Harvey Organ: HUGE Trading Volume In Silver, EXPECT MASSIVE MARGIN CALLS
With silver up $0.74 on the day, Harvey has an important update on what's happening with gold & silver on the COMEX...
by Harvey Organ of Harvey Organ Blog
GOLD:$1503.00 UP $31.00(COMEX TO COMEX CLOSING
Silver: $17.18 UP 74 CENTS (COMEX TO COMEX CLOSING)/
Closing access prices:
Gold : $1501.65
silver: $17.11
today, gold broke through $1500.00 and silver sliced through $17.00 with reckless abandon.Expect massive margin calls issued tonight to take effect tomorrow to those who are short the metals.do not worry about the prices falling in the access market..we have very little counterparties. The real action will begin at 9 pm tonight through 3 am estand then when comex opens for trading at 8:20 amwe are coming very close to a commercial failure!!
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING 7/19
EXCHANGE: COMEXCONTRACT: AUGUST 2019 COMEX 100 GOLD FUTURESSETTLEMENT: 1,472.400000000 USDINTENT DATE: 08/06/2019 DELIVERY DATE: 08/08/2019FIRM ORG FIRM NAME ISSUED STOPPED____________________________________________________________________________________________118 H MACQUARIE FUT 4661 C JP MORGAN 3 7686 C INTL FCSTONE 6690 C ABN AMRO 3737 C ADVANTAGE 6 2800 C MAREX SPEC 1880 H CITIGROUP 6____________________________________________________________________________________________
TOTAL: 19 19MONTH TO DATE: 4,400
NUMBER OF NOTICES FILED TODAY FOR JULY CONTRACT: 19 NOTICE(S) FOR 1900 OZ (0.0590 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 4400 NOTICES FOR 440,000 OZ (13.688 TONNES)
SILVER
FOR JULY
54 NOTICE(S) FILED TODAY FOR 270,000 OZ/
total number of notices filed so far this month: 1132 for 5,660,000 oz
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Bitcoin: OPENING MORNING TRADE : $ 11696 UP 216
Bitcoin: FINAL EVENING TRADE: $ 11799 UP 325
Let us have a look at the data for today
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IN SILVER THE COMEX OI ROSE BY A FAIR SIZED 856 CONTRACTS FROM 238,434 UP TO 239,290 WITHTHE 5 CENT GAIN IN SILVER PRICING AT THE COMEX.
TODAY WE ARRIVED CLOSER TO AUGUST'S 2018 RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.
WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP'S. WE WERE NOTIFIED THAT WE HAD A STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDONTHROUGH THE EFP:,
0 FOR JULY. 0 FOR AUGUST, 1113 FOR SEPT, AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1113 CONTRACTS. WITH THE TRANSFER OF 1113 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24-48 HRS IN THE ISSUING OF EFP'S. THE 1113 EFP CONTRACTS TRANSLATES INTO 5.56 MILLION OZ ACCOMPANYING:
1.THE 5 CENT GAIN IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST 12 MONTHS:
JUNE/2018. (5.420 MILLION OZ);
FOR JULY: 30.370 MILLION OZ
FOR AUG., 6.065 MILLION OZ
FOR SEPT. 39.505 MILLION OZ S
FOR OCT.2.525 MILLION OZ.
FOR NOV: A HUGE 7.440 MILLION OZ STANDING AND
21.925 MILLION OZ FINALLY STAND FOR DECEMBER.
5.845 MILLION OZ STAND IN JANUARY.
2.425 MILLION OZ STANDING FOR FEBRUARY.:
27.120 MILLION OZ STANDING IN MARCH.
3.875 MILLION OZ STANDING FOR SILVER IN APRIL.
18.845 MILLION OZ STANDING FOR SILVER IN MAY.
2.660 MILLION OZ STANDING FOR SILVER IN JUNE//
22.605 MILLION OZ INITIAL STANDING FOR JULY
7.425 MILLION OZ INITIAL STANDING IN AUGUST.
WE MUST HAVE HAD CONSIDERABLE COVERING OF SHORTS AT THE SILVER COMEX LAST NIGHT AND SOME SPREADING ACCUMULATION.
MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:
.
FOR NEWCOMERS, HERE IS THE MODUS OPERANDI OF THE CORRUPT BANKERS WITH RESPECT TO THEIR SPREAD/TRADING.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:
"AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO SILVER AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.
HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF AUGUST HEADING TOWARDS THE VERY ACTIVE DELIVERY MONTH OF SEPTEMBER FOR SILVER.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES, HERE IS THE BANKERS MODUS OPERANDI:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST IS STARTING TO RISE IN THIS NON ACTIVE MONTH OF AUGUST BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVERWILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (SEPT), 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."
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JULY:
7368 CONTRACTS (FOR 5 TRADING DAYS TOTAL 7368 CONTRACTS) OR 36.84 MILLION OZ: (AVERAGE PER DAY: 1473 CONTRACTS OR 7.368 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF JULY: 36.84 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 5.63% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)* JUNE'S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP'S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.
ACCUMULATION IN YEAR 2019 TO DATE SILVER EFP'S: 1364.16 MILLION OZ.
JANUARY 2019 EFP TOTALS: 217.455. MILLION OZ
FEB 2019 TOTALS: 147.4 MILLION OZ/
MARCH 2019 TOTAL EFP ISSUANCE: 207.835 MILLION OZ
APRIL 2019 TOTAL EFP ISSUANCE: 182.87 MILLION OZ.
MAY 2019: TOTAL EFP ISSUANCE: 136.55 MILLION OZ
JUNE 2019 , TOTAL EFP ISSUANCE: 265.38 MILLION OZ
JULY 2019 TOTAL EFP ISSUANCE: 175.74 MILLION OZ
RESULT: WE HAD A FAIR SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 856, WITHTHE 5 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE OF 1113 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER (SEE COMEX DATA) .
TODAY WE GAINED A VERY STRONG SIZED: 1969 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 1113 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH INCREASE OF 856 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 5 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $16.44 WITH RESPECT TO YESTERDAY'S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY!!
In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.199 BILLION OZ TO BE EXACT or 171% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 54 NOTICE(S) FOR 270,000 OZ OF SILVER
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 243,411 CONTRACTS ON APRIL 9.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51.
AND NOW WE RECORD FOR POSTERITY ANOTHER ALL TIME RECORD OPEN INTEREST AT THE COMEX OF 244,196 CONTRACTS ON AUGUST 22/2018 AND AGAIN WHEN THIS RECORD WAS SET, THE PRICE OF SILVER WAS $14.78 AND LOWER IN PRICE THAN PREVIOUS RECORDS.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ MAY: 36.285 MILLION OZ ; JUNE/2018 (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ ) FOR AUGUST 6.065 MILLION OZ. , SEPT: A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ JANUARY AT 5.825 MILLION OZ.AND FEB 2019: 2.955 MILLION OZ/ MARCH: 27.120 MILLION OZ/ APRIL AT 3.875 MILLION OZ/ A MAY: 18.845 MILLION OZ..JUNE 2.660 MILLION OZ//JULY 22.605 MILLION OZ;AUGUST 7.425 MILLIONHUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018) AND NOW AUGUST 22/2018: 244,196 CONTRACTS, WITH A SILVER PRICE OF $14.78.HUGE ANNUAL EFP'S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLIONOZ/ AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZAND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)
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IN GOLD, THE COMEX OPEN INTEREST ROSE BY A TINY SIZED 485 CONTRACTS, TO 600,317 ACCOMPANYING THE $7.85 PRICING GAIN WITH RESPECT TO COMEX GOLD PRICING// YESTERDAY// /
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 4966 CONTRACTS: AUGUST 2019: 0 CONTRACTS, DEC> 4966 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 600,317,,. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP'S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.
