GOLD: $1285.95 DOWN $11.10 (COMEX TO COMEX CLOSING)
Silver: $14.55 DOWN 26 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : 1286.70
silver: $14.58
OPTIONS EXPIRY FOR THE STOCK MARKET AND GLD/SLV IS TOMORROW
COMEX EXPIRY FOR GOLD/SILVER: TUES MAY 28/2019
LBMA/OTC EXPIRY: MAY 31.2019
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING
EXCHANGE: COMEX
CONTRACT: MAY 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,296.300000000 USD
INTENT DATE: 05/15/2019 DELIVERY DATE: 05/17/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
657 C MORGAN STANLEY 4
661 C JP MORGAN 39 33
685 C RJ OBRIEN 1
737 C ADVANTAGE 11 17
905 C ADM 5
____________________________________________________________________________________________
TOTAL: 55 55
MONTH TO DATE: 288
NUMBER OF NOTICES FILED TODAY FOR MAY CONTRACT: 55 NOTICE(S) FOR 5500 OZ (0.1710 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 288 NOTICES FOR 28800 OZ (.8958 TONNES)
SILVER
FOR MAY
4 NOTICE(S) FILED TODAY FOR 20,000 OZ/
total number of notices filed so far this month: 3377 for 16,885,000 oz
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Bitcoin: OPENING MORNING TRADE :$7946 DOWN $285
Bitcoin: FINAL EVENING TRADE: $7820 DOWN $338
end
XXXX
Let us have a look at the data for today
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IN SILVER THE COMEX OI ROSE BY A TINY SIZED 530 CONTRACTS FROM 203,788 UP TO 204,318 WITH YESTERDAY’S 2 CENT GAIN IN SILVER PRICING AT THE COMEX. ,LIQUIDATION OF THE SPREADERS HAVE STOPPED FOR SILVER BUT IT NOW IN FULL FORCE FOR GOLD. 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 SMALL SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:
0 FOR MAY, 0 FOR JUNE, 263 FOR JULY AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 263 CONTRACTS. WITH THE TRANSFER OF 435 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 263 EFP CONTRACTS TRANSLATES INTO 1.315 MILLION OZ ACCOMPANYING:
1.THE 2 CENT GAIN IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST NINE 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.
AND NOW 18.355 MILLION OZ STANDING FOR SILVER IN MAY.
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF MAY:
13,566 CONTRACTS (FOR 12 TRADING DAYS TOTAL 13,566 CONTRACTS) OR 67,83 MILLION OZ: (AVERAGE PER DAY: 1131 CONTRACTS OR 5.653 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF MAY: 67.83 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 9.69% 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: 808.93 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.
RESULT: WE HAD A TINY SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 530 WITH THE TINY 2 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE OF 263 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) . OUR BANKERS RESUMED THEIR LIQUIDATION OF THE SPREAD TRADES TODAY.
TODAY WE GAINED A SMALL SIZED: 793 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 263 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH INCREASE OF 530 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 2 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $14.81 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. 1.022 BILLION OZ TO BE EXACT or 145% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 4 NOTICE(S) FOR 20,000 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/ AND NOW MAY: 18.355 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/2017
- RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLION OZ/ AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ
AND 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).
IN GOLD, THE OPEN INTEREST ROSE BY A STRONG SIZED 6360 CONTRACTS, TO 526,224 DESPITE THE TINY RISE IN THE COMEX GOLD PRICE/(AN INCREASE IN PRICE OF $1.50//YESTERDAY’S TRADING).
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED 5454 CONTRACTS:
APRIL 0 CONTRACTS,JUNE: 5454 CONTRACTS DECEMBER: 0 CONTRACTS, JUNE 2020 0 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 524,355. 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 SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 11,814 CONTRACTS: 6330 OI CONTRACTS INCREASED AT THE COMEX AND 5454 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 11,814 CONTRACTS OR 1,181,400 OZ OR 36.75 TONNES. YESTERDAY WE HAD A TINY GAIN IN THE PRICE OF GOLD TO THE TUNE OF $1.50….AND WITH THAT TINY GAIN, WE HAD A HUGE GAIN OF 36.75 TONNES!!!!!!.??????
