CHINA NEEDS A BAILOUT OF $13 BILLION EQUIVALENT FOR ITS PROPERTY BANKING BUSINESS TO BAIL OUT LOCAL BANKS

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by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $16.80 TO $1926.75//SILVER WAS UP $42 CENTS TO $23.11//PLATINUM WAS UP $8.30 TO $915.30//PALLADIUM WAS UP $8.05 TO $1253.45//EXCELLENT COMMENTARY TODAY FROM ALSDAIR MACLEOD//CHINA NEEDS A BAILOUT OF $13 BILLION EQUIVALENT FOR ITS PROPERTY BANKING BUSINESS TO BAIL OUT LOCAL BANKS//MORE UPDATES ON FRANCE AS THEIR GUN CONTROL IS INEFFECTIVE IN STOPPING THE VIOLANCE//COVID/VACCINE UPDATES/DR PAUL ALEXANDER/SLAY NEWS/THE JOBS REPORT WAS A BUST TODAY AS EXPECTED AND THAT REVERSED OUR PRECIOUS METALS NORTHBOUND AGAIN//MORE UPDATES ON THE USA JUDGE BLOCKING CENSORSHIP FROM GOVERNMENT

TRUTH LIVES on at https://sgtreport.tv/

GOLD PRICE CLOSED: UP $16.80 TO $1926.75

SILVER PRICE CLOSED: UP $0.42   AT $23.11

Access prices: closes 4: 15 PM

Gold ACCESS CLOSE 1925.30

Silver ACCESS CLOSE: 23.08

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Bitcoin morning price:, $30,179 DOWN 1080  Dollars

Bitcoin: afternoon price: $30,220  DOWN 1039 dollars

 

Platinum price closing  $915.30 UP  $8.30

Palladium price;     $1253.45 UP $8.05

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: $2,555.90 UP 2.90 CDN dollars per oz (ALL TIME HIGH 2,775.35)

BRITISH GOLD: 1499.38 DOWN 0.38 pounds per oz//(ALL TIME HIGH//CLOSING///1630.29)

EURO GOLD: 1755.00 UP 0.65 euros per oz //(ALL TIME HIGH/CLOSING//1861.21)//

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EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: JULY 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,908.700000000 USD
INTENT DATE: 07/06/2023 DELIVERY DATE: 07/10/2023
FIRM ORG FIRM NAME ISSUED STOPPED


118 C MACQUARIE FUT 73
323 C HSBC 320
435 H SCOTIA CAPITAL 103
624 H BOFA SECURITIES 62
661 C JP MORGAN 52
661 H JP MORGAN 17
690 C ABN AMRO 9 11
726 C CUNNINGHAM COM 2
737 C ADVANTAGE 24 36
905 C ADM 3


TOTAL: 356 356
MONTH TO DATE: 2,116

JPMorgan stopped 52/356 contracts.

FOR JULY:

GOLD: NUMBER OF NOTICES FILED FOR JULY/2023. CONTRACT:  356 NOTICES FOR 35,600 OZ  or  1.1073 TONNES

total notices so far: 2116 contracts for 211,600 oz (6.5816 tonnes)

FOR  JULY:

SILVER NOTICES: 59 NOTICE(S) FILED FOR 295,000 OZ/

total number of notices filed so far this month : 3396 for 16,980,000 oz

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END

GLD

WITH GOLD UP $16.80

INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD//

NO CHANGES IN GOLD INVENTORY AT THE GLD

INVENTORY RESTS AT 917.86 TONNES

Silver//

WITH NO SILVER AROUND AND SILVER  UP 42 CENTS AT  THE SLV// NO CHANGES IN SILVER INVENTORY AT THE SLV:

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 466.474 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY AN HUGE SIZED 1459 CONTRACTS TO 118,845 AND CLOSER TO THE  RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR  $0.50 LOSS  IN SILVER PRICING AT THE COMEX ON THURSDAY. TAS ISSUANCE WAS A GOOD SIZED 656 CONTRACTS. THESE WILL BE USED FOR MANIPULATION LATER THIS MONTH .  CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE.  THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS:  1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON THURSDAY NIGHT: 656 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE  OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT THUS LOOKS LIKE THE FED (GOV’T) IS BEHIND ALL OF THESE TRADES.

WE HAVE NOW SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023//  OUR BANKERS WERE  SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.50). AND WERE UNSUCCESSFUL IN KNOCKING ANY SPEC LONGS AS WE HAD A HUGE GAIN ON OUR TWO EXCHANGES OF 1,933 CONTRACTS.   WE HAD 0 CRIMINAL NOTICES FILED IN THE CATEGORY OF  EXCHANGE FOR RISK TRANSFER FOR 0 MILLION OZ// (  THE TOTAL ISSUED IN THIS CATEGORY SO FAR THIS MONTH TOTAL 0 MILLION OZ.).  WE HAVE NOW RETURNED TO OUR USUAL AND CUSTOMARY SCENARIO: BANKERS SHORT AND SPECS LONG WITH MANIPULATION NOW MID MONTH AND BEYOND, DUE TO (TAS) MANIPULATION.

WE  MUST HAVE HAD:

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