Thursday, April 06, 2017 12:02:00 AM
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Bankers Trying to Cover Their BURGEONING Shorts! – Harvey Organ
Posted on April 5, 2017 by The Doc
THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO SLOWLY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL.
FED MINUTES SPOOK NY TRADING TODAY/GOLD AND SILVER FALL WITH THE ORCHESTRATED RAID BUT RECOVER ONCE THE MINUTES WERE RELEASED/TRUMP TO CHANGE COURSE IN SYRIA AND RUN INTO DIRECT CONFLICT WITH PUTIN/TURKEY DECIDES TO BUY HUGE QUANTITIES OF GOLD: 28 TONNES LAST MONTH/MORE ON THE SUSAN RICE AFFAIR!/OBAMACARE REPEAL AND TAX REFORM ARE NOW DEAD!!
Gold: $1245.40 DOWN $9.60
Silver: $18.17 DOWN 13 cents
Closing access prices:
Gold $1256.25
silver: $18.33!!!
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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: $1265.15 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1254.50
PREMIUM FIRST FIX: $10.65
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SECOND SHANGHAI GOLD FIX: $1264.85
NY GOLD PRICE AT THE EXACT SAME TIME: 1254.95
Premium of Shanghai 2nd fix/NY:$9/90
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LONDON FIRST GOLD FIX: 5:30 am est 1252.50
NY PRICING AT THE EXACT SAME TIME: 1252.75
LONDON SECOND GOLD FIX 10 AM: 1245.80
NY PRICING AT THE EXACT SAME TIME. 1245.90
For comex gold:
APRIL/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 81 NOTICE(S) FOR 8100 OZ. TOTAL NOTICES SO FAR: 436 FOR 43,600 OZ (1.356 TONNES)
For silver:
For silver: APRIL
190 NOTICES FILED TODAY FOR 950,000 OZ/
Total number of notices filed so far this month: 523 for 2,615,000 oz
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FEDERAL RESERVE BANK OF NEW YORK EARMARKED GOLD MOVEMENT:
The FRBNY just released its March report on Gold movement at the FRBNY:
In February’s report: 7841 billion dollars worth of gold was in inventory valued at $42.22 per oz
In the March report: 78.41 billion dollars worth of gold was in inventory valued at $42.22 per oz
No of gold oz moved: zero
END
The open interest in silver continues to advance with today’s reading surpassing 219,000 contracts to 219,160 or about 4,000 contracts below the record set last year. The price of silver is a good $2.27 below the price when the record OI was set. There is no question that the hedge funds together with a possible sovereign entity are willing to take on the crooked bankers.
Today the markets were spooked by the Fed minutes as many Fed Governors and Presidents are remarking that the stock market may be in a bubble. The news propelled gold and silver higher in the access market.
The volume on the silver comex was extremely high and we may see a considerable rise in its OI for tomorrow’s reading despite the fact that silver was down 13 cents. Let us see what tomorrow brings.
Let us have a look at the data for today
.
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In silver, the total open interest ROSE BY A TINY 225 contracts UP to 219,160 WITH THE RISE IN PRICE ( 11 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO SLOWLY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.095 BILLION TO BE EXACT or 157% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 190 NOTICE(S) FOR 950,000 OZ OF SILVER
In gold, the total comex gold also ROSE BY A HUGE 6742 contracts WITH THE RISE IN THE PRICE OF GOLD ($4.20 with YESTERDAY’S TRADING). The total gold OI stands at 427,808 contracts.
we had 81 notice(s) filed upon for 8100 oz of gold.
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With respect to our two criminal funds, the GLD and the SLV:
GLD:
We had no changes in tonnes of gold at the GLD:
Inventory rests tonight: 836.77 tonnes
.
SLV
We had a big change in inventory at the SLV/ a withdrawal of 1.042 million oz from the SLV
THE SLV Inventory rests at: 329.284 million oz
end
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE BY ANOTHER TINY 225 contracts UP TO to 219,160 DESPITE THE FACT THAT SILVER WAS UP A HEALTHY 11 CENT(S) with YESTERDAY’S trading. We no doubt had some short covering as the longs keep piling on. In contrast, the gold open interest ROSE BY A STRONG 6,742 contracts UP to 427,808 WITH THE RISE IN THE PRICE OF GOLD TO THE TUNE OF $4.20 (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 47.79 POINTS OR 1.48%/ /Hang Sang CLOSED UP 139.32 POINTS OR .51% . The Nikkei closed UP 51.02 OR 0.27% /Australia’s all ordinaires CLOSED UP 0.34%/Chinese yuan (ONSHORE) closed DOWN at 6.8962/Oil ROSE to 51.55 dollars per barrel for WTI and 54.66 for Brent. Stocks in Europe ALL MIXED ..Offshore yuan trades 6.8826 yuan to the dollar vs 6.8962 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS AGAIN/ ONSHORE YUAN WEAKER AND THE OFFSHORE YUAN MUCH WEAKER AND THIS IS COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA IS SATISFIED WITH WASHINGTON’S RESPONSE
3a)THAILAND/SOUTH KOREA/NORTH KOREA
NORTH KOREA
Not the greatest timing to release another ballistic missile as North Korea fires another one on the eve of the visit by Xi with Trump
(courtesy zero hedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
GERMANY
This should get the citizens all riled up ahead of the September elections: 270,000 Syrian refugees have been granted permission to bring family members to Germany:
(courtesy zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
i)RUSSIA/USA/SYRIA
Trump and Putin are now on a collision course after a supposed chemical attack on a rebel held town of Khan Sheikhoun. Trump claims that the Syrians used sarin gas. Putin claims that Syrian planes hit a chemical warehouse storing toxic chemicals.
