Saturday, February 18, 2017 2:20:52 PM
Right On cork! Least they expose themselves more
MMGYS
Hope Your Having A Nice Weekend !
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PBOC Attempts to Stop Dollars From Leaving China! -Harvey Organ
Posted on February 17, 2017 by The Doc
THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS AGAIN AS POBC ATTEMPTS TO STOP USA DOLLARS FROM LEAVING CHINA’S SHORES.
GOLD ADVANCES BY $8.30/SILVER BY 11 CENTS AND SURPASSES BIG RESISTANCE AT 18 DOLLARS/OPEN INTEREST IN SILVER RISES TO 199,000 PLUS CONTRACTS/SOUTH KOREA’S COURT ISSUES AN ARREST WARRANT FOR CEO LEE/CITIZENS IN GREECE REMOVING HUGE AMOUNTS OF EUROS AS THEY ARE FRIGHTENED OF THE STALEMATE WITH RESPECT TO THE NEGOTIATIONS WITH EU AND IMF/MADDOG MATTIS ISSUES ULTIMATUM TO NATO: EITHER SPEND FOR THE DEFENSE OF NATO OR USA WILL PULL FUNDING
Gold at (1:30 am est) $1240.00 UP $8.30
silver was : $18.06: UP 11 CENTS
Access market prices:
Gold: $1239.40
Silver: $18.10
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON
.
The Shanghai fix is at 10:15 pm est last night and 2:15 am est early this morning
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:
THURSDAY gold fix Shanghai
Shanghai FIRST morning fix Feb 16/17 (10:15 pm est last night): $ 1243.46
NY ACCESS PRICE: $1235.60 (AT THE EXACT SAME TIME)/premium $8.06
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Shanghai SECOND afternoon fix: 2: 15 am est (second fix/early morning):$ 1244.06
NY ACCESS PRICE: $1233.80 (AT THE EXACT SAME TIME/2:15 am)
SPREAD/ 2ND FIX TODAY!!: 10.26
China rejects NY pricing of gold as a fraud/arbitrage will now commence fully
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London FIRST Fix: Feb 16/2017: 5:30 am est: $1236.75.75 (NY: same time: $1237.21 (5:30AM)
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London Second fix Feb 16.2017: 10 am est: $1240.55(NY same time: $1240.50 (10 am)
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.
end
For comex gold:
FEBRUARY/
NOTICES FILINGS FOR FEBRUARY CONTRACT MONTH: 1 NOTICE(S) FOR 100 OZ. TOTAL NOTICES SO FAR: 5125 FOR 512,500 OZ (15.941 TONNES)
For silver:
For silver: FEBRUARY
24 NOTICES FILED FOR 120,000 OZ/
TOTAL NO OF NOTICES FILED: 406 FOR 2,030,000 OZ
Let us have a look at the data for today
.
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In silver, the total open interest ROSE by 3,865 contracts UP to 199,203 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .996 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT FEBRUARY MONTH: THEY FILED: 24 NOTICE(S) FOR 120,000 OZ
In gold, the total comex gold ROSE BY 5,018 contracts WITH THE RISE IN THE PRICE GOLD ($7.80 with YESTERDAY’S trading ).The total gold OI stands at 420,146 contracts
we had 1 notice(s) filed upon for 100 oz of gold.
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With respect to the GLD and the SLV:
GLD:
We had no change in tonnes of gold at the GLD:
Inventory rests tonight: 843.54 tonnes
.
SLV
we had no changes in silver into the SLV
THE SLV Inventory rests at: 334.713 million oz
end
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE by 3,865 contracts UP to 199,203 AS SILVER WAS UP 8 CENTS with YESTERDAY’S trading. The gold open interest ROSE by 5,018 contracts UP to 420,146 WITH THE RISE IN THE PRICE OF GOLD OF $7.80 (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
3. ASIAN AFFAIRS
i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed UP 16.63 POINTS OR .52%/ /Hang Sang CLOSED UP 112.83 POINTS OR 0.47% . The Nikkei closed DOWN 90.45 POINTS OR 0.47% /Australia’s all ordinaires CLOSED UP 0.07%/Chinese yuan (ONSHORE) closed UP at 6.85873/Oil ROSE to 53.39 dollars per barrel for WTI and 56.04 for Brent. Stocks in Europe ALL IN THE RED. Offshore yuan trades 6.8451 yuan to the dollar vs 6.85873 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS AGAIN AS POBC ATTEMPTS TO STOP USA DOLLARS FROM LEAVING CHINA’S SHORES. ONSHORE YUAN STRONGER AS IS OFFSHORE YUAN COUPLED WITH THE WEAKER DOLLAR
REPORT ON JAPAN SOUTH KOREA NORTH KOREA AND CHINA
3a)THAILAND/SOUTH KOREA/NORTH KOREA
South Korea Court has issued an arrest warrant for Samsung’s Lee
(courtesy Bloomberg)
END
b) REPORT ON JAPAN
The banks in Japan are having real trouble with profitability due to negative interest rates. On top of that, they are having a tough time with the B. of J’s communication re their yield curve policy where they are capping the long term rate at 0%.
It seems that the banks in Japan are undergoing Mutiny on the Bounty as they do not trust them one bit. With a debt to GDP of 250% who could blame them
( zero hedge)
c) REPORT ON CHINA
This is not good: rumours are circulating that USA ships will not be allowed to pass through the China South seas.
( zero hedge)
4. EUROPEAN AFFAIRS
i)EU
A terrific commentary from Mish Shedlock today. He comments on the Chatham House poll which suggests that only 20% of Europe approves of the immigration policy of of the EU. The number one problem in France is the violence/chaos/ created by Muslims. Shedlock suggests that the polls in the upcoming election may have it wrong and that the real support for Le Pen may be much stronger
(courtesy Mish Shedlock/Mishtalk)
ii)Germany
Meet the probable new German Chancellor when the elections will be held in Sept/2017
( Bornsdorf/Saxo Bank)
iii)Greece
This should be alarming to the EU.
