Harvey Organ Says “The Crooks Have Hardly Any Gold To Deliver”

Harvey says the bullion banks keep transferring the risk from the COMEX to London because there is hardly any gold to deliver. Harvey also mentions a great sign showing how the physical market is overwhelming the paper market…

by Harvey Organ of Harvey Organ Blog

SEPT 29/GOLD DOWN $3.75 TO $1282.25 WITH SILVER BEING WHACKED 14 CENTS ON THIS LAST DAY OF LONDON BASED OPTIONS EXPIRY/CHAOS IN CATALONIA SPAIN AS RAJOY PULLS OUT ALL STOPS TRYING TO BLOCK REFERENDUM

GOLD: $1282.25 down $3.75

Silver: $16.68 down 14 CENT(S)

Closing access prices:

Gold $1287.50

silver: $16.87

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1293.04 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1284.30

PREMIUM FIRST FIX: $8.24 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1297.75

NY GOLD PRICE AT THE EXACT SAME TIME: $1284.75

Premium of Shanghai 2nd fix/NY:$13.00 (PREMIUMS GETTING LARGER)

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LONDON FIRST GOLD FIX: 5:30 am est $1286.95

NY PRICING AT THE EXACT SAME TIME: $1288.20 ???

LONDON SECOND GOLD FIX 10 AM: $1283.10

NY PRICING AT THE EXACT SAME TIME. 1283.10

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 411 NOTICE(S) FOR 41100 OZ.

TOTAL NOTICES SO FAR: 411 FOR 41100 OZ (1.2783 TONNES)

For silver:

OCTOBER

285 NOTICES FILED TODAY FOR

1,425,000 OZ/

Total number of notices filed so far this month: 285 for 1,425,000 oz

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end

Let us have a look at the data for today

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In silver, the total open interest FELL SLIGHTLY BY 573 contracts from 184,997 DOWN TO 184,424 DESPITE THE SMALL SIZED RISE IN PRICE THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (UP 3 CENTS ). IT SURE LOOKS LIKE WE HAD CONSIDERABLE BANKER SHORT COVERING YESTERDAY AND TODAY. BOTH GOLD AND SILVER JUMPED EVEN THOUGH 99% OF THE TIME, THEY RAID ON THE DAY PRIOR TO FIRST DAY NOTICE. THIS IS A GREAT SIGN THAT THE PHYSICAL MARKET IS OVERWHELMING THE PAPER MARKET AND THEIR NAKED SHORTING.

RESULT: A SMALL FALL IN OI COMEX WITH THE 3 CENT PRICE RISE. IT LOOKS LIKE WE HAD A SMALL AMOUNT OF BANKER SHORTS COVERING. THE BANKERS YESTERDAY TRIED TO ORCHESTRATE ANOTHER RAID AND FAILED MISERABLY IN THEIR ATTEMPT.

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.922 BILLION TO BE EXACT or 132% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 285 NOTICE(S) FOR 1,425,000 OZ OF SILVER

In gold, the open interest FELL BY A CONSIDERABLE 7,202 CONTRACTS DESPITE THE RISE in price of gold ($1.55 ) WITH YESTERDAY’S COMEX TRADING. The new OI for the gold complex rests at 532,683. GENERALLY WHEN WE ENTER FIRST DAY NOTICE WEEK FOR AN ACTIVE GOLD MONTH, WE SEE THE OPEN INTEREST FALL APPRECIABLY. THIS IS BECAUSE LONGS CAN ACCEPT PRIVATE EFP CONTRACTS WHICH ENTITLES THEM TO A FIAT BONUS AND A FUTURES CONTRACT ON ANOTHER BOURSE AND MOST LIKELY THAT WOULD BE A LONDON BASED FORWARD. WE HAVE NO DOUBT HAD AN EXCESS OF 5400 EFP’S ISSUED. IN OTHER WORDS THE DEMAND IS STILL PRESENT BUT MOVED TO ANOTHER EXCHANGE AND THE OBLIGATION TO DELIVER STILL RESTS WITH OUR CRIMINAL BANKERS.

Result: A LARGE SIZED DECREASE IN OI WITH THE RISE IN PRICE IN GOLD ($1.55) AND CONSIDERABLE EFP’S ISSUED (IN EXCESS OF 7200 )

we had: 411 notice(s) filed upon for 41,100 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

Tonight , NO CHANGES in gold inventory at the GLD:

Inventory rests tonight: 864.65 tonnes.

SLV

Today: a no changes in inventory:

INVENTORY RESTS AT 326.757 MILLION OZ

Let us head over to the comex:

The total gold comex open interest FELL BY MORE THAN EXPECTED 7,202 CONTRACTS DOWN to an OI level of 532,683 DESPITE THE RISE IN THE PRICE OF GOLD ($1.55 GAIN IN YESTERDAY’S TRADING). OCTOBER IS AN ACTIVE DELIVERY MONTH ALTHOUGH IT IS THE WEAKEST IN TERMS OF ACTUAL DELIVERIES AND OPEN INTEREST. WE CAN VISUALIZE THAT THROUGHOUT THE MONTH OF SEPTEMBER, THE CROOKS UTILIZED THE EMERGENCY EFP SCHEME TO TRANSFER OBLIGATIONS OVER TO LONDON. IT THEN STANDS TO REASON THAT IF THE EMERGENCY WAS IN FORCE THROUGHOUT THE MONTH OF SEPTEMBER IT WOULD CONTINUE ON FIRST DAY NOTICE. IT LOOKS LIKE ANOTHER 7200 LONG COMEX CONTRACTS WERE GIVEN 7200 EFP’S

Result: a LARGER SIZED open interest DECREASE WITH THE GOOD SIZED RISE IN THE PRICE OF GOLD ($1.55.) A LARGE TRANSFER OF COMEX LONGS OVER TO ANOTHER BOURSE LIKE LONDON (TO WHICH THEY RECEIVE A LONDON BASED FORWARD PLUS THEY ALSO ENJOY RECEIVING A FIAT BONUS FOR THEIR EFFORTS.

