GOLD:$1457.15 DOWN $6.45 (COMEX TO COMEX CLOSING)
Silver:$16.91 DOWN 12 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : $1454.90
silver: $16.90
We now enter options expiry for the November contract month.
The Comex options expired today: Monday Nov 25/2019
London’s OTC/LBMA Nov 29.2019
Three more reading days before first day notice
gold/silver prices will be subdued until the conclusion of the week.
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 0/7
EXCHANGE: COMEX
CONTRACT: NOVEMBER 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,463.100000000 USD
INTENT DATE: 11/22/2019 DELIVERY DATE: 11/26/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
435 H SCOTIA CAPITAL 3
657 C MORGAN STANLEY 1
737 C ADVANTAGE 7 3
____________________________________________________________________________________________
TOTAL: 7 7
MONTH TO DATE: 1,717
we are coming very close to a commercial failure!!
NUMBER OF NOTICES FILED TODAY FOR NOV CONTRACT: 7 NOTICE(S) FOR 700 OZ (0.0017 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 1717 NOTICES FOR 171,700 OZ (5.3405 TONNES)
SILVER
FOR NOV
0 NOTICE(S) FILED TODAY FOR nil OZ/
total number of notices filed so far this month: 532 for 2,660,000 oz
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Bitcoin: OPENING MORNING TRADE : $ 6986 UP 219
Bitcoin: FINAL EVENING TRADE: $ 7154 UP 257
Let us have a look at the data for today
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IN SILVER THE COMEX OI ROSE BY A SMALL SIZED 439 CONTRACTS FROM 223,340 UP TO 223,779 DESPITE THE 6 CENT LOSS IN SILVER PRICING AT THE COMEX DURING ANOTHER RAID ORCHESTRATED BY THE OFFICIAL SECTOR/BANKERS..
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:,
FOR NOV 0,; DEC 413 AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 413 CONTRACTS. WITH THE TRANSFER OF 413 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 413 EFP CONTRACTS TRANSLATES INTO 2.065 MILLION OZ ACCOMPANYING:
1.THE 6 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//
22.605 MILLION OZ STANDING FOR JULY
10.025 MILLION OZ INITIAL STANDING IN AUGUST.
43.030 MILLION OZ INITIALLY STANDING IN SEPT. (HUGE)
7.665 MILLION OZ INITIALLY STANDING IN OCT
FRIDAY, THE CROOKS ORCHESTRATED ANOTHER RAID ON SILVER AND GOLD AS OPTIONS ON THE COMEX EXPIRE ON MONDAY… THEY AGAIN USED HUGE COPIOUS NON BACKED PAPER IN THEIR SUCCESSFUL ENDEAVOUR TO WHACK SILVER’S PRICE ( IT WAS DOWN 6 CENTS ). ALSO OUR OFFICIAL SECTOR/BANKERS WERE AGAIN UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE SILVER LONGS AS THE TOTAL GAIN IN OI ON BOTH EXCHANGES TOTALED A STRONG 1152 CONTRACTS. OR 5.76 MILLION OZ…..THE RAID BY OUR BANKERS FAILED AS THEY COULD NOT COVER ANY OF THEIR HUGE SHORTFALL.
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF NOV:
36,170 CONTRACTS (FOR 17 TRADING DAYS TOTAL 36,170 CONTRACTS) OR 180.85 MILLION OZ: (AVERAGE PER DAY: 2127 CONTRACTS OR 10.63 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF AUGUST: 180.85 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 25.83% 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: 1780.44 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
AUG. 2019 TOTAL EFP ISSUANCE; 216.47 MILLION OZ
SEPT 2019 TOTAL EFP ISSUANCE 174.900 MILLION OZ
OCTOBER 2019 ISSUANCE: 146.14 MILLION OZ
RESULT: WE HAD A SMALL SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 439, DESPITE THE 6 CENT LOSS IN SILVER PRICING AT THE COMEX /FRIDAY... THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE OF 413 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 GOOD SIZED: 1152 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 413 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH INCREASE OF 439 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 6 CENT LOSS IN PRICE OF SILVER (FOLLOWING ANOTHER RAID), AND A CLOSING PRICE OF $17.03 WITH RESPECT TO FRIDAY’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. 1.121 BILLION OZ TO BE EXACT or 160% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 0 NOTICE(S) FOR NIL OZ OF SILVER
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.78.