IN ESSENCE WE HAVE A STRONG SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5451 CONTRACTS: 485 CONTRACTS INCREASED AT THE COMEX AND 4966 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 5451 CONTRACTS OR 545,100 OZ OR 5.620 TONNES. YESTERDAY WE HAD A GOOD GAIN OF $7.85 IN GOLD TRADING....AND WITH THAT GOOD GAIN IN PRICE, WE HAD A GOOD GAIN IN GOLD TONNAGE OF 5.62 TONNES!!!!!! THE BANKERS WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER DESPERATE TO CONTAIN THE PRICE RISE.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF AUGUST : 65,620 CONTRACTS OR 6,562,000 oz OR 224.51 TONNES (5 TRADING DAY AND THUS AVERAGING: 13,124 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 5 TRADING DAY IN TONNES: 224.51 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 224.51/3550 x 100% TONNES =6.32% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP'S YEAR 2019 TO DATE: 3715.35 TONNES
JANUARY 2019 TOTAL EFP ISSUANCE; 531.20 TONNES
FEB 2019 TOTAL EFP ISSUANCE: 344.36 TONNES
MARCH 2019 TOTAL EFP ISSUANCE: 497.16 TONNES
APRIL 2019 TOTAL ISSUANCE: 456.10 TONNES
MAY 2019 TOTAL ISSUANCE: 449.10 TONNES
JUNE 2019 TOTAL ISSUANCE: 642.22 TONNES
JULY 2019: TOTAL ISSUANCE: 591.56 TONNES
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP'S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP'S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
Result: A TINY SIZED INCREASE IN OI AT THE COMEX OF 485 WITH THE PRICING GAIN THAT GOLD UNDERTOOK YESTERDAY($7.85)) //.WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 4,966 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP'S...THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 4966 EFP CONTRACTS ISSUED, WE HAD A STRONG SIZED GAIN OF 5451 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
4966 CONTRACTS MOVE TO LONDON AND 485 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 5.620 TONNES). ..AND THIS HUGE INCREASE OF DEMAND OCCURRED WITH THE GAIN IN PRICE OF $7.85 WITH RESPECT TO YESTERDAY'S TRADING AT THE COMEX. WE HAVE NOW STOPPED WITH SPREADING LIQUIDATION OF GOLD OI CONTRACTS AND COMMENCED WITH SILVER SPREADER OI ACCUMULATION.
we had: 19 notice(s) filed upon for 1900 oz of gold at the comex.
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With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD UP $31.00 TODAY//(COMEX-TO COMEX)
a deposit of: 1.86 tonnes
INVENTORY RESTS AT 836.92 TONNES
TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD. IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY
SLV/
WITH SILVER UP 74 CENTS TODAY:
NO CHANGE IN SILVER INVENTORY AT THE SLV
/INVENTORY RESTS AT 361.907 MILLION OZ.
Let us head over to the comex:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A TINY SIZED 485 CONTRACTS TO A LEVEL OF 600,317 ACCOMPANYING THE HUGE GAIN OF $7.85 IN GOLD PRICING WITH RESPECT TOYESTERDAY'S // COMEX TRADING)
WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF JULY.. THE CME REPORTS THAT THE BANKERS ISSUED STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 4966 EFP CONTRACTS WERE ISSUED:
FOR AUGUST; 0 CONTRACTS: DEC: 4966 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 4966 CONTRACTS.
THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS. ALSO REMEMBER THAT THERE IS NO DOUBT A HUGE DELAY IN THE ISSUANCE OF EFP'S AND IT PROBABLY TAKES AT LEAST 48 HRS AFTER OUR LONGS GIVE UP THEIR COMEX CONTRACTS FOR THEM TO RECEIVE THEIR EFP'S AS THEY ARE NEGOTIATING THIS CONTRACT WITH THE BANKS FOR A FIAT BONUS PLUS THEIR TRANSFER TO A LONDON BASED FORWARD.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES:5451 TOTAL CONTRACTS IN THAT 4966 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A TINY SIZED 485 COMEX CONTRACTS. THE BANKERS SUPPLIED THE NECESSARY AND INFINITE AMOUNT OF SHORT PAPER IN GOLD TO CONTAIN THE PRICE RISE.
NET GAIN ON THE TWO EXCHANGES :: 5451 CONTRACTS OR 545100 OZ OR 5.62 TONNES.
We are now in the active contract month of AUGUST and here the open interest stands at 2754 CONTRACTS as we LOST 144 contract. We had 92 notices filed yesterday so we LOST 52 contracts or 5200 oz of gold that will NOT stand for delivery AS THERE APPEARS TO BE A LACK OF METAL ON THIS SIDE OF THE POND. THESE GUYS HAVE MORPHED INTO LONDON BASED FORWARDS AND WILL TRY THEIR LACK OVER THERE.
The next non active month is September and here the OI FELL by 150 contracts UP TO 4190. The next active delivery month is October and here the OI ROSE by 575 contracts UP to 45,450.
TODAY'S NOTICES FILED:
WE HAD 19 NOTICES FILED TODAY AT THE COMEX FOR 1900 OZ. (0.0590 TONNES)
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And now for the wild silver comex results.