WITH RESPECT TO SPREADING: NOT TO NOTICEABLE WITH TODAY’S FALL IN PRICE
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:
“AS YOU WILL SEE, THE CROOKS HAVE NOW SWITCHED TO GOLD 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 NO INTO THE NON ACTIVE DELIVERY MONTH OF MAY HEADING TOWARDS THE VERY ACTIVE DELIVERY MONTH OF JUNE.
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 MAY BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN GOLD WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (JUNE), 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 MAY : 70,859 CONTRACTS OR 7,085,900 OR 220.40 TONNES (12 TRADING DAYS AND THUS AVERAGING: 5904 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 12 TRADING DAYS IN TONNES: 220.40 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 220.40/3550 x 100% TONNES =6.20% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***
ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE: 2035.95 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
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLEDRIAL 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 STRONG SIZED INCREASE IN OI AT THE COMEX OF 6360 DESPITE THE TINY RISE IN PRICING ($1.50) THAT GOLD UNDERTOOK YESTERDAY) //.WE ALSO HAD A GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 5454 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 5454 EFP CONTRACTS ISSUED, WE HAD A STRONG SIZED GAIN OF 11,814 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
5454 CONTRACTS MOVE TO LONDON AND 6360 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 36.75 TONNES). ..AND THIS HUMONGOUS DEMAND OCCURRED WITH A TINY RISE IN PRICE OF $1.50 IN YESTERDAY’S TRADING AT THE COMEX. WE NO DOUBT HAD A STRONG PRESENCE OF SPREADING TODAY.
we had: 55 notice(s) filed upon for 5500 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 $11.10 TODAY
WE HAVE A HUGE WITHDRAWAL OF 3.23 TONNES OF GOLD FROM THE GLD.
STRANGE THIS IS THE EXACT DEPOSIT AMOUNT PUT INTO THE GLD ON MAY 14//.
INVENTORY RESTS AT 733.23 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 26 CENTS TODAY:
A BIG CHANGE IN SILVER INVENTORY AT THE SLV//
A WITHDRAWAL OF 1.031 MILLION OZ FROM THE SLV.
/INVENTORY RESTS AT 315.551 MILLION OZ.
end
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in SILVER ROSE BY A TINY SIZED 530 CONTRACTS from 203,788 UPTO 204,318 AND CLOSER TO THE NEW COMEX RECORD SET LAST IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 1 1/3 YEARS AGO. THE PRICE OF SILVER ON THAT DAY: $17.89. AS YOU CAN SEE, WE HAVE RECORD HIGH OPEN INTERESTS IN SILVER ACCOMPANIED BY A CONTINUAL LOWER PRICE WHEN THAT RECORD WAS SET…..THE SPREADERS HAVE STOPPED THEIR LIQUIDATION IN SILVER BUT HAVE NOW MORPHED INTO GOLD..
EFP ISSUANCE:
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
0 CONTRACTS FOR APRIL., 0 FOR MAY, FOR JUNE 0 CONTRACTS AND JULY: 263 CONTRACTS AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 263 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE OI GAIN AT THE COMEX OF 637 CONTRACTS TO THE 263 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A SMALL GAIN OF 793 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES: 4.5 MILLION OZ!!! AND YET WE ALSO HAVE A STRONG DEMAND FOR PHYSICAL AS WE WITNESSED A FINAL STANDING OF GREATER THAN 30 MILLION OZ FOR JULY, A STRONG 7.475 MILLION OZ FOR AUGUST.. A HUGE 39.505 MILLION OZ STANDING FOR SILVER IN SEPTEMBER… OVER 2 million OZ STANDING FOR THE NON ACTIVE MONTH OF OCTOBER., 7.440 MILLION OZ FINALLY STANDING IN NOVEMBER. 21.925 MILLION OZ STANDING IN DECEMBER , 5.845 MILLION OZ STANDING IN JANUARY. 2.955 MILLION OZ STANDING IN FEBRUARY, 27.120 MILLION OZ FOR MARCH., 3.875 MILLION OZ FOR APRIL AND NOW 18.355 MILLION OZ FOR MAY
RESULT: A SMALL SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE TINY 2 CENT GAIN IN PRICING THAT SILVER UNDERTOOK IN PRICING// YESTERDAY. WE ALSO HAD A SMALL SIZED 263 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE STRONG SIZED AMOUNT OF SILVER OUNCES STANDING FOR THIS MONTH, DEMAND FOR PHYSICAL SILVER CONTINUES TO INTENSIFY AS WE WITNESS SEVERE BACKWARDATION IN SILVER IN LONDON.
