed so far this month 253 : for 1,265,000 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 $0.70
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 DEPOSIT OF 3,45
TONNES FROM THE GLD/
INVENTORY RESTS AT 946.34 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER UP $0.11
AT THE SLV// ://BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A HUGE WITHDRAWAL OF 5.300 MILLION OZ FROM THE SLV//
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 475.617 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A GIGANTIC SIZED 3357 CONTRACTS TO 126,167 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE HUGE LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR HUGE $0.54 LOSS IN SILVER PRICING AT THE COMEX ON WEDNESDAY. OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.54). HOWEVER OUR SPEC SHORTS ARE DESPARATELY TRYING TO COVER THEIR MASSIVE COMEX OI SHORTFALL. BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS.
WE MUST HAVE HAD:
I) CONTINUAL SPECULATOR SHORT COVERINGS ////CONTINUED BANKER OI COMEX ADDITIONS /// SOME NEWBIE SPEC LONG ADDITIONS. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A GIGANTIC ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.580 MILLION OZ FOLLOWING A 105,000 OZ QUEUE JUMP / // V) GIGANTIC SIZED COMEX OI LOSS/SPEC COVERING THEIR SHORTS.
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: –157
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 6 days, total 49,425 contracts: 29.65 million oz OR 4.94MILLION OZ PER DAY. (823 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 29.65 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. 29.65 MILLION OZ INITIAL
RESULT: WE HAD A GIGANTIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3357 WITH OUR STRONG $0.54 LOSS IN SILVER PRICING AT THE COMEX// WEDNESDAY.,. THE CME NOTIFIED US THAT WE HAD A GIGANTIC SIZED EFP ISSUANCE CONTRACTS: 1650 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: /HUGE BANKER ADDITIONS A// HUGE SHORT LIQUIDATIONS//SMALL NEWBIE SPEC LONG ADDITIONS// /// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR OCT. OF 1.580 MILLION OZ FOLLOWED BY TODAY’S 105,000 QUEUE JUMP .. WE HAD A GIGANTIC SIZED LOSS OF 1747 OI CONTRACTS ON THE TWO EXCHANGES FOR 8.735MILLION OZ..
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