Wednesday, March 08, 2017 8:04:24 AM
Just Stuff
CQs/GYS
F N H I Radar Thx PB
London Whistleblower: LBMA Having SEVERE Trouble Locating Gold to Fulfill Contracts!
Posted on March 8, 2017 by The Doc
ANDRE MAGUIRE STATES THAT THE LBMA IS HAVING SEVERE TROUBLE LOCATING GOLD TO FULFILL CONTRACTS…
GOLD DOWN $1.00 AND SILVER UP 2 CENTS BIT DOWN FROM FRIDAY’S ACCESS PRICING/THIS IS A BIG STORY: THE CME AND REUTERS ABANDON THE SILVER FIX..SOMETHING IS UP!! /AVERY GOODMAN..A MUST READ!!CHINA ANNOUNCES THAT ITS GROWTH RATE NEXT YEAR WILL BE 6.5%/CHINA’S TOTAL ASSETS NOW SURPASS 33 TRILLION/MAJOR RESTRUCTURING AT DEUTSCHE BANK AGAIN!TARGET 2 IMBALANCES AT THE EU INTENSIFIES AS FUNDS LEAVE SPAIN, ITALY AND FRANCE AND LAND IN GERMANY AND LUXEMBOURG/TRUMP TOWER SUPPOSEDLY WIRETAPPED: GET YOUR POPCORN READY/SENATOR GRASSLEY OPENS A PROBE ON THE FBI
2 oz Silver Queen’s Beasts Red Dragon
Intro Pricing: $2.69/oz Over Spot!
Gold at (1:30 am est) $1224.50 down $1.00
silver was : $17.72: UP 2 CENTS (unchanged)
Access market prices:
Gold: $1226.30
Silver: $17.78
For comex gold:
MARCH/
NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 1 NOTICE(S) FOR 100 OZ. TOTAL NOTICES SO FAR: 45 FOR 4500 OZ (0.1399 TONNES)
For silver:
For silver: MARCH
343 NOTICES FILED TODAY FOR 1,715,000 OZ/
Total number of notices filed so far this month: 1763 for 8,815,000
Late FRIDAY night after receiving the preliminary data for Monday, I wanted to think about the data overnight as well as to see if this fits with Ted Butler’s assertion of basically collusion with some of the Hedge Funds (managed money)
If you have not read Ted Butler yet, I urge you to read it (in last night’s commentary) and then study today’s OI data.
One could see that the original plan of the bankers was to raid gold and silver with the object to get the gold down to an OI level of 390,000 contracts and silver down to the 165,000 area. They have done this quite a few occasions starting in 2011 and continuing to this year.
I now believe Butler’s assertion is correct in that the hedge funds are no longer playing the game especially in silver. He correctly portrays the hedge funds as as the Washington Generals losing every time with the Harlem Globetrotters the victors all the time.
Now everything makes sense:
the “salary” for each “Washington General” hedge fund was paid in cash settlements. That is how these hedge funds would continually lose for 5 years and still play in the game.
It also explains, a huge obliteration of open interest on an active contract as we head into first day notice.
the boys were being paid for their work and they then reload with fiat bonus and play again.
It also explains how the amount standing of each month lowers as the month proceeds. Each of the collusive players are waiting to be paid.
However, somehow, the hedge funds (Washington Generals) did not want to play anymore with the bankers (Harlem Globetrotters) .The hedge funds decided not to sell on any huge whack. This is why Thursday’s OI reading on silver hardly moved despite a 74 cent drop in price. The huge follow through yesterday orchestrated by the bankers (Harlem) also ended in failure. That is why at 1:00 o’clock they could see that the OI hardly budged so they raced as fast as they could to cover. The price of silver instead of being down by 8 cents, it rallied to unchanged at comex closing time and then up 19 cents upon access closing time.
We are not seeing the same game yet in gold but it may be in its infancy. However in silver, something is scaring our Washington Generals to not play the silver fraud any more.(lack of silver maybe?)
Let us have a look at the data for today
.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest FELL by ONLY 3,484 contracts DOWN to 193,848 with respect to FRIDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.969 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 343 NOTICE(S) FOR 1,715,000 OZ OF SILVER
In gold, the total comex gold FELL BY 6,937 contracts with ANOTHER FALL IN THE PRICE GOLD ($6.40 with FRIDAY’S trading ).The total gold OI stands at 437,220 contracts.
we had 1 notice(s) filed upon for 100 oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD:
:
We had a huge change in tonnes of gold at the GLD: a withdrawal of 2.96 tonnes
Inventory rests tonight: 840.58 tonnes
.
