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Thursday, March 16, 2017 7:04:20 AM
Just Stuff
MMgys
Dollar DUMPED On Fed Rate Hike! – Harvey Organ
Posted on March 15, 2017 by The Doc
GOLD AND SILVER RISE AS THEY DUMP THE DOLLAR ON THE FED RATE HIKE
GLD GAINS ANOTHER 4.44 TONNES OF INVENTORY!!/SLV: NO GAIN IN INVENTORY/GOLD GAINS OVER 20 DOLLARS IN ACCESS MARKET ON FED RATE HIKE/SILVER GAINS 44 CENTS/COMMODITIES RISE, GOLD AND SILVER RISE AS THEY DUMP THE DOLLAR ON THE FED RATE HIKE/PRIME MINISTER RUTTE, THE EASY VICTOR IN EARLY EXIT POLLS
Gold: $1200.10 DOWN $1.80
Silver: $16.88 DOWN 1 cent
Closing access prices:
Gold $1220.00
silver: $17.34
SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
SHANGHAI FIRST GOLD FIX: 1219.31 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1201.10
PREMIUM FIRST FIX: $18.21
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SECOND SHANGHAI GOLD FIX: 1221.37
NY GOLD PRICE AT THE EXACT SAME TIME: 1205.25
Premium of Shanghai 2nd fix/NY:$16.12
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LONDON FIRST GOLD FIX: 5:30 am est 1202.25
NY PRICING AT THE EXACT SAME TIME: 1203.60
LONDON SECOND GOLD FIX 10 AM: 1198.80
NY PRICING AT THE EXACT SAME TIME. 1200.00
For comex gold:
MARCH/
NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ. TOTAL NOTICES SO FAR: 59 FOR 5900 OZ (0.1835 TONNES)
For silver:
For silver: MARCH
78 NOTICES FILED TODAY FOR 390,000 OZ/
Total number of notices filed so far this month: 3070 for 15,350,000
As I indicated to you yesterday, March 15 would be a very interesting day and indeed it was. Gold and silver both skyrocket once Yellen announces her 1/4% rise. Also the GLD added another 4.44 tonnes of gold to its inventory. Physical gold is in quite demand! The debt ceiling was reached today and tomorrow the clowns start borrowing from trust funds. By Memorial day, they will no doubt run out of money. They need 60% of the House Republican votes to pass the debt ceiling. The hard line tea party members will give the Trump administration heart palpitations as they may refuse to extend the debt ceiling.
Let us have a look at the data for today
.
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In silver, the total open interest FELL by 1683 contracts DOWN to 186,936 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.935 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 78 NOTICE(S) FOR 390,000 OZ OF SILVER
In gold, the total comex gold ROSE BY A TINY 150 contracts EVEN WITH THE FALL IN THE PRICE OF GOLD ($0.50 with YESTERDAY’S TRADING) The total gold OI stands at 426,170 contracts.
we had 0 notice(s) filed upon for NIL oz of gold.
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With respect to our two criminal funds, the GLD and the SLV:
GLD:
We had a big change in tonnes of gold at the GLD: this time another huge deposit of 4.44 tonnes
Inventory rests tonight: 839.43 tonnes
.
SLV
We had no changes in inventory at the SLV/
THE SLV Inventory rests at: 331.272 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 1,683 contracts DOWN to 186,936 AS SILVER WAS DOWN 4 CENTS with YESTERDAY’S trading. The gold open interest ROSE BY A TINY 150 contracts UP to 426,170 DESPITE THE FALL IN THE PRICE OF GOLD OF $0.50 (YESTERDAY’S TRADING).
(report Harvey
.
