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JD400 Member Level  Friday, 05/26/17 12:00:04 AM
Re: the cork post# 33237
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Just Stuff (the Musical)

Good Morning Ladies & Gentleman


~Welcome To



~*~Mining & Metals Du Jour~*~ Graveyard Shift~

gys CQs MMgys
Ahoy There Maties !

Lindsey Stirling Dancing On The Deck.....

Taking Us On A Voyage Through The Nights Graveyard.

It's Such A Pleasure having You aboard <3

Here's tonights data Arrrrr

Hope You EnJoy <3




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Yesterday’s COMEX Silver Volume “Out of This World!” – Harvey Organ



Posted on May 25, 2017 by The Doc



Yesterday’s confirmed volume was 104,577 contracts which is simply out of this world…



GOLD AND SILVER REBOUND IN THE ACCESS MARKET AS MARKETS STILL CANNOT DIGEST WHAT ON EARTH THE FED IS DOING/STRANGE DATA AT THE COMEX; GOLD OPEN INTEREST RISES BY 13000 CONTRACTS BUT THE SILVER OI FALLS BY 3,000 CONTRACTS/MOODY’S DOWNGRADES SOVEREIGN CHINA’S DEBT/CHAOS ON THE STREETS OF BRAZIL



GOLD: $1253.45 down $2.50

Silver: $17.12 down 2 cent(s)

Closing access prices:

Gold $1258.50

silver: $17.23

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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: $1260.70 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: 1251.40

PREMIUM FIRST FIX: $9.30

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SECOND SHANGHAI GOLD FIX: $1257.32

NY GOLD PRICE AT THE EXACT SAME TIME: 1248.91

Premium of Shanghai 2nd fix/NY:$8.41

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LONDON FIRST GOLD FIX: 5:30 am est $1259.90

NY PRICING AT THE EXACT SAME TIME: $1260.40

LONDON SECOND GOLD FIX 10 AM: $1252.55

NY PRICING AT THE EXACT SAME TIME. $1252.70
For comex gold:
MAY/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 3 NOTICE(S) FOR 300 OZ.

TOTAL NOTICES SO FAR: 524 FOR 52400 OZ (1.6298 TONNES)
For silver:
For silver: MAY

8 NOTICES FILED TODAY FOR 40,000 OZ/

Total number of notices filed so far this month: 4583 for 22,915,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

END



We have now entered options expiry week:

options expiry on the comex Thurs: May 25. (corrected) Options expiry for the OTC/LBMA gold/silver contracts: May 31/2017 at around 12 noon. So far our crooks are losing control over the options expiry period. Tomorrow is comex expiry but the big one is the London’s OTC expiry. If the precious metal prices hold throughout the week, then I can safely say that the bankers are running for the hills.





Let us have a look at the data for today

.

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In silver, the total open interest FELL BY 3,944 contracts DOWN to 203,459 DESPITE THE TINY FALL IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (DOWN 6 CENT(S). IT IS OBVIOUS THAT WE ARE GETTING SOME BANKER SHORT COVERING IN CONJUNCTION WITH BANKER DELTA HEDGING. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.017 BILLION TO BE EXACT or 145% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 8 NOTICE(S) FOR 40,000 OZ OF SILVER

In gold, the total comex gold ROSE BY A HUMONGOUS 13,795 contracts DESPITE THE FALL IN THE PRICE OF GOLD ($5.65 with YESTERDAY’S TRADING). The total gold OI stands at 462,572 contracts. THE BANKERS SUPPLIED THE NECESSARY SHORT PAPER IN TOTAL CONTRAST TO SILVER DESPITE THE FALL IN PRICE ON BOTH METALS. WE MAY HAVE WITNESSED SOME OF THOSE LONG CALLS HIDDEN IN THE EFP’S BEING EXERCISED FOR THE JUNE CONTRACT MONTH

we had 3 notice(s) filed upon for 300 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: 847.45 tonnes

.

SLV

Today: big changes in inventory/a withdrawal of 1.893 million oz from the SLV

THE SLV Inventory rests at: 341.922 million oz

Here is a strange fact for the CFTC to price discover:

when the record OI occurred on April 21, the price of silver was at $18.42 (OI record 234,000 contracts. Interestingly the SLV inventory on April 21 was 325 million oz and today it is 343 million dollars and the price of silver is $1.19 less. And the comex is a price discovery mechanism????

end

.

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

1. Today, we had the open interest in silver FELL BY 3,944 contracts DOWN TO 203,459, (AND STILL CLOSE TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787), DESPITE THE FALL IN PRICE FOR SILVER WITH YESTERDAY’S TRADING (6 CENTS). NO QUESTION THAT WE HAD SHORT COVERING BY THE BANKERS ALONG WITH SOME BANKER DELTA HEDGING.

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)



2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg
3. ASIAN AFFAIRS

i)Late TUESDAY night/WEDNESDAY morning: Shanghai closed UP 2.13 POINTS OR .07% / /Hang Sang CLOSED UP 25.35 POINTS OR 0.10% The Nikkei closed UP 129.70 POINTS OR 0.66%/Australia’s all ordinaires CLOSED UP 0.15%/Chinese yuan (ONSHORE) closed DOWN at 6.8903/Oil UP to 51.51 dollars per barrel for WTI and 54.28 for Brent. Stocks in Europe OPENED IN THE RED EXCEPT LONDON ..Offshore yuan trades 6.8786 yuan to the dollar vs 6.8903 for onshore yuan. NOW THE OFFSHORE IS A LITTLE STRONGER TO THE ONSHORE YUAN/ ONSHORE YUAN WEAKER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS A LITTLE WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE STRONGER DOLLAR. CHINA RECEIVED NEWS THAT ITS DEBT HAS BEEN DOWNGRADED AND THUS ARE NOT HAPPY CAMPERS THIS MORNING.
3a)THAILAND/SOUTH KOREA/NORTH KOREA

i)NORTH KOREA/SOUTH KOREA

South Korea fires warning shots on an unidentified object flying from the North:

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

i)Last night, Moody’s downgrades China from Aa3 to A1 and warns about their worsening debt outlook. However at the end of their trading session, Shanghai ignored the downgrade and finished higher.

( zero hedge)

ii)This is just the beginning: Chinese banks are now in serious trouble

( zero hedge)
4. EUROPEAN AFFAIRS

i)UK/SUICIDE BOMBER

Britain is not happy with the USA leaks on the suicide bomber Abedi. What we know is that he did not act alone and had proven links to ISIS

( zero hedge)

i b)The brother of Salman Abedi is arrested in Tripoli and 3 others has been detained

( zerohedge)

ii)SPAIN

If the Spanish government does not allow a regional referendum vote of independence, Catalonia threatens an immediate declaration of Independence.

( Mish Shedlock/Mishtalk)

iii)ECB/EUROPE

Amazing, the ECB’s own policies is creating this warning of “excessive exuberance” in house prices. The ECB ses financial instability due to higher yields which of course was fueled by their massive printing of money

(courtesy zerohedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
6 .GLOBAL ISSUES

i)The Canadian loonies surges to a 5 week high after the Bank of Canada surprises with hawkish statements that Canada is doing OK even with lower oil prices

( zero hedge)

ii)Inflation is totally understated in Canada

( National Bank/WolfStreet/WolfRichter)


7. OIL ISSUES

i)This is a very important read…originally estimated to have a SPR of 500 million barrels, it has now grown to over 700 million barrels and that should be close to maximum capacity. For the first time, this month, China is slowing down its purchases of oil

( zero hedge)

a must read…

ii)We just had the 16th straight week of USA increased crude production and that sent both WTI and RBOB southbound;

( zero hedge)
8. EMERGING MARKET

Chaos in Brazil

( zero hedge)


9. PHYSICAL MARKETS
i)Von Greyerz describes that bitcoin is surging because there is no government interference
(courtesy Von Greyerz/Kingworldnews/GATA)
ii)With the downgrade of China, Bitcoin explodes above $2400.00 per coin( zero hedge)
10. USA stories

i)For those of you who think that markets are not manipulated, we now have legendary investor Asher Edelman state that the entire market rally is the PPT

( zero hedge)
ii)The never ending witch hunt of Donald Trumps ties to Russia continues: today the House Democrats ask Deutsche bank for information of loans given to the President

( zero hedge)

iii)Existing home sales which includes many flippers, (double counting of home sales) records slumping sales despite prices soaring to record highs

( zero hedge)

iv) Nothing new in the FOMC minutes as the rate hike is “soon” and the economic weakness is probably “transitory”.. However the Fed did say it needs evidence before it rolls off the treasuries from its balance sheet
( zerohedge)

v) The CBO has now scored the Ryan healthcare bill (Obamacare repeal) will cut the deficit by $119 billion over 9 years, but leave 23 million less with insurance:(courtesy CBO/zerohedge)


Let us head over to the comex:

The total gold comex open interest ROSE BY A HUGE 13,7995 CONTRACTS UP to an OI level of 462,572 DESPITE THE FALL IN THE PRICE OF GOLD ( $5.50 with YESTERDAY’S trading). THE BANKERS SUPPLIED THE NECESSARY SHORT PAPER AS LONGS STAMPEDED INTO THE GOLD ARENA YESTERDAY WE MAY HAVE ALSO WITNESSED THE EXERCISING OF LONG CALLS IN THE JUNE GOLD CONTRACT MONTH. We are now in the contract month of MAY and it is one of the POORER delivery months of the year. In this MAY delivery month we had A GAIN OF 2 contract(s) RISING TO 27. We had 2 notices filed yesterday so we gained 4 GOLD CONTRACTS OR AN ADDITIONAL 400 gold ounce will stand for delivery and no contracts were cash settled through the EFP route where they receive a cash bonus plus a future gold contract.

The next big active month is June/2017 and here the OI LOST 6951 contracts DOWN to 170,471. The non active July contract GAINED another 46 contracts to stand at 1087 contracts. The next big active month is August and here the OI gained 16,609 contracts up to 185,992.

We are catching up to last year’s huge open interest as on May 22 2016 we had at this exact time: 185,746 contracts of JUNE 2016 CONTRACTS OPEN.( compared to JUNE 2017: 170,471)

For the June 2016 contract month initially 48.189 tonnes stood for delivery. Eventually a huge 48.552 tonnes stood.

We had 3 notice(s) filed upon today for 300 oz
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This Weeks BANNED GYS Show Sponsors

gys


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And now for the wild silver comex results. Total silver OI FELL BY 3,944 contracts FROM 207,403 DOWN TO 203,459 DESPITE YESTERDAY’S TINY 6 CENT LOSS. IT SURE LOOKS LIKE OUR BANKERS HAVE CAPITULATED AGAIN AS THEY TRYING TO COVER THEIR SHORTS IN EARNEST. WE ALSO HAVE EVIDENCE OF SOME DELTA HEDGING BY THE BANKERS TRYING TO OFFSET THAT HUGE SHORT POSITION THEY HAVE BEEN BURGEONING OVER THE YEARS.
Below is a little background on the EFP contracts initiated by our bankers:
(We now know for certainty that private EFP contracts are given by the bankers when faced with an upcoming active delivery month. We just do not know the makeup of that private deal. It is my contention that the longs in silver at the end of April were given a fiat bonus plus a long “in the money” call for a future May contract or a July contract. They were told not to exercise for a new contract until at least the first week of May is over so it would not look like a paper settlement which in reality it surely is.
So now everything makes sense: the obliteration of OI as we enter first day notice has not really occurred but replaced with a future contract with some bonus money for their effort. No doubt by the end of May, the open interest in the silver contract month will be close to the OI we had around mid April/2017.)
We are in the active delivery month is MAY Here the open interest LOST 8 contracts FALLING TO 71 contracts. We had 2 notices filed on yesterday , so we finally lost 6 notices or an additional 30,000 oz will not stand for delivery and these were settled through the EFP route.

The non active June contract LOST 11 contracts to stand at 670. The next big active month will be July and here the OI LOST 4635 contracts DOWN to 146,453.

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.(EFP ROUTE)

The line in the sand is $18.50 for silver and again it has been defended by the criminal bankers. Once this level is pierced, the monstrous billion oz of silver shorts will blow up. The bankers are defending the Alamo with their last stand at the $18.50 mark. THE NEW RECORD HIGH IN OPEN INTEREST WAS SET FRIDAY APRIL 21/2017 AT: 234,787.

We had 8 notice(s) filed for 40,000 oz for the MAY 2017 contract

VOLUMES: for the gold comex

Today the estimated volume was 230,586 contracts which is good

Yesterday’s confirmed volume was 341,064 contracts which is excellent.

volumes on gold are STILL HIGHER THAN NORMAL!
INITIAL standings for MAY
May 24/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
6622.90 oz
206 kilobars
Manfra
Scotia
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
64,300.0000 oz
Scotia
2,000 kilobars
No of oz served (contracts) today

3 notice(s)
300 OZ
No of oz to be served (notices)
24 contracts
2400 oz
Total monthly oz gold served (contracts) so far this month
524 notices
52400 oz
1.6298 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 222,831.1 oz
Today we HAD 3 kilobar transaction(s)/
total dealer deposits: nil oz
We had NIL dealer withdrawals:
total dealer withdrawals: NIL oz
we had no dealer deposits:
total dealer deposits: nil oz
we had 1 customer deposit(s):
i) Into Scotia: 64,300.000 oz
(2,000 kilobars/ SUSPECT!!!)
total customer deposits; 64,300.000 oz
We had 2 customer withdrawal(s)
i) out of Manfra: 192.90 oz (6 kilobars)
ii) Out of Scotia: 6430.0000 oz (200 kilobars /suspect!!)
total customer withdrawal: 6622.90 oz
we had 0 adjustments:
For MAY:

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 3 contract(s) of which 0 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.
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To calculate the initial total number of gold ounces standing for the MAY. contract month, we take the total number of notices filed so far for the month (524) x 100 oz or 52,400 oz, to which we add the difference between the open interest for the front month of MAY (27 contracts) minus the number of notices served upon today (3) x 100 oz per contract equals 54,600 oz, the number of ounces standing in this active month of MAY.

Thus the INITIAL standings for gold for the MAY contract month:
No of notices served so far (524) x 100 oz or ounces + {(27)OI for the front month minus the number of notices served upon today (3) x 100 oz which equals 54,800 oz standing in this non active delivery month of MAY (1.7045 tonnes). We gained 7 contracts or an additional 700 oz will stand for delivery and 0 contracts were cash settled through the EFP route
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I have now gone over all of the final deliveries for this year and it is startling.
Here are the final deliveries for all of 2016 and the first 5 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
Nov. 8.3950 tonnes.
DEC/2016. 29.931 tonnes
JAN/2017 3.9004 tonnes
FEB/ 18.734 tonnes
March: 0.5816 tonnes
April/2017: 2.8678
MAY:2017/ 1.7045 TONNES
total for the 17 months; 249.624 tonnes
average 14.683 tonnes per month
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Total dealer inventory 877,817.092 or 27.303 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,818,587.082 or 274.29 tonnes

Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 274.29 tonnes for a loss of 28 tonnes over that period. Since August 8/2016 we have lost 79 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 79 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE APRIL DELIVERY MONTH
MAY INITIAL standings
May 24. 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
377,950.116 oz
CNT
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
1,218,993.890 oz
JPMorgan
Scotia
No of oz served today (contracts)
8 CONTRACT(S)
(40,000 OZ)
No of oz to be served (notices)
63 contracts
( 315,000 oz)
Total monthly oz silver served (contracts) 4583 contracts (22,915,000 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 6,694,070.8 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 CNT: 377,950.116 oz
TOTAL CUSTOMER WITHDRAWALS: 377,950.116 oz
We had 2 Customer deposits:
i) Into JPMorgan; 619,634.800 oz
ii) Into Scotia: 599,359.090 oz
***deposits into JPMorgan have now resumed
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 1,218,993.89 oz

we had 0 adjustment(s)
The total number of notices filed today for the MAY. contract month is represented by 8 contract(s) for 40,000 oz. To calculate the number of silver ounces that will stand for delivery in MAY., we take the total number of notices filed for the month so far at 4583 x 5,000 oz = 22,915,000 oz to which we add the difference between the open interest for the front month of MAY (71) and the number of notices served upon today (8) x 5000 oz equals the number of ounces standing


.

Thus the initial standings for silver for the MAY contract month: 4583(notices served so far)x 5000 oz + OI for front month of APRIL.(71 ) -number of notices served upon today (8)x 5000 oz equals 23,230,000 oz of silver standing for the MAY contract month.
We finally lost 6 contracts or an additional 30,000 oz will not stand for delivery and somebody wished to accept 6 EFP contract for a huge fiat bonus.
Volumes: for silver comex
Today the estimated volume was 70,313 which is huge
Yesterday’s confirmed volume was 104,577 contracts which is simply out of this world
TODAY’S ESTIMATED VOLUME OF 104,577 CONTRACTS EQUATES TO 522 MILLION OZ OF SILVER OR 75% 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.
Buy Winter Is Here Putin Silver Coins at SD Bullion

Total dealer silver: 32.535 million (close to record low inventory
Total number of dealer and customer silver: 201.466 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 6.3 percent to NAV usa funds and Negative 6.5% to NAV for Cdn funds!!!!
Percentage of fund in gold 61.9%
Percentage of fund in silver:38.0%
cash .+0.1%( May 24/2017)
2. Sprott silver fund (PSLV): Premium FALLS TO -.17%!!!! NAV (May 24/2017)
3. Sprott gold fund (PHYS): premium to NAV FALLS to -0.76% to NAV (May 24/2017 )
Note: Sprott silver trust back into NEGATIVE territory at -0.17% /Sprott physical gold trust is back into NEGATIVE/ territory at -0.76%/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

May 24/no change in inventory at the GLD/inventory rests at 847.45 tonnes

May 23/a paper withdrawal of 5.03 tonnes of gold from the GLD/Inventory rests at 847.45 tonnes

May 22/A DEPOSIT OF 1.77 TONNES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 852.48 TONNES

May 19/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 850.71 TONNES

May 18/a withdrawal of 1.18 tonnes of gold from the GLD/Inventory rests at 850.71

May 17/no change in the GLD inventory/inventory rests at 851.89 tonnes

May 16./ no change in the GLD inventory/inventory rests at 851.89 tonnes

May 15/no change in the GLD inventory/inventory rests at 851.89 tonnes

May 12/no changes in GLD/inventory rests at 851.89 tonnes

may 11/no changes in GLD inventory/inventory rests at 851.89 tonnes

May 10/no changes in GLD inventory/inventory rests at 851.89 tonnes/

May 9/a withdrawal of 1.19 tonnes from the GLD/Inventory rests tonight at 851.89 tonnes

May 8/no change in inventory at the GLD/Inventory rests at 853.08 tonnes

May 5/no changes in inventory at the GLD/Inventory rests at 853.08 tonnes

May 4/A tiny change in inventory at the GLD /a withdrawal of .28 tonnes to pay for fees/inventory rests at 853.08 tonnes

May 3/no change in inventory at the GLD/Inventory rest at 853.36 tonnes

May 2/no change in inventory at the GLD/Inventory rests at 853.36 tonnes

May 1/ no changes in inventory at the GLD/inventory rests at 853.36 tonnes

April 28/no changes in inventory at the GLD/Inventory rests at 853.36 tonnes

April 27/a small withdrawal of .89 tonnes/Inventory is now at 853.36 tonnes

APRIL 26/we had no changes at the GLD/Inventory rests at 854.25 tonnes

April 25/2017/A WITHDRAWAL OF 5.92 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 854.25 TONNES

April 24/a deposit of 1.48 tonnes of gold into the GLD/inventory rests at 860.17 tonnes

April 21/A DEPOSIT OF 4.44 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 858.69 TONNES

APRIL 20/A WITHDRAWAL OF 6.51 TONNES FROM THE GLD/INVENTORY RESTS AT 854.25 TONNES

April 19/ A DEPOSIT OF 11.84 TONNES INTO THE GLD/INVENTORY RESTS AT 860.76 TONNES
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May 24 /2017/ Inventory rests tonight at 847.45 tonnes
*IN LAST 158 TRADING DAYS: 100.68 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 101 TRADING DAYS: A NET 26.75 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 52.09 TONNES HAVE BEEN ADDED.

end
Now the SLV Inventory

May 24./a “paper” withdrawal of 1.893 million oz from the SLV/inventory rests tonight at 341.922 million oz

May 23/no change in silver inventory at the SLV/inventory rests at 343.815 million oz

May 19/no change in silver inventory at the SLV/Inventory rests at 343.815 million oz.

may 18/2017/another big deposit of 1.42 million oz added to the SLV/inventory rests at 343.815 million oz.

may 17/no change in silver inventory at the SLV/Inventory rests at 342.395 million oz/

May 16./we had a huge addition of 1.416 million oz of silver into the SLV/inventory rests at 342.395 million oz

May 15/no changes in silver inventory/inventory rests at 340.979 million oz/

May 12/a huge change in silver: a deposit of 2.369 million oz/inventory rests at 340.979 million oz

May 11/no changes in silver inventory at the SLV/Inventory rests at 338.610 million oz

May 10/ a gigantic 3.833 million oz of silver added to the SLV and this occurred with the constant whacking of silver for the past 17 trading sessions/inventory rests at 338.610 million oz

may 9Again, no movement of inventory at the SLV. Inventory rests at 334.777 million oz

May 8/no change in silver inventory at the SLV/inventory rests at 334.777 million oz/

May 5/Strange!! no change in silver inventory at the SLV/Inventory rests tonight at 334.777 million oz

May 4/a very tiny withdrawal of 144,000 oz to pay for fees/inventory rests tonight at 334.777 million oz/

May 3/strange!! with the drop in price of silver we had no change in inventory at the SLV/inventory rests at 334.921 million oz

May 2/extremely strange again/a huge 3.502 million oz deposit into the SLV despite silver being in the toilet for the past several trading days.Inventory 334.921 million oz

may 1/extremely strange/with silver being walloped these past several days, the inventory rises again by a huge 1.136 million oz/(maybe someone can explain this phenomena??)

April 28/Strange again!! no change in inventory at the SLV/Inventory remains at 330.283 million oz (no liquidation with a drop in silver price??)

April 27.2017/Strange!! no change in inventory at the SLV/Inventory remains at 330.283 million oz (no liquidation???)

APRIL 26/2017/another huge deposit of 2.934 million oz into the SLV/Inventory rests at 330.283 million oz

April 25/a huge deposit of 1.98 million of into inventory/inventory rests at 327.349 million oz/

April 24/no changes in inventory at the SLV/Inventory rests at 325.361 million oz/

April 21/A WITHDRAWAL OF 719,000 OZ OF SILVER AT THE SLV/INVENTORY RESTS AT 325.361 MILLION OZ/

APRIL 20/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 326.308 MILLION OZ
May 24.2017: Inventory 341.922 million oz

http://www.silverdoctors.com/silver/silver-news/yesterdays-comex-silver-volume-out-of-this-world-harvey-organ/#more-78518

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The Music of the Night

gys


Dare To Trust The Power Of The Music Of The Night

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Alasdair Macleod: Debts, Bastiat, and modern economics
Submitted by cpowell on Thu, 2017-05-25 14:55. Section: Daily Dispatches

10:56a ET Thursday, May 25, 2017

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod today criticizes what he considers the central flaw of Keynesian economics -- its failure to account for what is real but unseen. Macleod's commentary is headlined "Debts, Bastiat, and Modern Economics" and it's posted at GoldMoney here:

https://wealth.goldmoney.com/research/goldmoney-insights/alasdair-macleo...

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Russian explorers find 'swamp' of Soviet money, all worthless
Submitted by cpowell on Thu, 2017-05-25 16:11. Section: Daily Dispatches

... Yet the czar's old gold rubles are more valuable than ever.

* * *

By Maria Kiseleva and Alistair Coleman
British Broadcasting Corp., London
Thursday, May 25, 2017

A group of explorers in Russia have found around a billion roubles in old Soviet money at an abandoned mine, but it's all completely worthless.

The group from St. Petersburg, who publish a blog on abandoned sites across Russia, came across the money after following rumors that large quantities of cash had been dumped in old missile silos near Moscow after the collapse of the Soviet Union, the Komsomolskaya Pravda news website reports:



After travelling for several hours across rough terrain in Russia's Vladimir region, they found the mine literally overflowing with cash.

The site contains an estimated one billion roubles ($18 million or L13.5 million at current exchange rates, or $33.3 million at the "official" Soviet rate in 1991) in Soviet Union banknotes of various denominations issued between 1961 and 1991, all no longer legal tender in the Russian Federation. The mine had been flooded in recent years, leaving what was essentially a swamp of banknotes bearing the face of Vladimir Lenin, the explorers' YouTube channel shows. ...

... For the remainder of the report:

http://www.bbc.com/news/blogs-news-from-elsewhere-40043311

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\

A House of Desolation


http://jessescrossroadscafe.blogspot.com/

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