Harvey Organ: We're Out Of The Liquidation Phase For Gold, Into The Accumulation Phase For Silver
Those standing for delivery are getting bypassed by dealers desperate for whatever silver they can get their hands on. Here's why...
by Harvey Organ of Harvey Organ Blog
AUGUST 1/WHAT A DAY!!//GOLD AND SILVER REVERSE ON TRUMP TARIFFS ON CHINA!//GOLD DOWN $4.95 TO $1420.50 (COMEX TO COMEX) AND SILVER IS DOWN 23 CENTS TO $16.17//IN ACCESS MARKET TRADING: GOLD LAST AT $1443//SILVER AT $/CHINA THREATENING TO INVADE NOT ONLY HONG KONG BUT MAYBE TAIWAN?//MORE SWAMP STORIES FOR YOU TONIGHT//
GOLD:$1420.50 DOWN $4.90(COMEX TO COMEX CLOSING)
Silver: $16.17 DOWN 23 CENTS (COMEX TO COMEX CLOSING)//
Closing access prices:
Gold : $1445.10
silver: $16.36
It is a rare day to see gold and silver whacked and then suddenly reverse to go green. This is called an outside upside reversal. Very rare to see this in the precious metals.
Tomorrow is non farm payrolls and let us see if the crooks try and whack again. Lately they have had their fingers burnt to a crisp.
YOUR DATA...
COMEX DATA
we are coming very close to a commercial failure!!
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING 952/2773
EXCHANGE: COMEXCONTRACT: AUGUST 2019 COMEX 100 GOLD FUTURESSETTLEMENT: 1,426.100000000 USDINTENT DATE: 07/31/2019 DELIVERY DATE: 08/02/2019FIRM ORG FIRM NAME ISSUED STOPPED____________________________________________________________________________________________118 H MACQUARIE FUT 88132 C SG AMERICAS 18323 H HSBC 2301657 C MORGAN STANLEY 3661 C JP MORGAN 373 952685 C RJ OBRIEN 1686 C INTL FCSTONE 12 58690 C ABN AMRO 24 484737 C ADVANTAGE 14 59800 C MAREX SPEC 4 25880 H CITIGROUP 1093905 C ADM 24 13____________________________________________________________________________________________
TOTAL: 2,773 2,773MONTH TO DATE: 3,573
NUMBER OF NOTICES FILED TODAY FOR JULY CONTRACT: 2773 NOTICE(S) FOR 2773 OZ (8.625 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 3573 NOTICES FOR 357,300 OZ (11.11 TONNES)
SILVER
FOR AUGUST
188 NOTICE(S) FILED TODAY FOR 940,000 OZ/
total number of notices filed so far this month: 885 for 4,425,000 oz
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Bitcoin: OPENING MORNING TRADE : $ 9880 DOWN 200
Bitcoin: FINAL EVENING TRADE: $ 10252 UP 170
Let us have a look at the data for today
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IN SILVER THE COMEX OI FELL BY A CONSIDERABLE SIZED 2833 CONTRACTS FROM 239,059 DOWN TO 236,226 WITH THE 14 CENT LOSS IN SILVER PRICING AT THE COMEX. THE BANKERS COVERED SOME OF THEIR SHORTS.
TODAY WE ARRIVED FURTHER FROM 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 HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,
0 FOR JULY. 0 FOR AUGUST, 938 FOR SEPT, AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 938 CONTRACTS. WITH THE TRANSFER OF 938 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 948 EFP CONTRACTS TRANSLATES INTO 4.69 MILLION OZ ACCOMPANYING:
1.THE 14 CENT LOSS 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.
