Friday, September 16, 2016 11:42:54 PM
Just Stuff
MMgys
Good Morning !
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Crooks Have Free Rein on Gold & Silver As China On Holiday!
September 16, 2016 by The Doc
CHINA ON HOLIDAY SO THE CROOKS HAVE A FREE REIN ON GOLD AND SILVER TODAY…
GOLD WHACKED BY 8 DOLLARS AS THE CROOKS SUPPLY 70 TONNES OF PAPER GOLD/PAPER GOLD LEAVES THE GLD BUT SILVER PAPER DOES NOT LEAVE THE SLV/CHINESE CONTINUE TO ADD TO THEIR SHADOW BANKING LIABILITIES: THIS MONTH BY 1.4 TRILLION YEN (200 BILLION USA)/IN THE USA A SLEW OF BAD REPORTS; POOR RETAIL SALES/POOR INDUSTRIAL PRODUCTION/HIGH INVENTORIES TO SALES AT 1.39/AVERAGE WEEKLY WAGE DECLINES IN ALMOST ALL MAJOR USA COUNTIES
Gold $1315.00 down $8.00
Silver 18.96 down 2 cents
In the access market 5:15 pm
Gold: 1314.40
Silver: 18.99
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON
.
The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 5:30 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.
And now the fix recordings:
Shanghai morning fix Sept 15 (10:15 pm est last night): $ not available/holiday
NY ACCESS PRICE: $n/a (AT THE EXACT SAME TIME)
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ not available/holiday
NY ACCESS PRICE: n/a (AT THE EXACT SAME TIME)
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London Fix: Sept 15: 5:30 am est: $1320.10 (NY: same time: $1321.20: 5:30AM)
London Second fix Sept 8: 10 am est: $1310.80* (NY same time: $1311.80 , 10 AM)*after a beautifully orchestrated criminal raid today.
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.
For comex gold:The front September contract month we had 72 notices filed for 7200 oz
For silver: the front month of September we have a total of 94 notices filed for 470,000 oz
Yesterday, you could have bet the farm that there is going to be a raid on gold and silver today due to the Chinese festival. They will be on holiday until Monday. With no physical to draw on, it was relatively easy for our crooks to supply 70 tonnes of gold in seconds to cause gold to falter down to 1308.00 before recovering.
Let us have a look at the data for today
.
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In silver, the total open interest FELL by 487 contracts down to 193,466. The open interest fell despite the fact that the silver price was up 7 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .967 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia &ex China). the crooks are doing a great job fleecing unsuspecting longs
In silver we had 94 notices served upon for 470,000 oz
In gold, the total comex gold fell by 1,179 contracts as the price of gold fell BY $0.50 yesterday . The total gold OI stands at 573,823 contracts. The level of OI now is good for us as it will support a rise in gold price.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
LAST NIGHT WE HAD ONE change out of the GLD/ A HUGE WITHDRAWAL OF 3.27 TONNES FROM THE GLD/
Total gold inventory rest tonight at: 932.22 tonnes of gold
SLV
we had no changes with respect to inventory at the SLV
THE SLV Inventory rests at: 362.434 million oz
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver fell by 487 contracts down to 193,466 as the price of silver fell by 7 cents with yesterday’s trading.The gold open interest fell 1179 contracts down to 573,823 as the price of gold fell $0.50 IN YESTERDAY’S TRADING.
(report Harvey).
2.a) The Shanghai and London gold fix report
(Harvey)
2 b) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
end
3. ASIAN AFFAIRS
i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed FOR HOLIDAY/ /Hang Sang closed UP 144.95 points or 0.63%. The Nikkei closed DOWN 209.23 POINTS OR 1.63% Australia’s all ordinaires CLOSED UP 0.23% Chinese yuan (ONSHORE) closed HUGELY UP at 6.6583/Oil ROSE to 44.02 dollars per barrel for WTI and 46.21 for Brent. Stocks in Europe: ALL IN THE GREEN Offshore yuan trades 6.6580 yuan to the dollar vs 6.6583 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS HUGELY AS MORE USA DOLLARS ATTEMPT TO LEAVE CHINA’S SHORES
REPORT ON JAPAN SOUTH KOREA NORTH KOREA AND CHINA
3a)Korea:
none
b) REPORT ON JAPAN
The high libor in uSA terms is causing real problems for certain Japanese banks as they are having a tough time finding liquidity. Then this: one major Japanese bank was so desperate that they borrowed 60 billion USA from money market funds last month;
(courtesy zero hedge)
c) REPORT ON CHINA
China floods her economy with over 1 trillion yen in new August credit as most of this “total Social Financing” went into house mortgages which is a huge big industry in China and makes up a considerable chunk of their shadow banking sector. This is a house of cards waiting to falter
( zero hedge)
4 EUROPEAN AFFAIRS
i)BANK OF ENGLAND
No surprises here: the Bank of England keeps its rate unchanged at .25%/ The level of QE remains the same. Many members of the Central Bank expect a cut in its rate to zero in the near future
( zero hedge)
ii)SPAIN
Rajoy blows any chance of a coalition when he appoints a person to a lucrative position at the world bank even though he has received graft in the past.