.
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 10.025 MILLION OZ/ SEPT 43.030 MILLION OZ//OCT: 7.665 MILLION OZ//
- THE RECORD WAS SET IN 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 COMEX OPEN INTEREST FELL BY A GOOD SIZED 10,180 CONTRACTS, AND MOVING AWAY FROM THAT NEW ALL TIME RECORD OF 719,211 (SET NOV 20/2019). THE NEW OI RESTS AT 692,465. ALL OF THE LOSS IN OI WAS DUE TO LIQUIDATION OF THE SPREADERS
THE LOSS IN COMEX OI OCCURRED WITH A TINY $1.00 PRICING LOSS WITH RESPECT TO COMEX GOLD PRICING// FRIDAY// /
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 9159 CONTRACTS:
NOV 2019: 0 CONTRACTS, DEC> 6950 CONTRACTS; FEB: 2209 AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 692,465,,. 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 GOOD AND CRIMINALLY SIZED LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1,021 CONTRACTS: 10,180 CONTRACTS DECREASED AT THE COMEX AND 9159 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS OF 1021 CONTRACTS OR 102,100 OZ OR 3.175 TONNES. FRIDAY WE HAD A LOSS OF $1.00 IN GOLD TRADING ACCOMPANYING ANOTHER RAID ON OUR PRECIOUS METALS…….
AND WITH THAT LOSS IN PRICE, WE STILL HAD A GOOD LOSS IN GOLD TONNAGE ON OUR TWO EXCHANGES OF 3.175 TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON AS ANOTHER RAID WAS AGAIN INITIATED. THE BANKERS WERE SUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD’S PRICE (DOWN $1.00) .THEY WERE DEFINITELY NOT SUCCESSFUL IN FLEECING GOLD LONGS FROM THE GOLD ARENA AS THE ENTIRE LOSS IN COMEX OI WAS DUE TO THE LIQUIDATION OF SPREADERS..
FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:
THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR SILVER..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR GOLD. THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE
FOR THOSE OF YOU WHO ARE NEWCOMERS HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;
MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:
.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:
“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH 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 NOW INTO THE NON ACTIVE DELIVERY MONTH OF OCT HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF OCTOBER FOR GOLD.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES, HERE IS THE BANKERS MODUS OPERANDI:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE IN THIS NON ACTIVE MONTH OF NOV 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 (DEC), 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 NOV : 149,962 CONTRACTS OR 14,996,200 oz OR 466.44 TONNES (17 TRADING DAY AND THUS AVERAGING: 8821 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 17 TRADING DAYS IN TONNES: 466.44 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 466.44/3550 x 100% TONNES =13.12% OF GLOBAL ANNUAL PRODUCTION
WE ARE WITNESSING AN INCREASING USE OF OUR EXCHANGE FOR PHYSICAL MECHANISM TO MOVE CONTRACTS OFF OF NY AND INTO LONDON. IT BEGAN IN JUNE 2019 AND CONTINUES TO THIS DAY.
ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE: 5146,60 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
AUG. 2019 TOTAL ISSUANCE: 639.62 TONNES
SEPT 2019 TOTAL EFP ISSUANCE 509.57 TONNES
OCT 2019 EFP ISSUANCE 497.16 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 STRONG SIZED DECREASE IN OI AT THE COMEX OF 10,180 WITH THE PRICING LOSS THAT GOLD UNDERTOOK FRIDAY($1.00)) //.WE ALSO HAD A HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 9,159 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 9,159 EFP CONTRACTS ISSUED, WE HAD A GOOD BUT CRIMINALLY SIZED LOSS OF 1,021 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
9,159 CONTRACTS MOVE TO LONDON AND 10,180 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE LOSS IN TOTAL OI EQUATES TO 3.175 TONNES). ..AND THIS LACK OF DEMAND OCCURRED DESPITE THE TINY LOSS IN PRICE OF $1.00 WITH RESPECT TO FRIDAY’S TRADING/RAID AT THE COMEX.
