The GraveYard Shift

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MMgys

August 11/COT report shows bankers capitulating in silver/gold rises $4.10 and silver up 4 cents/gold and silver withstand another attack by bankers today/Rhetoric increases between North Korea and the uSA/China refuses to advance the idea of a regime change in North Korea: not what the USA wanted to hear/Consumer prices and wage inflation disappoint the Fed for the 5th consecutive month/Goldman Sachs lowers the chances for another rate hike/
August 11, 2017 · by Harvey Organ ·



GOLD: $1287.80 UP $4.10

Silver: $17.08 up 4 cent(s)

Closing access prices:

Gold $1289.50

silver: $17.11

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: $1288.86 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1284.30

PREMIUM FIRST FIX: $4.56

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SECOND SHANGHAI GOLD FIX: $1291.86

NY GOLD PRICE AT THE EXACT SAME TIME: $1288.40

Premium of Shanghai 2nd fix/NY:$3.46

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LONDON FIRST GOLD FIX: 5:30 am est $1288.30

NY PRICING AT THE EXACT SAME TIME: $1288.40

LONDON SECOND GOLD FIX 10 AM: $1286.10

NY PRICING AT THE EXACT SAME TIME. $1287.10
For comex gold:
AUGUST/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 19 NOTICE(S) FOR 1900 OZ.

TOTAL NOTICES SO FAR: 4487 FOR 448700 OZ (13.956 TONNES)
For silver:
AUGUST
88 NOTICES FILED TODAY FOR
44,000 OZ/
Total number of notices filed so far this month: 810 for 4,050,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

end



Today, the bankers tried to raid both gold and silver. They like Friday’s especially once London officially closes because they do not have to worry about physical demand for another 48 hrs starting on Monday. Once again their attack was rebuffed. Also extremely encouraging is the COT for silver which saw bankers start to unload their massive shortfall

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY FELL BY 687 contracts from 195,132 DOWN TO 194,445 DESPITE THE HUGE RISE IN THE PRICE THAT SILVER TOOK WITH RESPECT TO YESTERDAY’S TRADING (UP 21 CENT(S). SIMPLE EXPLANATION: THE BANKERS HAVE CAPITULATED..THEY ARE TRYING TO COVER THEIR SHORTFALL AT HIGHER AND HIGHER PRICES. THE BANKERS ARE LOATHER TO SUPPLY ADDITIONAL SHORT PAPER AND LONGS ARE COMING IN LIKE GANG BUSTERS.

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.972 BILLION TO BE EXACT or 139% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 88 NOTICE(S) FOR 440,000 OZ OF SILVER

In gold, the open interest ROSE by A CONSIDERABLE 11,516 WITH the RISE in price of gold ($10.70 GAIN ON YESTERDAY.) The new OI for the gold complex rests at 475,913. IN COMPLETE CONTRAST TO SILVER, THE BANKERS SUPPLIED THE MASSIVE AMOUNT OF PAPER SHORT GOLD WHICH WAS GOBBLED UP BY THE LONGS. THE NEWBIE SPEC SHORTS HAVE NO DOUBT COVERED THEIR POSITION. NO WONDER A RAID WAS CALLED UPON BY THE ELITE TO ROB THE NEWBIE LONGS.

we had: 19 notice(s) filed upon for 1900 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

Today, no changes in gold inventory:

Inventory rests tonight: 786.87 tonnes



(from Tuesday through Thursday we lost .17 tonnes which paid for fees)

IN THE LAST 21 TRADING DAYS: GLD SHEDS 50.1 TONNES YET GOLD IS HIGHER BY $48.95 .

SLV

Today: : WE NO CHANGES IN SILVER INVENTORY TONIGHT:

INVENTORY RESTS AT 335.825 MILLION OZ BUT WE LOST 3.781 MILLION OZ FROM TUESDAY THROUGH TO THURSDAY.

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver FALL BY 687 contracts from 195,132 UP TO 194,445 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787). THE FALL IN OPEN INTEREST WAS ACCOMPANIED BY A HUGE RISE IN PRICE AND FOR THE FIRST TIME WE ARE WITNESSING BANKER CAPITULATION. BANKERS ARE LOATHE TO SUPPLY NEW SHORT PAPER AND THE LONGS CONTINUE TO ENTER THE ARENA PURCHASING WHATEVER SILVER THEY CAN.

(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 THURSDAY night/FRIDAY morning: Shanghai closed DOWN 53.21 POINTS OR 1.63% / /Hang Sang CLOSED DOWN 560.49 POINTS OR 2.04% The Nikkei closed DOWN 8.97 POINTS OR .05%/Australia’s all ordinaires CLOSED DOWN 1.15%/Chinese yuan (ONSHORE) closed UP at 6.6651/Oil DOWN to 48.36 dollars per barrel for WTI and 51.68 for Brent. Stocks in Europe OPENED DEEPLY IN THE RED , Offshore yuan trades 6.6784 yuan to the dollar vs 6.7201 for onshore yuan. NOW THE OFFSHORE IS WEAKER TO THE ONSHORE YUAN/ ONSHORE YUAN STRONGER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA IS HAPPY TODAY
3a)THAILAND/SOUTH KOREA/NORTH KOREA

i)NORTH KOREA//USA

Tuesday:

Japan presents a paper suggesting that North Korea might be in possession of a miniature nuclear warhead and that would be deadly to the world.

( zerohedge)

ii)THURSDAY NIGHT



North Korea responds to Trump as he vows to mercilessly wipe out “provocateurs”. He also states that the USA will suffer its final doom.

I personally do not feel that they have the capability of reaching Guam or for that matter any part of the USA. I may be wrong but all their equipment is from the 1970’s or 1960’s.

However, I agree that it is nerve-racking





( zerohedge)

iii)THURSDAY NIGHT

The Pentagon plan for a pre-emptive strike on North Korea: use non nuclear B1 bombers

(courtesy zerohedge)

iv)FRIDAY AFTERNOON

North Korea issues emergency standby orders to its civil defense units:



(courtesy zero hedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA

THIS IS NOT WHAT THE WORLD WANTS TO HEAR:

China will resist regime change in North Korea

( zero hedge)
4. EUROPEAN AFFAIRS

SPAIN

First it was Greece, receiving a multitude of migrants through Turkey. Then it was Italy who this year has received the bulk of new migrants floating across the Med. Now it is Spain..
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

i)Russia/USA

Funny!! The Press is love this: Trump thanks Putin for kicking out 755 diplomats and the uSA will save a lot of money

( zero hedge)

ii)Russia and China’s plan to defuse the Korean crisis. North Korea would suspend all new ballistic missile tests and the the USA South Korea would suspend large scale naval exercises. Not sure the USA would go for this as they could not trust the North Koreans
( zerohedge)


6 .GLOBAL ISSUES
7. OIL ISSUES

i)This is something that i have been worrying about: China importing less imports as its SPDR oil is filled to the brim and cannot take on any more oil

( Paraskova/Oil Price.com)

ii)Rig counts rise by only but production will increases. We have highlighted this to you in the past: just because rig count increases fall to zero, it doesn’t stop USA production..it rise for about a year and then peters out.
( zerohedge)
8. EMERGING MARKET


9. PHYSICAL MARKETS

i)This is a good commentary from Mike Norman. I read this on Wednesday and it is worth repeating for those who did not see it. He says correctly that continual sanctions by the uSA destroys the use of the USA dollar and by definition is the noose that kills off the uSA dollar



( Mike Norman/The Street.com/GATA)

ii)Ron Paul describes in detail how the uSA stabilization fund rigs the price of gold



( Ron Paul/GATA)

iii)Craig Hemke states that the bullion banks are still capping gold and silver prices. This time I will have to disagree with him on silver. Gold yes but silver is their Achilles heel



( Craig Hemke/TFMetals)

iv)The Wall Street Journal is now asking questions about the gold at the Federal Reserve Bank of NY. Interesting enough the uSA only has about 500 tonnes of official gold held there. Most of the uSA gold is stored at Fort Knox Ky., some at West Point NY and the remainder at NORAD under the mountain in Colorado.



( Chris Powell/GATA)

v)John Embry correctly states that the cryptos are revealing inflation simply because the bankers have not figured out yet how to short them



( John Embry/GATA)

vi)If gold was not manipulated, this is what is should be trading around today: $3500.00

( zero hedge)
10. USA Stories

i)From Tuesday: the Uber effect whacks Avis

( zero hedge)

ii)And now UBER itself is in a mess as its largest shareholder has declared a state of emergency( Bloomberg)

iii)This is not what Janet wants to see: consume prices disappoint for the 5th month in a row. But most importantly she needs to see a rise in wage inflation, and it is just not happening for her. It will be difficult to raise rates



( zero hedge)

iv)Now Mueller is going after Manafort’s family in the hope that the lower rung on the ladder will supply information to charge the higher levels on the ladder:

( zero hedge)

v)Then finally, the laid back Republicans strike back as they demand an open hearing with respect to the on goings of Mueller

( zerohedge)

vi)This is interesting: the judge handling the freedom of information case against the state department has now ordered the said State Dept. to search for Hillary’s Benghazi emails
( zero hedge)

vii a)This is not what Janet wants to see: consume prices disappoint for the 5th month in a row. But most importantly she needs to see a rise in wage inflation, and it is just not happening for her. It will be difficult to raise rates

( zero hedge)

vii) b And with the 5th consecutive miss, Goldman Sachs cuts its odds for a rate hike. The uSA cannot get wage inflation(courtesy zerohedge)
Let us head over to the comex:

The total gold comex open interest ROSE BY A HUGE 11,516 CONTRACTS UP to an OI level of 475,913 WITH THE HUGE RISE IN THE PRICE OF GOLD ($10.70 with YESTERDAY’S trading). NEWBIE LONGS ENTERED THE ARENA WITH THE BANKERS SUPPLYING THE PAPER. NEWBIE SPEC SHORTS ARE NOW COMPLETELY OUT OF THEIR POSITIONS. THE HUGE RISE IN OPEN INTEREST WAS FODDER FOR THE CROOKS TO RAID TODAY.

We are now in the contract month of August and it is the 3rd best of the delivery months after December and June.

The active August contract LOST 12 contract(s) to stand at 1262 contracts. We had 106 notices filed upon YESTERDAY so we GAINED 94 contracts or an additional 9400 oz will stand at the comex and 0 EFP’s were issued which entitles the long holder to a fiat bonus plus a futures contract and most probably that would be a London based forward.

The non active September contract month saw it’s OI LOSE 178 contracts DOWN to 1522.

The next active contract month is Oct and here we saw a GAIN of 2535 contracts UP to 50,039.

The very big active December contract month saw it’s OI GAIN 9,239 contracts up to 371,145.

We had 19 notice(s) filed upon today for 1900 oz

For those keeping score: in the upcoming front delivery month of August:

LAST YEAR WE HAD A MONSTROUS 44.7 TONNES OF GOLD INITIALLY. BY THE CONCLUSION OF THE AUGUST CONTRACT MONTH 44.358 TONNES STOOD FOR DELIVERY.
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And now for the wild silver comex results. Total silver OI FELL BY 687 contracts FROM 195,132 DOWN TO 194,445 WITH YESTERDAY’S GOOD SIZED 21 CENT GAIN . THERE IS NO QUESTION THAT WE ARE HAVING BANKER CAPITULATION AS THE HUGE TOTAL SILVER COMEX OPEN INTEREST HAS FINALLY CHOKED THEM TO DEATH. AS I HAVE WARNED YOU, THE NOOSE IS AROUND OUR BANKERS’ NECKS AND SOMETHING HAPPENED IN THE SILVER ARENA FORCING THEM TO COVER AS FAST AS THEIR FEET COULD CARRY THEM. NEWBIE SPEC LONGS ENTERED THE SILVER COMPLEX AND ON THE SUPPLY SIDE: MANY WERE JUST PLAIN LOATHE TO SUPPLY THE NECESSARY PAPER. THUS A SMALL DECLINE IN SILVER OI BUT A GOOD SIZED RISE IN PRICE.

We are now in the next big non active silver contract month of August and here the OI ROSE BY 68 contracts UP TO 160. We had 77 notice(s) filed yesterday. Thus we GAINED 134 contract(s) or an additional 725,000 oz will stand for delivery in this non active month of August and zero EFP’s were issued for the August contract month.

The next active contract month is September (and the last active month until December) saw it’s OI fall by 3838 contacts down to 112,506. The next non active contract month for silver after September is October and here the OI gained 10 contacts up TO 83. After October, the big active contract month is December and here the OI GAINED by 2798 contracts UP to 71,174 contracts.

We had 88 notice(s) filed for 440,000 oz for the AUGUST 2017 contract

VOLUMES: for the gold comex

Today the estimated volume was 174,618 contracts which is FAIR/

FRIDAY’S confirmed volume was 284,321 contracts which is EXCELLENT

volumes on gold are STILL HIGHER THAN NORMAL!
Initial standings for AUGUST

August 11/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
32.15 oz
BRINKS
1 KILOBAR
Deposits to the Dealer Inventory in oz oz
Deposits to the Customer Inventory, in oz
nil oz
No of oz served (contracts) today

19 notice(s)
1900 OZ
No of oz to be served (notices)
1243 contracts
(124,300 oz)
Total monthly oz gold served (contracts) so far this month
4487 notices
448.700 oz
13.596 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 17,714.65 oz
Today we HAD 1 kilobar transaction(s)/
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: 0 oz
we had 0 customer deposit(s):
total customer deposits;nil oz
We had 0 customer withdrawal(s)
total customer withdrawals; nil oz
we had 0 adjustment(s)

For AUGUST:

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 19 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.
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To calculate the initial total number of gold ounces standing for the AUGUST. contract month, we take the total number of notices filed so far for the month (4487) x 100 oz or 448,700 oz, to which we add the difference between the open interest for the front month of AUGUST (1262 contracts) minus the number of notices served upon today (19) x 100 oz per contract equals 573,000 oz, the number of ounces standing in this active month of AUGUST.

Thus the INITIAL standings for gold for the AUGUST contract month:
No of notices served so far (4487) x 100 oz or ounces + {(1262)OI for the front month minus the number of notices served upon today (19) x 100 oz which equals 573,000 oz standing in this active delivery month of AUGUST (17.822 tonnes)
we GAINED 94 contracts or an additional 9400 oz will stand for delivery and 0 EFP’s for August were issued.
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Total dealer inventory 758,510.492 or 23.59 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,634,161.10 or 268.55 tonnes

Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 268.55 tonnes for a loss of 33 tonnes over that period. Since August 8/2016 we have lost 84 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 12 MONTHS 84 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE AUGUST DELIVERY MONTH

August initial standings
August 11 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
883,411.490 oz
Brinks
Delaware
Scotia
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
1,162,096.134
oz
CNT
Scotia
No of oz served today (contracts)
88 CONTRACT(S)
(440,000 OZ)
No of oz to be served (notices)
72 contracts
( 360,000 oz)
Total monthly oz silver served (contracts) 810 contracts (4,050,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this month NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month 2,056,136.4 oz
today, we had 0 deposit(s) into the dealer account:
total dealer deposit: nil oz
we had 0 dealer withdrawals:
total dealer withdrawals: NIL oz
we had 3 customer withdrawal(s):
ii) out of Brinks: 235,300.33 oz
ii) out of Delaware: 6020.21 oz
iii) out of Scotia: 642,090.955 oz
TOTAL CUSTOMER WITHDRAWALS: 883,411.490 oz
We had 2 Customer deposit(s):
i) Into CNT: 600,445.094 oz
ii) Into JPMorgan: 561,651.04
***deposits into JPMorgan have resumed again
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
why is JPMorgan bringing in so much silver??? why is this not criminal in that they are also the massive short in silver
total customer deposits: 1,162,096.134 oz

we had 0 adjustment(s)
The total number of notices filed today for the AUGUST. contract month is represented by 88 contract(s) for 440,000 oz. To calculate the number of silver ounces that will stand for delivery in AUGUST., we take the total number of notices filed for the month so far at 810 x 5,000 oz = 4,050,000 oz to which we add the difference between the open interest for the front month of AUGUST (160) and the number of notices served upon today (88) x 5000 oz equals the number of ounces standing



.

Thus the INITIAL standings for silver for the AUGUST contract month: 810 (notices served so far)x 5000 oz + OI for front month of AUGUST(160 ) -number of notices served upon today (88)x 5000 oz equals 4,410,000 oz of silver standing for the AUGUST contract month. This is extremely high for a non active delivery month. Silver is being constantly demanded at the silver comex and we witness again the amount of silver increases daily right from the get go.
We GAINED ANOTHER 134 contracts or an additional 725,000 oz wishes to stand for delivery in this non active month of August and 0 EFP’s were issued for the silver August month.
At this point in the delivery cycle last year on August 11/2016 we had 119,476 contracts standing vs this yr at 113,151.
Last yr on the first day notice for the Sept contract we had 17.070 million oz stand for delivery.
By month end: 16.075 million oz/




Volumes: for silver comex
Today the estimated volume was 65,877 which is EXCELLENT
FRIDAY’s confirmed volume was 126,255 contracts which is OUT OF THIS WORLD
YESTERDAY’S CONFIRMED VOLUME OF 126,255 CONTRACTS WHICH EQUATES TO 632 MILLION OZ OF SILVER OR 90% OF ANNUAL GLOBAL PRODUCTION OF SILVER EX CHINA EX RUSSIA). IN OUR HEARINGS THE COMMISSIONERS STRESSED THAT THE OPEN INTEREST SHOULD BE AROUND 3% OF THE MARKET.

Total dealer silver: 38.348 million (close to record low inventory
Total number of dealer and customer silver: 215.981 million oz
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42
The previous record was 224,540 contracts with the price at that time of $20.44
end
NPV for Sprott and Central Fund of Canada


1. Central Fund of Canada: traded at Negative 6.7 percent to NAV usa funds and Negative 6.9% to NAV for Cdn funds!!!!
Percentage of fund in gold 62.5%
Percentage of fund in silver:37.5%
cash .+0.0%( August 11/2017)
2. Sprott silver fund (PSLV): STOCK NAV RISES TO +0.18% (August 11/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES TO -0.32% to NAV (August 11/2017 )
Note: Sprott silver trust back into POSITIVE territory at +0.18/Sprott physical gold trust is back into NEGATIVE/ territory at -0.32%/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

http://www.cbc.ca/news/canada/calgary/sprott-takeover-bid-central-fund-c…

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

August 11/no change in gold inventory/Inventory rests at 786.87 tonnes

August 7/no changes in gold inventory at the GLD/Inventory rests at 787.14 tonnes

AUGUST 4/ANOTHER LOSS OF 4.48 TONNES OF GOLD FROM GLD INVENTORY/INVENTORY RESTS AT 787.14 TONNES.THIS IS A HUGE CRIME SCENE!!

August 3/no change in gold inventory at the GLD/Inventory rests at 791.88 tonnes

August 2/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 791.88 TONNES

Aug 1/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 791.88 TONNES

July 31/NO CHANGES AT THE GLD/INVENTORY RESTS AT 791.88 TONNES

July 28/ANOTHER MASSIVE WITHDRAWAL OF 3.54 TONNES OF GOLD WITH GOLD UP $9.15/INVENTORY RESTS AT 791.88 TONNES

July 27/LATE LAST NIGHT, A HUGE WITHDRAWAL OF 5.03 TONNES WITH GOLD UP $10.45 ON THE DAY/INVENTORY RESTS AT 795.42 TONNES

July 26/NO CHANGE IN GLD INVENTORY WITH GOLD DOWN $2.55/INVENTORY RESTS AT 800.45 TONNES

July 25/A MASSIVE 9.17 TONNES OF GOLD WITHDRAWN FROM THE GLD/INVENTORY RESTS AT 800.45 TONNES

July 24/A massive 9.62 tonnes withdrawal and yet the price remains constant (down only 25 cents)..inventory drops to 809.62 tonnes

July 21/with gold up $8.75 again, we had no changes in gold inventory at the GLD/inventory rests at 816.13 tonnes

July 20/WITH GOLD UP AGAIN TODAY ($3.50) WE HAD NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 816.13 TONNES

jULY 19/STRANGE!! AGAIN WITH GOLD UP $0.50 WE HAD ANOTHER HUGE 5.32 TONNES WITHDRAWAL FROM THE GLD/INVENTORY RESTS AT 816.13 TONNES THIS GOLD IS HEADING TO SHANGHAI

July 18/STRANGE AGAIN/WITH GOLD UP $7.50 WE HAD ANOTHER HUGE 5.62 TONNES WITHDRAWAL FROM THE GLD/INVENTORY RESTS AT 821.45 TONNES

July 17/strange again! with gold up $4.20 we had another huge withdrawal of 1.77 tonnes/inventory rests at 827.07 tonnes

July 14/strange@!!with gold up $12.00 today, we had a huge withdrawal of 3.55 tonnes/inventory rests at 828.84 tonnes

July 13/no change in gold inventory at the GLD/inventory rests at 832.39 tonnes

JULY 12/no change in gold inventory at the GLD/inventory rests at 832.39 tonnes

July 11/strange!@! we had a big withdrawal of 2.96 tonnes despite gold’s advance today/inventory rests tonight at 832.39 tonnes

July 10/no changes in gold inventory at the GLD/inventory rests at 835.35 tonnes

July 7/a massive withdrawal of 5.32 tonnes of paper gold were removed and this was used in the attack today/inventory rests at 835.35 tonnes

July 6/no changes in tonnage at the GLD/Inventory rests at 840.67 tonnes

July 5/A MASSIVE 5.62 TONNES OF GOLD LEFT THE GLD AND NO DOUBT WAS USED IN THE RAID THIS MORNING/INVENTORY REST

July 3/ A MASSIVE 7.37 TONNES OF GOLD LEAVE THE GLD/INVENTORY RESTS AT 846.29 TONNES
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August 11 /2017/ Inventory rests tonight at 786.87 tonnes
*IN LAST 211 TRADING DAYS: 163.01 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 149 TRADING DAYS: A NET 5.58 TONNES HAVE NOW BEEN WITHDRAWN FROM GLD INVENTORY.
*FROM FEB 1/2017: A NET 22.39 TONNES HAVE BEEN WITHDRAWN.

end
Now the SLV Inventory

August 11/no change in silver inventory tonight. However we lost 3,781 million oz from Tuesday through Thursday. Inventory rests at 335.825 million oz/

August 7/no change in silver inventory at the SLV/Inventory rests at 339.606 million oz

AUGUST 4/A WITHDRAWAL OF 945,000 OZ/INVENTORY RESTS AT 339.606 MILLION OZ

August 3/A WITHDRAWAL OF 1,181,000 OZ FROM THE SLV/INVENTOR RESTS AT 340.551 MILLION OZ/

August 2/NO CHANGES IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 341.732 MILLION OZ/

August 1/A HUGE WITHDRAWAL OF 945,000 OZ/INVENTORY RESTS AT 341.732 MILLION OZ/

July 31/no change in silver inventory at the SLV/inventory rests at 342.677 million oz

July 28/ A HUGE WITHDRAWAL OF 1.15 MILLION OZ OF SILVER LEAVES THE SLV DESPITE SILVER BEING UP 11 CENTS TODAY/INVENTORY RESTS AT 342.677 MILLION OZ

July 27/NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 343.812 MILLION OZ WITH SILVER UP 13 CENTS TODAY.

July 26/NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 343.812 MILLION OZ

July 25/A MASSIVE 3.309 MILLION OZ OF INVENTORY WITHDRAWN FROM THE SLV DESPITE SILVER’S 10 CENT RISE TODAY.

July 24/no change in silver inventory despite its 4 cent drop/inventory remains at 347.121 million oz

July 21/STRANGE! WITH SILVER UP AGAIN TODAY (11 CENTS), NO CHANGE IN SILVER INVENTORY AT THE SLV/inventory 347.121 million oz/

July 20/STRANGE! WITH SILVER UP AGAIN TODAY, THE SLV INVENTORY LOWERS BY 945,000 OZ/INVENTORY RESTS AT 347.121 MILLION OZ/

July 19/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 348.066 MILLION OZ

July 18/a huge 946,000 oz withdrawal from the SLV despite silver’s 16 cent gain!

Inventory rests at 348.066 million oz

July 17/no change in silver inventory at the SLV/Inventory rests at 349.012 million oz

July 14/no change in silver inventory/inventory rests at 349.012 million oz/

July 13/no change in silver inventory/inventory at the SLV rests at 349.012 million oz/

JULY 12/another massive 1.986 million oz of silver added into the SLV/inventory rests at 349.012 million oz/the last 3 days saw 7.281 million oz added into the SV

July 11/ANOTHER MASSIVE INCREASE OF 2.364 MILLION OZ into the SLV inventory/inventory rests at 347.026 million oz

July 10/ A HUGE INCREASE OF 2.931 MILLION OZ OF SILVER DESPITE THE EARLY HIT ON SILVER THIS MORNING/INVENTORY RESTS AT 344.662 MILLION OZ.

July 7/Strange: no change in inventory (compare that with gold) Inventory rests at 341.731 million oz

July 6/ANOTHER MASSIVE DEPOSIT OF 2.126 MILLION OZ INTO THE SLV INVENTORY/INVENTORY RESTS AT 341.731 MILLION OZ.

July 5/STRANGE! NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 339.605 MILLION OZ

July 3/strange! with the huge whacking of silver we got an increase of 379,000 oz into inventory.

August 11.2017:
Inventory 335.825 million oz
end

6 Month MM GOFO

Indicative gold forward offer rate for a 6 month duration
+ 1.33%
12 Month MM GOFO
+ 1.48%
30 day trend

end

At 3:30 we receive the COT report which gives up position levels of our major players. This report gives levels as of August 8. You will recall last week that the commercials went deeply short. let us see what these crooks did this week:


Gold COT Report – Futures
Large Speculators Commercial Total
Long Short Spreading Long Short Long Short
246,377 97,540 36,408 125,168 284,679 407,953 418,627
Change from Prior Reporting Period
6,611 -12,554 -3,589 -1,723 14,403 1,299 -1,740
Traders
152 94 79 57 56 241 201

Small Speculators
Long Short Open Interest
40,774 30,100 448,727
-1,281 1,758 18
non reportable positions Change from the previous reporting period
COT Gold Report – Positions as of Tuesday, August 8, 2017
LARGE SPECULATORS

Our large speculators that have been long in gold added a large 6611 contracts to their long side

Our large specs that have been short in gold covered a huge 12,554 contracts from their short side (something which I highlighted to you on Monday and Tuesday)

Specs go net long by 19,000 contracts.
COMMERCIALS

Our crooked commercials who are long in gold pitched 1723 contracts from their long side

the commercials who are short in gold added a whopping 14,403 contracts to their short side (while gold was rising and we indicated this to you throughout the week)

commercials go net short by 16000 contracts


SMALL SPECULATORS
Our small specs who have been long in gold pitched 1281 contracts from their long side
Our small specs who have been short in gold added 1758 contracts to their short side.
Conclusions: recipe for a raid as the commercials go net short by 16,000 contracts. they tried today but failed.

END



AND NOW FOR OUR SILVER COT

I got this one right.

you will recall that I told you the bankers despite being net short last week, that they were having trouble covering. I told you that this week’s COT would be important to see if the bankers would start to capitulate. They did!!
LARGE SPECULATORS

those large specs that have been long in silver pitched 914 contracts from their long side (at higher prices)

those large specs that have been short in silver covered 4019 contracts from their short side.

large specs go net long by 3100 contracts.






COMMERCIALS

those commercials that have been long in silver pitched 1320 contracts from their long side

those commercials that have been short capitulated and covered 1426 contracts. The covering started in earnest last Wednesday so you will witness in flashing lights that the next COT report will show increased capitulation

commercials go net long by 100 contracts.




SMALL SPECULATORS



Our small specs that have been long in silver pitched 443 contracts from their long side (at higher prices)

Our small specs that have been short in silver added 2765 contract to their short side and these guys got buried. They probably covered yesterday and today.

Conclusions: bullish/banker capitulation commenced.

News and Commentary

Gold ends at 2-month high: Risk aversion is back on (MarketWatch.com)

Stocks Drop Most Since May, Bonds Rally on Tension (Bloomberg.com)

GUNDLACH: Gold’s chart has ‘one of the most bullish’ patterns around (BusinessInsider.com)

Dalio Recommends Gold as Hedge Against Rising Political Risk (Bloomberg.com)

‘Gold is about break out on the upside strongly,’ Dennis Gartman says (CNBC.com)

Everybody Needs To Put 5% to 10% of Their Money In Gold (BusinessInsider.com)

These 7 billionaires are worried about a stock-market correction (MarketWatch.com)

Sanctions will destroy the dollar (TheStreet.com)

Bitcoin Debate between Keiser and Schiff (Youtube.com)

Decade after financial crisis, World is still hooked on debt that caused it (Telegraph.co.uk)

Related Content
“Do You Own Gold?” Ray Dalio at CFR: “Oh Yeah, I Do”
Gold Selling “Malevolent Force”? – Dennis Gartman
Gold Is Undervalued – Leading Money Managers

Gold Prices (LBMA AM)

11 Aug: USD 1,288.30, GBP 993.67 & EUR 1,096.47 per ounce
10 Aug: USD 1,278.90, GBP 985.39 & EUR 1,091.67 per ounce
09 Aug: USD 1,267.95, GBP 974.80 & EUR 1,079.79 per ounce
08 Aug: USD 1,261.45, GBP 967.78 & EUR 1,068.20 per ounce
07 Aug: USD 1,257.55, GBP 963.41 & EUR 1,065.90 per ounce
04 Aug: USD 1,269.30, GBP 964.92 & EUR 1,068.37 per ounce
03 Aug: USD 1,261.80, GBP 952.41 & EUR 1,064.96 per ounce

Silver Prices (LBMA)

10 Aug: USD 17.08, GBP 13.14 & EUR 14.57 per ounce
09 Aug: USD 16.59, GBP 12.76 & EUR 14.14 per ounce
08 Aug: USD 16.39, GBP 12.57 & EUR 13.87 per ounce
07 Aug: USD 16.13, GBP 12.35 & EUR 13.67 per ounce
04 Aug: USD 16.70, GBP 12.71 & EUR 14.07 per ounce
03 Aug: USD 16.47, GBP 12.50 & EUR 13.91 per ounce
02 Aug: USD 16.67, GBP 12.60 & EUR 14.09 per ounce


Recent Market Updates

– Great Disaster Looms as Technology Disrupts White Collar Workers
– Gold Sees Safe Haven Gains On Trump “Fire and Fury” Threat
– Silver Mining Production Plummets 27% At Top Four Silver Miners
– Gold Consolidates On 2.5% Gain In July After Dollar Has 5th Monthly Decline
– Gold Coins and Bars See Demand Rise of 11% in H2, 2017
– Greenspan Warns Stagflation Like 1970s “Not Good For Asset Prices”
– What Investors Can Learn From the Japanese Art of Kintsukuroi
– Bitcoin, ICO Risk Versus Immutable Gold and Silver
– This Is Why Shrinkflation Is Making You Poor
– Gold A Good Store Of Value – Protect From $217 Trillion Global Debt Bubble
– Why Surging UK Household Debt Will Cause The Next Crisis
– Gold Seasonal Sweet Spot – August and September – Coming
– Commercial Property Market In Dublin Is Inflated and May Burst Again

end
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Thank You Harvey Love Your Data
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http://www.silverdoctors.com/tag/harvey-organ

gys

Hope your having a Wonderful Weekend <3
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