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Harvey Organ: You Can Bet The Farm Basel III Is Causing Banks To Scramble For Physical Gold

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Harvey says that unprecedented things are happening at the COMEX, and the banks are scrambling for not just gold, but also silver. Here’s an update…

by Harvey Organ of Harvey Organ Blog

APRIL 22/GOLD UP $1.75 TO $1275.90//SILVER UP 4 CENTS TO $15.03//DURING WEEKEND, IN CHINA LARGE PRIVATE MINSHENG DEFAULTED// SETTING UP MAJOR CROSS DEFAULTS//NIGEL FARAGE’S BREXIT PARTY NOW IN THE LEAD IN VOTER SUPPORT FOR THE NEW EUROPEAN PARLIAMENTARY ELECTIONS//TURKISH LIRA FALTERS AS FORMER PRIME MINISTER ANGRY WITH ERDOGAN’S POLICIES//USA TO NOT ALLOW ANY MORE EXEMPTIONS PER COUNTRIES PURCHASING IRANIAN OIL//IRAN COUNTERS THAT IT WILL CLOSE THE STRAIT OF HORMUZ//PLETHORA OF SWAMP STORIES FOR YOU TONIGHT///

GOLD: $1275.90 UP $1.75 (COMEX TO COMEX CLOSING)

Silver:  $15.03 UP 4 CENTS  (COMEX TO COMEX CLOSING)

Closing access prices:

Gold :  $1275.55

silver: $15.03

JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)

today RECEIVING:  16/19

EXCHANGE: COMEX
CONTRACT: APRIL 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,271.900000000 USD
INTENT DATE: 04/18/2019 DELIVERY DATE: 04/23/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
661 C JP MORGAN 16
737 C ADVANTAGE 19 3
____________________________________________________________________________________________

TOTAL: 19 19
MONTH TO DATE: 6,313

NUMBER OF NOTICES FILED TODAY FOR  APRIL CONTRACT: 19 NOTICE(S) FOR 1900 OZ (0.0509 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  6313 NOTICES FOR 63130000 OZ  (19.636 TONNES)

FOR APRIL

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1 NOTICE(S) FILED TODAY FOR nil  OZ/

total number of notices filed so far this month: 775 for 3,875,000  oz

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Bitcoin: OPENING MORNING TRADE :$5284  UP $24

Bitcoin: FINAL EVENING TRADE: $5343 UP =86

end

Let us have a look at the data for today

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IN SILVER THE COMEX OI ROSE A GOOD  SIZED 1029 CONTRACTS FROM 219,907 UP TO 220,936 DESPITE THURSDAY’S 0 CENT RISE IN SILVER PRICING AT THE COMEX.  TODAY WE ARRIVED FURTHER FROM AUGUST’S 2018  RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.

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 GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:

EFP’S FOR MARCH,  0 FOR APRIL,  652 FOR MAY, 120 FOR JUNE 184 FOR JULY AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE: OF 956 CONTRACTS. WITH THE TRANSFER OF 956 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 956 EFP CONTRACTS TRANSLATES INTO 4.78 MILLION OZ  ACCOMPANYING:

1.THE 0 CENT RISE 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.:

27.120 MILLION OZ STANDING IN MARCH.

AND NOW 3.875 MILLION OZ STANDING FOR SILVER IN APRIL.

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

27,773 CONTRACTS (FOR 15 TRADING DAYS TOTAL 27,773 CONTRACTS) OR 138.86 MILLION OZ: (AVERAGE PER DAY: 1851 CONTRACTS OR 9.257 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF MAR:  138.86 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 19.83% 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:          707,38    MILLION OZ.

JANUARY 2019 EFP TOTALS:                                                      217.455. MILLION OZ

FEB 2019 TOTALS:                                                                       147.4       MILLION OZ/

MARCH 2019 TOTAL EFP ISSUANCE:                                           207.835   MILLION OZ

RESULT: WE HAD A GOOD SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1029 DESPITE THE 0 CENT RISE IN SILVER PRICING AT THE COMEX /YESTERDAY… THE CME NOTIFIED US THAT WE HAD A  GOOD SIZED EFP ISSUANCE OF 956 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) . OUR BANKERS HAVE NOT YET STARTED THEIR LIQUIDATION OF THE SPREAD TRADES.