BOTH THE SILVER COMEX AND THE GOLD COMEX ARE IN STRESS AS THE BANKERS SCOUR THE BOWELS OF THE EXCHANGE FOR METAL
(report Harvey)
.
2.a) The Shanghai and London gold fix report
(Harvey)
2 b) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)THURSDAY MORNING/ WEDNESDAY NIGHT:
SHANGHAI CLOSED UP 17,03 POINTS OR 0.58% //Hang Sang CLOSED UP 6.36 POINTS OR 0.02% /The Nikkei closed DOWN 125.58 POINTS OR 0.59%//Australia’s all ordinaires CLOSED UP .74%
/Chinese yuan (ONSHORE) closed DOWN at 6.8884 /Oil UP to 61.64 dollars per barrel for WTI and 71.08 for Brent. Stocks in Europe OPENED GREEN// ONSHORE YUAN CLOSED DOWN // LAST AT 6.8884 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.9072 TRADE TALKS STILL ON//TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED : /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP RAISED RATES TO 25%
3A//NORTH KOREA/ SOUTH KOREA
i)NORTH KOREA
b) REPORT ON JAPAN
3 China/Chinese affairs
i)China/Huawei
Huawei responds to the tech ban and in a concession to Trump the company states that it is willing “to engage to ensure the product safety.” It seems that Trump was right that Huawei was using its products for spying purposes.
( zerohedge)
ii)CHINA/CANADA
NOT GOOD!! Two Canadians held by Beijing in December are now facing the death penalty as they are being charged on espionage. No doubt that these are related to the Meng (CFO Huawei) arrest.
( zerohedge)
iii)Serious stuff going on in Washington with their nuclear option against Huawei. Huawei has offered to open up its devices in order for the USA to feel secure form spying. The USA counters by putting Huawei on the “Entity list” which would ban USA corporations from dealing with the company. Also, the timing for China seems odd that on the day that the USA puts Huawei on the “entity list” two Canadians were arrested for espionage and could face the death sentence. I guess travel to China is now out of the question.
(zerohedge)
4/EUROPEAN AFFAIRS
i)FRANCE
An excellent commentary on the state of affairs in France which has the highest social spending per GDP in the world at 31%. The social spending in totally non productive. France incomes are falling below even America’s poorest states. I guess this is the reason for the Yellow Vest Movement as they feel the pain inside France
( Ryan McMaken/ Mises)
(courtesy zerohedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
a)SAUDI ARABIA/IRAN/YEMEN
The Saudis now claim the Iran has carried out the Aramco Pipeline attack in Saudi Arabia using drones. We now have footage and it is extensive.
The USA are not happy campers on this issue. Remember that the USA carrier Lincoln will be entering the Gulf shortly.
(courtesy zerohedge)
6. GLOBAL ISSUES
THE GLOBE
Maersk, the largest shipping company in the world sees a significant slowdown in business activity as the third largest transshipment port in the Mediterranean, located on the island of Malta.
