AI
Sunday, February 19, 2017 12:16:13 AM
Just Stuff
MMgys
Good Morning !
~Welcome To
~*~Mining & Metals Du Jour~*~ Graveyard Shift~
Here's Saturdays Data
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Harvey Organ COT Report: Someone Is Taking On the Crooked Banks!
Posted on February 18, 2017 by The Doc
The commercials go net short by a rather large 6313 contracts with an advancing silver price.
Note the huge difference between silver and gold.
Somebody is taking on the crooked banks in silver and in gold!
GLD LOSES 2.37 TONNES OF GOLD INVENTORY/SLV INVENTORY REMAINS CONSTANT AGAIN/GOLD LOWERS BY $2.40 AND SILVER BY 4 CENTS/BUBBLE BURSTS IN USA AUTO LOANS/ROBERT HARWARD REJECTS TRUMP’S OFFER FOR NATIONAL SECURITY ADVISOR/CHAFFETZ SEEKS CHARGES AGAINST FORMER CLINTON AID
Gold at (1:30 am est) $1237.60 down $2.40
silver was : $18.02: down 4 CENTS
Access market prices:
Gold: $1235.50
Silver: $18.01
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:
FRIDAY gold fix Shanghai
Shanghai FIRST morning fix Feb 17/17 (10:15 pm est last night): $ 1248.41
NY ACCESS PRICE: $1238.25 (AT THE EXACT SAME TIME)/premium $10.16
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Shanghai SECOND afternoon fix: 2: 15 am est (second fix/early morning):$ 1248.41
NY ACCESS PRICE: $1238.20 (AT THE EXACT SAME TIME/2:15 am)
SPREAD/ 2ND FIX TODAY!!: 10.28
China rejects NY pricing of gold as a fraud/arbitrage will now commence fully
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London FIRST Fix: Feb 17/2017: 5:30 am est: $1241.40 (NY: same time: $1241.20 (5:30AM)
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London Second fix Feb 17.2017: 10 am est: $1241.95(NY same time: $1241.90 (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: 20 NOTICE(S) FOR 2000 OZ. TOTAL NOTICES SO FAR: 5145 FOR 514,500 OZ (16.003 TONNES)
For silver:
For silver: FEBRUARY
0 NOTICES FILED FOR nil 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 5,314 contracts UP to 204,517 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 1.028 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT FEBRUARY MONTH: THEY FILED: 0 NOTICE(S) FOR nil OZ
In gold, the total comex gold ROSE BY A WHOPPING 9,001 contracts WITH THE RISE IN THE PRICE GOLD ($8.30 with YESTERDAY’S trading ).The total gold OI stands at 429,147 contracts
we had 20 notice(s) filed upon for 2000 oz of gold.
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With respect to our two criminal funds, the GLD and the SLV:
GLD:
We had another change in tonnes of gold at the GLD: this time a withdrawal of 2.37 tonnes of gold.
Inventory rests tonight: 841.17 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 5314 contracts UP to 204,517 AS SILVER WAS UP 11 CENTS with YESTERDAY’S trading. The gold open interest ROSE by 11,944 contracts UP to 429,147 WITH THE RISE IN THE PRICE OF GOLD OF $8.30 (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
2c) COT report
(Harvey)
3. ASIAN AFFAIRS
i)Late THURSDAY night/FRIDAY morning: Shanghai closed DOWN 27.54 POINTS OR .85%/ /Hang Sang CLOSED DOWN 73.96 POINTS OR 0.58% . The Nikkei closed DOWN 112.91 POINTS OR 0.58% /Australia’s all ordinaires CLOSED DOWN 0.21%/Chinese yuan (ONSHORE) closed DOWN at 6.8678/Oil FELL to 53.13 dollars per barrel for WTI and 55.28 for Brent. Stocks in Europe ALL IN THE RED EXCEPT LONDON. Offshore yuan trades 6.8478 yuan to the dollar vs 6.8678 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS WIDENS A BIT AS POBC ATTEMPTS TO STOP USA DOLLARS FROM LEAVING CHINA’S SHORES. ONSHORE YUAN WEAKER AS IS OFFSHORE YUAN COUPLED WITH THE STRONGER DOLLAR
REPORT ON JAPAN SOUTH KOREA NORTH KOREA AND CHINA
3a)THAILAND/SOUTH KOREA/NORTH KOREA
South Korea’s largest company Samsung has its Chief Executive Officer arrested for bribery perjury and embezzlement
( zero hedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
