by Harvey Organ, Harvey Organ Blog:
ANOTHER RAID ON OUR PRECIOUS METALS AND THIS WILL CONTINUE UNTIL FIRST DAY NOTICE: GOLD CLOSED DOWN $9.10 TO $1810.45//SILVER CLOSED DOWN 46 CENTS TO $20.84//PLATINUM CLOSED DOWN $28.35 TO $912.65//PALLADIUM CLOSED DOWN $26.25 TO $1405.95//COVID UPDATES: DR PANDA/DR PAUL ALEXANDER//VACCINE IMPACT//SLAY NEWS//UKRAINE VS RUSSIA MAJOR UPDATES RE CHINA’S PEACE PLAN//UPDATES ON EAST PALESTINE DISASTER
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSED: DOWN $9.10 at $1810.45
SILVER PRICE CLOSED: DOWN $0.46 to $20.84
Access prices: closes : 4: 15 PM
Gold ACCESS CLOSE 1822.35
Silver ACCESS CLOSE: 21.32
today is options expiry on comex//feb 28 is options expiry for LBMA/OTC options.
Bitcoin morning price:, 23,839 DOWN 40 Dollars
Bitcoin: afternoon price: $23,280 DOWN 599 dollars
Platinum price closing $941.00 DOWN $7.25
Palladium price; closing $1437.20 DOWN $54.75
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: $2,463.80 DOWN $5.30 CDN dollars per oz
BRITISH GOLD: 1516.73 DOWN 0.30 pounds per oz
EURO GOLD: 1717.30 DOWN 3.00 euros per oz
EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: FEBRUARY 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,818.000000000 USD
INTENT DATE: 02/23/2023 DELIVERY DATE: 02/27/2023
FIRM ORG FIRM NAME ISSUED STOPPED
435 H SCOTIA CAPITAL 7
657 C MORGAN STANLEY 2
661 C JP MORGAN 12
737 C ADVANTAGE 17
TOTAL: 19 19
MONTH TO DATE: 15,055
JPMORGAN STOPPED 12/19
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GOLD: NUMBER OF NOTICES FILED FOR FEB/2023. CONTRACT: 19 NOTICES FOR 1900 OZ or 0.0590 TONNES
total notices so far: 15,055 contracts for 1,505,500 oz (46.827 tonnes)
SILVER NOTICES: 23 NOTICE(S) FILED FOR 115,000 OZ/
total number of notices filed so far this month :889 for 4,445,000 oz
END
GLD
WITH GOLD DOWN $9.10
INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD
/HUGE CHANGES IN GOLD INVENTORY AT THE GLD////A WITHDRAWAL OF 2.60 TONNES OF GOLD FROM THE GLD//
INVENTORY RESTS AT 917.32TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER DOWN 46 CENTS
AT THE SLV// HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3.172 MILLION OZ OUT OF THE SLV/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 473.900. MILLION OZ (CORRECTED)
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A GOOD SIZED 749 CONTRACTS TO 124,7276AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE GOOD SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR $0.32 LOSS IN SILVER PRICING AT THE COMEX ON THURSDAY. WE HAVE NOW COMING CLOSE TO OUR ALL TIME LOW OF 124,080 OI CONTRACTS RECORDED FEB 22/2023. OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.32). AND WERE UNSUCCESSFUL IN KNOCKING ANY SPEC LONGS, AS WE HAD A STRONG SIZED GAIN ON OUR TWO EXCHANGES 691 CONTRACTS. AS WELL, WE HAD 0 NOTICES FOR EXCHANGE FOR RISK TRANSFER ( AS THE TOTAL ISSUED IN THIS CATEGORY SO FAR THIS MONTH TOTAL 6.225 MILLION OZ. WE HAVE FINISHED WITH OUR SPECS BEING SHORT AS THEY COVERED WITH THE RISE IN PRICE IN JANUARY . WE HAVE NOW RETURNED TO OUR USUAL AND CUSTOMARY SCENARIO: BANKERS SHORT AND SPECS LONG.
WE MUST HAVE HAD:
A GIGANTIC ISSUANCE OF EXCHANGE FOR PHYSICALS( 1440 CONTRACTS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 0.540. MILLION OZ FOLLOWED BY TODAY’S 15,000 OZ QUEUE JUMP// NEW TOTALS STANDING = 4.45 MILLION OZ + 6.225 MILLION OF EXCHANGE FOR RISK//TOTAL STANDING 10.675 MILLION OZ//// V) GOOD SIZED COMEX OI LOSS/ HUGE SIZED EFP ISSUANCE/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL REMOVED 163
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS FEB. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF FEB:
TOTAL CONTRACTS for 17 days, total 16,218 contracts: OR 81.090 MILLION OZ . (954 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 81.090 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: 134.290 MILLION OZ//FINAL
DEC, 61.395 MILLION OZ FINAL
JAN 2023/// 53.070 MILLION OZ //FINAL
FEB: 2023: 81.090/ MILLION OZ/INITIAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.
RESULT: WE HAD A GOOD SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 749 WITH OUR $0.32 LOSS IN SILVER PRICING AT THE COMEX//THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE SIZED EFP ISSUANCE CONTRACTS: 1440 CONTRACTS ISSUED FOR MAR 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 FEB OF 0.54 MILLION OZ FOLLOWED BY TODAY’S 15,000 OZ QUEUE JUMP = NEW STANDING: 4.45 MILLION OZ + 6.225 MILLION OZ EXCHANGE FOR RISK://NEW STANDING INCREASES TO 10.675 MILLION OZ .. WE HAVE A STRONG SIZED GAIN OF 854 OI CONTRACTS ON THE TWO EXCHANGES
WE HAD 23 NOTICE(S) FILED TODAY FOR 115,000 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 FAIR SIZED 1740 CONTRACTS TO 424,276 AND FURTHER FROM 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 231 CONTRACTS.
WE HAD A FAIR SIZED DECREASE IN COMEX OI ( 1740 CONTRACTS) WITH OUR $13.05 LOSS IN PRICE. WE ALSO HAD A SMALL INITIAL STANDING IN GOLD TONNAGE FOR FEB. AT 41.601 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S QUEUE JUMP OF 6800 OZ //NEW STANDING: 47.421 TONNES//(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S ) (EFP is the transfer of contracts immediately to London for potential gold deliveries originating from London). TONNES
YET ALL OF..THIS HAPPENED WITH OUR $13.05 LOSS IN PRICE WITH RESPECT TO WEDNESDAY’S TRADING
WE HAD A FAIR SIZED GAIN OF 1118 OI CONTRACTS (4.196 PAPER TONNES) ON OUR TWO EXCHANGES
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2858 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 424,507
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1119 CONTRACTS WITH 1740 CONTRACTS DECREASED AT THE COMEX AND 2858 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 1118 CONTRACTS OR 4.196 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2858 CONTRACTS) ACCOMPANYING THE FAIR SIZED LOSS IN COMEX OI (1740) TOTAL GAIN IN THE TWO EXCHANGES 1349 CONTRACTS. WE HAVE ( 1) NOW RETURNED TO OUR NORMAL FORMAT OF BANKERS GOING SHORT AND SPECULATORS GOING LONG ,2.) FAIR INITIAL STANDING AT THE GOLD COMEX FOR FEB. AT 41.601 TONNES FOLLOWED BY TODAY’S 6,800 OZ QUEUE JUMP // ///3) ZERO LONG LIQUIDATION //4) FAIR SIZED COMEX OPEN INTEREST LOSS// 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER/
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023 INCLUDING TODAY
FEB
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEB :
43,592 CONTRACTS OR 4,359,200 OZ OR 135.58 TONNES 17 TRADING DAY(S) AND THUS AVERAGING: 2564 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 17 TRADING DAY(S) IN TONNES 135.58 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2022, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 135.58/3550 x 100% TONNES 3.83% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023
JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..
MARCH:. 276.50 TONNES (STRONG AGAIN/
APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)
MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)
JUNE: 247.54 TONNES (FINAL)
JULY: 188.73 TONNES FINAL
AUGUST: 217.89 TONNES FINAL ISSUANCE.
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH: 409.30 TONNES INITIAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247,44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
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