The new non active September contract month is off the board.
We have no entered the active contract month is Oct and here we saw a LOSS of 3125 contracts DOWN to 3006 contracts. And thus my definition the amount of gold initially standing for the October contract month is 3006 contracts x 100 oz or 300,600 oz or 9.3499 tonnes. This is unusually high for October and most players go straight to December.

The November contract saw A GAIN OF 210 contracts UP to 1387.

The very big active December contract month saw it’s OI LOSS OF 4,345 contracts DOWN to 424,083.

We had 411 notice(s) filed upon today for 41100 oz

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And now for the wild silver comex results. Total silver OI FELL BY only 573 CONTRACTS FROM 184,997 DOWN TO 184,424 WITH YESTERDAY’S 3 CENT FALL IN PRICE. WE NO DOUBT HAD SOME BANKER SHORT COVERING. We have now entered the non active contract month of October and here the OI LOST 77 contacts DOWN TO 841. This represents the number of silver longs standing for this non active month of October. Thus by definition, the amount of silver oz standing is 841 contracts x 5000 oz per contract or 4,205,000 which is huge for an non active delivery month. November saw a GAIN of 32 contract(s) and thus RISING TO 233. After November, the NEXT big active contract month is December and here the OI LOST 534 contracts DOWN to 145,673 contracts.
We had 285 notice(s) filed for 1,425,000 oz for the OCT. 2017 contract

INITIAL standings for OCTOBER
Sept.29/2017.

Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
23,630.25 oz
manfra
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
nil
No of oz served (contracts) today

411 notice(s)
41,100 OZ
No of oz to be served (notices)
2595 contracts
(259,500 oz)
Total monthly oz gold served (contracts) so far this month
411 notices
41100 oz
1.278 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 23,630.25 oz

Today we HAD 1 kilobar transaction(s)/
WE HAD 0 DEALER DEPOSIT:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: 0 oz
we had 0 customer deposit(s):
total customer deposits; nil oz
We had 1 customer withdrawal(s)
i) We had one withdrawal from Manfra: 23,630.25 oz
total customer withdrawals; 23,630.25 oz
we had 0 adjustment(s)
For OCT:
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 411 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 163 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 OCTOBER. contract month, we take the total number of notices filed so far for the month (411) x 100 oz or 41,100 oz, to which we add the difference between the open interest for the front month of OCT. (3006 contracts) minus the number of notices served upon today (411) x 100 oz per contract equals 300,600 oz, the number of ounces standing in this active month of OCT.

Thus the INITIAL standings for gold for the OCTOBER contract month:
No of notices served (411) x 100 oz or ounces + {(3006)OI for the front month minus the number of notices served upon today (411) x 100 oz which equals 300,600 oz standing in this active delivery month of OCTOBER (9.349 tonnes)
IT WAS OBVIOUS THAT THERE WAS HARDLY ANY GOLD TO DELIVER UPON LONGS IN SEPTEMBER. THUS THE CROOKS USE THE EFP’S TO TRANSFER THEIR OBLIGATION TO ANOTHER EXCHANGE. THIS IS WHY ANOTHER 5400 EFP’S WERE ISSUED FOR OCTOBER GOLD YESTERDAY.
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Total dealer inventory 692,948.570 or 21.49 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,737,775.667 or 271.7812 tonnes

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 13 MONTHS 81 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE OCTOBER DELIVERY MONTH
OCTOBER INITIAL standings
Sept 29 2017

Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
2912.950 oz
Delaware
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
nil oz
CNT
No of oz served today (contracts)
285 CONTRACT(S)
(1,425,000 OZ)
No of oz to be served (notices)
556 contracts
(2,780,000 oz)
Total monthly oz silver served (contracts) 285 contracts (1,425,000 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 2912.95 oz

today, we had 0 deposit(s) into the dealer account:
total dealer deposit: nil oz
we had 0 dealer withdrawals:
total dealer withdrawals: nil oz
we had 1 customer withdrawal(s):
i) Out of Delaware: 2912.95 oz
TOTAL CUSTOMER WITHDRAWALS: 2912.95 oz
We had 0 Customer deposit(s):
***deposits into JPMorgan have stopped 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: nil oz

we had 3 adjustment(s)
i) Out of Delaware: 20,976.109 oz was adjusted out of the dealer and this landed into the customer acct of Delaware
ii) Out of HSBC: 30,485.180 oz was adjusted out of the dealer and this landed into the customer account of HSBC
iii) Out of CNT: 1,265,436.797 oz was adjusted out of the customer and this landed into the dealer account of CNT
The total number of notices filed today for the OCTOBER. contract month is represented by 285 contract(s) for 1,425,000 oz. To calculate the number of silver ounces that will stand for delivery in OCTOBER., we take the total number of notices filed for the month so far at 285 x 5,000 oz = 1,425,000 oz to which we add the difference between the open interest for the front month of OCT. (841) and the number of notices served upon today (285) x 5000 oz equals the number of ounces standing.

Thus the INITIAL standings for silver for the OCTOBER contract month: 285 (notices served so far)x 5000 oz + OI for front month of OCTOBER(841 ) -number of notices served upon today (285)x 5000 oz equals 4,205,000 oz of silver standing for the OCTOBER contract month. This is HUGE for this NON active delivery month.

Total dealer silver: 38.824 million (close to record low inventory
Total number of dealer and customer silver: 219.795 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
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