GOLD: $1288.10 UP $6.40 (COMEX TO COMEX CLOSING)
Silver: $14.53 UP 19 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : 1288.70
silver: $14.53
LBMA OPTIONS EXPIRY TOMORROW:
LBMA/OTC EXPIRY: MAY 31.2019
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING 24/49
EXCHANGE: COMEX
CONTRACT: MAY 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,280.600000000 USD
INTENT DATE: 05/29/2019 DELIVERY DATE: 05/31/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
657 C MORGAN STANLEY 3
661 C JP MORGAN 24
661 H JP MORGAN 49
685 C RJ OBRIEN 1
737 C ADVANTAGE 20
905 C ADM 1
____________________________________________________________________________________________
TOTAL: 49 49
MONTH TO DATE: 363
NUMBER OF NOTICES FILED TODAY FOR MAY CONTRACT: 49 NOTICE(S) FOR 4900 OZ (0.1524 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 306 NOTICES FOR 3060000 OZ (.9517 TONNES)
SILVER
FOR MAY
119 NOTICE(S) FILED TODAY FOR 595,000 OZ/
total number of notices filed so far this month: 3770 for 18,850,000 oz
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Bitcoin: OPENING MORNING TRADE : $ N/A
Bitcoin: FINAL EVENING TRADE: $ N/A
end
XXXX
Let us have a look at the data for today
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IN SILVER THE COMEX OI FELL BY A CONSIDERABLE SIZED 4065 CONTRACTS FROM 217,605 DOWN TO 213,540 DESPITE THE 11 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 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 STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:
0 FOR MAY, 0 FOR JUNE, 1773 FOR JULY AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1773 CONTRACTS. WITH THE TRANSFER OF 1773 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 1773 EFP CONTRACTS TRANSLATES INTO 8.865 MILLION OZ ACCOMPANYING:
1.THE 11 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 18.845 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:
26,714 CONTRACTS (FOR 21 TRADING DAYS TOTAL 26,714 CONTRACTS) OR 133.57 MILLION OZ: (AVERAGE PER DAY: 1272 CONTRACTS OR 6.360 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF MAY: 133.57 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 19.08% 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: 874.67 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 AN CONSIDERABLE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4065 DESPITE THE 11 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD A VERY STRONG SIZED EFP ISSUANCE OF 1773 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 LOST A STRONG SIZED: 2292 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 1773 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH DECREASE OF 4065 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 11 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $14.45 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. 1.068 BILLION OZ TO BE EXACT or 152% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 119 NOTICE(S) FOR 595,000, 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: 18.845 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 FELL BY AN UNBELIEVABLE AND MOST LIKELY CRIMINAL SIZED 50,951 CONTRACTS, TO 454,175 DESPITE THE $3.90 PRICE GAIN WITH RESPECT TO COMEX GOLD PRICING YESTERDAY/THE SPREADING LIQUIDATION ENDED YESTERDAY.
WE ARE NOW 1 TRADING DAY PRIOR TO FIRST DAY NOTICE.
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 6678 CONTRACTS:
APRIL 0 CONTRACTS,JUNE: 6678 CONTRACTS, AUGUST 2019: 0 CONTRACTS, JUNE 2020 0 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 454,175. 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 AN ATMOSPHERIC SIZED LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 44,273 CONTRACTS: 50,951 OI CONTRACTS DECREASED AT THE COMEX AND 6678 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS OF 44,273 CONTRACTS OR 4,427,300 OZ OR 137.7 TONNES. YESTERDAY WE HAD A GOOD GAIN OF $3.90 IN GOLD TRADING ….AND WITH THAT GAIN IN PRICE, WE HAD AN UNBELIEVABLE LOSS OF GOLD TONNAGE OF 137.7 TONNES!!!!!!
WITH RESPECT TO SPREADING: WE HAD A GIGANTIC LIQUIDATION OF THE SPREADERS TODAY
.
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 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 : 135,887 CONTRACTS OR 1,3588,700 OR 422.66TONNES (21 TRADING DAYS AND THUS AVERAGING: 6470 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 20 TRADING DAYS IN TONNES: 422,66 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 422.66/3550 x 100% TONNES =11.89% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***
ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE: 2238.18 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: AN UNBELIEVABLE AND CRIMINAL SIZED DECREASE IN OI AT THE COMEX OF 150,951 DESPITE THE PRICING GAIN THAT GOLD UNDERTOOK YESTERDAY(3.90)) //.WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 6678 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 6678 EFP CONTRACTS ISSUED, WE HAD AN ATMOSPHERIC SIZED LOSS OF 44,273CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
6678 CONTRACTS MOVE TO LONDON AND 50,951 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE LOSS IN TOTAL OI EQUATES TO 137.70 TONNES). ..AND THIS LOSS OF DEMAND OCCURRED WITH THE RISE IN PRICE OF $3.900 WITH RESPECT TO YESTERDAY’S TRADING AT THE COMEX. WE HAD A HUGE PRESENCE OF SPREADING LIQUIDATION YESTERDAY/
we had: 49 notice(s) filed upon for 4900 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 $6.40 TODAY//SEEMS THE BOYS FOUND RELIGION
A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A HUGE “PAPER” GOLD DEPOSIT OF 3.52 TONNES
INVENTORY RESTS AT 740.86 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 19 CENTS TODAY:
NO CHANGES IN SILVER INVENTORY AT THE SLV:
/INVENTORY RESTS AT 311.616 MILLION OZ.
