by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN $1.80 TO $1649.70//SILVER CLOSED UP 6 CENTS TO $19.23//PLATINUM WAS DOWN $12.35 TO $922.25//PALLADIUM WAS DOWN $48,50 TO $1969.75//COVID UPDATES//DR PAUL ALEXANDER//VACCINE IMPACT//VACCINE INJURIES//UK UPDATES: SUNAK THE LIKELY PRIME MINISTER//CHINESE MARKETS TUMBLE ON THE CERITIFICATION OF XI’S 3RD TERM WITH MORE STRINGENT REFORMS//JAPAN CENTRAL BANK INTERVENS AGAIN WITH 50 BILLIONS WORTH OF YEN PURCHASES AND THIS FAILS AGAIN//LOOKS LIKE 26 MILLION BRITS WILL ENTER ENERGY POVERTY//BOLEN: AN EXCELLENT COMMENTARY SUGGESTING WHY THE ECB AND THEIR CENTRAL BANKS ARE IN TROUBLE//MASSIVE MISSILE STRIKES HIT MAJOR UKRAINE CITIES THROWING THEM INTO DARKNESS/AMERICAN EXPRESS PLACES HUGE AMOUNT INTO BAD LOSS PROVISIONS INDICATING EVEN THE WEALTHY ARE SUFFERING//HUGE DOWNFALL IN BOTH THE USA PMI’S
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: DOWN $1.80 to $1649.70
SILVER PRICE CLOSE: UP $0.06 to $19.23
Access prices: closes : 4: 15 PM
Gold ACCESS CLOSE 1649.10
Silver ACCESS CLOSE: 19.22
New: early yesterday morning//
Bitcoin morning price: $19,421 UP 211
Bitcoin: afternoon price: $19,419 UP 2.00
Platinum price closing DOWN $12.35 AT $922.25
Palladium price; closing DOWN $48.50 at $1969.75
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 $2262.36 CDN DOLLARS PER OZ UP $6.89 CDN DOLLARS
BRITISH GOLD IN POUNDS: 1462.36 POUNDS PER OZ DOWN 4.27 BRITISH POUNDS PER OZ/
EURO GOLD: 1670.70 EUROS PER OZ// UP DOWN 9.58 EUROS PER OZ///
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,651.000000000 USD
INTENT DATE: 10/21/2022 DELIVERY DATE: 10/25/2022
FIRM ORG FIRM NAME ISSUED STOPPED
323 C HSBC 6
435 H SCOTIA CAPITAL 130
657 C MORGAN STANLEY 9
661 C JP MORGAN 13
732 C RBC CAP MARKETS 17
880 C CITIGROUP 109
905 C ADM 6
TOTAL: 145 145
MONTH TO DATE: 23,303
JPMORGAN STOPPED 13/145
GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT: 145 NOTICES FOR 14,500 OZ or 0.45101 TONNES
total notices so far: 23,303 contracts for 2,330,300 oz (72.480 tonnes)
SILVER NOTICES: 6 NOTICE(S) FILED FOR 30,000 OZ/
total number of notices filed so far this month 450 : for 2,250,000 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 $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//BIG CHANGES IN GOLD INVENTORY AT THE GLD: /////A WITHDRAWAL OF 2.89 TONNES INTO THE GLD//
INVENTORY RESTS AT 928.10 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER UP 6 CENTS
AT THE SLV// :/BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A SMALL WITHDRAWAL OF .563 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 485.610 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A STRONG SIZED 782 CONTRACTS TO 138,208 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE STRONG GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR $0.43 GAIN IN SILVER PRICING AT THE COMEX ON FRIDAY. OUR BANKERS/HFT WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.43)., AND UNSUCCESSFUL IN KNOCKING OFF ANY SPEC LONGS, AS WE HAD A HUGE GAIN IN OUR TWO EXCHANGE OF 1101 CONTRACTS. HUGE NUMBERS OF SPECS CONTINUE TO ADD TO THEIR SHORTFALLS FROM WHICH OUR BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS. SOME SPEC LONGS ADDED TO THEIR POSITIONS
WE MUST HAVE HAD:
I) ZERO SPECULATOR SHORT COVERINGS BUT CONSIDERABLE SHORT ADDITIONS ////CONTINUED BANKER OI COMEX ADDITIONS /// SOME NEWBIE SPEC LONG ADDITIONS. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.580 MILLION OZ FOLLOWING AN 5,000 OZ QUEUE. JUMP / // V) STRONG SIZED COMEX OI GAIN/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: +21
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS OCT. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF OCT:
TOTAL CONTRACTS for 18 days, total 55,880 contracts: 27.940 million oz OR 1.522MILLION OZ PER DAY. (310 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 27.940 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. 27.940 MILLION OZ INITIAL
RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 782 WITH OUR $0.43 GAIN IN SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE CONTRACTS: 340 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 OCT. OF 1.580 MILLION OZ FOLLOWED BY TODAY’S 5,000 QUEUE JUMP .. WE HAD A HUGE SIZED GAIN OF 1101 OI CONTRACTS ON THE TWO EXCHANGES FOR 5.505 MILLION OZ..
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