by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN $3.60 TO $2034.55//SILVER WAS UP 28 CENTS TO $24.32/PLATINUM WAS UP $10.50 TO $971.80 WHILE PALLADIUM WAS DOWN $15.65 TO $1217.10//GOLD COMMENTARIES TODAY FROM EGON VON GREYERZ AND MIKE MAHARRAY//UK INFLATION RATE WELL DOWN AND THAT PROBABLY SIGNALS A RATE CUT//ISRAEL VS HAMAS UPDATES; VERY QUITE AS THEY ANTICIPATE A PAUSE AND A HOSTAGE EXCHANGE//HOUTHIS VS ISRAEL AND THE USA: HOUTHIS STILL ON THE WARPATH//USA DATA RELEASES//USA EXISTING HOME SALES UP SLIGHTLY
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSED: DOWN $3.60 TO $2034.55
SILVER PRICE CLOSED: UP 28 cents AT $24.32
Access prices: closes 4: 15 PM
Gold ACCESS CLOSED 2030.80
Silver ACCESS CLOSED: 24.11
DEC 13
Shanghai Gold Benchmark Price
USD oz gram kilo tola
AM2030.75
PM2028.26
SHANGHAI GOLD PREMIUM OVER NY: 52 DOLLARS
Bitcoin morning price:, 42,932 UP 688 DOLLARS
Bitcoin: afternoon price: $43771 UP 1527 dollars
Platinum price closing $961.30 UP $9.50
Palladium price; $1232,75 UP $49.95
END
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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: $2,714.47 DOWN $6.20 CDN dollars per oz( * NEW ALL TIME HIGH 2,795.90 CDN DOLLARS PER OZ//DEC 1 272023)
BRITISH GOLD: 1607.90 UP 4.77 pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1655.17 BRITISH POUNDS/OZ) OCT 2/2023
*EURO GOLD: 1856.66 DOWN 2.18 euros per oz //* (ALL TIME CLOSING HIGH: 1903.75 EUROS PER OZ//DEC 1.2023)
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EXCHANGE: COMEX
CONTRACT: DECEMBER 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,038.400000000 USD
INTENT DATE: 12/19/2023 DELIVERY DATE: 12/21/2023
FIRM ORG FIRM NAME ISSUED STOPPED
118 C MACQUARIE FUT 338
363 H WELLS FARGO SEC 300
365 C MAREX CAPITAL M 20 17
435 H SCOTIA CAPITAL 17
661 C JP MORGAN 50 23
690 C ABN AMRO 5
737 C ADVANTAGE 67 43
991 H CME 4
TOTAL: 442 442
MONTH TO DATE: 14,472
JPMorgan stopped 23/442 contracts.
FOR DEC.:
GOLD: NUMBER OF NOTICES FILED FOR DEC/2023. CONTRACT: 442 NOTICES FOR 44200 OZ or 1.375TONNES
total notices so far: 14,472 contracts for 1,447,200 oz (45.014 tonnes)
FOR DEC:
SILVER NOTICES 128 NOTICE(S) FILED FOR 640,000 OZ/
total number of notices filed so far this month : 3209 for 16,045,000 oz
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END
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES
GLD
WITH GOLD DOWN $3.60//
INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ : / HUGE CHANGES IN GOLD INVENTORY AT THE GLD: /A WITHDRAWAL OF 2.02 TONNES OF GOLD FROM THE GLD//
INVENTORY RESTS AT 877.67 TONNES
SLV//
WITH NO SILVER AROUND AND SILVER UP 28 CENTS AT THE SLV// NO CHANGES IN SILVER INVENTORY AT THE SLV: V/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 443,393 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A FAIR SIZED 277 CONTRACTS TO 127,549 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS FAIR SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR GAIN $0.27 IN SILVER PRICING AT THE COMEX ON MONDAY. WE HAD A ZERO LONG LIQUIDATION WITH CONSIDERABLE T.A.S. LIQUIDATION (AND SOME SHORT COVERING) AT THE COMEX SESSION. WE HAD A FAIR 427 T.A.S ISSUANCE AND THESE WILL BE USED FOR MANIPULATION LATER THIS MONTH/AS WELL AS TODAY.
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 TUESDAY NIGHT: 427 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 WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.27), AND WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS AS WE HAD A GOOD SIZED GAIN OF 412 OI CONTRACTS ON OUR TWO EXCHANGES.