Maersk is now going to shift operations from Malta to other African ports due to the slowdown
( zerohedge)
7. OIL ISSUES
A mystery tanker violates USA sanctions by unloading oil to China
(courtesy zerohedge)
8 EMERGING MARKET ISSUES
VENEZUELA
Officially the uSA suspends all passenger and cargo flights to Venezuela
(courtesy zerohedge)
9. PHYSICAL MARKETS
10. USA stories which will influence the price of gold/silver)
MARKET TRADING//
ii)Market data
ii)USA ECONOMIC/GENERAL STORIES
(courtesy Brandon Smith/AltMarket.com)
b)The tariffs are killing USA farmers.
(courtesy Mac Slavo)
c)Too much rain has killed off much the corn planting
SWAMP STORIES
What a riot: there is now a dispute as to whether it was Comey or Brennan who pushed the Steele dossier: i.e. to be included into the intelligence community assessment
( zerohedge)
Let us head over to the comex:
Gold withdrawals;
i) We had 1 withdrawal:
from the Bank of Nova Scotia: 514.400 oz
16 kilobars
.
GATA STORIES WITH RESPECT TO GOLD/PRECIOUS METALS.
PART II of Chris Powell’s important interview on gold price suppression
(courtesy Chris Powell/GATA)
* * *
5.RUSSIAN AND MIDDLE EASTERN AFFAIRS
SAUDI ARABIA/IRAN/YEMEN
The Saudis now claim the Iran has carried out the Aramco Pipeline attack in Saudi Arabia using drones. We now have footage and it is extensive.
The USA are not happy campers on this issue. Remember that the USA carrier Lincoln will be entering the Gulf shortly.
(courtesy zerohedge)
Saudis Claim Iran Ordered Aramco Pipeline Drone Attack
Saudi Arabia on Thursday blamed Iran for ordering an attack early this week on two Aramco pipeline booster stations, a strike that was intended as part of a broader sabotage campaign to disrupt world oil supplies, according to Saudi Energy Minister Khalid al-Falih.
The drone attacks came one day after a string of attacks on two Saudi oil tankers and two other vessels in the Strait of Hormuz, and caused the temporary closure of a vital east-west pipeline traversing the kingdom, since reopened.

Prince Khalid Bin Salman, the vice minister for defense and brother of the crown prince MbS, described Yemen’s Houthis – which were believed to have launched the drone attack – of being used as an “Iranian” tool advancing Tehran’s aggression and hegemony in the region.
In a tweet, he said the Houthi militias “are merely a tool that Iran’s regime uses to implement its expansionist agenda in the region, and not to protect the people of Yemen as the Houthis falsely claim”.
Since 2015 Saudi coalition jets have been waging a brutal bombing campaign over Yemen to roll back the country’s Shia Houthi rebels, the latter which have occasionally launched missile and drone attacks against sensitive sites in the kingdom, at times even reaching Riyadh’s international airport with ballistic missiles.
Soon after Monday’s drone attack on the Aramco facilities, dramatic video was released online showing extensive destruction of the pumping stations, which had been on fire for hours following the attack.
US and Saudi investigators further blamed Iran for a “sabotage attack” on several Saudi and international tankers off a UAE port near the Strait of Hormuz on Sunday.
end
6.GLOBAL ISSUES
Maersk, the largest shipping company in the world sees a significant slowdown in business activity as the third largest transshipment port in the Mediterranean, located on the island of Malta.
Maersk is now going to shift operations from Malta to other African ports due to the slowdown
(courtesy zerohedge)
7 OIL ISSUES
A mystery tanker violates USA sanctions by unloading oil to China
(courtesy zerohedge)
8. EMERGING MARKETS
VENEZUELA
Officially the uSA suspends all passenger and cargo flights to Venezuela
(courtesy zerohedge)
US Suspends All Passenger And Cargo Flights To Venezuela
Though all of the major US carriers have already ended their flights to Caracas, the Department of Homeland Security has officially suspended all air traffic – passenger and cargo – between the US and Venezuela due to the “ongoing political stability and increased tensions.”
The decision follows a failed uprising spurred by opposition leader Juan Guaido, who is recognized as the legitimate ruler of Venezuela by the US and about 50 other countries, and growing speculation that strongman Nicolas Maduro will hold on to power, since the country’s military and pro-government militias have firmly backed him, the FT reports.
One of the worst humanitarian crises in the world has been festering in Venezuela for about five years now, spurred by chronic mismanagement under the Maduro regime, and that of his predecessor, Hugo Chavez. Because of security concerns, rapid inflation, the difficulty of moving capital out of the country, and a shortage of passengers, most US airlines have already suspended flights.
Of the 32 foreign airlines operating in Venezuela in 2013, only about one-third remain active in the country, and the number of seats on international flights have fallen by 80%. American Airlines was the last major carrier to suspend flights to VZ, which it did in March.
While a few small carriers will be impacted by the ban, Venezuelans who rely on donations or remittances from relatives living abroad to survive, will be hurt by the decision, according to the New York Times. Many have relied on courier services from Miami to obtain hard-to-come-by medication, spare parts and foods.
“This will be a catastrophe for a lot of people,” said Feliciano Reyna, head of the health nonprofit Acción Solidaria, which receives medical donations from the United States through air courier services. “This will complicate enormously the transportation of humanitarian aid to the country.”
Accion Solidaria and other groups will now be forced to import their meds by sea or ship them through other countries, which will raise the cost and further restrict supply.
One airline that will be impacted: Avior Airlines, Venezuela’s largest private airline, which has operated daily flights to Miami from Caracas and the eastern city of Puerto La Cruz.
Your early morning currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings THURSDAY morning 7:00 AM….
Euro/USA 1.1208 UP .00001 REACTING TO MERKEL’S FAILED COALITION/ REACTING TO +GERMAN ELECTION WHERE ALT RIGHT PARTY ENTERS THE BUNDESTAG/ huge Deutsche bank problems ///ITALIAN CHAOS /AND NOW ECB TAPERING BOND PURCHASES/JAPAN TAPERING BOND PURCHASES /USA RISING INTEREST RATES /FLOODING/EUROPE BOURSES /GREEN
USA/JAPAN YEN 109.63 UP 0.163 (Abe’s new negative interest rate (NIRP), a total DISASTER/NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…
GBP/USA 1.2824 DOWN 0.0023 (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/BREXIT EXTENDED TO OCT 31/2019//
USA/CAN 1.3406 DOWN .0034 CANADA WORRIED ABOUT TRADE WITH THE USA WITH TRUMP ELECTION/ITALIAN EXIT AND GREXIT FROM EU/(TRUMP INITIATES LUMBER TARIFFS ON CANADA/CANADA HAS A HUGE HOUSEHOLD DEBT/GDP PROBLEM)
Early THIS THURSDAY morning in Europe, the Euro ROSE BY 1 basis points, trading now ABOVE the important 1.08 level RISING to 1.1208 Last night Shanghai COMPOSITE CLOSED UP 17.03 POINTS OR 0.58%
//Hang Sang CLOSED UP 6.36 POINTS OR 0.02%
/AUSTRALIA CLOSED UP .73%// EUROPEAN BOURSES GREEN
The NIKKEI: this THURSDAY morning CLOSED DOWN 125.58 POINTS OR 0.59%
Trading from Europe and Asia
EUROPEAN BOURSES ALL GREEN
2/ CHINESE BOURSES / :Hang Sang CLOSED UP 6.36 POINTS OR 0.02%
/SHANGHAI CLOSED UP 17,03 POINTS OR 0.58%
Australia BOURSE CLOSED UP .73%
Nikkei (Japan) CLOSED DOWN 125.58 POINTS OR 0.59%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 1294.10
silver:$14.79
Early THURSDAY morning USA 10 year bond yield: 2.38% !!! DOWN 0 IN POINTS from WEDNESDAY’S night in basis points and it is trading WELL ABOVE resistance at 2.27-2.32%.
The 30 yr bond yield 2.82 DOWN 0 IN BASIS POINTS from YESTERDAY night.
USA dollar index early THURSDAY morning: 97.54 DOWN 3 CENT(S) from WEDNESDAY’s close.
This ends early morning numbers THURSDAY MORNING
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And now your closing THURSDAY NUMBERS \12: 00 PM
Portuguese 10 year bond yield: 1.08% DOWN 5 in basis point(s) yield from WEDNESDAY/
JAPANESE BOND YIELD: -.06% DOWN 1 BASIS POINTS from WEDNESDAY/JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 0.91% DOWN 4 IN basis point yield from WEDNESDAY
ITALIAN 10 YR BOND YIELD: 2.68 DOWN 7 POINTS in basis point yield from WEDNESDAY/
the Italian 10 yr bond yield is trading 177 points HIGHER than Spain.
GERMAN 10 YR BOND YIELD: FALLS –.10% IN BASIS POINTS ON THE DAY//
THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 2.78% AND NOW ABOVE THE THE 3.00% LEVEL WHICH WILL IMPLODE THE ENTIRE ITALIAN BANKING SYSTEM. AT 4% SPREAD THERE WILL BE A HUGE BANK RUN…
END
IMPORTANT CURRENCY CLOSES FOR THURSDAY
Closing currency crosses for THURSDAY night/USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1178 DOWN .0029 or 29 basis points
USA/Japan: 109.86 UP .394 OR YEN DOWN 39 basis points/
Great Britain/USA 1.2800 DOWN .0046 POUND DOWN 46 BASIS POINTS)
Canadian dollar UP 7 basis points to 1.3435
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The USA/Yuan,CNY: AT 6.8837 0N SHORE (DOWN)..GETTING DANGEROUS
THE USA/YUAN OFFSHORE: 6.9166 (YUAN DOWN)..GETTING REALLY DANGEROUS
TURKISH LIRA: 56.0368 EXTREMELY DANGEROUS LEVEL/DEATH WISH.
the 10 yr Japanese bond yield closed at -.06%
Your closing 10 yr US bond yield UP 1 IN basis points from WEDNESDAY at 2.40 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 2.84 UP 1 in basis points on the day
Your closing USA dollar index, 97.80 UP 23 CENT(S) ON THE DAY/1.00 PM/
Your closing bourses for Europe and the Dow along with the USA dollar index closing and interest rates for THURSDAY: 12:00 PM
London: CLOSED UP 56.56 0.78%
German Dax : CLOSED UP 210.80 POINTS OR 1.74%
Paris Cac CLOSED UP 73,85 POINTS OR 1.37%
Spain IBEX CLOSED UP 127.29 POINTS or 1.39%
Italian MIB: CLOSED DOWN 288,66 POINTS OR 1.38%
WTI Oil price; 63.36 12:00 PM EST
Brent Oil: 73.08 12:00 EST
USA /RUSSIAN / ROUBLE CROSS: 64.52 THE CROSS LOWER BY 0.14 ROUBLES/DOLLAR (ROUBLE HIGHER BY 14 BASIS PTS)
TODAY THE GERMAN YIELD FALLS TO –.10 FOR THE 10 YR BOND 1.00 PM EST EST
END
This ends the stock indices, oil price, currency crosses and interest rate closes for today 4:30 PM
Closing Price for Oil, 4:00 pm/and 10 year USA interest rate:
WTI CRUDE OIL PRICE 4:30 PM : 63.04
BRENT : 72.67
USA 10 YR BOND YIELD: … 2.40… VERY DEADLY// invalids the dow/nasdaq rise
USA 30 YR BOND YIELD: 2.84..VERY DEADLY/invalidates the dow/nasdaq rise
EURO/USA 1.1175 ( DOWN 32 BASIS POINTS)
USA/JAPANESE YEN:109.83 UP .357 (YEN DOWN 36 BASIS POINTS/..
