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Harvey Organ: Gold & Silver Are Looking Quite Strong

Harvey says COMEX gold is now under stress for two reasons, and despite the continued whackings, gold & silver look quite strong. Here’s an update…

by Harvey Organ of Harvey Organ Blog

MARCH 25/GOLD AND SILVER QUITE STRONG TODAY//GOLD UP $9.85//SILVER UP 15 CENTS//HAMAS LAUNCHES ANOTHER ROCKET INTO ISRAEL AND NOW ISRAEL RESPONDS WITH FORCE//USA RECOGNIZES ISRAEL’S ANNEXATION OF THE GOLAN HEIGHTS//CHAOS SUPREME RUNS THE GAMBIT INSIDE THE UK AS IT LOOKS LIKE A NO DEAL BREXIT WILL BE THE STORY OF THE DAY///RUSSIA DELIVERS A RED LINE TO THE USA WITH RESPECT TO VENEZUELA//MUELLER PROBE REVEALS NO COLLUSION AND NOW THE REPUBLICANS GO ON THE OFFENSIVE///THE 10 YR USA BONY YIELD DROPS TO 2.375 : THIS IS THE KEY INTEREST RATE TO WHICH THE ENTIRE ECONOMY FOCUSES ON//MORE SWAMP STORIES FOR YOU TONIGHT///

GOLD: $1322.60  UP $9.85 (COMEX TO COMEX CLOSING)

Silver:  $15.56 UP 15 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold :  $1322.40

 

silver: $15.54

 

Comex options expire next week:  Wednesday March 27

London/LBMA expires Monday March 31/2019.

The crooks continue with their whacking right in front of the authorities/regulators despite the criminal probe of precious metals manipulations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For comex gold and silver:

MARCH

 

 

 

NUMBER OF NOTICES FILED TODAY FOR  MAR CONTRACT: 0 NOTICE(S) FOR nil OZ (0.00 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  384 NOTICES FOR 38400 OZ  (1.944 TONNES)

 

 

 

FOR MARCH

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0 NOTICE(S) FILED TODAY FOR NIL  OZ/

 

total number of notices filed so far this month: 5380 for 26,900,000

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Bitcoin: OPENING MORNING TRADE $3987:DOWN $2

 

Bitcoin: FINAL EVENING TRADE: $3938  DOWN 66

 

end

JPMorgan or Goldman Sachs are taking a huge issuance (stopping) of gold at the comex.

today 0/0

MONTH TO DATE: 384

Let us have a look at the data for today

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In silver, the total OPEN INTEREST CONTINUES TO RISE FOR THE FIFTH CONSECUTIVE TIME:  THIS TIME BY A STRONG  SIZED 1335 CONTRACTS FROM 190,915 UP TO 192,250 DESPITE FRIDAY’S 7 CENT FALL IN SILVER PRICING AT THE COMEX.  TODAY WE ARRIVED CLOSER TO AUGUST’S 2018  RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS. WE MUST HAVE HAD  CONSIDERABLE SHORT COVERING AGAIN TODAY.

 

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:

0 EFP’S FOR MARCH,  0 FOR APRIL,  378 FOR MAY, 0 FOR DECEMBER AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE: OF 378 CONTRACTS. WITH THE TRANSFER OF 378 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 378 EFP CONTRACTS TRANSLATES INTO 1.890 MILLION OZ  ACCOMPANYING:

1.THE 7 CENT FALL 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.

AND NOW: 27.120 MILLION OZ STANDING IN MARCH.

 

 

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF MARCH:

31,817 CONTRACTS (FOR 17 TRADING DAYS TOTAL 31,817 CONTRACTS) OR 159.085 MILLION OZ: (AVERAGE PER DAY: 1871 CONTRACTS OR 9.357 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF MAR:  159.085 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 22.72% 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:          524.47    MILLION OZ.