1.In the last 45 days:2.5 billion euros left the bank
2. from the beginning of the crisis in 2011, 120 billion euros have left the bank system
3. from a report in Nov 2015: in the preceding one yr: 45 billion euros have left the banking system of which 36 billion euros never returned.
Ladies and gentlemen; we have another bank run. I guess more controls are coming!
( zerohedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
Tillerson meets Lavrov. You can bet that Crimea will be discussed and Russia will no doubt state that this is a non starter:
( zero hedge)
6.GLOBAL ISSUES
none today
7. OIL ISSUES
none today
8. EMERGING MARKETS
none today
9. PHYSICAL MARKETS
i)Craig Hemke reports that the increase in inflation in the uSA is not sudden at all as the dollar has been depreciating for quite some time
( Craig Hemke/TFMetals)
ii)Agnico Eagle will invest in infrastructure to the too of 1.2 billion dollars in the Canadian Artic:
(COURTESY DANIELLE BOCHOVE/BLOOMBERG)
iii)Seeking alpha is got it right concerning Agnico Eagle. The stock stumbled today despite increasing reserves as well as indicating that they will hit 2.0 million oz of production by 2020
( seeking alpha)
iv)We have been pointing this out to you already this year: Chinese holdings of USA treasuries dropping like a stone
( Bloomberg News/GATA)
v)Trading in the physical markets today: copper and oil booth down due to the world finally perceiving that there is no growth:
(zero hedge)
vi)John Brimelow reports that premiums of 10 dollars per oz is quite prevalent in the Indian gold market indicating robust demand.
Over at the SGE a whopping 162 tonnes of gold was received on Monday. This is just one day’s report and it is the highest on record. Kranzler comments on the last two trading days with respect to gold as the bullion banks supplied huge quantities of paper gold trying to tame the gold price
( Dave Kranzler/IRD)
10.USA STORIES
i)Initial jobless claims raise but still the lowest levels in many years.
( zerohedge)
ii)Housing starts disappoints and this is coupled with a huge rise in building permits (driven by rentals).
( zero hedge)
iii)Another soft data report: The Philly Fed explodes to a 33 yr high and this is a 10 standard deviation beat:
( zero hedge)
iv)The CEO of insurance giant Aetna claims that Obamacare is in a death spiral because of huge premiums and risk polls are deteriorating. This is causing insurance companies pulling out of exchanges:
( zero hedge)
v)Maddog Mattis issues his ultimatum to NATO: Boost military spending (with contributions coming from NATO countries) or else the USA will cut its support
(courtesy zero hedge)
vi)Maddog rejects any military cooperation with Russia especially in Syria
( zero hedge)
vii)UNBELIEVABLE!! Wall Street Journal reports that uSA intelligent officials have withheld information from President Trump due to concerns that it could be leaked or compromised.
what on earth is going on in the USA?
( zerohedge)
viii)Trump and Chaffetz are attacking the leakers. Chaffetz has now requesting a Dept. of Justice probe into the source of the leaks.
( zero hedge)
ix)Your new Labour secretary and the fellow should be an easy confirmation. However the Donald is still angry on the leaks
( zerohedge)
Let us head over to the comex:
The total gold comex open interest ROSE BY 5,018 CONTRACTS UP to an OI level of 420,146 WITH THE RISE IN THE PRICE OF GOLD ( $7.80 with YESTERDAY’S trading). We are now in the contract month of FEBRUARY and it is one of the better delivery months of the year. In this next big active delivery month of February we had a LOSS of 110 contracts DOWN to 930. We had 1 notice(s) served upon yesterday and therefore we LOST 109 contracts or an additional 10,900 oz will not stand for delivery and NO DOUBT THEY WERE CASH SETTLED. The next non active contract month of March saw it’s OI RISE by 0 contracts REMAINING AT 2022.The next big active month is April and here the OI ROSE by 3038 contracts UP to 275,116.
We had 1 notice(s) filed upon today for 100 oz
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And now for the wild silver comex results. Total silver OI ROSE by 3,865 contracts FROM 195,338 UP TO 199,203 AS THE PRICE OF SILVER ROSE TO THE TUNE OF 8 CENTS with respect to YESTERDAY’S trading. We are moving CLOSER TO the all time record high for silver open interest set on Wednesday August 3/2016: (224,540).
The active month of February saw the OI FALL by 2 contract(s) DOWN TO 148. We had 26 notice(s) served YESTERDAY so we GAINED 24 CONTRACTS or an additional 120,000 oz will stand for delivery.
The next big active delivery month is March and here the OI decrease by 10,389 contracts down to 80,326 contracts. For comparison purposes last year on the same date only 78,261 contracts were standing.
We had 24 notice(s) filed for 120,000 oz for the FEBRUARY contract.
VOLUMES: for the gold comex
Today the estimated volume was 190,451 contracts which is good.
Yesterday’s confirmed volume was 234,771 contracts which is very good
volumes on gold are getting higher!
INITIAL standings for FEBRUARY
Feb 16/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
96.453 OZ
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
3215.000 oz
JPMorgan
No of oz served (contracts) today
1 notice(s)
100 oz
No of oz to be served (notices)
929 contracts
92,900 oz
Total monthly oz gold served (contracts) so far this month
5125 notices
512,500 oz
15.941 tonnes
Total accumulative withdrawals of gold from the Dealers inventory this month NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month 207,001.3 oz
Today we HAD 1 kilobar transaction(s)/
Today we had 0 deposit(s) into the dealer:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 1 customer deposit(s):
i) Into JPMorgan 32,150.0000 oz (1000 kilobars)
dubious!!
total customer deposits; 32,150.000 oz
We had 1 customer withdrawal(s)
i) Out of Brinks: 96.453 oz
total customer withdrawal: 96.453 oz
We had 0 adjustment(s)
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For FEBRUARY:
Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 1 contract(s) 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 FEBRUARY. contract month, we take the total number of notices filed so far for the month (5125) x 100 oz or 512,500 oz, to which we add the difference between the open interest for the front month of FEBRUARY (930 contracts) minus the number of notices served upon today (1) x 100 oz per contract equals 605,400 oz, the number of ounces standing in this active month of FEBRUARY.