( Mish Shedlock)
iii)GERMANY
Germany has received 1 million migrants seeking the safe haven paradise of Germany. From the latest stats we find that we have a good start in providing jobs for them: only 100 jobs leaving the rest unemployed
( zero hedge)
iiib Then last night, this was bound to happen: German right wing extremists came in contact with 20 refugees in the German town of Baitzem located close to the Czech border and 60 km from Dresden:( zero hedge)
iiic) After a humiliating defeat in her own home town last month, Merkel is bracing for more misery with the Berlin area elections this Sunday:
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
none today
6.GLOBAL ISSUES
none today
7.OIL ISSUES
OIL plunges again as Libya and Nigeria are set to supply which will increase the glut
( Bloomberg)
8.EMERGING MARKETS
none today
9.PHYSICAL STORIES
i)My goodness that was a lot of paper gold dumped at exactly 8:30 this morning.
Ladies and Gentlemen: your crime scene. These crooks have no gold behind them and their act is nothing but criminal!
( Dave Kranzler)
ii)With the Fed beginning to embrace the concept of negative rates in the USA, the only GO to asset will be gold/silver.
( Stefan Gleason/Lawrie onGold)
10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER
i)A good look at our impoverished inner cities
( Michael Snyder/Economic Collapse blog)
ii)Ford announces that it plans to shift all small car production to Mexico. If Trump gets in, he will introduce a 35% tax and that will stop their move in a heart-beat
( zero hedge)
iii)The following is a big miss as retail sales growth tumbles to a 6 month lows as it rose just 1.9%/year over year. Month over month saw a drop in sales.
( zero hedge)
iv)Initial claims lower to 260,000 but forward looking expectations in employment for both service and manufacturing sectors do not look good
( zero hedge)
v)Wow!! this is a good one: the NY Empire manufacturing index mysteriously rises even though ALL of its components deteriorate. Figure that one out
( zero hedge)
vi)Another biggy!! Industrial production falls by .4% month over month in August, its biggest drop since March. Its year over year drop 1.1%: the longest non recessionary slump in over 100 years
( zero hedge)
vii This is another biggy: average weekly wages declines in most of the USA counties. Janet and Stanley still believe the USA economy is doing fine?
( zerohedge)
viii)The following indicator is the best one to indicate recession or not: Sales to Business inventories. Last month: business inventories rose .5% but business sales dropped .8% and the 19th consecutive month of declines and inventory builds. The all important ratio rises to 1.39 and in extreme recession levels.
(courtesy zero hedge)
Let us head over to the comex:
The total gold comex open interest fell to an OI level of 573,823 for a loss of 1179 contracts as the price of gold FELL by $0.50 with yesterday’s trading. We are now in the NON active month of SEPTEMBER/
The contract month of Sept saw it’s OI RISE by 55 contracts UP to 209. We had 16 notices filed yesterday so we GAINED 71 contracts or 7100 additional oz will stand for delivery. The next delivery month is October and here the OI FELL by 1046 contracts down to 39,790. This level is extremely high and no doubt many of these will wait it out and take delivery at the end of the month. The next contract month of December showed an decrease of 1,706 contracts down to 427,358 .The estimated volume today at the comex: 171,811 fair Confirmed volume yesterday: 210,555 which is good.
Today we had 72 notice filed for 7200 oz of gold.
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And now for the wild silver comex results. Total silver OI fell by 487 contracts from 193,953 down to 193,466 with the FALL in price of silver to the tune of 7 cents yesterday. We are moving away from the all time record high for silver open interest set on Wednesday August 3: (224,540). We are now into the next active month of September and here the OI fell by 56 contracts down to 830. We had 106 notices filed upon YESTERDAY so we GAINED BACK 50 contracts or 250,000 additional oz will stand for delivery in this active month of September. The next non active delivery movement of October hardly moved rose by 12 contracts up to 282 contracts. The next big delivery month will be December and here it fell, down 274 contracts to 168,287. The volume on the comex today (just comex) came in at 59,956 which is excellent The confirmed volume yesterday (comex and globex) was huge at 84,733 . Silver is not in backwardation. London is in backwardation for several months.
today we had 94 notices filed for silver: 460,000 oz
INITIAL standings for SEPTEMBER
SEPT 15.
Note: gold inventory not available today because of CME goof!