2.a) The Shanghai and London gold fix report
(Harvey)
2 b) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)Late TUESDAY night/WEDNESDAY morning: Shanghai closed UP 2.43 POINTS OR .08%/ /Hang Sang CLOSED DOWN 35.10POINTS OR 0.15% . The Nikkei closed DOWN 32.12 POINTS OR 0.16% /Australia’s all ordinaires CLOSED UP 0.27%/Chinese yuan (ONSHORE) closed UP at 6.9121/Oil ROSE to 48.73 dollars per barrel for WTI and 51.84 for Brent. Stocks in Europe ALL IN THE GREEN EXCEPT GERMAN DAX ..Offshore yuan trades 6.8903 yuan to the dollar vs 6.9121 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS CONSIDERABLY/ ONSHORE YUAN STRONGER AS IS THE OFFSHORE YUAN AND THIS IS COUPLED WITH THE SLIGHTLY WEAKER DOLLAR. CHINA SENDS A MESSAGE TO THE USA NOT TO RAISE RATES
3a)THAILAND/SOUTH KOREA/NORTH KOREA
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
i)The Netherlands
Here is a great outline as we watch the important Dutch election today:
(courtesy Mish Shedlock/Mishtalk)
ib)And here are the first exit polls taken and Prime Minister Rutte is in a big lead and will get 31 seats. Wilder only 19 seats
( zerohedge)
ii)France
A commentary on the upcoming French elections
(courtesy Matt Purple/StrategicCultureFoundation)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
i)Turkey/Europe
The Turkish Foreign Minister tells the truth: The EU is falling apart
( zerohedge)
ii)Russia/USA
The USA dept of Justice is charging two Russian spies over the Yahoo breach 2 years ago. We do not know how justice will be served because there is no extradition treaty with Russia and there is no way that they will come willingly. The only way is if these two travel to a country with extradition and the country sends the two over to the uSA. One of the guys was named by Obama in December 2016 and sanctions was applied to him
( zero hedge)
6.GLOBAL ISSUES
i)The BIS is now very concerned with Canada’s widening debt to GDP. The BIS uses a credit to GDP and anything over 10% signals trouble and a recession/financial crisis will be upon them shortly. The huge influx of capital into housing by the Chinese has caused this indicator and it only spells trouble. Last week zero hedge comments that the country with the real banking crisis looming is Canada ahead of Italy and Greece
( Caleb McMillian/Mises/ca)
ii)All Canadian banks now admit lying to customers to boost sales
( zero hedge)
7. OIL ISSUES
Down goes West Texas intermediate oil as production surges. The all important Cushing OK refining sector saw a huge build since the first week of December
( zerohedge)
8. EMERGING MARKETS
9. PHYSICAL MARKETS
i)No evidence of manipulation..Keith Weiner is totally wrong and Chris Powell highlights this to you;
( Chris Powell.GATA)
ii0The following is true: the only way you are going to stop citizens of India from buying gold is to take away their cash
( Afonso/Bloomberg)
10.USA STORIES
A. Fed raises rates by 1/4%
B. Initial trading after the release
i)Surprisingly 2 hrs before the Fed’s rate hike, the Atlanta Fed lowered its estimate of first quarter GDP to only .9%
(courtesy zero hedge)
ii)Wow!! this is damaging to Monsanto. Unsealed court documents real that Monsanto colluded with the EPA on studies that the weedkiller Roundup does cause cancer and that the kooky conspiracy theories were correct. Monsanto did not do any independent studies to prove otherwise
( zero hedge)
iii)A great look at the Illinois Pension fund and how it is hugely underfunded. They are totally broke:
( Mish Shedlock/.Lucci)
iv)What absolute garbage: MSNBC hypes that it will reveal tax records on Trump. Meadows reveals 2005 taxes for Trump and he paid 38 million dollars on 150 million dollars he made and thus a 25% tax rate: better than Romney and Sanders and Obama.
( zero hedge)
v)Real earnings ( Earnings – inflation) tumbles for the second straight month. This is important to Yellen who needs to see real wage growth
(courtesy zero hedge)
vi)Goldman Sachs’ alumni taking over the White House as banker Donovan has the key deputy Treasurer position
( zerohedge)
vii)Homebuilders are now completely confident as Trump will ease the burden on permitting:
( zero hedge)
viii)Intelligence sources reveal how Obama was able to spy on Trump: he used British agents who have 24/7 access to the NSA data base. They would then forward the conversations over to Obama.
such crooks
( Mac Slavo.SHTFPlan.com)
ix) Tomorrow the Debt ceiling is re instated at 20.1 trillion. They have burned through $2. billion dollars per day. They will reach this level in a few days once their cash treasury account runs out. Carson Block agrees with Trump that they will not have enough votes to obtain a new debt ceiling as they need 237 votes and will get 207 votes as the Tea party members will vote against it.