THE COMEX IS NOW UNDER FULL ASSAULT WITH RESPECT TO GOLD AND SILVER.
we had: 7 notice(s) filed upon for 700 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 $6.45 TODAY//(COMEX-TO COMEX)
no changes in gold inventory at the GLD
NOV 25/2019/Inventory rests tonight at 891.79 tonnes
SLV/
WITH SILVER DOWN 12 CENTS TODAY:
NO CHANGE IN SILVER INVENTORY AT THE SLV//
/INVENTORY RESTS AT 374.732 MILLION OZ
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
end
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 ROSE BY A SMALL SIZED 413 CONTRACTS from 223,340 UP TO 223,779 AND CLOSER TO A NEW COMEX RECORD. THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT 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 2 YEARS AGO. THE PRICE OF SILVER ON THAT DAY: $17.89.
EFP ISSUANCE:
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
FOR NOV. 0; FOR DEC 413: AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 413 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 439 CONTRACTS TO THE 413 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A GOOD BUT CRIMINALLY SIZED GAIN OF 1152 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES: 5.76 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 18.765 MILLION OZ FOR MAY NOW 2.660 MILLION OZ FOR JUNE WITH JULY AT 22.605 MILLION OZ AUGUST AT 10.025 MILLION OZ// SEPT: 43.030 MILLION OZ///OCT: 7.665 MILLION OZ//
RESULT: A CONSIDERABLE SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE 6 CENT LOSS IN PRICING THAT SILVER UNDERTOOK IN PRICING// YESTERDAY. WE ALSO HAD A GOOD SIZED 413 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)MONDAY MORNING/ SUNDAY NIGHT:
SHANGHAI CLOSED UP 20.88 POINTS OR 0.72% //Hang Sang CLOSED UP 397.46 POINTS OR 1.50% /The Nikkei closed UP 179.93 POINTS OR 0.78%//Australia’s all ordinaires CLOSED UP .28%
/Chinese yuan (ONSHORE) closed UP at 7.0351 /Oil DOWN TO 57.62 dollars per barrel for WTI and 63.35 for Brent. Stocks in Europe OPENED MIXED// ONSHORE YUAN CLOSED DOWN // LAST AT 7.0351 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 7.0325 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 BELOW 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
3b) REPORT ON JAPAN
3C CHINA
i)Hong Kong
Hong Kong as expected elects pro democracy candidates amid record turnout. The big protest organizer also
wins his seat
(zerohedge)
ii)China
iii)Very scary!! China’s important momentum indicator signals more downside as the world’s global economy falters(zerohedge)
iv)This comes from the Chinese media: do not be surprised to see that the next country to cut rates to zero is China itself.
4/EUROPEAN AFFAIRS
Uk// Fed,/Hong Kong
Michael E//Hong very of Rabobank discusses important events of today including the huge lead in the UK upcoming election
Michael Every/Rabobank)
7. OIL ISSUES
8 EMERGING MARKET ISSUES
9. PHYSICAL MARKETS
What planet is this guy on: he is totally unaware of the manipulation of the gold price.
(GATA/Kitco)
10. important USA stories which will influence the price of gold/silver
MARKET TRADING//USA
a)Market trading/LAST NIGHT/USA
b)MARKET TRADING/USA/AFTERNOON
ii)Market data/USA
A very important national index on USA economic activity. It plunged to a two year low
(zerohedge)
iii) Important USA Economic Stories
We told you that the repo mess is not going away. The new Fed 42 day repo is oversubscribed in a scramble for year end liquidity
(zerohedge)
iv) Swamp commentaries)
i)This is getting juicier by the minute: Now we learn that the Hunter Biden company Rosemont Capital received over $130 million i Federal loans while Joe Biden was Vice President. Huge conflict!
(zerohedge)
ii)This is a very important read: John Solomon’s 28 facts crashing the debunked conspiracy of the Democrats
(John Solomon)
iii)Another very read…the history of how the Ukraine came to be and how this nation is in the Russian sphere of influence and not the West,
iv)Seems that Joe Biden has just threatened Lindsay Graham(zerohedge)
v)After a poor showing these past several days, it looks like the Democrats are getting cold feed on impeachment
(zerohedge)
v) King report/Courtesy of Chris Powell of GATA which includes the major swamp stories.
LET US BEGIN: