i have a major problem with word press
when i published
everything obliterated
I will try and send the preliminary data
and i will work on it tonight
h
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 68/97
EXCHANGE: COMEX
CONTRACT: FEBRUARY 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,550.400000000 USD
INTENT DATE: 02/04/2020 DELIVERY DATE: 02/06/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 H GOLDMAN 2
355 C CREDIT SUISSE 6
435 H SCOTIA CAPITAL 17
624 C BOFA SECURITIES 5
657 C MORGAN STANLEY 3
661 C JP MORGAN 53
661 H JP MORGAN 15
686 C INTL FCSTONE 14
690 C ABN AMRO 17 1
737 C ADVANTAGE 38 6
800 C MAREX SPEC 11 1
880 C CITIGROUP 5
____________________________________________________________________________________________
TOTAL: 97 97
MONTH TO DATE: 5,116
we are coming very close to a commercial failure!!
NUMBER OF NOTICES FILED TODAY FOR FEB CONTRACT: 97 NOTICE(S) FOR 9700 OZ (0.3017 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 5116 NOTICES FOR 511600 OZ (15.913 TONNES)
SILVER
FOR FEB
82 NOTICE(S) FILED TODAY FOR 410,000 OZ/
total number of notices filed so far this month: 203 for 1,015,000 oz
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Let us have a look at the data for today
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IN SILVER THE COMEX OI FELL A CONSIDERABLE SIZED 2950 CONTRACTS FROM 227,886 DOWN DOWN TO 224,936 WITH OUR 9 CENT LOSS IN SILVER PRICING AT THE COMEX.
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 FAIR SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,
; FEB 0; MARCH: 414 AND MAY: 0 AND JULY: 0 ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 414 CONTRACTS. WITH THE TRANSFER OF 414 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 414 EFP CONTRACTS TRANSLATES INTO 2.070 MILLION OZ ACCOMPANYING:
1.THE 9 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)
7.32 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 FINAL STANDING IN JAN
1.025 MILLION OZ INITIALLY STANDING IN FEB
TUESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO CONTAIN SILVER’S PRICE…AND THEY WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL 9 CENTS).. AND, OUR OFFICIAL SECTOR/BANKERS WERE SOMEWHAT SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS AS THE TOTAL LOSS IN OI ON BOTH EXCHANGES TOTALED A STRONG 2536 CONTRACTS. OR 12.68 MILLION OZ…..
A LOT OF EFFORT TO FLEECE A TINY AMOUNT OF SILVER LONGS. SO AGAIN IT SURE LOOKS LIKE WE HAD BOTH BANK SHORT COVERING AND LONG LIQUIDATION.
DEMAND FOR PHYSICAL SILVER IS STILL VERY STRONG AND GOING THROUGH THE ROOF.
WE HAVE NOW COMMENCED IN SILVER THE ILLEGAL SPREADING OPERATION. FOR NEWCOMERS, HERE ARE THE DETAILS:
SPREADING LIQUIDATION HAS NOW STOPPED IN GOLD AS THEY NOW BEGIN TO MORPH INTO SILVER AS WE HEAD TOWARDS THE NEW FRONT MONTH WILL BE MARCH.
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 SILVER AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX SILVER OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.
HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF FEB HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF MARCH FOR SILVER:
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 FEB .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 (MAR), 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 FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF FEB:
2465 CONTRACTS (FOR 3 TRADING DAYS TOTAL 2465 CONTRACTS) OR 12.325 MILLION OZ: (AVERAGE PER DAY: 821.6 CONTRACTS OR 4.108 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF FEB: 12.325 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 1.760% 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: 193.93 MILLION OZ.
