ANOTHER HEDGE FUND BLOWN UP (ARCHEGOS) WHICH FOLLOWS LAST WEEK’S GREENSILL
Let us have a look at the data for today
THE COMEX OI IN SILVER FELL BY A SMALL SIZED 454 CONTRACTS FROM 156,955 DOWN TO 156,501, AND FURTHER FROM THE NEW RECORD OF 244,710, SET FEB 25/2020. THE LOSS IN OI OCCURRED WITH OUR $0.05 GAIN IN SILVER PRICING AT THE COMEX ON FRIDAY. IT SEEMS THAT THE LOSS IN COMEX OI IS DUE TO A HUMONGOUS BANKER AND ALGO SHORT COVERING !//HUGE REDDIT RAPTOR BUYING//.. COUPLED AGAINST A TINY EXCHANGE FOR PHYSICAL ISSUANCE. WE ALSO PROBABLY HAD ZERO LONG LIQUIDATION AS ALMOST ALL OF THE LOSS WAS DUE TO BANKER SHORT COVERING AND A HUGE INCREASE STANDING AT THE COMEX FOR MAR. WE HAD A SMALL NET LOSS IN OUR TWO EXCHANGES OF 327 CONTRACTS (SEE CALCULATIONS BELOW).
WE WERE NOTIFIED THAT WE HAD A SMALL NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: 127,, AS WE HAD THE FOLLOWING ISSUANCE: MARCH 0 MAY: 127 AND ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 127 CONTRACTS. THE BANKERS ARE NOW BEING BITTEN BY THOSE SERIAL FORWARDS (EFP’S CIRCULATING IN LONDON)AS THEY ARE NOW BEING EXERCISED AND COMING BACK TO NEW YORK FOR REDEMPTION OF METAL. THE COST TO SERVICE THESE SERIAL FORWARDS IS HIGH TO OUR BANKERS BUT THEY HAVE NO CHOICE BUT TO ISSUE A FEW OF THEM!
HISTORY OF SILVER OZ STANDING AT THE COMEX FOR THE PAST 33 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
2020
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****
45.220 MILLION OZ FINAL STANDING FOR MAY***
2.205 MILLION OF FINAL STANDING FOR JUNE
86.470 MILLION OZ FINAL STANDING IN JULY…RECORD HIGHEST EVER
6.475 MILLION OZ FINAL STANDING IN AUGUST
55.400 MILLION OZ FINAL STANDING IN SEPT
8.900 MILLION OZ INITIALLY STANDING IN OCT.
3.950 MILLION OZ FINAL STANDING IN NOV.
46.685 MILLION OZ FINAL STANDING FOR DEC.
2021
6.890 MILLION FINAL STANDING FOR JAN 2021
12.020 MILLION OZ FINAL STANDING FOR FEB 2021
58.300 MILLION OZ INITIAL STANDING FOR MARCH 2021//2ND HIGHEST EVER RECORDED