( Carson Block/Bloomberg)
x)Throughout the past several weeks, I have been telling you the bricks and mortar operations in the uSA are in trouble especially malls. Department store sales did falter badly last month with today’s reading of 5.6% down year over year.
It seems that there is blood on the table and the bankers will be going after debt instruments on these malls.
( zero hedge)
xi)Retail sales falter:
( Bloomberg)
Let us head over to the comex:
The total gold comex open interest ROSE BY A TINY 150 CONTRACTS UP to an OI level of 426,170 WITH THE FALL IN THE PRICE OF GOLD ( $0.50 with YESTERDAY’S trading). We are probably only 33,000 contracts away from rock bottom (393,000). 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 LOSS of 5 contract(s) DOWN to 26. We had 0 contact(s) served YESTERDAY, so we LOST 5 CONTRACT(S) or AN ADDITIONAL 500 ounces will NOT stand for delivery. The next active contract month is April and here we saw it’s OI FALL by 9016 contracts DOWN TO 190,041 contracts.
For comparison purposes, the April 2016 contract at this time had an OI of 253,325 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 GAIN 125 contract(s) and thus its OI is 874 contracts. The next big active month is June and here the OI ROSE by 6826 contracts up to 144,104.
We had 0 notice(s) filed upon today for NIL oz
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And now for the wild silver comex results. Total silver OI FELL BY 1,683 contracts FROM 188,619 DOWN TO 186,936 WITH YESTERDAY’S TRADING. It sure seems that the hedge funds are now longer playing the game as they refuse to liquidate their silver longs on silver whacks, and not jumping in with vigour on the back of gold/silver rises.We are moving FURTHER FROM 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 241 contracts down to 876 contracts. We had 241 notices served upon yesterday so we neither lost nor gained any silver ounces (contracts) standing in this active delivery month of March.
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 gained 4 contract(s) to 994 contracts. The next active contract month is May and here the open interest lost 3264 contracts DOWN to 143,368 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 78 notice(s) filed for 390,000 oz for the MARCH 2017 contract.
VOLUMES: for the gold comex
Today the estimated volume was 185,989 contracts which is fair.
Yesterday’s confirmed volume was 220,210 contracts which is good
volumes on gold are getting higher!
INITIAL standings for MARCH
March 15/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
160.75 OZ
Manfra
5 kilobars
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
48,407.66 oz HSBC
No of oz served (contracts) today
0 notice(s)
NIL oz
No of oz to be served (notices)
26 contracts
2600 oz
Total monthly oz gold served (contracts) so far this month
59 notices
5900 oz
0.1835 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 51,839.3 oz
Today we HAD 1 kilobar transaction(s)/
Today we had 0 deposit(s) into the dealer:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 0 customer deposit(s):
total customer deposits; nil oz
We had 1 customer withdrawal(s)
i) Out of Manfra: 160.75 oz
(5 kilobars)
total customer withdrawal: 160.75 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 0 contract(s) of which 0 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.
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To calculate the initial total number of gold ounces standing for the MARCH. contract month, we take the total number of notices filed so far for the month (59) x 100 oz or 5900 oz, to which we add the difference between the open interest for the front month of MARCH (26 contracts) minus the number of notices served upon today (0) x 100 oz per contract equals 8500 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 (59) x 100 oz or ounces + {(26)OI for the front month minus the number of notices served upon today (0) x 100 oz which equals 8500 oz standing in this non active delivery month of MARCH (.2643 tonnes)
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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.
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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/ 18.734 tonnes
March: 0.2643 tonnes
total for the 15 months; 244.500 tonnes
average 16.300 tonnes per month vs last yr 61.82 tonnes total for 15 months or 4.12 tonnes average per month (last yr).