Thus the INITIAL standings for gold for the FEBRUARY contract month:
No of notices served so far (5125) x 100 oz or ounces + {(930)OI for the front month minus the number of notices served upon today (1) x 100 oz which equals 605400 oz standing in this non active delivery month of FEBRUARY (18.830 tonnes)
we lost 109 contracts or an additional 10,900 oz will stand in this active delivery month and these were cash settled which is against comex contract law.
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On first day notice for FEB 2016, we had 20.124 tonnes of gold standing. At the conclusion of the month we had only 7.9876 tonnes standing. The data suggests that we had almost identical amounts standing in Feb ’16 and Feb 2017; however today’s totals already surpassed the final amt which eventually stood in 2016.(already 15.941 tonnes vs 7.9876 at the end of Feb).
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I have now gone over all of the final deliveries for this year and it is startling.
First of all: in 2015 for the 13 months: 51 tonnes delivered upon for an average of 4.25 tonnes per month.
Here are the final deliveries for all of 2016 and the first month of January 2017
Jan 2016: .5349 tonnes (Jan is a non delivery month)
Feb 2016: 7.9876 tonnes (Feb is a delivery month/deliveries this month very low)
March 2016: 2.311 tonnes (March is a non delivery month)
April: 12.3917 tonnes (April is a delivery month/levels on the low side
And then something happens and from May forward deliveries boom!
May; 6.889 tonnes (May is a non delivery month)
June; 48.552 tonnes ( June is a very big delivery month and in the end deliveries were huge)
July: 21.452 tonnes (July is a non delivery month and generally a poor one/not this time!)
August: 44.358 tonnes (August is a good delivery month and it came to fruition)
Sept: 8.4167 tonnes (Sept is a non delivery month)
Oct; 30.407 tonnes complete.
Nov. 8.3950 tonnes.
DEC. 29.931 tonnes
JAN/ 3.9004 tonnes
FEB/ 18.830 tonnes
total for the 14 months; 244.84 tonnes
average 17.488 tonnes per month vs last yr 59.51 tonnes total for 14 months or 4.250 tonnes average per month (last yr).
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Total dealer inventory 1,416,640.129 or 44.06 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,946,247.917 or 278.26 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.26 tonnes for a loss of 25 tonnes over that period. Since August 8/2016 we have lost 76 tonnes leaving the comex. However I am including kilobar transactions and they are very suspect at best
I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process and are being used in the raiding of gold!
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 of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction. This would be similar to the rehypothecated gold used by Jon Corzine at MF Global.
IN THE LAST 6 MONTHS 76 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE JANUARY DELIVERY MONTH
FEBRUARY INITIAL standings
feb 16. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
241,602.134 0z
Delaware
HSBC
Scotia
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
1046.024 oz
Delaware
No of oz served today (contracts)
24 CONTRACT(S)
(120,000 OZ)
No of oz to be served (notices)
124 contracts
(620,000 oz)
Total monthly oz silver served (contracts) 410 contracts (2,050,000 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 5,911,824.7 oz
today, we had 0 deposit(s) into the dealer account:
total dealer deposit: nil oz
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 3 customer withdrawal(s):
i) Out of Delaware: 1046.024 oz
ii) Out of HSBC: 165,091.93 oz
iii) Out of Scotia: 75,464.180 oz
TOTAL CUSTOMER WITHDRAWALS: 241,602.134 oz
we had 1 customer deposit(s):
i)Into Delaware: 1046.024 oz
***deposits into JPMorgan have now stopped.
total customer deposits; 241,602.134 oz
we had 1 adjustment(s)
i) Out of CNT: 499,191.140 oz leaves the dealer and enters the customer account of CNT
ii) out of Delaware: 309,695.340 oz leaves the customer and enters the dealer account of Delaware.
The total number of notices filed today for the FEBRUARY. contract month is represented by 24 contract(s) for 120,000 oz. To calculate the number of silver ounces that will stand for delivery in FEBRUARY., we take the total number of notices filed for the month so far at 410 x 5,000 oz = 2,050,000 oz to which we add the difference between the open interest for the front month of feb (148) and the number of notices served upon today (24) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the FEBRUARY contract month: 410(notices served so far)x 5000 oz + OI for front month of FEB.( 148 ) -number of notices served upon today (24)x 5000 oz equals 2,670,000 oz of silver standing for the Feb contract month. This is huge for a non active delivery month in silver.
We GAINED 24 contracts or an additional 120,000 oz will stand for delivery.
At first day notice for the FEB/2016 silver contract month we initially had 515,000 oz standing for delivery. By the conclusion of the delivery month we had 835,000 oz stand as some of the bankers required immediate silver inventory.
END
Volumes: for silver comex
Today the estimated volume was 84,069 which is huge!!!
FRIDAY’S confirmed volume was 100,877 contracts which is huge.
To give you an idea of volume yesterday’s confirmed volume:: 98,547 contracts equates to 504 million oz or 72% of ANNUAL GLOBAL PRODUCTION EX CHINA EX RUSSIA
Total dealer silver: 30.081 million (close to record low inventory
Total number of dealer and customer silver: 183.364 million oz
The total open interest on silver is NOW moving away from its all time high with the record of 224,540 being set AUGUST 3.2016.
end
And now the Gold inventory at the GLD
FEB 16/we had no changes in the GLD inventory today/Inventory rests at 843.54 tonnes
Feb 15./another deposit of 2.67 tonnes of gold into the GLD inventory despite another attempted whacking of gold/inventory rests at 843.54 tonnes
FEB 14/another deposit of 4.14 tonnes of gold into the GLD inventory/rests at 840.87 tonnes
FEB 13/another deposit of 4.15 tonnes of gold into the GLD/Inventory rests at 836.73 tonnes
Feb 10/no changes at the GLD/Inventory rests at 832.58 tonnes
feb 9/no changes at the GLD/Inventory rests at 832.58 tonnes
Feb 8/another “deposit” of 5.63 tonnes of gold into the GLD/The addition is a paper addition/total inventory: 832.58 tonnes
Feb 7/another huge fake deposit of 8.30 tonnes of gold into the GLD/the addition is a paper addition and no doubt not physical/ total inventory: 826.95 tonnes
FEB 6/a huge deposit of 7.43 tonnes of gold into the GLD/Inventory rests at 818.65 tonnes
FEB 3/no change in gold inventory at the GLD/Inventory rests at 811.22 tonnes
Feb 2/another huge deposit of 1.48 tonnes/inventory rests at 811.22 tonnes
Feb 1/a huge “deposit” of 10.67 tonnes of gold into the GLD/Inventory rests at 809.74 tonnes. this should stop GLD from sending gold to Shanghai.
