by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN $3.80 TO $1661.40//SILVER CLOSED UP AGAIN BY 3 CENTS TO $19.53//PLATINUM IS UP $10.60 TO $964.10//PALLADIUM IS DOWN $13.35 TO $1944.50//COVID UPDATES//DR PAUL ALEXANDER//VACCINE IMPACT//ECB RELUCTANTLY RAISES ITS INTEREST RATE BY .75% AND YET THE EURO AND POUND FALL//CREDIT SUISSE IN BIG TROUBLE AS THEY CONTEMPLATE A RESTRUCTURING(BANKRUPTCY PROTECTION) AND PLAN ON LAYING OFF 9,000//ANNOUNCED THAT THEY WERE HAVING YOUR OLD FASHIONED BANK RUN!!//IN THE USA POLLSTER 538 (THESE GUYS AND TRAFALGAR ARE THE ONLY ONES YOU PAY ATTENTION TO) SHOWS THE DEMOCRATS IN A DEEP DECLINE//IMPORTANT LETTER TO POWER FROM SENATOR BROWN DEMANDING THAT POWELL PIVOTS CAUSES STOCK MARKETS TO RISE//RAIL: SIGNALMEN REJECT BIDEN’S PRELIMINARY SETTLEMENT AND THAT MAY CAUSE A WALKOUT SHORTLY//TWITTER: MUSK WILL NO DOUBT TAKE OVER THE COMPANY TOMORROW AND THEN THE COMPANY IS DELISTED
TRUTH LIVES on at https://sgtreport.tv/
GOLD PRICE CLOSE: DOWN $3.80 to $1661.40
SILVER PRICE CLOSE: UP $0.03 to $19.53
Access prices: closes : 4: 15 PM
Gold ACCESS CLOSE 1661.30
Silver ACCESS CLOSE: 19.51
New: early yesterday morning//
Bitcoin morning price: $20,727 UP 73
Bitcoin: afternoon price: $20,646 DOWN 8
Platinum price closing UP $10.60 AT $964.10
Palladium price; closing DOWN $13.35 at $1944.90
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: 2255.30 DOLLARS DOWN 4.13 CDN DOLLARS PER OZ
BRITISH GOLD: 1436.82 POUNDS PER OZ UP15.40 POUNDS PER OZ
EURO GOLD: 1667.47EUROS PER OZ UP 15.40 EUROS PER OZ.
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: OCTOBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,664.000000000 USD
INTENT DATE: 10/26/2022 DELIVERY DATE: 10/28/2022
FIRM ORG FIRM NAME ISSUED STOPPED
323 C HSBC 1
435 H SCOTIA CAPITAL 1
657 C MORGAN STANLEY 2
880 H CITIGROUP 2
TOTAL: 3 3
MONTH TO DATE: 23,394
JPMORGAN STOPPED 0/3
GOLD: NUMBER OF NOTICES FILED FOR OCT CONTRACT: 3 NOTICES FOR 300 OZ or 0.00933 TONNES
total notices so far: 23,394 contracts for 2,339,400 oz (72.765 tonnes)
SILVER NOTICES: 233 NOTICE(S) FILED FOR 1,165000 OZ/
total number of notices filed so far this month 689 : for 3,445,000 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 $3.80
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: /////NO CHANGE IN GLD INVENTORY /INVENTORY REMAINS AT 928.39 TONNES
INVENTORY RESTS AT 928.39 TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER UP 3 CENTS
AT THE SLV// :/BIG CHANGES IN SILVER INVENTORY AT THE SLV//: A HUGE WITHDRAWAL OF 2.579 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 484.091 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A STRONG SIZED 742 CONTRACTS TO 139,827 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 SMALL $0.13 GAIN IN SILVER PRICING AT THE COMEX ON WEDNESDAY. OUR BANKERS/HFT WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.13)., AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPEC LONGS, AS WE HAD A VERY STRONG GAIN IN OUR TWO EXCHANGE OF 897 CONTRACTS. HUGE 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 STRONG SHORT ADDITIONS ////CONTINUED BANKER OI COMEX ADDITIONS /// CONSIDERABLE NEWBIE SPEC LONG ADDITIONS. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.580 MILLION OZ FOLLOWING AN120,000 OZ QUEUE. JUMP / // V) STRONG SIZED COMEX OI GAIN/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: –286
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 21 days, total 57,070 contracts: 28.535 million oz OR 1.358MILLION OZ PER DAY. (271 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 28.535 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. 28.535 MILLION OZ INITIAL
RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 742WITH OUR $0.13 GAIN IN SILVER PRICING AT THE COMEX// WEDNESDAY.,. THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE CONTRACTS: 565 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 120,000 QUEUE JUMP .. WE HAD A VERY STRONG SIZED GAIN OF 1391 OI CONTRACTS ON THE TWO EXCHANGES FOR 6.955 MILLION OZ..
WE HAD 233 NOTICE(S) FILED TODAY FOR 1,165,000 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 FAIR SIZED 1657 CONTRACTS TO 457,729 AND CLOSER TO FROM 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 -642 CONTRACTS.
.
THE FAIR SIZED INCREASE IN COMEX OI CAME WITH OUR STRONG GAIN IN PRICE OF $9.25//COMEX GOLD TRADING/WEDNESDAY // ZERO SPECULATOR SHORT COVERINGS ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE./. WE HAD ZERO LONG LIQUIDATION AND CONSIDERABLE SPEC SHORT ADDITIONS BUT MINOR SPEC SHORT COVERINGS. // 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 SMALL EFP JUMP TO LONDON OF 3400 OZ//NEW STANDING 76.111TONNES (QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)
YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $9.25 WITH RESPECT TO TUESDAY’S TRADING
WE HAD A FAIR SIZED GAIN OF 2913 OI CONTRACTS 9.06 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 1256 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 457,729
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2913 CONTRACTS WITH 1657 CONTRACTS INCREASED AT THE COMEX AND 1256 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 2913 CONTRACTS OR 9.06 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1256) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI (1657): TOTAL GAIN IN THE TWO EXCHANGES 2913 CONTRACTS. WE NO DOUBT HAD 1) STRONG SPECULATOR SHORT ADDITIONS// CONTINUED GOOD BANKER ADDITIONS/// MINOR SPEC SHORT COVERINGS// SOME NEWBIE SPEC ADDITIONS ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR OCT. AT 66.099 TONNES FOLLOWED BY TODAY’S 3400 OZ E.F.P JUMP TO LONDON ///NEW STANDING 76.111 TONNES//. 3) ZERO LONG LIQUIDATION //// //.,4) FAIR SIZED COMEX OPEN INTEREST GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL/
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY
OCT
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF OCT. :
49,530 CONTRACTS OR 4,953,000 OZ OR 154.05 TONNES 21 TRADING DAY(S) AND THUS AVERAGING: 2358 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 21 TRADING DAY(S) IN TONNES: 154.05 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 154.05/3550 x 100% TONNES 4.33% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2022
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
JULY: 378.43 TONNES FINAL
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 154.55 TONNES INITIAL ( MUCH SMALLER THAN LAST MONTH)
SPREADING OPERATIONS
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW NON ACTIVE FRONT MONTH OF NOV. WE ARE NOW INTO THE SPREADING OPERATION OF BOTH SILVER AND GOLD (WILL BE SMALL AS SPREADERS DO NOT PAY ATTENTION TO NOVEMBER)
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF OCT HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF NOV., FOR BOTH GOLD AND SILVER:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (NOV), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
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