USA DOLLAR INDEX: 97.84 UP 27 cent(s)/
The British pound at 4 pm: Great Britain Pound/USA:1.2793 DOWN 55 POINTS
the Turkish lira close: 6.0412
the Russian rouble 64,65 UP 0.01 Roubles against the uSA dollar.( UP 1 BASIS POINTS)
Canadian dollar: 1.3466 DOWN 24 BASIS pts
USA/CHINESE YUAN (CNY) : 6.8837 (ONSHORE)/we need to watch these levels/anything greater than 6.95 will be deadly./LOWER YUAN VALUE INVALIDATES THE DOW RISE TODAY.
USA/CHINESE YUAN(CNH): 6.9277 (OFFSHORE) we need to watch these levels/anything greater than 6.95 will be deadly/LOWER OFF SHORE YUAN INVALIDATES THE DOW RISE.
German 10 yr bond yield at 5 pm: ,-0.10%
The Dow closed UP 214.66 POINTS OR 0.84%
NASDAQ closed UP 75.90 POINTS OR 0.97%
VOLATILITY INDEX: 15.61 CLOSED DOWN 0.83
LIBOR 3 MONTH DURATION: 2.525%//
FROM 2.524
And now your more important USA stories which will influence the price of gold/silver
TRADING IN GRAPH FORM FOR THE DAY/WEEKLY SUMMARY/FOLLOWED BY TODAY
Global Markets Surge, Erase Trade-War-Escalation Losses
We had it all wrong after all – Global trade war escalation is bullish for global stocks after all!!!!
a
Chinese markets accelerated higher – erasing all losses post-trade-war escalation…
US equities extended yesterday’s gains to erase the losses from trade war escalations and fill Sunday night/Monday morning’s gap down… but as the last hour hit, stocks started to fade.
So, Chinese stocks are up on the week (record buybacks), European stocks are up on the week, but US stocks are down on the week – who’s winning the trade war?
Another short-squeeze at the open… getting “most shorted” stocks almost back to unch..
Bonds and stocks remain decoupled (even as bonds were sold as stocks rallied today)…
Treasury yields rose on the day (up 2bps at the long-end and up 4bps at the short-end)…
But 10Y Yields are still well below 2.50%
The dollar soared today after a small dip at the European open…back to pre-payrolls levels…
Yuan tumbled through key support to its weakest since Nov 2018…yuan is down 7 of the last 8 days.
Ethereum outperformed today, soaring 50% on the week as Bitcoin dipped…
Notably, Bitcoin/Ethereum has been wild ride in the last few weeks…
Silver was slammed today as WTI surged…
Finally, global money supply continues to shrink rather unsupportively for stocks…
END
ii)Market data/
Housing starts and permits were expected to rise and they did but on a year/year basis housing starts have suffered its 7th annual decline in a row
(courtesy zerohedge)
Housing Starts Suffer 7th Annual Decline In A Row Despite Surge In Northeast
Following last month’s disappointments, Housing starts and permits were expected to rebound in April and did with positive upward revisions for March data also.
- Building Permits rose 0.6% MoM in April (beating the 0.1% rise expected) and up from the upwardly revised -0.2% (from -1.7% prior) drop in March.
- Housing Starts spiked 5.7% MoM in April (less than the expected 6.2% jump but March data was notably revised upward from a 0.3% drop to a 1.7% rise).
Starts rose for single- and multi-family units…
Driven by a massive (seasonal) surge in The Northeast:
- Northeast: +84.6%
- Midwest +42.0%
- South -5.6%
- West -5.5%
That’s the good news.
The bad news is that Housing Starts fell YoY for the 7th month in a row…
Building Permits for single-family units tumbled to its weakest since October 2016
So take your pick.
(courtesy Brandon Smith/AltMarket.com)
SWAMP STORIES
What a riot: there is now a dispute as to whether it was Comey or Brennan who pushed the Steele dossier: i.e. to be included into the intelligence community assessment
(courtesy zerohedge)
SWAMP STORIES/KEY STORIES/KING REPORT
(COURTESY OF CHRIS POWELL OF GATA)