2.955 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//
22.065 MILLION OZ INITIAL STANDING FOR JULY
WE HAD CONSIDERABLE COVERING OF SHORTS AT THE SILVER COMEX YESTERDAY
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JULY:
938 CONTRACTS (FOR 1 TRADING DAYS TOTAL 938 CONTRACTS) OR 4.69 MILLION OZ: (AVERAGE PER DAY: 938 CONTRACTS OR 4.69 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF JULY: 4.69 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 0.67%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: 1337.92 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 STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2833, WITH THE 14 CENT DROP IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE OF 938 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 LOST A CONSIDERABLE SIZED: 1895 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 938 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH DECREASE OF 2833 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 14 CENT LOSS IN PRICE OF SILVER AND A CLOSING PRICE OF $16.40 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. 1.182 BILLION OZ TO BE EXACT or 168% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 188 NOTICE(S) FOR 940,000 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: 6.250 MILLION OZ//HUGE 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 SMALL SIZED 786 CONTRACTS, TO 564,084 DESPITETHE $3.90 PRICING LOSS WITH RESPECT TO COMEX GOLD PRICING YESTERDAY// /THE SPREADING ACCUMULATION WILL NOW COMMENCE FOR SILVER..AS THE LIQUIDATION PHASE FOR COMEX OI GOLD HAS NOW STOPPED
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUMONGOUS SIZED 11,115 CONTRACTS: AUGUST 2019: 100 CONTRACTS, DEC> 11,015 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 564,084,. 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 VERY STRONG GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 11,901 CONTRACTS: 786 CONTRACTS INCREASED AT THE COMEX AND 11,115 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 11,901 CONTRACTS OR 1,190,100 OZ OR 37.01 TONNES. YESTERDAY WE HAD A LOSS OF $3.90 IN GOLD TRADING....AND WITH THAT LOSS IN PRICE, WE HAD A GIGANTIC GAIN IN GOLD TONNAGE OF 37.01 TONNES!!!!!! THE BANKERS WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER. WE ARE NOW OUT OF THE LIQUIDATION PHASE IN GOLD AS WE MORPH INTO THE ACCUMULATION PHASE FOR SILVER:
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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 SILVER 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 OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF AUGUST : 11,115 CONTRACTS OR 1,111,500 oz OR 34.57 TONNES (1 TRADING DAY AND THUS AVERAGING: 11,115 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 1 TRADING DAY IN TONNES: 34.57 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 34.57/3550 x 100% TONNES =0.97% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP'S YEAR 2019 TO DATE: 3545.74 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 SMALL SIZED INCREASE IN OI AT THE COMEX OF 786 DESPITE THE PRICING LOSS THAT GOLD UNDERTOOK YESTERDAY($3.90)) //.WE ALSO HAD A HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 11,115 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 11,115 EFP CONTRACTS ISSUED, WE HAD AN ATMOSPHERIC AND CRIMINALLY SIZED GAIN OF 11,191 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
11,115 CONTRACTS MOVE TO LONDON AND 786 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 37.01 TONNES). ..AND THIS HUGE INCREASE OF DEMAND OCCURRED ACCOMPANYING THE LOSS IN PRICE OF $3.90 WITH RESPECT TO YESTERDAY'S TRADING AT THE COMEX. WE HAVE NOW COMMENCED WITH SPREADING ACCUMULATION OF SILVER OI CONTRACTS AS WE HAVE ENTERED THE NON ACTIVE MONTH OF AUGUST.
we had: 2773 notice(s) filed upon for 277,300 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 DOWN $4.90 TODAY//(COMEX-TO COMEX)
TWO BIG CHANGES IN GOLD INVENTORY:
I) THIS MORNING: A PAPER WITHDRAWAL OF 1.47 TONNES OF GOLD WHICH WAS USED IN THE RAID EARLY THIS MORNING
II) THIS AFTERNOON: A PAPER DEPOSIT OF 4.40 TONNES OF GOLD!!
INVENTORY RESTS AT 827.82 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 DOWN 23 CENTS TODAY:
NO CHANGES IN SILVER INVENTORY AT THE SLV:
/INVENTORY RESTS AT 356.715 MILLION OZ.