SLV
We had no changes in inventory at the SLV
THE SLV Inventory rests at: 332.788 million oz
end
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver FELL by ONLY 3,484 contracts DOWN to 193,848 AS SILVER WAS UNCHANGED with FRIDAY’S trading. (probably some short covering). The gold open interest FELL BY 6,937 contracts DOWN to 437,220 WITH ANOTHER FALL IN THE PRICE OF GOLD OF $6.40 (FRIDAY’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 SUNDAY night/MONDAY morning: Shanghai closed UP 15.55 POINTS OR .58%/ /Hang Sang CLOSED UP 43.56 POINTS OR 0.18% . The Nikkei closed DOWN 90.03 POINTS OR 0.46% /Australia’s all ordinaires CLOSED UP 0.23%/Chinese yuan (ONSHORE) closed UP at 6.8967/Oil FELL to 52.95 dollars per barrel for WTI and 55.52 for Brent. Stocks in Europe ALL MIXED ..Offshore yuan trades 6.9035 yuan to the dollar vs 6.8967 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS CONSIDERABLY/ ONSHORE YUAN STRONGER AS IS OFFSHORE YUAN COUPLED WITH THE STRONGER DOLLAR. CHINA SENDS A MESSAGE TO THE USA NOT TO RAISE RATES
3a)THAILAND/SOUTH KOREA/NORTH KOREA
i)Not good: North Korea fires 4 missiles and 3 of them land in Japan’s exclusinve economic zone and it could be an intercontinental ballistic missile.
( zero hedge)
ii)Normally, I am not bothered as to what comes out of Kim’s mouth. But he is a madman and the must be cognizant of his actions
( zero hedge)
b) REPORT ON JAPAN
none today
c) REPORT ON CHINA
For the first time China cuts in economic growth forecast:
( zero hedge)
4. EUROPEAN AFFAIRS
i)A massive restructuring for Deutsche bank as they continue to suffer losses:
( zero hedge)
ii)Deutsche bank is down 7% this morning after its massive equity offering. This bank has some serious issues something that we have been reporting to you over these years.
they are in a mess..
( zero hedge)
iii)The former French Prime Minister Juppe announces that he will not run. Also Fillon despite being charged is still in the race..
( zerohedge)
iv)Euroflight capital intensifies as Target 2 imbalances widen again. Note that Germany received 41.3 billion euros from weak nations: Italy, and Spain. Italy is on life support:
( zero hedge)
v)For the first time, the BIS recognizes the risks in Target 2 imbalances as well as admit that it reality Germany is loaning euros to the periphery..in other words a stealth bailout
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
i)Syria/Turkey
A Syrian jet is shot down over Southern Turkey and the pilot ejects
Trump may have his first international crisis:
( zero hedge)
ii)Turkey/Germany
Germany cancels Turkish rallies and that sets off a diplomatic row after Erdogan accuses Germany of “fascist actions”
( zero hedge)
6.GLOBAL ISSUES
i)Even though Mexico’s debt to GDP is only 49%, it has major problems due to the fact that a major part of its debt is denominated in foreign currency coupled with foreign owners. Mexico’s problem started with their crisis in 1994 where they needed to the bailed out. The debt created then is still around except it has basically tripled due to interest. Mexico may be facing liquidity problems in that they will have difficulty in sourcing foreign currency to pay off its debt
( Don Quijones/WolfStreet)
ii)This is not good: South Africa’s President Zuma calls for the confiscation of White land exactly what Zimbabwe did to its White citizens years earlier:
( zero hedge)
7. OIL ISSUES
Did they expect anything less: OIL pundits are now concerned over Russia’s failure to cut production
( zero hedge)
8. EMERGING MARKETS
9. PHYSICAL MARKETS
i)Tice tells CNBC that gold will rise despite rising interest rates due to the “paper vs physical dilemma. In other words there is a huge amount of paper obligations out there vs physical.
( Tice/CNBC)
ii)Mining entrepreneur, Frank Giustra concedes gold price suppression
( zero hedge)
iii)Mike Kosares comments that the bank’s excess reserves are now finding their way into the economy thorough lending. Is this what is fueling inflation now?
( Kosares/USAgold/GATA))
iv)my goodness: I wonder why the CME and Reuters will stop providing LMMA silver fix benchmarks:
( Jan Harvey/Reuters/GATA)
v)An extremely important commentary this morning from Avery Goodman. Maguire has been pounding the table on the huge paper obligations in London outstanding versus physical gold. He now is stating that the LBMA members are scrambling for metal and the race is on turning many paper obligations to real metal. He claims (and he believe he is correct) that the LBMA will default as well as the comex.
( Avery Goodman/GATA/ Andrew Maguire/Goldseek//three commentaries)
10.USA STORIES
i)Early trading this morning from NY:
(zerohedge)
ii)Core Factory orders growth has slowed down to a 6th month low
(courtesy zero hedge)
iii)I was totally unaware that USA passed a law that they had to keep their cash balances low. They were not allowed to pad their balances: they could borrow all the want and on March 15, whatever the borrowings become, that will be the new debt ceiling. They are burning cash at an alarming rate. When Trump took office 43 days ago, the cash balances was around $382 billion, whereas today it is down to only 109 billion, a loss of 273 billion..a monstrous burn rate. The problem will be that they will run out by Mid April.
( Washington Examiner)
iv)Saturday morning:
A bombshell: Trump accuses Obama of wiretapping the Trump tower:
( zero hedge)
v)Sunday morning:
Obama slams the “false” Trump accusation:
( zero hedge)
vi)Sunday afternoon
James Clapper denies the wiretapping. Nobody believes him:
( zero hedge)
vii)Sunday afternoon:The White House demands a Congressional probe whether Obama or anybody on his administration ordered the wiretapp of Trump Tower
( zero hedge)
viii)Sunday evening:
From Gateway, the FBI is said to have sought a FISA warrant and then they discover no evidence of any Russian involvement:
( The GatewayPundit.com/
ix)Why does Comey need to ask the Dept of Justice to publicly reject Trump’s claims. Why can’t the FBI publicly do it themselves!!
( zero hedge)
x) Judicial Watch sues the CIA, the Dept of Justice for Intelligence leak records. They state that “President Trump is on to something!”( JudicialWatch/zero hedge)xi)Mark Levin issues an open letter to CNN’s Brian Stetler and then gives the time line of what we will now call Obamagate:
( zero hedge)
xii)David Stockman appears on CNBC again and states that the debt ceiling is the next crisis and this is going to happen before any tax breaks etc.They cash position of the government on on Feb 24.2017 was down to 200 billion. On March 3: 109 billion USA.
(Daily Reckoning)
xiii)Trump to sign a new executive order. This time, Iraq will be excluded due to their extreme vetting process. Also Green card holders will also be excluded:
( zero hedge)
xiv) This is what happens when you administer a tax poorly: Pepsi lays off 20% of its Philadelphia workers due to the Soda tax we outlined to you on several occasions( zero hedge)xv)If you have finished your popcorn on the wiretapping issue with Trump, go get another batch: Senator Grassley has just launched a probe into the FBI ties with the British Spy (the one who gave the dossier on Trump to the FBI). He wants to know if the FBI relied on this information to see a FISA court warrant to wiretap Trump
( zerohedge)
Let us head over to the comex:
The total gold comex open interest FELL BY 6,937 CONTRACTS DOWN to an OI level of 437,220 with THE FALL IN THE PRICE OF GOLD ( $6.40 with FRIDAY’S trading). We are now in the contract month of MARCH and it is one of the poorer delivery months of the year. In this MARCH delivery month we had a GAIN of 1 contract(s) UP to 46. We had 5 contact(s) served upon yesterday, so we GAINED 6 CONTRACTS or AN ADDITIONAL 600 ounces will stand for delivery. The next active contract month is April and here we saw it’s OI FALL by 7854 contracts DOWN TO 259,178 contracts.
For comparison purposes, the April 2016 contract at this time had an OI of 313,947 contracts. At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.
The non active May contract month added 69 contracts and thus its OI is 268 contracts. The next big active month is June and here the OI ROSE by 1154 contracts up to 97,316.
We had 1 notice(s) filed upon today for 100 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And now for the wild silver comex results. Total silver OI FELL BY ONLY 3,484 contracts FROM 197,332 DOWN TO 193,848 WITH FRIDAY’S ATTEMPTED DRIVE BY SHOOTING OF SILVER AS EVENTUALLY SILVER ENDED AT ZERO LOSS ON THE DAY . We are moving CLOSER TO the all time record high for silver open interest set on Wednesday August 3/2016: (224,540). The closing price of silver that day: $20.44
We are in the active delivery month is March and here the OI decreased by 318 contracts down to 2654 contracts. We had 302 notices served upon yesterday so we lost 16 contracts or an additional 80,000 oz will not stand for delivery. This is totally unbelievable. How could so many be late in rolling?
For historical reference: on the first day notice for the March/2016 silver contract: 19,020,000 oz stood for delivery . However the final amount standing at the end of March 2016: 6,755,000 oz as the banker boys were busy convincing holders of many silver contracts to cash settle just like they did today.
The April/2017 contract month LOST 21 contracts to 957 contracts. The next active contract month is May and here the open interest LOST 3194 contracts DOWN to 152,797 contracts.
FOR COMPARISON
Initially for the April 2016 contract, 1,180,000 oz stood for delivery. At the end of April 2016: 6,775,000 oz as bankers needed much silver to fill major holes elsewhere.
We had 343 notice(s) filed for 1,715,0000 oz for the MARCH 2017 contract.
VOLUMES: for the gold comex
Today the estimated volume was 154,150 contracts which is poor.
Yesterday’s confirmed volume was 301,179 contracts which is excellent
volumes on gold are getting higher!
INITIAL standings for MARCH
March 6/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
nil OZ
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
nil oz
No of oz served (contracts) today
1 notice(s)
100 oz
No of oz to be served (notices)
45 contracts
4500 oz
Total monthly oz gold served (contracts) so far this month
45 notices
4500 oz
0.1399 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 16,107.15 oz
This is very strange: now for many days, nothing of substance enters the comex vaults. They must have problems locating physical just like the LBMA>
Today we HAD 0 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 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)
For MARCH:
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 MARCH. contract month, we take the total number of notices filed so far for the month (45) x 100 oz or 4500 oz, to which we add the difference between the open interest for the front month of MARCH (46 contracts) minus the number of notices served upon today (1) x 100 oz per contract equals 9,000 oz, the number of ounces standing in this NON active month of MARCH.
Thus the INITIAL standings for gold for the MARCH contract month:
No of notices served so far (45) x 100 oz or ounces + {(46)OI for the front month minus the number of notices served upon today (1) x 100 oz which equals 9000 oz standing in this non active delivery month of MARCH (.2799 tonnes)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On first day notice for MARCH 2016, we had 2.146 tonnes of gold standing. At the conclusion of the month we had 2.311 tonnes standing.
