Banksters Shake the Leaves from the Gold Tree! – Harvey Organ

The bankers were  probably expecting even more gold leaves to fall from the gold tree with the raid yesterday. An open interest of around 390,000 to 400,000 is core and nothing will move these guys from their contracts.

 

Let us head over to the comex:

The total gold comex open interest FELL BY A HUGE 14,393 CONTRACTS DOWN to an OI level of 459,608 WITH THE MONSTROUS  FALL IN THE PRICE OF GOLD ($20.40 with YESTERDAY’S trading)., The bankers were  probably expecting even more gold leaves to fall from the gold tree with the raid yesterday. An open interest of around 390,000 to 400,000 is core and nothing will move these guys from their contracts.

We are now in the contract month of JUNE and it is one of the BETTER delivery months  of the year. In this JUNE delivery month we had A LOSS OF 369 contract(s)FALLING TO  1204.  We had 2 notices filed yesterday so we LOST 367  contracts or an additional 36,700 oz will NOT stand for delivery in this very active delivery month of June AND  367 CONTRACTS RECEIVED AN EFP CONTRACT WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURE GOLD CONTRACT/OR A LONG CALL OR MOST LIKELY A LONDON BASED FORWARD GOLD CONTRACT. THESE EFP’S ARE PRIVATE OFF COMEX TRANSACTIONS. THE STUBBORN LONGS WHO ARE REMAINING STOIC AT THE COMEX ARE SO FAR REFUSING THAT FIAT BONUS (OVER 11 TONNES STANDING)

Below is a little background on the EFP contracts  initiated by our bankers:
 
We now know for certain that private EFP contracts are given by the bankers when faced with an upcoming active delivery month and they state that this is for emergency purposes only and that they do not have actual physical metal to deliver upon in the front month.  We just do not know the makeup of that private deal.  It is my contention that the longs in GOLD FOR INSTANCE at the end of MAY(for June contracts) were given a fiat bonus plus a long “in the money” call for a  future July contract or a August FUTURE contract or MAYBE EVEN A LONDON BASED FORWARD GOLD CONTRACT. . and this is why the total comex open interest complex obliterates as we enter first day notice.  So now everything makes sense: the obliteration of OI as we enter first day notice has not really occurred in the real sense but replaced with a future long contract call and/or an off -comex London based gold contract  with some bonus money for their effort.

The non active July contract LOST 28 contracts to stand at 1880 contracts. The next big active month is August and here the OI LOST 16,251 contracts DOWN to 330,735,  as the bankers trying to keep this month down to manageable size.

We had 336 notice(s) filed upon today for 33,600 oz

 

 
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And now for the wild silver comex results.  Total silver OI FELL BY ONLY 4,087 contracts FROM 202,393 DOWN TO 198,306 WITH YESTERDAY’S BIG 42 CENT LOSS. OUR BANKER FRIENDS ARE DESPERATELY TRYING TO COVER THEIR SHORTS IN SILVER BUT AS YOU CAN SEE  THEY HAVE NOT BEEN AS SUCCESSFUL AS THEY WOULD HAVE LIKED.
 
 
 
 
We are in the NON active delivery month is JUNE  Here the open interest SOMEHOW LOST 57 contract(s) FALLING TO 18 contracts. We had 67 notices served upon yesterday so we AGAIN GAINED 10 CONTRACTS OR AN ADDITIONAL  50,000 OZ OF SILVER WILL STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF JUNE.  IT SEEMS WE ARE CONTINUING WHERE WE LEFT OFF LAST MONTH IN SILVER AS INVESTORS ARE WILLING TO FORGO THE FIAT PROFIT JUST TO SECURE PHYSICAL SILVER METAL. THIS IS THE 12TH CONSECUTIVE DAY THAT THE AMOUNT OF SILVER STANDING ADVANCED FROM FIRST DAY NOTICE. 
 

The next big active month will be July and here the OI LOST 7037 contracts DOWN to 89,791 as we start to wind down before first day notice Friday, June 30.  July will be interesting to watch in silver as we witness fewer players pitching for EFP contracts than with gold.

The month of August, a non active month picked up 9 contracts to stand at 74.  The next big active delivery month for silver will be September and here the OI already jumped by another 3243 contracts up to 67,704.

I will give you a snapshot as to what happened last year at the exact number of days before first day notice:

 Monday, June 16.2016:  90,828 contracts were still outstanding vs 89,791 contracts June 16.2017

At the conclusion of June, the final standing for physical silver was 3,080,000 oz and we have already surpassed that number this year  (3,945,000 oz).

The line in the sand is $18.50 for silver and again it has been defended by the criminal bankers.  Once this level is pierced, the monstrous billion oz of silver shorts will blow up. The bankers are defending the Alamo with their last stand at the $18.50 mark. THE NEW RECORD HIGH IN OPEN INTEREST WAS SET FRIDAY APRIL 21/2017 AT:  234,787.

As for the July contracts:

Initial amount of silver standing for the July 2016 contract:  14.785 million  oz

Final standing:  12.370 million with the difference being EFP’s taking delivery in London.

