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Sept 26/COMEX OPTIONS EXPIRY CROOKS IN ACTION TODAY LOWERING THE PRICE OF GOLD BY $9.65 TO $1298.45 AND SILVER BY 24 CENTS DOWN TO $16.87/SILVER DEMAND AT COMEX REMAINS STRONG AS 32.7 MILLION OZ ARE STANDING FOR PHYSICAL/
September 26, 2017 · by harveyorgan · in Uncategorized · 1 Comment

GOLD: $1298.45 DOWN $9.65

Silver: $16.87 DOWN 24 CENT(S)

Closing access prices:

Gold $1294.00

silver: $16.80

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: $1317.93 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1310.30

PREMIUM FIRST FIX: $6.78 (premiums getting larger)

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SECOND SHANGHAI GOLD FIX: $1314.74

NY GOLD PRICE AT THE EXACT SAME TIME: $1311.90

Premium of Shanghai 2nd fix/NY:$2.84

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LONDON FIRST GOLD FIX: 5:30 am est $1306.80

NY PRICING AT THE EXACT SAME TIME: $1306.05

LONDON SECOND GOLD FIX 10 AM: $1300.05

NY PRICING AT THE EXACT SAME TIME. 1300.55
For comex gold:
SEPTEMBER/

NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 10 NOTICE(S) FOR 1000 OZ.

TOTAL NOTICES SO FAR: 93 FOR 9300 OZ (0.2892 TONNES)
For silver:
SEPTEMBER
157 NOTICES FILED TODAY FOR
785,000 OZ/
Total number of notices filed so far this month: 6,460 for 32,300,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

end

Let us have a look at the data for today

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In silver, the total open interest FELL BY 712 contracts from 188,644 DOWN TO 187,932 DESPITE THE GOOD SIZED RISE IN PRICE THAT SILVER UNDERTOOK IN YESTERDAY’S TRADING (UP 16 CENTS ).IT SURE LOOKS LIKE WE GOT A TINY AMOUNT OF SILVER SHORTS TO COVER. TODAY IS OPTIONS EXPIRY ON THE COMEX AND ALWAYS THEY RAID LIKE CLOCKWORK.

RESULT: A SMALL FALL IN OI COMEX WITH THE 16 CENT PRICE RISE. IT LOOKS LIKE WE HAD A TINY AMOUNT OF BANKER SHORTS COVERING EVEN THOUGH THEY WERE RAIDING TODAY.

In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.939 BILLION TO BE EXACT or 134% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 157 NOTICE(S) FOR 785,000 OZ OF SILVER

In gold, the open interest ROSE BY A LESS THAN EXPECTED 5,971 CONTRACTS DESPITE THE HUGE RISE in price of gold ($14.00 GAIN WITH YESTERDAY’S COMEX TRADING. The new OI for the gold complex rests at 558,350. WE HAVE NOW ENTERED OPTIONS EXPIRY WEEK AND TODAY WAS THE FINAL DAY FOR COMEX OPTIONS SO IT WAS NOT SURPRISE THAT THE CROOKS RAIDED TODAY.



Result: A SMALL INCREASE IN OI WITH THE GOOD SIZED RISE IN PRICE IN GOLD ($14.00).

we had: 10 notice(s) filed upon for 1000 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

Tonight , no changes in gold inventory at the GLD



Inventory rests tonight: 856.08 tonnes.

SLV

Today: a no changes in inventory:

INVENTORY RESTS AT 326.757 MILLION OZ

end

.

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

1. Today, we had the open interest in silver FELL BY 712 contracts from 188,932 DOWN TO 187,932 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) . IT SURE SEEMS THAT SOME OF OUR BANKER SHORTS THOUGHT TO COVER EVEN THOUGH THEY KNEW THAT THEY WERE RAIDING TODAY.

RESULT: A SMALL SIZED DROP IN SILVER OI AT THE COMEX WITH THE GOOD SIZED RISE IN PRICE OF 16 CENTS IN YESTERDAY’S TRADING.

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)



2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg
3. ASIAN AFFAIRS

i)Late MONDAY night/TUESDAY morning: Shanghai closed UP 2.03 POINTS OR 0.06% / /Hang Sang CLOSED UP 12.67 POINTS OR 0.05%/ The Nikkei closed UP 67.38 POINTS OR 0.33%/Australia’s all ordinaires CLOSED DOWN 0.21%/Chinese yuan (ONSHORE) closed WELL DOWN at 6.6305/Oil DOWN to 51.97 dollars per barrel for WTI and 58.63 for Brent. Stocks in Europe OPENED MOSTLY MIXED TO RED . Offshore yuan trades 6.6273 yuan to the dollar vs 6.6305 for onshore yuan. NOW THE OFFSHORE MOVED MUCH STRONGER TO THE ONSHORE YUAN/ ONSHORE YUAN HUGELY WEAKER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE STRONGER DOLLAR. CHINA IS NOT VERY HAPPY TODAY


3a)THAILAND/SOUTH KOREA/NORTH KOREA

i)North Korea

North Korea is following through on its threats to shoot down USA fighter jets and bombers that travel near its airspace as it boosts its coastal defenses”

( zerohedge)
ii)McMaster stats that the USA has 4 or 5 options dealing with North Korea some worse than others

( zerohedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

An excellent commentary on the Kurdish situation in Iraq, Syria and Turkey and how they want statehood and eventually be combined into one country

(courtesy E Magnier )
end
6 .GLOBAL ISSUES



i)Bali, Indonesia

Bali, a huge destination for tourists must be cognizant of our next natural disaster looming: an imminent volcanic eruption

(courtesy Mac Slavo/SHFTPlan.com)

ii)Quebec, Canada

First the UK and now Quebec, Canada: Uber must cease all operation in Quebec province.

( zero hedge)
7. OIL ISSUES

WTI climbs back over 52 dollars on an unexpected crude draw

( zerohedge)
8. EMERGING MARKET
9. PHYSICAL MARKETS
i) Gold trading:the clowns are at it again: more policy error!

ii)Keith Neumeyer on the demoralization of gold/silver investors/miners

(Kingworldnews/Keith Neumeyer)

iii)We brought this to your attention last week: Hugo’s report that when China links oil to gold, the world will change as the Petrodollar scheme slowly disintegrates as excess dollars around the world will not be needed and thus they re enter the uSA causing massive inflation
(Hugo Salinas Price/GATA)

iv) Chris Mullen’s report from last week’s conference on the future of money, metals, and liberty
( Chris Mullen/Goldseek/GATA)
10. USA Stories

i)The last ditch effort to repeal Obamacare ends after Collins says no to the Cassidy-Graham bill

( zerohedge)

ii)Leaks on Trump’s tax proposal is down to 3 levels and the lowest rate has been raised from 10 to 12% but double the standard deduction to 12,000. Many lower income citizens will thus end up paying no tax. As David Stockman suggests, a huge number of filers in the uSA pay no tax and this number will increase. USA needs a consumption tax for additional revenue.

(courtesy zerohedge)

iii)USA Consumer Confidence drops as Americans are now beginning to lose faith even in the stock market

( zerohedge)

iv)New home sales, (hard data) continues to show a pattern of now growth. Sales tumbles to the lowest level in one year.



( zerohedge)

v)Steve Bannon on the warpath against Republican establishment such as Mitch McConnell as he predicts a day of reckoning for them. He blasts the NFL for their behaviour on Sunday and Monday night

( zerohedge)

vi) Famed real estate expert Sam Zell warns that this is not a time to buy any real estate: it is a falling knife…the amazon effect on bricks and mortar operations

( zerohedge)



vii)Connecticut’s capital Hartford has just been downgraded to deep junk, CC ,and S and P now states that their default is a virtual certainty



( zerohedge)



viii)This is getting stranger by the minute. We now learn that the IRS has already been investigating Manafort and yet they did not participate in the raid at his house in which the subject was tax evasion. There is a very limited amount of information that can be shared between the IRS and Mueller. It can go one way from Mueller to the IRS but not the other way. The object of the exercise is eventually to get dirt on Trump



( zerohedge)


Let us head over to the comex:

The total gold comex open interest ROSE BY LESS THAN EXPECTED 5971 CONTRACTS UP to an OI level of 558,350 WITH THE RISE IN THE PRICE OF GOLD ($16.00 GAIN IN YESTERDAY’S TRADING).

Result: a SMALLER SIZED open interest INCREASE WITH THE GOOD SIZED RISE IN THE PRICE OF GOLD ( $14.00.)


The new non active September contract month saw it’s OI FELL BY 11 contracts DOWN to 528. We had 0 notices filed UPON YESTERDAY so we LOST 11 contracts or an additional 1100 oz will not stand for delivery in this non active month of September. We had 11 EFP’s ISSUED FOR SEPTEMBER which entitles them to a fiat bonus plus a deliverable contract on a different exchange and most likely that would be London. These are private deals so we do not get to see the makeup of these deals only the number of EFP’s issued.

The next active contract month is Oct and here we saw a LOSS of 2274 contracts DOWN to 19,482.

The November contract saw A GAIN OF 111 contracts UP to 838.

The very big active December contract month saw it’s OI LOSS OF 5319 contracts DOWN to 437,732.

We had 10 notice(s) filed upon today for 1000 oz
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And now for the wild silver comex results. Total silver OI FELL BY 712 CONTRACTS FROM 188,644 DOWN TO 187,932 WITH YESTERDAY’S GOOD SIZED 16 CENT GAIN IN PRICE. WE HAVE HAD CONSTANT TORMENT FROM THE BANKERS THESE PAST 11 DAYS, AND IT CONTINUED WITH TODAY BEING THE FINAL DAY FOR COMEX OPTIONS BUT WE STILL HAVE LONDON/OTC TO DEAL WITH AND THEY EXPIRE AT 9- 10 AM FRIDAY MORNING. HOWEVER OUR LONGS REMAIN RESOLUTE DETERMINED TO TAKE ON OUR BANKERS AS A TINY FRACTION OF SILVER LEAVES LEFT THE SILVER THEATRE. WE MUST HAVE HAD SOME BANKER SHORTS COVERING. WE AGAIN WITNESS THE AMOUNT STANDING FOR SILVER DELIVERY INCREASE AND THIS TIME BY 570,000 OZ. WE HAVE BEEN WITNESSING THIS PHENOMENA FOR THE PAST 5 MONTHS. (SEE BELOW).
RESULT: A SMALL DECREASE IN OI AT THE COMEX WITH A 16 CENT GAIN IN PRICE. DEMAND FOR PHYSICAL SILVER RISES AGAIN AS THE AMOUNT STANDING INCREASES FOR THE SEPT CONTRACT MONTH BY A GOOD SIZED 570,000 OZ.SILVER DEMAND REMAINS EXTREMELY STRONG/THE RAID ALL WEEK LONG HAD NEGLIGIBLE EFFECT ON OUR RESOLUTE LONGS. WE MUST HAVE HAD SOME SMALL NUMBER OF BANKERS COVER THEIR SHORTS WITH THE RISE IN SILVER PRICE

We are now in the active contract month of September (and the last active month until December). Today we witness Sept. OI GAIN 47 contacts UP to 239. We had 67 notices filed yesterday, so we again gained 114 contracts or an additional 570,000 oz will stand for delivery. This phenomenon has been happening in silver for the past 5 months whereby the amount standing increases on each and every delivery day. This queue jumping highlights the huge demand for silver that we have been witnessing around the globe. The next non active contract month for silver after September is October and here the OI GAINED 28 contacts UP TO 1095. November saw a GAIN of 8 contract(s) and thus RISING TO 85. After November, the NEXT big active contract month is December and here the OI LOST 1066 contracts DOWN to 149,036 contracts.

We had 157 notice(s) filed for 785,000 oz for the SEPT. 2017 contract

VOLUMES: for the gold comex

ESTIMATED VOLUME TODAY: 371,945 CONTRACTS / EXCELLENT

YESTERDAY’S confirmed volume was 384,465 which is EXCELLENT

volumes on gold are STILL HIGHER THAN NORMAL!
INITIAL standings for SEPTEMBER

Sept.26/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
105.675 oz
DELAWARE
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
nil oz
No of oz served (contracts) today

10 notice(s)
1,000 OZ
No of oz to be served (notices)
518 contracts
(51,800 oz)
Total monthly oz gold served (contracts) so far this month
93 notices
9300 oz
0.2892 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 39,990.7 oz
Today we HAD 1 kilobar transaction(s)/
WE HAD 0 DEALER DEPOSIT:
total dealer deposits: nil oz
We had nil dealer withdrawals:
total dealer withdrawals: 0 oz
we had 0 customer deposit(s):
i) Into Scotia: nil oz
total customer deposits; nil oz
We had 1 customer withdrawal(s)
i) Out of Delaware: 105.675 oz
total customer withdrawals; 105.675 oz
we had 1 adjustment(s)
Out of Manfra: 23,230.25 oz was adjusted out of the dealer Manfra and into the customer Manfra account: this was kilobars: 735 kilo bars.
For SEPT:

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 10 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 SEPTEMBER. contract month, we take the total number of notices filed so far for the month (93) x 100 oz or 9300 oz, to which we add the difference between the open interest for the front month of SEPT. (528 contracts) minus the number of notices served upon today (10) x 100 oz per contract equals 62,100 oz, the number of ounces standing in this active month of SEPT.

Thus the INITIAL standings for gold for the SEPTEMBER contract month:
No of notices served so far (93) x 100 oz or ounces + {(528)OI for the front month minus the number of notices served upon today (10) x 100 oz which equals 62,100 oz standing in this active delivery month of SEPTEMBER (1.931 tonnes)
We LOST 11 contracts OR AN ADDITIONAL 100 OZ WILL NOT STAND FOR GOLD and 1 EFP’s were issued for September which gives the long holder a fiat bonus plus a deliverable product on another exchange and that most likely will be London. IT IS OBVIOUS THAT THERE IS HARDLY ANY GOLD TO DELIVER UPON LONGS IN SEPTEMBER. THUS THE CROOKS USE THE EFP’S TO TRANSFER THEIR OBLIGATION TO ANOTHER EXCHANGE. THIS IS WHY OVER 7400 EFP’S WERE ISSUED FOR OCTOBER THIS PAST FRIDAY.
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Total dealer inventory 692,502.452 or 21.54 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,697,105..917 or 270.516 tonnes

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 13 MONTHS 83 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE AUGUST DELIVERY MONTH
September initial standings
Sept 26 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
nil oz
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
nil oz
No of oz served today (contracts)
157 CONTRACT(S)
(785,000 OZ)
No of oz to be served (notices)
82 contracts
(410,000 oz)
Total monthly oz silver served (contracts) 6460 contracts (32,300,000 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 6,384,375.1 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 0 customer withdrawal(s):
TOTAL CUSTOMER WITHDRAWALS: nil oz
We had 0 Customer deposit(s):
***deposits into JPMorgan have stopped 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: nil oz

we had 0 adjustment(s)
The total number of notices filed today for the SEPTEMBER. contract month is represented by 157 contract(s) for 785,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPTEMBER., we take the total number of notices filed for the month so far at 6460 x 5,000 oz = 32,300,000 oz to which we add the difference between the open interest for the front month of SEPT (239) and the number of notices served upon today (157) x 5000 oz equals the number of ounces standing.



.

Thus the INITIAL standings for silver for the SEPTEMBER contract month: 6460 (notices served so far)x 5000 oz + OI for front month of SEPTEMBER(239 ) -number of notices served upon today (157)x 5000 oz equals 32,710,000 oz of silver standing for the SEPTEMBER contract month. This is excellent for this active delivery month. Silver is being constantly demanded at the silver comex and we witness again the amount of silver demanded daily increase right from the get go. (ON AUGUST 31 (FIRST DATE NOTICE) WE HAD 20.15 MILLION OZ STAND. THUS IN THE FIRST 26 DAYS OF SEPTEMBER, WE HAVE HAD A HUGE INCREASE OF 12.7 MILLION OZ STAND FOR DELIVERY AS DEALERS JUMP QUEUE TRYING TO FIND THE NECESSARY SILVER TO SUPPLY TO OUR LONGS.)

WE HAD AN INCREASE OF 114 CONTRACTS OR AN ADDITIONAL 570,000 OZ OF SILVER WILL STAND FOR DELIVERY IN THIS ACTIVE CONTRACT MONTH OF SEPTEMBER. THIS HAS BEEN THE 5th CONSECUTIVE MONTH THAT WE HAVE WITNESSED EITHER AN INCREASE (95% OF THE TIME) OR STANDING PAT (THE OTHER 5%). WE HAVE NOT HAD A DECREASE IN STANDING I.E. AS THEY DELIVERY MONTH PROCEEDS NOBODY WISHES AN EFP PRODUCT IN EXCHANGE FOR A DEPARTING LONG.SOMEBODY BIG WANTS SILVER IN A VERY BIG WAY.
Last yr on the first day notice for the Sept silver 2016 contract we had 17.070 million oz stand for delivery.
By month end: 16.075 million oz/

Volumes: for silver comex
ESTIMATED VOLUME TODAY: 84,154 CONTRACTS: (HUGE)
YESTERDAY’s confirmed volume was 91,265 contracts which is EXCELLENT
YESTERDAY’S CONFIRMED VOLUME OF 91,265 CONTRACTS WHICH EQUATES TO 456 MILLION OZ OF SILVER OR 65% 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: 38.674 million (close to record low inventory
Total number of dealer and customer silver: 218.719 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 6.6 percent to NAV usa funds and Negative 6.8% to NAV for Cdn funds!!!!
Percentage of fund in gold 62.8%
Percentage of fund in silver:37.2%
cash .+0.0%( Sept 26/2017)
2. Sprott silver fund (PSLV): STOCK NAV RISES TO -0.13% (Sept 26/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES TO -0.30% to NAV (Sept 26/2017 )
Note: Sprott silver trust back into NEGATIVE territory at -0.13%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.30%/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

Sept 26/no changes in gold inventory at the GLD/Inventory rests at 856.08 tonnes

Sept 25./Another big deposit of 3.84 tonnes into GLD/Inventory rests tonight at 856.08 tonnes

Sept 22/with gold up only 1 dollar on the day we had a massive 6.21 tonnes of gold added to the GLD/.this is a good sign that gold will advance nicely this coming week.

Sept 21/no change in gold inventory tonight/inventory rests at 846.03 tonnes

Sept 20/no change in gold inventory tonight/inventory rests at 846.03 tonnes

Sept 19/another deposit of 2.07 tonnes of gold into the GLD/inventory rests at 846.03 tonnes

Sept 18/a huge 5.32 tonnes of gold deposit into the GLD despite gold’s whack today/inventory rests at 843.96 tonnes

Sept 15./strange!!no change in GLD after the whacking of gold/inventory remains at 838.64 tonnes

Sept 14./no changes at the GLD/inventory rests at 838.64 tonnes

Sept 13/late last night a huge 4.14 tonnes of gold was added to the GLD inventory/inventory rests at 838.64 tonnes.

Sept 12/as of 5: 40 pm est, no changes in gold inventory at the GLD/Inventory rests at 834.50 tonnes

Sept 11/Today we had a rather large 2.37 tonnes of gold removed from the GLD/Inventory rests at 834.50 tonnes

Sept 8/we had a tiny withdrawal of .34 tonnes and probably that would be to pay for fees like insurance etc.

Inventory rests at 836.87 tonnes

Sept 7./no changes in gold inventory at the GLD/Inventory rests at 837.21 tonnes

SEPT 6/WE HAD ANOTHER DEPOSIT OF 5.91 TONNES INTO THE GLD/IN THE LAST TWO DAYS: 20.69 TONNES/INVENTORY RESTS AT 837.21 TONES

Sept 5/we had a huge deposit of 14.78 tonnes into the GLD/Inventory rests at 831.21 tonnes

Sept 1/ no change in gold inventory at the GLD/Inventory rests at 816.43 tonnes

AUGUST 31/no change in gold inventory at the GLD. Inventory rests at 816.43 tonnes

August 30/another deposit of 2.07 tonnes into the GLD inventory/inventory rests at 816.43 tonnes

August 29/a huge deposit of 9.16 tonnes of probable paper gold/inventory rests at 814.36 tonnes

AUGUST 28/a huge deposit f 5.91 tonnes of gold into GLD inventory/inventory rests at 805.20 tonnes

AUGUST 25/NO CHANGE IN GOLD INVENTORY/INVENTORY RESTS AT 799.29 TONNES

AUGUST 24/no change in gold inventory at the GLD/inventory rests at 799.29 tonnes

August 23/no change in gold inventory at the GLD/Inventory rests at 799.29 tonnes

August 22/no change in gold inventory at the GLD/Inventory rests at 799.29 tonnes/

AUGUST 21/this is good!! a huge deposit of gold into the GLD to the tune of 3.85 tonnes/Inventory rests at 799.29 tonnes

August 18/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 795.44 TONNES

August 17/late last night, a deposit of 4.43 tonnes of gold at the GLD/inventory rests at 795.44 tonnes/the bleeding of gold has stopped.
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Sept 26 /2017/ Inventory rests tonight at 856.08 tonnes
*IN LAST 237 TRADING DAYS: 85.02 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 172 TRADING DAYS: A NET 72.41 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 41.02 TONNES HAVE BEEN ADDED.

end
Now the SLV Inventory

Sept 26./no change in silver inventory at the SLV/.inventory rests at 326.757 million oz

Sept 25./ a big deposit of 1.842 million oz into the SLV/inventory rests at 326.757 million oz/

Sept 22/no change in silver inventory at the SLV/Inventory rests at 324.915 million oz/

Sept 21/no change in silver inventory at the SLV/Inventory rests at 324.915 million oz

Sept 20/no changes in silver inventory/Inventory remains at 324.915 million oz

Sept 19/strange!! another withdrawal of 1.134 million oz despite the rise in silver/inventory rests at 324.915 million oz

Sept 18/a withdrawal of 1.039 million oz from the SLV/Inventory rests at 326.049 million oz

Sept 15./no change in silver inventory at the SLV/Inventory rests at 327.088 million oz/

Sept 14/no change in silver inventory at the SLV/Inventory rests at 327.088 million oz/

Sept 13/no change in silver inventory at the SLV/Inventory rests at 327.088 million oz/

Sept 12.2017/no change in silver inventory at the SLV/Inventory rests at 327.088 million oz/

Sept 11.2017: no change in silver inventory at the SLV/Inventory rests at 327.088 million oz/

Sept 8/no change in silver inventory at the SLV/Inventory rests at 327.088 million oz/

Sept 7/STRANGE!! WITH DEMAND FOR SILVER HUGE WE HAD ANOTHER 945,000 OZ WITHDRAWN. NO DOUBT THAT THIS IS CRIMINAL ACTIVITY AS SILVER IS WITHDRAWN AND USED TO CONTAIN THE RISE IN PRICE/INVENTORY RESTS AT 327.088 MILLION OZ/

SEPT 6/STRANGE WITH A HUGE DEMAND FOR SILVER THROUGHOUT THE WORLD THESE DOORKNOBS WITHDRAW A HUGE 3.148 MILLION OZ OF SILVER FROM THE SLV/INVENTORY RESTS AT 328.033 MILLION OZ

Sept 5/2017: no change in silver inventory at the SLV/Inventory rests at 331.178 million oz/

Sept 1/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 331.178 MILLION OZ

AUGUST 31/STRANGE!! a huge withdrawal of 2.019 million oz with silver up today./INVENTORY RESTS AT 331.178 MILLION OZ

August 30/no change in silver inventory at the SLV/inventory rests at 333.178 million oz

August 29/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 333.178 MILLION OZ

AUGUST 28/no change in silver inventory at the SLV/Inventory rests at 333.178 million oz/

AUGUST 25/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 333.178 MILLION OZ

AUGUST 24/A HUGE WITHDRAWAL OF 1.229 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 333.178 MILLION OZ

August 23/no change in silver inventory at the SLV/Inventory rests at 334.407 million oz

August 22/no change in silver inventory at the SLV/inventory rests at 334.407 million oz.

AUGUST 21/no change in silver inventory/inventory rests at 334.407 million oz/

August 18/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY REST AT 334.407 MILLION OZ

August 17/A WITHDRAWAL OF 1.418 MILLION OZ LEAVES THE VAULTS OF THE SLV (WITH SILVER UP 25 CENTS YESTERDAY?)/INVENTORY RESTS AT 334.407 MILLION OZ

Sept 26.2017:
Inventory 326.757 million oz
end

6 Month MM GOFO

Indicative gold forward offer rate for a 6 month duration
+ 1.36%
12 Month MM GOFO
+ 1.57%
30 day trend

end
Major gold/silver trading/commentaries for TUESDAY

GOLDCORE/BLOG/MARK O’BYRNE.

GOLD/SILVER
“Gold prices to reach $1,400 before the end of the year” – GoldCore
By Mark O’Byrne September 26, 2017 0 Comments

by MarketWatch

Gold finished sharply higher on Monday, recouping roughly half of last week’s loss, as declines in the U.S. stock market and growing tensions between the U.S. and North Korea lifted prices for the yellow metal to the highest settlement in more than a week.

December gold rose $14, or 1.1%, to settle at $1,311.50 an ounce. Prices, which lost about 2.1% last week, saw their highest finish since Sept. 15, according to FastSet data as reported by Marketwatch.

“The backdrop for gold today is as bullish as it has been in a long time,” said Mark O’Byrne, research director at GoldCore in Dublin.

Gold in USD (5 years)

He expects gold prices to reach $1,400 before the end of the year.

With President Donald Trump “in the White House and the political situation in the U.S. and globally more uncertain than it has been in many years, gold will almost certainly continue to see robust safe-haven demand,” he said.

“This should push gold higher in the coming months.”

Recent military tensions between North Korea and the U.S. and its allies has helped to underpin gold’s haven status as a hedge against a sudden escalation in geopolitical tension.

According to media reports Monday, North Korean Foreign Minister Ri Yong Ho told reporters that Trump’s tweet that leader Kim Jong Un “won’t be around much longer” was a declaration of war, and Japanese leader Shinzo Abe on Monday called a snap general election in a bid to consolidate power in the midst of a diplomatic crisis with North Korea.

Gold is “coming out of a bear market, and “the technical position looks better and better after gold bottomed in December 2015,” said O’Byrne.

“Since then, we have seen a series of higher lows and higher highs.”

“Global demand remains robust with strong demand being seen in many sectors—especially in the ETFs and also in Chinese demand”, he said.

Gold is also considered a counter to what some market participants have described as lofty levels for U.S. equities potentially ripening for a correction.

The Dow Jones Industrial Average DJIA, -0.24% and the S&P 500 index SPX, -0.22% recently touched all-time highs, but traded broadly lower to start the week.

Gold gained even as the ICE U.S. Dollar Index DXY, +0.24% which measures the buck against a half-dozen currencies, was up 0.5%.

The two markets often move inversely as a weaker dollar can make commodities pegged to the currency, including most of the world’s gold, more appealing to buyers using weaker monetary units.

The dollar strengthened against the euro, which was under pressure after a heavy drop in support for mainstream parties in Germany’s general election on Sunday left the way forward in doubt for German Chancellor Angela Merkel’s conservative alliance.

News and Commentary

GoldCore expect “gold prices to reach $1,400 before the end of the year” (MarketWatch.com)

North Korea Tensions Drives Gold up 1.2% (Bloomberg.com)

Tech stocks, North Korea tensions drag Asian markets down (MarketWatch.com)

Fed’s Kashkari again says more Fed rate hikes are a bad idea (MarketWatch.com)

Euro Drops, Stocks Mixed as Korean Crisis Simmers: Markets Wrap (Bloomberg.com)

Bullion surges as North Korea tensions resurface. Source: Bloomberg

Video: We’re Reaching Peak Gold (Bloomberg.com)

It makes sense to invest in gold now (Rediff.com)

It’s the Debt Stupid! (Campaigner.com)

Here’s how indoor farming can help feed 9.1 billion people by 2050 (MarketWatch.com)

Investors Take Cover in Gold as North Korea Threatens War: Chart (Bloomberg.com)

Gold Prices (LBMA AM)

26 Sep: USD 1,306.90, GBP 969.59 & EUR 1,105.38 per ounce
25 Sep: USD 1,295.50, GBP 957.89 & EUR 1,089.26 per ounce
22 Sep: USD 1,297.00, GBP 956.15 & EUR 1,082.09 per ounce
21 Sep: USD 1,297.35, GBP 960.56 & EUR 1,089.00 per ounce
20 Sep: USD 1,314.90, GBP 970.53 & EUR 1,094.79 per ounce
19 Sep: USD 1,308.45, GBP 969.30 & EUR 1,091.25 per ounce
18 Sep: USD 1,314.40, GBP 970.16 & EUR 1,100.68 per ounce

Silver Prices (LBMA)

26 Sep: USD 17.01, GBP 12.67 & EUR 14.43 per ounce
25 Sep: USD 16.95, GBP 12.57 & EUR 14.27 per ounce
22 Sep: USD 16.97, GBP 12.52 & EUR 14.18 per ounce
21 Sep: USD 16.95, GBP 12.58 & EUR 14.24 per ounce
20 Sep: USD 17.38, GBP 12.84 & EUR 14.48 per ounce
19 Sep: USD 17.15, GBP 12.70 & EUR 14.31 per ounce
18 Sep: USD 17.53, GBP 12.94 & EUR 14.66 per ounce


Recent Market Updates

– Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder
– Bitcoin “Is A Bubble” but Gold Is Money Says World’s Biggest Hedge Fund Manager
– Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms
– Gold Investment “Compelling” As Fed May “Kill The Business Cycle”
– “This Is Where The Next Financial Crisis Will Come From” – Deutsche Bank
– Global Debt Bubble Understated By $13 Trillion Warn BIS
– Bitcoin Price Falls 40% In 3 Days Underlining Gold’s Safe Haven Credentials
– Gold Up, Markets Fatigued As War Talk Boils Over
– Oil Rich Venezuela Stops Accepting Dollars
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– British People Suddenly Stopped Buying Cars
– Buy Gold for Long Term as “Fiat Money Is Doomed”
– Conor McGregor – Worth His Weight In Gold?

END
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