HSBC CUSTODIAN FOR GLD BORROWS GOLD FROM THE BANK OF ENGLAND INTO THE GLD (NOT SURE IF THIS IS LEGAL?)

This post was originally published on this site

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $19.25 TO $1731.90//SILVER UP 33 CENTS TO $15.83//GOLD OZ STANDING FOR DELIVERY AT THE COMEX: 27.53 TONNES//HSBC CUSTODIAN FOR GLD BORROWS GOLD FROM THE BANK OF ENGLAND INTO THE GLD (NOT SURE IF THIS IS LEGAL?)//WAR OF WORDS BETWEEN CHINA AND THE USA ESCALATE/CORONAVIRUS UPDATE FOR TODAY/ANOTHER 2.7 MILLION AMERICANS RECEIVE UNEMPLOYMENT BENEFITS//FBI SEIZES CELL PHONE AND OTHER RECORDS OF SENATOR BURR/TRUMP ORDERS THE SENATE TO CALL OBAMA TO TESTIFY IN THE “OBAMAGATE” SCANDAL//MORE ON THE FLYNN–JUDGE SULLIVAN FIASCO//MORE SWAMP STORIES FOR YOU TONIGHT

GOLD:1731.90  UP $19.25   The quote is London spot price

Silver:$15.83  UP 33 CENTS (London spot closing price)

Closing access prices:  London spot

i)Gold : $1730.00  LONDON SPOT  4:30 pm

ii)SILVER:  $15.87//LONDON SPOT  4:30 pm

CLOSING FUTURES PRICES:  KEY MONTHS

MAY COMEX GOLD:  XXX

JUNE GOLD:  $1738.40  CLOSE 1.30 PM//   SPREAD SPOT (LONDON) VS/FUTURE JUNE: $6.60.//PREMIUMS WENT UP AGAIN

CLOSING SILVER FUTURE MONTH

SILVER JUNE COMEX CLOSE;   $16.04…1:30 PM.//SPREAD SPOT/(LONDON) VS FUTURE JUNE:  21 CENTS  PER OZ//PREMIUMS UP AGAIN//HUGE DIFFERENCE

the gold market continues to be broken as future prices are much higher than spot prices.  The comex is desperate to fix things but they have no available gold.

If one is to buy gold and or gold coins, the price is around $2800. usa per oz

and silver; $31.00 per oz//

LADIES AND GENTLEMEN: YOU ARE NOW WITNESSING FIRST HAND THE DIFFERENCE BETWEEN PAPER GOLD/SILVER AND THE REAL PHYSICAL STUFF!!

DO NOT PAY ANY ATTENTION TO WHAT THE CROOKS ARE DOING AT THE COMEX AND LONDON LBMA..PHYSICAL IS THE NAME OF THE GAME AND NOTHING ELSE

COMEX DATA

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

today RECEIVING: 33/142

issued 90

EXCHANGE: COMEX
CONTRACT: MAY 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,713.900000000 USD
INTENT DATE: 05/13/2020 DELIVERY DATE: 05/15/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 1
118 H MACQUARIE FUT 12
132 C SG AMERICAS 1
323 H HSBC 1
657 C MORGAN STANLEY 2
661 C JP MORGAN 90 33
686 C INTL FCSTONE 12
690 C ABN AMRO 6 61
737 C ADVANTAGE 41 11
800 C MAREX SPEC 5 5
905 C ADM 3
____________________________________________________________________________________________

TOTAL: 142 142
MONTH TO DATE: 7,900

NUMBER OF NOTICES FILED TODAY FOR  MAY CONTRACT: 142 NOTICE(S) FOR 14200 OZ (0.4416 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  7900 NOTICES FOR 790,000 OZ  (24.572 TONNES)

FOR MAY

8 NOTICE(S) FILED TODAY FOR  40,000  OZ/

total number of notices filed so far this month: 8709 for 43,545,000 oz

BITCOIN MORNING QUOTE  $9723 UP  415 

BITCOIN AFTERNOON QUOTE.: $9675 UP 531

GLD AND SLV INVENTORIES:

WITH GOLD UP $19.25: AND NO PHYSICAL TO BE FOUND ANYWHERE:

WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT:   WHERE ARE THEY GETTING THE “PHYSICAL”?

NO CHANGE IN GOLD INVENTORY AT THE GLD//

GLD: 1,092.14 TONNES OF GOLD//

WITH SILVER UP  33 CENTS TODAY: AND WITH NO SILVER AROUND

NO CHANGES IN SILVER INVENTORY AT THE SLV//

RESTING SLV INVENTORY TONIGHT:

SLV: 423.658  MILLION OZ./

XXXXXXXXXXXXXXXXXXXXXXXXX

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

IN SILVER THE COMEX OI ROSE  BY A FAIR SIZED 508 CONTRACTS FROM 135,987 UP TO 136495 AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE FAIR SIZED GAIN IN  OI OCCURRED WITH  OUR 2 CENT GAIN IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS DUE TO STRONG  BANKER SHORT COVERING PLUS A SMALL EXCHANGE FOR PHYSICAL ISSUANCE, ZERO LONG LIQUIDATION, ACCOMPANYING  A TINY DECREASE IN SILVER OZ STANDING AT THE COMEX FOR MAY. WE HAD A NET GAIN IN OUR TWO EXCHANGES OF 618 CONTRACTS  (SEE CALCULATIONS BELOW).

WE HAVE ALSO WITNESSED A HUMONGOUS 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 ROUTE:   MARCH:  00 AND MAY: 0 AND JULY: 110  AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  110 CONTRACTS. WITH THE TRANSFER OF 135 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 110 EFP CONTRACTS TRANSLATES INTO 0.550 MILLION OZ  ACCOMPANYING:

1.THE 2 CENT GAIN IN SILVER PRICE AT THE COMEX AND

2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST 12 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.

3.875 MILLION OZ STANDING FOR SILVER IN APRIL.

18.845 MILLION OZ STANDING FOR SILVER IN MAY.

2.660 MILLION OZ STANDING FOR SILVER IN JUNE//

22.605 MILLION OZ  STANDING FOR JULY

10.025   MILLION OZ INITIAL STANDING IN AUGUST.

43.030   MILLION OZ INITIALLY STANDING IN SEPT. (HUGE)

7.32     MILLION OZ INITIALLY STANDING IN OCT

2.630     MILLION OZ STANDING FOR NOV.

20.970   MILLION OZ  FINAL STANDING IN DEC

5.075     MILLION OZ FINAL STANDING IN JAN

1.480    MILLION OZ FINAL STANDING IN FEB

23.005  MILLION OZ FINAL STANDING FOR MAR

4.660  MILLION OZ FINAL STANDING FOR APRIL

45.380 MILLION OZ INITIALLY STANDING FOR MAY

WEDNESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE 2 CENTS).. AND, OUR OFFICIAL SECTOR/BANKERS  WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY AMOUNT OF SILVER LONGS FROM THEIR POSITIONS. THE GOOD GAIN AT THE COMEX WAS ACCOMPANIED BY : i)  A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A TINY LOSS IN SILVER OZ STANDING FOR MAY,3) SOME BANKER SHORT COVERING  AND 4) ZERO LONG LIQUIDATION AS  WE DID HAVE A  NET GAIN OF 706CONTRACTS OR 3.530 MILLION OZON THE TWO EXCHANGES! YOU CAN BET THE FARM THAT OUR BANKER  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER

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

7672 CONTRACTS (FOR 10 TRADING DAYS TOTAL 7672 CONTRACTS) OR 38.36 MILLION OZ: (AVERAGE PER DAY: 767 CONTRACTS OR 3.835 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF MAY: 38.36 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 5.48% 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.

Read More @ HarveyOrganBlog.com

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