( zero hedge)
ii)Trump responds: Assad crossed many many lines and he signalls an imminent change in Syria policy.
This does not look good with respect to USA/Russia relations
( zero hedge)
6.GLOBAL ISSUES
7. OIL ISSUES
i)Oil retreats after a surprise inventory build as the crude glut is now back to record highs:
( zero hedge
ii)Mexican production from PEMEX continues to falter and 2016 was no different than 2015. Unless new drilling will occur, Mexico will run out of reserves in 9 years
( OilPrice.c0m)
8. EMERGING MARKETS
VENEZUELA
Gunfire and riots break out as Venezuela’s national guard clashes with anti-maduro protesters
( zero hedge)
9. PHYSICAL MARKETS
i)This is a change: Turkey now gives its central bank the first option on buying domestic gold before buying other gold on the open market. Turkey now wishes to increase its reserves in gold
( Reuters/GATA)
ii)Erdogan two weeks ago gave a edict for his central bank and others to buy gold. Apparently they listened as Turkey imported 28.2 tonnes in March which is huge for them.
( Reuters)
iii)Turkey is trying to duplicate the Indian affair of trying to bring private gold into the mainstream. They are going to introduce sovereign gold bonds and gold lease certificates. This will fail
(Anadolu Agency/GATA)
iv)An excellent paper from Steve St Angelo. The uSA imported a record 202 million oz (6300 tonnes) of silver last year even though consumption fell. The 202 million oz of imports is roughly 1/3 of annual global production ex China ex Russia. If consumption in the uSA is down why the huge increase. Steve believes and I agree with him that silver users are loading up on silver as they see a scarcity of silver down the road
( Steve St Angelo/SRSRocco report)
10. USA stories
A.FOMC minutes: highlights:
the balance sheet to shrink (Harvey: good luck)
stock prices are too high
B.Immediate reaction to the FOMC announcment!: Feds warning falls on deaf ears
afternoon trading…
( zero hedge)
i)Another great commentary from David Stockman as he weighs in on the Susan Rice et al affair:
( zero hedge)
ii a)Now the Wall Street Journal reports that Susan Rice was not alone in the “unmasking’ of the Trump transition team
( zero hedge)
iib)Trump says Susan Rice likely committed a crime in unmasking key Americans. I really think the crime is the release to the press, not the unmasking
(courtesy zero hedge)
iii)I really have no faith whatsoever in the ADP report. The private payroll report showed a huge 263,000 job gain on expectations of only 185,000. The February number was downgraded by 43,000 jobs
( zero hedge)
iv) Yesterday we had a soft USA PMI in manufacturing. Today we had soft PMI in the service side. It seems that soft data are now rolling over and in total contrast to the above ADP data:
( zero hedge)
v)Steve Bannon kicked off of Trump’s National Security Council:
( zero hedge)
vi)Then late in the afternoon:
both Obamacare repeal and the Trump tax reform are dead
(courtesy zero hedge)
Let us head over to the comex:
The total gold comex open interest ROSE BY 6,742 CONTRACTS UP to an OI level of 427,808 WITH THE RISE IN THE PRICE OF GOLD ( $4.70 with YESTERDAY’S trading). We are now in the contract month of APRIL and it is one of the BETTER delivery months of the year. In this APRIL delivery month we had AN ANOTHER LOSS OF 183 contract(s) FALLING TO 2,367. We had 134 notices served yesterday so we lost another 49 contracts or 4,900 oz will not stand for delivery in the active delivery month of April and these were cash settled via the ERP route highlighted by James Turk and myself last night.
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 10 contract(s) and thus its OI is 2726 contracts. The next big active month is June and here the OI ROSE by 5994 contracts up to 307,520.
We had 81 notice(s) filed upon today for 8100 oz
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And now for the wild silver comex results. Total silver OI ROSE BY A TINY 225 contracts FROM 218,935 UP TO 219,160 WITH YESTERDAY’S 11 CENT GAIN. THE BANKERS SUPPLIED THE NECESSARY CONTRACTS TO OUR HEDGE FUND LONGS WHO CONTINUE TO PILE INTO SILVER ON THE LONG SIDE. WE MUST HAVE HAD SOME BANKER 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 ONLY 4,000 CONTRACTS AWAY FROM RECORD HIGHS IN OI AND YET WE ARE $2.20 BELOW THE PRICE OF $20.44 WHEN THAT RECORD WAS SET.
We are in the NON active delivery month is APRIL Here the open interest fell by 67 contracts. We had 62 notices filed yesterday so we lost only 5 contracts or an additional 50,000 oz will not stand for delivery and these were cash settled via the ERP route.
The next active contract month is May and here the open interest LOST ONLY 1432 contracts DOWN to 155,439 contracts which is astonishingly high.The non active June contract gained 160 contracts to stand at 168. The next big active month will be July and here the OI gained 1439 contracts up to 36,736.
FOR COMPARISON SAKE, ON APRIL 5/2016 WE HAD 111,747 CONTRACTS STANDING FOR DELIVERY. SO YOU CAN VISUALIZE FOR YOURSELF THE HUGE DIFFERENCE BETWEEN 2016 AND THIS YEAR.
For those keeping score, the initial amount of silver oz that stood for delivery for the May 2016 contract month: 28.01 million oz. By conclusion of the month only 13.58 million oz stood and the rest was cash settled.(ERP ROUTE)
.
We had 190 notice(s) filed for 950,000 oz for the APRIL 2017 contract.
VOLUMES: for the gold comex
Today the estimated volume was 196,757 contracts which is GOOD.
Yesterday’s confirmed volume was 166,215 contracts which is FAIR.
volumes on gold are STILL HIGHER THAN NORMAL!
INITIAL standings for APRIL
April 5/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
123,415.049 oz
HSBC
SCOTIA
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and Now A Word From Our Sponsor
gys
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Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
207,843.366 oz
JPMorgan
No of oz served (contracts) today
81 notice(s)
8100 OZ
No of oz to be served (notices)
2286 contracts
228,600 oz
Total monthly oz gold served (contracts) so far this month
436 notices
43,600 oz
1.356 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 220,478.7 oz
Today we HAD 0 kilobar transaction(s)/
Today we had 0 deposit(s) into the dealer:
total dealer deposits: 0 oz
We had NIL dealer withdrawals:
total dealer withdrawals: NIL oz
we had 1 customer deposit(s):
i) Into JPMorgan: 207,843.366 oz (6.46 tonnes) something is brewing if JPMorgan deposits that much gold.
total customer deposits; 207,843.366 oz
We had 2 customer withdrawal(s)
i) Out of HSBC: 89,026.119 oz
ii) Out of Scotia: 34,388.93 oz
total customer withdrawal: 123,415.049 oz
we had 0 adjustments:
For APRIL:
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 81 contract(s) of which 0 notices were stopped (received) by jPMorgan dealer and 20 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 APRIL. contract month, we take the total number of notices filed so far for the month (436) x 100 oz or 43,600 oz, to which we add the difference between the open interest for the front month of APRIL (2367 contracts) minus the number of notices served upon today (81) x 100 oz per contract equals 272,100 oz, the number of ounces standing in this active month of APRIL.
Thus the INITIAL standings for gold for the APRIL contract month:
No of notices served so far (436) x 100 oz or ounces + {(2367)OI for the front month minus the number of notices served upon today (81) x 100 oz which equals 272,200 oz standing in this non active delivery month of APRIL (8.466 tonnes)
we lost 49 contracts or an additional 4900 oz will not stand and these guys were cash settled via the ERP route.
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We had 21.206 tonnes of gold initially stand for delivery in April 2016. By the month’s conclusion we had only 12.39 tonnes stand.
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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 4 months of 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/2016. 29.931 tonnes
JAN/2017 3.9004 tonnes
FEB/ 18.734 tonnes
March: 0.5816 tonnes
April/2017: 8.466
total for the 16 months; 253.308 tonnes
average 15.831 tonnes per month
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Total dealer inventory 983,188.826 or 30.528 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,937,836.054 or 278.00 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.00 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 9 MONTHS 76 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE APRIL DELIVERY MONTH
APRIL INITIAL standings
April 5. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
972.600 oz
CNT
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
1,201,651.290 oz
CNT
JPMorgan
No of oz served today (contracts)
190 CONTRACT(S)
(950,000 OZ)
No of oz to be served (notices)
215 contracts
(1,075,000 oz)
Total monthly oz silver served (contracts) 523 contracts (2,615,000 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 202,262.5 oz
today, we had 0 deposit(s) into the dealer account:
total dealer deposit: Nil oz
we had Nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 1 customer withdrawal(s):
i) Out of Delaware: 972.600 oz
TOTAL CUSTOMER WITHDRAWALS: 972.600 oz
We had 0 deposits:
***deposits into JPMorgan have now stopped.
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
total customer deposits; nil oz
we had 1 adjustment(s)
i) Out of CNT: 621,153.900 oz leaves the DEALER account and enters the CUSTOMER account of CNT
The total number of notices filed today for the APRIL. contract month is represented by 190 contract(s) for 950,000 oz. To calculate the number of silver ounces that will stand for delivery in APRIL., we take the total number of notices filed for the month so far at 523 x 5,000 oz = 2,615,000 oz to which we add the difference between the open interest for the front month of APRIL (405) and the number of notices served upon today (190) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the APRIL contract month: 523(notices served so far)x 5000 oz + OI for front month of APRIL.( 405 ) -number of notices served upon today (190)x 5000 oz equals 3,690,000 oz of silver standing for the APRIL contract month.
We lost 5 contracts or an additional 25,000 oz will not stand for delivery in this non active delivery month of April and they were cash settled as per the route discussed above.
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 stood as bankers needed much silver to fill major holes elsewhere.
Volumes: for silver comex
Today the estimated volume was 71,823 which is GIGANTIC (359 MILLION OZ)
Yesterday’s confirmed volume was 56,958 contracts which is EXCELLENT!!.
Total dealer silver: 29.181 million (close to record low inventory
Total number of dealer and customer silver: 191.213 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
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 6.1 percent to NAV usa funds and Negative 6.0% to NAV for Cdn funds!!!!
Percentage of fund in gold 60.1%
Percentage of fund in silver:39.8%
cash .+0.1%( April 4/2017)
Sprott figures later tonight
2. Sprott silver fund (PSLV): Premium FALLS to -37%!!!! NAV (April 3/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES to – 0.00% to NAV ( April 3/2017)
Note: Sprott silver trust back into NEGATIVE territory at -37% /Sprott physical gold trust is back into NEGATIVE/positive territory at -0.00%/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
(courtesy Sprott/GATA)
Sprott makes hostile $3.1 billion bid for Central Fund of Canada
Submitted by cpowell on Thu, 2017-03-09 01:19. Section: Daily Dispatches
From the Canadian Press
via Canadian Broadcasting Corp. News, Toronto
Wednesday, March 8, 2017
Toronto-based Sprott Inc. said Wednesday it’s making an all-share hostile takeover bid worth $3.1 billion US for rival bullion holder Central Fund of Canada Ltd.
The money-management firm has filed an application with the Court of Queen’s Bench of Alberta seeking to allow shareholders of Calgary-based Central Fund to swap their shares for ones in a newly-formed trust that would be substantially similar to Sprott’s existing precious metal holding entities.
The company is going through the courts after its efforts to strike a friendly deal were rebuffed by the Spicer family that controls Central Fund, said Sprott spokesman Glen Williams.
“They weren’t interested in having those discussions,” Williams said.
Sprott is using the courts to try to give holders of the 252 million non-voting class A shares a say in takeover bids, which Central Fund explicitly states they have no right to participate in. That voting right is reserved for the 40,000 common shares outstanding, which the family of J.C. Stefan Spicer, chairman and CEO of Central Fund, control.
If successful through the courts, Sprott would then need the support of two-thirds of shareholder votes to close the takeover deal, but there’s no guarantee they will make it that far.
“It is unusual to go this route,” said Williams. “There’s no specific precedent where this has worked.”
Sprott did have success last year in taking over Central GoldTrust, a similar fund that was controlled by the Spicer family, after securing support from more than 96 percent of shareholder votes cast.
The firm says Central Fund’s shares are trading at a discount to net asset value and a takeover by Sprott could unlock US$304 million in shareholder value.
Central Fund did not have any immediate comment on the unsolicited offer. Williams said Sprott had not yet heard from Central Fund on the proposal but that some shareholders had already contacted them to voice their support.
Sprott’s existing precious metal holding companies are designed to allow investors to own gold and other metals without having to worry about taking care of the physical bullion.
end
And now the Gold inventory at the GLD
April 5/no change in gold tonnage at the GLD/Inventory rests at 836.77 tonnes
April 4/no change in gold tonnage at the GLD/Inventory rests at 836.77 tonnes
April 3.2017: a huge deposit of 4.45 tonnes of gold into the GLD/Inventory rests at 836.77 tonnnes
March 31/another withdrawal of 1.19 tonnes of gold inventory fro the GLD/this inventory would no doubt be heading for Shanghai/GLD inventory: 822.32 tonnes
March 30/no changes in gold inventory at the GLD/Inventory rests at 833.51 tonnes
March 29/a withdrawal of 1.78 tonnes of gold out of the GLD/Inventory rests tongith at 833.51 tonnes
March 28/this is good!! A deposit of 2.67 tonnes of gold into the GLD/Inventory rests at 835.29 tonnes.
March 27/no changes in gold inventory at the GLD/Inventory rests at 832.62 tonnes
March 24/another withdrawal of 1.78 tonnes from the GLD/Inventory rests at 832.62 tonnes
March 23/no change in gold inventory at the GLD/Inventory rests at 834.40 tonnes
March 22/no changes in gold inventory at the GLD/Inventory rests at 834.40 tonnes
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
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April 5 /2017/ Inventory rests tonight at 836.77 tonnes
*IN LAST 123 TRADING DAYS: 111.33 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 67 TRADING DAYS: A NET 16.10 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 41.53 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
April 5/ a withdrawal of 1.042 million oz from the SLV/Inventory rests at 329.284 million oz
April 4/no change in inventory at the SLV/Inventory rests at 330.326 million oz/
April 3.2017; a withdrawal of 568,000 oz from the SLV/Inventory rests at 330.326
million oz/
March 31/no change in inventory at the SLV/Inventory rests at the SLV/Inventory rests at 330.894 million oz/
March 30/a huge withdrawal of 2.746 million oz from the SLV/inventory rests at 330.894 million oz/
March 29/a deposit of 1.136 million oz into the SLV/Inventory rests at 333.640 million oz
March 28/no changes in inventory at the SLV/Inventory rests at 332.504 million oz/
March 27/no changes in inventory at the SLV/Inventory rests at 332.504 million oz/
March 24/no change in inventory at the SLV/Inventory rests at 332.504 million oz/
March 23/no change in inventory at the SLV/Inventory rests at 332.504 million oz
March 22/no change in inventory at the SLV/Inventory rests at 332.504 million oz
March 21/no change in inventory at the SLV/Inventory rests at 332.504 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/
April 5.2017: Inventory 329.284 million oz
http://www.silverdoctors.com/silver/silver-news/bankers-trying-to-cover-their-burgeoning-shorts-harvey-organ/#more-77593
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Thank You Harvey & Doc Always good Stuff <3
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God Bless us All
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Peter is Met by an Angel
MMgys CQs
Good Morning !
~Welcome To
~*~Mining & Metals Du Jour~*~ Graveyard Shift~
Bankers Trying to Cover Their BURGEONING Shorts! – Harvey Organ
Posted on April 5, 2017 by The Doc
THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO SLOWLY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL.
FED MINUTES SPOOK NY TRADING TODAY/GOLD AND SILVER FALL WITH THE ORCHESTRATED RAID BUT RECOVER ONCE THE MINUTES WERE RELEASED/TRUMP TO CHANGE COURSE IN SYRIA AND RUN INTO DIRECT CONFLICT WITH PUTIN/TURKEY DECIDES TO BUY HUGE QUANTITIES OF GOLD: 28 TONNES LAST MONTH/MORE ON THE SUSAN RICE AFFAIR!/OBAMACARE REPEAL AND TAX REFORM ARE NOW DEAD!!
Gold: $1245.40 DOWN $9.60
Silver: $18.17 DOWN 13 cents
Closing access prices:
Gold $1256.25
silver: $18.33!!!
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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: $1265.15 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1254.50
PREMIUM FIRST FIX: $10.65
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SECOND SHANGHAI GOLD FIX: $1264.85
NY GOLD PRICE AT THE EXACT SAME TIME: 1254.95
Premium of Shanghai 2nd fix/NY:$9/90
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LONDON FIRST GOLD FIX: 5:30 am est 1252.50
NY PRICING AT THE EXACT SAME TIME: 1252.75
LONDON SECOND GOLD FIX 10 AM: 1245.80
NY PRICING AT THE EXACT SAME TIME. 1245.90
For comex gold:
APRIL/
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 81 NOTICE(S) FOR 8100 OZ. TOTAL NOTICES SO FAR: 436 FOR 43,600 OZ (1.356 TONNES)
For silver:
For silver: APRIL
190 NOTICES FILED TODAY FOR 950,000 OZ/
Total number of notices filed so far this month: 523 for 2,615,000 oz
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FEDERAL RESERVE BANK OF NEW YORK EARMARKED GOLD MOVEMENT:
The FRBNY just released its March report on Gold movement at the FRBNY:
In February’s report: 7841 billion dollars worth of gold was in inventory valued at $42.22 per oz
In the March report: 78.41 billion dollars worth of gold was in inventory valued at $42.22 per oz
No of gold oz moved: zero
END
The open interest in silver continues to advance with today’s reading surpassing 219,000 contracts to 219,160 or about 4,000 contracts below the record set last year. The price of silver is a good $2.27 below the price when the record OI was set. There is no question that the hedge funds together with a possible sovereign entity are willing to take on the crooked bankers.
Today the markets were spooked by the Fed minutes as many Fed Governors and Presidents are remarking that the stock market may be in a bubble. The news propelled gold and silver higher in the access market.
The volume on the silver comex was extremely high and we may see a considerable rise in its OI for tomorrow’s reading despite the fact that silver was down 13 cents. Let us see what tomorrow brings.
Let us have a look at the data for today
.
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In silver, the total open interest ROSE BY A TINY 225 contracts UP to 219,160 WITH THE RISE IN PRICE ( 11 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO SLOWLY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.095 BILLION TO BE EXACT or 157% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 190 NOTICE(S) FOR 950,000 OZ OF SILVER
In gold, the total comex gold also ROSE BY A HUGE 6742 contracts WITH THE RISE IN THE PRICE OF GOLD ($4.20 with YESTERDAY’S TRADING). The total gold OI stands at 427,808 contracts.
we had 81 notice(s) filed upon for 8100 oz of gold.
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With respect to our two criminal funds, the GLD and the SLV:
GLD:
We had no changes in tonnes of gold at the GLD:
Inventory rests tonight: 836.77 tonnes
.
SLV
We had a big change in inventory at the SLV/ a withdrawal of 1.042 million oz from the SLV
THE SLV Inventory rests at: 329.284 million oz
end
.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE BY ANOTHER TINY 225 contracts UP TO to 219,160 DESPITE THE FACT THAT SILVER WAS UP A HEALTHY 11 CENT(S) with YESTERDAY’S trading. We no doubt had some short covering as the longs keep piling on. In contrast, the gold open interest ROSE BY A STRONG 6,742 contracts UP to 427,808 WITH THE RISE IN THE PRICE OF GOLD TO THE TUNE OF $4.20 (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 47.79 POINTS OR 1.48%/ /Hang Sang CLOSED UP 139.32 POINTS OR .51% . The Nikkei closed UP 51.02 OR 0.27% /Australia’s all ordinaires CLOSED UP 0.34%/Chinese yuan (ONSHORE) closed DOWN at 6.8962/Oil ROSE to 51.55 dollars per barrel for WTI and 54.66 for Brent. Stocks in Europe ALL MIXED ..Offshore yuan trades 6.8826 yuan to the dollar vs 6.8962 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS AGAIN/ ONSHORE YUAN WEAKER AND THE OFFSHORE YUAN MUCH WEAKER AND THIS IS COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA IS SATISFIED WITH WASHINGTON’S RESPONSE
3a)THAILAND/SOUTH KOREA/NORTH KOREA
NORTH KOREA
Not the greatest timing to release another ballistic missile as North Korea fires another one on the eve of the visit by Xi with Trump
(courtesy zero hedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
GERMANY
This should get the citizens all riled up ahead of the September elections: 270,000 Syrian refugees have been granted permission to bring family members to Germany:
(courtesy zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
i)RUSSIA/USA/SYRIA
Trump and Putin are now on a collision course after a supposed chemical attack on a rebel held town of Khan Sheikhoun. Trump claims that the Syrians used sarin gas. Putin claims that Syrian planes hit a chemical warehouse storing toxic chemicals.
( zero hedge)
ii)Trump responds: Assad crossed many many lines and he signalls an imminent change in Syria policy.
This does not look good with respect to USA/Russia relations
( zero hedge)
6.GLOBAL ISSUES
7. OIL ISSUES
i)Oil retreats after a surprise inventory build as the crude glut is now back to record highs:
( zero hedge
ii)Mexican production from PEMEX continues to falter and 2016 was no different than 2015. Unless new drilling will occur, Mexico will run out of reserves in 9 years
( OilPrice.c0m)
8. EMERGING MARKETS
VENEZUELA
Gunfire and riots break out as Venezuela’s national guard clashes with anti-maduro protesters
( zero hedge)
9. PHYSICAL MARKETS
i)This is a change: Turkey now gives its central bank the first option on buying domestic gold before buying other gold on the open market. Turkey now wishes to increase its reserves in gold
( Reuters/GATA)
ii)Erdogan two weeks ago gave a edict for his central bank and others to buy gold. Apparently they listened as Turkey imported 28.2 tonnes in March which is huge for them.
( Reuters)
iii)Turkey is trying to duplicate the Indian affair of trying to bring private gold into the mainstream. They are going to introduce sovereign gold bonds and gold lease certificates. This will fail
(Anadolu Agency/GATA)
iv)An excellent paper from Steve St Angelo. The uSA imported a record 202 million oz (6300 tonnes) of silver last year even though consumption fell. The 202 million oz of imports is roughly 1/3 of annual global production ex China ex Russia. If consumption in the uSA is down why the huge increase. Steve believes and I agree with him that silver users are loading up on silver as they see a scarcity of silver down the road
( Steve St Angelo/SRSRocco report)
10. USA stories
A.FOMC minutes: highlights:
the balance sheet to shrink (Harvey: good luck)
stock prices are too high
B.Immediate reaction to the FOMC announcment!: Feds warning falls on deaf ears
afternoon trading…
( zero hedge)
i)Another great commentary from David Stockman as he weighs in on the Susan Rice et al affair:
( zero hedge)
ii a)Now the Wall Street Journal reports that Susan Rice was not alone in the “unmasking’ of the Trump transition team
( zero hedge)
iib)Trump says Susan Rice likely committed a crime in unmasking key Americans. I really think the crime is the release to the press, not the unmasking
(courtesy zero hedge)
iii)I really have no faith whatsoever in the ADP report. The private payroll report showed a huge 263,000 job gain on expectations of only 185,000. The February number was downgraded by 43,000 jobs
( zero hedge)
iv) Yesterday we had a soft USA PMI in manufacturing. Today we had soft PMI in the service side. It seems that soft data are now rolling over and in total contrast to the above ADP data:
( zero hedge)
v)Steve Bannon kicked off of Trump’s National Security Council:
( zero hedge)
vi)Then late in the afternoon:
both Obamacare repeal and the Trump tax reform are dead
(courtesy zero hedge)
Let us head over to the comex:
The total gold comex open interest ROSE BY 6,742 CONTRACTS UP to an OI level of 427,808 WITH THE RISE IN THE PRICE OF GOLD ( $4.70 with YESTERDAY’S trading). We are now in the contract month of APRIL and it is one of the BETTER delivery months of the year. In this APRIL delivery month we had AN ANOTHER LOSS OF 183 contract(s) FALLING TO 2,367. We had 134 notices served yesterday so we lost another 49 contracts or 4,900 oz will not stand for delivery in the active delivery month of April and these were cash settled via the ERP route highlighted by James Turk and myself last night.
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 10 contract(s) and thus its OI is 2726 contracts. The next big active month is June and here the OI ROSE by 5994 contracts up to 307,520.
We had 81 notice(s) filed upon today for 8100 oz
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And now for the wild silver comex results. Total silver OI ROSE BY A TINY 225 contracts FROM 218,935 UP TO 219,160 WITH YESTERDAY’S 11 CENT GAIN. THE BANKERS SUPPLIED THE NECESSARY CONTRACTS TO OUR HEDGE FUND LONGS WHO CONTINUE TO PILE INTO SILVER ON THE LONG SIDE. WE MUST HAVE HAD SOME BANKER 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 ONLY 4,000 CONTRACTS AWAY FROM RECORD HIGHS IN OI AND YET WE ARE $2.20 BELOW THE PRICE OF $20.44 WHEN THAT RECORD WAS SET.
We are in the NON active delivery month is APRIL Here the open interest fell by 67 contracts. We had 62 notices filed yesterday so we lost only 5 contracts or an additional 50,000 oz will not stand for delivery and these were cash settled via the ERP route.
The next active contract month is May and here the open interest LOST ONLY 1432 contracts DOWN to 155,439 contracts which is astonishingly high.The non active June contract gained 160 contracts to stand at 168. The next big active month will be July and here the OI gained 1439 contracts up to 36,736.
FOR COMPARISON SAKE, ON APRIL 5/2016 WE HAD 111,747 CONTRACTS STANDING FOR DELIVERY. SO YOU CAN VISUALIZE FOR YOURSELF THE HUGE DIFFERENCE BETWEEN 2016 AND THIS YEAR.
For those keeping score, the initial amount of silver oz that stood for delivery for the May 2016 contract month: 28.01 million oz. By conclusion of the month only 13.58 million oz stood and the rest was cash settled.(ERP ROUTE)
.
We had 190 notice(s) filed for 950,000 oz for the APRIL 2017 contract.
VOLUMES: for the gold comex
Today the estimated volume was 196,757 contracts which is GOOD.
Yesterday’s confirmed volume was 166,215 contracts which is FAIR.
volumes on gold are STILL HIGHER THAN NORMAL!
INITIAL standings for APRIL
April 5/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
123,415.049 oz
HSBC
SCOTIA
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and Now A Word From Our Sponsor
gys
show sponsor
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Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
207,843.366 oz
JPMorgan
No of oz served (contracts) today
81 notice(s)
8100 OZ
No of oz to be served (notices)
2286 contracts
228,600 oz
Total monthly oz gold served (contracts) so far this month
436 notices
43,600 oz
1.356 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 220,478.7 oz
Today we HAD 0 kilobar transaction(s)/
Today we had 0 deposit(s) into the dealer:
total dealer deposits: 0 oz
We had NIL dealer withdrawals:
total dealer withdrawals: NIL oz
we had 1 customer deposit(s):
i) Into JPMorgan: 207,843.366 oz (6.46 tonnes) something is brewing if JPMorgan deposits that much gold.
total customer deposits; 207,843.366 oz
We had 2 customer withdrawal(s)
i) Out of HSBC: 89,026.119 oz
ii) Out of Scotia: 34,388.93 oz
total customer withdrawal: 123,415.049 oz
we had 0 adjustments:
For APRIL:
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 81 contract(s) of which 0 notices were stopped (received) by jPMorgan dealer and 20 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 APRIL. contract month, we take the total number of notices filed so far for the month (436) x 100 oz or 43,600 oz, to which we add the difference between the open interest for the front month of APRIL (2367 contracts) minus the number of notices served upon today (81) x 100 oz per contract equals 272,100 oz, the number of ounces standing in this active month of APRIL.
Thus the INITIAL standings for gold for the APRIL contract month:
No of notices served so far (436) x 100 oz or ounces + {(2367)OI for the front month minus the number of notices served upon today (81) x 100 oz which equals 272,200 oz standing in this non active delivery month of APRIL (8.466 tonnes)
we lost 49 contracts or an additional 4900 oz will not stand and these guys were cash settled via the ERP route.
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We had 21.206 tonnes of gold initially stand for delivery in April 2016. By the month’s conclusion we had only 12.39 tonnes stand.
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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 4 months of 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/2016. 29.931 tonnes
JAN/2017 3.9004 tonnes
FEB/ 18.734 tonnes
March: 0.5816 tonnes
April/2017: 8.466
total for the 16 months; 253.308 tonnes
average 15.831 tonnes per month
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Total dealer inventory 983,188.826 or 30.528 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,937,836.054 or 278.00 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 278.00 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 9 MONTHS 76 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE APRIL DELIVERY MONTH
APRIL INITIAL standings
April 5. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
972.600 oz
CNT
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
1,201,651.290 oz
CNT
JPMorgan
No of oz served today (contracts)
190 CONTRACT(S)
(950,000 OZ)
No of oz to be served (notices)
215 contracts
(1,075,000 oz)
Total monthly oz silver served (contracts) 523 contracts (2,615,000 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 202,262.5 oz
today, we had 0 deposit(s) into the dealer account:
total dealer deposit: Nil oz
we had Nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 1 customer withdrawal(s):
i) Out of Delaware: 972.600 oz
TOTAL CUSTOMER WITHDRAWALS: 972.600 oz
We had 0 deposits:
***deposits into JPMorgan have now stopped.
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
total customer deposits; nil oz
we had 1 adjustment(s)
i) Out of CNT: 621,153.900 oz leaves the DEALER account and enters the CUSTOMER account of CNT
The total number of notices filed today for the APRIL. contract month is represented by 190 contract(s) for 950,000 oz. To calculate the number of silver ounces that will stand for delivery in APRIL., we take the total number of notices filed for the month so far at 523 x 5,000 oz = 2,615,000 oz to which we add the difference between the open interest for the front month of APRIL (405) and the number of notices served upon today (190) x 5000 oz equals the number of ounces standing
Thus the initial standings for silver for the APRIL contract month: 523(notices served so far)x 5000 oz + OI for front month of APRIL.( 405 ) -number of notices served upon today (190)x 5000 oz equals 3,690,000 oz of silver standing for the APRIL contract month.
We lost 5 contracts or an additional 25,000 oz will not stand for delivery in this non active delivery month of April and they were cash settled as per the route discussed above.
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 stood as bankers needed much silver to fill major holes elsewhere.
Volumes: for silver comex
Today the estimated volume was 71,823 which is GIGANTIC (359 MILLION OZ)
Yesterday’s confirmed volume was 56,958 contracts which is EXCELLENT!!.
Total dealer silver: 29.181 million (close to record low inventory
Total number of dealer and customer silver: 191.213 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
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 6.1 percent to NAV usa funds and Negative 6.0% to NAV for Cdn funds!!!!
Percentage of fund in gold 60.1%
Percentage of fund in silver:39.8%
cash .+0.1%( April 4/2017)
Sprott figures later tonight
2. Sprott silver fund (PSLV): Premium FALLS to -37%!!!! NAV (April 3/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES to – 0.00% to NAV ( April 3/2017)
Note: Sprott silver trust back into NEGATIVE territory at -37% /Sprott physical gold trust is back into NEGATIVE/positive territory at -0.00%/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
(courtesy Sprott/GATA)
Sprott makes hostile $3.1 billion bid for Central Fund of Canada
Submitted by cpowell on Thu, 2017-03-09 01:19. Section: Daily Dispatches
From the Canadian Press
via Canadian Broadcasting Corp. News, Toronto
Wednesday, March 8, 2017
Toronto-based Sprott Inc. said Wednesday it’s making an all-share hostile takeover bid worth $3.1 billion US for rival bullion holder Central Fund of Canada Ltd.
The money-management firm has filed an application with the Court of Queen’s Bench of Alberta seeking to allow shareholders of Calgary-based Central Fund to swap their shares for ones in a newly-formed trust that would be substantially similar to Sprott’s existing precious metal holding entities.
The company is going through the courts after its efforts to strike a friendly deal were rebuffed by the Spicer family that controls Central Fund, said Sprott spokesman Glen Williams.
“They weren’t interested in having those discussions,” Williams said.
Sprott is using the courts to try to give holders of the 252 million non-voting class A shares a say in takeover bids, which Central Fund explicitly states they have no right to participate in. That voting right is reserved for the 40,000 common shares outstanding, which the family of J.C. Stefan Spicer, chairman and CEO of Central Fund, control.
If successful through the courts, Sprott would then need the support of two-thirds of shareholder votes to close the takeover deal, but there’s no guarantee they will make it that far.
“It is unusual to go this route,” said Williams. “There’s no specific precedent where this has worked.”
Sprott did have success last year in taking over Central GoldTrust, a similar fund that was controlled by the Spicer family, after securing support from more than 96 percent of shareholder votes cast.
The firm says Central Fund’s shares are trading at a discount to net asset value and a takeover by Sprott could unlock US$304 million in shareholder value.
Central Fund did not have any immediate comment on the unsolicited offer. Williams said Sprott had not yet heard from Central Fund on the proposal but that some shareholders had already contacted them to voice their support.
Sprott’s existing precious metal holding companies are designed to allow investors to own gold and other metals without having to worry about taking care of the physical bullion.
end
And now the Gold inventory at the GLD
April 5/no change in gold tonnage at the GLD/Inventory rests at 836.77 tonnes
April 4/no change in gold tonnage at the GLD/Inventory rests at 836.77 tonnes
April 3.2017: a huge deposit of 4.45 tonnes of gold into the GLD/Inventory rests at 836.77 tonnnes
March 31/another withdrawal of 1.19 tonnes of gold inventory fro the GLD/this inventory would no doubt be heading for Shanghai/GLD inventory: 822.32 tonnes
March 30/no changes in gold inventory at the GLD/Inventory rests at 833.51 tonnes
March 29/a withdrawal of 1.78 tonnes of gold out of the GLD/Inventory rests tongith at 833.51 tonnes
March 28/this is good!! A deposit of 2.67 tonnes of gold into the GLD/Inventory rests at 835.29 tonnes.
March 27/no changes in gold inventory at the GLD/Inventory rests at 832.62 tonnes
March 24/another withdrawal of 1.78 tonnes from the GLD/Inventory rests at 832.62 tonnes
March 23/no change in gold inventory at the GLD/Inventory rests at 834.40 tonnes
March 22/no changes in gold inventory at the GLD/Inventory rests at 834.40 tonnes
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
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April 5 /2017/ Inventory rests tonight at 836.77 tonnes
*IN LAST 123 TRADING DAYS: 111.33 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 67 TRADING DAYS: A NET 16.10 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 41.53 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
April 5/ a withdrawal of 1.042 million oz from the SLV/Inventory rests at 329.284 million oz
April 4/no change in inventory at the SLV/Inventory rests at 330.326 million oz/
April 3.2017; a withdrawal of 568,000 oz from the SLV/Inventory rests at 330.326
million oz/
March 31/no change in inventory at the SLV/Inventory rests at the SLV/Inventory rests at 330.894 million oz/
March 30/a huge withdrawal of 2.746 million oz from the SLV/inventory rests at 330.894 million oz/
March 29/a deposit of 1.136 million oz into the SLV/Inventory rests at 333.640 million oz
March 28/no changes in inventory at the SLV/Inventory rests at 332.504 million oz/
March 27/no changes in inventory at the SLV/Inventory rests at 332.504 million oz/
March 24/no change in inventory at the SLV/Inventory rests at 332.504 million oz/
March 23/no change in inventory at the SLV/Inventory rests at 332.504 million oz
March 22/no change in inventory at the SLV/Inventory rests at 332.504 million oz
March 21/no change in inventory at the SLV/Inventory rests at 332.504 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/
April 5.2017: Inventory 329.284 million oz
http://www.silverdoctors.com/silver/silver-news/bankers-trying-to-cover-their-burgeoning-shorts-harvey-organ/#more-77593
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Thank You Harvey & Doc Always good Stuff <3
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Have a Great Day Thank You <3
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God Bless us All
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Peter is Met by an Angel
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