For 14 consecutive days, the amount standing for physical has risen.  On First day notice 16.8 million oz were standing; tonight 22.94 million oz. It looks to me that sovereign China wants its silver back as it looks like we have a determined player with deep pockets willing to take silver away from the COMEX…

 

ANOTHER PRECIOUS METALS RAID TODAY: GOLD DOWN $4.85 AND SILVER DOWN 26 CENTS/AMT STANDING FOR SILVER AT THE COMEX RISES AGAIN TO 22.94 MILLION OZ/BIG CHINESE INSURER WARNS OF HUGE DEFAULTS IN WMP’S/A BIGGY: DEUTSCHE BANK BEING TRIED IN ITALIAN COURT AS BEING A GLOBAL CRIMINAL ORGANIZATION/BRAZIL IN TURMOIL AGAIN AS NEW ALLEGATIONS SURFACE AGAINST THE NEW PRESIDENT/MORE STORIES ON TRUMP VS THE DEEP STATE

Buy Silver Rounds at the Lowest Price Online

GOLD: $1252.65  down $4.85

Silver: $16.66  down 26  cent(s)

Closing access prices:

Gold $1247.00

silver: $16.60

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

SHANGHAI GOLD FIX:  FIRST FIX  10 15 PM EST  (2:15 SHANGHAI LOCAL TIME)

SECOND FIX:  2:15 AM EST  (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1269.02 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  1259.75

PREMIUM FIRST FIX:  $9.27

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SECOND SHANGHAI GOLD FIX: $1262.28

NY GOLD PRICE AT THE EXACT SAME TIME: 1257.95

Premium of Shanghai 2nd fix/NY:$4.33

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1261.35

NY PRICING AT THE EXACT SAME TIME: $1262.15

LONDON SECOND GOLD FIX  10 AM: $1255.90

NY PRICING AT THE EXACT SAME TIME. $1256.75

 

For comex gold:

MAY/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH:  17 NOTICE(S) FOR 1700 0 OZ. 

 TOTAL NOTICES SO FAR: 508 FOR 50800 OZ    (1.5800 TONNES)

 
 
 

For silver:

For silver: MAY

47 NOTICES FILED TODAY FOR 235,000  OZ/

Total number of notices filed so far this month: 4514 for 22,570,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

END

For 14 consecutive days, the amount standing for physical has risen.  On First day notice 16.8 million oz were standing; tonight 22.94 million oz. It looks to me that sovereign China wants its silver back as it looks like we have a determined player with deep pockets willing to take silver away from the comex.

Interestingly enough, the premium on Sprott’s silver funds reached a positive 1.19% on a raid day.  Even his gold premium went up.

 

As I pointed out to you yesterday, whenever you see gold up appreciably coupled with silver lagging  and a poor performance of the gold/silver equities,  this is a sure sign that they orchestrate a raid the next day.  They probably had everything set up to raid yesterday but the Trump disasters delayed the attack by one day.

 

Let us have a look at the data for today

.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest  FELL  BY 2220  contracts DOWN to 212,907 DESPITE THE RISE IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (UP  15 CENT(S). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.064 BILLION TO BE EXACT or 152% of annual global silver production (ex Russia & ex China). WE MUST HAVE HAD CONSIDERABLE BANKER SHORT COVERING YESTERDAY IN THE SILVER ARENA.

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 47 NOTICE(S) FOR 235,000  OZ OF SILVER

In gold, the total comex gold ROSE BY A WHOPPING 10,858  contracts WITH THE RISE IN THE PRICE OF GOLD ($22.00 with YESTERDAY’S TRADING). The total gold OI stands at 445,979 contracts.

we had 17 notice(s) filed upon for 1700 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

We had a big changes in tonnes of gold at the GLD: a withdrawal of 1.18 tonnes of gold which was probably used in the paper attack on gold today

Inventory rests tonight: 850.71 tonnes

.

SLV

Today: a big change in inventory/ a deposit of 1.42 million oz into the SLV

THE SLV Inventory rests at: 343.815 million oz

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

when the record OI occurred on April 21, the price of silver was at 18.42  (OI record 234,000 contracts.  Interestingly the SLV inventory on  April 21 was 325 million oz and today it is 343 million dollars and  the price of silver is $1.82 less.  And the comex is a price discovery mechanism????

end

.

