Harvey Organ: Strange Things Are Happening With GLD

Harvey says there’s no silver at the SLV, so it’s not happening with silver, but today’s development with GLD is very strange. Here’s why…

by Harvey Organ of Harvey Organ Blog

DEC 20/GOLD RISES BY $5.00 UP TO $1266.15/SILVER RISES BY 8 CENTS UP TO $16.21/COMEX GOLD EFP’S: 8815 CONTRACTS/SILVER EFP’S A LARGE 2867 CONTRACTS/SOUTH AFRICA ANNOUNCES IT WILL SUSPEND CONSTITUTION AND ACQUIESCE ITS CENTRAL BANK AS WELL AS CONFISCATE LAND FROM WHITE LANDOWNERS/SWEDEN TO STOP IMMEDIATELY QE/

GOLD: $1266.15 up $5.00

Silver: $16.21 UP 8 cents

Closing access prices:

Gold $1265.80

silver: $16.20

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: $1275.42 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1264.00

PREMIUM FIRST FIX: $11.42

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SECOND SHANGHAI GOLD FIX: $1277.71

NY GOLD PRICE AT THE EXACT SAME TIME: $1263.70

Premium of Shanghai 2nd fix/NY:$14.01

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1265.95

NY PRICING AT THE EXACT SAME TIME: $1266.00

LONDON SECOND GOLD FIX 10 AM: $1264.55

NY PRICING AT THE EXACT SAME TIME. 1263.40??

For comex gold:

DECEMBER/

 NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT:  246 NOTICE(S) FOR 24600 OZ.

TOTAL NOTICES SO FAR: 8809 FOR 880,900 OZ (27.39 TONNES),

For silver:

DECEMBER

8 NOTICE(S) FILED TODAY FOR

40,000 OZ/

Total number of notices filed so far this month: 6235 for 31,175,000 oz

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Bitcoin: BID $17,333/OFFER $17,480 UP $416 (morning)

BITCOIN : BID $16,338 :  OFFER 16,499  down $584 (CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY FELL BY A GOOD SIZED 3572 contracts from 207,275 FALLING TO 203,703 DESPITE YESTERDAY’S 1 CENT FALL IN SILVER PRICING.  WE HAD CONSIDERABLE  COMEX LIQUIDATION BUT  WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: A RESPECTABLE  2867 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 2867 CONTRACTS. HOWEVER THE MOVEMENT ACROSS TO LONDON IS NOT AS SEVERE AS IN GOLD AS THERE SEEMS TO BE A MAJOR PLAYER TAKING ON THE BANKS AT THE COMEX.  STILL, WITH THE TRANSFER OF 2867 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. YESTERDAY WITNESSED 1089 EFP’S FOR SILVER ISSUED. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S.

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF DECEMBER:

40,365 CONTRACTS (FOR 14 TRADING DAYS TOTAL 40,365 CONTRACTS OR 201.82 MILLION OZ: AVERAGE PER DAY: 2,883 CONTRACTS OR 14.416 MILLION OZ/DAY)

RESULT: A GOOD SIZED FALL IN OI COMEX DESPITE THE TINY 1 CENT FALL IN SILVER PRICE.   WE HAD CONSIDERABLE COMEX SILVER LIQUIDATION BUT WE ALSO HAD A FAIR SIZED SIZED EFP ISSUANCE OF 2864 CONTRACTS  WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS:  FROM THE CME DATA 2864 EFP’S  WERE ISSUED TODAY (FOR MARCH EFP’S)  FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS.  WE REALLY LOST 705 OI CONTRACTS i.e. 2864 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 3572 OI COMEX CONTRACTS. AND ALL OF THIS  HAPPENED WITH THE FALL IN PRICE OF SILVER BY 1 CENT AND A  CLOSING PRICE OF $16.13 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A MASSIVE AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just OVER 1 BILLION oz i.e. 1.018 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia & ex China).

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

In gold, the open interest FELL BY A TINY 18 CONTRACTS DOWN TO 453,395 DESPITE THE SMALL SIZED FALL  IN PRICE OF GOLD YESTERDAY ($1.45).  HOWEVER,  THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY  TOTALED A CONSIDERABLE  8815 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 8815 CONTRACTS. The new OI for the gold complex rests at 453,395. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS THE HUMONGOUS NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE AMOUNT OF GOLD OUNCES STANDING FOR DECEMBER. 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 A HUGE GAIN OF 8797 OI CONTRACTS: 18 OI CONTRACTS DECREASED AT THE  COMEX  AND A GOOD SIZED  8815 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

FRIDAY, WE HAD 9150 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE:  179,361 CONTRACTS OR 17.936 MILLION OZ OR 557.88 TONNES(14 TRADING DAYS AND THUS AVERAGING: 12,881 EFP CONTRACTS PER TRADING DAY OR 1.2881 MILLION OZ/DAY)

Result: A TINY SIZED DECREASE IN OI DESPITE THE SMALL SIZED RISE IN PRICE IN GOLD TRADING YESTERDAY ($1.45). WE  HAD A GOOD SIZED  NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 8815. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE REACHED THE HUGE DELIVERY MONTH OF DECEMBER. 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 8815 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 8,797  contracts:

8815 CONTRACTS MOVE TO LONDON AND A 18 CONTRACTS DECREASED AT THE  COMEX. (in tonnes, the gain yesterday equates to 27.36)

we had:  246  notice(s) filed upon for 24,600 oz of gold.

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

GLD:

Today,  VERY STRANGE!!  WITH GOLD ADVANCING UP TO $1266., THE CROOKS DECIDED TO RAID THE COOKIE JAR AGAIN/ WE HAD A GOOD SIZED WITHDRAWAL OF 1.18 TONNES in gold inventory at the GLD.

Inventory rests tonight: 836.02 tonnes.

SLV

 

NOTE: THEY DO NOT RAID SILVER BECAUSE THERE IS NO PHYSICAL INVENTORY TO RAID AT THE SLV:

NO CHANGE IN SILVER INVENTORY AT THE SLV:

INVENTORY RESTS AT 326.337 MILLION OZ/

Let us head over to the comex:

The total gold comex open interest FELL BY A VERY TINY 18 CONTRACTS DOWN to an OI level of 453,395 DESPITE THE FALL IN THE PRICE OF GOLD ($1.45 LOSS WITH RESPECT TO YESTERDAY’S TRADING).  WE DID HAVE MINIMAL COMEX GOLD  LIQUIDATION BUT WE DID HAVE A HUGE GAIN IN TOTAL OPEN INTEREST AS WE  HAD ANOTHER STRONG COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED  A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS. THE CME REPORTS THAT 0 EFPS WERE ISSUED FOR DECEMBER  AND 8815 EFP’S WERE ISSUED FOR FEBRUARY FOR A TOTAL OF 8815 CONTRACTS. THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS.

ON A NET BASIS IN OPEN INTEREST WE GAINED TODAY: 8,797 OI CONTRACTS IN THAT 8815 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON  AND WE LOST 18 COMEX CONTRACTS.  NET GAIN: 8797 contracts OR 879,700 OZ OR 27.36 TONNES

Result: AN SMALL SIZED INCREASE IN COMEX OPEN INTEREST DESPITE THE FALL IN THE PRICE OF GOLD TRADING  YESTERDAY ($1.45.)  WE HAD NO REAL GOLD LIQUIDATION . TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 8797 OI CONTRACTS…

We have now entered the  active contract month of DECEMBER. The open interest for the front month of December saw it’s open interest FELL by 1422 contracts DOWN to 471.  We had 1469 notices filed upon yesterday so we GAINED 47 COMEX contracts or an additional 4700 oz will stand for delivery AT THE COMEX in this active delivery month of December as queue jumping returns.   Bankers are still in need of physical.

January saw its open interest LOSS OF 65 contracts DOWN to 1456. FEBRUARY saw a loss of 1369 contacts down to 332,929.

We had 246 notice(s) filed upon today for 24,600 oz

PRELIMINARY VOLUME TODAY ESTIMATED;  193,434

FINAL NUMBERS CONFIRMED FOR YESTERDAY:  216,333

comex gold volumes are increasing dramatically

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And now for the wild silver comex results.

Total silver OI FELL BY A considerable 3572 CONTRACTS  FROM 207,275 DOWN TO 203,703 DESPITE YESTERDAY’S TINY 1 CENT LOSS IN PRICE .  HOWEVER, WE DID HAVE ANOTHER GOOD SIZED 2869 EMERGENCY EFP’S FOR MARCH ISSUED BY OUR BANKERS (ZERO FOR DECEMBER) TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.THE TOTAL EFP’S ISSUED: 2869.  IT SURE LOOKS LIKE THE SILVER BOYS HAVE STARTED TO MIGRATE TO LONDON FROM THE START OF DELIVERY MONTH AND CONTINUING RIGHT THROUGH UNTIL FIRST DAY NOTICE JUST LIKE WE ARE WITNESSING TODAY.  USUALLY WE NOTED THAT CONTRACTION IN OI OCCURRED ONLY DURING THE LAST WEEK OF AN UPCOMING ACTIVE DELIVERY MONTH. THIS PROCESS HAS JUST BEGUN IN EARNEST IN SILVER STARTING IN SEPTEMBER.  HOWEVER, IN GOLD, WE HAVE BEEN WITNESSING THIS FOR THE PAST 2 YEARS.  WE HAD NO  LONG SILVER LIQUIDATION AS DEMAND FOR PHYSICAL SILVER INTENSIFIES ESPECIALLY AS WE WITNESS A HUGE AMOUNT OF SILVER OUNCES STANDING FOR METAL IN DECEMBER AS WELL AS THAT CONTINUAL MIGRATION OF EFPS OVER TO LONDON. ON A PERCENTAGE BASIS THERE ARE MORE EFP’S ISSUED FOR GOLD THAN SILVER AS IT SEEMS THAT A MAJOR PLAYER WISHES TO TAKE ON THE CROOKED COMEX SHORTS.  ON A NET BASIS WE LOST 705 OPEN INTEREST CONTRACTS:

3572 CONTRACTS LOSS AT THE COMEX WITH THE ADDITION OF  2867 OI CONTRACTS NAVIGATING OVER TO LONDON.

NET LOSS: 705 CONTRACTS

We are now in the big active delivery month of December and here the OI FELL by 297 contracts DOWN to 667.  We had 297 notice filed UPON YESTERDAY so we LOST 0 contract or an additional NIL oz will  stand in this active COMEX delivery month of December.

The January contract month ROSE by 0 contracts UP to 1324.  February saw a gain OF 3 OI contract RISING TO 38. The March contract LOST 3323 contracts DOWN to 164,251.

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

INITIAL standings for DECEMBER

 Dec 20/2017.

Today we HAD  1 kilobar trans

WE HAD nil DEALER DEPOSIT:
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)

i) Into Scotia: 6815.800 oz   (212 kilobars)

Total customer withdrawals: 6815.8000 oz

we had 0 adjustment(s)

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 246 contract(s) of which 138 notices were stopped (received) by j.P. Morgan dealer and 34 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.

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To calculate the INITIAL total number of gold ounces standing for the DECEMBER. contract month, we take the total number of notices filed so far for the month (8809) x 100 oz or 880,900 oz, to which we add the difference between the open interest for the front month of DEC. (471 contracts) minus the number of notices served upon today (246 x 100 oz per contract) equals 902,400 oz, the number of ounces standing in this  active month of DECEMBER

Thus the INITIAL standings for gold for the DECEMBER contract month:

No of notices served (8809) x 100 oz or ounces + {(471)OI for the front month minus the number of notices served upon today (246) x 100 oz which equals 902,400 oz standing in this active delivery month of DECEMBER (28.07 tonnes). THERE IS  33.4 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR.

WE GAINED 47 COMEX CONTRACTS STANDING OR AN ADDITIONAL 4700 OZ WILL  STAND AT THE COMEX

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ON FIRST DAY NOTICE FOR DECEMBER 2016,  THE INITIAL  GOLD STANDING:  39.038 TONNES STANDING

BY THE END OF THE MONTH:  FINAL: 29.791 TONNES STOOD FOR COMEX DELIVERY AS THE REMAINDER HAD TRANSFERRED OVER TO LONDON FORWARDS.

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Total dealer inventory 1,070,309.229 or 33.29 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 9,152,440.023 or 284.67 tonnes

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 14 MONTHS 69 NET TONNES HAS LEFT THE COMEX.

end

And now for silver

AND NOW THE DECEMBER DELIVERY MONTH

DECEMBER INITIAL standings

today, we had 0 deposit(s) into the dealer account:

total dealer deposit: nil  oz

we had 0 dealer withdrawals:

total dealer withdrawals: nil oz

we had 4 customer withdrawal(s):

i) Out of CNT: 609,606.616 oz

ii) out of Delaware: 511,526.990 oz

iii) Out of Brinks: 25,273.680 oz

iv) Out of HSBC: 106,172.640 oz

TOTAL CUSTOMER WITHDRAWAL  1,252,579.926  oz

We had 1 Customer deposit(s):

i) Into HSBC: 599,962.600 oz

***deposits into JPMorgan have stopped again
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
why is JPMorgan bringing in so much silver??? why is this not criminal in that they are also the massive short in silver

total customer deposits: 599,962.600 oz

we had 0 adjustment(s)

 

The total number of notices filed today for the DECEMBER. contract month is represented by 8 contract(s) FOR 40,000 oz. To calculate the number of silver ounces that will stand for delivery in DECEMBER., we take the total number of notices filed for the month so far at 6235 x 5,000 oz = 31,175,0000 oz to which we add the difference between the open interest for the front month of DEC. (370) and the number of notices served upon today (8 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the DECEMBER contract month: 6235 (notices served so far)x 5000 oz + OI for front month of DECEMBER(370) -number of notices served upon today (8)x 5000 oz equals 33,035,000 oz of silver standing for the DECEMBER contract month. This is EXCELLENT for this active delivery month of November.

WE LOST  0 CONTRACTS OR NIL OZ THAT WILL NOT STAND AT THE COMEX

ON FIRST DAY NOTICE FOR THE DECEMBER 2016 CONTRACT WE HAD 15.282 MILLION OZ STAND.

THE FINAL STANDING: 19.900 MILLION OZ AS QUEUE JUMPING INTENSIFIED.

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ESTIMATED VOLUME FOR TODAY: 59,104

CONFIRMED VOLUME FOR FRIDAY:   61,229 CONTRACTS

YESTERDAY’S CONFIRMED VOLUME OF 61,229 CONTRACTS EQUATES TO 306 MILLION OZ OR 43.7% 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.

Total dealer silver: 57.344 million
Total number of dealer and customer silver: 238.468 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 2.3 percent to NAV usa funds and Negative 2.0% to NAV for Cdn funds!!!!
Percentage of fund in gold 63.1%
Percentage of fund in silver:36.6%
cash .+.3%( Dec 20/2017)

 

2. Sprott silver fund (PSLV): NAV RISES TO -0.97% (Dec 20 /2017)
3. Sprott gold fund (PHYS): premium to NAV RISES TO -0.65% to NAV (Dec 20 /2017 )
Note: Sprott silver trust back into NEGATIVE territory at -0.97%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.65%/Central fund of Canada’s is still in jail but being rescued by Sprott.
Sprott WINS hostile 3.1 billion bid to take over Central Fund of Canada

(courtesy Sprott/GATA)

END

And now the Gold inventory at the GLD

Dec 20/DESPITE THE GOOD ADVANCE IN PRICE TODAY/THE CROOKS RAIDED THE COOKIE JAR TO THE TUNE OF 1.18 TONNES/INVENTORY RESTS AT 836.02 TONNES

Dec 19/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 837.20 TONNES

Dec 18 SHOCKINGLY AFTER TWO GOOD GOLD TRADING DAYS, THE CROOKS RAID THE COOKIE JAR BY THE SUM OF 7.09 TONNES/INVENTORY RESTS AT 837.20 TONNES

Dec 15/NO CHANGES IN GOLD INVENTORY/RESTS AT 844.29 TONNES.

Dec 14/a good sized gain of 1.48 tonnes of gold into the GLD/inventory rests at 844.29 tones

Dec 13/no changes in gold inventory at the GLD/inventory rests at 842.81 tonnes

Dec 12/SURPRISINGLY NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 842.81 TONNES

Dec 11/SURPRISINGLY NO CHANGES IN GOLD INVENTORY AT THE GLD DESPITE THE CONSTANT RAIDS ON GOLD/INVENTORY RESTS AT 842.81 TONNES

Dec 8/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 842.81 TONNES

Dec 7/A BIG WITHDRAWAL OF 2.66 TONNES FROM THE GLD/INVENTORY RESTS AT 842.81 TONNES

Dec 6/No changes in GOLD inventory at the GLD/Inventory rests at 845.47 tonnes

Dec 5/A WITHDRAWAL OF 2.64 TONNES FROM THE GLD/INVENTORY RESTS AT 845.47 TONNES

Dec 4/A MASSIVE DEPOSIT OF 8.56 TONNES OF GOLD INTO THE GLD/THE BLEEDING OF GLD GOLD HAS STOPPED/INVENTORY RESTS TONIGHT AT 848.11 TONNES

Dec 1/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 839.55 TONNES

Nov 30/no change in gold inventory at the GLD. Inventory rests at 839.55 tonnes

Nov 29/a withdrawal of 2.66 tonnes at the GLD/Inventory rests at 839.55 tonnes

NOV 28/ no change in gold inventory at the GLD/inventory rests at 842.21 tonnes

Nov 27 Strange!! we gold up by $6.40 today, we had a good sized withdrawal of 1.18 tonnes from the GLD. Here is something that is also strange: we have had exactly 1.18 tonnes of gold withdrawn from the comex on 5 separate occasions in the past 30 days..explanation?

Nov 24/no change in gold inventory at the GLD/Inventory rests at 843.09 tonnes

Nov 22/no change in gold inventory at the GLD/Inventory rests at 843.39 tonnes

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Dec 120/2017/ Inventory rests tonight at 836.02 tonnes

*IN LAST 295 TRADING DAYS: 104.93 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 230 TRADING DAYS: A NET 52.35 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 21.24 TONNES HAVE BEEN ADDED.

end

Now the SLV Inventory

Dec 20/INVENTORY REMAINS CONSTANT AT 326.337 MILLION OZ (COMPARE WITH GLD)

Dec 19/SILVER INVENTORY REMAINS CONSTANT AT 326.337 MILLION OZ

Dec 18.2017//SILVER INVENTORY CONTINUES TO REMAIN PAT./INVENTORY REMAINS AT 326.337 MILLION OZ/

INVENTORY RESTS AT 326.337 TONNES

Dec 15/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 326.337 MILLION OZ/

Dec 14/a small withdrawal of 377,000 oz and that usually means to pay for fees./inventory rests at 326.337 million oz/

Dec 13/no change in silver inventory at the SLV/Inventory rests at 326.714 million oz/

Dec 12/WOW!ANOTHER STRANGE ONE: SILVER HAS BEEN DOWN FOR 10 CONSECUTIVE DAYS, YET THE SLV ADDS ANOTHER 1.415 MILLION OZ TO ITS INVENTORY. IN THAT 10 DAY PERIOD, SLV ADDS 9.584 MILLION OZ/

INVENTORY RESTS AT 326.714 MILLION OZ

Dec 11/WOW!! ANOTHER STRANGE ONE: SILVER DESPITE BEING DOWN FOR 9 CONSECUTIVE TRADING DAYS ADDS ANOTHER 944,000 OZ TO ITS INVENTORY. FROM NOV 30 UNTIL TODAY SILVER HAS BEEN DOWN EVERY DAY. HOWEVER THE INVENTORY OF SILVER HAS RISEN 8.169 MILLION OZ.

Dec 8/A HUGE DEPOSIT OF 2.642 MILLION OZ/INVENTORY RESTS AT 324.355 MILLION OZ/

Dec 7/strange!! with the continual whacking of silver, no change in silver inventory at the SLV/Inventory rests at 321.713

Dec 6/no change in silver inventory at the SLV/Inventory remains at 21.713 million oz.

Dec 5/THIS ONE HIT ME LIKE A TON OF BRICKS: SLV ADDS 2.507 MILLION OZ DESPITE THE HUGE DRUBBING SILVER TOOK TODAY. (PRICE DISCOVERY?)

Dec 4/NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 319.207 MILLION OZ/

Dec 1/VERY STRANGE!! WITH SILVER IN THE DUMPSTER THESE PAST FEW DAYS, SLV ADDS 2.076MILLION OZ/???

INVENTORY 319.207 MILLION OZ/

Nov 30/no changes in silver inventory despite the huge drop in price/inventory rests at 317.130 million oz

Nov 29/no changes in silver inventory at the SLV/Inventory rests at 317.130 million oz/strange!! at drop of 32 cents and no change in inventory?

Nov 28/no change in silver inventory at the SLV/Inventory rests at 317.130 million oz.

Nov 27/NO CHANGE IN SILVER INVENTORY DESPITE A ZERO GAIN IN PRICE /QUITE OPPOSITE TO GOLD WHICH SAW 1.18 TONNES OF GOLD WITHDRAWN DESPITE A RISE IN PRICE OF $6.40

Nov 24/A WITHDRAWAL OF 944,000 OZ OF SILVER FROM THE SLV//INVENTORY RESTS AT 317.130 MILLION OZ

Nov 22/no change in silver inventory at the SLV/Inventory rests at 318.074 million oz.

Dec 19/2017:

Inventory 326.337 million oz

end

6 Month MM GOFO
Indicative gold forward offer rate for a 6 month duration

+ 1.80%
12 Month MM GOFO
+ 1.95%
30 day trend

end