This should be interesting: the two left wing candidates are to meet and decide on one candidate in the upcoming April elections. The combined vote may be enough for them to come in second place and thus remove the centrist candidates
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
6.GLOBAL ISSUES
none today
7. OIL ISSUES
i)A great in depth analysis of the global oil market and why Berman believes that WTI is likely to be below 50 dollars than at 70 dollars
( Art Berman/Oil Price.com)
ii)Oil rigs continue to be utilized in the Permian basin which is causing a record amount of WTI oil glut
( zero hedge)
8. EMERGING MARKETS
none today
9. PHYSICAL MARKETS
i)Bloomberg also catches the above story
( Bloomberg/GATA)
ii)John Ing states that due to the world financial and political situation gold is the only vehicle that makes sense
( Ing/Kingworldnews)
iii)Lawrie Williams/ of Sharp’s Pixley gives his take on gold and silver. Both are rising despite some negative news:
( Lawrie Williams/Sharp’s Pixley
10.USA STORIES
i)All is not well in the auto loan department. The bubble seems to have burst in this 1.1 trillion USA market as subprime delinquencies (greater than 60 days) skyrocket. There are over 1 million auto loans borrowers that are behind greater than 60 days.
( zero hedge)
ii)This is a little troubling: Robert Harward has rejected Trump’s offer to becomes the next National Security Advisor. I guess it is David Patraeus or Keith Kellogg and nobody else can fill the roll:
( zero hedge)
iii)Trump tweets that General Keith Kellogg is in play for the NSA job
( zero hedge)
iv)This is interesting: farm incomes and equipment purchases are tanking while John Deere’s stock soars due to hedge fund purchases
( zerohedge)
v)Bellwether stock (global sales) records it’s 50th consecutive month of declining global sales
( zero hedge)
vi)Two important commentaries discuss how Michael Flynn was removed by the “Deep State” or intelligence community.
a must read..
(courtesy Michael Snyder/Pepe Escobar)
vii)Pam and Russ Martens discuss how Mary Jo White totally misled the USA senate when she became SEC chair:
(courtesy Pam Martens.Russ Martens/Wall Street on Parade)
viii)It starts; Chaffetz seeks charges against Hillary aid, Pagliano who decided not to show up to Congress once he was subpoenaed. He claims the 5th amendment but the FBI already had granted immunity to him so there was no reason for him not to testify.
( zerohedge)
ix)Pay attention to David Stockman as he outlines correctly what will happen in the next few months with respect to the USA economy:
( DailyReckoning/David Stockman)
x)The lawsuit has been going on for at least 5 years. The unsealing of the documents came last night as finally the government sues the largest USA Health Insurer on fraudulent overbilling
( zero hedge)
xi)The Senate confirmed Pruitt. He has been an very outspoken critic on global warming etc.
( zero hedge)
xii) This week’s wrap courtesy of Greg Hunter.
(Greg Hunter/USAWatchdog)
Let us head over to the comex:
The total gold comex open interest ROSE BY 9,001 CONTRACTS UP to an OI level of 429,147 WITH THE RISE IN THE PRICE OF GOLD ( $8.30 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 27 contracts DOWN to 903. We had 1 notice(s) served upon yesterday and therefore we LOST 26 contracts or an additional 2600 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 FALL by 62 contracts DOWN TO 1960.The next big active month is April and here the OI ROSE by 6656 contracts UP to 281,772.
We had 20 notice(s) filed upon today for 2000 oz
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And now for the wild silver comex results. Total silver OI ROSE by 5,314 contracts FROM 199,203 UP TO 204,517 AS THE PRICE OF SILVER ROSE TO THE TUNE OF 11 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 8 contract(s) DOWN TO 140. We had 24 notice(s) served YESTERDAY so we GAINED 16 CONTRACTS or an additional 80,000 oz will stand for delivery.