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

1. Today, we had the open interest in silver FELL BY 2220 contracts DOWN TO 212.907, (AND STILL CLOSE TO  THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787), DESPITE THE GOOD SIZED  RISE IN PRICE FOR SILVER  YESTERDAY  (15 CENTS). NO QUESTION WE HAD SHORT COVERING BY THE BANKERS

(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 WEDNESDAY night/THURSDAY morning: Shanghai closed DOWN 14.30 POINTS OR .46%  OR / /Hang Sang CLOSED DOWN 157.11 POINTS OR 0.62% The Nikkei closed DOWN 261.02 POINTS OR 1.32%/Australia’s all ordinaires  CLOSED DOWN  0.79%/Chinese yuan (ONSHORE) closed DOWN at 6.8917/Oil DOWN to 48.44 dollars per barrel for WTI and 51.50 for Brent. Stocks in Europe OPENED DEEPLY IN THE RED    ..Offshore yuan trades  6.8842 yuan to the dollar vs 6.8917 for onshore yuan. NOW  THE OFFSHORE IS A TOUCH WEAKER TO THE ONSHORE YUAN/ ONSHORE YUAN WEAKER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS A LITTLE WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA IS NOT HAPPY WITH WORLDY EVENTS THIS MORNING

3a)THAILAND/SOUTH KOREA/NORTH KOREA

 

i)NORTH KOREA

b) REPORT ON JAPAN

Japan reports a strong 2.2% rise year over year on its GDP growth.  This is not necessarily good news as Kuroda is looking for an excuse to taper his bond purchases and he now has one

( zero hedge)

c) REPORT ON CHINA

A big Chinese insurer warns of mass defaults and social unrest due to a mass redemption on Wealth Management Products (WMP)

The total amount of debt in these vehicles is 10 trillion or about 1/3 of the total Chinese debt.It seems that Forsea has been told not to issue new debt as much of what they hold is non performing. Forsea claims that they will default unless the sign up new stuff:  the class definition of a Ponzi scheme

( zero hedge)

4. EUROPEAN AFFAIRS

i)German based Aldi/and Lidl/USA (Wal-Mart)

Wal-Mart is now facing stiff competition from the likes of German grocer Aldi as WalMart prices are still higher.  Now a new German grocer is set to enter the uSA, Lidl and together with USA competitor Kroger the following entry will cause a huge deflationary spiral in food prices in the USA

( zero hedge)

ii)Deutsche bank/Germany

Deutsche bank is now being sued in an Italian court for running an international criminal organization.  Under USA law this would be RICO

( zerohedge)

iii)GREECE

You know it is bad when the police join in on the protests

Greek citizens are protesting Brussels’ new austerity measures

( zero hedge)

 

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6 .GLOBAL ISSUES

7. OIL ISSUES

My goodness: Venezuela’s oil production is now on the brink of collapse.  What is amazing is that Venezuela has the world’s largest reserves of oil in the ground

( Nick Cunningham/OilPrice.com)

8. EMERGING MARKETS

i)Brazil in turmoil last night after President Temer has been recorded offering hush money to jailed former speaker of the house Cunha. This was followed with massive protests by the populace.

( zero hedge)

ii)Wow!! the Brazilian real crashes by 6% and then is HALTED!!!!! Brazilian bonds tumble by the most on record
( zero hedge)
iii)Then the Brazilian stock market crashes. It is now halted after plunging 10%(courtesy zero hedge)
iv)Late in the day Temer speaks and down does the Brazilian real again: He will not resign:( zero hedge)

9.   PHYSICAL MARKETS

i)Your crime scene today:

( zero hedge)

ii)Enjoyable reading as to why every Indian government scheme to kill gold purchases (and relieve gold from citizens) has failed

(courtesy Asthana/MoneyControl.com/Mumbai India/GATA)

James Turk continues with his interview with Kingworldnews and talks about a short squeeze in gold

( zero hedge)

iii) The Shanghai gold exchange has just provided their data for gold withdrawals which equals gold demand in China.

As you will recall, total withdrawal in 2016 we recorded at 1970 tonnes.  So far in the first 4 months we have  witnessed a demand of 727 tonnes or annualized at 2181 tonnes which is now signalling increasing demand for gold in China. If demand continues then we will come close to the 2013 demand total of 2197 tonnes.

( Ronan Manly./Bullionstar/GATA)

 

10. USA stories

i)Rosenstein  appoints a special prosecutor with respect to the Russian probe.  We now no that Trump was unaware of this development until after the  fact

( zero hedge)

ii)This is the question that I am also asking:  If Trump was so forceful in asking for an end to the Flynn probe: why was Comey so silent for two months?

( zerohedge/Peter King/)

iii)this should be fun:  Rosenstein is to be grilled by the entire senate today.  However it is a closed door session

( zero hedge)

iv)Trump comments that the deep state is after him and it is the single greatest witch hunt in American history. Interestingly enough it was not Trump who initiated the special prosecutor.  Will he now ask for a special prosecutor to look into the crimes of Hillary Clinton?

( zero hedge)

v)USA Mortgage applications tumble the most in one year:

( zero hedge)

( zero hedge)

Let us head over to the comex:

The total gold comex open interest ROSE BY 10,858 CONTRACTS UP to an OI level of 445,879 WITH THE  RISE IN THE PRICE OF GOLD ( $22.00 with YESTERDAY’S trading).   We are now in the contract month of MAY and it is one of the POORER delivery months  of the year. In this MAY delivery month  we had A GAIN OF 8 contract(s) RISING TO  40. We had 0 notices filed yesterday so we GAINED 8 contracts or an additional 800 oz are standing for delivery and no contracts were cash settled through the EFP route where they receive a cash bonus plus a future gold contract.

The next big active month is June/2017 and here the OI GAINED 4702 contracts UP to 208.931.  The non active July contract GAINED another 275 contracts to stand at 1043 contracts. The next big active month is August and here the OI gained 5,068 contracts up to 137,835.

To give you a good idea of the devastation of open interest contracts, last year on May 16 2016 we had at this exact time:    321,216 contracts of JUNE 2016 CONTRACTS OPEN.( compared to JUNE 2017: 208,931)

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

We had 17 notice(s) filed upon today for 1700 oz

 

 
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
 
And now for the wild silver comex results.  Total silver OI FELL BY 2220 contracts FROM  215,127 DOWN TO 212,907 WITH YESTERDAY’S 15 CENT PRICE GAIN.  IT SURE LOOKS LIKE OUR BANKERS HAVE CAPITULATED AGAIN AS THEY HAVE STARTED TO COVER THEIR SHORTS IN EARNEST. IT ALSO EXPLAINS THE REASON FOR THE RAID TODAY
 
Below is a little background on the EFP contracts  initiated by our bankers:
 
(We now know for certainty that private EFP contracts are given by the bankers when faced with an upcoming active delivery month.  We just do not know the makeup of that private deal.  It is my contention that the longs in silver at the end of April were given a fiat bonus plus a long “in the money” call for a  future May contract or a July contract. They were told not to exercise for a new contract until at least the first week of May is over so it would not look like a paper settlement which in reality it surely is.
So now everything makes sense: the obliteration of OI as we enter first day notice has not really occurred but replaced with a future contract with some bonus money for their effort. No doubt by the end of May, the open interest in the silver contract month will be close to the OI we had around mid April/2017.)
 
 
We are in the active delivery month is MAY  Here the open interest GAINED 10 contracts RISING TO 121 contracts. MY GOODNESS!! IT HAPPENED AGAIN!! We had 28 notices filed yesterday, so we gained another 38 notices or an additional 190,000 oz will stand for delivery. In the last few years, I do not believe I have ever seen an active month increase in amount standing for 14 straight days of the delivery cycle starting immediately after first day notice. No wonder JPMorgan is getting ready for a physical attack at the comex. I have never seen anything like this!!
 

The non active June contract LOST 121 contracts to stand at 797. The next big active month will be July and here the OI  LOST 1830 contracts DOWN to 161.435.

For those keeping score, the initial amount of silver oz that stood for delivery for the May 2016 contract month: 28.01 million oz.  By conclusion of the month only 13.58 million oz stood and the rest was cash settled.(EFP ROUTE)

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

 

We had 47 notice(s) filed for 235,000 oz for the MAY 2017 contract

 

VOLUMES: for the gold comex

Today the estimated volume was 202,505 contracts which is good

Yesterday’s confirmed volume was 411,657 contracts  which is huge.

volumes on gold are STILL HIGHER THAN NORMAL!

 
INITIAL standings for MAY
 May 18/2017.
 
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 
 
 
 
 
nil  oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz 
 
 
nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
 
17 notice(s)
 
1700 OZ
 
 
No of oz to be served (notices)
23 contracts
2300 oz
 
Total monthly oz gold served (contracts) so far this month
 
508 notices
50,800 oz
1.5800 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   214,922.2 oz
 
 
 
Today we HAD  0 kilobar transaction(s)/
 
total dealer deposits: nil oz
 
We had NIL dealer withdrawals:
 
 
total dealer withdrawals:  NIL oz
we had no dealer deposits:
 
total dealer deposits:  nil oz
 
 
we had 0  customer deposit(s):
 
 
 
 
 
 
 
 
 
 
 
 
total customer deposits; nil  oz
 
We had 0 customer withdrawal(s)
 
 
 
 
 
 
 
 
 
 
 
total customer withdrawal: 9998.95 oz
 
 
 
 we had 0 adjustments:
 
 
 
 
For MAY:
 

Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 0 contract(s)  of which 17 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.

 
 
 
 
 
 
 
 
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To calculate the initial total number of gold ounces standing for the MAY. contract month, we take the total number of notices filed so far for the month (508) x 100 oz or 49100 oz, to which we add the difference between the open interest for the front month of MAY (40 contracts) minus the number of notices served upon today (17) x 100 oz per contract equals 53,100 oz, the number of ounces standing in this  active month of MAY.
 
Thus the INITIAL standings for gold for the MAY contract month:
No of notices served so far (508) x 100 oz  or ounces + {(32)OI for the front month  minus the number of  notices served upon today (17) x 100 oz which equals 53,100 oz standing in this non active delivery month of MAY  (1.6516 tonnes).  We gained 8 contracts or an additional 800 oz are standing for delivery and 0 contracts were cash settled through the EFP route where they received a fiat bonus plus a futures contract in a private deal with the bankers.
 
 
 
 
 
 
 
 
 
 
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I have now gone over all of the final deliveries for this year and it is startling.
 
Here are the final deliveries for all of 2016 and the first 5 months of  2017
Jan 2016:  .5349 tonnes  (Jan is a non delivery month)
Feb 2016:  7.9876 tonnes (Feb is a delivery month/deliveries this month very low)
March 2016: 2.311 tonnes (March is a non delivery month)
April:  12.3917 tonnes (April is a delivery month/levels on the low side
And then something happens and from May forward deliveries boom!
May; 6.889 tonnes (May is a non delivery month)
June; 48.552 tonnes ( June is a very big delivery month and in the end deliveries were huge)
July: 21.452 tonnes (July is a non delivery month and generally a poor one/not this time!)
August: 44.358 tonnes (August is a good delivery month and it came to fruition)
Sept:  8.4167 tonnes (Sept is a non delivery month)
Oct; 30.407 tonnes
Nov.    8.3950 tonnes.
DEC/2016.   29.931 tonnes
JAN/2017     3.9004 tonnes
FEB/ 18.734 tonnes
March: 0.5816 tonnes
April/2017: 2.8678
MAY:2017/  1.6516 TONNES
 
total for the 17 months;  249.569 tonnes
average 14.680 tonnes per month
 
 
 
 
 
 
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Total dealer inventory 877,817.092 or 27.303 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,762,195.982 or 272.54 tonnes 
 
 
 
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 272.54 tonnes for a  loss of 30  tonnes over that period.  Since August 8/2016 we have lost 81 tonnes leaving the comex. However I am including kilobar transactions and they are very suspect at best
 
I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process  and are being used in the raiding of gold!
 
 
 
 

 
 
 
The gold comex is an absolute fraud.  The use of kilobars and exact weights makes the data totally absurd and fraudulent! To me, the only thing that makes sense is the fact that “kilobars: are entries of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction.  This would be similar to the rehypothecated gold used by Jon Corzine at MF Global.
 
IN THE LAST 12 MONTHS  81 NET TONNES HAS LEFT THE COMEX.
 
end
 
And now for silver
 
AND NOW THE APRIL DELIVERY MONTH
 
MAY INITIAL standings
 May 18. 2017
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 
 
 
 
 
 
 
 
183,164.00 oz
 
Brinks
HSBC
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 
 
nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 457,152.01  oz
brinks
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
 47 CONTRACT(S)
(235,000 OZ)
No of oz to be served (notices)
74 contracts
( 370,000 oz)
Total monthly oz silver served (contracts) 4514 contracts (22,570,000 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  5,936,048.3 oz
 
 
 
today, we had  0 deposit(s) into the dealer account:
 
 
 
 
 
total dealer deposit: nil  oz
 
we had Nil dealer withdrawals:
 
total dealer withdrawals: nil oz
 
 
we had 2 customer withdrawal(s):
 
i) Out of brinks: 28,045.600 oz
ii) Out of HSBC:  155,118.400 oz
 
 
 
 
 
 
TOTAL CUSTOMER WITHDRAWALS:  183,164.000  oz
 
 We had 1 Customer deposits:
i) Into Brinks:   457,152.01 oz
 
 
 
 
 
***deposits into JPMorgan have now stopped 
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  457,152.01 oz
 
 
 we had 1 adjustment(s)
i) out of JPMorgan: 1,990.0000 oz ?? as a counting error???
 
 
 
 
The total number of notices filed today for the MAY. contract month is represented by 47 contract(s) for 235,000 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 4514 x 5,000 oz  = 22,570,000 oz to which we add the difference between the open interest for the front month of MAY (121) and the number of notices served upon today (47) x 5000 oz equals the number of ounces standing
 

 

.
 
Thus the initial standings for silver for the MAY contract month:  4514(notices served so far)x 5000 oz  + OI for front month of APRIL.(121 ) -number of notices served upon today (47)x 5000 oz  equals  22,940,000 oz  of silver standing for the MAY contract month.
 
We actually gained another 38 contracts or an additional 190,000 oz will stand for delivery and again nobody wished to accept an EFP contract for a fiat bonus. It probably means that the entire 22.94 million oz that are standing wants only physical metal and refuses a fiat bonus. This is identical to backwardation where the investor will not accept to roll to a futures month and receive a sure fiat profit (THROUGH THE EFP) but instead that investor holds onto his physical because he is not sure in the future he would receive his metal back if he engages in that future contract.  We have now had on 14 trading consecutive days, an increase in amount standing for silver.  For the past several years, this has never happened during an active silver delivery month.  Ladies and gentlemen:  the silver comex is being attacked for its physical metal and the attacker is Sovereign China. 
 
 
 
 
 
 
 
 
 
 
 
Volumes: for silver comex
 
 
 
Today the estimated volume was 58,586 which is excellent
Yesterday’s  confirmed volume was 135,758 contracts which is simply out of this world
 
TODAY’S ESTIMATED VOLUME OF 135,758 CONTRACTS EQUATES TO 679 MILLION OZ OF SILVER OR 97% 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:  33.538 million (close to record low inventory  
Total number of dealer and customer silver:   200.755 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 6.5 percent to NAV usa funds and Negative 6.2% to NAV for Cdn funds!!!! 
Percentage of fund in gold 62.2%
Percentage of fund in silver:37.7%
cash .+0.1%( May 18/2017) 
 
 
 
 
 
 
 
2. Sprott silver fund (PSLV): Premium RISES TO   +1.19%!!!! NAV (May 18/2017) 
3. Sprott gold fund (PHYS): premium to NAV rises to -0.33% to NAV  (May 18/2017 )
Note: Sprott silver trust back  into POSITIVE territory at +1.19% /Sprott physical gold trust is back into NEGATIVE/ territory at -0.33%/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

 Section: Daily Dispatches

From the Canadian Press
via Canadian Broadcasting Corp. News, Toronto
Wednesday, March 8, 2017

http://www.cbc.ca/news/canada/calgary/sprott-takeover-bid-central-fund-c…

Toronto-based Sprott Inc. said Wednesday it’s making an all-share hostile takeover bid worth $3.1 billion US for rival bullion holder Central Fund of Canada Ltd.

The money-management firm has filed an application with the Court of Queen’s Bench of Alberta seeking to allow shareholders of Calgary-based Central Fund to swap their shares for ones in a newly-formed trust that would be substantially similar to Sprott’s existing precious metal holding entities.

The company is going through the courts after its efforts to strike a friendly deal were rebuffed by the Spicer family that controls Central Fund, said Sprott spokesman Glen Williams.

“They weren’t interested in having those discussions,” Williams said.

 Sprott is using the courts to try to give holders of the 252 million non-voting class A shares a say in takeover bids, which Central Fund explicitly states they have no right to participate in. That voting right is reserved for the 40,000 common shares outstanding, which the family of J.C. Stefan Spicer, chairman and CEO of Central Fund, control.

If successful through the courts, Sprott would then need the support of two-thirds of shareholder votes to close the takeover deal, but there’s no guarantee they will make it that far.

“It is unusual to go this route,” said Williams. “There’s no specific precedent where this has worked.”

Sprott did have success last year in taking over Central GoldTrust, a similar fund that was controlled by the Spicer family, after securing support from more than 96 percent of shareholder votes cast.

The firm says Central Fund’s shares are trading at a discount to net asset value and a takeover by Sprott could unlock US$304 million in shareholder value.

Central Fund did not have any immediate comment on the unsolicited offer. Williams said Sprott had not yet heard from Central Fund on the proposal but that some shareholders had already contacted them to voice their support.

Sprott’s existing precious metal holding companies are designed to allow investors to own gold and other metals without having to worry about taking care of the physical bullion.

end

And now the Gold inventory at the GLD

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

April 19/ A DEPOSIT OF 11.84 TONNES INTO THE GLD/INVENTORY RESTS AT 860.76 TONNES

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
May 17 /2017/ Inventory rests tonight at 850.71 tonnes
 
*IN LAST 154 TRADING DAYS: 97.42 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 97 TRADING DAYS: A NET  30.01 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET  55.35 TONNES HAVE BEEN ADDED.
 

end

 
 

Now the SLV Inventory

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

APRIL 20/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 326.308 MILLION OZ

  1. The Brilliant Light Power SunCell will lower the cost of energy by 90%, so the price of everything with an energy component cost will also drop. The SunCell requires one metric ton of physical silver per gigawatt of generator capacity. Since the energy from this device is so cheap, the world will be compelled to convert all 12,000 gigawatts of current generation capacity, which will require 12,000 metric tons of physical silver, or about 385 million troy ounces. This will upset the silver supply demand dynamics sending the price of silver into the stratosphere. By 2020, silver will be very hard to source at any price. Silver markets will go ‘no ask’, or not for sale at any price.

    200 grams of silver in a SunCell will provide 250 kilowatt-hours per hour, 24 hours per day, every day for 20 years, after which the silver can be recycled for another 20 years and so on, indefinitely. Calculate the value of silver in this use case.

    Materials cost for the SunCell (not including the silver) is USD 30K.

    • Total nonsense. For cheap energy devices that contain silver simply depends on the price being low. For the Harvey nonsense he claims this every month and it is meaningless as always as trades are closed as we get closer to expiration so does amount standing for delivery.

    • @ElaisaKasan

      Have you mortgaged the house, cashed out the 401K, sold your stack, and pimped the wife to get every nickel possible to invest in this company???

      Any thoughts on why the company has been around 20 years or more and doesn’t even have a functioning prototype yet?

      Why do quantum mechanics experts all say the supposed theoretical basis for this is rubbish?

      I only took one semester of quantum mechanics at MIT, but this sure looks like a scam to me.

       

    • Not all readers of Harvey Organ are seasoned traders. He talks about ‘someone with deep pockets is draining the Comex’ or ‘China wants their silver back’. Would someone explain when and how these big trades occur; either in dollars or silver?  I understand that for every winner there must be a loser,  but they way Harvey explains it the game just keeps extending with  more/less metal standing for delivery. Why not publish how many oz left the Comex in $$ not bullion? Thanks in advance

    • Piece of Eight…One deep pocket trader is the Exchange Stabilization Fund or ESF aka the Plunge Protection Team run with no Congressional oversite by the U.S. Treasury.  There is a great multi-part series on YouTube detailing their operation.

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