 

We had 10 notice(s) filed for 50,000 oz for the June 2017 contract

 

VOLUMES: for the gold comex

Today the estimated volume was 139,332 contracts which is  poor

Yesterday’s confirmed volume was 266,134 contracts  which is EXCELLENT

volumes on gold are STILL HIGHER THAN NORMAL!

 
INITIAL standings for JUNE
 June 16/2017.
 
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 
 
 8037.500 oz
250 kilobars
Scotia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz nil  oz
Deposits to the Customer Inventory, in oz 
 
 803.75 oz
Manfra
 
25 kilobars
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
 
336 notice(s)
 
33,600 OZ
 
 
No of oz to be served (notices)
868 contracts
86,800 oz
 
Total monthly oz gold served (contracts) so far this month
 
2544 notices
254400 oz
7.912 tonnes
Total accumulative withdrawals  of gold from the Dealers inventory this month   NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month   290,833.2 oz
 
 
 
Today we HAD  2 kilobar transaction(s)/ 
We had 0 deposit into the dealer:
 
 
 
 
total dealer deposits: nil oz
 
We had NIL dealer withdrawals:
 
 
total dealer withdrawals:  NIL oz
we had no dealer deposits:
 
total dealer deposits:  nil oz
 
 
we had 1  customer deposit(s):
 
 i) Into Manfra: 803.75 oz (25 kilobars)
 
 
 
 
 
 
 
 
 
 
total customer deposits; 803.75  oz
 
We had 1 customer withdrawal(s)
 
 i) Out of Scotia: 8037.500 oz
(250 kilobars)
 
 
 
 
 
 
 
 
total customer withdrawal: 8037.500  oz
 
 
 
 we had 0 adjustment(s):
 
 Rather strange for the 2nd biggest delivery month of the year and no activity inside the gold comex.  Also it must be still alarming to our bankers to see 10.8 tonnes of gold standing and probably no gold to back up those who stand.
 
 
 
For JUNE:
 

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 336  contract(s)  of which 0 notices were stopped (received) by j.P. Morgan dealer and 192 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.

 
 
 
 
 
 
 
 
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To calculate the initial total number of gold ounces standing for the JUNE. contract month, we take the total number of notices filed so far for the month (2544) x 100 oz or 254,400 oz, to which we add the difference between the open interest for the front month of JUNE (1204 contracts) minus the number of notices served upon today (336) x 100 oz per contract equals 377,900  oz, the number of ounces standing in this active month of JUNE.
 
Thus the INITIAL standings for gold for the JUNE contract month:
No of notices served so far (2544) x 100 oz  or ounces + {(1204)OI for the front month  minus the number of  notices served upon today (336) x 100 oz which equals 341,200 oz standing in this  active delivery month of JUNE  (10.612 tonnes)
.
WE LOST 367 CONTRACTS OR AN ADDITIONAL 36700 OZ WILL NOT STAND AT THE COMEX AND 367 CONTRACTS) WERE GIVEN EFP CONTRACTS WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURES GOLD CONTRACT OR A LONG CALL ON A GOLD CONTRACT OR MOST LIKELY A LONDON BASED GOLD FORWARD CONTRACT. YOU CAN NOW SEE WHY THE COT REPORTS ARE DISTORTED DUE TO THE ISSUANCE OF THESE EFP CONTRACTS 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Total dealer inventory 889,847.333 or 27.67 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,636,844.749 or 268.64 tonnes 
 
 
 
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 268.64 tonnes for a  loss of 34  tonnes over that period.  Since August 8/2016 we have lost 85 tonnes leaving the comex. However I am including kilobar transactions and they are very suspect at best
 
I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process  and are being used in the raiding of gold!
 
 
 
 

 
 
 
The gold comex is an absolute fraud.  The use of kilobars and exact weights makes the data totally absurd and fraudulent! To me, the only thing that makes sense is the fact that “kilobars: are entries of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction.  This would be similar to the rehypothecated gold used by Jon Corzine at MF Global.
 
IN THE LAST 10 MONTHS  85 NET TONNES HAS LEFT THE COMEX.
 
end
 
And now for silver
 
AND NOW THE June DELIVERY MONTH
 
June INITIAL standings
 June 16 2017
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 
 
 
 
 
 
 
 
 nil  oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 
 
NIL oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 628,668.300 oz
JPMorgan
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
 10 CONTRACT(S)
(50,000 OZ)
No of oz to be served (notices)
8 contracts
( 40,000 oz)
Total monthly oz silver served (contracts) 911 contracts (4,555,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this month  NIL oz
Total accumulative withdrawal  of silver from the Customer inventory this month 2,735,819.5 oz
 
 
 
today, we had  0 deposit(s) into the dealer account:
 
 
 
 
 
total dealer deposit: NIL  oz
 
we had Nil dealer withdrawals:
 
total dealer withdrawals: nil oz
 
 
we had 0 customer withdrawal(s):
 
 
 
 
 
 
 
 
 
 
 
TOTAL CUSTOMER WITHDRAWALS: nil  oz
 
 We had 1 Customer deposit(s):
i) Into JPMorgan:  628,668.300 oz
 
 
 