JAN 31/no change in gold inventory at the GLD/Inventory rests at 799.07 tonnes
jan 30/no change in gold inventory at the GLD/Inventory rests at 799.07 tonnes
Jan 27/no changes at the GLD/Inventory rests at 799.07 tonnes
Jan 26/no changes at the GLD/Inventory rests at 799.07 tonnes/
jan 25/another exactly the same withdrawal as yesterday: 5.04 tonnes and again this was used in the whacking of gold today/inventory rests at 799.07 tonnes
jan 24/a huge withdrawal of 5.04 tonnes and probably this was used today in the whacking of gold/inventory rests at 804.11 tonnes
Jan 23/a big change/this time a deposit of 1.19 tonnes of gold into the GLD/inventory rests at 809.15 tonnes. The drainage of gold from the GLD to Shanghai has now stopped!
Jan 20/no changes in gold inventory a the GLD/Inventory rests at 807.96 tonnes
Jan 19/no changes in gold inventory at the GLD/Inventory rests at 807.96 tonnes
Jan 18/no changes in gold inventory at the GLD/Inventory rests at 807.96 tonnes
Jan 17/17/a deposit of 2.96 tonnes of gold/inventory at the GLD rests at 807.96 tonnes. I guess there is no more gold inventory to sent to C+Shanghai
Jan 13/17/there were no changes in gold inventory at the GLD/Inventory rests at 805.00 tonnes
Jan 12/2017/no change in gold inventory at the GLD/Inventory rests at 805.00 tonnes
Jan 11/no change in gold inventory at the GLD/Inventory rests at 805.00 tonnes
JAN 10/no changes in gold inventory at the GLD/Inventory rests at 805.00 tonnes
JAN 9/A WITHDRAWAL OF 8.87 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 805.00 TONNES
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Feb 16/2017/ Inventory rests tonight at 840.87 tonnes
*IN LAST 90 TRADING DAYS: 106.27 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 37 TRADING DAYS: A NET 18.94 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1: 44.47 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
FEB 16/we had no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz/
Feb 15./no changes in silver inventory at the SLV/inventory rests at 334.713 million oz
FEB 14/no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz
FEB 13/no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz
Feb 10/no change in silver inventory at the SLV/Inventory rests at 334.713 million oz
Feb 9/no changes in silver Inventory rests at 334.713 million oz
feb 8/No changes in inventory at the SLV/Inventory rests at 334.713 million oz
Feb 7/no change in inventory at the SLV/Inventory rests at 334.713 million oz
Feb 6/a we had no changes at the SLV/Inventory rests at 334.713 million oz
FEB3/ a tiny withdrawal of 136,000 oz to pay for fees etc/inventory rests at 334.713 million oz
Feb 2/no changes in silver inventory at the SLV/Inventory rests at 334.849 million oz
Feb 1/a withdrawal of 948,000 oz from the SLV/Inventory rests at 334.849 million oz
Jan 31.no change in inventory at the SLV/Inventory rests at 335.797 million oz
jan 30/no change in inventory at the SLV/Inventory rests at 335.797 million oz
Jan 27/we had a deposit of 758,000 oz into the SLV/Inventory rests at 335.797 million oz
Jan 26./ a huge withdrawal of 2.369 million oz from the SLV/Inventory rests at 335.039 million oz
Jan 25./another changes at the SLV/Inventory rests at 337.408 million oz
jan 24/ a withdrawal of 948,000 oz at the SLV/Inventory rests at 337.408 million oz
Jan 23/no changes in silver inventory at the SLV/Inventory rests at 338.356 million oz
Jan 20/no changes in silver inventory at the SLV/Inventory rests at 338.356 million oz
jan 19/no changes in silver inventory at the SLV/Inventory rests at 338.356 million oz
Jan 18/no changes in silver inventory/inventory rests at 338.356 million oz/
Jan 17/no change in silver inventory at the SLV/Inventory rests at 338.356 million oz/
Jan 13/2017/on changes in the SLV inventory/rests tonight at 338.356 million oz/
Jan 12.2017/ no changes in the SLV Inventory/ rests at 338.356 million oz
Jan 11/ A HUGE WITHDRAWAL F 2.843 MILLION OZ/INVENTORY RESTS AT 338.356 MILLION OZ/
JAN 10/no changes in inventory at the SLV/Inventory rests at 341.199 million oz
JAN 9/no changes in inventory at the SLV/Inventory rests at 341.199 million oz/
.
Feb 16.2017: Inventory 334.713 million oz
end
NPV for Sprott and Central Fund of Canada
1. Central Fund of Canada: traded at Negative 7.9 percent to NAV usa funds and Negative 7.9% to NAV for Cdn funds!!!!
Percentage of fund in gold 60.1%
Percentage of fund in silver:39.7%
cash .+0.2%( feb 16/2017)
.
2. Sprott silver fund (PSLV): Premium rises to -.16%!!!! NAV (Feb 16/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES TO – 0.19% to NAV ( feb 16/2017)
Note: Sprott silver trust back into NEGATIVE territory at -0.16% /Sprott physical gold trust is back into NEGATIVE territory at -0.19%/Central fund of Canada’s is still in jail.
http://www.silverdoctors.com/silver/silver-news/pboc-attempts-to-stop-dollars-from-leaving-china/
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http://cdn.lamingtondrive.com/wp-content/uploads/2014/08/GemmaOBrien_GraveyardShift_LD-1299x787.jpg
MMGYS
Hope Your Having A Nice Weekend !