Gold
Ounces
Withdrawals from Dealers Inventory in oz NIL
Withdrawals from Customer Inventory in oz nil
nil
Deposits to the Dealer Inventory in oz NIL oz
Deposits to the Customer Inventory, in oz
578.700 oz
Delaware
No of oz served (contracts) today
72 notices
7,200 oz
No of oz to be served (notices)
137 contracts
(13,700 oz)
Total monthly oz gold served (contracts) so far this month
2416 contracts
241,600 oz
7.5147 tonnes
Total accumulative withdrawals of gold from the Dealers inventory this month 192.90 oz
Total accumulative withdrawal of gold from the Customer inventory this month 76,117.3 oz
Today; tiny activity at the gold comex and one kilobar entry
We had 0 dealer deposit:
Total dealer deposits; NIL oz
We had 0 dealer withdrawals:
total dealer withdrawals; NIL oz
we had 1 customer deposits:
i) Into Delaware; 578.700 oz (18 kilobars)
Total customer deposits: 578.700 oz.
We had 0 customer withdrawals:
total customer withdrawals: nil oz
Today we had 1 dandy adjustment:
i) Out of jPMorgan: 48,491.169 oz was adjusted out of the dealer and this landed into the customer account of JPM (1/508 tonnes)..
EVERYDAY MORE AND MORE GOLD IS LEAVING THE COMEX AND VERY LITTLE IS COMING IN WHETHER KILBARS OR NOT. IN THE LAST MONTH 14 NET TONNES HAS LEFT THE COMEX.
Note:
If anybody is holding any gold at the comex, you must be out of your mind!!!
since comex gold storage is unallocated , rest assured any gold stored at the comex will be compromised!
I also urge all of you do not place any option trades at the comex as these gangsters will gun you down.
If you are taking delivery of gold/silver please remove it from comex banks and place it in private vaults
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Today, 0 notices were issued from JPMorgan dealer account and 0 notices were issued form their client or customer account. The total of all issuance by all participants equates to 72 contract of which 0 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped (received) by jPMorgan customer account.
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To calculate the initial total number of gold ounces standing for the SEPT contract month, we take the total number of notices filed so far for the month (2416) x 100 oz or 241,600 oz, to which we add the difference between the open interest for the front month of SEPT (209 contracts) minus the number of notices served upon today (72) x 100 oz per contract equals 255,300 oz, the number of ounces standing in this NON active month of September.
Thus the INITIAL standings for gold for the SEPT contract month:
No of notices served so far (2416) x 100 oz or ounces + {OI for the front month (209) minus the number of notices served upon today (72) x 100 oz which equals 255,300 oz standing in this non active delivery month of SEPT (7.9409 tonnes).
we GAINED 71 contracts or an additional 7100 oz will stand. We have surpassed our original standings on first day notice. (ON FIRST DAY NOTICE 7.5561 TONNES STOOD FOR DELIVERY)
Total dealer inventor 2,328,681.775 or 72.432 tonnes
Total gold inventory (dealer and customer) =10,881,286.079 or 338.45 tonnes
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 338.45 tonnes for a gain of 35 tonnes over that period. However since August 8 we have lost 15 tonnes leaving the comex.
Ladies and Gentlemen: the comex is beginning to lose some of its gold as no doubt the Shanghai fix is having its effect.
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 or hypothecated gold sent to other jurisdictions so that they will not be short in their derivatives like they are in England. This would be similar to the rehypothecated gold used by Jon Corzine. If this is the case, this would be the greatest fraud perpetrated on USA soil!!.
end
And now for silver
SEPT INITIAL standings
SEPT15.2016
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
nil oz
Deposits to the Dealer Inventory
392,272.500 OZ
CNT
Deposits to the Customer Inventory
600,555.650 oz
BRINKS
No of oz served today (contracts)
94 CONTRACTS
(460,000 OZ)
No of oz to be served (notices)
736 contracts
(3,680,000 oz)
Total monthly oz silver served (contracts) 2310 contracts (11,550,000 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 4,021,672.1 oz
today, we had 1 deposit into the dealer account:
i) Into CNT; 392,272.500 oz
total dealer deposit: 392,272.500 oz
we had 0 dealer withdrawals:
total dealer withdrawals: NIL oz
we had 0 customer withdrawals:
Total customer withdrawals: nil oz
We had 1 customer deposit:
i) Into Brinks: 600,555.680 oz
total customer deposits: 600,555.680 oz
we had 0 adjustment
The total number of notices filed today for the SEPT contract month is represented by 94 contracts for 470,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPT., we take the total number of notices filed for the month so far at (2310) x 5,000 oz = 11,550,000 oz to which we add the difference between the open interest for the front month of SEPT (830) and the number of notices served upon today (94) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the SEPT contract month: 2310(notices served so far)x 5000 oz +(830 OI for front month of SEPT ) -number of notices served upon today (94)x 5000 oz equals 15,230,000 oz of silver standing for the SEPT contract month.
we GAINED 50 contracts or an additional 250,000 will stand FOR DELIVERY IN THIS ACTIVE MONTH OF SEPTEMBER.