JANUARY 2019 EFP TOTALS:                                                      217.455. MILLION OZ

FEB 2019 TOTALS:                                                                       147.4       MILLION OZ/

 

 

RESULT: WE HAD A CONSIDERABLE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1335 DESPITE THE 7 CENT FALL IN SILVER PRICING AT THE COMEX /FRIDAY..THE CME NOTIFIED US THAT WE HAD   A SMALL SIZED EFP ISSUANCE OF 378 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: 1788 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: 

i.e 378 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH INCREASE OF1410 OI COMEX CONTRACTS. AND ALL OF THIS  DEMAND HAPPENED WITH A 7 CENT FALL IN PRICE OF SILVER  AND A CLOSING PRICE OF $15.41 WITH RESPECT TO FRIDAY’S TRADING. YET WE HAVE A GIGANTIC 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. 0.936 BILLION OZ TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY 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 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/AND NOW MARCH: 27.120 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 MILLIONOZ/  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 ROSE BY A CONSIDERABLE 2562 CONTRACTS, TO 518,742 WITH THE STRONG RISE IN THE COMEX GOLD PRICE/(AN INCREASE IN PRICE OF $5.00//FRIDAY’S TRADING).

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 7182 CONTRACTS:

MARCH HAD AN ISSUANCE OF 0 CONTACTS  APRIL 7148 CONTRACTS,JUNE: 34 CONTRACTS DECEMBER: 0 CONTRACTS AND ALL OTHER MONTHS ZERO.  The NEW COMEX OI for the gold complex rests at 520,184. 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 STRONG SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 9744 CONTRACTS: 2562 OI CONTRACTS INCREASED AT THE COMEX AND 7182 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN OF 9744 CONTRACTS OR 974400 OR  30.30 TONNES.

FRIDAY WE HAD A GAIN IN THE PRICE OF GOLD TO THE TUNE OF $5.00….AND WITH THAT, WE HAD A  HUGE GAIN IN TONNAGE OF 30.30 TONNES!!!!!!.

 

 

 

 

 

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MARCH : 118,809 CONTRACTS OR 11,880,900OR 369.54 TONNES (17 TRADING DAYS AND THUS AVERAGING: 6988 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: 369.54 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES

THUS EFP TRANSFERS REPRESENTS 369.54/2550 x 100% TONNES = 14.49% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***

ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE:     1238.51 TONNES

JANUARY 2019 TOTAL EFP ISSUANCE;   531.20 TONNES

FEB 2019 TOTAL EFP ISSUANCE:             344.36 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 CONSIDERABLE SIZED  INCREASE IN OI AT THE COMEX OF 2562 WITH THE GAIN IN PRICING ($5.00) THAT GOLD UNDERTOOK FRIDAY) //.WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7182 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 7182 EFP CONTRACTS ISSUED, WE  HAD A VERY STRONG GAIN OF 9744 CONTRACTSIN TOTAL OPEN INTEREST  ON THE TWO EXCHANGES:

7182 CONTRACTS MOVE TO LONDON AND 2562 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 30.30 TONNES). ..AND ALL OF THIS STRONG DEMAND OCCURRED WITH A RISE IN PRICE OF $5.00 IN FRIDAY’S TRADING AT THE COMEX!!!!!

 

 

 

we had:  0 notice(s) filed upon for nil 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 $9.85  TODAY

 

A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/

 

A DEPOSIT OF 2.94 TONNES OF GOLD INTO THE GLD

 

 

 

 

 

INVENTORY RESTS AT 781.03 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 15 CENTS  IN PRICE  TODAY:

NO CHANGES IN SILVER INVENTORY AT THE SLV TODAY

 

 

/INVENTORY RESTS AT 309.488 MILLION OZ.

Let us head over to the comex:

AFTER MARCH, WE HAVE THE NON ACTIVE DELIVERY MONTH OF APRIL.  HERE: APRIL LOWERS TO  777 CONTRACTS FOR A LOSS OF 20 CONTRACTS.  AFTER APRIL, THE NEXT BIG ACTIVE DELIVERY MONTH IS MAY AND HERE THE OI ROSE BY 733 CONTRACTS UP TO 136,659 CONTRACTS.

 

 

 

 

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