WE MUST HAVE HAD:
A SMALL SIZED 135 ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1,5 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 20,000 OZ QUEUE JUMP + 0 CONTRACTS OF EX. FOR RISK FOR 0 MILLION OZ EX. FOR RISK //NEW TOTAL STANDING 18.055 MILLION OZ.+0 MILLION OZ (EX. FOR RISK TODAY) + 6.5 MILLION EX. FOR RISK/PRIOR= NEW TOTAL OF 24.555 MILLION OZ
//NEW STANDING FOR SILVER IS THUS 24.555 MILLION OZ
//FAIR SIZED COMEX OI GAIN/ SMALL SIZED EFP ISSUANCE/ VI) GOOD SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 501 CONTRACTS)/
0 CONTRACT EX.FOR RISK =0 MILLION OZ//NEW TOTAL FOR EX. FOR RISK + 6.5 MILLION OZ.
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL – REMOVED 89 CONTRACTS (the cme will no longer provide preliminary no to be except through a paywall)
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS DEC. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF DEC:
TOTAL CONTRACTS for 14 days, total 10,998 contracts: OR 54.990MILLION OZ (785 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 54.990 MILLION OZ
LAST 23 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
YEAR 2022:
JAN 2022-DEC 2022
JAN 2022// 90.460 MILLION OZ
FEB 2022: 72.39 MILLION OZ//
MARCH 2022: 207.140 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
TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)
JAN 2023/// 53.070 MILLION OZ //FINAL
FEB: 2023: 100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.
MARCH 2023: 112.58 MILLION OZ//FINAL//STRONG ISSUANCE
APRIL 118.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)
MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)
JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH
JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)
AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD
SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)
OCT: 97.455 MILLION OZ
NOV. 50.050 MILLION OZ
DEC. 54.990 MILLION OZ//THIS IS GOING TO BE A STRONG ISSUANCE OF EFP’S FOR THIS MONTH.
RESULT: WE HAD A FAIR SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 277 CONTRACTS WITH OUR GAIN IN PRICE OF $0.27 IN SILVER PRICING AT THE COMEX//TUESDAY.,. THE CME NOTIFIED US THAT WE HAD A FAIR EFP ISSUANCE CONTRACTS: 135 ISSUED FOR FEB 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 DEC. OF 18.755 MILLION OZ FOLLOWED BY TODAY’S 20,000 OZ QUEUE JUMP /NEW TOTAL STANDING 18.055MILLION OZ//+0 MILLION EX. FOR RISK TODAY + 6.5 MILLION OZ EXCHANGE FOR RISK/PRIOR//NEW TOTAL 24,555 MILLION OZ.
NEW STANDING 24.555 million OZ /// WE HAVE A GOOD SIZED GAIN OF 412 OI CONTRACTS ON THE TWO EXCHANGES WITH THE GAIN IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A GOOD SIZED 427 CONTRACTS//CONSIDERABLE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE TUESDAY COMEX SESSION. THE NEW TAS ISSUANCE TUESDAY NIGHT (427 WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE., .
WE HAD 128 NOTICE(S) FILED TODAY FOR 640,000 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 GOOD SIZED 3928 CONTRACTS TO 481,203 AND CLOSER TO RECORD (SET JAN 24/2020) AT 799,733 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: -removed 230 CONTRACTS
WE HAD A GOOD SIZED INCREASE IN COMEX OI ( 3928 CONTRACTS) WITH OUR $12.15 GAIN IN PRICE//TUESDAY. WE ALSO HAD A RATHER LIGHT INITIAL STANDING IN GOLD TONNAGE FOR DEC.. AT 44.914 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 43,810 OZ QUEUE JUMP + 0 ISSUANCE OF EX. FOR RISK CONTRACTS // TOTAL GOLD STANDING FOR DEC SO FAR INCREASES TO 50.058 TONNES // ALL OF..THIS HAPPENED WITH OUR $12.15 GAIN IN PRICE WITH RESPECT TO TUESDAY’S TRADING. WE HAD A STRONG SIZED GAIN OF 5676 OI CONTRACTS (17.65) PAPER TONNES) ON OUR TWO EXCHANGES.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 1748 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 481,203
IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5676 CONTRACTS WITH 3928 CONTRACTS INCREASED AT THE COMEX// AND A FAIR SIZED 1748 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 5906 CONTRACTS. WE HAD 0 CONTRACTS EXCHANGE FOR RISK TODAYFOR 0.0 TONNES/EX FOR RISK PRIOR = 4.634 TOTAL //NEW TOTAL STANDING 45.424 TONNES + 4.634 TONNES= 50.058 TONNES.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR 2293 CONTRACTS.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1748 CONTRACTS) ACCOMPANYING THE GOOD SIZED GAIN IN COMEX OI (3928) //TOTAL GAIN FOR OUR THE TWO EXCHANGES: 5676 CONTRACTS. WE HAVE ( 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT ,2.) FAIR INITIAL STANDING AT THE GOLD COMEX FOR DEC. AT 44.914 TONNES FOLLOWED BY TODAY’S 43,810 OZ QUEUE JUMP + 4.634 TONNES EX. FOR RISK PRIOR//NEW STANDING 50.058TONNES / / 3) ZERO LONG LIQUIDATION AND CONSIDERABLE TAS LIQUIDATION WITH SOME SHORT LIQUIDATION (COVERING) 4) GOOD SIZED COMEX OPEN INTEREST GAIN/ 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///6: FAIR T.A.S. ISSUANCE: 2293 CONTRACTS
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