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PBOC Attempts to Stop Dollars From Leaving China! -Harvey Organ
Posted on February 17, 2017 by The Doc
THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS AGAIN AS POBC ATTEMPTS TO STOP USA DOLLARS FROM LEAVING CHINA’S SHORES.
GOLD ADVANCES BY $8.30/SILVER BY 11 CENTS AND SURPASSES BIG RESISTANCE AT 18 DOLLARS/OPEN INTEREST IN SILVER RISES TO 199,000 PLUS CONTRACTS/SOUTH KOREA’S COURT ISSUES AN ARREST WARRANT FOR CEO LEE/CITIZENS IN GREECE REMOVING HUGE AMOUNTS OF EUROS AS THEY ARE FRIGHTENED OF THE STALEMATE WITH RESPECT TO THE NEGOTIATIONS WITH EU AND IMF/MADDOG MATTIS ISSUES ULTIMATUM TO NATO: EITHER SPEND FOR THE DEFENSE OF NATO OR USA WILL PULL FUNDING
Gold at (1:30 am est) $1240.00 UP $8.30
silver was : $18.06: UP 11 CENTS
Access market prices:
Gold: $1239.40
Silver: $18.10
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON
.
The Shanghai fix is at 10:15 pm est last night and 2:15 am est early this morning
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:
THURSDAY gold fix Shanghai
Shanghai FIRST morning fix Feb 16/17 (10:15 pm est last night): $ 1243.46
NY ACCESS PRICE: $1235.60 (AT THE EXACT SAME TIME)/premium $8.06
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Shanghai SECOND afternoon fix: 2: 15 am est (second fix/early morning):$ 1244.06
NY ACCESS PRICE: $1233.80 (AT THE EXACT SAME TIME/2:15 am)
SPREAD/ 2ND FIX TODAY!!: 10.26
China rejects NY pricing of gold as a fraud/arbitrage will now commence fully
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London FIRST Fix: Feb 16/2017: 5:30 am est: $1236.75.75 (NY: same time: $1237.21 (5:30AM)
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London Second fix Feb 16.2017: 10 am est: $1240.55(NY same time: $1240.50 (10 am)
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.
end
For comex gold:
FEBRUARY/
NOTICES FILINGS FOR FEBRUARY CONTRACT MONTH: 1 NOTICE(S) FOR 100 OZ. TOTAL NOTICES SO FAR: 5125 FOR 512,500 OZ (15.941 TONNES)
For silver:
For silver: FEBRUARY
24 NOTICES FILED FOR 120,000 OZ/
TOTAL NO OF NOTICES FILED: 406 FOR 2,030,000 OZ
Let us have a look at the data for today
.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest ROSE by 3,865 contracts UP to 199,203 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .996 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT FEBRUARY MONTH: THEY FILED: 24 NOTICE(S) FOR 120,000 OZ
In gold, the total comex gold ROSE BY 5,018 contracts WITH THE RISE IN THE PRICE GOLD ($7.80 with YESTERDAY’S trading ).The total gold OI stands at 420,146 contracts
we had 1 notice(s) filed upon for 100 oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to the GLD and the SLV:
GLD:
We had no change in tonnes of gold at the GLD:
Inventory rests tonight: 843.54 tonnes
.
SLV
we had no changes in silver into the SLV
THE SLV Inventory rests at: 334.713 million oz
end
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE by 3,865 contracts UP to 199,203 AS SILVER WAS UP 8 CENTS with YESTERDAY’S trading. The gold open interest ROSE by 5,018 contracts UP to 420,146 WITH THE RISE IN THE PRICE OF GOLD OF $7.80 (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
3. ASIAN AFFAIRS
i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed UP 16.63 POINTS OR .52%/ /Hang Sang CLOSED UP 112.83 POINTS OR 0.47% . The Nikkei closed DOWN 90.45 POINTS OR 0.47% /Australia’s all ordinaires CLOSED UP 0.07%/Chinese yuan (ONSHORE) closed UP at 6.85873/Oil ROSE to 53.39 dollars per barrel for WTI and 56.04 for Brent. Stocks in Europe ALL IN THE RED. Offshore yuan trades 6.8451 yuan to the dollar vs 6.85873 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS AGAIN AS POBC ATTEMPTS TO STOP USA DOLLARS FROM LEAVING CHINA’S SHORES. ONSHORE YUAN STRONGER AS IS OFFSHORE YUAN COUPLED WITH THE WEAKER DOLLAR
REPORT ON JAPAN SOUTH KOREA NORTH KOREA AND CHINA
3a)THAILAND/SOUTH KOREA/NORTH KOREA
South Korea Court has issued an arrest warrant for Samsung’s Lee
(courtesy Bloomberg)
END
b) REPORT ON JAPAN
The banks in Japan are having real trouble with profitability due to negative interest rates. On top of that, they are having a tough time with the B. of J’s communication re their yield curve policy where they are capping the long term rate at 0%.
It seems that the banks in Japan are undergoing Mutiny on the Bounty as they do not trust them one bit. With a debt to GDP of 250% who could blame them
( zero hedge)
c) REPORT ON CHINA
This is not good: rumours are circulating that USA ships will not be allowed to pass through the China South seas.
( zero hedge)
4. EUROPEAN AFFAIRS
i)EU
A terrific commentary from Mish Shedlock today. He comments on the Chatham House poll which suggests that only 20% of Europe approves of the immigration policy of of the EU. The number one problem in France is the violence/chaos/ created by Muslims. Shedlock suggests that the polls in the upcoming election may have it wrong and that the real support for Le Pen may be much stronger
(courtesy Mish Shedlock/Mishtalk)
ii)Germany
Meet the probable new German Chancellor when the elections will be held in Sept/2017
( Bornsdorf/Saxo Bank)
iii)Greece
This should be alarming to the EU.
