GOLD:
$1584,45 UP $13.05 (COMEX TO COMEX CLOSING)
Silver:$17.98 UP 47 CENTS (COMEX TO COMEX CLOSING)
THERE WILL BE AN ATTEMPTED RAID TOMORROW AS WE ENTER THE FINAL DAY OF LBMA/OTC OPTIONS EXPIRY. I CAN ASSURE YOU THAT MANY STRONG HANDS ARE WAITING FOR THE ATTACK AND WILL BE LOOKING TO CONVERT THOSE PAPER CONTRACTS INTO REAL METAL.
Closing access prices:
Gold : $1574.00
silver: $17.82
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 0/7
EXCHANGE: COMEX
CONTRACT: JANUARY 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,569.800000000 USD
INTENT DATE: 01/29/2020 DELIVERY DATE: 01/31/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
435 H SCOTIA CAPITAL 7
657 C MORGAN STANLEY 2
732 C RBC CAP MARKETS 1
737 C ADVANTAGE 2
905 C ADM 2
____________________________________________________________________________________________
TOTAL: 7 7
MONTH TO DATE: 2,716
we are coming very close to a commercial failure!!
NUMBER OF NOTICES FILED TODAY FOR JAN CONTRACT: 7 NOTICE(S) FOR 700 OZ (0.0217 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 2716 NOTICES FOR 271600 OZ (8.4447 TONNES)
SILVER
FOR JAN
10 NOTICE(S) FILED TODAY FOR 50,000 OZ/
total number of notices filed so far this month: 1005 for 5,025,000 oz
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Bitcoin: OPENING MORNING TRADE : $ 9379 UP $78
Bitcoin: FINAL EVENING TRADE: $ 9542. UP 24
Let us have a look at the data for today
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IN SILVER THE COMEX OI FELL A STRONG SIZED 4509 CONTRACTS FROM 231,933 DOWN TO 227,424 DESPITE OUR TINY 2 CENT GAIN IN SILVER PRICING AT THE COMEX.
TODAY WE ARRIVED CLOSER TO AUGUST’S 2018 RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.
WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP’S. WE WERE NOTIFIED THAT WE HAD A GIGANTIC SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,
; FEB 0; MARCH: 4387 AND MAY: 0 AND JULY: 0 ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 4387 CONTRACTS. WITH THE TRANSFER OF 4387 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 4387 EFP CONTRACTS TRANSLATES INTO 27.460 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 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)
7.32 MILLION OZ INITIALLY STANDING IN OCT
2.630 MILLION OZ STANDING FOR NOV.
20.970 MILLION OZ FINAL STANDING IN DEC
5.075 MILLION OZ INITIALLY STANDING IN JAN
WEDNESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO CONTAIN SILVER’S PRICE…AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE 2 CENTS).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS AS THE TOTAL LOSS IN OI ON BOTH EXCHANGES TOTALED A TINY 122 CONTRACTS. OR 0.610 MILLION OZ…..
IT SURE LOOKS LIKE WE ALSO HAD SOME MAJOR BANK SHORT COVERING YESTERDAY BECAUSE DEMAND FOR PHYSICAL IS JUST TOO GREAT.
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JAN:
32,916 CONTRACTS (FOR 20 TRADING DAYS TOTAL 32,916 CONTRACTS) OR 164.58 MILLION OZ: (AVERAGE PER DAY: 1645 CONTRACTS OR 7.507 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF JAN: 164.58 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 20.38% 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 2020 TO DATE SILVER EFP’S: 164.58 MILLION OZ.
JANUARY 2020 EFP TOTALS SO FAR: 164.58 MILLION OZ
RESULT: WE HAD A GIGANTIC SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4509, DESPITE THE 2 CENT GAIN IN SILVER PRICING AT THE COMEX /WEDNESDAY… THE CME NOTIFIED US THAT WE HAD A VERY HUGE SIZED EFP ISSUANCE OF 4387 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 TINY SIZED SIZED: 122 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 4387 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH DECREASE OF 4509 OI COMEX CONTRACTS.AND ALL OF THIS DEMAND HAPPENED WITH A 2 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $17.51 // WEDNESDAY’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 169% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT JAN MONTH/ THEY FILED AT THE COMEX: 10 NOTICE(S) FOR 50,000 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 $14.70
.