Let us head over to the comex:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A STRONG SIZED 786 CONTRACTS TO A LEVEL OF 564,084 DESPITE THE LOSS OF $3.90 IN GOLD PRICING WITH RESPECT TO YESTERDAY'S // COMEX TRADING)
WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF JULY.. THE CME REPORTS THAT THE BANKERS ISSUED HUGE SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 11,115 EFP CONTRACTS WERE ISSUED:
FOR AUGUST; 100 CONTRACTS: DEC: 11,015 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 11,115 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:11,901 TOTAL CONTRACTS IN THAT 11,115 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A SMALL SIZED 786 COMEX CONTRACTS. THE BANKERS SUPPLIED THE NECESSARY AND INFINITE AMOUNT OF SHORT PAPER IN GOLD TO CONTAIN THE PRICE .
NET GAIN ON THE TWO EXCHANGES :: 11,901 CONTRACTS OR 1,190,100 OZ OR 37.01 TONNES.
We are now in the active contract month of AUGUST and here the open interest stands at 6551 CONTRACTS as we LOST 2149 contract. We had 800 notices filed yesterday so we LOST 1349 contracts or 134,900 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 45 contracts DOWN to 3618. The next active delivery month is October and here the OI rose by 973 contracts up to 44,063.
TODAY'S NOTICES FILED:
WE HAVE 2773 NOTICES FILED TODAY AT THE COMEX FOR 277,300 OZ. (8.625 TONNES)
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And now for the wild silver comex results.
Total COMEX silver OI FELL BY A CONSIDERABLE SIZED 2833 CONTRACTS FROM 239,059 DOWN TO 236,226 (AND FURTHER FROM 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 LOSS OCCURRED WITH A 14 CENT LOSS IN PRICING.//YESTERDAY.
WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF AUGUST. HERE WE HAVE 553 OPEN INTEREST STAND FOR DELIVERY WITH A LOSS OF 509 CONTRACTS. WE HAD 697 NOTICES FILED YESTERDAY SO WE GAINED A FULL 188 CONTRACTS OR AN ADDITIONAL 940,000 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 2076 CONTRACTS DOWN TO 156,977 CONTRACTS. OCTOBER RECEIVED ITS FIRST 13 CONTRACTS TO STAND AT 13. NEXT ACTIVE DELIVERY MONTH IS DECEMBER AND HERE THE OI RISES BY 194 CONTRACTS UP TO 48,801
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 188 notice(s) filed for 940,000 OZ for the AUGUST, 2019 COMEX contract for silver
Trading Volumes on the COMEX TODAY: 545,690 CONTRACTS
CONFIRMED COMEX VOL. FOR YESTERDAY: 563,298 contracts
INITIAL standings for AUGUST/GOLD
AUGUST 1/2019
we had 0 dealer entry:
We had 0 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
total gold deposits: nil oz
very little gold arrives from outside/
zero amount arrived today
we had 0 gold withdrawal from the customer account:
total gold withdrawals; nil oz
i) we had 2 adjustments today as they get ready for settlements;a) Out of Delaware; 1502.668 oz was adjusted out of the customer and this landed into the dealer account..ready for settlementb) Out of HSBC: 150,030.55 oz was adjusted out of the customer and this landed into the dealer account...ready for settlement
FOR THE AUGUST 2019 CONTRACT MONTH)Today, 0 notice(s) were issued from JPMorgan dealer account and 373 notices were issued from their client or customer account. The total of all issuance by all participants equates to 2773 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 952 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 (3573) x 100 oz , to which we add the difference between the open interest for the front month of AUGUST(6551 contracts) minus the number of notices served upon today (2773 x 100 oz per contract) equals 735,100 OZ OR 22.86 TONNES) the number of ounces standing in this active month of AUGUST
Thus the INITIAL standings for gold for the AUGUST/2019 contract month:
TOTAL No of notices served (3573 x 100 oz) + (6551)OI for the front month minus the number of notices served upon today (2773 x 100 oz which equals 735,100 oz standing OR 22.86 TONNES in this active delivery month of AUGUST.
We LOST 1349 contracts or an additional 134,900 oz will NOT stand as these guys morphed into London based forwards as well as accepting a fiat bonus.
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 22.86 TONNES OF GOLD STANDING// JUDGING BY THE HUGE SIZE OF THE COMEX NOTICES FILED TODAY, IT LOOKS LIKE SOMEBODY IS WILLING TO TAKE ON THE CROOKS AT THE COMEX
total registered or dealer gold: 514,823.353 oz or 16.013 tonnestotal registered and eligible (customer) gold; 7,783,669.632 oz 242.104 tonnes
IN THE LAST 33 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.
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
i)into JPMorgan: nil oz
ii)into everybody else: nil oz
*** 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 0 withdrawals out of the customer account:
total nil oz
we had 1 adjustment :
i) Out of Brinks: 54,728.120 oz was adjusted out of the dealer account of brinks and this landed into the customer account of Brinks
this is a deemed settlement. and this is what I want to see in gold adjustments i.e. dealer to customer account.
total dealer silver: 95.145 million
total dealer + customer silver: 310.374 million oz
The total number of notices filed today for the AUGUST 2019. contract month is represented by 188 contract(s) FOR 940,000 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 885 x 5,000 oz = 4,425,000 oz to which we add the difference between the open interest for the front month of AUGUST. (553) and the number of notices served upon today (188 x 5000 oz) equals the number of ounces standing.
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Thus the INITIAL standings for silver for the AUGUST/2019 contract month: 885 (notices served so far) x 5000 oz + OI for front month of AUGUST (553)- number of notices served upon today (188)x 5000 oz equals 6,250,000 oz of silver standing for the AUGUST contract month.
WE GAINED A MONSTROUS 188 CONTRACTS AS THE DEALERS BYPASSED THOSE STANDING TRYING TO GRAB WHATEVER SILVER THEY CAN. WE THUS HAVE AN ADDITIONAL 188 CONTRACTS OR 940,000 OZ STAND FOR DELIVERY ON THIS SIDE OF THE POND.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 188 notice(s) filed for 940,000 OZ for the JULY, 2019 COMEX contract for silver
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TODAY'S ESTIMATED SILVER VOLUME: 117,011 CONTRACTS (we had considerable spreading activity..accumulation
CONFIRMED VOLUME FOR YESTERDAY: 117,198 CONTRACTS..
YESTERDAY'S CONFIRMED VOLUME OF 117,198 CONTRACTS EQUATES to 590 million OZ 84.4% 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 RISES TO -0.06.% ((AUGUST 1/2019)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -1.80% to NAV (AUGUST 1/2019 )Note: Sprott silver trust back into NEGATIVE territory at -0.06%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 14.30 TRADING 13.80/DISCOUNT 3.51
END
And now the Gold inventory at the GLD/
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
JUNE 28/WITH GOLD UP $.90 TODAY: ANOTHER 2.05 TONNES OF PAPER GOLD REMOVED AND THIS GOLD WAS USED IN ATTACKING GOLD AT THE COMEX/INVENTORY RESTS AT 795.80 TONNES
JUNE 27/WITH GOLD DOWN $6.10: ANOTHER HUGE WITHDRAWAL OF 1.76 PAPER TONNES FROM THE GLD INVENTORY/INVENTORY RESTS AT 797.61 TONNES
JUNE 26/WITH GOLD DOWN $3.00: WE HAD A HUGE WITHDRAWAL OF 2.37 TONNES FROM THE GLD/INVENTORY RESTS AT 799.61 TONNES
JUNE 25/WITH GOLD UP $1.30 (AND WAY UP BEFORE THE BANKERS WHACKED) WE WITNESSED ANOTHER 1.95 TONNES OF PAPER GOLD ADDED TO THE GLD INVENTORY//INVENTORY RESTS AT 801.98 TONNES
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AUGUST 1/2019/ Inventory rests tonight at 827.82 tonnes
*IN LAST 633 TRADING DAYS: 106.87 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 533 TRADING DAYS: A NET 58.76 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.
end
Now the SLV Inventory/
AUGUST 1//WITH SILVER DOWN 23 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 356.715 MILLION OZ//
JULY 31/WITH SILVER DOWN 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 356.715 MILLION OZ//
JULY 30/2019: WITH SILVER UP 8 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 356.715 MILLION OZ//
JULY 29/2019: WITH SILVER UP 4 CENTS TODAY: A SMALL WITHDRAWAL OF 468000 OZ FROM THE SLV/INVENTORY LOWERS TO 356.715 MILLION OZ//
JULY 26.2019: WITH SILVER DOWN 2 CENTS TODAY: A HUGE 1.03 MILLION OZ OF PAPER SILVER LEAVES THE SLV/INVENTORY LOWERS TO 357.183 MILLION OZ//
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 SILVER FLAT TODAY: ANOTHER MONSTROUS PAPER DEPOSIT OF 3.276 MILLION OZ ENTERS THE SLV//WHAT A MASSIVE FRAUD//INVENTORY RESTS AT 346.980 MILLION OZ
JULY 18/WITH SILVER UP 24 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 2.668 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 343.704 MILLION OZ//
JULY 17: WITH SILVER UP ANOTHER 29 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 8.518 MILLION OZ/INTO THE SLV INVENTORY///INVENTORY RESTS AT 341.036 MILLION OZ//
JULY 16: WITH SILVER UP 31 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.518 MILLION OZ
JULY: 15 WITH SILVER UP 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.518 MILLION OZ
JULY 12/WITH SILVER UP 10 CENTS: NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 332.518 MILLION OZ//
JULY 11/NO CHANGE IN SILVER INVENTORY
JULY 10/WITH SILVER UP 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.518 MILLION OZ//
JULY 9/WITH SILVER UP A SMALL 7 CENTS A GIGANTIC INVENTORY GAIN OF 4.026 MILLION OZ/ INVENTORY RESTS AT 332.518 MILLION OZ AND NOW IT SHOULD BE QUITE CLEAR THAT THE SLV ( AND GLD ARE FRAUDS)
JULY 8/WITH SILVER UP 7 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 328,492 MILLION OZ
JULY 5/WITH SILVER DOWN 32 CENTS WE STRANGELY HAD A HUGE INVENTORY GAIN OF 2,234 MILLION OZ//INVENTORY RESTS AT 328.492 MILLION OZ
JULY 3 WITH SILVER UP 10 CENTS A HUGE INCREASE IN INVENTORY..INVENTORY RESTS AT 326.151 MILLION OZ
JULY 2/WITH SILVER UP 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY/INVENTORY RESTS AT 323.330 MILLION OZ//
JULY 1/ WITH SILVER DOWN 16 CENTS: A SURPRISING DEPOSIT OF 936,000 OZ INTO THE SLV/INVENTORY RESTS TONIGHT AT 323.330 MILLION OZ/
JUNE 28/WITH SILVER UP 6 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 322.394 MILLION OZ//
JUNE 27/WITH SILVER DOWN 7 CENTS: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.575 MILLION OZ INTO THE SLV/INVENTORY RESTS AT 322.394 MILLION OZ//
JUNE 26/WITH SILVER UP 17 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.819 MILLION OZ/
JUNE 25/WITH SILVER DOWN 25 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.819 MILLION OZ.
OZ//
AUGUST 1/2019:
Inventory 356.715 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
YOUR DATA.....
6 Month MM GOFO 2.21/ and libor 6 month duration 2.17
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: - .04
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12 Month MM GOFO+ 2.19%
LIBOR FOR 12 MONTH DURATION: 2.22
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = -.03
end
end