Total COMEX silver OI ROSE BY A FAIR SIZED 856 CONTRACTS FROM 238,434 UP TO 239,290 (AND CLOSER TO THE NEW RECORD OI FOR SILVER SET ON AUGUST 22.2018. THE PREVIOUS RECORD WAS SET APRIL 9.2018/ 243,411 CONTRACTS) AND TODAY'S CONSIDERABLE OI COMEX GAIN OCCURRED WITH A 5 CENT GAIN IN PRICING.//YESTERDAY.
WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF AUGUST. HERE WE HAVE 407 OPEN INTEREST STAND FOR DELIVERY WITH A LOSS OF 7 CONTRACTS. WE HAD 61 NOTICES FILED YESTERDAY SO WE GAINED A FULL 54 CONTRACTS OR AN ADDITIONAL 270,000 OZ OF SILVER WILL STAND AT THE COMEX.... AND THESE GUYS REFUSED TO MORPH INTO A LONDON BASED FORWARD AS WELL AS NEGATING A FIAT BONUS. LET US WAIT AND SEE IF THEY ARE SUCCESSFUL IN OBTAINING PHYSICAL METAL ON THIS SIDE OF THE POND.. THE NEXT BIG ACTIVE DELIVERY MONTH AFTER AUGUST IS SEPT AND HERE THE OI FELL BY 1943 CONTRACTS DOWN TO 152,073 CONTRACTS. OCTOBER RECEIVED ANOTHER 13 CONTRACTS TO STAND AT 68. NEXT ACTIVE DELIVERY MONTH IS DECEMBER AND HERE THE OI RISES BY 2473 CONTRACTS UP TO 54,864.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 54 notice(s) filed for 270,000 OZ for the AUGUST, 2019 COMEX contract for silver
Trading Volumes on the COMEX TODAY: 625,347 CONTRACTS huge vol. today
CONFIRMED COMEX VOL. FOR YESTERDAY: 404,051 contracts
INITIAL standings for AUGUST/GOLD
AUGUST 7/2019
we had 0 dealer entry:
We had 1 kilobar entries
total dealer deposits: nil oz
total dealer withdrawals: nil oz
we had 0 deposit into the customer account
i) Into JPMorgan: nil oz
ii ) Into everybody else: 0
i
total gold deposits: nil oz
very little gold arrives from outside/
TODAY: no amount arrived
we had 1 gold withdrawal from the customer account:
i)Out of Scotia 321.50 oz10 kilobars
total gold withdrawals; 321.50 oz
i) we had 0 adjustment todayFOR THE AUGUST 2019 CONTRACT MONTH)Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 19 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 7 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account and 0 notices by the squid (Goldman Sachs)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the INITIAL total number of gold ounces standing for the AUGUST /2019. contract month, we take the total number of notices filed so far for the month (4400) x 100 oz , to which we add the difference between the open interest for the front month of AUGUST. (2754 contract) minus the number of notices served upon today (19 x 100 oz per contract) equals 713,500 OZ OR 22.192 TONNES)the number of ounces standing in this active month of AUGUST
Thus the INITIAL standings for gold for the AUGUST/2019 contract month:
No of notices served (4400 x 100 oz) + (2743)OI for the front month minus the number of notices served upon today (19 x 100 oz )which equals 713,500 oz standing OR 22.192 TONNES in this active delivery month of AUGUST.
We LOST 52 contracts or an additional 5200 oz will NOT stand as these guys morphed into London based forwards as well as accepting a fiat bonus. THERE IS NO GOLD ON THIS SIDE OF THE POND,..
SURPRISINGLY LITTLE TO NO GOLD HAS BEEN ENTERING THE COMEX VAULTS AND WE HAVE WITNESSED THIS FOR THE PAST YEAR!! WE HAVE ONLY 16.013 TONNES OF REGISTERED ( GOLD OFFERED FOR SALE) VS 22.192 TONNES OF GOLD STANDING// JUDGING BY THE STRONG SIZE OF THE COMEX NOTICES FILED TODAY, IT LOOKS LIKE SOMEBODY IS WILLING TO TAKE ON THE CROOKS AT THE COMEX. WE ALSO HAD SOME BANKER SHORT COVERING.
total registered or dealer gold: 514,823.353 oz or 16.013 tonnestotal registered and eligible (customer) gold; 7,782,115.992 oz 242.05 tonnes
IN THE LAST 34 MONTHS 115 NET TONNES HAS LEFT THE COMEX.