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// NOV: 2.630 MILLION OZ//DEC: 20.970 MILLION OZ; JAN: 5.075 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)
GOLD
IN GOLD, THE COMEX OPEN INTEREST FELL BY A HUGE SIZED 20,834 CONTRACTS TO 694,705 AND MOVING AWAY FROM OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE HUGE FALL IN COMEX OI OCCURRED WITH OUR GAIN OF $0.40 IN PRICING ACCOMPANYING COMEX GOLD TRADING// WEDNESDAY// PARALLELING MONDAY, TUESDAY AND WEDNESDAY WHEREBY WE THE LOSS AT THE COMEX WAS DUE TO SPREADER LIQUIDATION AND HUGE BANKER SHORT COVERING..
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED GOOD SIZED 6464 CONTRACTS:
JAN 2020: 0 CONTRACTS, FEB> 530 CONTRACTS; MARCH 00 APRIL: 5151; JUNE. 783 AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 694,705,. 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 HUGE SIZED LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 14,370 CONTRACTS: 20,834 CONTRACTS DECREASED AT THE COMEX AND 6,464 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS OF 14,370 CONTRACTS OR 1,437,000 OZ OR 44.69 TONNES. TUESDAY WE HAD A TINY GAIN OF $0.40 IN GOLD TRADING.
AND WITH THAT GAIN IN PRICE, WE HAD A HUGE LOSS IN GOLD TONNAGE OF 44.69 TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON. THE BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD’S PRICE (UP $0.40). IT SEEMS THAT THEIR ATTEMPT TO FLEECE GOLD LONGS FROM THE GOLD ARENA FAILED AS ALMOST ALL LOSS IN COMEX OI WAS DUE TO SPREADER LIQUIDATION..AND BANKER SHORT COVERING
SPREADING LIQUIDATION HAS NOW STOPPED IN SILVER AS THEY MORPH INTO GOLD AS THEY HEAD TOWARDS THE NEW FRONT MONTH WILL BE FEBRUARY.
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 GOLD..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR SILVER. 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 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 JAN HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF FEBRUARY 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 JAN.BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVER WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (FEB), 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 JAN : 175,528 CONTRACTS OR 17,552,800 oz OR 545.96 TONNES (20 TRADING DAYS AND THUS AVERAGING: 8776 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 20 TRADING DAY(S) IN TONNES: 545.96 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 545.96/3550 x 100% TONNES =15.37% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE: 545.96 TONNES
JANUARY 2220 TOTAL EFP ISSUANCE; SO FAR: 545.96 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 HUMONGOUS SIZED DECREASE IN OI AT THE COMEX OF 20,834 WITH THE PRICING GAIN THAT GOLD UNDERTOOK WEDNESDAY($0.40)) //.WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 6464 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 TH GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 6464 EFP CONTRACTS ISSUED, WE HAD A HUGE SIZED LOSS OF 14,370 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
6464 CONTRACTS MOVE TO LONDON AND 20,834 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE LOSS IN TOTAL OI EQUATES TO 44.69 TONNES). ..AND THIS DECREASE OF DEMAND OCCURRED WITH THE GAIN IN PRICE OF $0.40 WITH RESPECT TO WEDNESDAY’S TRADING/// AT THE COMEX.
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With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD UP $13.05 TODAY
A BIG CHANGE IN GOLD INVENTORY AT THE GLD//
A DEPOSIT OF: 4.09 TONNES OF PAPER GOLD
LET US SEE WHAT THE CROOKS DO TO THE INVENTORY AS WE EXPECT A RAID
JAN 30/2019/Inventory rests tonight at 903.50 tonnes
SLV/
WITH SILVER UP 47 CENTS TODAY
A BIG CHANGE IN SILVER INVENTORY AT THE SLV//
A PAPER DEPOSIT OF: 1.027 MILLION OZ INTO THE SLV
JAN 30/INVENTORY RESTS AT 362.746 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
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 A STRONG SIZED 4509 CONTRACTS from 231,933 DOWN TO 227,424 AND FURTHER FROM OUR 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 3/4 YEARS AGO. THE PRICE OF SILVER ON THAT DAY: $17.89.