The next big active delivery month is March and here the OI decrease by 4,939 contracts down to 75,387 contracts. For comparison purposes last year on the same date only 74,409 contracts were standing.
We had 0 notice(s) filed for 120,000 oz for the FEBRUARY contract.
VOLUMES: for the gold comex
Today the estimated volume was 159,278 contracts which is poor to fair.
Yesterday’s confirmed volume was 210,537 contracts which is good
volumes on gold are getting higher!
INITIAL standings for FEBRUARY
Feb 17/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
nil OZ
Deposits to the Dealer Inventory in oz 1999.900 ozBrinks
Deposits to the Customer Inventory, in oz
nil oz
No of oz served (contracts) today
20 notice(s)
2000 oz
No of oz to be served (notices)
883 contracts
88,300 oz
Total monthly oz gold served (contracts) so far this month
5145 notices
514,500 oz
16.003 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 0 kilobar transaction(s)/
Today we had 1 deposit(s) into the dealer:
i) Into Brinks: 1999.90 oz
total dealer deposits: 1999.90 oz
We had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 0 customer deposit(s):
total customer deposits; nil oz
We had 0 customer withdrawal(s)
total customer withdrawal: nil 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 20 contract(s) of which 8 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 (5145) x 100 oz or 514,500 oz, to which we add the difference between the open interest for the front month of FEBRUARY (903 contracts) minus the number of notices served upon today (20) x 100 oz per contract equals 602,800 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 (5145) x 100 oz or ounces + {(903)OI for the front month minus the number of notices served upon today (20) x 100 oz which equals 605400 oz standing in this non active delivery month of FEBRUARY (18.830 tonnes)
we lost 26 contracts or an additional 2600 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 16.003 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/ 18.749 tonnes
total for the 14 months; 244.753 tonnes
average 17.482 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 1,418,640.029 or 44.125 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,948,247.817 or 278.328 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.328 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 17. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
2837.100 0z
Brinks
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
873,830.260 oz
Brinks
CNT
No of oz served today (contracts)
0 CONTRACT(S)
(nil OZ)
No of oz to be served (notices)
140 contracts
(700,000 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 5,914,661.8 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 1 customer withdrawal(s):
i) Out of Brinks: 2837.100 oz
TOTAL CUSTOMER WITHDRAWALS: 2837.100 oz
we had 2 customer deposit(s):
i)IntoBrinks: 273,532.850 oz
ii) Into CNT: 600,297.410 oz
***deposits into JPMorgan have now stopped.
total customer deposits; 873,830.260 oz
we had 0 adjustment(s)
The total number of notices filed today for the FEBRUARY. contract month is represented by 0 contract(s) for nil 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 (140) and the number of notices served upon today (0) 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.( 140 ) -number of notices served upon today (0)x 5000 oz equals 2,750,000 oz of silver standing for the Feb contract month. This is huge for a non active delivery month in silver.
We GAINED 16 contracts or an additional 80,000 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 65,767 which is excellent!!!
FRIDAY’S confirmed volume was 95,791 contracts which is huge.
To give you an idea of volume yesterday’s confirmed volume:: 98,547 contracts equates to 479 million oz or 68% 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: 184.231 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 17/a withdrawal of 2.37 tonnes of gold from the GLD/Inventory rests at 841.17 tonnes
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 841.17 tonnes
*IN LAST 92 TRADING DAYS: 108.64 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 39 TRADING DAYS: A NET 16.57 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: 42.10 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
feb 17/2017/again no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz/
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 17.2017: Inventory 334.713 million oz
end
At 3;30 pm we receive the COT report. Let us see how the commercials fared this week: Steve Mnuchin already had 1 day on the job as Sec Treasure when this report was based on.
Gold COT Report – Futures
Large Speculators Commercial Total
Long Short Spreading Long Short Long Short
212,259 102,507 57,432 105,674 233,462 375,365 393,401
Change from Prior Reporting Period
-4,149 3,248 5,685 -350 -6,708 1,186 2,225
Traders
169 106 78 46 50 250 200
Small Speculators
Long Short Open Interest
39,763 21,727 415,128
-1,601 -2,640 -415
non reportable positions Change from the previous reporting period
COT Gold Report – Positions as of Tuesday, February 14, 2017
Our Large Specs:
Those large specs that have been long in gold pitched 4149 contracts just as gold was about to rise??
those specs that have been short in gold added 3248 contracts to their short side??