THE GOLD COMEX IS NOW IN STRESS AS1. GOLD IS LEAVING THE COMEX 2. GOLD IS LEAVING THE REGISTERED CATEGORY OF THE COMEX.
end
And now for silver
AND NOW THE DELIVERY MONTH OF AUGUST
INITIAL standings/SILVER
IN TOTAL CONTRAST TO GOLD, HUGE ACTIVITY IN SILVER TODAY.AUGUST 7 2019
**
we had 0 inventory movement at the dealer side of things
total dealer deposits: nil oz
total dealer withdrawals: nil oz
we had 0 deposits into the customer account
into JPMorgan: nil oz
ii)into everybody else: 0
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 153.4 million oz of total silver inventory or 50.36% of all official comex silver. (153.4 million/304.6 million
total customer deposits today: nil oz
we had 2 withdrawals out of the customer account:
i) Out of CNT: 598,426.326 oz
ii) Out of Delaware: 4853.109 oz
total 603,279.435 oz
we had 1 adjustment :
i) Out of Brinks: 591,250.900 oz was adjusted out of the customer account of brinks and this landed into the dealer account of Brinks
total dealer silver: 91.363 million
total dealer + customer silver: 310.312 million oz
The total number of notices filed today for the AUGUST 2019. contract month is represented by 54 contract(s) FOR 270,000 oz
To calculate the number of silver ounces that will stand for delivery in AUGUST, we take the total number of notices filed for the month so far at 1132 x 5,000 oz = 5,660,000 oz to which we add the difference between the open interest for the front month of AUGUST. (407) and the number of notices served upon today 54 x (5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the AUGUST/2019 contract month: 1132 (notices served so far) x 5000 oz + OI for front month of AUGUST (407)- number of notices served upon today (54)x 5000 oz equals 7,425,000 oz of silver standing for the AUGUST contract month.
WE GAINED A STRONG 54 CONTRACTS AS THE DEALERS BYPASSED THOSE STANDING TRYING TO GRAB WHATEVER SILVER THEY CAN. WE THUS HAVE AN ADDITIONAL 54 CONTRACTS OR 270,000 ADDITIONAL OZ STAND FOR DELIVERY ON THIS SIDE OF THE POND. THESE GUYS REFUSED AN OFFER FROM THE BANKERS TO ROLL TO A LONDON BASED FORWARD AND THEY ALSO NEGATED A FIAT BONUS FOR NOT ACCEPTING THIS CROOKED CONTRACT.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 54 notice(s) filed for 270,000 OZ for the AUGUST, 2019 COMEX contract for silver
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 54 notice(s) filed for 270,000 OZ for the AUGUST, 2019 COMEX contract for silver
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TODAY'S ESTIMATED SILVER VOLUME: 179,558 CONTRACTS (we must have had considerable spreading activity..accumulation
CONFIRMED VOLUME FOR YESTERDAY: 84,366 CONTRACTS..
YESTERDAY'S CONFIRMED VOLUME OF 84366 CONTRACTS EQUATES to 421 million OZ 60.3% OF ANNUAL GLOBAL PRODUCTION OF SILVER..makes sense!!
COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42The previous record was 224,540 contracts with the price at that time of $20.44
end
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NPV for Sprott
1. Sprott silver fund (PSLV): NAV FALLS TO -2.35% ((AUGUST 7/2019)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -1.97% to NAV (AUGUST 7/2019 )
Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 14.90 TRADING 14.40/DISCOUNT 3.34
END
And now the Gold inventory at the GLD/
August 7/ WITH GOLD UP $31.00//A GOOD PAPER DEPOSIT OF 1.86 TONNES OF GOLD INTO THE GLD INVENTORY//INVENTORY RESTS AT 836.92 TONNES
AUGUST 6.2019: WITH GOLD UP $7.85 A STRONG DEPOSIT OF 4.50 TONNES OF PAPER GOLD INTO THE GLD LATE LAST NIGHT/INVENTORY RESTS AT 835.16 TONNES
AUGUST 5/2019//WITH GOLD UP $18.80/A STRONG DEPOSIT OF 2.94 TONNES OF PAPER GOLD INTO THE GLD/INVENTORY RESTS AT 830.76 TONNES.