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Total dealer inventory 1,379,264.072 or 42.900 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,941,612.117 or 278.12 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.12 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 7 MONTHS 76 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE MARCH DELIVERY MONTH
MARCH INITIAL standings
March 15. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
1,998.85 oz
Delaware
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
6,255.358 oz
Delaware
No of oz served today (contracts)
78 CONTRACT(S)
(390,000 OZ)
No of oz to be served (notices)
798 contracts
(3,990,000 oz)
Total monthly oz silver served (contracts) 3070 contracts (15,350,000 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 3,388,168.1 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)Delaware: 1998.85 oz
TOTAL CUSTOMER WITHDRAWALS: 1998.85 oz
we had 1 customer deposit(s):
i) Into Delaware: 6,255.358 oz
***deposits into JPMorgan have now stopped.
total customer deposits; 6255.358 oz
we had 0 adjustment(s)
The total number of notices filed today for the MARCH. contract month is represented by 78 contract(s) for 390,000 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 3070 x 5,000 oz = 15,350,000 oz to which we add the difference between the open interest for the front month of MAR (876) and the number of notices served upon today (78) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the March contract month: 3070(notices served so far)x 5000 oz + OI for front month of Mar.( 876 ) -number of notices served upon today (78)x 5000 oz equals 19,340,000 oz of silver standing for the Mar contract month. This is now average for an active delivery month in silver. We neither lost nor gained any silver ounces standing for delivery.
Volumes: for silver comex
Today the estimated volume was 46,733 which is very good!!!
Yesterday’s confirmed volume was 55,197 contracts which is huge.
Let’s take today’s estimated volume of 55,197 contracts: that represents:275 million oz of silver or approx. 39% of annual global supply (ex Russia ex China)
Total dealer silver: 38.575 million (close to record low inventory
Total number of dealer and customer silver: 188.465 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 15/ANOTHER HUGE DEPOSIT OF 4.44 TONNES/inventory rests at 839.43 tonnes
March 14/strange they whack gold and yet the GLD adds 2.93 tonnes of gold./inventory rests at 834.99 tonnes
March 13/a deposit of 6.78 tonnes of gold into the GLD/Inventory rests at 832.03 tonnes
March 10/ a withdrawal of 4.886 tonnes from the GLD/Inventory rests at 830.25
this tonnage no doubt is off to Shanghai
March 9/a withdrawal of 2.67 tonnes from the GLD/Inventory rests at 834.10
March 8/no change in gold inventory at the GLD/inventory rests at 836.77 tones
march 7/a huge withdrawal of 3.81 tonnes from the GLD inventory/inventory rests at 836.77 tonnes
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
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March 15 /2017/ Inventory rests tonight at 839.43 tonnes
*IN LAST 110 TRADING DAYS: 106.45 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 55 TRADING DAYS: A NET 18.76 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: a net 44.19 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
March 15/no change in silver inventory/SLV inventory rests at 331.272 million oz
March 14/ a deposit of 1.136 million oz of inventory into the SLV/Inventory rests at 331.272 million oz
March 13/no change in silver inventory at the SLV/Inventory rests at 330.136 million oz.
March 10/no change in silver inventory at the SLV/Inventory rests at 330.136 million oz/
March 9/another big withdrawal of 1.137 million oz from the SLV/Inventory rests at 330.136 million oz/
March 8/a big change; a withdrawal of 1.515 million oz from the SLV/Inventory rests at 331.273 million oz/
march 7/no change in inventory at the SLV/Inventory rest at 332.788 million oz/
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
March 15.2017: Inventory 331.272 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 4.1 percent to NAV usa funds and Negative 5.0% to NAV for Cdn funds!!!!
Percentage of fund in gold 60.9%
Percentage of fund in silver:38.9%
cash .+0.2%( Mar 15/2017)
2. Sprott silver fund (PSLV): Premium RISES to -.20%!!!! NAV (Mar 15/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES to + 0.33% to NAV ( Mar 15/2017)
Note: Sprott silver trust back into NEGATIVE territory at -0.20% /Sprott physical gold trust is back into POSITIVE territory at +0.33%/Central fund of Canada’s is still in jail but being rescued by Sprott.
