CENTRAL BANKS CONTINUE TO GORGE ON PHYSICAL GOLD ACCUMULATION

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by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN $6.15 TO $1979.35 WHILE SILVER CLOSED DOWN 11 CENTS TO $22.73 AS THE SPECS ADD MASSIVELY TO THEIR SHORT POSITION AND CENTRAL BANKS TAKE THE BUY SIDE AND THEN TAKING DELIVERY ESPECIALLY GOLD (800 TONNES THIS QUARTER//PLATINUM CLOSED DOWN $8.90 TO $924.95 WHILE PALLADIUM CLOSED DOWN $20.35 TO $1107.65//ROBERT LAMBOURNE REPORTS ON THE BIS GOLD SWAPS WITH THE FED LOWERING ITS SHORTFALL IN SEPT DOWN TO 96 TONNES..STILL A LONG WAY TO GO//CENTRAL BANKS CONTINUE TO GORGE ON PHYSICAL GOLD ACCUMULATION//GOLD COMMENTARY TODAY FROM PETER SCHIFF/EPOCH TIMES PROVIDES AN EXCELLENT COMMENTARY ON THE DETERORIATING HEALTH OF THE CHINESE ECONOMY//PALESTINIAN THROW RATS INTO MACDONALDS//ISRAEL VS HAMAS: ISRAEL NOW CONTROLS THE NORTH SECTOR OF HAMAS WITH THEIR TANKS AS WELL AS NORTH SOUTH ROADS BUT WITH 15 CASUALTIES//STARVING YEMEN DECLARES WAR ON ISRAEL//NEW DATA RELEASED BY THE USA SUGGESTS THAT THEY ARE IN THE MIDST OF STAGFLATION//ADP REPORT AND JOLTS REPORT//SUBPRIME AUTO LOANS SKYROCKET AND IT LOOKS LIKE WE WORK WILL FINALLY SUCCUMB

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

Access prices: closes 4: 15 PM

Gold ACCESS CLOSE 1978.50

Silver ACCESS CLOSE: 22.86

Shanghai Gold Benchmark Price

OCT 31

 

USD  oz

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Historical SGE Fix

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Bitcoin morning price:, 34,386  DOWN 12 DOLLARS

Bitcoin: afternoon price: $34,556 UP 158. dollars

 

Platinum price closing  $924.95 DOWN  $8.90

Palladium price;     $1107.65 DOWN $20.25

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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

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EXCHANGE: COMEX
CONTRACT: NOVEMBER 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,985.200000000 USD
INTENT DATE: 10/31/2023 DELIVERY DATE: 11/02/2023
FIRM ORG FIRM NAME ISSUED STOPPED


363 H WELLS FARGO SEC 15
624 H BOFA SECURITIES 29
661 C JP MORGAN 8
686 C STONEX FINANCIA 3
732 C RBC CAP MARKETS 4
737 C ADVANTAGE 74 23


TOTAL: 78 78
MONTH TO DATE: 1,389

JPMorgan stopped 8/78 contracts.

FOR NOV.:

FOR  NOV:

total number of notices filed so far this month : 231 for 1,155,000 oz

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BOTH GLD AND SLV ARE FRAUDULENT VEHICLES

WITH GOLD DOWN $6.15//

INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD/ : / NO CHANGES IN GOLD INVENTORY AT THE GLD:

SLV//

WITH NO SILVER AROUND AND SILVER DOWN 11  CENTS  AT  THE SLV// BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 916,000 OZ

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY STRONG  SIZED 678 CONTRACTS TO 126,549 AND FURTHER FROM  THE  RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS STRONG SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR HUGE   $0.41 LOSS  IN SILVER PRICING AT THE COMEX ON TUESDAY. WE HAD SOME  SPEC SHORT COVERING EPISODE IN TUESDAY’S COMEX TRADING.. TAS ISSUANCE WAS A HUMONGOUS SIZED 988 CONTRACTS. 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: 988 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 SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.41). BUT WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS AS WE HAD A SMALL SIZED GAIN OF 144  OI CONTRACTS ON OUR TWO EXCHANGES AS THE SPEC SHORTS  TRIED AGAIN DESPERATELY TO COVER THEIR SHORTFALLS WITH LITTLE SUCCESS.

WE  MUST HAVE HAD:

A  FAIR  ISSUANCE OF EXCHANGE FOR PHYSICALS( 300 CONTRACTS FOR NIL OZ) iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.430 MILLION OZ (FIRST DAY NOTICE)  FOLLOWED BY TODAY’S 195,000 OZ QUEUE JUMP  +

//NEW STANDING IS THUS 1.625 MILLION OZ

//STRONG SIZED COMEX OI GAIN/ FAIR SIZED EFP ISSUANCE/VI)    HUMONGOUS SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 988 CONTRACTS)/

TOTAL CONTRACTS for 1 days, total 300 contracts:   OR 1.5 MILLION OZ  (300 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  1.5 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

 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

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.  1.5 MILLION OZ

RESULT: WE HAD A SMALL SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 678  CONTRACTS DESPITE OUR HUGE LOSS  IN PRICE OF  $0.41 IN SILVER PRICING AT THE COMEX//TUESDAY.,.  THE CME NOTIFIED US THAT WE HAD A FAIR 300  EFP ISSUANCE  CONTRACTS: 988  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 SMALL INITIAL SILVER OZ STANDING FOR SEPT OF  1.432 MILLION  OZ FOLLOWED BY TODAY’S 195,000 OZ QUEUE JUMP

NEW STANDING 1.625,000 OZ///  /// WE HAVE A FAIR SIZED LOSS OF 378 OI CONTRACTS ON THE TWO EXCHANGES. THE TOTAL OF TAS INITIATED CONTRACTS TODAY:  A  HUMONGOUS SIZED 988 CONTRACTS//SOME FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED  DURING THE TUESDAY COMEX SESSION.   THE NEW TAS ISSUANCE TUESDAY NIGHT A HUGE (988) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE., .

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