Our commercials:
those commercials that have been long in gold pitched 350 contracts from their long side.
those commercials that have been short in gold covered in a hurry : 6708 contracts.
Our small specs:
those small specs that have been long in gold pitched 1601 contracts from their long side.
those small specs that have been short in gold covered 2640 contracts.
Conclusions:
strange COT: the commercials go net long by 6356 which is bullish.
Silver COT Report: Futures
Large Speculators Commercial
Long Short Spreading Long Short
104,765 19,953 16,346 48,659 147,686
6,205 -330 -3,040 -1,413 4,902
Traders
100 37 49 34 35
Small Speculators Open Interest Total
Long Short 195,338 Long Short
25,568 11,353 169,770 183,985
-350 -130 1,402 1,752 1,532
non reportable positions Positions as of: 159 106
Tuesday, February 14, 2017 © SilverSeek.com
Wow!! what a strange COT especially silver
Our large specs:
those large specs that have been long in silver added a whopping 6205 contracts to their long side and that is what we should have expected with a rising silver price.
those large specs who have been short in silver covered a tiny 330 contracts and they are certainly brave little souls.
Our commercials:
those commercials that have been long in silver pitched 1413 contracts from their long side.
those commercials that have been short in silver added a whopping 4902 contracts to their short side.
Our small specs;
those small specs that have been long in silver added 5995 contracts to their long side.
those small specs that have been short in silver covered a tiny 696 contracts.
Conclusions:
the commercials go net short by a rather large 6313 contracts with an advancing silver price.
Note the huge difference between silver and gold. Somebody is taking on the crooked banks in silver and in gold. In silver they are supplying the paper. In gold they are covering.
http://www.silverdoctors.com/headlines/world-news/harvey-organ-cot-report-someone-is-taking-on-the-crooked-banks/#more-76520
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Thank You Harvey & Doc Good Stuff
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*GYS*SaturdayNight*
MMgys
.jpg)
MMgys
Bumper Courtesy starboy Thanks Man!
Good Morning !
~Welcome To
~*~Mining & Metals Du Jour~*~ Graveyard Shift~
Here's Saturdays Data
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Harvey Organ COT Report: Someone Is Taking On the Crooked Banks!
Posted on February 18, 2017 by The Doc
The commercials go net short by a rather large 6313 contracts with an advancing silver price.
Note the huge difference between silver and gold.
Somebody is taking on the crooked banks in silver and in gold!
GLD LOSES 2.37 TONNES OF GOLD INVENTORY/SLV INVENTORY REMAINS CONSTANT AGAIN/GOLD LOWERS BY $2.40 AND SILVER BY 4 CENTS/BUBBLE BURSTS IN USA AUTO LOANS/ROBERT HARWARD REJECTS TRUMP’S OFFER FOR NATIONAL SECURITY ADVISOR/CHAFFETZ SEEKS CHARGES AGAINST FORMER CLINTON AID
Gold at (1:30 am est) $1237.60 down $2.40
silver was : $18.02: down 4 CENTS
Access market prices:
Gold: $1235.50
Silver: $18.01
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:
FRIDAY gold fix Shanghai
Shanghai FIRST morning fix Feb 17/17 (10:15 pm est last night): $ 1248.41
NY ACCESS PRICE: $1238.25 (AT THE EXACT SAME TIME)/premium $10.16
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Shanghai SECOND afternoon fix: 2: 15 am est (second fix/early morning):$ 1248.41
NY ACCESS PRICE: $1238.20 (AT THE EXACT SAME TIME/2:15 am)
SPREAD/ 2ND FIX TODAY!!: 10.28
China rejects NY pricing of gold as a fraud/arbitrage will now commence fully
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London FIRST Fix: Feb 17/2017: 5:30 am est: $1241.40 (NY: same time: $1241.20 (5:30AM)
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
London Second fix Feb 17.2017: 10 am est: $1241.95(NY same time: $1241.90 (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: 20 NOTICE(S) FOR 2000 OZ. TOTAL NOTICES SO FAR: 5145 FOR 514,500 OZ (16.003 TONNES)
For silver:
For silver: FEBRUARY
0 NOTICES FILED FOR nil 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 5,314 contracts UP to 204,517 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 1.028 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT FEBRUARY MONTH: THEY FILED: 0 NOTICE(S) FOR nil OZ
In gold, the total comex gold ROSE BY A WHOPPING 9,001 contracts WITH THE RISE IN THE PRICE GOLD ($8.30 with YESTERDAY’S trading ).The total gold OI stands at 429,147 contracts
we had 20 notice(s) filed upon for 2000 oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD:
We had another change in tonnes of gold at the GLD: this time a withdrawal of 2.37 tonnes of gold.
