GOLD::$1767.00 UP $2.90 The quote is London spot price
Silver:$17.81//DOWN 1 CENT London spot price
LBMA/OTC OPTIONS EXPIRE JUNE 30//
Closing access prices: London spot
i)Gold : $1772.95 LONDON SPOT 4:30 pm
ii)SILVER: $17.86//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
AUG GOLD: $1798.00 CLOSE 1.30 PM// SPREAD SPOT/FUTURE JUNE: $28.00
CLOSING SILVER FUTURE MONTH
SILVER JULY COMEX CLOSE; $17.98…1:30 PM.//SPREAD SPOT/FUTURE JULY// : 17 CENTS PER OZ
the gold market continues to be broken as future prices are much higher than spot prices. The comex is desperate to fix things but they have no available gold.
If one is to buy gold and or gold coins, the price is around $2600. usa per oz
and silver; $29.00 per oz//
LADIES AND GENTLEMEN: YOU ARE NOW WITNESSING FIRST HAND THE DIFFERENCE BETWEEN PAPER GOLD/SILVER AND THE REAL PHYSICAL STUFF!!
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 136/208
issued 128
EXCHANGE: COMEX
CONTRACT: JUNE 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,772.500000000 USD
INTENT DATE: 06/26/2020 DELIVERY DATE: 06/30/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
152 C DORMAN TRADING 5
657 C MORGAN STANLEY 6
661 C JP MORGAN 128 131
661 H JP MORGAN 5
686 C INTL FCSTONE 29
690 C ABN AMRO 30 10
737 C ADVANTAGE 14
800 C MAREX SPEC 50
905 C ADM 5
991 H CME 3
____________________________________________________________________________________________
TOTAL: 208 208
MONTH TO DATE: 55,101
NUMBER OF NOTICES FILED TODAY FOR JUNE CONTRACT: 208 NOTICE(S) FOR 20800 OZ (0.6469 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 55,101 NOTICES FOR 5,510,100 OZ (171.38 TONNES)
SILVER
FOR JUNE
0 NOTICE(S) FILED TODAY FOR nil OZ/
total number of notices filed so far this month: 441 for 2,205,000 oz
BITCOIN MORNING QUOTE $9080 DOWN 31
BITCOIN AFTERNOON QUOTE.: $9147 UP $29
GLD AND SLV INVENTORIES:
WITH GOLD UP $2.90 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL”?
A MONSTROUS (CRIMINAL) CHANGE IN GOLD INVENTORY AT THE GLD// A DEPOSIT 3.61 TONNES OF GOLD
GLD: 1,178.90 TONNES OF GOLD//
WITH SILVER DOWN 1 CENT TODAY: AND WITH NO SILVER AROUND
TWO CHANGES IN SILVER INVENTORY AT THE SLV.
A SMALL PAPER WITHDRAWAL OF 0.466 MILLION OZ OUT OF THE SLV///
AND THIS IS TO PAY FOR STORAGE FEES AND INSURANCE,
AND A HUGE 1.212 MILLION OZ OF A DEPOSIT INTO THE SLV//
RESTING SLV INVENTORY TONIGHT:
SLV: 492.604 MILLION 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 BY A CONSIDERABLE SIZED 1911 CONTRACTS FROM 177,948 DOWN TO 176,037, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED LOSS IN OI OCCURRED DESPITE OUR GOOD 6 CENT GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS PRIMARILY DUE TO SPREADER LIQUIDATION ALONG WITH HUGE BANKER SHORT COVERING PLUS A GOOD EXCHANGE FOR PHYSICAL ISSUANCE, MINIMAL LONG LIQUIDATION, ACCOMPANYING A ZERO INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE. WE HAD A NET LOSS IN OUR TWO EXCHANGES OF 772 CONTRACTS (SEE CALCULATIONS BELOW).
WE HAVE ALSO WITNESSED A HUMONGOUS 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 GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: JULY: 335 AND SEP 427 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 782 CONTRACTS. WITH THE TRANSFER OF 1051 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 1782 EFP CONTRACTS TRANSLATES INTO 3.910 MILLION OZ ACCOMPANYING:
1.THE 6 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 FINAL STANDING IN JAN
1.480 MILLION OZ FINAL STANDING IN FEB
23.005 MILLION OZ FINAL STANDING FOR MAR
4.660 MILLION OZ FINAL STANDING FOR APRIL
45.220 MILLION OZ FINAL STANDING FOR MAY
2.205 MILLION OF INITIALLY STANDING FOR JUNE
FRIDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE 6 CENTS).. AND,OUR OFFICIAL SECTOR/BANKERS WERE NO DOUBT UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS FROM THEIR POSITIONS. THE STRONG LOSS AT THE COMEX WAS ACCOMPANIED BY : i) A STRONG SPREADER LIQUIDATION, ii) A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A ZERO INCREASE IN SILVER OZ STANDING, HUGE BANKER SHORT COVERING AND 4) MINIMAL LONG LIQUIDATION AS WE DID HAVE A STRONG NET LOSS OF 1129 CONTRACTS OR 5.645 MILLION OZ ON THE TWO EXCHANGES! YOU CAN BET THE FARM THAT OUR BANKER ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER
SPREADING OPERATIONS
OUR SPREADING OPERATION HAS NOW SWITCHED INTO SILVER…..