1.In the last 45 days:2.5 billion euros left the bank
2. from the beginning of the crisis in 2011, 120 billion euros have left the bank system
3. from a report in Nov 2015: in the preceding one yr: 45 billion euros have left the banking system of which 36 billion euros never returned.
Ladies and gentlemen; we have another bank run. I guess more controls are coming!
( zerohedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
Tillerson meets Lavrov. You can bet that Crimea will be discussed and Russia will no doubt state that this is a non starter:
( zero hedge)
6.GLOBAL ISSUES
none today
7. OIL ISSUES
none today
8. EMERGING MARKETS
none today
9. PHYSICAL MARKETS
i)Craig Hemke reports that the increase in inflation in the uSA is not sudden at all as the dollar has been depreciating for quite some time
( Craig Hemke/TFMetals)
ii)Agnico Eagle will invest in infrastructure to the too of 1.2 billion dollars in the Canadian Artic:
(COURTESY DANIELLE BOCHOVE/BLOOMBERG)
iii)Seeking alpha is got it right concerning Agnico Eagle. The stock stumbled today despite increasing reserves as well as indicating that they will hit 2.0 million oz of production by 2020
( seeking alpha)
iv)We have been pointing this out to you already this year: Chinese holdings of USA treasuries dropping like a stone
( Bloomberg News/GATA)
v)Trading in the physical markets today: copper and oil booth down due to the world finally perceiving that there is no growth:
(zero hedge)
vi)John Brimelow reports that premiums of 10 dollars per oz is quite prevalent in the Indian gold market indicating robust demand.
Over at the SGE a whopping 162 tonnes of gold was received on Monday. This is just one day’s report and it is the highest on record. Kranzler comments on the last two trading days with respect to gold as the bullion banks supplied huge quantities of paper gold trying to tame the gold price
( Dave Kranzler/IRD)
10.USA STORIES
i)Initial jobless claims raise but still the lowest levels in many years.
( zerohedge)
ii)Housing starts disappoints and this is coupled with a huge rise in building permits (driven by rentals).
( zero hedge)
iii)Another soft data report: The Philly Fed explodes to a 33 yr high and this is a 10 standard deviation beat:
( zero hedge)
iv)The CEO of insurance giant Aetna claims that Obamacare is in a death spiral because of huge premiums and risk polls are deteriorating. This is causing insurance companies pulling out of exchanges:
( zero hedge)
v)Maddog Mattis issues his ultimatum to NATO: Boost military spending (with contributions coming from NATO countries) or else the USA will cut its support
(courtesy zero hedge)
vi)Maddog rejects any military cooperation with Russia especially in Syria
( zero hedge)
vii)UNBELIEVABLE!! Wall Street Journal reports that uSA intelligent officials have withheld information from President Trump due to concerns that it could be leaked or compromised.
what on earth is going on in the USA?
( zerohedge)
viii)Trump and Chaffetz are attacking the leakers. Chaffetz has now requesting a Dept. of Justice probe into the source of the leaks.
( zero hedge)
ix)Your new Labour secretary and the fellow should be an easy confirmation. However the Donald is still angry on the leaks
( zerohedge)
Let us head over to the comex:
The total gold comex open interest ROSE BY 5,018 CONTRACTS UP to an OI level of 420,146 WITH THE RISE IN THE PRICE OF GOLD ( $7.80 with YESTERDAY’S trading). We are now in the contract month of FEBRUARY and it is one of the better delivery months of the year. In this next big active delivery month of February we had a LOSS of 110 contracts DOWN to 930. We had 1 notice(s) served upon yesterday and therefore we LOST 109 contracts or an additional 10,900 oz will not stand for delivery and NO DOUBT THEY WERE CASH SETTLED. The next non active contract month of March saw it’s OI RISE by 0 contracts REMAINING AT 2022.The next big active month is April and here the OI ROSE by 3038 contracts UP to 275,116.
We had 1 notice(s) filed upon today for 100 oz
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And now for the wild silver comex results. Total silver OI ROSE by 3,865 contracts FROM 195,338 UP TO 199,203 AS THE PRICE OF SILVER ROSE TO THE TUNE OF 8 CENTS with respect to YESTERDAY’S trading. We are moving CLOSER TO the all time record high for silver open interest set on Wednesday August 3/2016: (224,540).
The active month of February saw the OI FALL by 2 contract(s) DOWN TO 148. We had 26 notice(s) served YESTERDAY so we GAINED 24 CONTRACTS or an additional 120,000 oz will stand for delivery.
The next big active delivery month is March and here the OI decrease by 10,389 contracts down to 80,326 contracts. For comparison purposes last year on the same date only 78,261 contracts were standing.
We had 24 notice(s) filed for 120,000 oz for the FEBRUARY contract.
VOLUMES: for the gold comex
Today the estimated volume was 190,451 contracts which is good.
Yesterday’s confirmed volume was 234,771 contracts which is very good
volumes on gold are getting higher!
INITIAL standings for FEBRUARY
Feb 16/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
96.453 OZ
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
3215.000 oz
JPMorgan
No of oz served (contracts) today
1 notice(s)
100 oz
No of oz to be served (notices)
929 contracts
92,900 oz
Total monthly oz gold served (contracts) so far this month
5125 notices
512,500 oz
15.941 tonnes
Total accumulative withdrawals of gold from the Dealers inventory this month NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month 207,001.3 oz
Today we HAD 1 kilobar transaction(s)/
Today we had 0 deposit(s) into the dealer:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 1 customer deposit(s):
i) Into JPMorgan 32,150.0000 oz (1000 kilobars)
dubious!!
total customer deposits; 32,150.000 oz
We had 1 customer withdrawal(s)
i) Out of Brinks: 96.453 oz
total customer withdrawal: 96.453 oz
We had 0 adjustment(s)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
For FEBRUARY:
Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 1 contract(s) of which 0 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
To calculate the initial total number of gold ounces standing for the FEBRUARY. contract month, we take the total number of notices filed so far for the month (5125) x 100 oz or 512,500 oz, to which we add the difference between the open interest for the front month of FEBRUARY (930 contracts) minus the number of notices served upon today (1) x 100 oz per contract equals 605,400 oz, the number of ounces standing in this active month of FEBRUARY.
Thus the INITIAL standings for gold for the FEBRUARY contract month:
No of notices served so far (5125) x 100 oz or ounces + {(930)OI for the front month minus the number of notices served upon today (1) x 100 oz which equals 605400 oz standing in this non active delivery month of FEBRUARY (18.830 tonnes)
we lost 109 contracts or an additional 10,900 oz will stand in this active delivery month and these were cash settled which is against comex contract law.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On first day notice for FEB 2016, we had 20.124 tonnes of gold standing. At the conclusion of the month we had only 7.9876 tonnes standing. The data suggests that we had almost identical amounts standing in Feb ’16 and Feb 2017; however today’s totals already surpassed the final amt which eventually stood in 2016.(already 15.941 tonnes vs 7.9876 at the end of Feb).
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
I have now gone over all of the final deliveries for this year and it is startling.
First of all: in 2015 for the 13 months: 51 tonnes delivered upon for an average of 4.25 tonnes per month.
Here are the final deliveries for all of 2016 and the first month of January 2017
Jan 2016: .5349 tonnes (Jan is a non delivery month)
Feb 2016: 7.9876 tonnes (Feb is a delivery month/deliveries this month very low)
March 2016: 2.311 tonnes (March is a non delivery month)
April: 12.3917 tonnes (April is a delivery month/levels on the low side
And then something happens and from May forward deliveries boom!
May; 6.889 tonnes (May is a non delivery month)
June; 48.552 tonnes ( June is a very big delivery month and in the end deliveries were huge)
July: 21.452 tonnes (July is a non delivery month and generally a poor one/not this time!)
August: 44.358 tonnes (August is a good delivery month and it came to fruition)
Sept: 8.4167 tonnes (Sept is a non delivery month)
Oct; 30.407 tonnes complete.
Nov. 8.3950 tonnes.
DEC. 29.931 tonnes
JAN/ 3.9004 tonnes
FEB/ 18.830 tonnes
total for the 14 months; 244.84 tonnes
average 17.488 tonnes per month vs last yr 59.51 tonnes total for 14 months or 4.250 tonnes average per month (last yr).
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Total dealer inventory 1,416,640.129 or 44.06 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,946,247.917 or 278.26 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.26 tonnes for a loss of 25 tonnes over that period. Since August 8/2016 we have lost 76 tonnes leaving the comex. However I am including kilobar transactions and they are very suspect at best
I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process and are being used in the raiding of gold!
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 of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction. This would be similar to the rehypothecated gold used by Jon Corzine at MF Global.
IN THE LAST 6 MONTHS 76 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE JANUARY DELIVERY MONTH
FEBRUARY INITIAL standings
feb 16. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
241,602.134 0z
Delaware
HSBC
Scotia
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
1046.024 oz
Delaware
No of oz served today (contracts)
24 CONTRACT(S)
(120,000 OZ)
No of oz to be served (notices)
124 contracts
(620,000 oz)
Total monthly oz silver served (contracts) 410 contracts (2,050,000 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 5,911,824.7 oz
today, we had 0 deposit(s) into the dealer account:
total dealer deposit: nil oz
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 3 customer withdrawal(s):
i) Out of Delaware: 1046.024 oz
ii) Out of HSBC: 165,091.93 oz
iii) Out of Scotia: 75,464.180 oz
TOTAL CUSTOMER WITHDRAWALS: 241,602.134 oz
we had 1 customer deposit(s):
i)Into Delaware: 1046.024 oz
***deposits into JPMorgan have now stopped.
total customer deposits; 241,602.134 oz
we had 1 adjustment(s)
i) Out of CNT: 499,191.140 oz leaves the dealer and enters the customer account of CNT
ii) out of Delaware: 309,695.340 oz leaves the customer and enters the dealer account of Delaware.
The total number of notices filed today for the FEBRUARY. contract month is represented by 24 contract(s) for 120,000 oz. To calculate the number of silver ounces that will stand for delivery in FEBRUARY., we take the total number of notices filed for the month so far at 410 x 5,000 oz = 2,050,000 oz to which we add the difference between the open interest for the front month of feb (148) and the number of notices served upon today (24) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the FEBRUARY contract month: 410(notices served so far)x 5000 oz + OI for front month of FEB.( 148 ) -number of notices served upon today (24)x 5000 oz equals 2,670,000 oz of silver standing for the Feb contract month. This is huge for a non active delivery month in silver.
We GAINED 24 contracts or an additional 120,000 oz will stand for delivery.
At first day notice for the FEB/2016 silver contract month we initially had 515,000 oz standing for delivery. By the conclusion of the delivery month we had 835,000 oz stand as some of the bankers required immediate silver inventory.
END
Volumes: for silver comex
Today the estimated volume was 84,069 which is huge!!!
FRIDAY’S confirmed volume was 100,877 contracts which is huge.
To give you an idea of volume yesterday’s confirmed volume:: 98,547 contracts equates to 504 million oz or 72% of ANNUAL GLOBAL PRODUCTION EX CHINA EX RUSSIA
Total dealer silver: 30.081 million (close to record low inventory
Total number of dealer and customer silver: 183.364 million oz
The total open interest on silver is NOW moving away from its all time high with the record of 224,540 being set AUGUST 3.2016.
end
And now the Gold inventory at the GLD
FEB 16/we had no changes in the GLD inventory today/Inventory rests at 843.54 tonnes
Feb 15./another deposit of 2.67 tonnes of gold into the GLD inventory despite another attempted whacking of gold/inventory rests at 843.54 tonnes
FEB 14/another deposit of 4.14 tonnes of gold into the GLD inventory/rests at 840.87 tonnes
FEB 13/another deposit of 4.15 tonnes of gold into the GLD/Inventory rests at 836.73 tonnes
Feb 10/no changes at the GLD/Inventory rests at 832.58 tonnes
feb 9/no changes at the GLD/Inventory rests at 832.58 tonnes
Feb 8/another “deposit” of 5.63 tonnes of gold into the GLD/The addition is a paper addition/total inventory: 832.58 tonnes
Feb 7/another huge fake deposit of 8.30 tonnes of gold into the GLD/the addition is a paper addition and no doubt not physical/ total inventory: 826.95 tonnes
FEB 6/a huge deposit of 7.43 tonnes of gold into the GLD/Inventory rests at 818.65 tonnes
FEB 3/no change in gold inventory at the GLD/Inventory rests at 811.22 tonnes
Feb 2/another huge deposit of 1.48 tonnes/inventory rests at 811.22 tonnes
Feb 1/a huge “deposit” of 10.67 tonnes of gold into the GLD/Inventory rests at 809.74 tonnes. this should stop GLD from sending gold to Shanghai.
JAN 31/no change in gold inventory at the GLD/Inventory rests at 799.07 tonnes
jan 30/no change in gold inventory at the GLD/Inventory rests at 799.07 tonnes
Jan 27/no changes at the GLD/Inventory rests at 799.07 tonnes
Jan 26/no changes at the GLD/Inventory rests at 799.07 tonnes/
jan 25/another exactly the same withdrawal as yesterday: 5.04 tonnes and again this was used in the whacking of gold today/inventory rests at 799.07 tonnes
jan 24/a huge withdrawal of 5.04 tonnes and probably this was used today in the whacking of gold/inventory rests at 804.11 tonnes
Jan 23/a big change/this time a deposit of 1.19 tonnes of gold into the GLD/inventory rests at 809.15 tonnes. The drainage of gold from the GLD to Shanghai has now stopped!
Jan 20/no changes in gold inventory a the GLD/Inventory rests at 807.96 tonnes
Jan 19/no changes in gold inventory at the GLD/Inventory rests at 807.96 tonnes
Jan 18/no changes in gold inventory at the GLD/Inventory rests at 807.96 tonnes
Jan 17/17/a deposit of 2.96 tonnes of gold/inventory at the GLD rests at 807.96 tonnes. I guess there is no more gold inventory to sent to C+Shanghai
Jan 13/17/there were no changes in gold inventory at the GLD/Inventory rests at 805.00 tonnes
Jan 12/2017/no change in gold inventory at the GLD/Inventory rests at 805.00 tonnes
Jan 11/no change in gold inventory at the GLD/Inventory rests at 805.00 tonnes
JAN 10/no changes in gold inventory at the GLD/Inventory rests at 805.00 tonnes
JAN 9/A WITHDRAWAL OF 8.87 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 805.00 TONNES
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Feb 16/2017/ Inventory rests tonight at 840.87 tonnes
*IN LAST 90 TRADING DAYS: 106.27 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 37 TRADING DAYS: A NET 18.94 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1: 44.47 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
FEB 16/we had no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz/
Feb 15./no changes in silver inventory at the SLV/inventory rests at 334.713 million oz
FEB 14/no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz
FEB 13/no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz
Feb 10/no change in silver inventory at the SLV/Inventory rests at 334.713 million oz
Feb 9/no changes in silver Inventory rests at 334.713 million oz
feb 8/No changes in inventory at the SLV/Inventory rests at 334.713 million oz
Feb 7/no change in inventory at the SLV/Inventory rests at 334.713 million oz
Feb 6/a we had no changes at the SLV/Inventory rests at 334.713 million oz
FEB3/ a tiny withdrawal of 136,000 oz to pay for fees etc/inventory rests at 334.713 million oz
Feb 2/no changes in silver inventory at the SLV/Inventory rests at 334.849 million oz
Feb 1/a withdrawal of 948,000 oz from the SLV/Inventory rests at 334.849 million oz
Jan 31.no change in inventory at the SLV/Inventory rests at 335.797 million oz
jan 30/no change in inventory at the SLV/Inventory rests at 335.797 million oz
Jan 27/we had a deposit of 758,000 oz into the SLV/Inventory rests at 335.797 million oz
Jan 26./ a huge withdrawal of 2.369 million oz from the SLV/Inventory rests at 335.039 million oz
Jan 25./another changes at the SLV/Inventory rests at 337.408 million oz
jan 24/ a withdrawal of 948,000 oz at the SLV/Inventory rests at 337.408 million oz
Jan 23/no changes in silver inventory at the SLV/Inventory rests at 338.356 million oz
Jan 20/no changes in silver inventory at the SLV/Inventory rests at 338.356 million oz
jan 19/no changes in silver inventory at the SLV/Inventory rests at 338.356 million oz
Jan 18/no changes in silver inventory/inventory rests at 338.356 million oz/
Jan 17/no change in silver inventory at the SLV/Inventory rests at 338.356 million oz/
Jan 13/2017/on changes in the SLV inventory/rests tonight at 338.356 million oz/
Jan 12.2017/ no changes in the SLV Inventory/ rests at 338.356 million oz
Jan 11/ A HUGE WITHDRAWAL F 2.843 MILLION OZ/INVENTORY RESTS AT 338.356 MILLION OZ/
JAN 10/no changes in inventory at the SLV/Inventory rests at 341.199 million oz
JAN 9/no changes in inventory at the SLV/Inventory rests at 341.199 million oz/
.
Feb 16.2017: Inventory 334.713 million oz
end
NPV for Sprott and Central Fund of Canada
1. Central Fund of Canada: traded at Negative 7.9 percent to NAV usa funds and Negative 7.9% to NAV for Cdn funds!!!!
Percentage of fund in gold 60.1%
Percentage of fund in silver:39.7%
cash .+0.2%( feb 16/2017)
.
2. Sprott silver fund (PSLV): Premium rises to -.16%!!!! NAV (Feb 16/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES TO – 0.19% to NAV ( feb 16/2017)
Note: Sprott silver trust back into NEGATIVE territory at -0.16% /Sprott physical gold trust is back into NEGATIVE territory at -0.19%/Central fund of Canada’s is still in jail.
http://www.silverdoctors.com/silver/silver-news/pboc-attempts-to-stop-dollars-from-leaving-china/
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