Total dealer silver: 31.177 million (close to record low inventory
Total number of dealer and customer silver: 167.79 million oz (close to a record low)
The total open interest on silver is NOW close to its all time high with the record of 224,540 being set AUGUST 3.2016. The registered silver (dealer silver) is NOW NEAR multi year lows as silver is being drawn out at both dealer and customer levels and heading to China and other destinations. The shear movement of silver into and out of the vaults signify that something is going on in silver.
end
And now the Gold inventory at the GLD
SEPT 15/another paper withdrawal of 3.27 tonnes of “gold” inentory leaves the GLD/Inventory rests at 932.22 tonnes
SEPT 14./A withdrawal of 4.45 tonnes of gold inventory from the GLD/Inventory rests at 935.49 tonnes
SEPT 13/no changes in gold inventory at the GLD/Inventory rests at 939.94 tonnes
Sept 12/no changes in gold inventory at the GLD/inventory rests at 939.94 tonnes
SEPT 9/ we had a big changes tonight out of the GLD/ there were two major withdrawals
i) first early morning: 1.19 tonnes
ii) second: 10.68 tonnes of gold
total: 11.87 tonnes
Total gold inventory rest tonight at: 939.94 tonnes of gold
Sept 8./no changes in gold inventory at the GLD/Inventory rests tonight at 951.81 tonnes
SEPT 7.2016/we had a small withdrawal of .333 tones from the GLD/Inventory rests tonight at 951.81 tonnes
Sept 6/a monstrous addition of 14.25 tonnes into the GLD/with London in backwardation in gold I wonder how these guys found so much “gold”/Inventory rests tonight at 952.14 tonnes/
Sept 2/no change in inventory at the GLD/Inventory rests at 937.89 tonnes
SEPT 1/another montrous withdrawal of 5.34 tonnes/Inventory rests at 937.89 tonnes
August 31/ a monstrous 13.36 tonnes of gold leaves the GLD/inventory rests at 943.23 tonnes
august 30/no change at the GLD/Inventory rests at 956.59 tonnes
August 29/no changes at the GLD/Inventory rests at 956.59 tonnes
August 26./no changes at the GLD/inventory rests at 956.59 tonnes
August 25/a withdrawal of 1.78 tonnes at the GLD/Inventory rests at 956.59 tones
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SEPT 15/ Inventory rests tonight at 933.22 tonnes
end
Now the SLV Inventory
SEPT 15/no change in silver inventory/inventory rests at 362.434 million oz.
SEPT 14/no change in silver inventory at the SLV/Inventory rests at 362.434 million oz
sept 13/2016: a huge deposit of 1.329 million oz into the SLV/Inventory rests at 362.434 million oz/
Sept 12/a huge withdrawal of 1.614 million oz from the SLV/Inventory rests at 361.105 million oz
SEPT 9/no change in silver inventory at the SLV/Inventory rests at 362.719 million oz/
Sept 8/ no changes in silver inventory at the SLV/Inventory rests at 362.719 million oz/
SEPT 7/We had a huge addition of 3.134 million oz into the SLV/Inventory rests a t 362.719 million oz. In less than a month we had added 11 million oz of silver into SLV vaults.
Sept 6/Strange: no addition of silver at the SLV. You mean they cannot find any paper silver?/Inventory rests at 359.585 million oz
Sept 2/a small withdrawal of 158,000 oz at the SLV probably to pay for fees/Inventor rests at 359.585 million oz.
SEPT 1/no change in inventory at the SLV/Inventory rests at 359.743 million oz/
August 31/we had a monstrous addition of 1.899 million oz into the SLV/this would be a paper addition/inventory rests at 359.743 million oz//why the difference in gold and silver: one reduces dramatically and the other increases dramatically
August 30/no change in silver inventory/inventory rests at 357.844 million oz/
August 29/we had a good sized deposit of 950,000 oz at the SLV/Inventory rests at 357.844 million oz/
August 26/no change in silver inventory at the SLV/Inventory rests at 356.894 million oz
August 25/a withdrawal of 1.899 million oz from the SLV/Inventory rests at 356.894 million oz
.
SEPT 15.2016: Inventory 362.434 million oz
end
NPV for Sprott and Central Fund of Canada
1. Central Fund of Canada: traded at Negative 5.0 percent to NAV usa funds and Negative 4.5% to NAV for Cdn funds!!!! (the discount is starting to disappear)
Percentage of fund in gold 59.7%
Percentage of fund in silver:39.1%
cash .+1.2%( SEPT 15/2016).
2. Sprott silver fund (PSLV): Premium rises to +0.39%!!!! NAV (SEPT 15/2016)
3. Sprott gold fund (PHYS): premium to NAV rises TO 0.83% to NAV ( SEPT 15/2016)
Note: Sprott silver trust back into POSITIVE territory at +0.37% /Sprott physical gold trust is back into positive territory at 0.83%/Central fund of Canada’s is still in jail.
http://www.silverdoctors.com/silver/silver-news/harvey-organ-china-holiday-gold-and-silver/#more-72425
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MMgys
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MMgys
Good Morning !
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Crooks Have Free Rein on Gold & Silver As China On Holiday!
September 16, 2016 by The Doc
CHINA ON HOLIDAY SO THE CROOKS HAVE A FREE REIN ON GOLD AND SILVER TODAY…
GOLD WHACKED BY 8 DOLLARS AS THE CROOKS SUPPLY 70 TONNES OF PAPER GOLD/PAPER GOLD LEAVES THE GLD BUT SILVER PAPER DOES NOT LEAVE THE SLV/CHINESE CONTINUE TO ADD TO THEIR SHADOW BANKING LIABILITIES: THIS MONTH BY 1.4 TRILLION YEN (200 BILLION USA)/IN THE USA A SLEW OF BAD REPORTS; POOR RETAIL SALES/POOR INDUSTRIAL PRODUCTION/HIGH INVENTORIES TO SALES AT 1.39/AVERAGE WEEKLY WAGE DECLINES IN ALMOST ALL MAJOR USA COUNTIES
Gold $1315.00 down $8.00
Silver 18.96 down 2 cents
In the access market 5:15 pm
Gold: 1314.40
Silver: 18.99
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON
.
The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 5:30 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.
And now the fix recordings:
Shanghai morning fix Sept 15 (10:15 pm est last night): $ not available/holiday
NY ACCESS PRICE: $n/a (AT THE EXACT SAME TIME)
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ not available/holiday
NY ACCESS PRICE: n/a (AT THE EXACT SAME TIME)
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London Fix: Sept 15: 5:30 am est: $1320.10 (NY: same time: $1321.20: 5:30AM)
London Second fix Sept 8: 10 am est: $1310.80* (NY same time: $1311.80 , 10 AM)*after a beautifully orchestrated criminal raid today.
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.
For comex gold:The front September contract month we had 72 notices filed for 7200 oz
For silver: the front month of September we have a total of 94 notices filed for 470,000 oz
Yesterday, you could have bet the farm that there is going to be a raid on gold and silver today due to the Chinese festival. They will be on holiday until Monday. With no physical to draw on, it was relatively easy for our crooks to supply 70 tonnes of gold in seconds to cause gold to falter down to 1308.00 before recovering.
Let us have a look at the data for today
.
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In silver, the total open interest FELL by 487 contracts down to 193,466. The open interest fell despite the fact that the silver price was up 7 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .967 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia &ex China). the crooks are doing a great job fleecing unsuspecting longs
In silver we had 94 notices served upon for 470,000 oz
In gold, the total comex gold fell by 1,179 contracts as the price of gold fell BY $0.50 yesterday . The total gold OI stands at 573,823 contracts. The level of OI now is good for us as it will support a rise in gold price.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
LAST NIGHT WE HAD ONE change out of the GLD/ A HUGE WITHDRAWAL OF 3.27 TONNES FROM THE GLD/
Total gold inventory rest tonight at: 932.22 tonnes of gold
SLV
we had no changes with respect to inventory at the SLV
THE SLV Inventory rests at: 362.434 million oz
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver fell by 487 contracts down to 193,466 as the price of silver fell by 7 cents with yesterday’s trading.The gold open interest fell 1179 contracts down to 573,823 as the price of gold fell $0.50 IN YESTERDAY’S TRADING.
(report Harvey).
2.a) The Shanghai and London gold fix report
(Harvey)
2 b) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
end
3. ASIAN AFFAIRS
i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed FOR HOLIDAY/ /Hang Sang closed UP 144.95 points or 0.63%. The Nikkei closed DOWN 209.23 POINTS OR 1.63% Australia’s all ordinaires CLOSED UP 0.23% Chinese yuan (ONSHORE) closed HUGELY UP at 6.6583/Oil ROSE to 44.02 dollars per barrel for WTI and 46.21 for Brent. Stocks in Europe: ALL IN THE GREEN Offshore yuan trades 6.6580 yuan to the dollar vs 6.6583 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS HUGELY AS MORE USA DOLLARS ATTEMPT TO LEAVE CHINA’S SHORES
REPORT ON JAPAN SOUTH KOREA NORTH KOREA AND CHINA
3a)Korea:
none
b) REPORT ON JAPAN
The high libor in uSA terms is causing real problems for certain Japanese banks as they are having a tough time finding liquidity. Then this: one major Japanese bank was so desperate that they borrowed 60 billion USA from money market funds last month;
(courtesy zero hedge)
c) REPORT ON CHINA
China floods her economy with over 1 trillion yen in new August credit as most of this “total Social Financing” went into house mortgages which is a huge big industry in China and makes up a considerable chunk of their shadow banking sector. This is a house of cards waiting to falter
( zero hedge)
4 EUROPEAN AFFAIRS
i)BANK OF ENGLAND
No surprises here: the Bank of England keeps its rate unchanged at .25%/ The level of QE remains the same. Many members of the Central Bank expect a cut in its rate to zero in the near future
( zero hedge)
ii)SPAIN
Rajoy blows any chance of a coalition when he appoints a person to a lucrative position at the world bank even though he has received graft in the past.
( Mish Shedlock)
iii)GERMANY
Germany has received 1 million migrants seeking the safe haven paradise of Germany. From the latest stats we find that we have a good start in providing jobs for them: only 100 jobs leaving the rest unemployed
( zero hedge)
iiib Then last night, this was bound to happen: German right wing extremists came in contact with 20 refugees in the German town of Baitzem located close to the Czech border and 60 km from Dresden:( zero hedge)
iiic) After a humiliating defeat in her own home town last month, Merkel is bracing for more misery with the Berlin area elections this Sunday:
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
none today
6.GLOBAL ISSUES
none today
7.OIL ISSUES
OIL plunges again as Libya and Nigeria are set to supply which will increase the glut
( Bloomberg)
8.EMERGING MARKETS
none today
9.PHYSICAL STORIES
i)My goodness that was a lot of paper gold dumped at exactly 8:30 this morning.
Ladies and Gentlemen: your crime scene. These crooks have no gold behind them and their act is nothing but criminal!
( Dave Kranzler)
ii)With the Fed beginning to embrace the concept of negative rates in the USA, the only GO to asset will be gold/silver.
( Stefan Gleason/Lawrie onGold)
10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER
i)A good look at our impoverished inner cities
( Michael Snyder/Economic Collapse blog)
ii)Ford announces that it plans to shift all small car production to Mexico. If Trump gets in, he will introduce a 35% tax and that will stop their move in a heart-beat
( zero hedge)
iii)The following is a big miss as retail sales growth tumbles to a 6 month lows as it rose just 1.9%/year over year. Month over month saw a drop in sales.
( zero hedge)
iv)Initial claims lower to 260,000 but forward looking expectations in employment for both service and manufacturing sectors do not look good
( zero hedge)
v)Wow!! this is a good one: the NY Empire manufacturing index mysteriously rises even though ALL of its components deteriorate. Figure that one out
( zero hedge)
vi)Another biggy!! Industrial production falls by .4% month over month in August, its biggest drop since March. Its year over year drop 1.1%: the longest non recessionary slump in over 100 years
( zero hedge)
vii This is another biggy: average weekly wages declines in most of the USA counties. Janet and Stanley still believe the USA economy is doing fine?
( zerohedge)
viii)The following indicator is the best one to indicate recession or not: Sales to Business inventories. Last month: business inventories rose .5% but business sales dropped .8% and the 19th consecutive month of declines and inventory builds. The all important ratio rises to 1.39 and in extreme recession levels.
(courtesy zero hedge)
Let us head over to the comex:
The total gold comex open interest fell to an OI level of 573,823 for a loss of 1179 contracts as the price of gold FELL by $0.50 with yesterday’s trading. We are now in the NON active month of SEPTEMBER/
The contract month of Sept saw it’s OI RISE by 55 contracts UP to 209. We had 16 notices filed yesterday so we GAINED 71 contracts or 7100 additional oz will stand for delivery. The next delivery month is October and here the OI FELL by 1046 contracts down to 39,790. This level is extremely high and no doubt many of these will wait it out and take delivery at the end of the month. The next contract month of December showed an decrease of 1,706 contracts down to 427,358 .The estimated volume today at the comex: 171,811 fair Confirmed volume yesterday: 210,555 which is good.
Today we had 72 notice filed for 7200 oz of gold.
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And now for the wild silver comex results. Total silver OI fell by 487 contracts from 193,953 down to 193,466 with the FALL in price of silver to the tune of 7 cents yesterday. We are moving away from the all time record high for silver open interest set on Wednesday August 3: (224,540). We are now into the next active month of September and here the OI fell by 56 contracts down to 830. We had 106 notices filed upon YESTERDAY so we GAINED BACK 50 contracts or 250,000 additional oz will stand for delivery in this active month of September. The next non active delivery movement of October hardly moved rose by 12 contracts up to 282 contracts. The next big delivery month will be December and here it fell, down 274 contracts to 168,287. The volume on the comex today (just comex) came in at 59,956 which is excellent The confirmed volume yesterday (comex and globex) was huge at 84,733 . Silver is not in backwardation. London is in backwardation for several months.
today we had 94 notices filed for silver: 460,000 oz
INITIAL standings for SEPTEMBER
SEPT 15.
Note: gold inventory not available today because of CME goof!