Sprott’s hostile 3.1 billion bid to take over Central Fund of Canada
http://www.silverdoctors.com/gold/gold-news/dollar-dumped-gold-and-silver-prices-spike-harvey-organ/
MMgys
Good Morning Momo Music
Dollar DUMPED On Fed Rate Hike! – Harvey Organ
Posted on March 15, 2017 by The Doc
GOLD AND SILVER RISE AS THEY DUMP THE DOLLAR ON THE FED RATE HIKE
GLD GAINS ANOTHER 4.44 TONNES OF INVENTORY!!/SLV: NO GAIN IN INVENTORY/GOLD GAINS OVER 20 DOLLARS IN ACCESS MARKET ON FED RATE HIKE/SILVER GAINS 44 CENTS/COMMODITIES RISE, GOLD AND SILVER RISE AS THEY DUMP THE DOLLAR ON THE FED RATE HIKE/PRIME MINISTER RUTTE, THE EASY VICTOR IN EARLY EXIT POLLS
Gold: $1200.10 DOWN $1.80
Silver: $16.88 DOWN 1 cent
Closing access prices:
Gold $1220.00
silver: $17.34
SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
SHANGHAI FIRST GOLD FIX: 1219.31 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1201.10
PREMIUM FIRST FIX: $18.21
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SECOND SHANGHAI GOLD FIX: 1221.37
NY GOLD PRICE AT THE EXACT SAME TIME: 1205.25
Premium of Shanghai 2nd fix/NY:$16.12
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LONDON FIRST GOLD FIX: 5:30 am est 1202.25
NY PRICING AT THE EXACT SAME TIME: 1203.60
LONDON SECOND GOLD FIX 10 AM: 1198.80
NY PRICING AT THE EXACT SAME TIME. 1200.00
For comex gold:
MARCH/
NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ. TOTAL NOTICES SO FAR: 59 FOR 5900 OZ (0.1835 TONNES)
For silver:
For silver: MARCH
78 NOTICES FILED TODAY FOR 390,000 OZ/
Total number of notices filed so far this month: 3070 for 15,350,000
As I indicated to you yesterday, March 15 would be a very interesting day and indeed it was. Gold and silver both skyrocket once Yellen announces her 1/4% rise. Also the GLD added another 4.44 tonnes of gold to its inventory. Physical gold is in quite demand! The debt ceiling was reached today and tomorrow the clowns start borrowing from trust funds. By Memorial day, they will no doubt run out of money. They need 60% of the House Republican votes to pass the debt ceiling. The hard line tea party members will give the Trump administration heart palpitations as they may refuse to extend the debt ceiling.
Let us have a look at the data for today
.
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In silver, the total open interest FELL by 1683 contracts DOWN to 186,936 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.935 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 78 NOTICE(S) FOR 390,000 OZ OF SILVER
In gold, the total comex gold ROSE BY A TINY 150 contracts EVEN WITH THE FALL IN THE PRICE OF GOLD ($0.50 with YESTERDAY’S TRADING) The total gold OI stands at 426,170 contracts.
we had 0 notice(s) filed upon for NIL oz of gold.
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With respect to our two criminal funds, the GLD and the SLV:
GLD:
We had a big change in tonnes of gold at the GLD: this time another huge deposit of 4.44 tonnes
Inventory rests tonight: 839.43 tonnes
.
SLV
We had no changes in inventory at the SLV/
THE SLV Inventory rests at: 331.272 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 1,683 contracts DOWN to 186,936 AS SILVER WAS DOWN 4 CENTS with YESTERDAY’S trading. The gold open interest ROSE BY A TINY 150 contracts UP to 426,170 DESPITE THE FALL IN THE PRICE OF GOLD OF $0.50 (YESTERDAY’S TRADING).
(report Harvey
.
2.a) The Shanghai and London gold fix report
(Harvey)
2 b) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)Late TUESDAY night/WEDNESDAY morning: Shanghai closed UP 2.43 POINTS OR .08%/ /Hang Sang CLOSED DOWN 35.10POINTS OR 0.15% . The Nikkei closed DOWN 32.12 POINTS OR 0.16% /Australia’s all ordinaires CLOSED UP 0.27%/Chinese yuan (ONSHORE) closed UP at 6.9121/Oil ROSE to 48.73 dollars per barrel for WTI and 51.84 for Brent. Stocks in Europe ALL IN THE GREEN EXCEPT GERMAN DAX ..Offshore yuan trades 6.8903 yuan to the dollar vs 6.9121 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS CONSIDERABLY/ ONSHORE YUAN STRONGER AS IS THE OFFSHORE YUAN AND THIS IS COUPLED WITH THE SLIGHTLY WEAKER DOLLAR. CHINA SENDS A MESSAGE TO THE USA NOT TO RAISE RATES
3a)THAILAND/SOUTH KOREA/NORTH KOREA
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
i)The Netherlands
Here is a great outline as we watch the important Dutch election today:
(courtesy Mish Shedlock/Mishtalk)
ib)And here are the first exit polls taken and Prime Minister Rutte is in a big lead and will get 31 seats. Wilder only 19 seats
( zerohedge)
ii)France
A commentary on the upcoming French elections
(courtesy Matt Purple/StrategicCultureFoundation)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
i)Turkey/Europe
The Turkish Foreign Minister tells the truth: The EU is falling apart
( zerohedge)
ii)Russia/USA
The USA dept of Justice is charging two Russian spies over the Yahoo breach 2 years ago. We do not know how justice will be served because there is no extradition treaty with Russia and there is no way that they will come willingly. The only way is if these two travel to a country with extradition and the country sends the two over to the uSA. One of the guys was named by Obama in December 2016 and sanctions was applied to him
( zero hedge)
6.GLOBAL ISSUES
i)The BIS is now very concerned with Canada’s widening debt to GDP. The BIS uses a credit to GDP and anything over 10% signals trouble and a recession/financial crisis will be upon them shortly. The huge influx of capital into housing by the Chinese has caused this indicator and it only spells trouble. Last week zero hedge comments that the country with the real banking crisis looming is Canada ahead of Italy and Greece
( Caleb McMillian/Mises/ca)
ii)All Canadian banks now admit lying to customers to boost sales
( zero hedge)
7. OIL ISSUES
Down goes West Texas intermediate oil as production surges. The all important Cushing OK refining sector saw a huge build since the first week of December
( zerohedge)
8. EMERGING MARKETS
9. PHYSICAL MARKETS
i)No evidence of manipulation..Keith Weiner is totally wrong and Chris Powell highlights this to you;
( Chris Powell.GATA)
ii0The following is true: the only way you are going to stop citizens of India from buying gold is to take away their cash
( Afonso/Bloomberg)
10.USA STORIES
A. Fed raises rates by 1/4%
B. Initial trading after the release
i)Surprisingly 2 hrs before the Fed’s rate hike, the Atlanta Fed lowered its estimate of first quarter GDP to only .9%
(courtesy zero hedge)
ii)Wow!! this is damaging to Monsanto. Unsealed court documents real that Monsanto colluded with the EPA on studies that the weedkiller Roundup does cause cancer and that the kooky conspiracy theories were correct. Monsanto did not do any independent studies to prove otherwise
( zero hedge)
iii)A great look at the Illinois Pension fund and how it is hugely underfunded. They are totally broke:
( Mish Shedlock/.Lucci)
iv)What absolute garbage: MSNBC hypes that it will reveal tax records on Trump. Meadows reveals 2005 taxes for Trump and he paid 38 million dollars on 150 million dollars he made and thus a 25% tax rate: better than Romney and Sanders and Obama.
( zero hedge)
v)Real earnings ( Earnings – inflation) tumbles for the second straight month. This is important to Yellen who needs to see real wage growth
(courtesy zero hedge)
vi)Goldman Sachs’ alumni taking over the White House as banker Donovan has the key deputy Treasurer position
( zerohedge)
vii)Homebuilders are now completely confident as Trump will ease the burden on permitting:
( zero hedge)
viii)Intelligence sources reveal how Obama was able to spy on Trump: he used British agents who have 24/7 access to the NSA data base. They would then forward the conversations over to Obama.
such crooks
( Mac Slavo.SHTFPlan.com)
ix) Tomorrow the Debt ceiling is re instated at 20.1 trillion. They have burned through $2. billion dollars per day. They will reach this level in a few days once their cash treasury account runs out. Carson Block agrees with Trump that they will not have enough votes to obtain a new debt ceiling as they need 237 votes and will get 207 votes as the Tea party members will vote against it.
( Carson Block/Bloomberg)
x)Throughout the past several weeks, I have been telling you the bricks and mortar operations in the uSA are in trouble especially malls. Department store sales did falter badly last month with today’s reading of 5.6% down year over year.
It seems that there is blood on the table and the bankers will be going after debt instruments on these malls.
( zero hedge)
xi)Retail sales falter:
( Bloomberg)
Let us head over to the comex:
The total gold comex open interest ROSE BY A TINY 150 CONTRACTS UP to an OI level of 426,170 WITH THE FALL IN THE PRICE OF GOLD ( $0.50 with YESTERDAY’S trading). We are probably only 33,000 contracts away from rock bottom (393,000). 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 LOSS of 5 contract(s) DOWN to 26. We had 0 contact(s) served YESTERDAY, so we LOST 5 CONTRACT(S) or AN ADDITIONAL 500 ounces will NOT stand for delivery. The next active contract month is April and here we saw it’s OI FALL by 9016 contracts DOWN TO 190,041 contracts.
For comparison purposes, the April 2016 contract at this time had an OI of 253,325 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 GAIN 125 contract(s) and thus its OI is 874 contracts. The next big active month is June and here the OI ROSE by 6826 contracts up to 144,104.
We had 0 notice(s) filed upon today for NIL oz
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And now for the wild silver comex results. Total silver OI FELL BY 1,683 contracts FROM 188,619 DOWN TO 186,936 WITH YESTERDAY’S TRADING. It sure seems that the hedge funds are now longer playing the game as they refuse to liquidate their silver longs on silver whacks, and not jumping in with vigour on the back of gold/silver rises.We are moving FURTHER FROM 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 241 contracts down to 876 contracts. We had 241 notices served upon yesterday so we neither lost nor gained any silver ounces (contracts) standing in this active delivery month of March.
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 gained 4 contract(s) to 994 contracts. The next active contract month is May and here the open interest lost 3264 contracts DOWN to 143,368 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 78 notice(s) filed for 390,000 oz for the MARCH 2017 contract.
VOLUMES: for the gold comex
Today the estimated volume was 185,989 contracts which is fair.
Yesterday’s confirmed volume was 220,210 contracts which is good
volumes on gold are getting higher!
INITIAL standings for MARCH
March 15/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
160.75 OZ
Manfra
5 kilobars
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
48,407.66 oz HSBC
No of oz served (contracts) today
0 notice(s)
NIL oz
No of oz to be served (notices)
26 contracts
2600 oz
Total monthly oz gold served (contracts) so far this month
59 notices
5900 oz
0.1835 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 51,839.3 oz
Today we HAD 1 kilobar transaction(s)/
Today we had 0 deposit(s) into the dealer:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 0 customer deposit(s):
total customer deposits; nil oz
We had 1 customer withdrawal(s)
i) Out of Manfra: 160.75 oz
(5 kilobars)
total customer withdrawal: 160.75 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 0 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 (59) x 100 oz or 5900 oz, to which we add the difference between the open interest for the front month of MARCH (26 contracts) minus the number of notices served upon today (0) x 100 oz per contract equals 8500 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 (59) x 100 oz or ounces + {(26)OI for the front month minus the number of notices served upon today (0) x 100 oz which equals 8500 oz standing in this non active delivery month of MARCH (.2643 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: 0.2643 tonnes
total for the 15 months; 244.500 tonnes
average 16.300 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 1,379,264.072 or 42.900 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,941,612.117 or 278.12 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.12 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 7 MONTHS 76 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE MARCH DELIVERY MONTH
MARCH INITIAL standings
March 15. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
1,998.85 oz
Delaware
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
6,255.358 oz
Delaware
No of oz served today (contracts)
78 CONTRACT(S)
(390,000 OZ)
No of oz to be served (notices)
798 contracts
(3,990,000 oz)
Total monthly oz silver served (contracts) 3070 contracts (15,350,000 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 3,388,168.1 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)Delaware: 1998.85 oz
TOTAL CUSTOMER WITHDRAWALS: 1998.85 oz
we had 1 customer deposit(s):
