Harvey Organ: The Crooks Are Just Going To Keep Gold & Silver Prices Constant
With silver down $.01, and with gold down less than a buck, Harvey says the crooks are keeping prices constant. Here’s an update…
by Harvey Organ of Harvey Organ Blog
NOV 26/GOLD DOWN 65 CENTS TO $1222.55/SILVER DOWN ONE CENT TO $14.26 AS THE CROOKS KEEP GOLD/SILVER CONSTANT/GENERAL MOTORS A HUGE 14,000 NORTH AMERICAN AND ABROAD JOB CUT/CANADA SHUTTERS ITS 100 YR OLD OSHAWA PLANT WHICH WILL BE A DEATH BLOW TO CANADA/UK AND THE EU SIGN OFF ON A DIVORCE PLAN WHICH WILL ABSOLUTELY DESTROY ENGLAND IF ALLOWED TO PERSIST/SUPPOSEDLY SALVINI BLINKS AS IT DEALS WITH ITS 2.4 % OF BUDGET DEFICIT/TARGET 2 IMBALANCES CLIMB NOW ABOVE 1.3 TRILLION EUROS LEAD BY SPAIN AND ITALY: ITALIAN DEPOSITORS ARE MOVING THEIR CASH OUT OF ITALY AND INTO GERMANY AND/SWITZERLAND/RUSH CONFLICT BETWEEN RUSSIAN AND THE UKRAINE AS RUSSIA SEIZES 3 BOATS: UKRAINE CALLS ON MARTIAL LAW TO DEAL WITH THIS./MEXICO DENIES MAKING A DEAL WITH TRUMP TO DETAIN ASYLUM SEEKERS WAITING FOR THEIR CASE TO BE HEARD/HUGE AMOUNT OF IMPORTANT SWAMP STORIES FOR YOU TONIGHT/
GOLD: $1222.55 DOWN $0.65 (COMEX TO COMEX CLOSINGS)
Silver: $14.26 DOWN 1 CENT (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : 1222.25
silver: $14.24
For comex gold and silver:
NOV
NUMBER OF NOTICES FILED TODAY FOR NOV CONTRACT: 1 NOTICE(S) FOR 100 OZ
Total number of notices filed so far for NOV: 215 for 21500 OZ (0.6687 TONNES)
FOR NOVEMBER
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2 NOTICE(S) FILED TODAY FOR
10,000 OZ/
Total number of notices filed so far this month: 1487 for 7,435,000 oz
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Bitcoin: OPENING MORNING TRADE $4054: down 34
Bitcoin: FINAL EVENING TRADE: $3784 down $304.00
end
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China is controlling the gold market
WE WILL NOT PROVIDE LONDON FIXES AS THEY ARE NOT ACCURATE AS TO WHAT IS GOING ON AT THE SAME TIME FRAME.
Let us have a look at the data for today
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In silver, the total OPEN INTEREST FELL BY A CONSIDERABLE 6639 CONTRACTS FROM 216.066 DOWN TO 209,427 WITH FRIDAY’S 25 CENT FALL IN SILVER PRICING AT THE COMEX. TODAY WE ARRIVED FURTHER FROM AUGUST’S RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.
WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY(WELL OVER 30 MILLION OZ AT THE COMEX FOR JULY , 6 MILLION OZ FOR AUGUST AND NOW JUST LESS THAN 31 MILLION OZ STANDING IN SEPTEMBER. 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 STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:
0 EFP’S FOR NOV. 1849 EFP’S FOR DECEMBER AND 0 FOR MARCH AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE: OF 1849 CONTRACTS. WITH THE TRANSFER OF 1849 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 1849 EFP CONTRACTS TRANSLATES INTO 9.245 MILLION OZ ACCOMPANYING:
1.THE 25 CENT LOSS IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR THE JUNE/2018 COMEX DELIVERY MONTH. (5.420 MILLION OZ); 30.370 MILLION OZ STANDING FOR DELIVERY IN JULY, FOR AUGUST: 6.065 MILLION OZ AND 39.505 MILLION OZ STANDING IN SEPT. 2,520,000 OZ STANDING IN OCTOBER. AND NOW SO FAR A HUGE 7,435,000 OZ STANDING FOR NOVEMBER
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF NOV: 42,304 CONTRACTS (FOR 17 TRADING DAYS TOTAL 42,304 CONTRACTS) OR 211.520 MILLION OZ: (AVERAGE PER DAY: 2488 CONTRACTS OR 12.44 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF NOV: 211.520 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 30.21% 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 2018 TO DATE SILVER EFP’S: 2,628.35 MILLION OZ.
ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ
ACCUMULATION FOR FEB 2018: 244.95 MILLION OZ
ACCUMULATION FOR MARCH 2018: 236.67 MILLION OZ
ACCUMULATION FOR APRIL 2018: 385.75 MILLION OZ
ACCUMULATION FOR MAY 2018: 210.05 MILLION OZ
ACCUMULATION FOR JUNE 2018: 345.43 MILLION OZ
ACCUMULATION FOR JULY 2018: 172.84 MILLION OZ
ACCUMULATION FOR AUGUST 2018: 205.23 MILLION OZ.
ACCUMULATION FOR SEPTEMBER 2018: 167,05 MILLION OZ
ACCUMULATION FOR OCTOBER 2018: 224.875 MILLION OZ
RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 6639 WITH THE 25 CENT LOSS IN SILVER PRICING AT THE COMEX //FRIDAY AS THE BOYS CONTINUE WITH THEIR CUSTOMARY MIGRATION OVER TO ETFS AT THE START OF AN ACTIVE DELIVERY MONTH. THE CME NOTIFIED US THAT WE HAD A VERY GOOD SIZED EFP ISSUANCE OF 1722 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 GOOD SIZED: 4790 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 1849 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH DECREASE OF 6639 OI COMEX CONTRACTS. AND ALL OF THUS DEMAND HAPPENED WITH A 25 CENT FALL INPRICE OF SILVER AND A CLOSING PRICE OF $14.27 WITH RESPECT TO YESTERDAY’S TRADING. YET WE HAD A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY IN THE BIG JULY DELIVERY MONTH OF SLIGHTLY OVER 30 MILLION OZ, IN AUGUST ANOTHER BIG 6.065 MILLION OZ IN A NON ACTIVE MONTH IN SEPTEMBER A FINAL MONSTROUS 39.05 MILLION OZ OF SILVER STANDING FOR DELIVERY, WITH HUGE DELIVERIES OF OVER 2 MILLION OZ IN OCTOBER (A NON DELIVERY MONTH) AND NOW 7.435 MILLION OZ IN NOVEMBER……. NOBODY IS PAYING ATTENTION TO THE HUGE NUMBER OF PHYSICAL OUNCES STANDING FOR SILVER THESE PAST SEVERAL MONTHS.
In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.048 BILLION OZ TO BE EXACT or 149% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT AUGUST MONTH/ THEY FILED AT THE COMEX: 2 NOTICE(S) FOR 10,000 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: AN INITIAL HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz AND NOW NOV AT 7.435 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 FELL BY A HUGE SIZED 12,417 CONTRACTS DOWN TO 508,842 WITH THE LOSS IN THE COMEX GOLD PRICE/(A FALL IN PRICE OF $4.25//.FRIDAY’S TRADING) AS THESE GUYS JOINED SILVER IN THE ROUTINE MIGRATION OVER TO ETF’S AS WE APPROACH AN ACTIVE DELIVERY MONTH.
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 5072 CONTRACTS:
NOVEMBER HAD 0 EFP’S ISSUED AND, DECEMBER HAD AN ISSUANCE OF 5072 CONTACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 508,842. 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 LARGE SIZED LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7345 CONTRACTS: 12,417 OI CONTRACTS DECREASED AT THE COMEX AND 5072 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS: 7345 CONTRACTS OR 734500 OZ = 22.84 TONNES. AND ALL OF THIS LACK OF DEMAND OCCURRED WITH A FALL IN THE PRICE OF GOLD/ FRIDAY TO THE TUNE OF $4.25.
YESTERDAY, WE HAD 5812 EFP’S ISSUED.
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF NOV : 121,331 CONTRACTS OR 12,133,100 OZ OR 377.39 TONNES (17 TRADING DAYS AND THUS AVERAGING: 7137 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 17 TRADING DAY IN TONNES: 377.39 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 377.39/2550 x 100% TONNES = 14.79% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JULY ALONE.***
ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE: 6,594.19 TONNES *SURPASSED ANNUAL PROD’N
ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP’S FOR FEBRUARY 2018: 649.45 TONNES (20 TRADING DAYS)
ACCUMULATION OF GOLD EFP’S FOR MARCH 2018: 741.89 TONNES (22 TRADING DAYS)
ACCUMULATION OF GOLD EFP’S FOR APRIL 2018: 713.84 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP’S FOR MAY 2018: 693.80 TONNES ( 22 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR JUNE 2018 650.71 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR JULY 2018 605.5 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR AUG. 2018 488.54 TONNES (23 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR SEPT 2018 470.64 TONNES (19 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR OCT. 2018 543.92 TONNES (23 TRADING DAYS)
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 HUGE SIZED DECREASE IN OI AT THE COMEX OF 12,417 WITH THE LOSS IN PRICING ($4.25) THAT GOLD UNDERTOOK FRIDAY) //.WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 5072 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 5072 EFP CONTRACTS ISSUED, WE HAD AN VERY LARGE LOSS OF 7345 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
5072 CONTRACTS MOVE TO LONDON AND 12,417 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the LOSS in total oi equates to 22.84 TONNES). ..AND ALL OF THIS LACK OF DEMAND OCCURRED WITH A LOSS OF $4.25 IN FRIDAY’S TRADING AT THE COMEX
we had: 1 notice(s) filed upon for 100 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 DOWN 0.55 TODAY: /
NO CHANGE IN GOLD INVENTORY AT THE GLD/
/GLD INVENTORY 762.92 TONNES
Inventory rests tonight: 762.92 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 DOWN 1 CENT TODAY
NO CHANGE IN SILVER INVENTORY AT THE SLV
/INVENTORY RESTS AT 325.019 MILLION OZ.
Let us head over to the comex:
We are now in the non active delivery month of NOVEMBER and here we now have 2 notices standing for a loss of 26 contacts. We had 26 notices served on Friday so we gained 0 contracts or an additional nil oz will stand for delivery as these longs refused to morph into London based forwards as well as not accepting a fiat bonus for their efforts.
After November, we have a December contract and here we LOST 14,509 contracts DOWN to 74,026. January saw a GAIN of 189 contracts up to 1637 contracts. March, the next big delivery month after December saw a gain of 6714 contracts up to 109.834
FOR COMPARISON TO THE COMEX 2017 CONTRACT MONTH:
ON NOV 27. 2017 WE HAD STILL 43,560 (3 days before first day notice) OPEN INTEREST CONTRACTS LEFT TO BE SERVED UPON AND THIS COMPARES TO TODAY: 74,026 CONTRACTS (4 days before first day notice)
IT ALSO LIKES LIKE WE ARE GOING TO HAVE A DANDY AMOUNT OF SILVER STANDING FOR DELIVERY AT THE COMEX.
ON FIRST DAY NOTICE DEC 1.2017 WE HAD A RATHER LARGE: 19.47 MILLION OZ STAND FOR DELIVERY
BY THE END OF DECEMBER: 33.295 MILLION OZ AS QUEUE JUMPING WAS THE NAME OF THE GAME IN SILVER.
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