Gold
Ounces
Withdrawals from Dealers Inventory in oz NIL
Withdrawals from Customer Inventory in oz nil
nil
Deposits to the Dealer Inventory in oz NIL oz
Deposits to the Customer Inventory, in oz
578.700 oz
Delaware
No of oz served (contracts) today
72 notices
7,200 oz
No of oz to be served (notices)
137 contracts
(13,700 oz)
Total monthly oz gold served (contracts) so far this month
2416 contracts
241,600 oz
7.5147 tonnes
Total accumulative withdrawals of gold from the Dealers inventory this month 192.90 oz
Total accumulative withdrawal of gold from the Customer inventory this month 76,117.3 oz
Today; tiny activity at the gold comex and one kilobar entry
We had 0 dealer deposit:
Total dealer deposits; NIL oz
We had 0 dealer withdrawals:
total dealer withdrawals; NIL oz
we had 1 customer deposits:
i) Into Delaware; 578.700 oz (18 kilobars)
Total customer deposits: 578.700 oz.
We had 0 customer withdrawals:
total customer withdrawals: nil oz
Today we had 1 dandy adjustment:
i) Out of jPMorgan: 48,491.169 oz was adjusted out of the dealer and this landed into the customer account of JPM (1/508 tonnes)..
EVERYDAY MORE AND MORE GOLD IS LEAVING THE COMEX AND VERY LITTLE IS COMING IN WHETHER KILBARS OR NOT. IN THE LAST MONTH 14 NET TONNES HAS LEFT THE COMEX.
Note:
If anybody is holding any gold at the comex, you must be out of your mind!!!
since comex gold storage is unallocated , rest assured any gold stored at the comex will be compromised!
I also urge all of you do not place any option trades at the comex as these gangsters will gun you down.
If you are taking delivery of gold/silver please remove it from comex banks and place it in private vaults
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Today, 0 notices were issued from JPMorgan dealer account and 0 notices were issued form their client or customer account. The total of all issuance by all participants equates to 72 contract of which 0 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped (received) by jPMorgan customer account.
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To calculate the initial total number of gold ounces standing for the SEPT contract month, we take the total number of notices filed so far for the month (2416) x 100 oz or 241,600 oz, to which we add the difference between the open interest for the front month of SEPT (209 contracts) minus the number of notices served upon today (72) x 100 oz per contract equals 255,300 oz, the number of ounces standing in this NON active month of September.
Thus the INITIAL standings for gold for the SEPT contract month:
No of notices served so far (2416) x 100 oz or ounces + {OI for the front month (209) minus the number of notices served upon today (72) x 100 oz which equals 255,300 oz standing in this non active delivery month of SEPT (7.9409 tonnes).
we GAINED 71 contracts or an additional 7100 oz will stand. We have surpassed our original standings on first day notice. (ON FIRST DAY NOTICE 7.5561 TONNES STOOD FOR DELIVERY)
Total dealer inventor 2,328,681.775 or 72.432 tonnes
Total gold inventory (dealer and customer) =10,881,286.079 or 338.45 tonnes
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 338.45 tonnes for a gain of 35 tonnes over that period. However since August 8 we have lost 15 tonnes leaving the comex.
Ladies and Gentlemen: the comex is beginning to lose some of its gold as no doubt the Shanghai fix is having its effect.
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 or hypothecated gold sent to other jurisdictions so that they will not be short in their derivatives like they are in England. This would be similar to the rehypothecated gold used by Jon Corzine. If this is the case, this would be the greatest fraud perpetrated on USA soil!!.
end
And now for silver
SEPT INITIAL standings
SEPT15.2016
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
nil oz
Deposits to the Dealer Inventory
392,272.500 OZ
CNT
Deposits to the Customer Inventory
600,555.650 oz
BRINKS
No of oz served today (contracts)
94 CONTRACTS
(460,000 OZ)
No of oz to be served (notices)
736 contracts
(3,680,000 oz)
Total monthly oz silver served (contracts) 2310 contracts (11,550,000 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 4,021,672.1 oz
today, we had 1 deposit into the dealer account:
i) Into CNT; 392,272.500 oz
total dealer deposit: 392,272.500 oz
we had 0 dealer withdrawals:
total dealer withdrawals: NIL oz
we had 0 customer withdrawals:
Total customer withdrawals: nil oz
We had 1 customer deposit:
i) Into Brinks: 600,555.680 oz
total customer deposits: 600,555.680 oz
we had 0 adjustment
The total number of notices filed today for the SEPT contract month is represented by 94 contracts for 470,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPT., we take the total number of notices filed for the month so far at (2310) x 5,000 oz = 11,550,000 oz to which we add the difference between the open interest for the front month of SEPT (830) and the number of notices served upon today (94) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the SEPT contract month: 2310(notices served so far)x 5000 oz +(830 OI for front month of SEPT ) -number of notices served upon today (94)x 5000 oz equals 15,230,000 oz of silver standing for the SEPT contract month.
we GAINED 50 contracts or an additional 250,000 will stand FOR DELIVERY IN THIS ACTIVE MONTH OF SEPTEMBER.
