by Harvey Organ, Harvey Organ Blog:
JOBS REPORT (FAKE) SENDS GOLD AND SILVER DOWN: GOLD CLOSED DOWN $10.70 TO $1701.70//SILVER IS DOWN 37 CENTS TO $20.01//PLATINUM IS DOWN $6.40 TO $919.10//PALLADIUM IS DOWN $82.35 TO $2195.65//ALASDAIR MACLEOD A MUST VIEW KINESIS 94 REPORT//JOBS REPORT FROM THE USA ADDS 200,000 SOULS TO THE PAYROLLS//COVID UPDATES//VACCINE IMPACT//DR PAUL ALEXANDER//CREDIT SUISSE UPDATE: STOCK RISES BUT I SMELL TROUBLE//GOODS ARE BLOCKED MOVING UP THE MISSISSIPPI DUE TO LOW LEVELS
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: DOWN $10.70 to $1701.70
SILVER PRICE CLOSE: DOWN $0.37 to $20.24
Access prices: closes
Gold ACCESS CLOSE 1694.70
Silver ACCESS CLOSE: 20.13
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.
Harvey: Credit Suisse?
Bitcoin morning price: $20,004 DOWN 31
Bitcoin: afternoon price: $19,439 DOWN 596
Platinum price closing DOWN 6.40 AT $919.10
Palladium price; closing DOWN $82.35 at $2195.65
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 $2322.00 CDN DOLLARS PER OZ DOWN $30.0 CDN DOLLARS
BRITISH GOLD IN POUNDS: 1526.30 POUNDS PER OZ DOWN 7 BRITISH POUNDS PER OZ/
EURO GOLD: 1736/37 EUROS PER OZ// DOWN 12/39 EUROS PER OZ///
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,711.700000000 USD
INTENT DATE: 10/06/2022 DELIVERY DATE: 10/10/2022
FIRM ORG FIRM NAME ISSUED STOPPED
118 C MACQUARIE FUT 4
132 C SG AMERICAS 2
624 H BOFA SECURITIES 12
657 H MORGAN STANLEY 16
661 C JP MORGAN 17
800 C MAREX SPEC 25 6
TOTAL: 41 41
MONTH TO DATE: 21,375
JPMORGAN STOPPED 17/41
GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT:
41 NOTICES FOR 4100 OZ //.1275 TONNES
total notices so far: 21,375 contracts for 2,137,500 oz (66.485 tonnes)
SILVER NOTICES: 68 NOTICES FILED FOR 340,000 OZ/
total number of notices filed so far this month 321 : for 1,605,000 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 $10.70
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//
NO CHANGES IN GOLD INVENTORY AT THE GLD: ////
INVENTORY RESTS AT 946.34 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 37 CENTS
AT THE SLV// ://BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A HUGE WITHDRAWAL OF2.447 MILLION OZ FROM THE SLV//
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 473.130 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A SMALL SIZED 125 CONTRACTS TO 126,292 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE HUGE LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR $0.11 GAIN IN SILVER PRICING AT THE COMEX ON WEDNESDAY. OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.11). HOWEVER OUR SPEC SHORTS ARE DESPERATELY 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 160,000 OZ QUEUE JUMP / // V) SMALL SIZED COMEX OI GAIN/ SOME SPEC COVERING THEIR SHORTS.
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: –45
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 7 days, total 49,425 contracts: 29.65 million oz OR 4.23MILLION OZ PER DAY. (706 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 SMALL SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 125 WITH OUR SMALL $0.11 GAIN IN SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A ZERO SIZED EFP ISSUANCE CONTRACTS: 0 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// SMALL 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 160,000 QUEUE JUMP .. WE HAD A SMALL SIZED GAIN OF 125 OI CONTRACTS ON THE TWO EXCHANGES FOR .6250 MILLION OZ..
WE HAD 68 NOTICE(S) FILED TODAY FOR 340,000 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 SMALL SIZED 71 CONTRACTS TO 433,247 AND CLOSER TO 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 — -369 CONTRACTS.
.
THE SMALL SIZED INCREASE IN COMEX OI CAME WITH OUR GAIN IN PRICE OF $0.70//COMEX GOLD TRADING/THURSDAY // SOME SPECULATOR SHORT COVERINGS ACCOMPANYING OUR FAIR 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 OCT. AT 66.099 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S QUEUE JUMP OF 2,000 OZ//NEW STANDING 68.123 TONNES (QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)
YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $0.70 WITH RESPECT TO THURSDAY’S TRADING
WE HAD A GOOD SIZED GAIN OF 3711 OI CONTRACTS 11.54 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 3640 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 433,616
IN ESSENCE WE HAVE A GOOD SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3711 CONTRACTS WITH 71 CONTRACTS INCREASED AT THE COMEX AND 3640 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 4280 CONTRACTS OR 13.312 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3640) ACCOMPANYING THE SMALL SIZED GAIN IN COMEX OI (71): TOTAL GAIN IN THE TWO EXCHANGES 3711 CONTRACTS. WE NO DOUBT HAD 1) MINOR SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS///NEWBIE SPEC ADDITIONS ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR OCT. AT 66.099 TONNES FOLLOWED BY TODAY’S 2,000 OZ QUEUE JUMP///NEW STANDING 68.123 TONNES//. 3) ZERO LONG LIQUIDATION //// //.,4) SMALL SIZED COMEX OPEN INTEREST GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL/
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