Harvey Organ: Bankers Continue Their Attempts To Contain Gold & Silver At The Start Of April

Trading volume is up due to the raids, and the CME isn’t even releasing inventory movement data because it can’t balance its crooked books. Here’s more…

by Harvey Organ of Harvey Organ Blog

APRIL 1/BANKERS CONTINUE IN THEIR ATTEMPT TO CONTAIN GOLD/SILVER: GOLD DOWN $3.80 TO $1289.55//SILVER DOWN ONE CENT TO $15.11//MARKETS GET A LIFT FROM STRONG CHINESE PMI AFTER THEIR BRIEF STIMULUS LAST MONTH//ANDREW MAGUIRE IN KINGWORLD NEWS OUTLINES HOW THE CROOKED BANKERS CRIMINALLY USE THEIR SPREADING POSITIONS TO WHACK GOLD/SILVER DURING OPTION EXPIRY WEEK//RETAIL SALES IN THE USA IS WEAK: REPORTING A DROP OF .2% MONTH/OVER//MORE SWAMP STORIES FOR YOU TONIGHT///

GOLD: $1289.55  DOWN $3.80 (COMEX TO COMEX CLOSING)

Silver:  $15.11 DOWN 1 CENT (COMEX TO COMEX CLOSING)

Closing access prices:

Gold :  $1287.60

 

silver: $15.11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For comex gold and silver:

it seems that this month JPMorgan and Goldman Sachs are not stopping anything:

APRIL 0/858

yet JPM issued 700/823

EXCHANGE: COMEX
CONTRACT: APRIL 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,293.000000000 USD
INTENT DATE: 03/29/2019 DELIVERY DATE: 04/02/2019
FRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
104 C MIZUHO 1
323 C HSBC 3
657 C MORGAN STANLEY 2
657 H MORGAN STANLEY 204
661 C JP MORGAN 700
686 C INTL FCSTONE 17 4
690 C ABN AMRO 53 15
737 C ADVANTAGE 26 35
800 C MAREX SPEC 16 19
880 H CITIGROUP 544
905 C ADM 6 1
____________________________________________________________________________________________

TOTAL: 823 823
MONTH TO DATE: 1,780

 

 

NUMBER OF NOTICES FILED TODAY FOR  APRIL CONTRACT: 823 NOTICE(S) FOR 82300 OZ (2.559 tonnes

TOTAL NUMBER OF NOTICES FILED SO FAR:  1780 NOTICES FOR 178,000 OZ  (5.5365 TONNES)

 

 

SILVER

 

FOR APRIL

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413 NOTICE(S) FILED TODAY FOR 2,065,000  OZ/

 

total number of notices filed so far this month: 554 for 2,770,000  oz

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Bitcoin: OPENING MORNING TRADE $4128:UP $26

 

Bitcoin: FINAL EVENING TRADE: $4151  UP 33

 

end

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JPMorgan or Goldman Sachs are taking a huge issuance (stopping) of gold at the comex.

today

 

 

 

 

Let us have a look at the data for today

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In silver, the total OPEN INTEREST FELL ON FRIDAY  :  THIS TIME BY A STRONG  SIZED1692 CONTRACTS FROM 194,082 DOWN TO 195,711 DESPITE FRIDAY’S 12 CENT RISE IN SILVER PRICING AT THE COMEX.  TODAY WE ARRIVED CLOSER TO AUGUST’S 2018  RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS. WE MUST HAVE HAD  CONSIDERABLE SHORT COVERING AGAIN TODAY.

 

WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP’S.  WE WERE  NOTIFIED  THAT WE HAD A STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDONTHROUGH THE EFP:

EFP’S FOR MARCH,  0 FOR APRIL,  0 FOR MAY, 3119 FOR MARCH 2020  0 AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE: OF 3119 CONTRACTS. WITH THE TRANSFER OF 3119 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. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24-48 HRS IN THE ISSUING OF EFP’S. THE 3119 EFP CONTRACTS TRANSLATES INTO 15.59 MILLION OZ  ACCOMPANYING:

1.THE 12 CENT FALL IN SILVER PRICE AT THE COMEX AND

2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST NINE MONTHS:

JUNE/2018. (5.420 MILLION OZ);

FOR JULY: 30.370 MILLION OZ

FOR AUG., 6.065 MILLION OZ

FOR SEPT. 39.505 MILLION  OZ S

FOR OCT.2.525 MILLION OZ.

FOR NOV:  A HUGE 7.440 MILLION OZ STANDING  AND

21.925 MILLION OZ FINALLY STAND FOR DECEMBER.

5.845 MILLION OZ STAND IN JANUARY.

2.955 MILLION OZ STANDING FOR FEBRUARY.:

27.120 MILLION OZ STANDING IN MARCH.

AND NOW 3.565 MILLION OZ STANDING FOR SILVER IN APRIL.

 

 

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF APRIL:

6431 CONTRACTS (FOR 1 TRADING DAYS TOTAL 6431 CONTRACTS) OR 32.155 MILLION OZ: (AVERAGE PER DAY: 3215 CONTRACTS OR 16.077 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF MAR:  32.155 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 4.59% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*  JUNE’S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP’S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.

ACCUMULATION IN YEAR 2019 TO DATE SILVER EFP’S:          588.28    MILLION OZ.

JANUARY 2019 EFP TOTALS:                                                      217.455. MILLION OZ

FEB 2019 TOTALS:                                                                       147.4       MILLION OZ/

MARCH 2019 TOTAL EFP ISSUANCE:                                           207.835   MILLION OZ

 

 

RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1359DESPITE THE 12 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY..THE CME NOTIFIED US THAT WE HAD   A STRONG SIZED EFP ISSUANCE OF 3119 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER (SEE COMEX DATA) .

TODAY WE GAINED A VERY CONSIDERABLE SIZED: 1760 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: 

i.e 3119 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH DECREASE OF1359 OI COMEX CONTRACTS. AND ALL OF THIS  DEMAND HAPPENED WITH A 12 CENT GAIN IN PRICE OF SILVER ????  AND A CLOSING PRICE OF $15.12 WITH RESPECT TO YESTERDAY’S TRADING. YET WE HAVE A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY 

 

 

In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. 0.988 BILLION OZ TO BE EXACT or 141% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 413 NOTICE(S) FOR  2,065,000 OZ OF SILVER

IN SILVER,PRIOR TO TODAY, WE  SET THE NEW COMEX RECORD OF OPEN INTEREST AT 243,411 CONTRACTS ON APRIL 9.2018.  AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51.  

AND NOW WE RECORD FOR POSTERITY ANOTHER ALL TIME RECORD OPEN INTEREST AT THE COMEX OF 244,196 CONTRACTS ON AUGUST 22/2018 AND AGAIN WHEN THIS RECORD WAS SET, THE PRICE OF SILVER WAS $14.78 AND LOWER IN PRICE THAN PREVIOUS RECORDS.

ON THE DEMAND SIDE WE HAVE THE FOLLOWING:

  1. HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY  (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ  MAY: 36.285 MILLION OZ ; JUNE/2018  (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ   )  FOR AUGUST 6.065 MILLION OZ. , SEPT:  A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz  NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ   JANUARY AT  5.825 MILLION OZ.AND FEB 2019:  2.955 MILLION OZ/ MARCH: 27.120 MILLION OZ/ AND NOW APRIL AT 3.565 MILLION OZ/
  2. HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018) AND NOW AUGUST 22/2018:  244,196 CONTRACTS,  WITH A SILVER PRICE OF $14.78.
  3. HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017
  4. RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLIONOZ/  AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ

AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND.  TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN  (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT).

 

IN GOLD, THE OPEN INTEREST FELL BY ANOTHER UNBELIEVABLE SIZED 10,465 CONTRACTS, TO 445,714 DESPITE THE RISE IN THE COMEX GOLD PRICE/(A GAIN IN PRICE OF $2.70//FRIDAY’S TRADING).

WE JUST HAD OUR FOURTH STRAIGHT DAY OF AN OPEN INTEREST COLLAPSE DUE TO THE ANTICS OF THE SPREADERS. IT LOOKS LIKE THE SPREADERS LIQUIDATE THEIR CONTRACTS NOT SIMULTANEOUSLY BUT AT DIFFERENT TIMES DURING THE TRADING DAY TO CAUSE THE CASCADE OF PRICING IN OUR PRECIOUS METALS AND THAT IS HOW THEY ALWAYS WIN ON OPTION EXPIRY..THEY ARE SO CROOKED. AT THE END OF THE DAY THEY ELIMINATE THE OTHER HALF OF THE SPREAD TRADE. THE COLLAPSE OF OPEN INTEREST SHOULD END WITH THIS READING AND ADVANCE FROM TUESDAY ON..

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A STRONG SIZED 7,677 CONTRACTS:

APRIL 0 CONTRACTS,JUNE: 7,677 CONTRACTS DECEMBER: CONTRACTS, JUNE 2020l  100CONTRACTS AND ALL OTHER MONTHS ZERO.  The NEW COMEX OI for the gold complex rests at 445.714. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . 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 NET LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2788 CONTRACTS: 10,465 OI CONTRACTS DECREASED AT THE COMEX AND 7,677 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS OF 2788 CONTRACTS OR 278800 OZ OR  8.617 TONNES. FRIDAY WE HAD A RISE IN THE PRICE OF GOLD TO THE TUNE OF $2.70….AND YET WITH THAT, WE HAD A STRONG LOSS IN TONNAGE OF 8.617 TONNES!!!!!!. (HOWEVER ALL OF THE COMEX LOSS IS NO DOUBT DUE TO THE LIQUIDATION OF THE SPREADERS ALBEIT AT DIFFERENT TIMES DURING THE DAY)

 

 

 

 

 

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF APRIL : 7677 CONTRACTS OR 767,700 OR 23.87 TONNES (1 TRADING DAYS AND THUS AVERAGING: 7677 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 1 TRADING DAYS IN  TONNES: 23.87 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES

THUS EFP TRANSFERS REPRESENTS 23.87/2550 x 100% TONNES = 0.936% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***

ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE:     1396.59 TONNES

JANUARY 2019 TOTAL EFP ISSUANCE;   531.20 TONNES

FEB 2019 TOTAL EFP ISSUANCE:             344.36 TONNES

MARCH 2019 TOTAL EFP ISSUANCE:       497.16 TONNES

 

 

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS.  ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM.  IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE

 

 

Result: A STRONG SIZED  DECREASE IN OI AT THE COMEX OF 10,465 DESPITE THE GAIN IN PRICING ($2.70) THAT GOLD UNDERTOOK YESTERDAY) //.WE ALSO HAD A VERY STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7,677 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED.   THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX.  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 7677 EFP CONTRACTS ISSUED, WE  HAD A TINY GAIN OF 107 CONTRACTS IN TOTAL OPEN INTEREST  ON THE TWO EXCHANGES:

7677 CONTRACTS MOVE TO LONDON AND 10,465 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE LOSS IN TOTAL OI EQUATES TO 8.6718 TONNES). ..AND ALL OF THIS LACK OF DEMAND OCCURRED WITH A RISE IN PRICE OF $2.70 IN YESTERDAY’S TRADING AT THE COMEX!!!!! HOWEVER THERE IS NO DOUBT THAT AGAIN WE HAD CONSIDERABLE LIQUIDATION OF SPREADERS AS WE LANDED INTO FIRST DAY NOTICE AND AN ACTIVE DELIVERY MONTH AND IT IS THEIR ACTION THAT LED TO A FALL IN PRICE SO UNDERWRITTEN CONTRACTS WOULD NOT BE EXERCISED. THIS IS HOW THE CROOKS WIN ALWAYS ON OPTIONS EXPIRY.

 

 

 

we had:  823 notice(s) filed upon for 82,300 oz of gold at the comex.

 

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

GLD…

 

WITH GOLD DOWN $3.80  TODAY

 

VERY STRANGE!! AGAIN NO CHANGES IN GOLD INVENTORY

I GUESS THEY CANNOT FIND ANY PHYSICAL METAL AT THE COMEX!!

 

 

 

 

 

 

 

 

INVENTORY RESTS AT 784.26 TONNES

 

TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD.  IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY

 

SLV/

WITH SILVER DOWN 1 CENT  IN PRICE  TODAY:

WE LOST 656,000 OZ THROUGH A WITHDRAWAL

 

 

 

/INVENTORY RESTS AT 309.301 MILLION OZ.

Let us head over to the comex:

 

THE TOTAL COMEX GOLD OPEN INTEREST COLLAPSED FOR THE 4TH STRAIGHT DAY AS IT FELL BY A STRONG SIZED 10,465 CONTRACTS DOWN TO A LEVEL OF 445,714 DESPITE THE GAIN IN THE PRICE OF GOLD ($2.70) IN FRIDAY’S // COMEX TRADING) AND NO DOUBT WE WITNESSED OUR USUAL AND CUSTOMARY DEPLETION OF SPREADERS AS WE LANDED INTO FIRST DAY NOTICE OF AN ACTIVE DELIVERY MONTH!! THEIR MODUS OPERANDI IN THEIR LIQUIDATION CAUSES PRICES TO FALL AND MAKE OPTIONS EXPIRE WORTHLESS!! THEY LIQUIDATE THE SELL SIDE FIRST TO CAUSE THE CASCADE, THEN USE THE SECOND LEG OF THE SPREAD TO BALANCE THEIR TRADE.  THEY USE THIS TO HIDE POSITION LIMITS.

WE ARE NOW IN THE  ACTIVE DELIVERY MONTH OF APRIL..  THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED  TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 7677 EFP CONTRACTS WERE ISSUED:

FOR APRIL 0 FOR JUNE ’19: 7677 CONTRACTS , DEC; 0 CONTRACTS: 0 AND  ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  7677 CONTRACTS.

THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS. ALSO REMEMBER THAT THERE IS NO DOUBT A HUGE DELAY IN THE ISSUANCE OF EFP’S AND IT PROBABLY TAKES AT LEAST  48 HRS AFTER LONGS GIVE UP THEIR COMEX CONTRACTS FOR THEM TO RECEIVE THEIR EFP’S AS THEY ARE NEGOTIATING THIS CONTRACT WITH THE BANKS FOR A FIAT BONUS PLUS THEIR TRANSFER TO A LONDON BASED FORWARD.

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES:2788 TOTAL CONTRACTS IN THAT 7677 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST AN STRONG SIZED 10,465 COMEX CONTRACTS. ( AND MOST OF THE LOST WAS FROM THE SPREADERS)

 

NET LOSS ON THE TWO EXCHANGES ::2788 contracts OR 278,800 OZ OR 8.67 TONNES.

 

We are now in the active contract month of APRIL and here the open interest stands at 28010 contracts, having lost 1070 contracts.

We had 957 notices filed on Friday, so we LOST 113 contracts or an additional 11,300 oz will NOT stand as these guys morphed into London based forwards as well as accepting a fiat bonus

 

The next non active delivery month after  APRIL is the NON active delivery month is MAY and here the OI lost 1214 contracts DOWN to 2014 contracts. The next contract month after May is June and it is an active month.  Here the open interest FELL by 8999 contracts DOWN to 331,194 contracts.

 

TODAY’S NOTICES FILED:

WE HAD 823 NOTICES FILED TODAY AT THE COMEX FOR 82,300 OZ. (2.559 tonnes)

 

 

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And now for the wild silver comex results.

Total COMEX silver OI FELL BY A STRONG SIZED 1692 CONTRACTS FROM 194,082 UP TO 195,711(AND CLOSER TO THE NEW RECORD OI FOR SILVER SET ON AUGUST 22.2018.  THE PREVIOUS RECORD WAS SET APRIL 9.2018/ 243,411 CONTRACTS) AND TODAY’S STRONG OI COMEX GAIN  OCCURRED DESPITE A 12 CENT RISE IN PRICING.//FRIDAY

 

 

WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF APRIL AND THE  OPEN INTEREST IN THIS FRONT MONTH RESTS AT 572 CONTRACTS FOR A LOSS OF 134 CONTRACTS ON THE DAY.

WE HAD 141 NOTICES SERVED UP ON FRIDAY, SO WE GAINED  7 CONTRACTS OR AN ADDITIONAL 35,000 OZ OF SILVER WILL STAND AT THE COMEX AS THEY REFUSED TO MORPH INTO LONDON BASED FORWARDS AS WELL AS NEGATING A FIAT BONUS.

 

AFTER APRIL, WE HAVE THE ACTIVE DELIVERY MONTH OF MAY AND HERE THE OI FELL BY 3469 CONTRACTS DOWN TO 133,449. CONTRACTS..  WE NOW HAVE OUR FIRST OPEN INTEREST FOR JUNE 2019 TO TOTAL ONE CONTRACT.  AFTER JUNE, THE VERY BIG DELIVERY MONTH OF JULY HAD A GAIN OF 1687 CONTRACTS UP TO 35,237 CONTRACTS.

 

 

 

 

 

 

ON A NET BASIS WE GAINED A STRONG 1427 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED A1692 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 3119 OI CONTRACTS NAVIGATING OVER TO LONDON.

NET GAIN ON THE TWO EXCHANGES:  1427 CONTRACTS…AND ALL OF THIS STRONG  DEMAND OCCURRED WITH A 12 CENT GAIN IN PRICING// FRIDAY

 

 

 

 

 

 

 

 

 

TODAY’S NUMBER OF NOTICES FILED:

 

We, today, had 141 notice(s) filed for 705,000OZ for the MARCH, 2019 COMEX contract for silver

Trading Volumes on the COMEX TODAY:  223,122  CONTRACTS

 

 

CONFIRMED COMEX VOL. FOR YESTERDAY:  279,462  contracts (volume high due to raid)

 

 

 

 

 

 

INITIAL standings for  APRIL/GOLD

APRIL 1 /2019.

inventory movements not given today by the CME as they cannot balance any of the crooked data!!

we had xxx dealer entries:

 

total dealer deposits: nil oz

total dealer withdrawals: xxx oz

We had xxx kilobar entries

 

we had xx deposit into the customer account

i) Into JPMorgan:  nxx oz

 

ii) Into everybody else:  xxx

 

total gold deposits: nxxx oz

 

 very little gold arrives from outside/ zero amount today

we had xxx gold withdrawals from the customer account:

 

i)xx

 

total gold withdrawals;  xxx oz

 

we had xx adjustments…

FOR THE APRIL 2019 CONTRACT MONTH)

Today, 700 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to  0 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account and 0 notices by the squid  (Goldman Sachs)

 

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To calculate the INITIAL total number of gold ounces standing for the APRIL /2019. contract month, we take the total number of notices filed so far for the month (1780) x 100 oz , to which we add the difference between the open interest for the front month of APRIL. (2810 contract) minus the number of notices served upon today (823 x 100 oz per contract) equals 376600 OZ OR 11.713 TONNES) the number of ounces standing in this active month of APRIL

Thus the INITIAL standings for gold for the APRIL/2019 contract month:

No of notices served (1780 x 100 oz)  + (2810)OI for the front month minus the number of notices served upon today (823 x 100 oz )which equals 376,700oz standing OR 11.716 TONNES in this  active delivery month of APRIL.

WE LOST 106 CONTRACTS OR 10600 OZ WILL NOT STAND AT THE COMEX AND THESE GUYS MORPHED INTO LONDON BASED FORWARDS.(AS WELL AS ACCEPTING A FIAT BONUS FOR THEIR EFFORTS)

 

 

SURPRISINGLY LITTLE GOLD HAS BEEN ENTERING THE COMEX VAULTS AND WE HAVE WITNESSED THIS FOR THE PAST YEAR!!  WE HAVE ONLY 11.388 TONNES OF REGISTERED (  GOLD OFFERED FOR SALE)

 

 

 

 

 

total registered or dealer gold:  365,292.815 oz or  11.362 tonnes
total registered and eligible (customer) gold;   8,034,021.799 oz 249.89 tonnes

FOR COMPARISON FIRST DAY NOTICE FOR APRIL 2018 AND FINAL STANDING APRIL 30 2018

AT FIRST DAY NOTICE APRIL 1.2018:  19.897 TONNES STOOD FOR DELIVERY

AT CONCLUSION APRIL 30/2018:  ONLY 4.6407 TONNES STOOD AS THE REST MIGRATED TO LONDON THROUGH EFP’S.  IT LOOKS LIKE WE ARE GOING TO HAVE A REPEAT OF LAST YEAR WHERE MANY MORPH TO LONDON BECAUSE THERE IS NO METAL AT THE COMEX.

 

IN THE LAST 30 MONTHS 105 NET TONNES HAS LEFT THE COMEX.

 

THE GOLD COMEX IS NOW IN STRESS AS
1. GOLD IS LEAVING THE COMEX
2. GOLD IS LEAVING THE REGISTERED CATEGORY OF THE COMEX.

end

And now for silver

AND NOW THE  DELIVERY MONTH OF APRIL

INITIAL  standings/SILVER

we had xx inventory movement at the dealer side of things

 

 

total dealer deposits: nxxx  oz

total dealer withdrawals: xx oz

we had  xxx deposits into the customer account

 

i) Into JPMorgan:  xxx  oz

 

*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.

JPMorgan now has 147.825 million oz of  total silver inventory or 49.12% of all official comex silver. (147 million/300.8 million)

 

i) Into everybody else:  xx

 

 

 

 

 

 

 

 

 

total customer deposits today:  nxxx  oz

 

we had xx withdrawals out of the customer account:

 

 

 

 

 

 

 

 

 

 

total withdrawals: xxx  oz

 

we had xx adjustments..and this is what i want to see to indicate settlements.  (yet nothing for gold)

 

 

total dealer silver:  88.475million

total dealer + customer silver:  304.945 million oz

 

The total number of notices filed today for the APRIL 2019. contract month is represented by 413 contract(s) FOR  2,065,000  oz

To calculate the number of silver ounces that will stand for delivery in APRIL, we take the total number of notices filed for the month so far at 554 x 5,000 oz = 2,770,000 oz to which we add the difference between the open interest for the front month of APRIL. (572) and the number of notices served upon today (413 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the APRIL/2019 contract month: 554(notices served so far)x 5000 oz + OI for front month of APRIL( 572) -number of notices served upon today (413)x 5000 oz equals 3,565,000 oz of silver standing for the APRIL contract month.  This is a strong number of oz standing for an off delivery month.

We gained 7 contracts or an additional 35,000 oz will stand at the comex as these guys refused to morph into London based forwards as well as negating a fiat bonus.

 

 

 

FOR COMPARISON VS LAST YEAR:

 

 

ON  FIRST DAY NOTICE MARCH 29/2018: WE HAD 1,805,000 OZ STAND FOR DELIVERY FOR THE  APRIL 2018 DELIVERY MONTH

AT CONCLUSION OF APRIL 2018: 2,485,000 OZ STOOD FOR DELIVERY AS QUEUE JUMPING WAS ALREADY WELL DEVELOPED IN SILVER. (APRIL IS A NON ACTIVE SILVER DELIVERY MONTH)

 

 

 

 

 

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TODAY’S SILVER VOLUME:  73,348 CONTRACTS

 

 

 

CONFIRMED VOLUME FOR YESTERDAY: 94,481 CONTRACTS… (volume high due to raid)

 

 

 

 

 

YESTERDAY’S CONFIRMED VOLUME OF 94,481 CONTRACTS EQUATES to 472 million OZ  67.40% 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.

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 

1. Sprott silver fund (PSLV): NAV FALLS TO -2.53% (APRIL 1/2019)
2. Sprott gold fund (PHYS): premium to NAV FALLS TO -0.83% to NAV (APRIL 1/2019 )
Note: Sprott silver trust back into NEGATIVE territory at -2.53%-/Sprott physical gold trust is back into NEGATIVE/

(courtesy Sprott/GATA)

3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):

NAV 12.95/TRADING 12.45/DISCOUNT 3.89

END

And now the Gold inventory at the GLD/

APRIL 1/WITH GOLD DOWN $3.80: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 784.26 TONNES

MARCH 29/WITH GOLD UP $2.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 784.26 TONNES

MARCH 28/WITH GOLD DOWN $20.60: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 784.26 TONNES

 

MARCH 27/SURPRISING! WITH GOLD DOWN AGAIN BY $4.05, THE CROOKS NEEDED TO PUT GOLD BACK INTO THE GLD: THEY ADDED 3.23 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 784.26 TONNES

MARCH 26/WITH GOLD DOWN $7.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 781.03 TONNES

MARCH 25/WITH GOLD UP $9.85: A STRONG 2.94 TONNES DEPOSIT INTO THE GLD/INVENTORY RESTS AT 781.03 TONNES

MARCH 22/WITH GOLD UP $5.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 778.09 TONNES

MARCH 21/WITH GOLD UP $7.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 778.09 TONNES

March 20/WITH GOLD DOWN $5.15 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 778.09 TONNES

MARCH 19/WITH GOLD UP $4.60 TODAY: A MASSIVE 8.23 TONNES OF PAPER GOLD ADDED TO THE GLD INVENTORY/INVENTORY RESTS AT 779.27 TONNES AND THEN A WITHDRAWAL OF 1..18 TONNES OF GOLD REMOVED:  TOTAL GLD INVENTORY REMAINING:  778.09 TONNES

MARCH 18/WITH GOLD DOWN  $0.70: A BIG CHANGE TODAY: A WITHDRAWAL OF 1.32 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 771.04 TONNES

MARCH 15/WITH GOLD UP $7.50 TODAY; NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 772.46 TONNES

MARCH 14/WITH GOLD DOWN $13.60 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 772.46 TONNES

MARCH 13/WITH GOLD UP $11.10 TODAY: A HUGE DEPOSIT AGAIN OF 2.93 TONNES INTO THE GLD INVENTORY/INVENTORY RESTS AT 772.46 TONNES

MARCH 12/WITH GOLD UP $7.00: A HUGE DEPOSIT OF 2.94 TONNES OF GOLD INTO THE GLD INVENTORY/INVENTORY RESTS AT 769.53 TONNES

MARCH 11/WITH GOLD DOWN $8.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 766.59 TONNES

MARCH 8/WITH GOLD UP $13.40: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 766.59 TONNES

MARCH 7/WITH GOLD DOWN $1.40 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 766.59 TONNES

MARCH 6/WITH GOLD UP $3.30 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 766.59 TONNES

MARCH 5/WITH GOLD DOWN ONLY $1.70: A HUGE WITHDRAWAL OF 5.87 TONNES FROM THE GLD INVENTORY AND THIS GOLD HAS BEEN USED IN THE WHACKING PROCESS YESTERDAY AND TODAY/INVENTORY RESTS AT 766.59 TONNES

MARCH 4/WITH GOLD ANOTHER $12.50 TODAY: A HUGE WITHDRAWAL OF 11.76 TONNES FROM THE GLD INVENTORY//INVENTORY RESTS AT 772.46 TONNES

MAR 1/WITH GOLD DOWN $16.90 TODAY; A HUGE WITHDRAWAL OF 4.11 TONNES FROM THE GLD INVENTORY//INVENTORY RESTS AT 784.22 TONNES

FEB 28/WITH GOLD DOWN $4.80: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 788.33

FEB 27/WITH GOLD DOWN $6.80: NO CHANGE IN GOLD INVENTORY//INVENTORY RESTS AT 788.33 TONNES

FEB 26  WITH GOLD DOWN $1.10: A WITHDRAWAL OF 1.18 TONNES FROM THE GLD INVENTORY/INVENTORY RESTS AT 788.33

FEB 25/WITH GOLD DOWN $3.10: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 789.51 TONNES

 

FEB 22/WITH GOLD UP $5.15 A HUGE WITHDRAWAL OF 4.99 TONNES OF GOLD FROM THE GLD INVENTORY/INVENTORY RESTS AT 789.51 TONNES

FEB 21/WITH GOLD DOWN $19.50/ A SURPRISE GAIN (DEPOSIT) OF 2.05 TONNES INTO THE GLD INVENTORY/INVENTORY RESTS AT 794.50 TONNES

FEB 20/WITH GOLD UP $3.10 TODAY: SURPRISINGLY NO CHANGE IN GOLD INVENTORY/GLD INVENTORY RESTS AT 792.45 TONNES

FEB 19/WITH GOLD UP $22.95/ TWO TRANSACTIONS: A HUGE 3.82 TONNES OF GOLD WITHDRAWAL FROM THE GLD THIS MORNING AND THEN  0.58 TONNES THIS AFTERNOON///INVENTORY RESTS AT 792,45 TONNES. FROM FEB 1/2019 UNTIL TODAY, GOLD IS UP $24.25 AND YET GOLD WITHDRAWALS ARE A HUGE 31.42 TONNES/THIS IS CRIMINAL!!