Total dealer silver: 31.177 million (close to record low inventory
Total number of dealer and customer silver: 167.79 million oz (close to a record low)
The total open interest on silver is NOW close to its all time high with the record of 224,540 being set AUGUST 3.2016. The registered silver (dealer silver) is NOW NEAR multi year lows as silver is being drawn out at both dealer and customer levels and heading to China and other destinations. The shear movement of silver into and out of the vaults signify that something is going on in silver.
end
And now the Gold inventory at the GLD
SEPT 15/another paper withdrawal of 3.27 tonnes of “gold” inentory leaves the GLD/Inventory rests at 932.22 tonnes
SEPT 14./A withdrawal of 4.45 tonnes of gold inventory from the GLD/Inventory rests at 935.49 tonnes
SEPT 13/no changes in gold inventory at the GLD/Inventory rests at 939.94 tonnes
Sept 12/no changes in gold inventory at the GLD/inventory rests at 939.94 tonnes
SEPT 9/ we had a big changes tonight out of the GLD/ there were two major withdrawals
i) first early morning: 1.19 tonnes
ii) second: 10.68 tonnes of gold
total: 11.87 tonnes
Total gold inventory rest tonight at: 939.94 tonnes of gold
Sept 8./no changes in gold inventory at the GLD/Inventory rests tonight at 951.81 tonnes
SEPT 7.2016/we had a small withdrawal of .333 tones from the GLD/Inventory rests tonight at 951.81 tonnes
Sept 6/a monstrous addition of 14.25 tonnes into the GLD/with London in backwardation in gold I wonder how these guys found so much “gold”/Inventory rests tonight at 952.14 tonnes/
Sept 2/no change in inventory at the GLD/Inventory rests at 937.89 tonnes
SEPT 1/another montrous withdrawal of 5.34 tonnes/Inventory rests at 937.89 tonnes
August 31/ a monstrous 13.36 tonnes of gold leaves the GLD/inventory rests at 943.23 tonnes
august 30/no change at the GLD/Inventory rests at 956.59 tonnes
August 29/no changes at the GLD/Inventory rests at 956.59 tonnes
August 26./no changes at the GLD/inventory rests at 956.59 tonnes
August 25/a withdrawal of 1.78 tonnes at the GLD/Inventory rests at 956.59 tones
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SEPT 15/ Inventory rests tonight at 933.22 tonnes
end
Now the SLV Inventory
SEPT 15/no change in silver inventory/inventory rests at 362.434 million oz.
SEPT 14/no change in silver inventory at the SLV/Inventory rests at 362.434 million oz
sept 13/2016: a huge deposit of 1.329 million oz into the SLV/Inventory rests at 362.434 million oz/
Sept 12/a huge withdrawal of 1.614 million oz from the SLV/Inventory rests at 361.105 million oz
SEPT 9/no change in silver inventory at the SLV/Inventory rests at 362.719 million oz/
Sept 8/ no changes in silver inventory at the SLV/Inventory rests at 362.719 million oz/
SEPT 7/We had a huge addition of 3.134 million oz into the SLV/Inventory rests a t 362.719 million oz. In less than a month we had added 11 million oz of silver into SLV vaults.
Sept 6/Strange: no addition of silver at the SLV. You mean they cannot find any paper silver?/Inventory rests at 359.585 million oz
Sept 2/a small withdrawal of 158,000 oz at the SLV probably to pay for fees/Inventor rests at 359.585 million oz.
SEPT 1/no change in inventory at the SLV/Inventory rests at 359.743 million oz/
August 31/we had a monstrous addition of 1.899 million oz into the SLV/this would be a paper addition/inventory rests at 359.743 million oz//why the difference in gold and silver: one reduces dramatically and the other increases dramatically
August 30/no change in silver inventory/inventory rests at 357.844 million oz/
August 29/we had a good sized deposit of 950,000 oz at the SLV/Inventory rests at 357.844 million oz/
August 26/no change in silver inventory at the SLV/Inventory rests at 356.894 million oz
August 25/a withdrawal of 1.899 million oz from the SLV/Inventory rests at 356.894 million oz
.
SEPT 15.2016: Inventory 362.434 million oz
end
NPV for Sprott and Central Fund of Canada
1. Central Fund of Canada: traded at Negative 5.0 percent to NAV usa funds and Negative 4.5% to NAV for Cdn funds!!!! (the discount is starting to disappear)
Percentage of fund in gold 59.7%
Percentage of fund in silver:39.1%
cash .+1.2%( SEPT 15/2016).
2. Sprott silver fund (PSLV): Premium rises to +0.39%!!!! NAV (SEPT 15/2016)
3. Sprott gold fund (PHYS): premium to NAV rises TO 0.83% to NAV ( SEPT 15/2016)
Note: Sprott silver trust back into POSITIVE territory at +0.37% /Sprott physical gold trust is back into positive territory at 0.83%/Central fund of Canada’s is still in jail.
http://www.silverdoctors.com/silver/silver-news/harvey-organ-china-holiday-gold-and-silver/#more-72425
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MMgys
Wishing Y'all a Great Weekend !
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