i) Into Delaware: 6,255.358 oz
***deposits into JPMorgan have now stopped.
total customer deposits; 6255.358 oz
we had 0 adjustment(s)
The total number of notices filed today for the MARCH. contract month is represented by 78 contract(s) for 390,000 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 3070 x 5,000 oz = 15,350,000 oz to which we add the difference between the open interest for the front month of MAR (876) and the number of notices served upon today (78) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the March contract month: 3070(notices served so far)x 5000 oz + OI for front month of Mar.( 876 ) -number of notices served upon today (78)x 5000 oz equals 19,340,000 oz of silver standing for the Mar contract month. This is now average for an active delivery month in silver. We neither lost nor gained any silver ounces standing for delivery.
Volumes: for silver comex
Today the estimated volume was 46,733 which is very good!!!
Yesterday’s confirmed volume was 55,197 contracts which is huge.
Let’s take today’s estimated volume of 55,197 contracts: that represents:275 million oz of silver or approx. 39% of annual global supply (ex Russia ex China)
Total dealer silver: 38.575 million (close to record low inventory
Total number of dealer and customer silver: 188.465 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 15/ANOTHER HUGE DEPOSIT OF 4.44 TONNES/inventory rests at 839.43 tonnes
March 14/strange they whack gold and yet the GLD adds 2.93 tonnes of gold./inventory rests at 834.99 tonnes
March 13/a deposit of 6.78 tonnes of gold into the GLD/Inventory rests at 832.03 tonnes
March 10/ a withdrawal of 4.886 tonnes from the GLD/Inventory rests at 830.25
this tonnage no doubt is off to Shanghai
March 9/a withdrawal of 2.67 tonnes from the GLD/Inventory rests at 834.10
March 8/no change in gold inventory at the GLD/inventory rests at 836.77 tones
march 7/a huge withdrawal of 3.81 tonnes from the GLD inventory/inventory rests at 836.77 tonnes
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
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
March 15 /2017/ Inventory rests tonight at 839.43 tonnes
*IN LAST 110 TRADING DAYS: 106.45 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 55 TRADING DAYS: A NET 18.76 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: a net 44.19 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
March 15/no change in silver inventory/SLV inventory rests at 331.272 million oz
March 14/ a deposit of 1.136 million oz of inventory into the SLV/Inventory rests at 331.272 million oz
March 13/no change in silver inventory at the SLV/Inventory rests at 330.136 million oz.
March 10/no change in silver inventory at the SLV/Inventory rests at 330.136 million oz/
March 9/another big withdrawal of 1.137 million oz from the SLV/Inventory rests at 330.136 million oz/
March 8/a big change; a withdrawal of 1.515 million oz from the SLV/Inventory rests at 331.273 million oz/
march 7/no change in inventory at the SLV/Inventory rest at 332.788 million oz/
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
March 15.2017: Inventory 331.272 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 4.1 percent to NAV usa funds and Negative 5.0% to NAV for Cdn funds!!!!
Percentage of fund in gold 60.9%
Percentage of fund in silver:38.9%
cash .+0.2%( Mar 15/2017)
2. Sprott silver fund (PSLV): Premium RISES to -.20%!!!! NAV (Mar 15/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES to + 0.33% to NAV ( Mar 15/2017)
Note: Sprott silver trust back into NEGATIVE territory at -0.20% /Sprott physical gold trust is back into POSITIVE territory at +0.33%/Central fund of Canada’s is still in jail but being rescued by Sprott.
Sprott’s hostile 3.1 billion bid to take over Central Fund of Canada
http://www.silverdoctors.com/gold/gold-news/dollar-dumped-gold-and-silver-prices-spike-harvey-organ/
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