SPREADING OPERATION FOR OUR NEWCOMERS:
FOR NEWCOMERS, HERE ARE THE DETAILS:
SPREADING LIQUIDATION HAS NOW COMMENCED IN SILVER AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF JULY.
FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;
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
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 JUNE HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF JULY FOR SILVER:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE IN THIS NON ACTIVE MONTH OF JUNE. 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 (JULY), 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.”
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS
JUNE
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY /FOR MONTH OF JUNE:
13,545 CONTRACTS (FOR 22 TRADING DAY(S) TOTAL 13,545 CONTRACTS) OR 67.88 MILLION OZ: (AVERAGE PER DAY: 615 CONTRACTS OR 3.078 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF MAY: 67.88 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 2020 TO DATE SILVER EFP’S: 1,133.94 MILLION OZ.
JANUARY 2020 EFP TOTALS SO FAR: 181.61 MILLION OZ
FEB 2020 EFP’S TOTAL : …… 259.600 MILLION OZ
MARCH EFP’S ….. 452.280 MILLION OZ //TOTALS//AND A NEW RECORD FOR THE MONTH)
APRIL EFP 95.355 MILLION OZ. (EX. FOR PHYSICALS BECOMING A LOT LESS)
MAY EFP FINAL: 77.27 MILLION OZ
JUNE EXP SO FAR 67.88 MILLION OZ.
EXCHANGE FOR PHYSICAL ISSUANCE FOR THE PAST 60 DAYS IS A LOT LESS. NO DOUBT THAT THE COST TO CARRY THESE THINGS HAS EXPLODED AND AS SUCH CANNOT BE DONE AS FREQUENTLY AS BEFORE.
RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1911, DESPITE OUR 6 CENT GAIN IN SILVER PRICING AT THE COMEX ///FRIDAY… THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE OF 782 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
TODAY WE LOST A STRONG SIZED OI CONTRACTS ON THE TWO EXCHANGES: 1129 CONTRACTS (DESPITE OUR 6 CENT GAIN IN PRICE)//WITH THE DOMINANT FACTOR OF OI LOSS BEING SPREADER LIQUIDATION
THE TALLY//EXCHANGE FOR PHYSICALS
i.e 772 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH A STRONG SIZED DECREASE OF 1911 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED DESPITE A 6 CENT GAIN IN PRICE OF SILVER/AND A CLOSING PRICE OF $17.82 // 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 UNDER 1 BILLION oz i.e. 0.8890 BILLION OZ TO BE EXACT or 127% of annual global silver production (ex Russia & ex China).
FOR THE NEW JUNE DELIVERY 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 $14.70//TODAY’S RECORD OF 244,705 IS SET WITH A PRICE OF: 18.91 (FEB 25/2020)
.
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 1.480 MILLION OZ//MAR: 23.005 MILLION OZ/APRIL 4.660 MILLION OZ//MAY 45.220 MILLION OZ//JUNE: 2.205 MILLION OZ//
- THE RECORD PRIOR TO TODAY WAS SET IN FEB 25/2018: 244,710 CONTRACTS, WITH A SILVER PRICE OF $18.90//.
- 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 ROSE BY A CONSIDERABLE SIZED 6483 CONTRACTS TO 545,770 AND CLOSER TO OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE CONSIDERABLE SIZED GAIN OF COMEX OI OCCURRED WITH OUR ADVANCE IN PRICE OF $5.50 /// COMEX GOLD TRADING// FRIDAY// WE HAD STRONG BANKER SHORT COVERING, ANOTHER STRONG SIZED INCREASE IN GOLD OZ STANDING AT THE COMEX, ALONG WITH ZERO LONG LIQUIDATION ACCOMPANYING A SMALL EXCHANGE FOR PHYSICAL ISSUANCE. THIS ALL HAPPENED WITH OUR GAIN IN PRICE OF $5.50 .
WE HAD A VOLUME OF 0 4 -GC CONTRACTS//OPEN INTEREST 25
WE GAINED A STRONG SIZED 9619 CONTRACTS (28.77 TONNES) ON OUR TWO EXCHANGES.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL SIZED 3163 CONTRACTS:
CONTRACT JUNE 0.; AUG 3163 AND DEC: 0 ALL OTHER MONTHS ZERO//TOTAL: 3163. The NEW COMEX OI for the gold complex rests at 545,770. 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 SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 9619 CONTRACTS: 6483 CONTRACTS INCREASED AT THE COMEX AND 3163 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 9619 CONTRACTS OR 28.77 TONNES. FRIDAY, WE HAD A GAIN OF $5.50 IN GOLD TRADING……
AND WITH THAT GAIN IN PRICE, WE HAD A STRONG SIZED GAIN IN TOTAL/TWO EXCHANGES GOLD TONNAGE OF 28.77 TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR SUPPLIED INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON. THE BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD’S PRICE (IT ROSE $5.50).AND IT ALSO SEEMS THAT THEIR ATTEMPT TO FLEECE ANY GOLD LONGS FROM THE GOLD ARENA WAS UNSUCCESSFUL (SEE BELOW).