TODAY WE GAINED  A CONSIDERABLE SIZED: 1985 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: 

i.e 956 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH INCREASE OF 1029  OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 0 CENT RISE IN PRICE OF SILVER  AND A CLOSING PRICE OF $14.99 WITH RESPECT TO THURSDAY’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 OVER 1 BILLION oz i.e. 1.116 BILLION OZ TO BE EXACT or 160% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH 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:

  1. 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/ AND NOW APRIL AT 3.875 MILLION OZ/
  2. 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.
  3. HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017
  4. 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 FAIR SIZED 2337 CONTRACTS, TO 436,092 DESPITE THE TINY FALL IN THE COMEX GOLD PRICE/(A LOSS IN PRICE OF $0.45//THURSDAY’S TRADING).

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A STRONG SIZED 7734 CONTRACTS:

APRIL 0 CONTRACTS,JUNE: 7724 CONTRACTS DECEMBER: CONTRACTS, JUNE 2020  0 CONTRACTS AND ALL OTHER MONTHS ZERO.  The NEW COMEX OI for the gold complex rests at 436,092. 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 GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5387 CONTRACTS: 2327 OI CONTRACTS DECREASED AT THE COMEX  AND 7724 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN OF 5387 CONTRACTS OR 538700 OZ OR 16.76 TONNES.  THURSDAY WE HAD A TINY FALL IN THE PRICE OF GOLD TO THE TUNE OF  $0.45.…AND YET WITH THAT, WE STILL HAD A VERY STRONG GAIN IN TONNAGE OF 16.76  TONNES!!!!!!.?????????????????????????????????????????? 

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF APRIL : 108,519 CONTRACTS OR 10,851,900 OR 337.53 TONNES (14 TRADING DAYS AND THUS AVERAGING: 7198 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 14 TRADING DAYS IN  TONNES: 337.53 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 337.53/3550 x 100% TONNES = 9.50% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***

ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE:     1710.93 TONNES

JANUARY 2019 TOTAL EFP ISSUANCE;   531.20 TONNES

FEB 2019 TOTAL EFP ISSUANCE:             344.36 TONNES

MARCH 2019 TOTAL EFP ISSUANCE:       497.16 TONNES

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLEDRIAL 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 FAIR SIZED  DECREASE IN OI AT THE COMEX OF 2337 DESPITE THE TINY LOSS IN PRICING ($0.45) THAT GOLD UNDERTOOK THURSDAY) //.WE ALSO HAD A  STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7744 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 7744 EFP CONTRACTS ISSUED, WE  HAD A VERY GOOD GAIN OF 5387 CONTRACTS IN TOTAL OPEN INTEREST  ON THE TWO EXCHANGES:

7724 CONTRACTS MOVE TO LONDON AND 2337 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 16.76 TONNES). ..AND THIS HUGE DEMAND OCCURRED WITH A FALL IN PRICE OF $0.45 IN THURSDAY’S TRADING AT THE COMEX.????

we had:  19 notice(s) filed upon for 1900 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 $1.75  TODAY

A SMALL CHANGE IN GOLD INVENTORY TONIGHT

A WITHDRAWAL OF .59 TONNES FROM THE GLD INVENTORY///

INVENTORY RESTS AT 751.68 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 4 CENTS TODAY:

NO CHANGE IN SILVER INVENTORY AT THE SLSV//

/INVENTORY RESTS AT 311.979 MILLION OZ.

Let us head over to the comex:

AFTER APRIL, WE HAVE THE ACTIVE DELIVERY MONTH OF MAY AND HERE THE OI FELL BY 9544 CONTRACTS DOWN TO 81,084. CONTRACTS.. THE NEXT MONTH OF JUNE GAINED 97 CONTRACTS TO 231. AFTER JUNE, THE VERY BIG DELIVERY MONTH OF JULY HAD A GAIN OF 10,166 CONTRACTS UP TO 100,258 CONTRACTS.

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