Friday, March 24, 2017 1:25:54 AM
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Raid Fails, Gold & Silver SHOOT UP! – Harvey Organ
Posted on March 22, 2017 by The Doc
GOLD SHOOTS UP $12.50 DESPITE THE RAID ATTEMPT, SILVER BREAKS THROUGH CRITICAL RESISTANCE…
GOLD SHOOTS UP $12.50 DESPITE THE RAID ATTEMPT/SILVER ALSO RISES 15 CENTS/THE GLD ADDS 4.15 TONNES/THE TRUMPCARE BILL LOOKS LIKE IT IS IN TROUBLE AS THEY DO NOT HAVE ENOUGH VOTES/DOW FALTERS BY 238 POINTS/NASDAQ ALSO PLUMMETS BY 103 POINTS/ MADMAN KIM THREATENS USA WITH A FIRST STRIKE ICBM
Gold: $1246.10 UP $12.50
Silver: $17.55 UP 15 cents
Closing access prices:
Gold $1245.00
silver: $17.55
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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: 1242.36 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1229.35
PREMIUM FIRST FIX: $13.01
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SECOND SHANGHAI GOLD FIX: 1245.73
NY GOLD PRICE AT THE EXACT SAME TIME: 1229.50
Premium of Shanghai 2nd fix/NY:$16.23
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LONDON FIRST GOLD FIX: 5:30 am est 1232.05
NY PRICING AT THE EXACT SAME TIME: 1231.25
LONDON SECOND GOLD FIX 10 AM: 1241.60
NY PRICING AT THE EXACT SAME TIME. 1241.60
For comex gold:
MARCH/
NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 0 NOTICE(S) FOR NIL OZ. TOTAL NOTICES SO FAR: 72 FOR 7200 OZ (0.2239 TONNES)
For silver:
For silver: MARCH
118 NOTICES FILED TODAY FOR 590,000 OZ/
Total number of notices filed so far this month: 3418 for 17,090,000 oz
Today caught the bankers totally offside as they were in the process of raiding gold and silver throughout the night. Unbeknownst to them there would be trouble in the USA House getting the Trumpcare bill passed. The estimated volume today was 313,000 contracts for the gold comex and you can probably add another 100,000 for the final as they add the previous access market for their final calculations which will be published tomorrow. I will be very interested to see the preliminary and final open interest for both gold and silver of which I will report to you
Let us have a look at the data for today
.
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In silver, the total open interest ROSE BY 546 contracts UP to 187,069 with the RISE IN PRICE ( 2 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.936 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 118 NOTICE(S) FOR 590,000 OZ OF SILVER
In gold, the total comex gold also ROSE BY 1096 contracts WITH THE RISE IN THE PRICE OF GOLD ($3.80 with YESTERDAY’S TRADING). The total gold OI stands at 430,386 contracts.
we had 0 notice(s) filed upon for NIL oz of gold.
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With respect to the GLD and the SLV:
GLD:
We had a huge change in tonnes of gold at the GLD: a deposit of 4.15 tonnes
Inventory rests tonight: 834.40 tonnes
.
SLV
We had no changes in inventory at the SLV/
THE SLV Inventory rests at: 332.504 million oz
CONTRAST THE GLD INVENTORY LOSS WITH THE SLV SILVER INVENTORY GAIN!!
end
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE BY 546 contracts UP TO to 187,069 AS SILVER WAS UP 2 CENT(S) with YESTERDAY’S trading. The gold open interest ROSE BY 1,096 contracts UP to 430,386 WITH THE RISE IN THE PRICE OF GOLD OF $3.80 (YESTERDAY’S TRADING).
(report Harvey
.