end
OUTLINE OF TOPICS TONIGHT
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in SILVER FELL BY AN GIGANTIC SIZED 4065 CONTRACTS from 217,605 DOWN TO 213,540 AND FURTHER FROM 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: 1773 CONTRACTS AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1773 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE OI LOSS AT THE COMEX OF 4065 CONTRACTSTO THE 1773 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A STRONG LOSS OF 2292 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES: 11.46MILLION 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 18.765 MILLION OZ FOR MAY
RESULT: A STRONG SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE 11 CENT GAIN IN PRICING THAT SILVER UNDERTOOK IN PRICING// YESTERDAY. WE ALSO HAD A STRONG SIZED 1173 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 ) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)THURSDAY MORNING/ WEDNESDAY NIGHT:
SHANGHAI CLOSED DOWN 8.89 POINTS OR 0.31% //Hang Sang CLOSED DOWN 120.83 POINTS OR 0.44% /The Nikkei closed DOWN 60.84 POINTS OR 0.29%//Australia’s all ordinaires CLOSED DOWN 0.73%
/Chinese yuan (ONSHORE) closed UP at 6.9070 /Oil UP TO 59.03 dollars per barrel for WTI and 68.78 for Brent. Stocks in Europe OPENED GREEN// ONSHORE YUAN CLOSED UP // LAST AT 6.9070 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.9264 TRADE TALKS STALL//YUAN LEVELS GETTING DANGEROUSLY CLOSE TO 7:1//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 STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP RAISED RATES TO 25%
3A//NORTH KOREA/ SOUTH KOREA
b) REPORT ON JAPAN
3 China/Chinese affairs
i)China halts its “goodwill” gesture soybean purchases from the uSA
( zerohedge)
4/EUROPEAN AFFAIRS
i)GERMANY/FRANCE/REST OF EUROPE VS USA
Trump gave a 6 month reprieve to Europe so that a deal could be arranged between Europe and the USA. You will recall that the EU is notorious for its high tariffs especially in autos
Trump has demanded the EU to lower tariffs equal to the uSA, something that the stubborn EU will not do. Thus expect a new front in the trade war once the 6 months is up
( zerohedge)
ii)Italy
Italy is a powder keg ready to explode. Italy’s debt to GDP has been relatively stable at 132% of GDP. However lately its economy has been moribund. Salvini wants to go into further debt to stimulate its economy from a deficit of 2.0% to 2.5% something that Brussels will not listen. Now Italian yields have jumped as Salvini is threatening to crash the government. If Italy leaves the EU then the entire European financial system implodes and it will probably take the world’s banks with them
( zerohedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
i)Iran
USA troops are now to be based in Saudi Arabia and Qatar
( zerohedge)
ii)IRAN/USA
Trump is the big winner: Iran’s oil exports plunge to only 400,000 barrels per day in May
(Paraskova/OilPrice.com)
iii)TURKEY
iv)SERBIA/KOSOVO
For twenty plus years we have had peace between the tiny Republic of Kosovo and the Serbia. However Serbian troops are now on combat alert after Kosovo police raided a Serbian enclave in an anti smuggling mission. Serbia never recognized Kosovo
( zerohedge)
6. GLOBAL ISSUES
Brandon Smith is one smart cookie: here he continues with his theme on how the markets will crumble as the globalists pit themselves against the populists. He states that we are just one major event away from destruction. He outlines 3 powder kegs
a must read…
( Brandon Smith)
7. OIL ISSUES
8 EMERGING MARKET ISSUES
VENEZUELA/
9. PHYSICAL MARKETS
( Incrementum/GATA)
ii)Bloomberg wonders what if everybody is expelled from the USA financial system for aiding Iran etc
(Bloomberg gATA)
iii)Now it is the central bank of the Philippines that joins other central banks in hoarding gold
(Bloomberg/GATA)
10. USA stories which will influence the price of gold/silver)
MARKET TRADING//
MARKET TRADING/Europe
ii)Market data
a)Trump is not to happy as his Q2 GDP has been lowered a notch in its first revision down to 3.1%
( zerohedge)
b)Housing is such an important part of the GDP calculations for the USA. Pending home sales suffer their worst decline in over 10 years
( zerohedge)
d)Today’s inflation report is something that Jerome Powell, of the Fed will look upon with much surprise and anger. The Fed uses archaic tools in its forecasting for inflation as they leave out the volatile food and energy hoping that it keeps inflation at around their supposed level of 2.0%. The problem is the fact that the economy is faltering terribly and now their revered figure of inflation is now down to 1% in the last quarter from 1.3% in the previous quarter. It will be difficult for Powell to raise rates again
( zerohedge)
iii)USA ECONOMIC/GENERAL STORIES
SWAMP STORIES
It sure looks like Mueller lied to Barr. On 3 occasions Barr questioned Mueller on his report on the subject of obstruction. Mueller told Barr that his lack of charges on obstruction had nothing to the do with the opinion of the office of legal council whose long time policy is that you cannot indict a sitting president. It looks to me like he has lied
( zerohedge
Let us head over to the comex:
Gold withdrawals;
i) We had 0 withdrawals:
.