Inventory rests tonight: 841.17 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 5314 contracts UP to 204,517 AS SILVER WAS UP 11 CENTS with YESTERDAY’S trading. The gold open interest ROSE by 11,944 contracts UP to 429,147 WITH THE RISE IN THE PRICE OF GOLD OF $8.30 (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
2c) COT report
(Harvey)
3. ASIAN AFFAIRS
i)Late THURSDAY night/FRIDAY morning: Shanghai closed DOWN 27.54 POINTS OR .85%/ /Hang Sang CLOSED DOWN 73.96 POINTS OR 0.58% . The Nikkei closed DOWN 112.91 POINTS OR 0.58% /Australia’s all ordinaires CLOSED DOWN 0.21%/Chinese yuan (ONSHORE) closed DOWN at 6.8678/Oil FELL to 53.13 dollars per barrel for WTI and 55.28 for Brent. Stocks in Europe ALL IN THE RED EXCEPT LONDON. Offshore yuan trades 6.8478 yuan to the dollar vs 6.8678 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS WIDENS A BIT AS POBC ATTEMPTS TO STOP USA DOLLARS FROM LEAVING CHINA’S SHORES. ONSHORE YUAN WEAKER AS IS OFFSHORE YUAN COUPLED WITH THE STRONGER DOLLAR
REPORT ON JAPAN SOUTH KOREA NORTH KOREA AND CHINA
3a)THAILAND/SOUTH KOREA/NORTH KOREA
South Korea’s largest company Samsung has its Chief Executive Officer arrested for bribery perjury and embezzlement
( zero hedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
This should be interesting: the two left wing candidates are to meet and decide on one candidate in the upcoming April elections. The combined vote may be enough for them to come in second place and thus remove the centrist candidates
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
6.GLOBAL ISSUES
none today
7. OIL ISSUES
i)A great in depth analysis of the global oil market and why Berman believes that WTI is likely to be below 50 dollars than at 70 dollars
( Art Berman/Oil Price.com)
ii)Oil rigs continue to be utilized in the Permian basin which is causing a record amount of WTI oil glut
( zero hedge)
8. EMERGING MARKETS
none today
9. PHYSICAL MARKETS
i)Bloomberg also catches the above story
( Bloomberg/GATA)
ii)John Ing states that due to the world financial and political situation gold is the only vehicle that makes sense
( Ing/Kingworldnews)
iii)Lawrie Williams/ of Sharp’s Pixley gives his take on gold and silver. Both are rising despite some negative news:
( Lawrie Williams/Sharp’s Pixley
10.USA STORIES
i)All is not well in the auto loan department. The bubble seems to have burst in this 1.1 trillion USA market as subprime delinquencies (greater than 60 days) skyrocket. There are over 1 million auto loans borrowers that are behind greater than 60 days.
( zero hedge)
ii)This is a little troubling: Robert Harward has rejected Trump’s offer to becomes the next National Security Advisor. I guess it is David Patraeus or Keith Kellogg and nobody else can fill the roll:
( zero hedge)
iii)Trump tweets that General Keith Kellogg is in play for the NSA job
( zero hedge)
iv)This is interesting: farm incomes and equipment purchases are tanking while John Deere’s stock soars due to hedge fund purchases
( zerohedge)
v)Bellwether stock (global sales) records it’s 50th consecutive month of declining global sales
( zero hedge)
vi)Two important commentaries discuss how Michael Flynn was removed by the “Deep State” or intelligence community.
a must read..
