The GraveYard Shift

[JD400]

Midnight City Data

Good Morning Good Evening


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


Were Packed again on the show tonight with Great Data & News by Harvey Organ, Will Gold Prices Continue To Rise In 2019,Another video by Investors Hub Videowire,Headline Miner News and a Look at the National Debt Clock 'Bond King' Jeffrey Gundlach says the national debt is 'totally out of control'


Hello everybody I'm J:D your host tonight Thanks for being with us.

Hope your having a Fine evening tonight and start to your weekend

EnJoy the show

OK...Let's go ! !

MMGYS

Thank you


MAY 9/GOLD UP $4.00 TO $1284.60//SILVER IS DOWN 9 CENTS TO $14.77//QUEUE JUMPING CONTINUES UNABATED AT THE GOLD AND SILVER COMEX//SILVER IS STILL 7 CENTS BACKWARD IN LONDON//USA THREATENS ALLY UK IF THEY USE HUAWEI PRODUCTS//TURKEY IS SEVERE TROUBLE AS INTEREST RATES RISE TO 25.5% AND THE LIRA TUMBLES TO 6.23 TO THE DOLLAR//SOME GOOD SWAMP STORIES FOR YOU TONIGHT//
May 9, 2019 · by harveyorgan · in Uncategorized · Leave a comment















GOLD: $1284.60 UP $4.00 (COMEX TO COMEX CLOSING)

Silver: $14.77 DOWN 9 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold : 1283.90







silver: $14.76







JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)

today RECEIVING: 3/5

EXCHANGE: COMEX
CONTRACT: MAY 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,279.400000000 USD
INTENT DATE: 05/08/2019 DELIVERY DATE: 05/10/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
661 C JP MORGAN 3
737 C ADVANTAGE 5 2
____________________________________________________________________________________________

TOTAL: 5 5
MONTH TO DATE: 176




NUMBER OF NOTICES FILED TODAY FOR MAY CONTRACT: 5 NOTICE(S) FOR 500 OZ (0.0155 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR: 176 NOTICES FOR 17600 OZ (.5474 TONNES)





SILVER



FOR MAY

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX


49 NOTICE(S) FILED TODAY FOR 265,000 OZ/



total number of notices filed so far this month: 3328 for 16,640,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: OPENING MORNING TRADE :$6106 UP $107.00




Bitcoin: FINAL EVENING TRADE: $6136 UP $115





end



XXXX









Let us have a look at the data for today

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IN SILVER THE COMEX OI FELL BY A TINY SIZED 685 CONTRACTS FROM 199,497 DOWN TO 198,782 ACCOMPANYING YESTERDAY’S 3 CENT FALL IN SILVER PRICING AT THE COMEX. ,LIQUIDATION OF THE SPREADERS HAVE STOPPED FOR SILVER BUT IT NOW COMMENCES FOR GOLD. TODAY WE705RRIVED FURTHER FROM AUGUST’S 2018 RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.

WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP’S. WE WERE NOTIFIED THAT WE HAD A FAIR SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:

0 FOR MAY, 0 FOR JUNE, 730 FOR JULY AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 730 CONTRACTS. WITH THE TRANSFER OF 730 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24-48 HRS IN THE ISSUING OF EFP’S. THE 730 EFP CONTRACTS TRANSLATES INTO 3.650 MILLION OZ ACCOMPANYING:

1.THE 3 CENT FALL IN SILVER PRICE AT THE COMEX AND

2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST NINE MONTHS:

JUNE/2018. (5.420 MILLION OZ);

FOR JULY: 30.370 MILLION OZ

FOR AUG., 6.065 MILLION OZ

FOR SEPT. 39.505 MILLION OZ S

FOR OCT.2.525 MILLION OZ.

FOR NOV: A HUGE 7.440 MILLION OZ STANDING AND

21.925 MILLION OZ FINALLY STAND FOR DECEMBER.

5.845 MILLION OZ STAND IN JANUARY.

2.955 MILLION OZ STANDING FOR FEBRUARY.:

27.120 MILLION OZ STANDING IN MARCH.

3.875 MILLION OZ STANDING FOR SILVER IN APRIL.

AND NOW 18.225 MILLION OZ STANDING FOR SILVER IN MAY.





ACCUMULATION FOR EFP’S/SILVER/J.P.MOAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF MAY:

9538 CONTRACTS (FOR 7 TRADING DAYS TOTAL 9538 CONTRACTS) OR 47.69 MILLION OZ: (AVERAGE PER DAY: 1362 CONTRACTS OR 6.81 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF MAY: 47.69 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 6.81% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)* JUNE’S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP’S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.

ACCUMULATION IN YEAR 2019 TO DATE SILVER EFP’S: 788.52 MILLION OZ.

JANUARY 2019 EFP TOTALS: 217.455. MILLION OZ

FEB 2019 TOTALS: 147.4 MILLION OZ/

MARCH 2019 TOTAL EFP ISSUANCE: 207.835 MILLION OZ

APRIL 2019 TOTAL EFP ISSUANCE: 182.87 MILLION OZ.





RESULT: WE HAD A SMALL SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 685 WITH THE 3 CENT FALL IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD A FAIR SIZED EFP ISSUANCE OF 730 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER (SEE COMEX DATA) . OUR BANKERS RESUMED THEIR LIQUIDATION OF THE SPREAD TRADES TODAY.



TODAY WE GAINED A TINY SIZED: 45 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:

i.e 730 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH DECREASE OF 685 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 3 CENT FALL IN PRICE OF SILVER AND A CLOSING PRICE OF $14.89 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY!!





In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. 0.999 BILLION OZ TO BE EXACT or 143% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 49 NOTICE(S) FOR 245,000 OZ OF SILVER

IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 243,411 CONTRACTS ON APRIL 9.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51.

AND NOW WE RECORD FOR POSTERITY ANOTHER ALL TIME RECORD OPEN INTEREST AT THE COMEX OF 244,196 CONTRACTS ON AUGUST 22/2018 AND AGAIN WHEN THIS RECORD WAS SET, THE PRICE OF SILVER WAS $14.78 AND LOWER IN PRICE THAN PREVIOUS RECORDS.

ON THE DEMAND SIDE WE HAVE THE FOLLOWING:

HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ MAY: 36.285 MILLION OZ ; JUNE/2018 (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ ) FOR AUGUST 6.065 MILLION OZ. , SEPT: A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ JANUARY AT 5.825 MILLION OZ.AND FEB 2019: 2.955 MILLION OZ/ MARCH: 27.120 MILLION OZ/ APRIL AT 3.875 MILLION OZ/ AND NOW MAY: 18.225 MILLION OZ ..
HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018) AND NOW AUGUST 22/2018: 244,196 CONTRACTS, WITH A SILVER PRICE OF $14.78.
HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017
RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLION OZ/ AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ

AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT).



IN GOLD, THE OPEN INTEREST ROSE BY A HUMONGOUS SIZED 12,786 CONTRACTS, TO 462,825 DESPITE THE FALL IN THE COMEX GOLD PRICE/(AN DECREASE IN PRICE OF $3.70//YESTERDAY’S TRADING).

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL SIZED 3268 CONTRACTS:

APRIL 0 CONTRACTS,JUNE: 8232 CONTRACTS DECEMBER: 0 CONTRACTS, JUNE 2020 0 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 462,825. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.

IN ESSENCE WE HAVE AN ATMOSPHERIC SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 20,152 CONTRACTS: 12,786 OI CONTRACTS INCREASED AT THE COMEX AND 7366 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 20,152 CONTRACTS OR 2,015,200 OZ OR 62.68 TONNES. YESTERDAY WE HAD A LOSS IN THE PRICE OF GOLD TO THE TUNE OF ONLY $3.70….AND WITH THAT FALL, WE HAD A HUMONGOUS GAIN IN TONNAGE OF 62.58 TONNES!!!!!!.??????????????????????????????????????????

AS YOU WILL SEE, THE CROOKS HAVE NOW SWITCHED TO GOLD AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.



HERE IS HOW THE CROOKS USED SPREADING AS WE ENTER A NON ACTIVE DELIVERY MONTH OF MAY HEADING TOWARDS THE VERY ACTIVE DELIVERY MONTH OF JUNE.

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES, HERE IS THE BANKERS MODUS OPERANDI:

“YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST IS STARTING TO RISE IN THIS NON ACTIVE MONTH OF MAY BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN GOLD WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (JUNE), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”











ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MAY : 41,650 CONTRACTS OR 4,165,000 OR 129.54 TONNES (7 TRADING DAYS AND THUS AVERAGING: 5950 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 7 TRADING DAYS IN TONNES: 129.54 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 129.54/3550 x 100% TONNES =3.64% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***

ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE: 1945.11 TONNES

JANUARY 2019 TOTAL EFP ISSUANCE; 531.20 TONNES

FEB 2019 TOTAL EFP ISSUANCE: 344.36 TONNES

MARCH 2019 TOTAL EFP ISSUANCE: 497.16 TONNES

APRIL 2019 TOTAL ISSUANCE: 456.10 TONNES





WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLEDRIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.





Result: A HUGE SIZED INCREASE IN OI AT THE COMEX OF 12,786 DESPITE THE FALL IN PRICING ($3.70) THAT GOLD UNDERTOOK YESTERDAY) //.WE ALSO HAD A HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7366 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 7366 EFP CONTRACTS ISSUED, WE HAD AN ATMOSPHERIC SIZED GAIN OF 20,152 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:

7366 CONTRACTS MOVE TO LONDON AND 12,786 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 62.68 TONNES). ..AND THIS HUGE DEMAND OCCURRED WITH A FALL IN PRICE OF $3.70 IN YESTERDAY’S TRADING AT THE COMEX. NO DOUBT THAT A STRONG PERCENTAGE OF OI GAIN WAS DUE TO THE CONTINUING OF THE SPREADING OPERATION AS I HAVE OUTLINED ABOVE.







we had: 5 notice(s) filed upon for 500 oz of gold at the comex.



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

GLD...



WITH GOLD UP $4.00 TODAY



NO CHANGE IN GOLD INVENTORY AT THE GLD//







INVENTORY RESTS AT 739.64 TONNES

IT LOOKS LIKE WE HAVE REACHED THE BOTTOM OF THE BARREL FOR PHYSICAL GOLD BEING SUPPLIED TO THE CROOKS.



TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD. IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY



SLV/

WITH SILVER DOWN 9 CENTS TODAY:

NO CHANGE IN SILVER INVENTORY AT THE SLV//















/INVENTORY RESTS AT 316.582 MILLION OZ.





end

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

1. Today, we had the open interest in SILVER FELL BY A TINY SIZED 685 CONTRACTS from 199,467 DOWN TO 198,782 AND FURTHER FROM THE NEW COMEX RECORD SET LAST IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 1 1/3 YEARS AGO. THE PRICE OF SILVER ON THAT DAY: $17.89. AS YOU CAN SEE, WE HAVE RECORD HIGH OPEN INTERESTS IN SILVER ACCOMPANIED BY A CONTINUAL LOWER PRICE WHEN THAT RECORD WAS SET…..THE SPREADERS HAVE STOPPED THEIR LIQUIDATION IN SILVER BUT HAVE NOW MORPHED INTO GOLD..









EFP ISSUANCE:

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:



0 CONTRACTS FOR APRIL., 0 FOR MAY, FOR JUNE 0 CONTRACTS AND JULY: 730 CONTRACTS AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 730 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE OI LOSS AT THE COMEX OF 685 CONTRACTS TO THE 730 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A SMALL GAIN OF 45 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES: 0.225 MILLION OZ!!! AND YET WE ALSO HAVE A STRONG DEMAND FOR PHYSICAL AS WE WITNESSED A FINAL STANDING OF GREATER THAN 30 MILLION OZ FOR JULY, A STRONG 7.475 MILLION OZ FOR AUGUST.. A HUGE 39.505 MILLION OZ STANDING FOR SILVER IN SEPTEMBER… OVER 2 million OZ STANDING FOR THE NON ACTIVE MONTH OF OCTOBER., 7.440 MILLION OZ FINALLY STANDING IN NOVEMBER. 21.925 MILLION OZ STANDING IN DECEMBER , 5.845 MILLION OZ STANDING IN JANUARY. 2.955 MILLION OZ STANDING IN FEBRUARY, 27.120 MILLION OZ FOR MARCH., 3.875 MILLION OZ FOR APRIL AND NOW 18.225 MILLION OZ FOR MAY





RESULT: A TINY SIZED DECREASE IN SILVER OI AT THE COMEX WITH THE 3 CENT GAIN IN PRICING THAT SILVER UNDERTOOK IN PRICING// YESTERDAY. WE ALSO HAD A GOOD SIZED 730 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE STRONG SIZED AMOUNT OF SILVER OUNCES STANDING FOR THIS MONTH, DEMAND FOR PHYSICAL SILVER CONTINUES TO INTENSIFY AS WE WITNESS SEVERE BACKWARDATION IN SILVER IN LONDON.

BOTH THE SILVER COMEX AND THE GOLD COMEX ARE IN STRESS AS THE BANKERS SCOUR THE BOWELS OF THE EXCHANGE FOR METAL





(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)THURSDAY MORNING/ WEDNESDAY NIGHT:

SHANGHAI CLOSED DOWN 42.80 POINTS OR 1.48% //Hang Sang CLOSED DOWN 692.13 POINTS OR 2.39% /The Nikkei closed DOWN 200.46 POINTS OR 0.93%//Australia’s all ordinaires CLOSED UP .40%

/Chinese yuan (ONSHORE) closed DOWN at 6.8243 AS TRUCE DECLARED FOR 3 MONTHS /Oil UP to 61.92 dollars per barrel for WTI and 70.47 for Brent. Stocks in Europe OPENED RED// ONSHORE YUAN CLOSED DOWN // LAST AT 6.8243 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.8483 TRADE TALKS STILL ON//TRUMP THREATENS A NEW 25% TARIFFS ON FRIDAY/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED : /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP THREATENS TO RAISE RATES TO 25%








3A//NORTH KOREA/ SOUTH KOREA

NORTH KOREA






b) REPORT ON JAPAN


3 China/Chinese affairs

i)China/USA/FED

Interesting: China is playing hardball because they read us: namely that the USA economy is not doing too good. Also the fact that Trump is asking the Fed’s Powell to lower interest rates is a powerful indicator that the uSA economy is waning.

( zerohedge)

ii)CHINA/FOREIGNERS

Foreigners are dumping Chinese stocks with reckless abandon as they are frightened ahead of the expected tariff increase.

( zerohedge)
4/EUROPEAN AFFAIRS

i)UK

This is serious stuff: The USA threatens the UK over their potential of Huawei in the 5G wireless space

( Mish Shedlock/Mishtalk)

ii)Europe/Iran/USA

Trump’s plan to issue sanctions on Iran’s base metals industry is a stroke of genius. The aim is to cripple their domestic industry as over 600,000 Iranians are employed in this sector. Europe is standing strong as they reject Iranian ultimatums on the nuclear deal. Iran had given Europe a 60 day notice that they need sanctions relief or else…

(courtesy zerohedge)


5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

i)ISRAEL GAZA/WEST BANK/PALESTINIANS

Israeli Newspaper leaks terms of Trump’s new Middle East Peace Plan between Israel, Gaza and the Palestinians in the West Bank. It is interesting but I doubt if Hamas in Gaza will entertain such a project

( Middle East Monitor)
ii)Iran/USA/Suez Canal
Tensions rise as the the Aircraft carrier Abraham Lincoln passes through the Suez Canal en route to Iran.
(zerohedge)

iii)TURKEY
There is no question that Turkey is in deep trouble. Firstly, Erdogan raised rates from 24% to 25.5% which just about kills off most corporates in Turkey.

The lira plummeted to 6.24 which causes citizens to bail on its currency as they desperate try to convert to dollars that which is in low supply.

Remember: Turkey has about 11 billion in ture asset reserves of which gold, at 511 tonnes is around 24 billion dollars. Turkey will never sell an ounce of gold contrary to the doorknob Maduro in Venezuela. Turkey must face China and Russia and then default on its western assets. This will break most of the European banks.

(courtesy zerohedge)
6. GLOBAL ISSUES

i)A good global Bellwether on the shape of economies and growth for the world.

( zerohedge)


7. OIL ISSUES




8 EMERGING MARKET ISSUES

VENEZUELA/USA

Trump now turns on Bolton for accusing him of trying to start a war in Venezuela according to the Washington Post



( zerohedge)






9. PHYSICAL MARKETS




10. USA stories which will influence the price of gold/silver)





MARKET TRADING//

a)Market trading: last night

“Trump last night: China broke the deal and they will be paying..”

(zerohedge)


b)This morning
Stocks not happy this morning after the Chinese Media state that there is a zero chance of a trade deal
(courtesy zerohedge)
c)BEGINNING OF THE AFTERNOON:
Just what the Chinese needed; the FCC blocks China mobile from the USA market over espionage concerns
(courtesy zerohedge)



ii)Market data

a)The Fed are just not getting the inflation traction that they need: core PPI records its slowest growth in 11 months

( zerohedge)
b)The trade deficit was in line with expectations at 50 billion dollars. However what is very disconcerting is that trade with China dropped hugely. Then other bad news: trade gap with Mexico rose by 9 billion dollars and the trade gap with Europe rose by $7 billion s to $14 billion dollars.
Trump is not winning exactly what Alasdair Macleod forecasted. The USA is not “saving” and as such its trade deficit will not shrink despite the tariffs.
(zerohedge)

ii)USA ECONOMIC/GENERAL STORIES



SWAMP STORIES

So true: where the USA is headed as we enter the 2020 election cycle.. Will the electorate see through the chaos created by the Democrats.

( Theodore Schatt)


E)SWAMP STORIES/MAJOR STORIES//THE KING REPORT


Let us head over to the comex:



THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A HUMONGOUS SIZED 12,786 CONTRACTS.TO A LEVEL OF 465,557 DESPITE THE LOSS IN THE PRICE OF GOLD ($3.70) IN YESTERDAY’S // COMEX TRADING)

WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF MAY.. THE CME REPORTS THAT THE BANKERS ISSUED A HUGE SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 7366 EFP CONTRACTS WERE ISSUED:

0 FOR JUNE ’19: 7366 CONTRACTS , DEC; 0 CONTRACTS: 0 AND ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 7366 CONTRACTS.

THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS. ALSO REMEMBER THAT THERE IS NO DOUBT A HUGE DELAY IN THE ISSUANCE OF EFP’S AND IT PROBABLY TAKES AT LEAST 48 HRS AFTER LONGS GIVE UP THEIR COMEX CONTRACTS FOR THEM TO RECEIVE THEIR EFP’S AS THEY ARE NEGOTIATING THIS CONTRACT WITH THE BANKS FOR A FIAT BONUS PLUS THEIR TRANSFER TO A LONDON BASED FORWARD.

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: 20,152 TOTAL CONTRACTS IN THAT 7366 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A HUMONGOUS SIZED 12,786 COMEX CONTRACTS.



NET GAIN ON THE TWO EXCHANGES : 20,152 contracts OR 2,015,200 OZ OR 62.68 TONNES.



We are now in the NON active contract month of MAY and here the open interest stands at 128 contracts, having LOST 2 contracts. We had 7 notices served yesterday so we gained 5 contracts or an additional 500 oz will stand as they guys refused to morph into a London based forward as well as negating a fiat bonus

The next contract month after May is June and here the open interest FELL by 1066 contracts DOWN to 282,238. July GAINED 5 contracts to stand at 57. After July the next active month is August and here the OI rose by 11,916 contracts up to 105,494 contracts.







TODAY’S NOTICES FILED:

WE HAD 5 NOTICES FILED TODAY AT THE COMEX FOR 500 OZ. (0.0155 TONNES)



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And now for the wild silver comex results.

Total COMEX silver OI FELL BY A TINY SIZED 685 CONTRACTS FROM 199,467 DOWN TO 198,782(AND FURTHER FROM THE NEW RECORD OI FOR SILVER SET ON AUGUST 22.2018. THE PREVIOUS RECORD WAS SET APRIL 9.2018/ 243,411 CONTRACTS) AND TODAY’S TINY OI COMEX LOSS OCCURRED WITH A 3 CENT LOSS IN PRICING.//YESTERDAY.





WE ARE NOW INTO THE ACTIVE DELIVERY MONTH OF MAY. HERE WE HAVE 366 OPEN INTEREST STAND SO FAR FOR A LOSS OF ONLY 133 CONTRACTS. WE HAD 152 NOTICES SERVED UPON YESTERDAY SO IN ESSENCE WE GAINED ANOTHER 19 CONTRACTS OR AN ADDITIONAL 95,000 OZ WILL STAND FOR DELIVERY AS THESE GUYS REFUSED TO MORPH INTO LONDON BASED FORWARDS AND AS WELL THEY NEGATING A FIAT BONUS. SILVER MUST BE SCARCE AT THE COMEX. QUEUE JUMPING RETURNS WITH A VENGEANCE. WE HAVE NOW SURPASSED THE INITIAL AMOUNT STANDING WHICH OCCURED ON APRIL 30.2019







THE NEXT MONTH AFTER MAY IS THE NON ACTIVE MONTH OF JUNE. HERE THIS MONTH GAINED 7 CONTRACTS UP TO 706. AFTER JUNE IS THE ACTIVE MONTH OF JULY, (THE SECOND LARGEST DELIVERY MONTH OF THE YEAR FOR SILVER) AND HERE THIS MONTH LOST 407 CONTRACTS DOWN TO 151,394 CONTRACTS. THE NEXT ACTIVE MONTH AFTER JULY FOR SILVER IS SEPTEMBER AND HERE THE OI ROSE BY 175 UP TO 16,868 CONTRACTS.









TODAY’S NUMBER OF NOTICES FILED:



We, today, had 49 notice(s) filed for 245,000 OZ for the MARCH, 2019 COMEX contract for silver




Trading Volumes on the COMEX TODAY: 302,175 CONTRACTS




CONFIRMED COMEX VOL. FOR YESTERDAY: 343,112 contracts







THE COMEX DATA FOR SOME REASON HAS NOT BEEN SUPPLIED BY THE CME BY THE TIME I USUALLY PUBLISH

THE DATA IS IMPORTANT AND I WILL UPDATE AS SOON AS IT ARRIVES FROM THE CROOKS.










INITIAL standings for MAY/GOLD

MAY 9 /2019.
Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
46,630.620
oz
JPM
Scotia
Deposits to the Dealer Inventory in oz nil

oz



we had 0 dealer entries:





total dealer deposits: nil oz

total dealer withdrawals: nil oz

We had 0 kilobar entries



we had 0 deposit into the customer account

i) Into JPMorgan: nil oz



ii) Into everybody else: zero oz





total gold deposits: nil oz



very little gold arrives from outside/ again zero amount arrived today

we had 0 gold withdrawals from the customer account:

(maybe investors are taking our advice by not storing their gold at the comex.)

this will hurt our bankers as they need to replace leased gold as all gold stored at the gold comex is unallocated.

IT LOOKS LIKE THE RATS ARE FLEEING A SINKING SHIP!

Gold withdrawals;

i) We had 2 withdrawals:

Out of JPMorgan: 40,629.560 oz

ii) Out of Scotia: 6,001.06 oz



.

total gold withdrawals; 46,630.620 oz




i) we had 0 adjustments today

FOR THE MAY 2019 CONTRACT MONTH)

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 5 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 3 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account and 0 notices by the squid (Goldman Sachs)



xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
To calculate the INITIAL total number of gold ounces standing for the MAY /2019. contract month, we take the total number of notices filed so far for the month (176) x 100 oz , to which we add the difference between the open interest for the front month of MAY. (128 contract) minus the number of notices served upon today (5 x 100 oz per contract) equals 29,900 OZ OR 0.9300 TONNES) the number of ounces standing in this NON active month of MAY

Thus the INITIAL standings for gold for the MAY/2019 contract month:

No of notices served (176 x 100 oz) + (128)OI for the front month minus the number of notices served upon today (5 x 100 oz )which equals 29,900 oz standing OR 0.9300 TONNES in this NON active delivery month of MAY.

We gained 5 contracts or an additional 500 oz will stand for delivery as they refused to morph into a London based forwards. Queue jumping continues where we left off last month in gold and for that matter in silver. We now have two precious metals undergoing queue jumping as the bankers scramble to obtain physical metal.











SURPRISINGLY LITTLE GOLD HAS BEEN ENTERING THE COMEX VAULTS AND WE HAVE WITNESSED THIS FOR THE PAST YEAR!! WE HAVE ONLY 6.604 TONNES OF REGISTERED ( GOLD OFFERED FOR SALE) VS 0.9300 TONNES OF GOLD STANDING// THEY SEEM TO BE USING CONSIDERABLE GOLD VAPOUR TO SETTLE UPON UNSUSPECTING LONGS.










total registered or dealer gold: 212,322.479 oz or 6.604tonnes
total registered and eligible (customer) gold; 7,702,775.662 oz 239.58 tonnes





FOR COMPARISON FIRST DAY NOTICE FOR APRIL 2018 AND FINAL STANDING APRIL 30 2018





AT FIRST DAY NOTICE MAY 1 2018: WE HAD 1.284 TONNES OF GOLD STAND. BY MONTH’S END: 2.27 TONNES AS WE HAD ONE QUEUE JUMPING IN THE MIDDLE OF THE MONTH.

IN THE LAST 31 MONTHS 116 NET TONNES HAS LEFT THE COMEX.


THE GOLD COMEX IS NOW IN STRESS AS
1. GOLD IS LEAVING THE COMEX
2. GOLD IS LEAVING THE REGISTERED CATEGORY OF THE COMEX.

end
And now for silver
AND NOW THE DELIVERY MONTH OF APRIL
INITIAL standings/SILVER
MAY 9 2019
Silver Ounces
Withdrawals from Dealers Inventory NIL oz
Withdrawals from Customer Inventory
984,748.412 oz
Brinks
CNT
Scotia














Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
2923,700 oz
Delaware
No of oz served today (contracts)
49
CONTRACT(S)
(245,000 OZ)
No of oz to be served (notices)
317 contracts
1,585,000 oz)
Total monthly oz silver served (contracts) 3328 contracts

16,640,000 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

**



we had 0 inventory movement at the dealer side of things



total dealer deposits: nil oz

total dealer withdrawals: nil oz

we had 1 deposits into the customer account

into JPMorgan: nil





*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.

JPMorgan now has 149.469 million oz of total silver inventory or 48.80% of all official comex silver. (149 million/305 million)



into Delaware: 2923.700 oz



















total customer deposits today: 2923.700 oz


we had 3 withdrawals out of the customer account:



i) Out of CNT: 73107.062 oz

ii) Out of Brinks: 906,752.85 oz

iii) Out of Scotia: 4888.500 oz






total withdrawals: 984,748.412 oz



we had 2 adjustment :

out of CNT: 168,114.02 oz was adjusted out of the customer account and this landed into the dealer account of CNT

ii) out of Brinks: 112,819.88 oz was adjusted out of the dealer and this landed into the customer account of Brinks





total dealer silver: 95.093 million

total dealer + customer silver: 307 348 million oz



The total number of notices filed today for the MAY 2019. contract month is represented by 49 contract(s) FOR 245,000 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 3328 x 5,000 oz = 16,640,000 oz to which we add the difference between the open interest for the front month of MAY. (366) and the number of notices served upon today (49 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the MAY/2019 contract month: 3328(notices served so far)x 5000 oz + OI for front month of MAY( 366) -number of notices served upon today (49)x 5000 oz equals 18,225,000 oz of silver standing for the MAY contract month.

We GAINED 19 contracts or an additional 195,000 oz will stand as these guys refused to morph into London based forwards as well as negating a fiat bonus for their efforts.







FOR COMPARISON VS LAST YEAR:









ON FIRST DAY NOTICE APRIL 30/2018 (FOR THE MAY 2018 CONTRACT MONTH) WE HAD 24.11 MILLION OZ STAND FOR DELIVERY. BY MONTH END WE HAD HUGE QUEUE JUMPING AND THUS 36.285 MILLION OZ EVENTUALLY STOOD FOR DELIVERY.





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TODAY’S ESTIMATED SILVER VOLUME: 62,045 CONTRACTS













CONFIRMED VOLUME FOR YESTERDAY: 61,440 CONTRACTS..



..







YESTERDAY’S CONFIRMED VOLUME OF 61440 CONTRACTS EQUATES to 307 million OZ 43.8% OF ANNUAL GLOBAL PRODUCTION OF SILVER

COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.

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







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NPV for Sprott

1. Sprott silver fund (PSLV): NAV FALLS TO -4.24% (MAY 9/2019)
2. Sprott gold fund (PHYS): premium to NAV FALLS TO -2.20% to NAV (MAY 9/2019 )
Note: Sprott silver trust back into NEGATIVE territory at -4.24%-/Sprott physical gold trust is back into NEGATIVE/

(courtesy Sprott/GATA)

3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):

NAV 12.86 TRADING 12.29/DISCOUNT 4.44

END

And now the Gold inventory at the GLD/

MAY 9//WITH GOLD UP $4.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 739.64 TONNES

MAY 8/WITH GOLD DOWN $3.70 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 739.64 TONNES

MAY 7/ WITH GOLD UP $1.80: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 739.64 TONNES

MAY 6/WITH GOLD UP $2.35: ANOTHER WITHDRAWAL OF 5.88 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 739.64 TONNES

MAY 3/WITH GOLD UP $9.35 TODAY: A WITHDRAWAL OF 1.17 TONNES OF GOLD FROM THE GLD INVENTORY/INVENTORY RESTS AT 745.52

MAY 2/WITH GOLD DOWN $12.30 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 746.69 TONNES

MAY 1/WITH GOLD DOWN $1.20 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 746.69 TONNES

APRIL 30/WITH GOLD UP $4.30 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 746.69 TONNES//

APRIL 29/WITH GOLD DOWN $7.00: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 746.69 TONNES

APRIL 26/WITH GOLD UP $9.2//ANOTHER BIG CHANGE IN GOLD INVENTORY AT THE GLD; A WITHDRAWAL OF 1.18 TONNES OF GOLD FROM THE GLD.//INVENTORY LOWERS TO 746.69 TONNES TONNES

APRIL 25//WITH GOLD UP $.05 TODAY (BASICALLY FLAT) NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 747.87 TONNES



APRIL 24 WITH GOLD UP $6.00 TODAY// TWO TRANSACTIONS: 1)A HUGE WITHDRAWAL OF 2.05 TONNES FROM THE GLD AND THEN II) ANOTHER WITHDRAWAL OF 1.76 TONNES//INVENTORY RESTS AT 747.87 TONNES

APRIL 23./WITH GOLD DOWN $4.45 TODAY: NO CHANGES AT THE GLD/INVENTORY RESTS AT 751.68 TONNES//

APRIL 22/WITH GOLD UP $1.75//A SMALL WITHDRAWAL OF .59 TONNES OF GOLD FROM THE GLD INVENTORY//INVENTORY RESTS AT 751.68 TONNES

APRIL 18/WITH GOLD DOWN $.45 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT752.27 TONNES

APRIL 17/WITH GOLD DOWN $0.10 TODAY: ANOTHER HUGE WITHDRAWAL OF 1.76 TONNES AT THE GLD WHICH WAS USED IN YESTERDAY’S RAID/INVENTORY RESTS AT 752.27 TONNES

APRIL 16/WITH GOLD DOWN $13.60 TODAY: A HUGE WITHDRAWAL OF 3.82 TONNES AT THE GLD/INVENTORY RESTS AT 754.03

APRIL 15/WITH GOLD DOWN $3.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 757.85 TONNES

APRIL 12/WITH GOLD UP $2.10 TODAY:NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 757..85 TONNES

APRIL 11/WITH GOLD DOWN $19.85 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 757.85 TONNES

APRIL 10/WITH GOLD UP $5.45 AGAIN TODAY, THE CROOKS AGAIN RAIDED THE COOKE JAR BY 2.64 TONNES/INVENTORY RESTS AT 757.85 TONNES

APRIL 9/WITH GOLD UP AGAIN BY $6.40/THE CROOKS RAIDED THE COOKIE JAR AGAIN BY 1.18 TONNES/INVENTORY RESTS AT 760.49 TONNES

APRIL 8/WITH GOLD UP AGAIN BY $6.40: THE CROOKS RAIDED THE COOKIE JAR AGAIN BY .88 TONNES//INVENTORY RESTS TONIGHT AT 761.67 TONNES.

APRIL 5/WITH GOLD UP$1.35: ANOTHER WITHDRAWAL OF 1.74 TONNES OF PHYSICAL GOLD FROM THE GLD INVENTORY: INVENTORY RESTS AT 762.55 TONNES

APRIL 4/WITH GOLD DOWN 90 CENTS TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 764.29 TONNES

APRIL 3:WITH GOLD DOWN 20 CENTS: ANOTHER WHOPPER OF A WITHDRAWAL: 3.81 TONNES FROM THE GLD//INVENTORY RESTS AT 764.29 TONNES

APRIL 2//WOW! WE LOST A WHOPPING 16.16 TONNES OF GOLD WITH A RISE IN PRICE OF $1.80//INVENTORY RESTS AT 768.10







xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


MAY 9/2019/ Inventory rests tonight at 739.64 tonnes

*IN LAST 593 TRADING DAYS: 194.33 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 493 TRADING DAYS: A NET 28.49 TONNES HAVE NOW BEEN LOST INTO THE GLD INVENTORY.

IT LOOKS LIKE WE REACHED THE BOTTOM OF THE BARREL FOR PHYSICAL GOLD AT THE GLD.



end



Now the SLV Inventory/

MAY 9/WITH SILVER DOWN 9 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 316.582 MILLION OZ//

MAY 8/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.582 MILLION OZ///

MAY 7/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.582 MILLION OZ//

MAY 6/WITH SILVER DOWN 3 CENTS WE HAD ANOTHER DEPOSIT OF 891,000 OZ OF SILVER INTO THE SLV/INVENTORY RESTS AT 316.582 MILLION OZ/

MAY 3//WITH SILVER UP 34 CENTS TODAY: A DEPOSIT OF 843,000 OZ INTO THE SLV/TOTAL INVENTORY RESTS AT 315.691 MILLION OZ//

MAY 2/WITH SILVER DOWN ANOTHER 13 CENTS, MIRACUOUSLY THE AUTHORITIES ADD 2.869 MILLION OZ OF SILVER BACK INTO THE SLV/INVENTORY RESTS AT 314.848 MILLION OZ//

MAY 1/WITH SILVER DOWN 23 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ////

APRIL 30/WITH SILVER UP 5 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ/

APRIL 29/ WITH SILVER DOWN 13 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ.

APRIL 26//WITH SILVER UP 12 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ//

APRIL 25/WITH SILVER DOWN 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ///

APRIL 24/WITH SILVER UP 15 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ//

APRIL 23./WITH SILVER DOWN 21 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ///

APRIL 22/WITH SILVER UP 4 CENTS TODAY; NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ///

APRIL 18/WITH SILVER FLAT TODAY: A SHOCKING 2.8122 MILLION PAPER OZ WERE ADDED INTO SLV INVENTORY: INVENTORY RESTS AT 311.979 MILLION OZ/

APRIL 17/WITH SILVER UP ONE CENT TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ///

APRIL 16/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ//

APRIL 15: WITH SILVER DOWN ONE CENT TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 750,000 OZ//INVENTORY RESTS AT 309.167 MILLION OZ.

APRIL 12 WITH SILVER UP 11 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.917 MILLION OZ.

APRIL 11/WITH SILVER DOWN 37 CENTS TODAY: A DEPOSIT OF 750,000 OZ INTO THE SLV/INVENTORY RESTS AT 309.917 MILLION OZ//

April 10/WITH SILVER UP 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ.

APRIL 9/WITH SILVER DOWN ONE CENT: NO CHANGES IN SILVER INVENTORY AT THE SLV.INVENTORY RESTS AT 309.167 MILLION OZ///

APRIL 8/WITH SILVER UP 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV.INVENTORY RESTS AT 309.167 MILLION OZ///

APRIL 5/WITH SILVER DOWN 2 CENTS: NO CHANGES IN SILVER INVENTORY: THE CROOKS CANNOT RAID ANY SILVER BECAUSE THERE IS NONE: INVENTORY RETS AT 309.167 MILLION OZ//

APRIL 4/WITH SILVER FLAT TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ/

APRIL 3/WITH SILVER UP TWO CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ/

APRIL 2/ WITH SILVER DOWN ONE CENT TODAY: A SMALL WITHDRAWAL OF 134,000 OZ FROM THE SLV TO PAY FOR FEES/INVENTORY RESTS AT 309.167







MAY 9/2019:


Inventory 316.582 MILLION OZ

LIBOR SCHEDULE AND GOFO RATES:





THE RISE IN LIBOR IS CREATING A SCARCITY OF DOLLARS BECAUSE FOREIGN EXCHANGE SWAPS (COSTS) ARE SIMPLY PROHIBITIVE

YOUR DATA…..

6 Month MM GOFO 2.18/ and libor 6 month duration 2.58

Indicative gold forward offer rate for a 6 month duration/calculation:

G0LD LENDING RATE: + .40



XXXXXXXX

12 Month MM GOFO
+ 2.47%

LIBOR FOR 12 MONTH DURATION: 2.71

GOFO = LIBOR – GOLD LENDING RATE

GOLD LENDING RATE = +.24

end



PHYSICAL GOLD/SILVER STORIES


end
i) GOLDCORE BLOG/Mark O’Byrne
A must


GOLD SUPPRESSION IS “THE BIGGEST ISSUE IN THE WORLD TODAY” – CHRIS POWELL OF GATA

9, May

– GOLD PRICE SUPPRESSION is “the BIGGEST ISSUE in the WORLD … it involves the valuation of all capital, labor, goods and services in the world and these valuations are being set in a really imperialistic and totalitarian way and not in an open and transparent way & we think this is evil
WATCH INTERVIEW HERE

– Brief introduction to Chris Powell, Treasurer and Secretary of GATA and Bill Murphy of GATA and LeMetropoleCafe.com, two of the most important financial whistle blowers of recent years

– GATA’s tireless and courageous campaign for freely traded gold, silver and foreign exchange markets with little support from ‘Main Street, Wall Street, most of the gold industry and most of the media

RECEIVE LATEST GOLD & SILVER VIDEO NEWS UPDATES FROM GOLDCORE – SIGN UP HERE

– Why do central banks and “officialdom” manipulate gold and silver prices lower?

– “I could not be more disappointed with and contemptuous of 99% of the mainstream financial news organizations will not touch the issue of governments rigging markets”

– Voluminous evidence that GATA.org have amassed over the years have been published and sent to key financial press and media

– Central bankers and government insiders are on record re manipulation including Alan Greenspan- “Central banks stand ready to lease gold in increasing quantities should the price rise.” Greenspan testified to Congress in July 1998

– “Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.” Paul Volcker, reflecting on an international currency revaluation in 1973 (wrote in memoirs published by the Nikkei Weekly in Japan in November 2004)

– History of gold throughout history, through to Roosevelt and Nixon going off the Gold Standard and the Gold Exchange Standard- History of suppression including the London Gold Pool, creation of gold futures market, Exchange Stabilization Fund (ESF), Working Group on Financial Markets aka the Plunge Protection Team (PPT)

– Grossly unfair for any one nation to have “exorbitant privilege” of the ability to issue the sole reserve currency exclusively as you could EXPROPRIATE THE WORLD THAT WAY” as was done by the Nazis in World War II. Primary mechanism of Nazi expropriation of Europe was monopolising the banking systems and currency rigging thus weakening the conquered nations currencies versus the Deutsche Mark

– The original must read book of Ferdinand Lips on the history of “Gold Wars” – the forerunner to Jim Rickards and his books including Currency Wars

– U.S. diplomatic cables were leaked by Wikileaks and one from an official in the British Embassy to the State Department stated that they had surveyed the bullion banks and they were of the view that if gold futures were started, “they would be able to inject so much volatility into the gold price that they could scare ordinary investors away from the precious metal”

– Gold trades completely counter intuitively and frequently falls with massive concentrated bouts of selling of gold futures (billions in seconds) frequently despite very positive gold news

– “Flash crashes” done “to get the price down” and therefore likely governments and central banks

– Recent developments including ‘Irish Cuban American’ Senator Mooney’s recent support for the GATA cause and questions to the CFTC, the FED and Treasury regarding government manipulation of the gold prices

– The CME Group, which operates the major futures exchanges in the U.S., has recently renewed what it calls its ‘central bank incentive program’, which gives enormous volume trading discounts to governments and central banks for surreptitiously trading all the futures markets. The CME group has created mechanisms for secret trading by governments to get discounts while trading gold and silver futures in the U.S.

– Follow GATA for the hugely important information imparted by them, subscribe, donate on GATA.org
WATCH INTERVIEW HERE
Avoid ‘.Com Gold’ – 7 Real Risks to Your Gold Ownership

Mark O’Byrne
Executive Director

end
GATA STORIES WITH RESPECT TO GOLD/PRECIOUS METALS.

We brought this story to you yesterday but it is worth repeating. China announces its 5th straight increase in reserves by 14.93 tonnes. However they are not including all of the gold that they produce which is around 33 tonnes per month. Eventually China will announce their true hoard.

(courtesy London’s Financial Times/Sanderson)
China announces fifth straight month of growth in gold reserves

Submitted by cpowell on Wed, 2019-05-08 13:57. Section: Daily Dispatches

China’s Central Bank Stocks up on Gold as It Seeks to Diversify

By Henry Sanderson
Financial Times, London
Wednesday, May 8, 2019

China’s central bank added gold to its reserves for the fifth month in a row in April, the latest emerging market central bank to stock up on the yellow metal.

The People’s Bank of China said its gold reserves rose to 61.1 million ounces last month, an increase of 480,000 ounces from March, and bringing its total gold holdings to about $78.3 billion. …

… For the remainder of the report:

https://www.ft.com/content/860a418c-7172-11e9-bf5c-6eeb837566c5

end

This should be good!! Congressman Mooney Rep West Virginia (R) proposes in new legislation a complete and full audit of the gold owned by the USA and that covers leases and swaps with other entities.

(courtesy Money Metals News/ Eagle Idaho/Stefan Gleason/GATA)
Congressman proposes U.S. gold audit that covers leases, swaps

Submitted by cpowell on Wed, 2019-05-08 16:15. Section: Daily Dispatches

From Money Metals News Service, Eagle, Idaho
Wednesday, May 8, 2019

WASHINGTON — U.S. Rep., R-West Virginia, this week introduced legislation to provide for the first audit of United States gold reserves since the Eisenhower administration.

The Gold Reserve Transparency Act (H.R. 2559) — backed by the Sound Money Defense League and government accountability advocates — directs the comptroller of the United States to conduct a “full assay, inventory, and audit of all gold reserves, including any gold in ‘deep storage,’ of the United States at the place or places where such reserves are kept.”

…

HR 2559 requires more than just a physical assay, inventory, and audit, however. Even if all United States gold can be physically accounted for, it may nevertheless be encumbered with third-party obligations — or otherwise be impaired by bank financialization.

Therefore, Mooney’s gold audit bill also requires “a full accounting of any and all sales, purchases, disbursements, or receipts … a full accounting of any and all encumbrances, including those due to lease, swap, or similar transactions presently in existence or entered into” in the past 15 years, and “an analysis of the sufficiency of the measures taken to ensure the physical security of such reserves.”

Over the years the U.S. Treasury has faced allegations that it has sold, swapped, leased, or otherwise placed encumbrances upon some of America’s gold reserves. …

… For the remainder of the report:

https://www.moneymetals.com/news/2019/05/08/legislation-requires-audit-u…

* * *

end
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Day In A Chart

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Headline-Chaos Sparks Stock Dump’n’Pump; Dollar & Bond Yields Slide

China extended losses overnight with ChiNext down almost 10% already this week…



US Markets were rescued by some optimistic comments from Trump…



The Dow underperformed as Trannies reached back up towards unchanged…



VIX term structure remains inverted for the 4th day in a row…



Credit markets continue to push notably wider…



The yield curve inverted once again today…



And while we are in bond land, we note that Occidental bonds are sharply lower (as its stock hit a 10Y low) as it becomes evident that the company will win the very brief bidding tiff with Chevron for Anadarko – and will likely incur substantially more debt in the process.



The Dollar Index stayed rangebound once again as if some greater force had its boot on the throat of FX vol…



Yuan rallied back this afternoon after Trump’s positive comments…



Bitcoin extended gains today on the week as the rest of the crypto space slipped…



Mixed day in commodity-land…



But gold and silver diverged this afternoon…



Finally, for all the “risk-on” crowd, keep an eye on global money supply, it’s rolling over fast…



Read More Harvey Here......
https://harveyorganblog.com/2019/05/09/may-9-gold-up-4-00-to-1284-60-silver-is-down-9-cents-to-14-77-queue-jumping-continues-unabated-at-the-gold-and-silver-comex-silver-is-still-7-cents-backward-in-london-usa-threatens-ally-uk-if-t/