***deposits into JPMorgan have now resumed again
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
why is JPMorgan bringing in so much silver??? why is this not criminal in that they are also the massive short in silver
 
 
 
 
 
 
 
 
 
 
 
 
 
total customer deposits: 628,668.300 oz
 
 
 we had 0 adjustment(s)
 
 
 
The total number of notices filed today for the JUNE. contract month is represented by 10 contract(s) for 50,000 oz. To calculate the number of silver ounces that will stand for delivery in JUNE., we take the total number of notices filed for the month so far at 911 x 5,000 oz  = 4,555,000 oz to which we add the difference between the open interest for the front month of JUNE (18) and the number of notices served upon today (10) x 5000 oz equals the number of ounces standing
 

 

.
 
Thus the initial standings for silver for the JUNE contract month:  911 (notices served so far)x 5000 oz  + OI for front month of JUNE.(18 ) -number of notices served upon today (10)x 5000 oz  equals  4,595,000 oz  of silver standing for the JUNE contract month.
 
We gained 10 contracts or an additional 50,000 oz will stand for delivery. WE ALSO HAD 0 EFP CONTRACTS THAT WERE ISSUED AS THE LONGS REFUSED A FIAT BONUS: THEY WANT THEIR PHYSICAL SILVER.
 
 
 
 
 
 
 
 
 
 
 
Volumes: for silver comex
 
 
 
Today the estimated volume was 83,651 which is HUGE
Yesterday’s  confirmed volume was 128,041 contracts which is GIGANTIC
 
YESTERDAY’S ESTIMATED VOLUME OF 128,041 CONTRACTS EQUATES TO 640 MILLION OZ OF SILVER OR 92% OF ANNUAL GLOBAL PRODUCTION OF SILVER EX CHINA EX RUSSIA). IN OUR HEARINGS THE COMMISSIONERS STRESSED THAT THE OPEN INTEREST SHOULD BE AROUND 3% OF THE MARKET.
 
 
 
 
 
 
 
 
 
 
 
 
Total dealer silver:  34.315 million (close to record low inventory  
Total number of dealer and customer silver:   205.425 million oz
 
 
 
The record level of silver open interest is 234,787 contracts set on April 21./2017  with the price at that day at  $18.42
 
The previous record was 224,540 contracts with the price at that time of $20.44
 
 
 
 
 
 
 
end
end
 
At 3:30 pm est we receive the COT report which gives position levels of our major players.  Now that we know that EFP’s are given, the data is total compromised.
 
 
Gold COT Report – Futures
Large Speculators Commercial Total
Long Short Spreading Long Short Long Short
297,178 106,904 28,577 105,193 308,804 430,948 444,285
Change from Prior Reporting Period
-15,062 -871 -898 -3,105 -15,848 -19,065 -17,617
Traders
174 99 80 48 58 259 206
 
  Small Speculators      
  Long Short Open Interest    
  40,186 26,849 471,134    
  -3,842 -5,290 -22,907    
  non reportable positions Change from the previous reporting period
end
 

Our large speculators:

Those large specs that have been long in gold pitched 15,062 contracts from their long side

Those large specs who have been short in gold covered 871 contracts from their short side.

Our Commercials:

those commercials that have been long in gold pitched 3105 contracts from their long side

those commercials who have been short in gold covered 15,848 contracts from their short side.

Our Small Specs:

those small specs that have been long in gold covered 3842 contracts from their long side

those small specs that have been short in gold covered a large 5290 contracts fro their short side.

silver

             
  Silver COT Report: Futures  
  Large Speculators Commercial  
  Long Short Spreading   Long Short  
  102,702 42,044 21,960   51,617 123,530  
  989 6,272 -10,013   -812 -4,523  
  Traders  
  94 53 55   34 36  
  Small Speculators Open Interest Total  
  Long Short 201,214 Long Short  
  24,935 13,680 176,279 187,534  
  2,083 511 -7,753 -9,836 -8,264  
  non reportable positions Positions as of: 153 124  
  Tuesday, June 13, 2017   © SilverSeek.

Our large speculators:

those large specs that have been long in silver surprisingly added 989 contracts to their long side

those large specs that have been short in silver pitched a huge 6272 contracts from their short side ??

Our Commercials:

those commercials that have been long in silver pitched a tiny 912 contracts from their long side

those commercials that have been short in silver covered a smallish 4523 contracts from their short side

Our Small Specs:

those small specs that have been long in silver added 2276 contracts to their long side

those small specs that have been short in silver added 467 contracts to their short side.

Conclusions:

note the difference between gold and silver.  In gold EFP’s have been handed out like candy.  In silver, they so far are refusing to accept any EFP’s

end

 
We are going to provide GOFO rates  (gold) each day and shortly silver
courtesy of Bron Suchecki of Monetary Metals
 
 
 
and here is today’s figures:
 

The actual figures can be found on our home page https://monetary-metals.com/

with this box in the left side

GOFO

6 month: 1.30%  (yesterday 1.30%)

12 month:  1.45% (yesterday 1.45%)

On Sale At SD Bullion
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