Bernanke-Dimon-Fed-TunnelHUGE RUN ON GOLD AT THE COMEX!!
HUGE RUN ON GOLD AT THE COMEX/PREMIUMS AVERAGE $33.00 BETWEEN SHANGHAI GOLD FIX AND NY PRICING AT THE EXACT SAME TIME/ANOTHER HUGE 3.56 TONNES OF GOLD LEAVE THE GLD/NOTHING LEAVES THE SLV/TURMOIL IN CHINA SETS BITCOIN UP $30.00/MONTE DE PASCHI TO BE NATIONALIZED: THE SOVEREIGN (ITALY) SET TO ADVANCE 20 BILLION EUROS: THE BANKING SYSTEM NEEDS A MINIMUM OF 52 BILLION EUROS

2017-silver-american-eagle-coin

 

Gold at (1:30 am est) $1131.10 DOWN $0.40

silver  at $15.92:  DOWN 13 cents

Access market prices:

Gold: $1132.10

Silver: $15.94

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

.

The Shanghai fix is at 10:15 pm est last night and 2:15 am est early this morning

The fix for London is at 5:30  am est (first fix) and 10 am est (second fix)

Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.

And now the fix recordings:

WEDNESDAY gold fix Shanghai

Shanghai morning fix Dec 21 (10:15 pm est last night): $  1171.21

NY ACCESS PRICE: $1134.95 (AT THE EXACT SAME TIME)/premium $36.26

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   1166.22

NY ACCESS PRICE: $1136.15 (AT THE EXACT SAME TIME/2:15 am)

HUGE SPREAD 2ND FIX TODAY!!:  $30.07

China rejects NY pricing of gold  as a fraud/arbitrage will now commence fully

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

London Fix: Dec 21: 5:30 am est:  $1134.40   (NY: same time:  $1134.60    5:30AM)

London Second fix Dec 21: 10 am est:  $1133.65 (NY same time: $1134.65    10 AM)

It seems that Shanghai pricing is higher than the other  two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.

Also why would mining companies hand in their gold to the comex and receive constantly lower prices.  They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.

end

For comex gold:

NOTICES FILINGS FOR DECEMBER CONTRACT MONTH:  0 NOTICE(S) FOR nil OZ.  TOTAL NOTICES SO FAR: 9126 FOR 912600 OZ    (28.385 TONNES)

For silver:

NOTICES FOR DECEMBER CONTRACT MONTH FOR SILVER: 2 NOTICE(s) FOR 10,000  OZ. TOTAL NUMBER OF NOTICES FILED SO FAR; 3534 FOR 17,670,000 OZ

Let us have a look at the data for today

.

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In silver, the total open interest FELL by 532 contracts DOWN to 159,697 with respect to YESTERDAY’S TRADING.    In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .798 BILLION TO BE EXACT or 114% of annual global silver production (ex Russia & ex China).

FOR THE DECEMBER FRONT MONTH:  0 NOTICES FILED FOR nil  OZ.

In gold, the total comex gold FELL BY 2,081 contracts AS WE HAD A FALL IN  THE PRICE GOLD ($9.00 with YESTERDAY’S trading ).The total gold OI stands at 398,661 contracts. We are very close to the bottom with respect to OI. Generally 390,000 should do it.

we had 0 notice(s) filed upon for NIL oz of gold.

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

GLD:

We had ANOTHER HUGE CHANGE in tonnes of gold at the GLD, A WITHDRAWAL OF 3.56 TONNES OF GOLD LEAVING THE GLD VAULTS/

Inventory rests tonight: 824.54 tonnes

.

SLV

we had NO  changes in silver. THE SLV Inventory rests at: 339.262 million oz

.

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

1. Today, we had the open interest in silver FELL by 532 contracts DOWN to 159,697 DESPITE THE FACT THAT the price of silver ROSE by  $0.03 with YESTERDAY’S trading. The gold open interest FELL by 2081 contracts DOWN to 398,661 as the price of gold FELL BY $9.00 WITH YESTERDAY’S TRADING.

(report Harvey).

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

3. ASIAN AFFAIRS

i)Late  TUESDAY night/WEDNESDAY morning: Shanghai closed up 34.55 POINTS OR 1.11%/ /Hang Sang closed UP 80.74  OR 0.37%. The Nikkei closed DOWN 50.04 OR 0.26%/Australia’s all ordinaires  CLOSED UP 0.39% /Chinese yuan (ONSHORE) closed UP at 6.9444/Oil ROSE to 53.61 dollars per barrel for WTI and 55.60 for Brent. Stocks in Europe: MOSTLY IN THE RED.  Offshore yuan trades  6.9228 yuan to the dollar vs 6.9444  for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS COMPLETELY AS  MORE USA DOLLARS ARE BLOCKED FROM LEAVING CHINA’S SHORES /

REPORT ON JAPAN  SOUTH KOREA NORTH KOREA AND CHINA

3a)THAILAND/SOUTH KOREA

none today

b) REPORT ON JAPAN

c) REPORT ON CHINA

i)Another Islamist attack??: this time in Beijing:

( zero hedge)

ii)Turmoil in China sees Bitcoin rise another 30 dollars. It is trading at $830  uSA per Bitcoin.

( zero hedge)

 

4 EUROPEAN AFFAIRS

i)Italy/Monte de Paschi

Monte de Paschi announces that not only is it insolvent but it is also illiquid as there seems to be a huge run on the bank as depositors decide not to wait and remove their money from this bank.  The Italian government has now approved the 20 billion euros of funds necessary to bail out the banks.  The next move in this chess game is Germany:  bail in or bail out?

(courtesy zero hedge)

ib)Monte de Paschi to be nationalized

Now the fun begins:  Italy is set to nationalize Monte de Paschi after private sector rescue attempts fail.  As we discussed above, it is now up to Germany to see what will happen:  a bail in or a bailout?

(courtesy zero hedge)

ii)Germany

The real suspect is a Tunisian islamist man known to the German authorities as very dangerous.  They have been aware of his terrorist beliefs for months after gaining asylum in Germany

(courtesy zero hedge)

iib)Germany offers 100,000 euros reward for information on A,Amri, the Berlin attack suspect who was previously probed in another terror plot.  He was to be deported but the authorities could not find the necessary paperwork to send him back to Tunisia:

( zero hedge)

iii)A great commentary from V Uniyal of the Gatestone Institute, a highly respected organization.  Here the author describes that the Merkel Government is in total denial of the lawlessness inside Germany with respect to the migrants and the damage that they are doing to the country

(Uniyal/Gatestone Institute)

iv)This gives you a flavour as to what is going on inside Germany:

( zero hedge)

v Switzerland

More banks fined in the manipulation of the Swiss libor rates
(courtesy Bloomberg)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

The additional sanctions on Russia brought on by the USA will no doubt be unwound the moment Trump gets power

( zero hedge)

6.GLOBAL ISSUES

none today

7. OIL ISSUES

i)Libya announces production of 900,000 barrels per day and will rise to 1.2 million barrels by next year.  That caused WTI to fall:

( zero hedge)

ii)DOE refutes the API numbers claiming a huge build up in inventory.

( zero hedge)

8. EMERGING MARKETS

9.   PHYSICAL MARKETS

i)Our good friends over at Deutsche bank is trouble again as the Central Bank of Russia has accused the firm of market manipulation in Russia.

( zero hedge)

ii)What a sensational commentary tonight from Chris Powell.  The inaction by mining companies knowing that their industry has been attacked constantly day in and day out as been a bee in my bonnet for years: Are you paying attention officers of Agnico Eagle, Newmont , Goldcorp???

(courtesy  Chris Powell)

iii)Strange:  gold ETF’s drop for a record 28 straight days.  This commenced the day of the Trump election:

( zero hedge)

iv)Bullion star notes that the gold has never really been audited and they for sure do not include their location gold swaps:

( Bullion Star/Manly/gata)

10.USA STORIES

i)The following is a must read as it explains Trump’s new “border tax proposal”.  It will be very good for the USA

( zero hedge)

ii)Strange data points this morning on existing home sales.  These rise despite soaring mortgage rates, tumbling affordability and crashing mortgage applications:  go figure..

( zero hedge)

iii)Optimism grips the nation with the Trump victory but ominous dark clouds are appearing on the horizon

( Michael Snyder)

iv)Fascinating: more baby boomers are increasingly having their social security checks garnished by authorities to cover student loan payments;( zero hedge)

Let us head over to the comex:

The total gold comex open interest FELL BY 2081 CONTRACTS DOWN to an OI level of 398,661 AS THE  PRICE OF GOLD  FELL $9.00 with YESTERDAY’S trading. We are now in the contract month of December and it is the biggest of the year. Here the front month of December showed a DECREASE of 20 contracts DOWN to 712.We had 2 notice(s) served upon yesterday so we LOST 18 contracts 1800 oz will not stand for delivery and no doubt were bought out for cash plus a fiat bonus.

For the next delivery month of January we had a loss of 172 contracts down to 2248. For the next big active delivery month of February we had a LOSS of 2891 contracts DOWN to 274,507.

We had 0 notice(s) filed upon today for  NIL oz

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And now for the wild silver comex results.  Total silver OI FELL by 532 contracts FROM  160,229 down to 159,697 as the price of silver ROSE BY $0.03 with YESTERDAY’S trading. We are moving  further from the all time record high for silver open interest set on Wednesday August 3/2016:  (224,540). We are now in the next major delivery month of December and here it rose BY 5 contracts up to 275 CONTRACTS . We had 0 notices served upon yesterday so we GAINED 5 SILVER CONTRACTS or 25,000 additional silver ounces that will stand for delivery.

The next non active delivery month is January and here the OI fell by 59 contracts down to 1024.

The next big active delivery month is March and here the OI FELL by 1055 contracts DOWN to 130,585 contracts.

We had 2 notices filed for 10,000 oz for the December contract.

Eventually at the end of December 2015: 6.4512 tonnes of gold stood for delivery

Eventually at the end of December 2015: 18.84 million oz of silver stood for delivery

VOLUMES: for the gold comex

Today the estimated volume was 116,127  contracts which is awful.

Yesterday’s confirmed volume was 157,012 contracts  which is poor

Initial standings for DECEMBER
 Dec 21.
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 145,471.121 oz
HSBC
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)
712 contracts
71,200 oz
Total monthly oz gold served (contracts) so far this month
9126 notices
912,600 oz
28.385 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     4,399,644.0 oz
Today we HAD 0 kilobar transactions/and again massive amounts of gold leaves the comex vaults. (net 145,451.121 oz)
Today we had 0 deposit(s) into the dealer:
total dealer deposits:  nil  oz
We had nil dealer withdrawals:
total dealer withdrawals:  nil oz
we had 0 customer deposit(s):
total customer deposits; nil oz
We had 1 customer withdrawal(s)
ii) out of HSBC: 145,451.171 oz
total customer withdrawal: 145,451.121 oz
We had 1  adjustment(s)
i) Out of Brinks:  21,049.060 oz leaves the dealer and enters the customer side of Brinks
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

For December:

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 jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
To calculate the initial total number of gold ounces standing for the DECEMBER. contract month, we take the total number of notices filed so far for the month (9126) x 100 oz or 912,600 oz, to which we add the difference between the open interest for the front month of DEC (712 contracts) minus the number of notices served upon today (0) x 100 oz per contract equals 983,800 oz, the number of ounces standing in this non  active month of DECEMBER.
 
Thus the INITIAL standings for gold for the DEC contract month:
No of notices served so far (9126) x 100 oz  or ounces + {OI for the front month (732) minus the number of  notices served upon today (0) x 100 oz which equals 983,800 oz standing in this non active delivery month of DEC  (30.600 tonnes)
WE LOST 18  CONTRACTS OR AN ADDITIONAL 1800 OZ OF GOLD WILL NOT STAND FOR DELIVERY.
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I have now gone over all of the final deliveries for this year and it is startling.
First of all:  in 2015 for the 12 months: 51 tonnes delivered upon for an average of 4.25 tonnes per month.
Here are the final deliveries for 2016:
Jan 2016:  .5349 tonnes  (Jan is a non delivery month)
Feb 2015:  7.9876 tonnes (Feb is a delivery month/deliveries this month very low)
March 2015: 2.311 tonnes (March is a non delivery month)
April:  12.3917 tonnes (April is a delivery month/levels on the low side
And then something happens and from May forward deliveries boom!
May; 6.889 tonnes (May is a non delivery month)
June; 48.552 tonnes ( June is a very big delivery month and in the end deliveries were huge)
July: 21.452 tonnes (July is a non delivery month and generally a poor one/not this time!)
August: 44.358 tonnes (August is a good delivery month and it came to fruition)
Sept:  8.4167 tonnes (Sept is a non delivery month)
Oct; 30.407 tonnes complete.
Nov.    8.3950 tonnes.
DEC.   30.600 tonnes
total for the 12 months;  223.155 tonnes
average 18.596 tonnes per month vs last yr 51 tonnes total for 12 months or 4.25 tonnes average per month. From May 2016 until Dec 2016 we have had: 198.912 tonnes per the 8 months or 24.864 tonnes per month (which includes the non delivery months of May, June and Sept).  In essence the demand for gold is skyrocketing.
Something big is going on inside the gold comex.
Just take a look at Nov 2016 deliveries at 8.3950 tonnes compared to last yr 0.6656 tonnes
December so far:  30.600 tonnes are standing vs last year’s  24 tonnes on first day notice and 6.45 tonnes on the completion of it’s delivery month.
Total dealer inventor 1,640,669.319 or 51.031 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,991,268.560 or 279.666 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 284.19 tonnes for a  loss of 23  tonnes over that period.  Since August 8/2016 we have lost 74 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 4 1/2 MONTHS  74 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE DECEMBER DELIVERY MONTH
DECEMBER INITIAL standings
 Dec 21. 2016
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 70,021.990 0z
Scotia
Deposits to the Dealer Inventory
  nil OZ
Deposits to the Customer Inventory 
298,779.461 oz
CNT
No of oz served today (contracts)
2 CONTRACT(S)
(10,000 OZ)
No of oz to be served (notices)
273 contracts
(1,365,000  oz)
Total monthly oz silver served (contracts) 3534 contracts (17,670,000 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  3,316,326.3 oz
 END
today, we had 0 deposit(s) into the dealer account:
total dealer deposit: nil oz
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 1 customer withdrawal(s):
i) Out of Scotia:  70,021.990 oz
TOTAL CUSTOMER WITHDRAWALS: 70,021.990 oz
 we had 1 customer deposit(s):
i) into CNT:  298,779.461  OZ
total customer deposits;  298,779.461  oz
 
 
 we had 2 adjustment(s)
 i) Out of Brinks:  538,454.890 oz was adjusted out of the customer and this landed into the dealer account of Brinks
ii) Out of CNT: a massive 1,911,172.770 oz was adjusted out of the dealer account of CNT and this landed into the customer account of CNT
The total number of notices filed today for the DEC. contract month is represented by 2 contracts for 10,000 oz. To calculate the number of silver ounces that will stand for delivery in DEC., we take the total number of notices filed for the month so far at  3534 x 5,000 oz  = 17,670,000 oz to which we add the difference between the open interest for the front month of DEC (275) and the number of notices served upon today (2) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the DEC contract month:  3534(notices served so far)x 5000 oz +(275) OI for front month of DEC. ) -number of notices served upon today (2)x 5000 oz  equals  19,035,000 oz  of silver standing for the DEC contract month.
we gained 5  silver contracts or an additional 25,000 oz will stand for delivery in this active month of December.
Volumes: for silver comex
Today the estimated volume was 43,884 which is good
YESTERDAY’S  confirmed volume was 61,640 contracts  which is excellent.
 
Total dealer silver:  36.177 million (close to record low inventory  
Total number of dealer and customer silver:   183.155 million oz
The total open interest on silver is NOW moving away from  its all time high with the record of 224,540 being set AUGUST 3.2016.

end

And now the Gold inventory at the GLD
DEC 21/another massive 3.56 tonnes leaves the GLD/Inventory rests at 824.54 tonnes
Dec 20/no changes in gold inventory at the GLD/Inventory rests at 828.10 tonnes
Dec 19/A MASSIVE WITHDRAWAL OF 14.23 TONNES OF GOLD FROM THE GLD (WITH GOLD UP THESE PAST TWO TRADING SESSIONS)/INVENTORY RESTS TONIGHT AT 828.10 TONNES
Dec 16/no changes at the GLD/Inventory rests at 842.33 tonnes
Dec 15/ANOTHER HUGE WITHDRAWAL OF 7.11 TONNES OF GOLD/INVENTORY RESTS AT 842.33 TONNES
DEC 14/another huge withdrawal of 6.82 tonnes from the GLD/Inventory rests at 849.44 tonnes/
DEC 13/no changes in gold inventory at the GLD/Inventory rests at 856.26 tonnes
Dec 12/a withdrawal of 1.19 tonnes of gold from the GLD/Inventory rests at 856.26 tonnes
Dec 9/another huge withdrawal of 3.26 tonnes of gold leaves the GLD vaults on its way to Shanghai/Inventory rests this weekend at 857.45 tonnes
Dec 8/ANOTHER HUGE WITHDRAWAL OF 2.96 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 860.71 TONNES (THIS GOLD IS HEADING TO SHANGHAI)
DEC 7/ a huge change in gold inventory/a withdrawal of 6.23 tonnesas this gold is heading towards Shanghai/inventory rests at 863.67 tonnes
Dec 6/no changes in gold inventory/inventory rests at 869.92 tonnes.
Dec 5./ a tiny withdrawal of .32 tonnes and this is probably to pay for fees/inventory rests tonight at 869.92 tonnes
Dec 2/a huge withdrawal of 13.64 tonnes of gold leaving the GLD vaults/no doubt this is heading to Shanghai taking advantage of the huge premium/inventory rests tonight at 870.22 tonnes
Dec 1/no change in gold inventory at the GLD/Inventory rests at 883.86 tonnes
NOV 30/A SMALL WITHDRAWAL OF 1.18 TONNES FROM THE GLD/INVENTORY RESTS AT 883.86 TONNES/MAYBE THEY ARE AT THE BOTTOM OF THE BARREL FOR PHYSICAL GOLD TO TRANSFER TO THE BANKERS.
Nov 29/no changes in gold inventory at the GLD/inventory rests at 885.04 tonnes
Nov 28/no change in gold inventory at the GLD/Inventory rests at 885.04 tonnes
Nov 25 We had a massive 19.87 tonnes of gold leave the GLD/this would be a paper loss not real gold (they only have paper gold in their inventory/total inventory: 885.04 tonnes
Nov 23/a huge withdrawal of paper gold from the GLD equal to 4.66 tonnes/inventory rests at 904.91 tonnes
NOV 22/no changes at the GLD/Inventory rests at 908.76 tonnes
Nov 21/A MASSIVE 11.87 TONNES OF PAPER GOLD WERE SUPPLIED BY THE CROOKS TO SUPPRESS THE PRICE OF GOLD/INVENTORY RESTS AT 908.76 TONNES/ AND GOLD RISES???
Nov 18/no changes at the GLD/Inventory rests at 920.63 tonnes
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Dec 21/ Inventory rests tonight at 824.54 tonnes
*IN LAST 55 TRADING DAYS: 125.27 TONNES REMOVED FROM THE GLD

end

Now the SLV Inventory
DEC 21/no change in silver inventory at the SLV/Inventory rests at 339.262 million oz
Dec 20/a small withdrawal of 758,000 oz/inventory rests at 339.262 tonnes
Dec 19A HUGE DEPOSIT OF 1.327 MILLION OZ INTO THE SLV/INVENTORY RESTS AT 340.020 MILLION OZ
Dec 16/A HUGE WITHDRAWAL OF 2.37 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 338.693 MILLION OZ/
Dec 15/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 341.063 MILLION OZ/
Dec 14.no change in inventory at the SLV/Inventory rests at 341.063 million oz/
DEC 13/ a huge withdrawal of 1.802 million oz from the SLV/Inventory rests at 341.063 million oz
Dec 12/no change in silver inventory/inventory rests at 342.865 million oz/
Dec 9/no change in silver inventory/inventory rests at 342.865 million oz/
Dec 8/a huge withdrawal of 3.09 million oz from the SLV/Inventory rests at 342.865 million oz
DEC7/no changes in silver inventory at the SLV/Inventory rests at 345.995 million oz/
Dec 6/no changes in silver inventory at the SLV/inventory rests at 345.995 million oz
Dec 5/no changes in silver inventory at the SLV/inventory rests at 345.995 million oz/
Dec 2 a tiny withdrawal of 155,000 oz and this is probably to pay for fees/inventory rests at 345.995 million oz/
Dec 1/no changes in silver inventory at the SLV/inventory rests at 346.150 million oz/
NOV 30/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 346.150 MILLION OZ
Nov 29/no changes in silver inventory /inventory rests tonight at 346.150 million oz/
Nov 28/no change in silver inventory/inventory rests tonight at 346.150 million oz/
Nov 25/we had another withdrawal of 949,000 oz from the SLV/Inventory rests at 346.150 million oz
Nov 23/A HUGE WITHDRAWAL OF 3.083 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 347.099 MILLION OZ
NOV 22/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 350.182 MILLION OZ
Nov 21/a MASSIVE 6.071 MILLION OZ OF SILVER WITHDRAWN FROM THE SLV VAULTS/INVENTORY RESTS AT 350.182 MILLION OZ/AND SILVER HOLDS IN PRICE???
Nov 18/no changes in silver inventory at the SLV/Inventory rests at 356/253 million oz
.
Dec 21.2016: Inventory 339.262  million oz
 end

NPV for Sprott and Central Fund of Canada

1. Central Fund of Canada: traded at Negative 8.3 percent to NAV usa funds and Negative 8.4% to NAV for Cdn funds!!!! 
Percentage of fund in gold 60.8%
Percentage of fund in silver:38.9%
cash .+0.3%( Dec 21/2016)
.
2. Sprott silver fund (PSLV): Premium RISES to +.19%!!!! NAV (Dec 21/2016
3. Sprott gold fund (PHYS): premium to NAV FALLS TO – 0.79% to NAV  ( Dec 21/2016)
Note: Sprott silver trust back  into POSITIVE territory at +0.19% /Sprott physical gold trust is back into NEGATIVE territory at -0.79%/Central fund of Canada’s is still in jail.
 
  1. Is this a FAKE STORY?

    Can anybody tell me, because I don’t know anything about AIRY FAIRY paper? 

    I can understand that to some people it is probably UUUUUuuuGGee!

    Probably with RECORD NUMBERS STANDING FOR DELIVERY.  he he SSDD. _JLG. 

  2. The COMEX is the Fake News. It is their job to sustain the ILLUSION of a failing “gold market” so that the common pedestrian investor stays OUT of gold.

    The worst thing that could happen to the NWO Bankster Elites would be that they lose the Sheeple’s interest in their phony propped up 20k Market.

    GOLD represents the poison that would kill their cherished BEAST.

    But the Elders have the Compliance Officers on the move and the Golden Dagger is being prepared…. soon

    Babylon the Great is nearing its inevitable demise

    • Not so much the “sheeple” ignoring the Comex pricing… more like the major ETF’s ignoring it… and they are NOT ignoring it.  Take the Sprott ETF, ticker PHYS… it is now trading at a serious DISCOUNT to NAV, which, I believe, is based on the Comex pricing.  Comex continues to set the price of PM’s… and since China is just as corrupt… when will this change?  Some, like McGuire, claim that really big purchases go for $3000/oz.  If that were so, why wouldn’t big buyers take huge positions in the Sprott and other physical ETF’s that allow for delivery of physical metals if you have large enough holdings… then TAKE that Phizz????  Not happening.   Always remember… the corrupt manipulators are backed by the Fed and the Government… hard to take on THAT fight and win. Yes, there will come a time… but only after a major COLLAPSE of some kind.

    • @Citizen

       

      “The worst thing that could happen to the NWO Bankster Elites would be that they lose the Sheeple’s interest in their phony propped up 20k Market.”

       

      Actually, I’m thinking that the worst thing that could happen to the NWO Bankster ELites would be… JUSTICE!  That would see them all rotting in prison for the rest of their miserable lives while doing hard labor… for once.

      Yes, I know.  I’ve been told that I do have a mean streak in me… but then maybe some people just bring that out in me.  😉

       

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

    You keep saying this but yet you are continuously listing GLD data as if there is some legitimacy to them. How reliable are GLD’s holding reports? GLD does not give retail investors the right to redeem for any of its mystery physical gold holdings. This fact alone ensures the GLD shares to be nothing more than paper at the end of the day. GLD also has a glaring audit loophole in their prospectus that states they have no right to audit subcustodial gold holdings. To this day, I have not heard of a single good reason for the existence of this backdoor to the fund. Some other red flags I’ve stumbled upon, verified and welcome everyone else to verify for themselves:

    “Did anyone try calling the GLD hotline at 866▪320▪4053 in search of numerical details on GLD’s insurance? The prospectus vaguely states “The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody.” When I asked about how much of the gold was insured, the representative proceeded to act as if he didn’t know and said they were just the “marketing agent” for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors.”

    “I remember there was a highly publicized visit by CNBC’s Bob Pisani to GLD’s gold vault. This visit was organized by GLD’s management to prove the existence of GLD’s gold but the gold bar held up by Mr. Pisani had the serial number ZJ6752 which did not appear on the most recent bar list at that time. It was later discovered that this “GLD” bar was actually owned by ETF Securities.”

    • Not a GLD fan here but those running this ETF never ever said that they were in the business of selling gold.  What they are selling is a paper investment that tracks the price of gold bullion.  Shareholders are buying access to the profits on gold when it’s price rises but not the actual gold itself.  This allows people to buy shares in the ETF that they can profit from when the gold price rises.  This is convenient because it can be bought and sold at any time during business hours with a few mouse clicks.

      My guess is that the BIG money (read billionaires and hedge funds) CAN get gold bullion from GLD any time they want and that ALL of the gold held by GLD is set up to satisfy the demands of these “special” share holders.  Of course, if they withdraw all of the gold from the fund and this becomes known, the value of the shares will collapse.  Shrug.

       

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