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/ 18.734 tonnes
March: 0.2799 tonnes
total for the 15 months; 244.54 tonnes
average 16.302 tonnes per month vs last yr 61.82 tonnes total for 15 months or 4.12 tonnes average per month (last yr).
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Total dealer inventory 1,419,840.049 or 44.162 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,928,936.348 or 277.720 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 277.720 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 MARCH DELIVERY MONTH
MARCH INITIAL standings
March 6. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
nil 0z
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
nil oz
No of oz served today (contracts)
343 CONTRACT(S)
(1,715,000 OZ)
No of oz to be served (notices)
2291 contracts
(11,455,000 oz)
Total monthly oz silver served (contracts) 1763 contracts (8,815,000 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 889,864.6 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 0 customer withdrawal(s):
i) Out of Delaware: 10,406.886
ii) Out of jPMorgan: 931.300 oz’
iii) Out of Scotia: 100,915.500 oz
TOTAL CUSTOMER WITHDRAWALS: nil oz
we had 0 customer deposit(s):
***deposits into JPMorgan have now resumed.
total customer deposits; nil oz
we had 0 adjustment(s)
The total number of notices filed today for the MARCH. contract month is represented by 343 contract(s) for 1,715,000 oz. To calculate the number of silver ounces that will stand for delivery in MARCH., we take the total number of notices filed for the month so far at 1763 x 5,000 oz = 8,815,000 oz to which we add the difference between the open interest for the front month of MAR (2634) and the number of notices served upon today (343) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the March contract month: 1763(notices served so far)x 5000 oz + OI for front month of Mar.( 2634 ) -number of notices served upon today (343)x 5000 oz equals 20,270,000 oz of silver standing for the Mar contract month. This is now average for an active delivery month in silver. We lost 16 contracts or an additional 80,000 oz will not stand.
END
Volumes: for silver comex
Today the estimated volume was 48,235 which is good!!!
FRIDAY’S confirmed volume was 86,418 contracts which is huge.
To give you an idea of volume FRIDAY’S confirmed volume:: 86,418 contracts equates to 432 million oz or 62% of ANNUAL GLOBAL PRODUCTION EX CHINA EX RUSSIA.
Total dealer silver: 34.863 million (close to record low inventory
Total number of dealer and customer silver: 188.331 million oz
The total open interest on silver is now further 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
March 6/No change in gold inventory at the GLD/Inventory rests at 840.58 tonnes
March 3/ a huge withdrawal of 2.96 tonnes of gold from the GLD/Inventory rests at 840.58 tonnes
March 2/a deposit of 2.37 tonnes of gold into the GLD/Inventory rests tat 843.54 tonnes
March 1/no change in gold inventory at the GLD/Inventory rests at 841.17 tonnes
FEB 28/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
feb 27/no change in gold inventory at the GLD/Inventory rests at 841.17 tonnes
Feb 24/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
FEB 23/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
FEB 22/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
FEB 21/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
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.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
March 6 /2017/ Inventory rests tonight at 840.58 tonnes
*IN LAST 103 TRADING DAYS: 109.23 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 49 TRADING DAYS: A NET 15.98 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: a net 41.41 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
March 6/no change in inventory at the SLV/Inventory rests at 332.788 million oz/
March 3: two transactions:
i)March 3/ a small change, a withdrawal of 125,000 oz and this would be to pay for fees like insurance, storage etc/inventory now stands at 335.156 million oz.
ii) a huge withdrawal of 2.368 million oz/inventory rests this weekend at 332.788 million oz
March 2/no changes in silver inventory (despite the raid) at the SLV/Inventory rests at 335.281 million oz
March 1/no changes in inventory at the SLV/Inventory rests at 335.281 million oz/
FEB 28/no changes in inventor at the SLV/inventory rests at 335.281 million oz/
FEB 27/no change in inventory at the SLV/Inventory rests at 335.281 million oz/
FEB 24/no changes in inventory at the SLV/Inventory rests at 335.281 million oz.
FEB 23/no changes in inventory at the SLV/Inventory rests at 335.281 million oz
FEB 22/no changes in inventory at SLV/inventory rests at 335.281 million oz
FEB 21/a deposit of 568,000 oz into the SLV/Inventory rests at 335.281 million oz
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
.
March 6.2017: Inventory 332.788 million oz
end
NPV for Sprott and Central Fund of Canada
will update later tonight the central fund of Canada figures
1. Central Fund of Canada: traded at Negative 8.4 percent to NAV usa funds and Negative 8.5% to NAV for Cdn funds!!!!
Percentage of fund in gold 60.3%
Percentage of fund in silver:39.5%
cash .+0.2%( Mar 6/2017)
will update later tonight the Sprott figures.
.
2. Sprott silver fund (PSLV): Premium RISES to -.28%!!!! NAV (Mar 6/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES to – 0.14% to NAV ( Mar 6/2017)
Note: Sprott silver trust back into NEGATIVE territory at -0.28% /Sprott physical gold trust is back into NEGATIVE territory at -0.14%/Central fund of Canada’s is still in jail.
http://www.silverdoctors.com/silver/silver-news/london-whistleblower-lbma-having-severe-trouble-locating-gold-to-fulfill-contracts/#more-76912
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Always Good Harvey Thanks
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
CQs/GYS
Good Morning Captains
F N H I Radar Thx PB London Whistleblower: LBMA Having SEVERE Trouble Locating Gold to Fulfill Contracts!
Posted on March 8, 2017 by The Doc
ANDRE MAGUIRE STATES THAT THE LBMA IS HAVING SEVERE TROUBLE LOCATING GOLD TO FULFILL CONTRACTS…
GOLD DOWN $1.00 AND SILVER UP 2 CENTS BIT DOWN FROM FRIDAY’S ACCESS PRICING/THIS IS A BIG STORY: THE CME AND REUTERS ABANDON THE SILVER FIX..SOMETHING IS UP!! /AVERY GOODMAN..A MUST READ!!CHINA ANNOUNCES THAT ITS GROWTH RATE NEXT YEAR WILL BE 6.5%/CHINA’S TOTAL ASSETS NOW SURPASS 33 TRILLION/MAJOR RESTRUCTURING AT DEUTSCHE BANK AGAIN!TARGET 2 IMBALANCES AT THE EU INTENSIFIES AS FUNDS LEAVE SPAIN, ITALY AND FRANCE AND LAND IN GERMANY AND LUXEMBOURG/TRUMP TOWER SUPPOSEDLY WIRETAPPED: GET YOUR POPCORN READY/SENATOR GRASSLEY OPENS A PROBE ON THE FBI
2 oz Silver Queen’s Beasts Red Dragon
Intro Pricing: $2.69/oz Over Spot!
Gold at (1:30 am est) $1224.50 down $1.00
silver was : $17.72: UP 2 CENTS (unchanged)
Access market prices:
Gold: $1226.30
Silver: $17.78
For comex gold:
MARCH/
NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 1 NOTICE(S) FOR 100 OZ. TOTAL NOTICES SO FAR: 45 FOR 4500 OZ (0.1399 TONNES)
For silver:
For silver: MARCH
343 NOTICES FILED TODAY FOR 1,715,000 OZ/
Total number of notices filed so far this month: 1763 for 8,815,000
Late FRIDAY night after receiving the preliminary data for Monday, I wanted to think about the data overnight as well as to see if this fits with Ted Butler’s assertion of basically collusion with some of the Hedge Funds (managed money)
If you have not read Ted Butler yet, I urge you to read it (in last night’s commentary) and then study today’s OI data.
One could see that the original plan of the bankers was to raid gold and silver with the object to get the gold down to an OI level of 390,000 contracts and silver down to the 165,000 area. They have done this quite a few occasions starting in 2011 and continuing to this year.
I now believe Butler’s assertion is correct in that the hedge funds are no longer playing the game especially in silver. He correctly portrays the hedge funds as as the Washington Generals losing every time with the Harlem Globetrotters the victors all the time.
Now everything makes sense:
the “salary” for each “Washington General” hedge fund was paid in cash settlements. That is how these hedge funds would continually lose for 5 years and still play in the game.
It also explains, a huge obliteration of open interest on an active contract as we head into first day notice.
the boys were being paid for their work and they then reload with fiat bonus and play again.
It also explains how the amount standing of each month lowers as the month proceeds. Each of the collusive players are waiting to be paid.
However, somehow, the hedge funds (Washington Generals) did not want to play anymore with the bankers (Harlem Globetrotters) .The hedge funds decided not to sell on any huge whack. This is why Thursday’s OI reading on silver hardly moved despite a 74 cent drop in price. The huge follow through yesterday orchestrated by the bankers (Harlem) also ended in failure. That is why at 1:00 o’clock they could see that the OI hardly budged so they raced as fast as they could to cover. The price of silver instead of being down by 8 cents, it rallied to unchanged at comex closing time and then up 19 cents upon access closing time.
We are not seeing the same game yet in gold but it may be in its infancy. However in silver, something is scaring our Washington Generals to not play the silver fraud any more.(lack of silver maybe?)
Let us have a look at the data for today
.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total open interest FELL by ONLY 3,484 contracts DOWN to 193,848 with respect to FRIDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.969 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 343 NOTICE(S) FOR 1,715,000 OZ OF SILVER
In gold, the total comex gold FELL BY 6,937 contracts with ANOTHER FALL IN THE PRICE GOLD ($6.40 with FRIDAY’S trading ).The total gold OI stands at 437,220 contracts.
we had 1 notice(s) filed upon for 100 oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD:
:
We had a huge change in tonnes of gold at the GLD: a withdrawal of 2.96 tonnes
Inventory rests tonight: 840.58 tonnes
.
SLV
We had no changes in inventory at the SLV
THE SLV Inventory rests at: 332.788 million oz
end
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver FELL by ONLY 3,484 contracts DOWN to 193,848 AS SILVER WAS UNCHANGED with FRIDAY’S trading. (probably some short covering). The gold open interest FELL BY 6,937 contracts DOWN to 437,220 WITH ANOTHER FALL IN THE PRICE OF GOLD OF $6.40 (FRIDAY’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 SUNDAY night/MONDAY morning: Shanghai closed UP 15.55 POINTS OR .58%/ /Hang Sang CLOSED UP 43.56 POINTS OR 0.18% . The Nikkei closed DOWN 90.03 POINTS OR 0.46% /Australia’s all ordinaires CLOSED UP 0.23%/Chinese yuan (ONSHORE) closed UP at 6.8967/Oil FELL to 52.95 dollars per barrel for WTI and 55.52 for Brent. Stocks in Europe ALL MIXED ..Offshore yuan trades 6.9035 yuan to the dollar vs 6.8967 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS CONSIDERABLY/ ONSHORE YUAN STRONGER AS IS OFFSHORE YUAN COUPLED WITH THE STRONGER DOLLAR. CHINA SENDS A MESSAGE TO THE USA NOT TO RAISE RATES
3a)THAILAND/SOUTH KOREA/NORTH KOREA
i)Not good: North Korea fires 4 missiles and 3 of them land in Japan’s exclusinve economic zone and it could be an intercontinental ballistic missile.
( zero hedge)
ii)Normally, I am not bothered as to what comes out of Kim’s mouth. But he is a madman and the must be cognizant of his actions
( zero hedge)
b) REPORT ON JAPAN
none today
c) REPORT ON CHINA
For the first time China cuts in economic growth forecast:
( zero hedge)
4. EUROPEAN AFFAIRS
i)A massive restructuring for Deutsche bank as they continue to suffer losses:
( zero hedge)
ii)Deutsche bank is down 7% this morning after its massive equity offering. This bank has some serious issues something that we have been reporting to you over these years.
they are in a mess..
( zero hedge)
iii)The former French Prime Minister Juppe announces that he will not run. Also Fillon despite being charged is still in the race..
( zerohedge)
iv)Euroflight capital intensifies as Target 2 imbalances widen again. Note that Germany received 41.3 billion euros from weak nations: Italy, and Spain. Italy is on life support:
( zero hedge)
v)For the first time, the BIS recognizes the risks in Target 2 imbalances as well as admit that it reality Germany is loaning euros to the periphery..in other words a stealth bailout
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
i)Syria/Turkey
A Syrian jet is shot down over Southern Turkey and the pilot ejects
Trump may have his first international crisis:
( zero hedge)
ii)Turkey/Germany
Germany cancels Turkish rallies and that sets off a diplomatic row after Erdogan accuses Germany of “fascist actions”
( zero hedge)
6.GLOBAL ISSUES
i)Even though Mexico’s debt to GDP is only 49%, it has major problems due to the fact that a major part of its debt is denominated in foreign currency coupled with foreign owners. Mexico’s problem started with their crisis in 1994 where they needed to the bailed out. The debt created then is still around except it has basically tripled due to interest. Mexico may be facing liquidity problems in that they will have difficulty in sourcing foreign currency to pay off its debt
( Don Quijones/WolfStreet)
ii)This is not good: South Africa’s President Zuma calls for the confiscation of White land exactly what Zimbabwe did to its White citizens years earlier:
( zero hedge)
7. OIL ISSUES
Did they expect anything less: OIL pundits are now concerned over Russia’s failure to cut production
( zero hedge)
8. EMERGING MARKETS
9. PHYSICAL MARKETS
i)Tice tells CNBC that gold will rise despite rising interest rates due to the “paper vs physical dilemma. In other words there is a huge amount of paper obligations out there vs physical.
( Tice/CNBC)
ii)Mining entrepreneur, Frank Giustra concedes gold price suppression
( zero hedge)
iii)Mike Kosares comments that the bank’s excess reserves are now finding their way into the economy thorough lending. Is this what is fueling inflation now?
( Kosares/USAgold/GATA))
iv)my goodness: I wonder why the CME and Reuters will stop providing LMMA silver fix benchmarks:
( Jan Harvey/Reuters/GATA)
v)An extremely important commentary this morning from Avery Goodman. Maguire has been pounding the table on the huge paper obligations in London outstanding versus physical gold. He now is stating that the LBMA members are scrambling for metal and the race is on turning many paper obligations to real metal. He claims (and he believe he is correct) that the LBMA will default as well as the comex.
( Avery Goodman/GATA/ Andrew Maguire/Goldseek//three commentaries)
10.USA STORIES
i)Early trading this morning from NY:
(zerohedge)
ii)Core Factory orders growth has slowed down to a 6th month low
(courtesy zero hedge)
iii)I was totally unaware that USA passed a law that they had to keep their cash balances low. They were not allowed to pad their balances: they could borrow all the want and on March 15, whatever the borrowings become, that will be the new debt ceiling. They are burning cash at an alarming rate. When Trump took office 43 days ago, the cash balances was around $382 billion, whereas today it is down to only 109 billion, a loss of 273 billion..a monstrous burn rate. The problem will be that they will run out by Mid April.
( Washington Examiner)
iv)Saturday morning:
A bombshell: Trump accuses Obama of wiretapping the Trump tower:
( zero hedge)
v)Sunday morning:
Obama slams the “false” Trump accusation:
( zero hedge)
vi)Sunday afternoon
James Clapper denies the wiretapping. Nobody believes him:
( zero hedge)
vii)Sunday afternoon:The White House demands a Congressional probe whether Obama or anybody on his administration ordered the wiretapp of Trump Tower
( zero hedge)
viii)Sunday evening:
From Gateway, the FBI is said to have sought a FISA warrant and then they discover no evidence of any Russian involvement:
( The GatewayPundit.com/
ix)Why does Comey need to ask the Dept of Justice to publicly reject Trump’s claims. Why can’t the FBI publicly do it themselves!!
( zero hedge)
x) Judicial Watch sues the CIA, the Dept of Justice for Intelligence leak records. They state that “President Trump is on to something!”( JudicialWatch/zero hedge)xi)Mark Levin issues an open letter to CNN’s Brian Stetler and then gives the time line of what we will now call Obamagate:
( zero hedge)
xii)David Stockman appears on CNBC again and states that the debt ceiling is the next crisis and this is going to happen before any tax breaks etc.They cash position of the government on on Feb 24.2017 was down to 200 billion. On March 3: 109 billion USA.
(Daily Reckoning)
xiii)Trump to sign a new executive order. This time, Iraq will be excluded due to their extreme vetting process. Also Green card holders will also be excluded:
( zero hedge)
xiv) This is what happens when you administer a tax poorly: Pepsi lays off 20% of its Philadelphia workers due to the Soda tax we outlined to you on several occasions( zero hedge)xv)If you have finished your popcorn on the wiretapping issue with Trump, go get another batch: Senator Grassley has just launched a probe into the FBI ties with the British Spy (the one who gave the dossier on Trump to the FBI). He wants to know if the FBI relied on this information to see a FISA court warrant to wiretap Trump
( zerohedge)
Let us head over to the comex:
The total gold comex open interest FELL BY 6,937 CONTRACTS DOWN to an OI level of 437,220 with THE FALL IN THE PRICE OF GOLD ( $6.40 with FRIDAY’S trading). We are now in the contract month of MARCH and it is one of the poorer delivery months of the year. In this MARCH delivery month we had a GAIN of 1 contract(s) UP to 46. We had 5 contact(s) served upon yesterday, so we GAINED 6 CONTRACTS or AN ADDITIONAL 600 ounces will stand for delivery. The next active contract month is April and here we saw it’s OI FALL by 7854 contracts DOWN TO 259,178 contracts.
For comparison purposes, the April 2016 contract at this time had an OI of 313,947 contracts. At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.
The non active May contract month added 69 contracts and thus its OI is 268 contracts. The next big active month is June and here the OI ROSE by 1154 contracts up to 97,316.
We had 1 notice(s) filed upon today for 100 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And now for the wild silver comex results. Total silver OI FELL BY ONLY 3,484 contracts FROM 197,332 DOWN TO 193,848 WITH FRIDAY’S ATTEMPTED DRIVE BY SHOOTING OF SILVER AS EVENTUALLY SILVER ENDED AT ZERO LOSS ON THE DAY . We are moving CLOSER TO the all time record high for silver open interest set on Wednesday August 3/2016: (224,540). The closing price of silver that day: $20.44
We are in the active delivery month is March and here the OI decreased by 318 contracts down to 2654 contracts. We had 302 notices served upon yesterday so we lost 16 contracts or an additional 80,000 oz will not stand for delivery. This is totally unbelievable. How could so many be late in rolling?
For historical reference: on the first day notice for the March/2016 silver contract: 19,020,000 oz stood for delivery . However the final amount standing at the end of March 2016: 6,755,000 oz as the banker boys were busy convincing holders of many silver contracts to cash settle just like they did today.
The April/2017 contract month LOST 21 contracts to 957 contracts. The next active contract month is May and here the open interest LOST 3194 contracts DOWN to 152,797 contracts.
FOR COMPARISON
Initially for the April 2016 contract, 1,180,000 oz stood for delivery. At the end of April 2016: 6,775,000 oz as bankers needed much silver to fill major holes elsewhere.
We had 343 notice(s) filed for 1,715,0000 oz for the MARCH 2017 contract.
VOLUMES: for the gold comex
Today the estimated volume was 154,150 contracts which is poor.
Yesterday’s confirmed volume was 301,179 contracts which is excellent
volumes on gold are getting higher!
INITIAL standings for MARCH
March 6/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
nil OZ
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
nil oz
No of oz served (contracts) today
1 notice(s)
100 oz
No of oz to be served (notices)
45 contracts
4500 oz
Total monthly oz gold served (contracts) so far this month
45 notices
4500 oz
0.1399 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 16,107.15 oz
This is very strange: now for many days, nothing of substance enters the comex vaults. They must have problems locating physical just like the LBMA>
Today we HAD 0 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 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)
For MARCH:
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 MARCH. contract month, we take the total number of notices filed so far for the month (45) x 100 oz or 4500 oz, to which we add the difference between the open interest for the front month of MARCH (46 contracts) minus the number of notices served upon today (1) x 100 oz per contract equals 9,000 oz, the number of ounces standing in this NON active month of MARCH.
Thus the INITIAL standings for gold for the MARCH contract month:
No of notices served so far (45) x 100 oz or ounces + {(46)OI for the front month minus the number of notices served upon today (1) x 100 oz which equals 9000 oz standing in this non active delivery month of MARCH (.2799 tonnes)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On first day notice for MARCH 2016, we had 2.146 tonnes of gold standing. At the conclusion of the month we had 2.311 tonnes standing.
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/ 18.734 tonnes
March: 0.2799 tonnes
total for the 15 months; 244.54 tonnes
average 16.302 tonnes per month vs last yr 61.82 tonnes total for 15 months or 4.12 tonnes average per month (last yr).
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Total dealer inventory 1,419,840.049 or 44.162 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,928,936.348 or 277.720 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 277.720 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 MARCH DELIVERY MONTH
MARCH INITIAL standings
March 6. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
nil 0z
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
nil oz
No of oz served today (contracts)
343 CONTRACT(S)
(1,715,000 OZ)
No of oz to be served (notices)
2291 contracts
(11,455,000 oz)
Total monthly oz silver served (contracts) 1763 contracts (8,815,000 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 889,864.6 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 0 customer withdrawal(s):
i) Out of Delaware: 10,406.886
ii) Out of jPMorgan: 931.300 oz’
iii) Out of Scotia: 100,915.500 oz
TOTAL CUSTOMER WITHDRAWALS: nil oz
we had 0 customer deposit(s):
***deposits into JPMorgan have now resumed.
total customer deposits; nil oz
we had 0 adjustment(s)
The total number of notices filed today for the MARCH. contract month is represented by 343 contract(s) for 1,715,000 oz. To calculate the number of silver ounces that will stand for delivery in MARCH., we take the total number of notices filed for the month so far at 1763 x 5,000 oz = 8,815,000 oz to which we add the difference between the open interest for the front month of MAR (2634) and the number of notices served upon today (343) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the March contract month: 1763(notices served so far)x 5000 oz + OI for front month of Mar.( 2634 ) -number of notices served upon today (343)x 5000 oz equals 20,270,000 oz of silver standing for the Mar contract month. This is now average for an active delivery month in silver. We lost 16 contracts or an additional 80,000 oz will not stand.
END
Volumes: for silver comex
Today the estimated volume was 48,235 which is good!!!
FRIDAY’S confirmed volume was 86,418 contracts which is huge.
To give you an idea of volume FRIDAY’S confirmed volume:: 86,418 contracts equates to 432 million oz or 62% of ANNUAL GLOBAL PRODUCTION EX CHINA EX RUSSIA.
Total dealer silver: 34.863 million (close to record low inventory
Total number of dealer and customer silver: 188.331 million oz
The total open interest on silver is now further 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
March 6/No change in gold inventory at the GLD/Inventory rests at 840.58 tonnes
March 3/ a huge withdrawal of 2.96 tonnes of gold from the GLD/Inventory rests at 840.58 tonnes
March 2/a deposit of 2.37 tonnes of gold into the GLD/Inventory rests tat 843.54 tonnes
March 1/no change in gold inventory at the GLD/Inventory rests at 841.17 tonnes
FEB 28/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
feb 27/no change in gold inventory at the GLD/Inventory rests at 841.17 tonnes
Feb 24/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
FEB 23/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
FEB 22/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
FEB 21/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes
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.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
March 6 /2017/ Inventory rests tonight at 840.58 tonnes
*IN LAST 103 TRADING DAYS: 109.23 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 49 TRADING DAYS: A NET 15.98 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: a net 41.41 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
March 6/no change in inventory at the SLV/Inventory rests at 332.788 million oz/
March 3: two transactions:
i)March 3/ a small change, a withdrawal of 125,000 oz and this would be to pay for fees like insurance, storage etc/inventory now stands at 335.156 million oz.
ii) a huge withdrawal of 2.368 million oz/inventory rests this weekend at 332.788 million oz
March 2/no changes in silver inventory (despite the raid) at the SLV/Inventory rests at 335.281 million oz
March 1/no changes in inventory at the SLV/Inventory rests at 335.281 million oz/
FEB 28/no changes in inventor at the SLV/inventory rests at 335.281 million oz/
FEB 27/no change in inventory at the SLV/Inventory rests at 335.281 million oz/
FEB 24/no changes in inventory at the SLV/Inventory rests at 335.281 million oz.
FEB 23/no changes in inventory at the SLV/Inventory rests at 335.281 million oz
FEB 22/no changes in inventory at SLV/inventory rests at 335.281 million oz
FEB 21/a deposit of 568,000 oz into the SLV/Inventory rests at 335.281 million oz
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
.
March 6.2017: Inventory 332.788 million oz
end
NPV for Sprott and Central Fund of Canada
will update later tonight the central fund of Canada figures
1. Central Fund of Canada: traded at Negative 8.4 percent to NAV usa funds and Negative 8.5% to NAV for Cdn funds!!!!
Percentage of fund in gold 60.3%
Percentage of fund in silver:39.5%
cash .+0.2%( Mar 6/2017)
will update later tonight the Sprott figures.
.
2. Sprott silver fund (PSLV): Premium RISES to -.28%!!!! NAV (Mar 6/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES to – 0.14% to NAV ( Mar 6/2017)
Note: Sprott silver trust back into NEGATIVE territory at -0.28% /Sprott physical gold trust is back into NEGATIVE territory at -0.14%/Central fund of Canada’s is still in jail.
http://www.silverdoctors.com/silver/silver-news/london-whistleblower-lbma-having-severe-trouble-locating-gold-to-fulfill-contracts/#more-76912
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Always Good Harvey Thanks
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