AUGUST 2/2019: WITH GOLD UP $25.20: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 827.82 TONNES
AUGUST 1/2019: WITH GOLD DOWN $4.90 TODAY: TWO TRANSACTIONS: i) A PAPER WITHDRAWAL OF 1.47 TONNES (USED IN THE RAID THIS MORNING)/ and ii) A PAPER DEPOSIT OF 4.40 TONNES THIS AFTERNOON!/INVENTORY RISE TO 827.82 TONNES
JULY 31/WITH GOLD DOWN 3.90 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 824.89 TONNES
JULY 30//WITH GOLD UP $9.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 824.89 TONNES
JULY 29/WITH GOLD UP $1.00: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER DEPOSIT OF 6.75 TONNES INTO THE GLD INVENTORY///INVENTORY RISES TO 824.89 TONNES
JULY 26/WITH GOLD UP $4.50: A HUGE INVENTORY WITHDRAWAL OF 4.09 TONNES OF PAPER GOLD LEAVES THE GLD/INVENTORY RESTS AT 818.14 TONNES
JULY 25.2019: WITH SILVER DOWN 19 CENTS: ANOTHER PAPER WITHDRAWAL OF 1.17 MILLION OZ/INVENTORY REST AT 358.213 MILLION OZ
JULY 24...A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A GAIN OF 1.685 MILLION OZ/INVENTORY RESTS AT 359.383 MILLION OZ
JULY 23/2019: WITH SILVER UP 5 CENTS TODAY: ANOTHER BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.221 MILLION PAPER OZ ADDED INTO THE GLD INVENTORY//INVENTORY RESTS AT 357.698 MILLION OZ////
JULY 22.2019/WITH SILVER UP 21 CENTS TODAY: A MASSIVE CHANGES IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 8.939 MILLION OZ ADDED TO THE SLV INVENTORY/INVENTORY RESTS AT 355.919 MILLION OZ//
JULY 19/WITH GOLD DOWN $1.00: A MASSIVE DEPOSIT OF 11.44 TONNES OF PAPER GOLD INTO THE GLD/INVENTORY RESTS AT 814.62
JULY 18/WITH GOLD UP $5.55 TODAY: A BIG PAPER DEPOSIT OF 3.81 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 803.18 TONNES
JULY 17/WITH GOLD UP $11.35 TODAY: A BIG WITHDRAWAL OF 1.17 TONNES FROM THE GLD//INVENTORY RESTS AT 799.37 TONNES
JULY 16: WITH GOLD DOWN $2.15 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.54 TONNES
JULY 15: WITH GOLD UP $1.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.54 TONNES
JULY 12/WITH GOLD UP $5.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.54 TONNES
JULY 11.WITH GOLD DOWN $5.25: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.54 TONNES
JULY 10//WITH GOLD UP $11.65 A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER GOLD DEPOSIT OF 6.46 TONNES/INVENTORY RESTS AT 800.54 TONNES
JULY 9/WITH GOLD UP 70 CENTS, A HUGE PAPER WITHDRAWAL OF 2.89 TONNES WHICH WAS USED IN THE FUTILE RAID ON GOLD AND SILVER THIS MORNING//INVENTORY RESTS AT 794.08 TONNES
JULY 8/ WITH GOLD DOWN 35 CENTS A HUGE WITHDRAWAL OF 1.47 TONNES FROM THE GLD/INVENTORY FALLS TO 796.97 TONNES
JULY 5TH/WITH GOLD DOWN $19.50/NO CHANGES IN GOLD INVENTORY AT THE GLD//INV RESTS AT 798.44 TONNES
JULY 3// WITH GOLD UP $12.60 TODAY A SURPRISE WITHDRAWAL OF 1.76 TONNES FROM THE GLD//INVENTORY RESTS AT 798.44
JULY 2. WITH GOLD UP $18.90 A HUGE "PAPER" DEPOSIT OF 6.16 TONNES INTO THE GLD/INVENTORY RESTS AT 800.20 TONNES
JULY 1: WITH GOLD DOWN $24.70 A HUGE "PAPER GOLD" WITHDRAWAL OF 1.76 TONNES FROM THE GLD/INVENTORY RESTS TONIGHT AT 794.04 TONNES
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AUGUST 7/2019/ Inventory rests tonight at 836.92 tonnes
*IN LAST 637 TRADING DAYS: 98.48 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 537 TRADING DAYS: A NET 68.06 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.
end