JANUARY 2020 EFP TOTALS SO FAR: 181.61 MILLION OZ
FEB 2020 EFP’S TOTAL SO FAR: …… 12.325 MILLION OZ
RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2950, WITH THE 9 CENT GAIN IN SILVER PRICING AT THE COMEX /TUESDAY… THE CME NOTIFIED US THAT WE HAD A FAIR SIZED EFP ISSUANCE OF 414 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER (SEE COMEX DATA)
TODAY WE LOST A CONSIDERABLE SIZED SIZED: 2536 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 414 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH DECREASE OF 2606 OI COMEX CONTRACTS.AND ALL OF THIS DEMAND HAPPENED WITH A 9 CENT FALL IN PRICE OF SILVER AND A CLOSING PRICE OF $17.59 // TUESDAY’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 FEB DELIVERY MONTH/ THEY FILED AT THE COMEX: 82 NOTICE(S) FOR 410,000 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.//FEB 1.025 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 AN ATMOSPHERIC SIZED 19,557 CONTRACTS TO 654,572 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 LOSS OF $26.10 IN PRICING /// COMEX GOLD TRADING// TUESDAY// THERE IS NOW , NO DOUBT THAT THE LOSS MOST OF THE FALL IN COMEX OPEN INTEREST WAS DUE TO BANKER SHORT COVERING AS PHYSICAL DEMAND IS OVERTAKING THE HUGE INFLUX OF SHORT PAPER. TO FURTHER BOOST OUR CONTENTION ON THIS, THE EXCHANGE FOR PHYSICALS WAS AGAIN ATMOSPHERIC……
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUMONGOUS SIZED 19,557 CONTRACTS:
CONTRACTS, FEB> 0 CONTRACTS; MARCH 00 APRIL: 17,478; JUNE. 0 AND ALL OTHER MONTHS ZERO//TOTAL: 17,478. The NEW COMEX OI for the gold complex rests at 655,311,. 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 SMALL SIZED LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2079 CONTRACTS: 19,557 CONTRACTS DECREASED AT THE COMEX AND 17,478 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS OF 1340 CONTRACTS OR 134,000 OZ OR 4.167 TONNES. TUESDAY WE HAD A HUGE LOSS OF $26.10 IN GOLD TRADING….
AND WITH THAT HUGE LOSS IN PRICE, WE HAD A SMALL LOSS IN GOLD TONNAGE OF 6.466 TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON. THE BANKERS WERE SUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD’S PRICE (DOWN $26.10). IT SEEMS THAT THEIR ATTEMPT TO FLEECE GOLD LONGS FROM THE GOLD ARENA BASICALLY FAILED AS ALMOST ALL LOSS IN COMEX OI LOSS WAS DUE TO BANKER SHORT COVERING AND OUR COMEX LONGS JUST SWITCHED ALLEGIANCE IN GOLD BY MORPHING FROM NEW YORK TO LONDON AS THEY ACCEPTED THEIR GOLD BASED FORWARDS AND RECEIVED A HEALTHY BONUS FOR THEIR EFFORTS.
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEB : 47,141 CONTRACTS OR 4,714,100 oz OR 146.63TONNES (3 TRADING DAYS AND THUS AVERAGING: 15,713 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 3 TRADING DAY(S) IN TONNES: 146.63 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 146.63/3550 x 100% TONNES =2.59% OF GLOBAL ANNUAL PRODUCTION
ISSUANCE OF EXCHANGE FOR PHYSICAL /GOLD HAS EXPLODED THIS MONTH.
ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE: 716.81 TONNES
JANUARY 2220 TOTAL EFP ISSUANCE; SO FAR: 570.19 TONNES
FEB 2020 TOTAL EFP ISSUANCE SO FAR: 146.63 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: AN ATMOSPHERIC SIZED DECREASE IN OI AT THE COMEX OF 19,557 WITH THE PRICING LOSS/RAID THAT GOLD UNDERTOOK TUESDAY($24.10)) //.WE ALSO HAD AN ATMOSPHERIC SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 17,478 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 17,478 EFP CONTRACTS ISSUED, WE HAD A SMALL SIZED LOSS OF 2079 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
17,478 CONTRACTS MOVE TO LONDON AND 19,557 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE LOSS IN TOTAL OI EQUATES TO 6.466 TONNES). ..AND THIS SMALL DECREASE OF DEMAND OCCURRED DESPITE THE HUGE LOSS IN PRICE OF $26.10 WITH RESPECT TO TUESDAY’S TRADING/// AT THE COMEX.
Let us head over to the comex:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY AN ATMOSPHERIC SIZED 19,557 CONTRACTS TO 654,572 MOVING AWAY FROM OUR RECORD THAT WAS SET LAST WEEK: {799,541 OI(SET JAN 16/2020)} AND PREVIOUS TO THAT: 797,110 (SET JAN 7/2020). AND THIS LOSS IN OI WAS SET WITH A CONSIDERABLE LOSS OF $5.40 IN GOLD PRICING //MONDAY’S COMEX TRADING//). NOW WE KNOW FOR SURE THAT THE LOSS IN COMEX OI WAS PREDOMINATELY BANKER SHORT COVERING AS SOMETHING AGAIN HAS SCARED THEM TO DEATH. WE KNOW THIS DUE TO THE HUGE NUMBER OF EXCHANGE FOR PHYSICALS ISSUED AS YOU WILL SEE BELOW!!!
WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF FEB.. THE CME REPORTS THAT THE BANKERS ISSUED AN ATMOSPHERIC SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 17,478 EFP CONTRACTS WERE ISSUED:
FEB: 0; MARCH 00 AND APRIL: 17,478, JUNE : 0 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 17,478 CONTRACTS.
THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS. ALSO REMEMBER THAT THERE IS NO DOUBT A HUGE DELAY IN THE ISSUANCE OF EFP’S AND IT PROBABLY TAKES AT LEAST 48 HRS AFTER OUR LONGS GIVE UP THEIR COMEX CONTRACTS FOR THEM TO RECEIVE THEIR EFP’S AS THEY ARE NEGOTIATING THIS CONTRACT WITH THE BANKS FOR A FIAT BONUS PLUS THEIR TRANSFER TO A LONDON BASED FORWARD.
ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A SMALL SIZED 1340 TOTAL CONTRACTS IN THAT 17,478 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST A GIGANTIC 18,818 COMEX CONTRACTS. ALL OF THE LOSS IN COMEX OI WAS DUE TO BANKER SHORT COVERING AS THEY ARE NOW IN PANIC MODE…MOST OF THE LONGS JUST MORPHED INTO LONDON BASED FORWARDS.
THE BANKERS SUPPLIED THE NECESSARY AND INFINITE AMOUNT OF SHORT PAPER IN GOLD. THE BANKERS WERE SOMEWHAT SUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT FELL BY $26.10). BUT THEY WERE MOST DEFINITELY UNSUCCESSFUL IN FLEECING ANY LONGS, WITH ALMOST ALL OF THE LOSS IN COMEX DUE TO THE HUGE BANKER SHORT COVERING OPERATION..AND IN TOTAL ON THE TWO EXCHANGES, WE LOST A SMALL SIZED 1340 CONTRACTS ON OUR TWO EXCHANGES….(6.466 TONNES)
NET LOSS ON THE TWO EXCHANGES :: 2079 CONTRACTS OR 207,900 OZ OR 6.466 TONNES.
COMMODITY LAW SUGGESTS THAT COMMODITY FUTURES OPEN INTEREST SHOULD APPROXIMATE 3% OF TOTAL PRODUCTION. IN GOLD THE WORLD PRODUCES AROUND 3500 TONNES PER YEAR BUT ONLY 2200 TONNES ARE AVAILABLE FROM THE WEST (THUS EXCLUDING RUSSIA, CHINA ETC..WHO KEEP 100% OF THEIR PRODUCTION)
THUS IN GOLD WE HAVE THE FOLLOWING: 655,311 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 65.53 MILLION OZ/32,150 OZ PER TONNE = 2,038 TONNES
THE COMEX OPEN INTEREST REPRESENTS 2,038/2200 OR 92.64% OF ANNUAL GLOBAL PRODUCTION OF GOLD.
We are now in the active contract month of FEB. This month is a very strong delivery month following December and June.
…. Today with respect to our front month of February we had an open interest of 2782 contracts for loss of 798 contracts. We had 819 notices served on Tuesday, so we now begin the banker quest for physical on this side of the pond… we gained 21 or an additional 2100 oz will stand for delivery as these guys refused to morph into London based forwards and as well negate a fiat bonus. As I pointed out yesterday: :We generally see a bigger migration over to London at the beginning of the month…so it looks like more guys are staying around on this side of the pond looking for physical metal.” So already on day 3 they are seeking physical metal trying to put out fires elsewhere.
The next active delivery month after February is the non active delivery month of March.
March LOST 85 contracts to stand at an open interest of, 3099.
The next active delivery month after March is April and here we witnessed a loss of 18,516 contacts down to 482,908 oi contracts….almost of these guys really did not leave the gold arena..they just shifted their allegiance to gold from New York to London
.FOR THE FEB 2020 CONTRACT MONTH)Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 97 contract(s) of which 15 notices were stopped (received) by j.P. Morgan dealer and 53 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account and 0 notices by the squid (Goldman Sachs)
To calculate the INITIAL total number of gold ounces standing for the FEB /2020. contract month, we take the total number of notices filed so far for the month (5116) x 100 oz , to which we add the difference between the open interest for the front month of FEB. (2782 contracts) minus the number of notices served upon today (97 x 100 oz per contract) equals 780,100 OZ OR 24.26 TONNES) the number of ounces standing in this active month of FEB
Thus the INITIAL standings for gold for the FEB/2020 contract month:
No of notices served (5116 x 100 oz) + (2782)OI for the front month minus the number of notices served upon today (97 x 100 oz )which equals 780,100 oz standing OR 24.26 TONNES in this active delivery month of FEB. which is a still a great opening for gold // amount standing.
We GAINED a considerable 21 contracts or 2100 oz as they guys refused to morph into London based forwards. They will try their luck finding physical metal over here.