2.a) The Shanghai and London gold fix report
(Harvey)
2 b) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)Late MONDAY night/TUESDAY morning: Shanghai closed UP 10.80 POINTS OR .33%/ /Hang Sang CLOSED UP 91.13 POINTS OR 0.37% . The Nikkei closed down 65.71 .34% /Australia’s all ordinaires CLOSED DOWN 0.03%/Chinese yuan (ONSHORE) closed DOWN at 6.8890/Oil rose to 49.32 dollars per barrel for WTI and 51.99 for Brent. Stocks in Europe ALL IN THE GREEN EXCEPT LONDON ..Offshore yuan trades 6.87743 yuan to the dollar vs 6.8890 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS CONSIDERABLY AGAIN/ ONSHORE YUAN STRONGER AS IS THE OFFSHORE YUAN AND THIS IS COUPLED WITH THE HUGELY WEAKER DOLLAR. CHINA SENDS HER DISPLEASURE SIGNAL TO WASHINGTON
3a)THAILAND/SOUTH KOREA/NORTH KOREA
i)NORTH KOREA
This must give you a very warm and fuzzy feeling: North Korea reveals a propaganda video of them blowing up a USA aircraft
( zerohedge)
ii)Ladies and gentlemen: Kim is a madman and must be taken out:
he threatens the USA with a “first strike” nuclear iCBM
( zero hedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
This is interesting: the German Federal Auditor group is calling for an audit of the ECB as they need more supervision
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
6.GLOBAL ISSUES
7. OIL ISSUES
i)This is how OPEC lost the battle against the shale boys as our American friends learned how to lower their cost curve and break even points;
( zero hedge)
ii)Russia mentions production cut ( of which it does not mean) and up goes oil and then it fails
( zerohedge)
iii)API reports bigger and expected crude and a much bigger buildup at Cushing. However gasoline did have a drawdown. Oil initially rose and then plummeted on the news:
( zero hedge)
8. EMERGING MARKETS
Venezuela stops publishing money supply data. Who would have thought that they could do such a horrible act?
(courtesy zero hedge)
9. PHYSICAL MARKETS
i)Although the West slowed their appetite for gold and silver, China and Russia did not. In Feb the withdrawals (equals demand) at the Shanghai Gold Exchange showed 179 tonnes. If we extrapolate that demand for the coming year we would obtain a demand equal to 2200 tonnes or greater. China is back in demand for gold in a big way:
( Steve St Angelo/SRSRocco report)
ii)As many of you know, I am not a fan of technical analysis especially with manipulation occurring continually on the paper gold and silver markets. However very long term charts are quite intriguing as it is does give meaningful direction for these markets;
( Kingworldnews/James Turk)
10.USA STORIES
i)Early trading
ii)Then this: bank shares plummet, gold rises bond yields rise (bond prices fall) as Trumpcare vote is now in doubt:
( zerohedge)
iii)Then: liquidity collapses! as stocks tumble!!
(zero hedge)
iv)The GOP unveils changes to the Health bill but it looks like it is not enough. A failure on Thursday will be devastating to the House. Even if it does pass, it will not pass the Senate
( zero hedge)
v)Trump issues a threat to Freedom Caucus member of the Republican House who still will vote no to the bill( zerohedge)
vi)Somehow the current account deficit beats by a huge 8 standard deviations and it shrinks to only 112 billion. This would be a positive to revisions to 4th quarter GDP
( zero hedge)
vii)And now the truth behind Trump’s skiiny budget and why everything will fail:
( David Stockman/Daily Reckoning/ContraCorner)
viii) Meet the 26 holdouts to the Trumpcare bill
( zero hedge)
Let us head over to the comex:
The total gold comex open interest ROSE BY 1096 CONTRACTS UP to an OI level of 430,386 WITH THE RISE IN THE PRICE OF GOLD ( $3.80 with YESTERDAY’S trading). WE PROBABLY AGAIN HAD SOME MORE SHORT COVERING BY THE BANKERS. 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 15 contract(s) DOWN to 17. We had 13 contact(s) served ON FRIDAY, so we LOST 2 CONTRACT(S) or AN ADDITIONAL 200 ounces will NOT stand for delivery. The next active contract month is April and here we saw it’s OI LOST 7335 contracts DOWN TO 172,575 contracts.
For comparison purposes, the April 2016 contract at this time had an OI of 237,867 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 GAINED 136 contract(s) and thus its OI is 1088 contracts. The next big active month is June and here the OI ROSE by 7,261 contracts up to 161,531.
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 ROSE BY 546 contracts FROM 186,523 UP TO 187,069 WITH YESTERDAY’S 2 CENT GAIN. AGAIN WE MUST HAVE HAD SOME BANK SHORT COVERING. 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 4 contracts down to 549 contracts. We had 0 notices served upon yesterday so we LOST 4 CONTRACTS OR AN ADDITIONAL 20,000 OZ WILL NOT STAND 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 6 contract(s) to 1009 contracts. The next active contract month is May and here the open interest GAINED 445 contracts UP to 140,706 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 118 notice(s) filed for 590,000 oz for the MARCH 2017 contract.
VOLUMES: for the gold comex
Today the estimated volume was 313,387 contracts which is very good.
Yesterday’s confirmed volume was 145,762 contracts which is very poor
volumes on gold are getting higher!
INITIAL standings for MARCH
March 21/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
nil OZ
MMgys
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
32,976.96 oz
HSBC
No of oz served (contracts) today
0 notice(s)
NIL oz
No of oz to be served (notices)
17 contracts
1700 oz
Total monthly oz gold served (contracts) so far this month
72 notices
7200 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 57,961.1 oz
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 1 customer deposit(s):
i) Into HSBC: 32,076.96 oz
total customer deposits; 32,076.06 oz
We had 0 customer withdrawal(s)
total customer withdrawal: nil oz
We had 1 adjustment(s)
i) out of Scotia: 64,046.25 oz was adjusted out of the dealer and into the customer account of Scotia
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 (72) x 100 oz or 7200 oz, to which we add the difference between the open interest for the front month of MARCH (17 contracts) minus the number of notices served upon today (0) x 100 oz per contract equals 8900 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 (72) x 100 oz or ounces + {(17)OI for the front month minus the number of notices served upon today (0) x 100 oz which equals 8900 oz standing in this non active delivery month of MARCH (.2768 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: 0.2839 tonnes
total for the 15 months; 244.509 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 1,316,517.772 or 40.950 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,968,867.200 or 278.969 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.969 tonnes for a loss of 24 tonnes over that period. Since August 8/2016 we have lost 75 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 8 MONTHS 75 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE MARCH DELIVERY MONTH
MARCH INITIAL standings
March 21. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
181,774.05 oz
Brinks
Scotia
Deposits to the Dealer Inventory
531,570.75 oz
CNT
Deposits to the Customer Inventory
667,044.965 oz
CNT
JPM
No of oz served today (contracts)
118 CONTRACT(S)
(590,000 OZ)
No of oz to be served (notices)
431 contracts
(2,155,000 oz)
Total monthly oz silver served (contracts) 3418 contracts (17,090,000 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 3,744,030.1 oz
today, we had 0 deposit(s) into the dealer account:
i) Into CNT: 531,570.75 oz
total dealer deposit: 531,570.75 oz
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 2 customer withdrawal(s):
i) Into Brinks: 962.10 oz
ii) Out of Scotia: 180,811.950 oz
TOTAL CUSTOMER WITHDRAWALS: 181,774.05 oz
we had 2 customer deposit(s):
i) Into CNT: 67,979.97 oz
ii) Into JPMorgan: 599,064.990 oz
***deposits into JPMorgan have now resumed.
total customer deposits; 667,044.965 oz
we had 0 adjustment(s)
The total number of notices filed today for the MARCH. contract month is represented by 118 contract(s) for 590,000 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 3418 x 5,000 oz = 17,090,000 oz to which we add the difference between the open interest for the front month of MAR (549) and the number of notices served upon today (118) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the March contract month: 3418(notices served so far)x 5000 oz + OI for front month of Mar.( 549 ) -number of notices served upon today (118)x 5000 oz equals 19,245,000 oz of silver standing for the Mar contract month. This is now average for an active delivery month in silver. We LOST 4 contracts or additional 20,000 oz will not stand for delivery.
Volumes: for silver comex
Today the estimated volume was 60,036 which is huge!!!
Yesterday’s confirmed volume was 30,648 contracts which is fair.
Total dealer silver: 39.333 million (close to record low inventory
Total number of dealer and customer silver: 189.282 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 21/a deposit of 4.15 tonnes of gold into the GLD/Inventory rests at 834.40 tonnes
March 20/WE HAD A MASSIVE 6.81 TONNE WITHDRAWAL FROM THE GLD/INVENTORY RESTS AT 830.25 TONNES/THIS GOLD MUST BE ON ITS WAY TO SHANGHAI. WITH GOLD RISING THESE PAST FEW DAYS, IT MAYS NO SENSE WHATSOEVER ON GOLD LIQUIDATION.
March 17/a huge withdrawal of 2.37 tonnes from the GLD/Inventory rests at 837.06 tonnes
March 16/no changes in gold inventory at the GLD/Inventory rests at 839.43 tonnes
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 21 /2017/ Inventory rests tonight at 834.40 tonnes
*IN LAST 113 TRADING DAYS: 113.70 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 58 TRADING DAYS: A NET 13.73 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 39.16 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
March 21/no change in inventory at the SLV/Inventory rests at 332.272 million oz/
March 20/a gain of 1.232 million oz of silver into the SLV/inventory rests at 332.272 million oz/
March 17/no change in silver inventory/SLV inventory rests at 331.272 million oz
March 16/no changes in silver inventory/SLV inventory rests at 331.272 million oz
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 21.2017: Inventory 332.504 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 5.0 percent to NAV usa funds and Negative 4.8% to NAV for Cdn funds!!!!
Percentage of fund in gold 61.2%
Percentage of fund in silver:38.6%
cash .+0.1%( Mar 21/2017)
2. Sprott silver fund (PSLV): Premium RISES to +07%!!!! NAV (Mar 21/2017)
3. Sprott gold fund (PHYS): premium to NAV rises to + 0.29% to NAV ( Mar 21/2017)
Note: Sprott silver trust back into NEGATIVE territory at +07% /Sprott physical gold trust is back into POSITIVE territory at +0.29%/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/silver/silver-news/raid-fails-gold-silver-shoot-up-harvey-organ/#more-77267
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Thank You Harvey & Doc Always Good Stuff
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_-GYS-_Late_Night-_MOLLY HATCHET - Dreams I'll Never See / Flirtin' With Disaster
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Raid Fails, Gold & Silver SHOOT UP! – Harvey Organ
Posted on March 22, 2017 by The Doc
GOLD SHOOTS UP $12.50 DESPITE THE RAID ATTEMPT, SILVER BREAKS THROUGH CRITICAL RESISTANCE…
GOLD SHOOTS UP $12.50 DESPITE THE RAID ATTEMPT/SILVER ALSO RISES 15 CENTS/THE GLD ADDS 4.15 TONNES/THE TRUMPCARE BILL LOOKS LIKE IT IS IN TROUBLE AS THEY DO NOT HAVE ENOUGH VOTES/DOW FALTERS BY 238 POINTS/NASDAQ ALSO PLUMMETS BY 103 POINTS/ MADMAN KIM THREATENS USA WITH A FIRST STRIKE ICBM
Gold: $1246.10 UP $12.50
Silver: $17.55 UP 15 cents
Closing access prices:
Gold $1245.00
silver: $17.55
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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: 1242.36 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1229.35
PREMIUM FIRST FIX: $13.01
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SECOND SHANGHAI GOLD FIX: 1245.73
NY GOLD PRICE AT THE EXACT SAME TIME: 1229.50
Premium of Shanghai 2nd fix/NY:$16.23
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LONDON FIRST GOLD FIX: 5:30 am est 1232.05
NY PRICING AT THE EXACT SAME TIME: 1231.25
LONDON SECOND GOLD FIX 10 AM: 1241.60
NY PRICING AT THE EXACT SAME TIME. 1241.60
For comex gold:
MARCH/
NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 0 NOTICE(S) FOR NIL OZ. TOTAL NOTICES SO FAR: 72 FOR 7200 OZ (0.2239 TONNES)
For silver:
For silver: MARCH
118 NOTICES FILED TODAY FOR 590,000 OZ/
Total number of notices filed so far this month: 3418 for 17,090,000 oz
Today caught the bankers totally offside as they were in the process of raiding gold and silver throughout the night. Unbeknownst to them there would be trouble in the USA House getting the Trumpcare bill passed. The estimated volume today was 313,000 contracts for the gold comex and you can probably add another 100,000 for the final as they add the previous access market for their final calculations which will be published tomorrow. I will be very interested to see the preliminary and final open interest for both gold and silver of which I will report to you
Let us have a look at the data for today
.
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In silver, the total open interest ROSE BY 546 contracts UP to 187,069 with the RISE IN PRICE ( 2 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.936 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 118 NOTICE(S) FOR 590,000 OZ OF SILVER
In gold, the total comex gold also ROSE BY 1096 contracts WITH THE RISE IN THE PRICE OF GOLD ($3.80 with YESTERDAY’S TRADING). The total gold OI stands at 430,386 contracts.
we had 0 notice(s) filed upon for NIL oz of gold.
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With respect to the GLD and the SLV:
GLD:
We had a huge change in tonnes of gold at the GLD: a deposit of 4.15 tonnes
Inventory rests tonight: 834.40 tonnes
.
SLV
We had no changes in inventory at the SLV/
THE SLV Inventory rests at: 332.504 million oz
CONTRAST THE GLD INVENTORY LOSS WITH THE SLV SILVER INVENTORY GAIN!!
end
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE BY 546 contracts UP TO to 187,069 AS SILVER WAS UP 2 CENT(S) with YESTERDAY’S trading. The gold open interest ROSE BY 1,096 contracts UP to 430,386 WITH THE RISE IN THE PRICE OF GOLD OF $3.80 (YESTERDAY’S TRADING).
(report Harvey
.
2.a) The Shanghai and London gold fix report
(Harvey)
2 b) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)Late MONDAY night/TUESDAY morning: Shanghai closed UP 10.80 POINTS OR .33%/ /Hang Sang CLOSED UP 91.13 POINTS OR 0.37% . The Nikkei closed down 65.71 .34% /Australia’s all ordinaires CLOSED DOWN 0.03%/Chinese yuan (ONSHORE) closed DOWN at 6.8890/Oil rose to 49.32 dollars per barrel for WTI and 51.99 for Brent. Stocks in Europe ALL IN THE GREEN EXCEPT LONDON ..Offshore yuan trades 6.87743 yuan to the dollar vs 6.8890 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS CONSIDERABLY AGAIN/ ONSHORE YUAN STRONGER AS IS THE OFFSHORE YUAN AND THIS IS COUPLED WITH THE HUGELY WEAKER DOLLAR. CHINA SENDS HER DISPLEASURE SIGNAL TO WASHINGTON
3a)THAILAND/SOUTH KOREA/NORTH KOREA
i)NORTH KOREA
This must give you a very warm and fuzzy feeling: North Korea reveals a propaganda video of them blowing up a USA aircraft
( zerohedge)
ii)Ladies and gentlemen: Kim is a madman and must be taken out:
he threatens the USA with a “first strike” nuclear iCBM
( zero hedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
This is interesting: the German Federal Auditor group is calling for an audit of the ECB as they need more supervision
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
6.GLOBAL ISSUES
7. OIL ISSUES
i)This is how OPEC lost the battle against the shale boys as our American friends learned how to lower their cost curve and break even points;
( zero hedge)
ii)Russia mentions production cut ( of which it does not mean) and up goes oil and then it fails
( zerohedge)
iii)API reports bigger and expected crude and a much bigger buildup at Cushing. However gasoline did have a drawdown. Oil initially rose and then plummeted on the news:
( zero hedge)
8. EMERGING MARKETS
Venezuela stops publishing money supply data. Who would have thought that they could do such a horrible act?
(courtesy zero hedge)
9. PHYSICAL MARKETS
i)Although the West slowed their appetite for gold and silver, China and Russia did not. In Feb the withdrawals (equals demand) at the Shanghai Gold Exchange showed 179 tonnes. If we extrapolate that demand for the coming year we would obtain a demand equal to 2200 tonnes or greater. China is back in demand for gold in a big way:
( Steve St Angelo/SRSRocco report)
ii)As many of you know, I am not a fan of technical analysis especially with manipulation occurring continually on the paper gold and silver markets. However very long term charts are quite intriguing as it is does give meaningful direction for these markets;
( Kingworldnews/James Turk)
10.USA STORIES
i)Early trading
ii)Then this: bank shares plummet, gold rises bond yields rise (bond prices fall) as Trumpcare vote is now in doubt:
( zerohedge)
iii)Then: liquidity collapses! as stocks tumble!!
(zero hedge)
iv)The GOP unveils changes to the Health bill but it looks like it is not enough. A failure on Thursday will be devastating to the House. Even if it does pass, it will not pass the Senate
( zero hedge)
v)Trump issues a threat to Freedom Caucus member of the Republican House who still will vote no to the bill( zerohedge)
vi)Somehow the current account deficit beats by a huge 8 standard deviations and it shrinks to only 112 billion. This would be a positive to revisions to 4th quarter GDP
( zero hedge)
vii)And now the truth behind Trump’s skiiny budget and why everything will fail:
( David Stockman/Daily Reckoning/ContraCorner)
viii) Meet the 26 holdouts to the Trumpcare bill
( zero hedge)
Let us head over to the comex:
The total gold comex open interest ROSE BY 1096 CONTRACTS UP to an OI level of 430,386 WITH THE RISE IN THE PRICE OF GOLD ( $3.80 with YESTERDAY’S trading). WE PROBABLY AGAIN HAD SOME MORE SHORT COVERING BY THE BANKERS. 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 15 contract(s) DOWN to 17. We had 13 contact(s) served ON FRIDAY, so we LOST 2 CONTRACT(S) or AN ADDITIONAL 200 ounces will NOT stand for delivery. The next active contract month is April and here we saw it’s OI LOST 7335 contracts DOWN TO 172,575 contracts.
For comparison purposes, the April 2016 contract at this time had an OI of 237,867 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 GAINED 136 contract(s) and thus its OI is 1088 contracts. The next big active month is June and here the OI ROSE by 7,261 contracts up to 161,531.
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 ROSE BY 546 contracts FROM 186,523 UP TO 187,069 WITH YESTERDAY’S 2 CENT GAIN. AGAIN WE MUST HAVE HAD SOME BANK SHORT COVERING. 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 4 contracts down to 549 contracts. We had 0 notices served upon yesterday so we LOST 4 CONTRACTS OR AN ADDITIONAL 20,000 OZ WILL NOT STAND 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 6 contract(s) to 1009 contracts. The next active contract month is May and here the open interest GAINED 445 contracts UP to 140,706 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 118 notice(s) filed for 590,000 oz for the MARCH 2017 contract.
VOLUMES: for the gold comex
Today the estimated volume was 313,387 contracts which is very good.
Yesterday’s confirmed volume was 145,762 contracts which is very poor
volumes on gold are getting higher!
INITIAL standings for MARCH
March 21/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
nil OZ
MMgys
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
32,976.96 oz
HSBC
No of oz served (contracts) today
0 notice(s)
NIL oz
No of oz to be served (notices)
17 contracts
1700 oz
Total monthly oz gold served (contracts) so far this month
72 notices
7200 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 57,961.1 oz
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 1 customer deposit(s):
i) Into HSBC: 32,076.96 oz
total customer deposits; 32,076.06 oz
We had 0 customer withdrawal(s)
total customer withdrawal: nil oz
We had 1 adjustment(s)
i) out of Scotia: 64,046.25 oz was adjusted out of the dealer and into the customer account of Scotia
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 (72) x 100 oz or 7200 oz, to which we add the difference between the open interest for the front month of MARCH (17 contracts) minus the number of notices served upon today (0) x 100 oz per contract equals 8900 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 (72) x 100 oz or ounces + {(17)OI for the front month minus the number of notices served upon today (0) x 100 oz which equals 8900 oz standing in this non active delivery month of MARCH (.2768 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: 0.2839 tonnes
total for the 15 months; 244.509 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 1,316,517.772 or 40.950 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,968,867.200 or 278.969 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.969 tonnes for a loss of 24 tonnes over that period. Since August 8/2016 we have lost 75 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 8 MONTHS 75 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE MARCH DELIVERY MONTH
MARCH INITIAL standings
March 21. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
181,774.05 oz
Brinks
Scotia
Deposits to the Dealer Inventory
531,570.75 oz
CNT
Deposits to the Customer Inventory
667,044.965 oz
CNT
JPM
No of oz served today (contracts)
118 CONTRACT(S)
(590,000 OZ)
No of oz to be served (notices)
431 contracts
(2,155,000 oz)
Total monthly oz silver served (contracts) 3418 contracts (17,090,000 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 3,744,030.1 oz
today, we had 0 deposit(s) into the dealer account:
i) Into CNT: 531,570.75 oz
total dealer deposit: 531,570.75 oz
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 2 customer withdrawal(s):
i) Into Brinks: 962.10 oz
ii) Out of Scotia: 180,811.950 oz
TOTAL CUSTOMER WITHDRAWALS: 181,774.05 oz
we had 2 customer deposit(s):
i) Into CNT: 67,979.97 oz
ii) Into JPMorgan: 599,064.990 oz
***deposits into JPMorgan have now resumed.
total customer deposits; 667,044.965 oz
we had 0 adjustment(s)
The total number of notices filed today for the MARCH. contract month is represented by 118 contract(s) for 590,000 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 3418 x 5,000 oz = 17,090,000 oz to which we add the difference between the open interest for the front month of MAR (549) and the number of notices served upon today (118) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the March contract month: 3418(notices served so far)x 5000 oz + OI for front month of Mar.( 549 ) -number of notices served upon today (118)x 5000 oz equals 19,245,000 oz of silver standing for the Mar contract month. This is now average for an active delivery month in silver. We LOST 4 contracts or additional 20,000 oz will not stand for delivery.
Volumes: for silver comex
Today the estimated volume was 60,036 which is huge!!!
Yesterday’s confirmed volume was 30,648 contracts which is fair.
Total dealer silver: 39.333 million (close to record low inventory
Total number of dealer and customer silver: 189.282 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 21/a deposit of 4.15 tonnes of gold into the GLD/Inventory rests at 834.40 tonnes
March 20/WE HAD A MASSIVE 6.81 TONNE WITHDRAWAL FROM THE GLD/INVENTORY RESTS AT 830.25 TONNES/THIS GOLD MUST BE ON ITS WAY TO SHANGHAI. WITH GOLD RISING THESE PAST FEW DAYS, IT MAYS NO SENSE WHATSOEVER ON GOLD LIQUIDATION.
March 17/a huge withdrawal of 2.37 tonnes from the GLD/Inventory rests at 837.06 tonnes
March 16/no changes in gold inventory at the GLD/Inventory rests at 839.43 tonnes
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 21 /2017/ Inventory rests tonight at 834.40 tonnes
*IN LAST 113 TRADING DAYS: 113.70 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 58 TRADING DAYS: A NET 13.73 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 39.16 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
March 21/no change in inventory at the SLV/Inventory rests at 332.272 million oz/
March 20/a gain of 1.232 million oz of silver into the SLV/inventory rests at 332.272 million oz/
March 17/no change in silver inventory/SLV inventory rests at 331.272 million oz
March 16/no changes in silver inventory/SLV inventory rests at 331.272 million oz
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 21.2017: Inventory 332.504 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 5.0 percent to NAV usa funds and Negative 4.8% to NAV for Cdn funds!!!!
Percentage of fund in gold 61.2%
Percentage of fund in silver:38.6%
cash .+0.1%( Mar 21/2017)
2. Sprott silver fund (PSLV): Premium RISES to +07%!!!! NAV (Mar 21/2017)
3. Sprott gold fund (PHYS): premium to NAV rises to + 0.29% to NAV ( Mar 21/2017)
Note: Sprott silver trust back into NEGATIVE territory at +07% /Sprott physical gold trust is back into POSITIVE territory at +0.29%/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/silver/silver-news/raid-fails-gold-silver-shoot-up-harvey-organ/#more-77267
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Thank You Harvey & Doc Always Good Stuff
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_-GYS-_Late_Night-_MOLLY HATCHET - Dreams I'll Never See / Flirtin' With Disaster
GYS/LN
Have a Wonderful Day
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