(courtesy Michael Snyder/Pepe Escobar)
vii)Pam and Russ Martens discuss how Mary Jo White totally misled the USA senate when she became SEC chair:
(courtesy Pam Martens.Russ Martens/Wall Street on Parade)
viii)It starts; Chaffetz seeks charges against Hillary aid, Pagliano who decided not to show up to Congress once he was subpoenaed. He claims the 5th amendment but the FBI already had granted immunity to him so there was no reason for him not to testify.
( zerohedge)
ix)Pay attention to David Stockman as he outlines correctly what will happen in the next few months with respect to the USA economy:
( DailyReckoning/David Stockman)
x)The lawsuit has been going on for at least 5 years. The unsealing of the documents came last night as finally the government sues the largest USA Health Insurer on fraudulent overbilling
( zero hedge)
xi)The Senate confirmed Pruitt. He has been an very outspoken critic on global warming etc.
( zero hedge)
xii) This week’s wrap courtesy of Greg Hunter.
(Greg Hunter/USAWatchdog)
Let us head over to the comex:
The total gold comex open interest ROSE BY 9,001 CONTRACTS UP to an OI level of 429,147 WITH THE RISE IN THE PRICE OF GOLD ( $8.30 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 27 contracts DOWN to 903. We had 1 notice(s) served upon yesterday and therefore we LOST 26 contracts or an additional 2600 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 FALL by 62 contracts DOWN TO 1960.The next big active month is April and here the OI ROSE by 6656 contracts UP to 281,772.
We had 20 notice(s) filed upon today for 2000 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And now for the wild silver comex results. Total silver OI ROSE by 5,314 contracts FROM 199,203 UP TO 204,517 AS THE PRICE OF SILVER ROSE TO THE TUNE OF 11 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 8 contract(s) DOWN TO 140. We had 24 notice(s) served YESTERDAY so we GAINED 16 CONTRACTS or an additional 80,000 oz will stand for delivery.
The next big active delivery month is March and here the OI decrease by 4,939 contracts down to 75,387 contracts. For comparison purposes last year on the same date only 74,409 contracts were standing.
We had 0 notice(s) filed for 120,000 oz for the FEBRUARY contract.
VOLUMES: for the gold comex
Today the estimated volume was 159,278 contracts which is poor to fair.
Yesterday’s confirmed volume was 210,537 contracts which is good
volumes on gold are getting higher!
INITIAL standings for FEBRUARY
Feb 17/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
nil OZ
Deposits to the Dealer Inventory in oz 1999.900 ozBrinks
Deposits to the Customer Inventory, in oz
nil oz
No of oz served (contracts) today
20 notice(s)
2000 oz
No of oz to be served (notices)
883 contracts
88,300 oz
Total monthly oz gold served (contracts) so far this month
5145 notices
514,500 oz
16.003 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 0 kilobar transaction(s)/
Today we had 1 deposit(s) into the dealer:
i) Into Brinks: 1999.90 oz
total dealer deposits: 1999.90 oz
We had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 0 customer deposit(s):
total customer deposits; nil oz
We had 0 customer withdrawal(s)
total customer withdrawal: nil 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 20 contract(s) of which 8 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 (5145) x 100 oz or 514,500 oz, to which we add the difference between the open interest for the front month of FEBRUARY (903 contracts) minus the number of notices served upon today (20) x 100 oz per contract equals 602,800 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 (5145) x 100 oz or ounces + {(903)OI for the front month minus the number of notices served upon today (20) x 100 oz which equals 605400 oz standing in this non active delivery month of FEBRUARY (18.830 tonnes)
we lost 26 contracts or an additional 2600 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 16.003 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/ 18.749 tonnes
total for the 14 months; 244.753 tonnes
average 17.482 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 1,418,640.029 or 44.125 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,948,247.817 or 278.328 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.328 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 17. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
2837.100 0z
Brinks
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
873,830.260 oz
Brinks
CNT
No of oz served today (contracts)
0 CONTRACT(S)
(nil OZ)
No of oz to be served (notices)
140 contracts
(700,000 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 5,914,661.8 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 1 customer withdrawal(s):
i) Out of Brinks: 2837.100 oz
TOTAL CUSTOMER WITHDRAWALS: 2837.100 oz
we had 2 customer deposit(s):