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:
WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3163) ACCOMPANYING THE CONSIDERABLE SIZED GAIN IN COMEX OI (6483 OI): TOTAL GAIN IN THE TWO EXCHANGES: 9619 CONTRACTS. WE NO DOUBT HAD 1 )HUGE BANKER SHORT COVERING, 2.)A STRONG INCREASE IN GOLD OUNCES STANDING AT THE GOLD COMEX FOR THE FRONT JUNE MONTH, 3) ZERO LONG LIQUIDATION; 4) CONSIDERABLE COMEX OI GAIN.. AND …ALL OF THIS WAS COUPLED WITH OUR GAIN IN GOLD PRICE TRADING//FRIDAY//$5.50.
WE ARE BEGINNING TO WITNESS A LACK OF EXCHANGE FOR GOLD PHYSICALS UNDERWRITTEN DUE TO PREMIUMS STARTING TO REAPPEAR IN THE FUTURE PRICE OF GOLD VS LONDON SPOT. THE COST TO THE BANKERS IS JUST TOO GREAT TO ENGAGE IN THESE VEHICLES ONCE THIS OCCURS.
THE FACT THAT WE ARE CONTINUALLY SEEING A DROP IN COMEX OPEN INTEREST AND VOLUMES COUPLED WITH LESS EXCHANGE FOR PHYSICALS PROBABLY MEANS THAT OUR LONGS ARE ALREADY DEPARTING NEW YORK FOR THE NEW PHYSICAL PLATFORM AT LONDON’S LME.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY
JUNE
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 22 TRADING DAY(S) IN TONNES: 179.37 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2019, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 189.21/3550 x 100% TONNES =5.32% OF GLOBAL ANNUAL PRODUCTION
ISSUANCE OF EXCHANGE FOR PHYSICAL GOLD HAS DISSIPATED THIS MONTH…THE COST TO THE BANKERS TO CARRY THESE CONTRACTS IN LONDON IS BECOMING TOO GREAT FOR THEM.
ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE: 3024.74 TONNES
JANUARY 2220 TOTAL EFP ISSUANCE; : 570.19 TONNES
FEB 2020 TOTAL EFP ISSUANCE : 653.78 TONNES
MARCH TOTAL EFP ISSUANCE 1,098.93 TONNES (*AND A NEW ALL TIME RECORD ISSUANCE//22 DAYS)
APRIL TOTAL EFP. ISSUANCE: 243.45 TONNES (EFP ISSUANCE BECOMING A LOT LESS)
MAY TOTAL EFP ISSUANCE: 248.68 TONNES (EFP ISSUANCE STILL LOW// PREMIUM COST TO THE BANKERS IS HUGE..SO ISSUANCE IS LESS)
JUNE TOTAL EFP ISSUANCE: 189.21 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.
First, here is an outline of what will be discussed tonight:
1.Today, we had the open interest at the comex, in SILVER, FELL BY A STRONG SIZED 1911 CONTRACTS FROM 177,948 DOWN TO 176,037 AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020). 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.
THE STRONG LOSS IN OI SILVER COMEX WAS PRIMARILY DUE TO; 1) STRONG SPREADER LIQUIDATION AND AS WELL WE HAD 2) BANKER SHORT COVERING , 3) A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS (SEE BELOW), 4) A ZERO INCREASE IN SILVER OZ STANDING AT THE COMEX FOR JUNE AND 5) MINIMAL LONG LIQUIDATION
EFP ISSUANCE 782 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
JULY: 335 CONTRACTS AND SEPT: 427 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 782 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 1911 CONTRACTS TO THE 782 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A LOSS OF 1129 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 5.645 MILLION OZ OCCURRED WITH THE 6 CENT GAIN IN PRICE///
RESULT: A STRONG SIZED DECREASE IN SILVER OI AT THE COMEX WITH THE 6 CENT GAIN IN PRICING THAT SILVER UNDERTOOK IN PRICING// FRIDAY. WE ALSO HAD A GOOD SIZED 772 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 DOWN 18.03 POINTS OR 0.61% //Hang Sang CLOSED DOWN 248.71 POINTS OR 1.01% /The Nikkei closed DOWN 517.04 POINTS OR 2.30%//Australia’s all ordinaires CLOSED DOWN 1.60%
/Chinese yuan (ONSHORE) closed DOWN at 7.0756 /Oil UP TO 38.75 dollars per barrel for WTI and 41.16 for Brent. Stocks in Europe OPENED GREEN// ONSHORE YUAN CLOSED UP // LAST AT 7.0756 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 7.0720 TRADE TALKS STALL//YUAN LEVELS GETTING DANGEROUSLY PAST 7:1//TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC : /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%
COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN: