CHAOS IN CHINA! – Harvey Organ

chinaChaos in China as overnight lending rises to 80%…

 

Chaos in China as overnight lending rises to 80%/offshore yuan rises to 6.83 killing many shorts/Trump threatens Toyoto to build their plant in the USA and not in Mexico to avoid the border tax/Panic in Mexico as the Peso plummets to 21.44 to  the dollar on Donald Trump fears/Gold rises to $1179.70 up $15.90/silver up 8 cents to $16.58

Buy 2017 Silver Eagles at the Lowest Price Online!
2017-silver-american-eagle-coin

Gold at (1:30 am est) $1179.70 UP $15.90

silver  at $16.58:  UP 8 cents

Access market prices:

Gold: $1180.40

Silver: $16.58

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:

 
THURSDAY gold fix Shanghai
 

Shanghai morning fix Jan 5/17 (10:15 pm est last night): $  1188.91

NY ACCESS PRICE: $1740.25 (AT THE EXACT SAME TIME)/premium $14.66

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Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   1195.33

NY ACCESS PRICE: $1177.25 (AT THE EXACT SAME TIME/2:15 am)

HUGE SPREAD 2ND FIX TODAY!!:  $18.08

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

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London Fix: Jan 5/2017: 5:30 am est:  $.1173.05   (NY: same time:  $1173.35    5:30AM)

 
 
 
 
 
 

London Second fix Jan 5.2017: 10 am est:  $1176.80 (NY same time: $1176.80  (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 JANUARY CONTRACT MONTH:  13 NOTICE(S) FOR 1300 OZ.  TOTAL NOTICES SO FAR: 1023 FOR 102,300 OZ    (3.1819 TONNES)

 
 
 

For silver:

 NOTICES FOR JANUARY CONTRACT MONTH FOR SILVER: 110 NOTICE(s) FOR 550,000  OZ. TOTAL NUMBER OF NOTICES FILED SO FAR; 307 FOR 1,535,000 OZ

 
 

Let us have a look at the data for today

.

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In silver, the total open interest ROSE by 553  contracts UP to 164,365 with respect to YESTERDAY’S TRADING  (short covering by the banks).    In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .821 BILLION TO BE EXACT or 117% of annual global silver production (ex Russia & ex China).

FOR THE JANUARY FRONT MONTH IN SILVER:  110 NOTICES FILED FOR 550,000  OZ.

In gold, the total comex gold FELL BY 1065 contracts DESPITE THE RISE IN  THE PRICE GOLD ($3.40 with YESTERDAY’S trading ). WE MUST HAVE HAD SHORT COVERING.The total gold OI stands at 423,608 contracts.

we had 13 notice(s) filed upon for 1300 oz of gold.

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

GLD:

We had no  changes in tonnes of gold at the GLD

Inventory rests tonight: 813.87 tonnes

.

SLV

we had no changes in silver into the SLV

THE SLV Inventory rests at: 341.199 million oz

.

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

1. Today, we had the open interest in silver ROSE by 553 contracts UP to 164,305 AS SILVER ROSE by  $0.15 with YESTERDAY’S trading. The gold open interest FELL by 1,065 contracts DOWN to 423,608 DESPITE THE FACT THAT THE  PRICE OF GOLD ROSE BY $3.40 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

2c) FRBNY report on earmarked gold movement

(Harvey)

 

3. ASIAN AFFAIRS

i)Late  WEDNESDAY night/THURSDAY morning: Shanghai closed UP 6.22 POINTS OR 0.21%/ /Hang Sang closed UP 322.22 OR 1.46%. The Nikkei closed UP 230.90 POINTS OR 1.23% /Australia’s all ordinaires  CLOSED UP 0.29%/Chinese yuan (ONSHORE) closed WELL UP at 6.8920/Oil ROSE to 53.75 dollars per barrel for WTI and 56.89 for Brent. Stocks in Europe: ALL IN THE GREEN EXCEPT PARIS Offshore yuan trades  6.83660 yuan to the dollar vs 6.8920  for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS COMPLETELY TRYING TO STOP  DOLLARS  LEAVING CHINA’S SHORES /

REPORT ON JAPAN  SOUTH KOREA NORTH KOREA AND CHINA

3a)THAILAND/SOUTH KOREA

none today

b) REPORT ON JAPAN

none today

 

c) REPORT ON CHINA

i)Wednesday night/9 pm est

This is nuts:  Overnight lending rates between banks skyrockets to 45%. And now Bitcoin is trading higher than gold:  Bitcoin $1252.00 usa/gold 1172.usa. Offshore yuan 6.8870 as the shorts are getting crushed!

( zero hedge)

ii)Thursday morning

The interbank lending rate between banks rose to 80% and the USA/CNH lowered (yuan rose) to 6.83.  No doubt that this will stem the outflow of dollars temporarily.  However China has to worry about the Donald taking control of uSA on January 20 and he will also use his wrath against China

(courtesy zero hedge)

iii)With the Chinese authorities stating that they were going to crack down on cryptocurrencies like Bitcoin, in an attempt to stop the outflow the dollars, finally we see Bitcoin collapse in price down 31% to $893.00 usa.  The true currency, gold continues to rise:

( zero hedge)

iv)This is what happens when you try and grow your economy by 7% per year.  The steel mills etc are running at full blast despite poor global demand.  This causes poor air.  Just look at the following story where a cruise ship could not dock in Beijing because they had no visibility

( zero hedge)

4 EUROPEAN AFFAIRS

 

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

none today

6.GLOBAL ISSUES

i)Mexico is beginning to panic as they now believe that Trump will be true to his word;

( zero hedge)

ii)Next on the list, Donald tells Toyota not to build a plant in Mexico or face a huge border tax.  More woes for Mexico

(courtesy zero hedge)
 

iii)Mexico now out of control as looting and rioting are on the streets in Mexico due to the huge 20% gas hike.( zero hedge)

7. OIL ISSUES

i)DOE reports huge inventory build and down goes oil

( zero hedge)

ii)Strange:  crude jumps on a report that the Saudi are fully impleminting their OPEC output cut

8. EMERGING MARKETS

none today

9.   PHYSICAL MARKETS

i)Brought this to your attention yesterday but it is worth repeating.  Trump will push for the audit of the Fed and then we can see what the crooks have been doing behind the curtain

( Shroeder/The Hill/GATA)

ii)Saville has been anti gold for decades

( Chris Powell/GATA)

iii)The following bullion star infographic highlights the fractional gold reserve banking system orchestrated by the gold ETF’s.  This is what I have been harping on for years:

( Ronan Manly/GATA)

10.USA STORIES

i)The following commentary is an essential reading to all.  You must read this to understand what is going on.  Five major uSA banks have mainly underwritten over 2 trillion USA credit derivatives on sovereign Europe and its banks. A failure by a European bank like Banco Monte dei Paschi de Sienna and Unicredit will bring the USA financial system:

( PAM AND RUSS MARTENS/WALL STREET ON PARADE)

ii)Just take a look at what the doorknobs are doing in Philadelphia:  a huge tax on soda.  It heightens their bill dramatically!

( Jim Quinn/BurningPlatform)

endiii)Now we see that the Russian hacking story has changed again.  Now the media is suggesting that an intermediary sent the emails to Wikileaks

( zero hedge)

iv)Now Donald is going to attack the merger plan with Time Warner and A T and T

( zero hedge)

Federal Reserve Bank of New York:

Earmarked gold movements

December report:

Last Oct/2016 we had 7,841 million dollars worth “gold” in inventory at the FRBNY

valued at $42.22 per oz

Last November/2016 we had 7,841 million dollars worth of gold in inventory at FRBNY valued at $42.22 per oz

thus 0 oz moved at $42.22

So far officially, the following has been repatriated to  BuBa from NY:

2013: 5 tonnes

2014: 120 tonnes

2015:  99.5 tonnes

2016: to be officially announced

Their total  quota from NY is scheduled to be 300 tonnes and another 374 tonnes from Paris of which 177 tonnes of gold has officially been sent (Dec 2015) and thus another 197 tonnes to cross the English channel.

Germany has officially 1237 tonnes of gold “stored ” in NY. On conclusion of the repatriation, Paris will have 0 stored there.

end

Let us head over to the comex:

The total gold comex open interest FELL BY 1,065 CONTRACTS DOWN to an OI level of 423,608 DESPITE THE FACT THAT THE  PRICE OF GOLD ROSE $3.40 with YESTERDAY’S trading. We are now in the contract month of JANUARY and it is one of the poorest deliveries of the year.

With the front month of January we had a LOSS of 861 contracts DOWN to 153.  We had 875 notices filed so we GAINED 14 contracts or AN ADDITIONAL 1400 oz WILL STAND for gold in this non active delivery month of January. For the next big active delivery month of February we had a LOSS of 5,083 contracts DOWN to 275,537. March had a gain of 80 contracts as it’s OI is now 196.  We had considerable short covering yesterday as the bankers saw the writing on the wall.

We had 13 notice(s) filed upon today for 1300 oz

 
 
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And now for the wild silver comex results.  Total silver OI ROSE by 553 contracts FROM  163,812 UP TO 164,365 AS the price of silver ROSE BY $0.15 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 non active delivery month of January and here the OI ROSE by 2 contracts RISING TO  466. We had 1 notice(s) filed on yesterday so we GAINED 3 or an additional 15,000 oz will stand for delivery.  The next non active month of February saw the OI rise by 1 contract(s) up to 164.

The next big active delivery month is March and here the OI rose by 208 contracts UP to 133,789 contracts.

 

We had 110 notice(s) filed for 550,000 oz for the January contract.

 

VOLUMES: for the gold comex

Today the estimated volume was 277,631  contracts which is very good.

Yesterday’s confirmed volume was 202,711 contracts  which is very good

Initial standings for january
 Jan 5/2017.
 
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 
 
 
 
 
 
 4,147.35
HSBC
 
129 kilobars
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz 
 
 
 
 
 
 
 
  4147.35 oz
JPMorgan
 
129 kilobars
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
 
13 notice(s)
1300 oz
 
 
No of oz to be served (notices)
140 contracts
14,000 oz
 
Total monthly oz gold served (contracts) so far this month
 
1023 notices
102,300 oz
3.1819 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     4,539,015.7 oz
 
 
 
 
Today we HAD 2 kilobar transactions/
 
 
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 1  customer deposit(s):
Into JPMorgan:  4147.35 oz
129 kilobars
 
 
 
 
 
 
 
 
 
total customer deposits; 4147.35 oz
We had 1 customer withdrawal(s)
i) Out of HSBC: 4147.3 5 oz
total customer withdrawal: 4147.35 oz
We had 0  adjustment(s)
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For January:

Today, 0 notice(s) were issued from JPMorgan dealer account and 13 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.

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To calculate the initial total number of gold ounces standing for the JANUARY. contract month, we take the total number of notices filed so far for the month (1023) x 100 oz or 101,000 oz, to which we add the difference between the open interest for the front month of JANUARY (1153 contracts) minus the number of notices served upon today (13) x 100 oz per contract equals 116,300 oz, the number of ounces standing in this non  active month of JANUARY.
 
Thus the INITIAL standings for gold for the JANUARY contract month:
No of notices served so far (1023) x 100 oz  or ounces + {OI for the front month (153) minus the number of  notices served upon today (13) x 100 oz which equals 116,300 oz standing in this non active delivery month of JANUARY  (3.6174 tonnes)
On first day notice for January 2016, we had .9642 tonnes of gold standing. At the conclusion of the month we had only .5349 tonnes standing so you can visualize the increasing demand for physical gold a t the comex.
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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 13 months: 51 tonnes delivered upon for an average of 4.25 tonnes per month.
Here are the final deliveries for all of 2016 and the first month of January 2017
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.   29.931 tonnes
JAN/     3.5738 tonnes
total for the 13 months;  225.975 tonnes
average 17.382 tonnes per month vs last yr  51.534 tonnes total for 13 months or 3.964 tonnes average per month.
Total dealer inventor 1,561,744.896 or 48.556 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 9,117,885.513 or 283.60 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 283.60 tonnes for a  loss of 19  tonnes over that period.  Since August 8/2016 we have lost 70 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  70 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE DECEMBER DELIVERY MONTH
JANUARY INITIAL standings
 Jan 5. 2017
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 1,552,084.880 0z
Scotia
CNT
Brinks
Deposits to the Dealer Inventory
  157,596.400 OZ
CNT
Deposits to the Customer Inventory 
1,221,349.550 oz
CNT
JPM
Scotia
No of oz served today (contracts)
110 CONTRACT(S)
(550,000 OZ)
No of oz to be served (notices)
356 contracts
(1,780,000  oz)
Total monthly oz silver served (contracts) 307 contracts (1,535,000 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  6,764,118.1 oz
 END
today, we had 1 deposit(s) into the dealer account:
 i) Into CNT: 157,596.400 oz
total dealer deposit: 157,596.400 oz
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 3 customer withdrawal(s):
i) Out of CNT:  690,951.310 oz
ii) Out of Scotia:  606,264.130 oz
iii) Out of Brinks: 245,869.440
TOTAL CUSTOMER WITHDRAWALS: 1,552,084.880 oz
 we had 3 customer deposit(s):
 i) Into CNT:  14,581.5000  oz
ii) Into JPMorgan:  606,264.130 oz
iii) Into Scotia:  600,503.920 oz
total customer deposits;  1,221,349.550   oz
 
 
 we had 1  adjustment(s)
i) Out of CNT: 373,959.35 oz was adjusted out of the customer and this landed into the dealer account of CNT:
The total number of notices filed today for the JANUARY. contract month is represented by 110 contract(s) for 550,000 oz. To calculate the number of silver ounces that will stand for delivery in JANUARY., we take the total number of notices filed for the month so far at  307 x 5,000 oz  = 1,535,000 oz to which we add the difference between the open interest for the front month of JAN (466) and the number of notices served upon today (110) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the JANUARY contract month:  307(notices served so far)x 5000 oz +(466) OI for front month of JAN. ) -number of notices served upon today (110)x 5000 oz  equals  3,315,000 oz  of silver standing for the JAN contract month. This is  STILL huge for a non active delivery month in silver. We gained 3 contracts or an additional 15,000 oz will not stand.
At first day notice for the January/2016 silver contract month we had 1,845,000 oz standing for delivery.  By the conclusion of the delivery month we had only 575,000 oz stand.
Volumes: for silver comex
Today the estimated volume was 66,229 which is excellent
YESTERDAY’S  confirmed volume was 54,660 contracts  which is very good.
 
Total dealer silver:  28.582 million (close to record low inventory  
Total number of dealer and customer silver:   181.730 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
Jan 5/no change in gold inventory at the GLD/inventory rests at 813.87 tonnes
Jan 4/no change in inventory/inventory rests at 813.87 tonnes
Jan 3.2017/a huge 9.49 tonnes of gold leaves the GLD/inventory rests at 813.87 tonnes
DEC 30/no changes in gold inventory at the GLD/Inventory rests at 823.36 tonnes
Dec 29/no changes in gold inventory at the GLD/Inventory rests at  823.36 tonnes
Dec 28/no change in gold tonnage at the GLD/inventory rests at 823.36 tonnes
Dec 27/a withdrawal of 1.18 tonnes from the GLD/Inventory rests at 823.36 tonnes
Dec 23/NO CHANGES IN GOLD INVENTORY AT THE GLD/RESTS TONIGHT AT 824.54 TONNES
Dec 22/no change in inventory at the GLD/Inventory rests at 824.54 tonnes
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
 
 
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Jan 5/2017/ Inventory rests tonight at 813.87 tonnes
 
*IN LAST 62 TRADING DAYS: 135.94 TONNES REMOVED FROM THE GLD
*LAST 9 TRADING DAYS: 10.67 TONNES HAVE LEFT

end

Now the SLV Inventory
Jan 5/no changes in inventory at the SLV/Inventory rests at 341.199 million oz
Jan 4/a small withdrawal of 149,000 oz (probably to pay for fees/inventory rests at 341.199 million oz
Jan 3.2017/no changes in silver inventory at the SLV/Inventory rests at 341.348 million oz/
DEC 30/no changes in silver inventory at the SLV/inventory rests at 341.348 million oz/
Dec 29/no changes in silver inventory at the SLV/Inventory rests at 341.348 million oz
Dec 28/no changes in silver inventory at the SLV/Inventory at 341.348 million oz/
Dec 27/a big deposit of 1.138 million oz/Inventory rests at 341.348 million oz
Dec 23/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 340.210 MILLION OZ/
Dec 22/WE HAD A SMALL DEPOSIT OF 948,000 OZ INTO THE SLV/INVENTORY RESTS AT 340.210 MILLION OZ/
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/
.
Jan 5.2017: Inventory 341.199  million oz
 end

NPV for Sprott and Central Fund of Canada

1. Central Fund of Canada: traded at Negative 8.0 percent to NAV usa funds and Negative 7.8% to NAV for Cdn funds!!!! 
Percentage of fund in gold 60.9%
Percentage of fund in silver:38.8%
cash .+0.3%( jan 5/2017
.
2. Sprott silver fund (PSLV): Premium RISES to +.58%!!!! NAV (Jan 5/2017
3. Sprott gold fund (PHYS): premium to NAV RISES TO – 0.54% to NAV  ( Jan 5/2017)
Note: Sprott silver trust back  into POSITIVE territory at +0.58% /Sprott physical gold trust is back into NEGATIVE territory at -0.54%/Central fund of Canada’s is still in jail.