i)IntoBrinks: 273,532.850 oz
ii) Into CNT: 600,297.410 oz
***deposits into JPMorgan have now stopped.
total customer deposits; 873,830.260 oz
we had 0 adjustment(s)
The total number of notices filed today for the FEBRUARY. contract month is represented by 0 contract(s) for nil 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 (140) and the number of notices served upon today (0) 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.( 140 ) -number of notices served upon today (0)x 5000 oz equals 2,750,000 oz of silver standing for the Feb contract month. This is huge for a non active delivery month in silver.
We GAINED 16 contracts or an additional 80,000 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 65,767 which is excellent!!!
FRIDAY’S confirmed volume was 95,791 contracts which is huge.
To give you an idea of volume yesterday’s confirmed volume:: 98,547 contracts equates to 479 million oz or 68% 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: 184.231 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 17/a withdrawal of 2.37 tonnes of gold from the GLD/Inventory rests at 841.17 tonnes
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 841.17 tonnes
*IN LAST 92 TRADING DAYS: 108.64 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 39 TRADING DAYS: A NET 16.57 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: 42.10 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
feb 17/2017/again no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz/
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 17.2017: Inventory 334.713 million oz
end
At 3;30 pm we receive the COT report. Let us see how the commercials fared this week: Steve Mnuchin already had 1 day on the job as Sec Treasure when this report was based on.
Gold COT Report – Futures
Large Speculators Commercial Total
Long Short Spreading Long Short Long Short
212,259 102,507 57,432 105,674 233,462 375,365 393,401
Change from Prior Reporting Period
-4,149 3,248 5,685 -350 -6,708 1,186 2,225
Traders
169 106 78 46 50 250 200
Small Speculators
Long Short Open Interest
39,763 21,727 415,128
-1,601 -2,640 -415
non reportable positions Change from the previous reporting period
COT Gold Report – Positions as of Tuesday, February 14, 2017
Our Large Specs:
Those large specs that have been long in gold pitched 4149 contracts just as gold was about to rise??
those specs that have been short in gold added 3248 contracts to their short side??
Our commercials:
those commercials that have been long in gold pitched 350 contracts from their long side.
those commercials that have been short in gold covered in a hurry : 6708 contracts.
Our small specs:
those small specs that have been long in gold pitched 1601 contracts from their long side.
those small specs that have been short in gold covered 2640 contracts.
Conclusions:
strange COT: the commercials go net long by 6356 which is bullish.
Silver COT Report: Futures
Large Speculators Commercial
Long Short Spreading Long Short
104,765 19,953 16,346 48,659 147,686
6,205 -330 -3,040 -1,413 4,902
Traders
100 37 49 34 35
Small Speculators Open Interest Total
Long Short 195,338 Long Short
25,568 11,353 169,770 183,985
-350 -130 1,402 1,752 1,532
non reportable positions Positions as of: 159 106
Tuesday, February 14, 2017 © SilverSeek.com
Wow!! what a strange COT especially silver
Our large specs:
those large specs that have been long in silver added a whopping 6205 contracts to their long side and that is what we should have expected with a rising silver price.
those large specs who have been short in silver covered a tiny 330 contracts and they are certainly brave little souls.
Our commercials:
those commercials that have been long in silver pitched 1413 contracts from their long side.
those commercials that have been short in silver added a whopping 4902 contracts to their short side.
Our small specs;
those small specs that have been long in silver added 5995 contracts to their long side.
those small specs that have been short in silver covered a tiny 696 contracts.
Conclusions:
the commercials go net short by a rather large 6313 contracts with an advancing silver price.
Note the huge difference between silver and gold. Somebody is taking on the crooked banks in silver and in gold. In silver they are supplying the paper. In gold they are covering.
http://www.silverdoctors.com/headlines/world-news/harvey-organ-cot-report-someone-is-taking-on-the-crooked-banks/#more-76520
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Thank You Harvey & Doc Good Stuff
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*GYS*SaturdayNight*
MMgys
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