Wednesday, September 06, 2017 12:02:46 AM
Lightning Data Train
The Following Read is in IHUB SIMO Interactive
Good Morning Ladies & Gentleman
~Welcome To
~*~Mining & Metals Du Jour~*~ Graveyard Shift~
Glad To Have You With Us ! Hope You EnJOY
Starting out with Harvey Organ Excellent Data
gys
All videos work together in simo
MMgys
Always Glad to see ya <3
(train runs with all the videos, Hope you EnJoy )
September 5/
China to start a petro-yuan backed by gold/North Korea fires a hydrogen bomb test/gold rises to $1339.65 for a gain of $13.45 and silver gains 14 cents up gysto $17.87/Hurricane Irma will be a category 5 storm and it is heading straight for Miami/
September 5, 2017 · by Harvey Organ ·
MMgys
‘”It is difficult to talk to people who confuse Austria and Australia. But there is nothing we can do about this; this is the level of political culture among part of the American establishment. As for the American people, America is truly a great nation if the Americans can put up with so many politically uncivilized people.”
Vladimir Putin
GOLD: $1339.05 UP $13.45
Silver: $17.87 UP 14 CENT(S)
Closing access prices:
Gold $1339.90
silver: $17.90
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: $1339.89 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1336.42
PREMIUM FIRST FIX: $3.47
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SECOND SHANGHAI GOLD FIX: $1336.64
NY GOLD PRICE AT THE EXACT SAME TIME: $1335.50
Premium of Shanghai 2nd fix/NY:$1.14
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LONDON FIRST GOLD FIX: 5:30 am est $1331.15
NY PRICING AT THE EXACT SAME TIME: $1331.50
LONDON SECOND GOLD FIX 10 AM: $1335.55
NY PRICING AT THE EXACT SAME TIME. 1334.30 ???
For comex gold:
SEPTEMBER/
NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
TOTAL NOTICES SO FAR: 49 FOR 4900 OZ (0.1524 TONNES)
For silver:
SEPTEMBER
373 NOTICES FILED TODAY FOR
1,865,000 OZ/
Total number of notices filed so far this month: 2918 for 14,590,000 oz
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end
SIMO Friendly Clasp anytime
gys
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Let us have a look at the data for today
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In silver, the total open interest ROSE BY AN SMALL BUT STEADY 798 contracts from 178,897 UP TO 179,695 WITH THE GOOD SIZED GAIN IN PRICE THAT SILVER UNDERTOOK WITH FRIDAY’S TRADING (UP 22 CENTS). WE NOW HAVE MORE NEWBIE LONGS ENTER THE SILVER CASINO WITH NO SILVER LONGS EXITING FOR EFP’S. THE BANKERS ARE STILL LOATHE TO SUPPLY THE SHORT PAPER IN TOTAL CONTRAST TO GOLD
RESULT: A SMALL RISE IN OI COMEX WITH THE 22 CENT PRICE RISE.
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.898 BILLION TO BE EXACT or 128% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 373 NOTICE(S) FOR 1,865,000 OZ OF SILVER
In gold, the open interest ROSE BY A GOOD SIZED 5372 CONTRACTS WITH THE RISE in price of gold ($8.65 GAIN YESTERDAY). The new OI for the gold complex rests at 555,543.
CONDITIONS ARE RIPE AND AMPLE FUEL FOR ANOTHER HUGE RISE IN THE NUMBER OF NEWBIE SPECS ENTERING THE GOLD ARENA WITH THE COMMERCIALS AGAIN SUPPLYING THE NECESSARY PAPER. AS SOON AS FRIDAY’S JOB REPORT WAS ANNOUNCED AS A DUD, THIS ENCOURAGED MORE NEWBIE LONGS WHO BECAME EMBOLDENED IN THEIR CONTINUING QUEST OF TAKING ON THE BANKERS WHO RECIPROCATED IN KIND WITH SHORT PAPER.
Result: A HUGE SIZED GAIN IN OI WITH THE RISE IN PRICE IN GOLD ($8.65). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER.
we had: 0 notice(s) filed upon for nil oz of gold.
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gys
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With respect to our two criminal funds, the GLD and the SLV:
GLD:
Tonight , we had a huge changes in gold inventory: a massive deposit of 14.78 tonnes
Inventory rests tonight: 831.21 tonnes
IN THE LAST 36 TRADING DAYS: GLD SHEDS 5.76 TONNES YET GOLD IS HIGHER BY $105.70 .
SLV
Today: WE HAD NO CHANGES IN SILVER INVENTORY TONIGHT:
INVENTORY RESTS AT 331.178 MILLION OZ
end
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.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE BY A STEADY 798 contracts from 178,897 UP TO 179,695 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH FRIDAY’S 22 CENT GAIN IN TRADING. SILVER RESPONDED LIKE GOLD TO THE ECONOMIC CLIMATE. NEWBIE LONGS TOOK COMFORT IN THE POOR JOBS REPORT TO PILE INTO THE SILVER ARENA. THE BANKERS HOWEVER ARE STILL LOATHE TO SUPPLY THE NECESSARY SHORT PAPER. OLDER SPECS EXITED WITH A NICE PROFIT .
RESULT: A HIGHER OI AT THE COMEX WITH THE INCREASE IN PRICE OF 22 CENTS. BANKERS REFUSE TO SUPPLY THE SHORT PAPER AND ARE TRYING TO GET OUT OF THEIR SHORTFALL
(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 4.73 POINTS OR 0.14% / /Hang Sang CLOSED UP 1.09 POINTS OR 0.01%/ The Nikkei closed DOWN 122.44 POINTS OR 0.63%/Australia’s all ordinaires CLOSED UP 0.07%/Chinese yuan (ONSHORE) closed UP at 6.5490/Oil UP to 47.90 dollars per barrel for WTI and 52.59 for Brent. Stocks in Europe OPENED MIXED/ TO GREEN. Offshore yuan trades 6.5540 yuan to the dollar vs 6.5490 for onshore yuan. NOW THE OFFSHORE MOVED SLIGHTLY WEAKER TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH STRONGER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE WEAKER DOLLAR. CHINA IS HAPPY TODAY
3a)THAILAND/SOUTH KOREA/NORTH KOREA
i)NORTH KOREA/
Friday night
North Korea displays a purported advanced hydrogen bomb capable of sitting on top of a missile. If this is verified, it certainly will be of grave concern to Trump
( zero hedge)
ii)Saturday midnight EST/the second big story of the weekend
North Korea conducts a Hydrogen bomb test
( zero hedge)
iii)North Korea/South Korea/Monday
MMgys
More chaos on Monday after South Korea detected the North’s preparations for another launch of an ICBM probably around Sept 9.
( zerohedge)
iv)This is what is scaring the west: does North Korea posses the capability of launching an EMP against the uSA
( zerohedge)
v)Ambassador Nikki Haley responds to the latest hydrogen bomb blast
( zerohedge)
vi)North Korea/China/USA
China slams Trump’s trade threat as unacceptable. If the USA sanctions trade with China, that would cut off $650 billion dollars worth of imports that Americans buy and that just would not happen. Also threats to cut off oil important into North Korea from China may cause a huge confrontation between these two countries that would probably transcend the conflict between the USA and North Korea.
( zerohedge)
vii) SOUTH KOREA proposes a full oil, currency blockade of the North and the stoppage of labourers from working in other countries. China said no to this. Russia seems to be siding with South Korea
( zerohedge)
viii) As promised, North Korea has been seen moving an ICBM into position for another launch probably on the weekend
( zero hedge)
ix)Tuesday afternoon:
I do not like the looks of this; A furious North Korea slams the USA as the aggressor who is begging for war and they state that they will respond in their own way;
( zerohedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA
i)The story that we have been waiting 10 years to hear: China will set crude oil purchases in yuan and then back the yuan with gold. This will be the death knell of the petro-dollar scheme as the world by-passes the dollar. Either the USA joins by backing their dollar with verifiable gold or their dollar sinks. This move by China bypasses all sanctions as well as the SWIFT system of payment. Recall that China has their own CIP or CHIP payment system.
( Paraskova/OilPrice.com)
ii)China sees a new world order with the oil benchmark backed by gold
(asia.nikkei.com)
iii)Dave Krantzler discusses how China’s move to create a petro-yuan will reset the world’s reserve currency system
(courtesy zero hedge)
4. EUROPEAN AFFAIRS
In a leaked BREXIT document, the UK reveals that they will deter low skilled workers from entering the country: they will allow only high skilled labour
( zerohedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
i)Russia/USA
Moscow is furious with uSA plans to search the Russian Trade Mission. The property is owned by Russia:
(courtesy zerohedge)
ii) Turkey/Germany/EU
Both candidates agree that Turkey should not become an EU member. Turkey will become extremely angry and then it is plausible that they will release their 3 million migrants onto Greece:
(courtesy zero hedge)
iii) Russia/North Korea/USAPutin weighs in on the North Korean situation and states that further sanctions will not help one bit. They warn of a huge global catastrophe if more sanctions are applied and or a military strike
( zerohedge)
6 .GLOBAL ISSUES
7. OIL ISSUES
i)Gasoline prices tumble as several US Gulf Coast refineries resumed operations
( zerohedge)
ii) Gasoline drops as refiners restart. However Irma is heading straight for Miami but could head into the Gulf and cause more damage( zerohedge)
8. EMERGING MARKET
VENEZUELA
The messy state of affairs for Venezuela
( zerohedge)
9. PHYSICAL MARKETS
i)Monday gold/silver trading
At 2 am EST as silver was approaching $17.90 and gold at around $1337.00, another flash crash was initiated by our bankers with over ONE billion dollars worth of gold (750,000 oz) supplied short. Again this was foiled.
( zerohedge)
ii)Saturday
Bitcoin crashes 500 dollars down to $4500.00
( zerohedge)
iii)Monday
China states that it will punish initial offerings of cryptocurrencies. Bitcoin and Ethereum, the two leading cryptos fall.
Bitcoin falls to $4480 from $4600. Ethereum down to $310 from $400. China no doubt has now made its move with the real true currency: gold and silver and that should completely replace crypto currencies.
( zero hedge)
iv)Bill Murphy describes the gold suppression scheme and how GATA is working to expose the crime.
(courtesy GATA)
v)Mark Mobius believes (and he is probably correct) that the crackdown in the cryptocurrencies will spark a rush into gold
( Mark Mobius/Bloomberg)
10. USA Stories
i)Trading early Tuesday
( zerohedge)
ii)The tweet from Trump which got everybody riled up:
( zero hedge)
iii)Tuesday trading/
July factory orders plunge to its weakest level since February
( zero hedge)
iv)Hurricane Harvey could bankrupt the Federal flood insurance program. It is already in debt to the tune of 25 billion dollars and because private insurers will not cover flood damage, they provide up to 98% of insurance for floods. Because of the huge shortfall, they need to raise funds immediately and that should allow the safe passage of the debt ceiling to pay for huge damage cause by Harvey.
( zerohedge)
v)Sunday night/Irma
A professor with more advanced models predicts that Hurricane Irma is heading straight for Southern Florida and it’s wrath would cause considerable flooding in 3 potential areas of Florida including Miami
( zerohedge)
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vi)Monday night/Irma
Irma now intensifies as a category 4 hurricane and it is looks like it is head straight for Miami
( zerohedge)
vii)Tuesday morning/Irma/Category 5 Hurricane
hitting straight for Miami
(/zerohedge)
viii(This is going to get messy! Mueller finds his opening by teaming up with the IRS criminal division looking at Trump’s inner circle
( zerohedge)
ix)Judicial watch now sues the Dept of Justice for records of political contributions make to FBI’s assistant director’s wife Jill McCabe
( zerohedge)
x)Well that did not take long: Kevin McCarthy and the House has decided that it will not add “Harvey” funds to the Debt Ceiling bill
chaos followed..
(courtesy zero hedge)
xi)The underfunding of public pensions is highlighted in Minnesota where the liabilities tripled when the reduced the assumed rate of return from 8% down to 4.7%
( zerohedge)
xii)Now we will witness grocery store chains joining the retail bankruptcy chaos
( zerohedge)
xiii)David Stockman analyzes the latest Trump tax plan and he outlines how that will have no effect whatsoever in helping the taxpayer or create more revenue for government. Stockman’s plan is essentially to remove the costly payroll taxes and replace them with a larger VAT or consumption tax. In this way the taxpayer and the small businessmen are not saddled with high payroll taxes.
these high payroll taxes:
“cost precisely where the China Price (imported goods), the India Price (off-shored services) and the Robot Price (capital substitution) put immense competitive pressure on domestic, lower-wage jobs”
( David Stockman/Daily Reckoning)
xiv)this sent the dollar lower: Lael Brainard who has the ear of Fed Governor Yellen in a speech today, stated that inflation must rise before any additional rate hikes are done Gold rose on that.
(courtesy CNBC
Let us head over to the comex:
The total gold comex open interest ROSE BY A GOOD SIZED 5,372 CONTRACTS UP to an OI level of 555,543 WITH THE FAIR SIZED GAIN IN THE PRICE OF GOLD ($8.65 GAIN IN YESTERDAY’S trading). This time the bankers again supplied the necessary gold short paper when newbie longs took on our criminal bankers realizing that the geopolitical climate in the States was to the liking. They were further emboldened by the poor jobs report as these longs continued to pile into the gold comex with the commercials, undaunted, supplying the necessary short paper.
We had 0 notices of gold filed for Tuesday and thus nil oz will be delivered upon.
Result: a GOOD SIZED open interest increase with an good sized rise in the price of gold coupled with the poor jobs report on Friday.
The new non active September contract month saw it’s OI LOSE 18 contracts DOWN to 833. We had 9 notices filed on Friday so we lost 9 contracts or an additional 900 oz will not stand but these guys received 9 EFP’s 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 3 contracts DOWN to 45,841.
The November contract saw its first loss of 8 contracts down to 2.
The very big active December contract month saw it’s OI gain 985 contracts up to 435,966.
We had 0 notice(s) filed upon today for nil oz
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MMgys
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And now for the wild silver comex results. Total silver OI ROSE BY 798 CONTRACTS FROM 178,897 UP TO 179,695 WITH FRIDAY’S 22 CENT GAIN IN PRICE. SILVER RESPONDED TO THE GEOPOLITICAL CLIMATE THROUGHOUT THE WORLD AND BECAME MORE EMBOLDENED TO TAKE TO TAKE ON SOME OF OUR BANKERS WITH THE RELEASE OF THE POOR JOB NUMBERS ON FRIDAY. HOWEVER IN CONTRAST TO GOLD, THE BANKERS STILL ARE LOATHE TO SUPPLY THE SHORT COMEX PAPER. SOME OLD SPECS EXITED BUT AT A HIGHER PRICE. DEMAND FOR PHYSICAL SILVER REMAINS EXTREMELY HIGH AS AGAIN THE AMOUNT STANDING FOR DELIVERY INCREASED AGAIN. WE HAVE BEEN WITNESSING THIS PHENOMENA FOR THE PAST 5 MONTHS. (SEE BELOW). WE LOST NO SEPT LONGS TO EFP’S TODAY
RESULT: A SMALL SIZED INCREASE IN OI AT THE COMEX WITH A 22 CENT GAIN IN PRICE. DEMAND FOR PHYSICAL SILVER RISES AGAIN AS THE AMOUNT STANDING INCREASES FOR THE SEPT CONTRACT MONTH. THE BANKERS AGAIN ARE LOSE TO SUPPLY THE NECESSARY SHORT PAPER.
We are now in the active contract month of September (and the last active month until December). Today we witness Sept. OI fall by 304 contacts down to 1875. We had 373 notices filed on Friday, so we again gained 69 contracts or an additional 345,000 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 13 contacts UP TO 912. November saw another gain of 9 contracts up to 15. After November, the NEXT big active contract month is December and here the OI GAINED by 234 contracts UP to 158,719 contracts.
We had 373 notice(s) filed for 1,865,000 oz for the SEPT. 2017 contract
VOLUMES: for the gold comex
ESTIMATED VOLUME TODAY: 520,636 CONTRACTS WHICH IS HUMONGOUS
FRIDAY’S confirmed volume was 395.143 which is HUGE
volumes on gold are STILL HIGHER THAN NORMAL!
INITIAL standings for SEPTEMBER
Sept. 5/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
2,829.200 oz
Scotia
88 kilobars
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
NIL oz
No of oz served (contracts) today
0 notice(s)
nil OZ
No of oz to be served (notices)
833 contracts
(83300 oz)
Total monthly oz gold served (contracts) so far this month
49 notices
4900 oz
0.1524 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 5,369.1 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 1 customer withdrawal(s)
i) Out of Scotia: 2829.200 oz (88 kilobars)
total customer withdrawals; 2829.200 oz
we had 1 adjustment(s)
i) Out of Delaware:
we had 98.82 oz adjusted out of the dealer and this landed into the customer account of Delaware
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 0 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 (49) x 100 oz or 4900 oz, to which we add the difference between the open interest for the front month of SEPT. (833 contracts) minus the number of notices served upon today (0) x 100 oz per contract equals 82,200 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 (49) x 100 oz or ounces + {(833)OI for the front month minus the number of notices served upon today (0) x 100 oz which equals 88,200 oz standing in this active delivery month of SEPTEMBER (2.743 tonnes)
We lost 9 contracts or 900 oz will not stand and 9 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.
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Total dealer inventory 733,699.585 or 22.821 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,690,810.500 or 270.32 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 270.32 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 13 MONTHS 84 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE AUGUST DELIVERY MONTH
September initial standings
Sept 5 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
41,198.300 oz
Delaware
Scotia
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
150,135.600 oz
Scotia
No of oz served today (contracts)
373 CONTRACT(S)
(1,865,000 OZ)
No of oz to be served (notices)
1502 contracts
(7,510,000 oz)
Total monthly oz silver served (contracts) 2918 contracts (14,590,000 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 1,879,454.500 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 2 customer withdrawal(s):
i) Out of Delaware: 988.60 oz
ii) Out of Scotia: 40,209.2 oz
TOTAL CUSTOMER WITHDRAWALS: 41,198.300 oz
We had 1 Customer deposit(s):
I) into Scotia: 150,135.600 oz
***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: 600,590.290 oz
we had 0 adjustment(s)
The total number of notices filed today for the SEPTEMBER. contract month is represented by 373 contract(s) for 1,865,000 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 2918 x 5,000 oz = 14,590,000 oz to which we add the difference between the open interest for the front month of SEPT (1875) and the number of notices served upon today (373) x 5000 oz equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the SEPTEMBER contract month: 2918 (notices served so far)x 5000 oz + OI for front month of SEPTEMBER(1875 ) -number of notices served upon today (373)x 5000 oz equals 22,100,000 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.
WE HAD AN INCREASE OF 69 CONTRACTS OR AN ADDITIONAL 345,000 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 HAVE A DECREASE IN STANDING I.E. AS THEY DELIVERY MONTH PROCEEDS NOBODY WISHES AN EFP PRODUCT IN EXCHANGE FOR A DEPARTING LONG.
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: 120,681 CONTRACTS WHICH IS HUMONGOUS
YESTERDAY’s confirmed volume was 105,018 contracts which is GIGANTIC
YESTERDAY’S CONFIRMED VOLUME OF 105,018 CONTRACTS WHICH EQUATES TO 529 MILLION OZ OF SILVER OR 76% 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: 43.017 million (close to record low inventory
Total number of dealer and customer silver: 216.612 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 6.5% to NAV for Cdn funds!!!!
Percentage of fund in gold 62.3%
Percentage of fund in silver:37.7%
cash .+0.0%( Sept 5/2017)
2. Sprott silver fund (PSLV): STOCK NAV RISES TO -0.35% (Sept 5/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES TO -0.34% to NAV (Sept 5/2017 )
Note: Sprott silver trust back into NEGATIVE territory at -0.35%/Sprott physical gold trust is back into NEGATIVE/ territory at -0.34%/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
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 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.
August 16/no change in gold inventory at the GLD. Inventory rests at 791.01 tonnes
August 15/no change in gold inventory at the GLD/inventory rests at 791.01 tonnes
August 14/this is good!!: a gain of 4.14 tonnes of gold into the GLD inventory/the removal of GLD gone to the east has now stopped probably because there is no physical to send/inventory rests at 791.01 tonnes
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
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Sept 5 /2017/ Inventory rests tonight at 831.21 tonnes
*IN LAST 225 TRADING DAYS: 118.67 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 163 TRADING DAYS: A NET 38.76 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 721.95 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
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
August 16/no change in silver inventory at the SLV/Inventory rests at 335.825 million oz/
August 15/no change in silver inventory at the SLV/Inventory rests at 335.825 million oz.
August 14./no change in silver inventory/inventory rests at 335.825 million/
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
Sept 5.2017:
Inventory 331.761 million oz
end
6 Month MM GOFO
Indicative gold forward offer rate for a 6 month duration
+ 1.38%
12 Month MM GOFO
+ 1.50%
30 day trend
end
Major gold/silver trading/commentaries for TUESDAY
GOLDCORE/BLOG/MARK O’BYRNE.
GOLD/SILVER
Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response
By Mark O’Byrne September 4, 2017 0 Comments
– Safe haven gold extends rally to 11-month high after North Korea nuke test and U.S. warns of ‘massive’ response
– Asian and European stocks fall, bonds flat, gold, silver, palladium, Swiss franc rise as Korea tensions flare as North Korea tests ‘hydrogen bomb’
– North Korea prepares for possible ICBM launch says S. Korea
– U.S. warns of ‘massive,’ ‘overwhelming’ military response to North Korea after meeting with Trump
– Trump weighing new economic sanctions that target China
– Gold is consolidating above the $1,300/oz key resistance level and building on 4% gain seen in August
Relative Performance (1 Day) – Finviz.com
Safe haven gold continued to eke out further gains of 0.73% today and reached its highest level in 11 months at $1,338.65/0z. The latest gains came after North Korea’s latest and most powerful nuclear test again saw investors diversify into safe haven gold and other safe haven assets.
Asian and European shares have fallen and the geo-political risk led to the the usual knee-jerk shift to safe havens pushing the yen, Swiss franc, gold and silver higher.
The Nikkei was down 0.93 and EuroStoxx 50 was down 0.45%. The Stoxx Europe 600 Index declined, with all industry sectors in the red.
The U.K.’s FTSE 100 Index dipped 0.3 percent and Germany’s DAX Index fell 0.5 percent. The MSCI All-Country World Index sank 0.2 percent, the largest dip in more than two weeks. Stock market futures suggest a difficult day for global equities.
The White House warned any nation doing business with Kim Jong Un’s regime would be met with economic sanctions and trade embargoes, and Trump’s defense chief said the U.S. has “many military options.”
Gold’s gains came after gold rose both last week and in August when gold and silver saw strong safe haven gains of 4% and 5% respectively.
Related Content
Precious Metals Outperform Markets In August – Gold +4%, Silver +5%
4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders
Diversify Into Gold On U.S. “Political Instability” Advise Blackrock
Gold and Silver Bullion – News and Commentary
Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response (Reuters)
Asian Stocks Fall, Yen Jumps After Korea Bomb Test (Bloomberg)
Yen, bonds and gold gain after North Korea tests ‘hydrogen bomb’ (Reuters)
Gas, Gold Are Boosted by Geopolitical Tensions (Bloomberg)
President Trump denounces North Korea’s ‘hostile, dangerous’ weapons test (CNBC)
Source: Marketwatch
The Depression You’ve Probably Never Heard Of (Moneyweek)
Gold Pops, Stocks Drop As Futures Open After Korean Chaos (Zerohedge)
China’s New World Order – Own Oil Benchmark Backed By Gold (Asia Nikkei)
A “Super-Powerful” EMP Attack: North Korea’s Newest Weapon Against The U.S. (Zerohedge)
The US Cities with the Biggest Housing Bubbles (Wolfstreet)
Gold Prices (LBMA AM)
04 Sep: USD 1,334.60, GBP 1,030.98 & EUR 1,114.15 per ounce
01 Sep: USD 1,318.40, GBP 1,020.18 & EUR 1,106.85 per ounce
31 Aug: USD 1,305.80, GBP 1,013.17 & EUR 1,098.31 per ounce
30 Aug: USD 1,310.60, GBP 1,014.93 & EUR 1,096.71 per ounce
29 Aug: USD 1,323.40, GBP 1,020.34 & EUR 1,097.36 per ounce
25 Aug: USD 1,287.05, GBP 1,003.90 & EUR 1,090.90 per ounce
24 Aug: USD 1,285.90, GBP 1,003.26 & EUR 1,090.44 per ounce
Silver Prices (LBMA)
04 Sep: USD 17.80, GBP 13.75 & EUR 14.95 per ounce
01 Sep: USD 17.50, GBP 13.53 & EUR 14.69 per ounce
31 Aug: USD 17.34, GBP 13.47 & EUR 14.62 per ounce
30 Aug: USD 17.44, GBP 13.49 & EUR 14.60 per ounce
29 Aug: USD 17.60, GBP 13.59 & EUR 14.62 per ounce
25 Aug: USD 17.02, GBP 13.26 & EUR 14.40 per ounce
24 Aug: USD 16.93, GBP 13.20 & EUR 14.36 per ounce
Recent Market Updates
– Precious Metals Outperform Markets In August – Gold +4%, Silver +5%
– 4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders
– Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards
– Gold Surges 2.6% After Jackson Hole and N. Korean Missile
– Diversify Into Gold On U.S. “Political Instability” Advise Blackrock
– Trump Presidency Is Over – Bannon Is Right
– The Truth About Bundesbank Repatriation of Gold From U.S.
– Cyberwar Risk – Was U.S. Navy Victim Of Hacking?
– Global Financial Crisis 10 Years On: Gold Rises 100% from $650 to $1,300
– Mnuchin: I Assume Fort Knox Gold Is Still There
– Buffett Sees Market Crash Coming? His Cash Speaks Louder Than Words
– Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High
– – Gold Hedges USD Devaluation, Rise in Oil, Food and Cost of Living Since Nixon Ended Gold Standard
end
Thanks Harvey Always Good
Fed governor urges central bank to pretend there's no inflation
Submitted by cpowell on Tue, 2017-09-05 14:30. Section: Daily Dispatches
Fed Should Be Cautious in Face of Weak U.S. Inflation, Fed Governor Brainard Says
By Jonathan Spicer and Stephanie Kelly
Reuters
Tuesay, September 5, 2017
NEW YORK -- Inflation is falling "well short" of target so the Federal Reserve should be cautious about raising interest rates any further until it is confident that prices are headed higher, an influential Fed policymaker said today.
In a dovish speech in the face of months of weak inflation readings, Fed Governor Lael Brainard said the U.S. central bank should go so far as to make clear it is comfortable pushing prices modestly above the Fed's 2-percent target.
Brainard, a permanent voter on the Fed's monetary policy who has in the past convinced colleagues to delay tightening, seized on a core price reading that has dipped to 1.4 percent and has remained below a 2-percent target for five years.
"We should be cautious about tightening policy further until we are confident inflation is on track to achieve our target," Brainard said in a speech in New York. ...
... For the remainder of the report:
http://www.reuters.com/article/us-usa-fed-brainard/fed-should-be-
cautiou...
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Dave Kranzler: China begins to reset the world's currency system
Submitted by cpowell on Mon, 2017-09-04 14:58. Section: Daily Dispatches
10:57a ET Monday, September 4, 2017
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics today joins those who see an attack on the dollar brewing in China's offering its oil suppliers the opportunity to accept payment in yuan that can be exchanged for gold on the Shanghai and Hong Kong exchanges. But will such oil suppliers seeking to convert yuan to gold in China be permitted to take their gold out of the country? That does not seem to be allowed at present, and if it is not allowed, the touted conversion will be a polite fiction.
Kranzler's commentary is headlined "China Begins to Reset the World's Reserve Currency System and it's posted at IRD here:
http://investmentresearchdynamics.com/china-begins-to-reset-the-worlds-r...
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China's central bank declares initial coin offerings illegal
Submitted by cpowell on Mon, 2017-09-04 11:52. Section: Daily Dispatches
By Lulu YilunChen and Justina Lee
Bloomberg News
Monday, September 4, 2017
China's central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales.
The People's Bank of China said on its website Monday that it had completed investigations into ICOs, and will strictly punish offerings in the future while penalizing legal violations in ones already completed. The regulator said that those who have already raised money must provide refunds, though it didn't specify how the money would be paid back to investors.
It also said digital token financing and trading platforms are prohibited from doing conversions of coins with fiat currencies. Digital tokens can't be used as currency on the market and banks are forbidden from offering services to initial coin offerings. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-sa...
http://www.gata.org/node/17614
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Wolves of Wall Street?
this is Loaded
https://www.realvision.com/landing/weekly-hack-1-09-17-wall-street
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Gold: Book Profits Now
http://www.321gold.com/editorials/thomson_s/thomson_s_090517.html
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FLORIDA BRACES FOR ANNIHILATION: HURRICANE IRMA CLOCKING IN AT 200MPH SURFACE WINDS
http://www.zerohedge.com/news/2017-09-05/florida-braces-annihilation-hurricane-irma-clocking-200mph-surface-winds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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US Bitcoin Exchange Coinbase Hits 10 Million Users
http://www.zerohedge.com/news/2017-09-05/us-bitcoin-exchange-coinbase-hits-10-million-users?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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Thank You Hope you enjoyed the ride.
I'll get it right one of these times
Take Care
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.jpg)
The Following Read is in IHUB SIMO Interactive
Good Morning Ladies & Gentleman
~Welcome To
~*~Mining & Metals Du Jour~*~ Graveyard Shift~
Glad To Have You With Us ! Hope You EnJOY
Starting out with Harvey Organ Excellent Data
gys
All videos work together in simo
MMgys
Welcome aboard the nights MMgys data train.
Always Glad to see ya <3
(train runs with all the videos, Hope you EnJoy )
September 5/
China to start a petro-yuan backed by gold/North Korea fires a hydrogen bomb test/gold rises to $1339.65 for a gain of $13.45 and silver gains 14 cents up gysto $17.87/Hurricane Irma will be a category 5 storm and it is heading straight for Miami/
September 5, 2017 · by Harvey Organ ·
MMgys
‘”It is difficult to talk to people who confuse Austria and Australia. But there is nothing we can do about this; this is the level of political culture among part of the American establishment. As for the American people, America is truly a great nation if the Americans can put up with so many politically uncivilized people.”
Vladimir Putin
GOLD: $1339.05 UP $13.45
Silver: $17.87 UP 14 CENT(S)
Closing access prices:
Gold $1339.90
silver: $17.90
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: $1339.89 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: $1336.42
PREMIUM FIRST FIX: $3.47
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SECOND SHANGHAI GOLD FIX: $1336.64
NY GOLD PRICE AT THE EXACT SAME TIME: $1335.50
Premium of Shanghai 2nd fix/NY:$1.14
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LONDON FIRST GOLD FIX: 5:30 am est $1331.15
NY PRICING AT THE EXACT SAME TIME: $1331.50
LONDON SECOND GOLD FIX 10 AM: $1335.55
NY PRICING AT THE EXACT SAME TIME. 1334.30 ???
For comex gold:
SEPTEMBER/
NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
TOTAL NOTICES SO FAR: 49 FOR 4900 OZ (0.1524 TONNES)
For silver:
SEPTEMBER
373 NOTICES FILED TODAY FOR
1,865,000 OZ/
Total number of notices filed so far this month: 2918 for 14,590,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
end
SIMO Friendly Clasp anytime
gys
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Let us have a look at the data for today
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In silver, the total open interest ROSE BY AN SMALL BUT STEADY 798 contracts from 178,897 UP TO 179,695 WITH THE GOOD SIZED GAIN IN PRICE THAT SILVER UNDERTOOK WITH FRIDAY’S TRADING (UP 22 CENTS). WE NOW HAVE MORE NEWBIE LONGS ENTER THE SILVER CASINO WITH NO SILVER LONGS EXITING FOR EFP’S. THE BANKERS ARE STILL LOATHE TO SUPPLY THE SHORT PAPER IN TOTAL CONTRAST TO GOLD
RESULT: A SMALL RISE IN OI COMEX WITH THE 22 CENT PRICE RISE.
In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.898 BILLION TO BE EXACT or 128% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 373 NOTICE(S) FOR 1,865,000 OZ OF SILVER
In gold, the open interest ROSE BY A GOOD SIZED 5372 CONTRACTS WITH THE RISE in price of gold ($8.65 GAIN YESTERDAY). The new OI for the gold complex rests at 555,543.
CONDITIONS ARE RIPE AND AMPLE FUEL FOR ANOTHER HUGE RISE IN THE NUMBER OF NEWBIE SPECS ENTERING THE GOLD ARENA WITH THE COMMERCIALS AGAIN SUPPLYING THE NECESSARY PAPER. AS SOON AS FRIDAY’S JOB REPORT WAS ANNOUNCED AS A DUD, THIS ENCOURAGED MORE NEWBIE LONGS WHO BECAME EMBOLDENED IN THEIR CONTINUING QUEST OF TAKING ON THE BANKERS WHO RECIPROCATED IN KIND WITH SHORT PAPER.
Result: A HUGE SIZED GAIN IN OI WITH THE RISE IN PRICE IN GOLD ($8.65). THE COMMERCIALS SUPPLIED THE NECESSARY SHORT PAPER.
we had: 0 notice(s) filed upon for nil oz of gold.
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gys
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With respect to our two criminal funds, the GLD and the SLV:
GLD:
Tonight , we had a huge changes in gold inventory: a massive deposit of 14.78 tonnes
Inventory rests tonight: 831.21 tonnes
IN THE LAST 36 TRADING DAYS: GLD SHEDS 5.76 TONNES YET GOLD IS HIGHER BY $105.70 .
SLV
Today: WE HAD NO CHANGES IN SILVER INVENTORY TONIGHT:
INVENTORY RESTS AT 331.178 MILLION OZ
end
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.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE BY A STEADY 798 contracts from 178,897 UP TO 179,695 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH FRIDAY’S 22 CENT GAIN IN TRADING. SILVER RESPONDED LIKE GOLD TO THE ECONOMIC CLIMATE. NEWBIE LONGS TOOK COMFORT IN THE POOR JOBS REPORT TO PILE INTO THE SILVER ARENA. THE BANKERS HOWEVER ARE STILL LOATHE TO SUPPLY THE NECESSARY SHORT PAPER. OLDER SPECS EXITED WITH A NICE PROFIT .
RESULT: A HIGHER OI AT THE COMEX WITH THE INCREASE IN PRICE OF 22 CENTS. BANKERS REFUSE TO SUPPLY THE SHORT PAPER AND ARE TRYING TO GET OUT OF THEIR SHORTFALL
(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 4.73 POINTS OR 0.14% / /Hang Sang CLOSED UP 1.09 POINTS OR 0.01%/ The Nikkei closed DOWN 122.44 POINTS OR 0.63%/Australia’s all ordinaires CLOSED UP 0.07%/Chinese yuan (ONSHORE) closed UP at 6.5490/Oil UP to 47.90 dollars per barrel for WTI and 52.59 for Brent. Stocks in Europe OPENED MIXED/ TO GREEN. Offshore yuan trades 6.5540 yuan to the dollar vs 6.5490 for onshore yuan. NOW THE OFFSHORE MOVED SLIGHTLY WEAKER TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH STRONGER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE WEAKER DOLLAR. CHINA IS HAPPY TODAY
3a)THAILAND/SOUTH KOREA/NORTH KOREA
i)NORTH KOREA/
Friday night
North Korea displays a purported advanced hydrogen bomb capable of sitting on top of a missile. If this is verified, it certainly will be of grave concern to Trump
( zero hedge)
ii)Saturday midnight EST/the second big story of the weekend
North Korea conducts a Hydrogen bomb test
( zero hedge)
iii)North Korea/South Korea/Monday
MMgys
More chaos on Monday after South Korea detected the North’s preparations for another launch of an ICBM probably around Sept 9.
( zerohedge)
iv)This is what is scaring the west: does North Korea posses the capability of launching an EMP against the uSA
( zerohedge)
v)Ambassador Nikki Haley responds to the latest hydrogen bomb blast
( zerohedge)
vi)North Korea/China/USA
China slams Trump’s trade threat as unacceptable. If the USA sanctions trade with China, that would cut off $650 billion dollars worth of imports that Americans buy and that just would not happen. Also threats to cut off oil important into North Korea from China may cause a huge confrontation between these two countries that would probably transcend the conflict between the USA and North Korea.
( zerohedge)
vii) SOUTH KOREA proposes a full oil, currency blockade of the North and the stoppage of labourers from working in other countries. China said no to this. Russia seems to be siding with South Korea
( zerohedge)
viii) As promised, North Korea has been seen moving an ICBM into position for another launch probably on the weekend
( zero hedge)
ix)Tuesday afternoon:
I do not like the looks of this; A furious North Korea slams the USA as the aggressor who is begging for war and they state that they will respond in their own way;
( zerohedge)
b) REPORT ON JAPAN
c) REPORT ON CHINA
i)The story that we have been waiting 10 years to hear: China will set crude oil purchases in yuan and then back the yuan with gold. This will be the death knell of the petro-dollar scheme as the world by-passes the dollar. Either the USA joins by backing their dollar with verifiable gold or their dollar sinks. This move by China bypasses all sanctions as well as the SWIFT system of payment. Recall that China has their own CIP or CHIP payment system.
( Paraskova/OilPrice.com)
ii)China sees a new world order with the oil benchmark backed by gold
(asia.nikkei.com)
iii)Dave Krantzler discusses how China’s move to create a petro-yuan will reset the world’s reserve currency system
(courtesy zero hedge)
4. EUROPEAN AFFAIRS
In a leaked BREXIT document, the UK reveals that they will deter low skilled workers from entering the country: they will allow only high skilled labour
( zerohedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
i)Russia/USA
Moscow is furious with uSA plans to search the Russian Trade Mission. The property is owned by Russia:
(courtesy zerohedge)
ii) Turkey/Germany/EU
Both candidates agree that Turkey should not become an EU member. Turkey will become extremely angry and then it is plausible that they will release their 3 million migrants onto Greece:
(courtesy zero hedge)
iii) Russia/North Korea/USAPutin weighs in on the North Korean situation and states that further sanctions will not help one bit. They warn of a huge global catastrophe if more sanctions are applied and or a military strike
( zerohedge)
6 .GLOBAL ISSUES
7. OIL ISSUES
i)Gasoline prices tumble as several US Gulf Coast refineries resumed operations
( zerohedge)
ii) Gasoline drops as refiners restart. However Irma is heading straight for Miami but could head into the Gulf and cause more damage( zerohedge)
8. EMERGING MARKET
VENEZUELA
The messy state of affairs for Venezuela
( zerohedge)
9. PHYSICAL MARKETS
i)Monday gold/silver trading
At 2 am EST as silver was approaching $17.90 and gold at around $1337.00, another flash crash was initiated by our bankers with over ONE billion dollars worth of gold (750,000 oz) supplied short. Again this was foiled.
( zerohedge)
ii)Saturday
Bitcoin crashes 500 dollars down to $4500.00
( zerohedge)
iii)Monday
China states that it will punish initial offerings of cryptocurrencies. Bitcoin and Ethereum, the two leading cryptos fall.
Bitcoin falls to $4480 from $4600. Ethereum down to $310 from $400. China no doubt has now made its move with the real true currency: gold and silver and that should completely replace crypto currencies.
( zero hedge)
iv)Bill Murphy describes the gold suppression scheme and how GATA is working to expose the crime.
(courtesy GATA)
v)Mark Mobius believes (and he is probably correct) that the crackdown in the cryptocurrencies will spark a rush into gold
( Mark Mobius/Bloomberg)
10. USA Stories
i)Trading early Tuesday
( zerohedge)
ii)The tweet from Trump which got everybody riled up:
( zero hedge)
iii)Tuesday trading/
July factory orders plunge to its weakest level since February
( zero hedge)
iv)Hurricane Harvey could bankrupt the Federal flood insurance program. It is already in debt to the tune of 25 billion dollars and because private insurers will not cover flood damage, they provide up to 98% of insurance for floods. Because of the huge shortfall, they need to raise funds immediately and that should allow the safe passage of the debt ceiling to pay for huge damage cause by Harvey.
( zerohedge)
v)Sunday night/Irma
A professor with more advanced models predicts that Hurricane Irma is heading straight for Southern Florida and it’s wrath would cause considerable flooding in 3 potential areas of Florida including Miami
( zerohedge)
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vi)Monday night/Irma
Irma now intensifies as a category 4 hurricane and it is looks like it is head straight for Miami
( zerohedge)
vii)Tuesday morning/Irma/Category 5 Hurricane
hitting straight for Miami
(/zerohedge)
viii(This is going to get messy! Mueller finds his opening by teaming up with the IRS criminal division looking at Trump’s inner circle
( zerohedge)
ix)Judicial watch now sues the Dept of Justice for records of political contributions make to FBI’s assistant director’s wife Jill McCabe
( zerohedge)
x)Well that did not take long: Kevin McCarthy and the House has decided that it will not add “Harvey” funds to the Debt Ceiling bill
chaos followed..
(courtesy zero hedge)
xi)The underfunding of public pensions is highlighted in Minnesota where the liabilities tripled when the reduced the assumed rate of return from 8% down to 4.7%
( zerohedge)
xii)Now we will witness grocery store chains joining the retail bankruptcy chaos
( zerohedge)
xiii)David Stockman analyzes the latest Trump tax plan and he outlines how that will have no effect whatsoever in helping the taxpayer or create more revenue for government. Stockman’s plan is essentially to remove the costly payroll taxes and replace them with a larger VAT or consumption tax. In this way the taxpayer and the small businessmen are not saddled with high payroll taxes.
these high payroll taxes:
“cost precisely where the China Price (imported goods), the India Price (off-shored services) and the Robot Price (capital substitution) put immense competitive pressure on domestic, lower-wage jobs”
( David Stockman/Daily Reckoning)
xiv)this sent the dollar lower: Lael Brainard who has the ear of Fed Governor Yellen in a speech today, stated that inflation must rise before any additional rate hikes are done Gold rose on that.
(courtesy CNBC
Let us head over to the comex:
The total gold comex open interest ROSE BY A GOOD SIZED 5,372 CONTRACTS UP to an OI level of 555,543 WITH THE FAIR SIZED GAIN IN THE PRICE OF GOLD ($8.65 GAIN IN YESTERDAY’S trading). This time the bankers again supplied the necessary gold short paper when newbie longs took on our criminal bankers realizing that the geopolitical climate in the States was to the liking. They were further emboldened by the poor jobs report as these longs continued to pile into the gold comex with the commercials, undaunted, supplying the necessary short paper.
We had 0 notices of gold filed for Tuesday and thus nil oz will be delivered upon.
Result: a GOOD SIZED open interest increase with an good sized rise in the price of gold coupled with the poor jobs report on Friday.
The new non active September contract month saw it’s OI LOSE 18 contracts DOWN to 833. We had 9 notices filed on Friday so we lost 9 contracts or an additional 900 oz will not stand but these guys received 9 EFP’s 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 3 contracts DOWN to 45,841.
The November contract saw its first loss of 8 contracts down to 2.
The very big active December contract month saw it’s OI gain 985 contracts up to 435,966.
We had 0 notice(s) filed upon today for nil oz
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MMgys
This music coming from the sleeper car next door. They're really enjoying the ride. Hope you are too.
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And now for the wild silver comex results. Total silver OI ROSE BY 798 CONTRACTS FROM 178,897 UP TO 179,695 WITH FRIDAY’S 22 CENT GAIN IN PRICE. SILVER RESPONDED TO THE GEOPOLITICAL CLIMATE THROUGHOUT THE WORLD AND BECAME MORE EMBOLDENED TO TAKE TO TAKE ON SOME OF OUR BANKERS WITH THE RELEASE OF THE POOR JOB NUMBERS ON FRIDAY. HOWEVER IN CONTRAST TO GOLD, THE BANKERS STILL ARE LOATHE TO SUPPLY THE SHORT COMEX PAPER. SOME OLD SPECS EXITED BUT AT A HIGHER PRICE. DEMAND FOR PHYSICAL SILVER REMAINS EXTREMELY HIGH AS AGAIN THE AMOUNT STANDING FOR DELIVERY INCREASED AGAIN. WE HAVE BEEN WITNESSING THIS PHENOMENA FOR THE PAST 5 MONTHS. (SEE BELOW). WE LOST NO SEPT LONGS TO EFP’S TODAY
RESULT: A SMALL SIZED INCREASE IN OI AT THE COMEX WITH A 22 CENT GAIN IN PRICE. DEMAND FOR PHYSICAL SILVER RISES AGAIN AS THE AMOUNT STANDING INCREASES FOR THE SEPT CONTRACT MONTH. THE BANKERS AGAIN ARE LOSE TO SUPPLY THE NECESSARY SHORT PAPER.
We are now in the active contract month of September (and the last active month until December). Today we witness Sept. OI fall by 304 contacts down to 1875. We had 373 notices filed on Friday, so we again gained 69 contracts or an additional 345,000 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 13 contacts UP TO 912. November saw another gain of 9 contracts up to 15. After November, the NEXT big active contract month is December and here the OI GAINED by 234 contracts UP to 158,719 contracts.
We had 373 notice(s) filed for 1,865,000 oz for the SEPT. 2017 contract
VOLUMES: for the gold comex
ESTIMATED VOLUME TODAY: 520,636 CONTRACTS WHICH IS HUMONGOUS
FRIDAY’S confirmed volume was 395.143 which is HUGE
volumes on gold are STILL HIGHER THAN NORMAL!
INITIAL standings for SEPTEMBER
Sept. 5/2017.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz
2,829.200 oz
Scotia
88 kilobars
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz
NIL oz
No of oz served (contracts) today
0 notice(s)
nil OZ
No of oz to be served (notices)
833 contracts
(83300 oz)
Total monthly oz gold served (contracts) so far this month
49 notices
4900 oz
0.1524 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 5,369.1 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 1 customer withdrawal(s)
i) Out of Scotia: 2829.200 oz (88 kilobars)
total customer withdrawals; 2829.200 oz
we had 1 adjustment(s)
i) Out of Delaware:
we had 98.82 oz adjusted out of the dealer and this landed into the customer account of Delaware
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 0 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 (49) x 100 oz or 4900 oz, to which we add the difference between the open interest for the front month of SEPT. (833 contracts) minus the number of notices served upon today (0) x 100 oz per contract equals 82,200 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 (49) x 100 oz or ounces + {(833)OI for the front month minus the number of notices served upon today (0) x 100 oz which equals 88,200 oz standing in this active delivery month of SEPTEMBER (2.743 tonnes)
We lost 9 contracts or 900 oz will not stand and 9 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.
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Total dealer inventory 733,699.585 or 22.821 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 8,690,810.500 or 270.32 tonnes
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 270.32 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 13 MONTHS 84 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE AUGUST DELIVERY MONTH
September initial standings
Sept 5 2017
Silver Ounces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory
41,198.300 oz
Delaware
Scotia
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
150,135.600 oz
Scotia
No of oz served today (contracts)
373 CONTRACT(S)
(1,865,000 OZ)
No of oz to be served (notices)
1502 contracts
(7,510,000 oz)
Total monthly oz silver served (contracts) 2918 contracts (14,590,000 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 1,879,454.500 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 2 customer withdrawal(s):
i) Out of Delaware: 988.60 oz
ii) Out of Scotia: 40,209.2 oz
TOTAL CUSTOMER WITHDRAWALS: 41,198.300 oz
We had 1 Customer deposit(s):
I) into Scotia: 150,135.600 oz
***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: 600,590.290 oz
we had 0 adjustment(s)
The total number of notices filed today for the SEPTEMBER. contract month is represented by 373 contract(s) for 1,865,000 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 2918 x 5,000 oz = 14,590,000 oz to which we add the difference between the open interest for the front month of SEPT (1875) and the number of notices served upon today (373) x 5000 oz equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the SEPTEMBER contract month: 2918 (notices served so far)x 5000 oz + OI for front month of SEPTEMBER(1875 ) -number of notices served upon today (373)x 5000 oz equals 22,100,000 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.
WE HAD AN INCREASE OF 69 CONTRACTS OR AN ADDITIONAL 345,000 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 HAVE A DECREASE IN STANDING I.E. AS THEY DELIVERY MONTH PROCEEDS NOBODY WISHES AN EFP PRODUCT IN EXCHANGE FOR A DEPARTING LONG.
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: 120,681 CONTRACTS WHICH IS HUMONGOUS
YESTERDAY’s confirmed volume was 105,018 contracts which is GIGANTIC
YESTERDAY’S CONFIRMED VOLUME OF 105,018 CONTRACTS WHICH EQUATES TO 529 MILLION OZ OF SILVER OR 76% 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: 43.017 million (close to record low inventory
Total number of dealer and customer silver: 216.612 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 6.5% to NAV for Cdn funds!!!!
Percentage of fund in gold 62.3%
Percentage of fund in silver:37.7%
cash .+0.0%( Sept 5/2017)
2. Sprott silver fund (PSLV): STOCK NAV RISES TO -0.35% (Sept 5/2017)
3. Sprott gold fund (PHYS): premium to NAV RISES TO -0.34% to NAV (Sept 5/2017 )
Note: Sprott silver trust back into NEGATIVE territory at -0.35%/Sprott physical gold trust is back into NEGATIVE/ territory at -0.34%/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
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 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.
August 16/no change in gold inventory at the GLD. Inventory rests at 791.01 tonnes
August 15/no change in gold inventory at the GLD/inventory rests at 791.01 tonnes
August 14/this is good!!: a gain of 4.14 tonnes of gold into the GLD inventory/the removal of GLD gone to the east has now stopped probably because there is no physical to send/inventory rests at 791.01 tonnes
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
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Sept 5 /2017/ Inventory rests tonight at 831.21 tonnes
*IN LAST 225 TRADING DAYS: 118.67 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 163 TRADING DAYS: A NET 38.76 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 721.95 TONNES HAVE BEEN ADDED.
end
Now the SLV Inventory
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
August 16/no change in silver inventory at the SLV/Inventory rests at 335.825 million oz/
August 15/no change in silver inventory at the SLV/Inventory rests at 335.825 million oz.
August 14./no change in silver inventory/inventory rests at 335.825 million/
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
Sept 5.2017:
Inventory 331.761 million oz
end
6 Month MM GOFO
Indicative gold forward offer rate for a 6 month duration
+ 1.38%
12 Month MM GOFO
+ 1.50%
30 day trend
end
Major gold/silver trading/commentaries for TUESDAY
GOLDCORE/BLOG/MARK O’BYRNE.
GOLD/SILVER
Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response
By Mark O’Byrne September 4, 2017 0 Comments
– Safe haven gold extends rally to 11-month high after North Korea nuke test and U.S. warns of ‘massive’ response
– Asian and European stocks fall, bonds flat, gold, silver, palladium, Swiss franc rise as Korea tensions flare as North Korea tests ‘hydrogen bomb’
– North Korea prepares for possible ICBM launch says S. Korea
– U.S. warns of ‘massive,’ ‘overwhelming’ military response to North Korea after meeting with Trump
– Trump weighing new economic sanctions that target China
– Gold is consolidating above the $1,300/oz key resistance level and building on 4% gain seen in August
Relative Performance (1 Day) – Finviz.com
Safe haven gold continued to eke out further gains of 0.73% today and reached its highest level in 11 months at $1,338.65/0z. The latest gains came after North Korea’s latest and most powerful nuclear test again saw investors diversify into safe haven gold and other safe haven assets.
Asian and European shares have fallen and the geo-political risk led to the the usual knee-jerk shift to safe havens pushing the yen, Swiss franc, gold and silver higher.
The Nikkei was down 0.93 and EuroStoxx 50 was down 0.45%. The Stoxx Europe 600 Index declined, with all industry sectors in the red.
The U.K.’s FTSE 100 Index dipped 0.3 percent and Germany’s DAX Index fell 0.5 percent. The MSCI All-Country World Index sank 0.2 percent, the largest dip in more than two weeks. Stock market futures suggest a difficult day for global equities.
The White House warned any nation doing business with Kim Jong Un’s regime would be met with economic sanctions and trade embargoes, and Trump’s defense chief said the U.S. has “many military options.”
Gold’s gains came after gold rose both last week and in August when gold and silver saw strong safe haven gains of 4% and 5% respectively.
Related Content
Precious Metals Outperform Markets In August – Gold +4%, Silver +5%
4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders
Diversify Into Gold On U.S. “Political Instability” Advise Blackrock
Gold and Silver Bullion – News and Commentary
Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response (Reuters)
Asian Stocks Fall, Yen Jumps After Korea Bomb Test (Bloomberg)
Yen, bonds and gold gain after North Korea tests ‘hydrogen bomb’ (Reuters)
Gas, Gold Are Boosted by Geopolitical Tensions (Bloomberg)
President Trump denounces North Korea’s ‘hostile, dangerous’ weapons test (CNBC)
Source: Marketwatch
The Depression You’ve Probably Never Heard Of (Moneyweek)
Gold Pops, Stocks Drop As Futures Open After Korean Chaos (Zerohedge)
China’s New World Order – Own Oil Benchmark Backed By Gold (Asia Nikkei)
A “Super-Powerful” EMP Attack: North Korea’s Newest Weapon Against The U.S. (Zerohedge)
The US Cities with the Biggest Housing Bubbles (Wolfstreet)
Gold Prices (LBMA AM)
04 Sep: USD 1,334.60, GBP 1,030.98 & EUR 1,114.15 per ounce
01 Sep: USD 1,318.40, GBP 1,020.18 & EUR 1,106.85 per ounce
31 Aug: USD 1,305.80, GBP 1,013.17 & EUR 1,098.31 per ounce
30 Aug: USD 1,310.60, GBP 1,014.93 & EUR 1,096.71 per ounce
29 Aug: USD 1,323.40, GBP 1,020.34 & EUR 1,097.36 per ounce
25 Aug: USD 1,287.05, GBP 1,003.90 & EUR 1,090.90 per ounce
24 Aug: USD 1,285.90, GBP 1,003.26 & EUR 1,090.44 per ounce
Silver Prices (LBMA)
04 Sep: USD 17.80, GBP 13.75 & EUR 14.95 per ounce
01 Sep: USD 17.50, GBP 13.53 & EUR 14.69 per ounce
31 Aug: USD 17.34, GBP 13.47 & EUR 14.62 per ounce
30 Aug: USD 17.44, GBP 13.49 & EUR 14.60 per ounce
29 Aug: USD 17.60, GBP 13.59 & EUR 14.62 per ounce
25 Aug: USD 17.02, GBP 13.26 & EUR 14.40 per ounce
24 Aug: USD 16.93, GBP 13.20 & EUR 14.36 per ounce
Recent Market Updates
– Precious Metals Outperform Markets In August – Gold +4%, Silver +5%
– 4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders
– Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards
– Gold Surges 2.6% After Jackson Hole and N. Korean Missile
– Diversify Into Gold On U.S. “Political Instability” Advise Blackrock
– Trump Presidency Is Over – Bannon Is Right
– The Truth About Bundesbank Repatriation of Gold From U.S.
– Cyberwar Risk – Was U.S. Navy Victim Of Hacking?
– Global Financial Crisis 10 Years On: Gold Rises 100% from $650 to $1,300
– Mnuchin: I Assume Fort Knox Gold Is Still There
– Buffett Sees Market Crash Coming? His Cash Speaks Louder Than Words
– Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High
– – Gold Hedges USD Devaluation, Rise in Oil, Food and Cost of Living Since Nixon Ended Gold Standard
end
Thanks Harvey Always Good
click me click me click me I'm Simo strike hahh
Hummm same beat as the train*CoooooL*
Fed governor urges central bank to pretend there's no inflation
Submitted by cpowell on Tue, 2017-09-05 14:30. Section: Daily Dispatches
Fed Should Be Cautious in Face of Weak U.S. Inflation, Fed Governor Brainard Says
By Jonathan Spicer and Stephanie Kelly
Reuters
Tuesay, September 5, 2017
NEW YORK -- Inflation is falling "well short" of target so the Federal Reserve should be cautious about raising interest rates any further until it is confident that prices are headed higher, an influential Fed policymaker said today.
In a dovish speech in the face of months of weak inflation readings, Fed Governor Lael Brainard said the U.S. central bank should go so far as to make clear it is comfortable pushing prices modestly above the Fed's 2-percent target.
Brainard, a permanent voter on the Fed's monetary policy who has in the past convinced colleagues to delay tightening, seized on a core price reading that has dipped to 1.4 percent and has remained below a 2-percent target for five years.
"We should be cautious about tightening policy further until we are confident inflation is on track to achieve our target," Brainard said in a speech in New York. ...
... For the remainder of the report:
http://www.reuters.com/article/us-usa-fed-brainard/fed-should-be-
cautiou...
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Dave Kranzler: China begins to reset the world's currency system
Submitted by cpowell on Mon, 2017-09-04 14:58. Section: Daily Dispatches
10:57a ET Monday, September 4, 2017
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics today joins those who see an attack on the dollar brewing in China's offering its oil suppliers the opportunity to accept payment in yuan that can be exchanged for gold on the Shanghai and Hong Kong exchanges. But will such oil suppliers seeking to convert yuan to gold in China be permitted to take their gold out of the country? That does not seem to be allowed at present, and if it is not allowed, the touted conversion will be a polite fiction.
Kranzler's commentary is headlined "China Begins to Reset the World's Reserve Currency System and it's posted at IRD here:
http://investmentresearchdynamics.com/china-begins-to-reset-the-worlds-r...
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China's central bank declares initial coin offerings illegal
Submitted by cpowell on Mon, 2017-09-04 11:52. Section: Daily Dispatches
By Lulu YilunChen and Justina Lee
Bloomberg News
Monday, September 4, 2017
China's central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales.
The People's Bank of China said on its website Monday that it had completed investigations into ICOs, and will strictly punish offerings in the future while penalizing legal violations in ones already completed. The regulator said that those who have already raised money must provide refunds, though it didn't specify how the money would be paid back to investors.
It also said digital token financing and trading platforms are prohibited from doing conversions of coins with fiat currencies. Digital tokens can't be used as currency on the market and banks are forbidden from offering services to initial coin offerings. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-sa...
http://www.gata.org/node/17614
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Wolves of Wall Street?
this is Loaded
https://www.realvision.com/landing/weekly-hack-1-09-17-wall-street
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Gold: Book Profits Now
http://www.321gold.com/editorials/thomson_s/thomson_s_090517.html
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FLORIDA BRACES FOR ANNIHILATION: HURRICANE IRMA CLOCKING IN AT 200MPH SURFACE WINDS
http://www.zerohedge.com/news/2017-09-05/florida-braces-annihilation-hurricane-irma-clocking-200mph-surface-winds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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US Bitcoin Exchange Coinbase Hits 10 Million Users
http://www.zerohedge.com/news/2017-09-05/us-bitcoin-exchange-coinbase-hits-10-million-users?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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Thank You Hope you enjoyed the ride.
I'll get it right one of these times
Take Care
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