EFP ISSUANCE 5429
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
FOR FEB. 0; FOR MAR 4387: AND MAY: 0; JULY: 0 CONTRACTS AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 4387 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 4509 CONTRACTS TO THE 4387 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A SMALL GAIN OF 597 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES: 0.610 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: 7.32 MILLION OZ//NOV 2.63 MILLION OZ//DEC: 20.970 MILLION OZ//JAN: 5.075 MILLION OZ//
RESULT: A STRONG SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE 2 CENT GAIN IN PRICING THAT SILVER UNDERTOOK IN PRICING// WEDNESDAY. WE ALSO HAD A STRONG SIZED 4387 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 //Hang Sang CLOSED /The Nikkei closed DOWN 401.65 POINTS OR 1.72%//Australia’s all ordinaires CLOSED DOWN .38%
/Chinese yuan (ONSHORE) closed/Oil UP TO 52.15 dollars per barrel for WTI and 58.31 for Brent. Stocks in Europe OPENED ALL RED// ONSHORE YUAN CLOSED DOWN // LAST AT xxxxx AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.9932 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 xxx LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW PHASE ONE COMPLETED.WORKING ON PHASE TWO..
3A//NORTH KOREA/ SOUTH KOREA
3b) REPORT ON JAPAN
3C CHINA
i)CHINA
HUNDREDS OF STRANDED FOREIGNERS ARE NOW TRAPPED INSIDE WUHAN
(ZEROHEDGE)
i b)CORONAVIRUS/UPDATE THIS MORNING FROM WUHAN(ZEROHEDGE)
ii)The virus is very strange. Somehow in some children it does does display symptoms..it raises the fears of latent community outbreaks
(zerohedge)
iii)China/coronavirus/USA
The advent of the coronavirus could hinder Beijing’s ability fo fulfil;l phase one of the trade deal with the uSA
(zerohedge)
4/EUROPEAN AFFAIRS
i)GREAT BRITAIN
the pound rises as Carney keeps interest rates steady despite poor economic numbers. This is Carney’s last meeting and he will be replaced by FCA head Andrew Baileyu
(zerohedge)
ii)5G/GERMANY USA/HUAWEI
USA passes intelligence to Germany with respect to Huawei’s influence from Chinese state intelligence operations. The USA provided Germany with a “smoking gun”
on the Huawei dossier which compromised European security.
(zerohedge)_
iii)GERMANY/DEUTSCHE BANK
After slashing bonuses our perennial zombie bank now delays promised pay rises
(zerohedge)
7. OIL ISSUES
8 EMERGING MARKET ISSUES
9. PHYSICAL MARKETS
i)Gold’s good friend Jan Nieuwenhuijs (Koos Jansen) writes that China’s central bank is still intervening in the gold market enough to raise prices by at least 0.5%
(courtesy Nieuwenhuijs/GATA)
ii)Thom Calandra/GATA
If you are looking for mining prospects, try the Calandra report
(Thom Callandra/GATA
iii)The London’s financial times gives a rare compliment to gold
(Sanderson/London’s Financial Times/GATA)
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
(zerohedge)
iii) Important USA Economic Stories
a)JPMorgan our perennial crook is slashing hundreds of jobs across its consumer division as they are finding it more difficult to rape consumers.
(zerohedge)
b)Senator Cotton is now calling for the immediate shut down of all flights form China to the uSA
(Watson/Summit News)
iv) Swamp commentaries)
a)Michael Flynn files defense motion saying that his former legal team has conflict of interests and betrayed him
quite a story..
(Sara Carter)
b)Lindsay Graham says that if necessary he has the votes to secure a tsunami of witnesses: the Bidens, the Whistleblower/Schiff, Schiff’s staff etc
c)This is big: Ukrainian Prosecutor Victor Shokin files a federal complaint against Joe Biden
v) King report/Courtesy of Chris Powell of GATA which includes the major swamp stories.
Attachments area
LET US BEGIN:
Let us head over to the comex: