Germany Sends Out An SOS On Their Gold Reserves at the NY Fed! – Harvey Organ

Gold BundesbankLate tonight we received the report of movement of gold from the Federal Reserve Bank of New York:
Thus a total of 41 million dollars worth of gold left New York shores valued at 42.22 dollars per oz.
Since Germany is the only official country to have asked for the gold back you can be safe to assume that it is this country that is the recipient of the gold.
Germany must have sent out an extra SOS to get their gold back!!

 

GOLD AND SILVER RISE AGAIN DESPITE RAID ATTEMPTS BY BANKERS/SILVER OI RISES TO RECORD LEVELS/ STILL RECORD AMOUNT OF GOLD IS STANDING FOR AUGUST COMEX/MONTE DI PASCHI RESCUED BUT ALL OTHER ITALIAN BANKS CRASH!/ERDOGAN ISSUES FINAL ULTIMATUM TO GERMANY: GIVE TURKISH CITIZENS EU PASSES OR ELSE HE WILL FLOOD THE EU WITH REFUGEES/ BRAZIL GAMES SEE HUGE PROBLEMS: FIRES, THEFT AND MICROBES!/MORE TROUBLE FOR HILLARY!

Teddy Roosevelt 5 oz Silver ATB

Gold:1351.30 up $2.40

Silver 20.46  up 15 cents

In the access market 5:15 pm

Gold: 1353.00

Silver: 20.43

 

Sorry for being late but my computer crashed again..took a while to restore the data.

 

.

For the August gold contract month,  we had a HUGE  1801 notices served upon for 180,100 ounces.The total number of notices filed so far for delivery:  6829 for 682,900 oz or  tonnes or 21.241 tonnes

In silver we had 1 notice served upon for 5,000 oz. The total number of notices filed so far this month:  1 for 5,000 oz.

 
 

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A CONSIDERABLE  434 contracts UP to 223,343 AND AT ITS NEW ALL TIME RECORD AS THE  PRICE OF SILVER ROSE  BY 14 CENTS WITH FRIDAY’S TRADING.In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.114 BILLION TO BE EXACT or 160% of annual global silver production (ex Russia &ex China).

In silver we had 1 notice served upon for 5,000 oz

In gold, the total comex gold ROSE BY A CONSIDERABLE 5,186 contracts as  that the price of gold ROSE by $16.70 on Friday. The total gold OI stands at 568,778 contracts.

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

GLD

we had a big deposit of 35.94 tonnes in gold inventory . /

Total gold inventory rest tonight at: 964.03 tonnes

SLV

we had a huge change  in the SLV, a deposit of 1.235 million oz, into the SILVER INVENTORY TO THE SLV

Inventory rests at 350.955 million oz.

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

1. Today, we had the open interest in silver ROSE by 434 contracts UP to 223,343, as the price of silver ROSE BY 14 cents with FRIDAY’Strading. The gold open interest ROSE by A CONSIDERABLE  5,186 contracts UP to 568,778 as   the price of gold ROSE by $16.70 WITHFRIDAY’S TRADING.

(report Harvey).

 

2 a) Gold/silver trading overnight Europe, Goldcore

(Mark OByrne/zerohedge

2b  FRBNY report on earmarked gold removed from its vaults:

(Harvey)

3. ASIAN AFFAIRS

i)Late  SUNDAY night/MONDAY morning: Shanghai closed DOWN 25.95 POINTS OR 0.87%/ /Hang Sang closed UP 237.77 OR 1.09%. The Nikkei closed UP 66.50 POINTS OR 0.40% Australia’s all ordinaires  CLOSED up 0.45% Chinese yuan (ONSHORE) closed UP at 6.6432/Oil fell to 41.00 dollars per barrel for WTI and 42.32 for Brent. Stocks in Europe ALL IN THE RED EXCEPT THE GERMAN DAX . Offshore yuan trades  6.6467 yuan to the dollar vs 6.6467 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS SLIGHTLY AS CHINA TRIES TO STOP MORE USA DOLLARS LEAVING THEIR SHORES  

REPORT ON JAPAN  SOUTH KOREA AND CHINA

a) REPORT ON JAPAN

none today

b) REPORT ON CHINA

Strange data points today:

The China Manufacturing PMI basically remained constant just at the 50.00 level (no growth.  However the Caixin manufacturing pMI registered a huge gain rising to 50.6

Take your pick as to who you believe

( zero hedge)

4 EUROPEAN AFFAIRS

i)The stress test did not reveal all failed banks.  The large Portuguese bank BCP also failed and even though they did undergo the stress test, they failed:

( zero hedge)

ii)The full details on the rescue plan for Monte Paschi.  The problem here is that the deal cannot be replicated to the over Italian banks

( zero hedge)
 

iii)The Italian banks crashed today as everybody knew that they cannot be rescued( zero hedge)iv)Get a load of this:  Deutsche bank and Credit Suisse is kicked out of the Stoxx Europe 50

( zero hedge)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

i)What on earth is Erdogan up to?

( zero hedge)

ii)Erdogan issues an ultimatum to Germany for visas for Turkish citizens or else refugues flood Europe:

( zero hedge)

6.GLOBAL ISSUES

none

 

7.OIL ISSUES

i)Saudi slash oil prices.  Down goes oil

( zero hedge)

ii)Looks like our long oil boys are getting annihilated. Oil falls below 40.00 dollars

( zero hedge)

8.EMERGING MARKETS

i)Venezuela:

Are we going to witness a similar French revolution:  “Let them eat cake”

( zero hedge)

 

ii)Brazil:

 
We knew this was going to happen.
First Olympic village on fire
Second:Athletes robbed
Third:  dangerous viruses in the water
(zero hedge)
 

9.PHYSICAL STORIES

i) Alasdair Macleod’s important paper on BREXIT

(Alasdair Macleod

ii)An extremely important commentary from Ed Steer and Ted Butler as they analyze the COT report and show that even though the whole commercial gold COT covered some of their shorts (approx. 6500 contracts), the big 4 banks actually increased their shorts by 8400 contracts.  This can only mean that JPMorgan or HSBC came to the aid of a failing smaller bank like Morgan Stanley

( Ed Steer/Ted Butler)

iii)Craig Hemke sees what I see at the gold comex:

( Craig Hemke)

10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER

i)Take your pick as to which PMI or ISM data you think is right with respect to manufacturing

( zero hedge)

ii)Construction spending crashes to 5 yr lows

( zero hedge)

 

iii)The following is Hillary’s next headache as she orchestrated while Secretary of State an area of co operation with Russian to develop closer ties between Russian and the American people.  The city of Skolkovo was chosen and this city was develop medicines and other high tech stuff for the advancement of mankind.  The only problem is the fact that Skolkovo only developed stuff for the defense of Russia.  Hillary got tens of millions of dollars in donations to her Clinton foundation.

This will surely be a headache for her:

( zero hedge)

Let us head over to the comex:

The total gold comex open interest ROSE TO AN OI level of 568,778 for a GAIN of 5186 contracts as THE PRICE OF GOLD ROSE BY $16.70 with FRIDAY’S TRADING..   We are now in the active month of AUGUST. As I stated on Friday “Somebody big is continually standing for the gold metal despite the fact that July is  generally a poor delivery month. We  again witnessed the same scenario as in May  June and July whereby the front delivery month increases in OI standing for metal or a slight contraction We will no doubt see the same modus operandi in August.  The  big active contract month of August saw it’s OI FELL by 5883 contracts down to 8519,  We had 5028 notices filed upon on Friday so we lost 855 contracts or an additional 85,500 oz will not stand for delivery in August. The next contract month of Sept saw it’s OI rise by 110 contracts up to 10,342.The next active delivery month is October and here the OI fell by 564 contracts down to 45,895. The estimated volume today (which is just comex sales during regular business hours of 8:20 until 1:30 pm est) was  poor at 112,419. The confirmed volume  yesterday (which includes the volume during regular business hours + access market sales the previous day was VERY GOOD at 254,221 contracts.The comex is not in backwardation.
 
Today, we had  1801 notices filed for 180,100 oz in gold
 
And now for the wild silver comex results. Total silver OI ROSE by 434 contracts from 222,909 up to 223,343.  We are now at  an all time record high for silver open interest set ON MONDAY AUGUST 1: (223,343). The next non active month of August saw it’s OI RISE by 1 contract UP to 416. We had 0 notices served on Friday so we gained 1 contract or an additional 5,000 oz will stand in this non active delivery month of August. The next big active month is September and here the OI fell by 2287 contracts down to 154,025. The volume on the comex today (just comex) came in at 64,565 which is HUGE. The confirmed volume yesterday (comex + globex) was huge at 73,197 with tiny rollovers.. Silver is not in backwardation. London is in backwardation for several months.
 
 
We had 1 notice filed for today
 
INITIAL standings for AUGUST
 August 1.
Gold
Ounces
Withdrawals from Dealers Inventory in oz   nil OZ
Withdrawals from Customer Inventory in oz  nil
 
 
 32.15 oz
Brinks
1 kilobar
 
Deposits to the Dealer Inventory in oz  8,000.000 ozBrinks

???

Deposits to the Customer Inventory, in oz 
 204,100.700 oz
Brinks
 
 
 
No of oz served (contracts) today
1801 notices 
180,100 oz
No of oz to be served (notices)
6718 contracts
671,800 oz
 
Total monthly oz gold served (contracts) so far this month
6829 contracts (682,900 oz)
(21.241 tonnes)
Total accumulative withdrawals  of gold from the Dealers inventory this month   NIL
Total accumulative withdrawal of gold from the Customer inventory this month    32.15 OZ
My goodness we had aNOTHER huge amount of gold enter the vaults of the comex.
 
Today we had 1 dealer DEPOSIT
i) Into brinks:  8,000 oz???
How could this exact deposit happen. It is not kilobars as it is not divisible by 32.15
 
 
total dealer deposit:8,000    0z
 
Today we had  0 dealer withdrawals:
total dealer withdrawals:  nil oz
 
 
 
We had 1 customer deposit:
i) Into  Brinks: 204,100.700 oz
 
 
 
 
Total customer deposits:204,100.700 oz
 
 
 
Today we had 1 tiny customer withdrawals:????
 
i) Out of Brinks: 32.15 oz  (1 kilobar)
 
Total customer withdrawals  32.15 OZ ??
 
 
 
 
Today we had 0 adjustment:
 
 
 
Today, 0 notices was 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 1801 contracts of which 101 notices was stopped (received) by JPMorgan dealer and 438 notices was stopped (received)  by JPMorgan customer account. 
 
To calculate the initial total number of gold ounces standing for the AUGUST  contract month, we take the total number of notices filed so far for the month (6829) x 100 oz  or 682,900 oz , to which we  add the difference between the open interest for the front month of AUGUST  (8519 CONTRACTS) minus the number of notices served upon today (1801) x 100 oz   x 100 oz per contract equals 1,354,700 oz, the number of ounces standing in this active month. 
 
Thus the INITIAL standings for gold for the AUGUST contract month:
No of notices served so far (6829) x 100 oz  or ounces + {OI for the front month (8519) minus the number of  notices served upon today (1801) x 100 oz which equals 1,440,200 oz standing in this non   active delivery month of AUGUST  (42.136 tonnes).
 
 
 
 
 
 
 
 
 
 
Since the comex allows GLD shares to be used for settling, it may take quite a while for the physical gold to enter the comex vaults.  So far I have seen little evidence of any settling of contracts but I will continue to monitor it for you. 
 
 
We now have partial evidence of gold settling for last months deliveries We now have  +  6.889 TONNES FOR MAY + 49.09 TONNES FOR JUNE +  21.452 TONNES FOR JULY + 12.3917 + 42.136 tonnes Aug +  tonnes (April) +2.2311 tonnes (March) + 7.99 (total Feb)- .940 (probable delivery on March 1) tonnes -.0434 tonnes (March 11,12,17,18) + March 31: 1.2470 and then  April 1,2: – .0006 tonnes  and last week April 16.3203 and April 22 .(0009 tonnes) + april 29  .205 tonnes + May 5:  3.799 and May 6: 1.607 tonnes –MAY 12  .0003- May 18: 1.5635 tonnes-May 19/   2.535 tonnes-May 27 .0185 – .024 TONNES MAY 31 -jUNE 4: .5044 ; june 10 -.0008 / June 22:0.48 tonnes /June 23: 0489 tonnes, June 24..018; june 29 .036 tonnes; JUNE 30 2.49 /july 1 1778 tonnes, JULY 28 .089 TONNES / JULY 29 .128 TONNES/ THEREFORE 93.520 tonnes still standing against 66.082 tonnes available.
 
 Total dealer inventor 2,132,567.636 oz or 66.331 tonnes
Total gold inventory (dealer and customer) =10,930,840.689 or 330.09 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 339.99 tonnes for a  gain of 37  tonnes over that period. 
 
 
 

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 or hypothecated gold sent to other jurisdictions so that they will not be short in their derivatives like in England.  This would be similar to the gold used by Jon Corzine. If this is the case, this would be the greatest fraud perpetrated on USA soil.

 

 
 
 
 end
 
 
 
 
And now for silver
 
AUGUST INITIAL standings
 august 1.2016
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
997,047.960 oz
HSBC,,SCOTIA
 
 
Deposits to the Dealer Inventory
 
 nil
 
 
 
Deposits to the Customer Inventory
 
NIL
 
 
 
 
 
No of oz served today (contracts)
1 CONTRACTS 
(5,000 OZ)
No of oz to be served (notices)
415 contracts
2,075,000 oz)
Total monthly oz silver served (contracts) 1 contracts (5,000 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  1,953,243.9 oz
today we had 0 deposit into the dealer account:
 
 
 
total dealer deposit nil oz
 
we had 0 dealer withdrawal:
:
total dealer withdrawals:  NIL oz
 
we had 2 customer withdrawals:
i) Out of Scotia: 60,406.45 oz
 
iii) Out of HSBC: 936,641.510  oz
 
 
 
Total customer withdrawals: 997,047.960 oz
 
We had 0 customer deposit:
total customer deposits:  nil oz
 
 
 
 
 
 
 
 
 
 we had 1 adjustments
 
ii) Out of Delaware: 450,863.548 oz was adjusted out of the DEALER and this landed into the CUSTOMER account of Delaware.
 
 
 
 
The total number of notices filed today for the AUGUST contract month is represented by 1 contract for 5,000  oz. To calculate the number of silver ounces that will stand for delivery in AUGUST., we take the total number of notices filed for the month so far at (1) x 5,000 oz  = 5,000 oz to which we add the difference between the open interest for the front month of AUGUST (416) and the number of notices served upon today (1) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the AUGUST contract month:  1(notices served so far)x 5000 oz +(416 OI for front month of AUGUST ) -number of notices served upon today (1)x 5000 oz  equals  2,080,000 oz  of silver standing for the AUGUST contract month.
we gained one contract or an additional 5,000 oz will stand for delivery in this non active month of August.
 
 
 
 
 
 
 
Total dealer silver:  26.378 million (close to record low inventory  
 
Total number of dealer and customer silver:   153.092 million oz (close to a record low)
 
The total open interest on silver is NOW close to its all time high with the record of 223,343 being set July 28.2016.  The registered silver (dealer silver) is NOW NEAR  multi year lows as silver is being drawn out at both dealer and customer levels and heading to China and other destinations. The shear movement of silver into and out of the vaults signify that something is going on in silver.
 
 
 
 
 
END
 
 
 
 
 
 
 
 
And now the Gold inventory at the GLD
August 1/we had a huge paper deposit of 5.94 tonnes of gold into the GLD/Inventory rests at 964.03 tonnes
July 29/ we had a huge deposit of 3.86 tonnes into the GLD/inventory rests at 958.09 tonnes
July 28/no changes in gold inventory at the GLD/Inventory rests at 954.23 tonnes
July 27/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 954.23 TONNES
jULY 26./ANOTHER HUGE PAPER WITHDRAWAL OF 4.46 TONNES FROM THE GLD/INVENTORY RESTS AT 954.23 TONNES
JULY 25/ A HUGE PAPER WITHDRAWAL OF 4.45 TONNES FROM THE GLD/INVENTORY RESTS AT 958.69 TONNES
July 22/ no change in gold inventory at the GLD/Inventory rests at 963.14 tonnes
July 21/ a large withdrawal of gold inventory to the tune of 2.08 tonnes/Inventory rests at 963.14 tonnes
July 20./no changes in gold inventory at the GLD/Inventory rests at 965.22 tonese
July 19/no change in gold inventory at the GLD/Inventory rests at 965.22 tonnes
July 18./ a good sized deposit of 2.37 tonnes of gld into GLD/this is a paper gold entry/inventory rests at 965.22 tonnese
July 15./no change in gold inventory at the GLD/Inventory rests at 962.85 tonnes
July 14/a good sized withdrawal of 2.37 tonnes from the GLD/this would be a “paper withdrawal”/inventory rests tonight at 962.85 tonnes..
July 13/ we had a huge paper withdrawal of 15.98 tonnes of gold from the GLD/inventory rests at 965.22 tonnes.
July 12/we had no changes in gold inventory at the GLD/Inventory rests at 981.20 tonnes
July 11/no changes in gold inventory at the GLS/Inventory rests at 981.20 tonnes
JULY 8/ A  good sized deposit of 2.91 tonnes into the GLD/Inventory rests at 981.20
July 7/a good sized withdrawal of 4.15 tonnes from the GLD/Inventory rests at 978.29 tonnes (this was nothing but a paper entry/no physical moved)
 
JULY 6/WHAT A FRAUD!! A MASSIVE 28.53 TONNES OF PAPER GOLD ADDED INTO THE GLD
July 5/no change in inventory/rests tonight at 982.44
 
 
 
 
 
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August 1/ Inventory rests tonight at 964,03  tonnes
 

end

 
 
Now the SLV Inventory
August 1/we had a huge paper deposit of 1.235 million oz into the SLV/Inventory rests at 350.955 million oz
July 29/we had no change in silver inventory/inventory rests at 349.720 million oz
July 28/we had 1.14 million oz of additional silver added to the SLV/Inventory rests at 349.720 million oz
July 27/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 348.580 MILLION OZ
jULY 26/NO CHANGE IN SILVER INVENTORY AT THE slv/INVENTORY RESTS AT 348.580 MILLION OZ
JULY 25/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 348.580 MILLION OZ
July 22/we had no change in silver inventory at the SLV.Inventory rests at 348.580 million oz/
July 21/no change in silver inventory at the SLV/Inventory rests at 348.580 million oz
July 20/no change in silver inventory at the SLV/Inventory rests at 348.580 million oz
July 19/no change in silver inventory at the SLV/Inventory rests at 348.580 million oz
July 18/no change in silver inventory at he SLV/inventory restss at 348.580 million oz
July 15/ no change in  silver inventory at the SLV/Inventory rests at 348.580 million oz
July 14/no changes in silver inventory at the SLV/Inventory rests at 348.580 million oz/
July 13./ a huge addition of 5.187 million oz into silver inventory at the SLV/ this is a paper addition as inventory rests at 348.580 million oz
July 12/ a huge addition of 1.94 million oz into silver inventory at the SLV/a “paper” addition/inventory rests at 343.393 million oz
July 11/no changes in silver inventory/rests tonight at 341.453 million oz
JULY 8/no change in silver inventory/rests tonight at 341.453 million oz
July 7./no change in silver inventory/inventory rests at 341.453 million oz
JULY 6/AND ANOTHER FRAUD!! A MASSIVE 7.909 MILLION OZ ADDED INTO THE SLV/INVENTORY RESTS AT 341.453 MILLION OZ
july 5/no change in silver inventory/inventory rests at 333.554 milllion oz
 
 
 
.
August 1.2016: Inventory 349.720 million oz
 
 
 
 

NPV for Sprott and Central Fund of Canada

 
 
1. Central Fund of Canada: traded at Negative 2.0 percent to NAV usa funds and Negative 2.3% to NAV for Cdn funds!!!!  (the discount is starting to disappear)
Percentage of fund in gold 59.0%
Percentage of fund in silver:39.8%
cash .+1.2%( August 1/2016). Holiday today in Canada 
 
2. Sprott silver fund (PSLV): Premium falls  to +1.15%!!!! NAV (august 1/2016) 
3. Sprott gold fund (PHYS): premium to NAV  falls TO  1.14% to NAV  ( august 1/2016)
Note: Sprott silver trust back  into POSITIVE territory at +1.15% /Sprott physical gold trust is back into positive territory at 1.14%/Central fund of Canada’s is still in jail.
 
 
 

end

FEDERAL RESERVE BANK OF NEW YORK EAR MARKED GOLD REPORT:

Late tonight we received the report of movement of gold from the Federal Reserve Bank of New York:

In the previous month we had 7951 million dollars worth of gold in inventory valued at 42.22 dollars per oz.

Tonight the FRBNY reports that we had 7910 million dollars worth of gold inventory valued at $42.22 per oz.

Thus a total of 41 million dollars worth of gold left New York shores valued at 42.22 dollars per oz.

Thus in oz, the amount exported out of NY:

971,103.7 oz  or 30.205 tonnes

Since Germany is the only official country to have asked for the gold back you can be safe to assume that it is this country that is the recipient of the gold.

Germany must have sent out an extra SOS to get their gold back!!.