FEB 15/WITH GOLD UP $8.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 796.85 TONNES

 

 

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APRIL 1/2019/ Inventory rests tonight at 784.26 tonnes

*IN LAST 570 TRADING DAYS: 150.69 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 470 TRADING DAYS: A NET 16.13 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.

 

end

 

Now the SLV Inventory/

APRIL 1/WITH SILVER DOWN ONE CENT TODAY: A SMALL WITHDRAWAL OF 656,000 OZ FROM THE SLV/INVENTORY RESTS AT 309.957 MILLION OZ//

MARCH 29/WITH SILVER UP 12 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.957 MILLION OZ/

MARCH 28/WITH SILVER DOWN 31 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 469,000 OZ INTO THE SLV INVENTORY//INVENTORY RESTS AT 309.957 MILLION OZ/

MARCH 27/WITH SILVER DOWN 12 CENTS; NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.488 MILLION OZ//

MARCH 26/WITH SILVER DOWN 13 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.488 MILLION OZ//

MARCH 25/WITH SILVER UP 15 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.488 MILLION OZ////

MARCH 22/WITH SILVER DOWN 7 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.356 MILLION OZ///INVENTORY RESTS AT 309.488 MILLION OZ///

MARCH 21/WITH SILVER UP 15 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 310.848 MILLION OZ/

March 20/WITH SILVER DOWN 4 CENTS TODAY: NO CHANGES  IN SILVER INVENTORY//INVENTORY RESTS AT 310.848 MILLION OZ//

MARCH 19/WITH SILVER UP 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY/INVENTORY RESTS AT 310.848 MILLION OZ/

MARCH 18/WITH SILVER DOWN 2 CENTS TODAY: NO CHANGES IN SILVER INVENTORY//INVENTORY RESTS AT 310.848 MILLION OZ///

MARCH 15/WITH SILVER UP 16 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS TODAY AT 310.848 MILLION OZ//

MARCH 14/WITH SILVER DOWN 30 CENTS: A SURPRISING DEPOSIT OF 1.17 MILLION OZ OF SILVER INTO THE SLV//INVENTORY RESTS AT 310.848 MILLION OZ//

MARCH 13/WITH SILVER UP 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY/INVENTORY AT THE SLV RESTS AT 309.676 MILLION OZ/

MARCH 12/WITH SILVER UP 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY/INVENTORY AT THE SLV RESTS AT 309.676 MILLION OZ////

MARCH 11/WITH SILVER DOWN 7 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 516,000 OZ/INVENTORY RESTS AT 309.676 MILLION OZ///

MARCH 8/WITH SILVER UP 34 CENTS: STRANGE!! TWO TRANSACTIONS!!  IN THE MORNING A WITHDRAWAL OF 703,000 OZ FROM THE SLV/INVENTORY RESTS AT 307,800 OZ/ IN THE AFTERNOON: A DEPOSIT OF 1.56 MILLION OZ/INVENTORY FINALLY RESTS AT 309.160 MILLION OZ//

MARCH 7/WITH SILVER DOWN 4 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 308.503 MILLION OZ//

MARCH 6/WITH SILVER DOWN 2 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 308.503 MILLION OZ

MARCH 5/WITH SILVER UP ONE CENT: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 308.503 MILLION OZ///

MARCH 4/WITH SILVER DOWN 14 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV; A WITHDRAWAL OF 871,000 OZ OF SILVER FROM THE SLV///INVENTORY RESTS AT 308.503 MILLION OZ/

MARCH 1/ WITH SILVER DOWN 38 CENTS/NO CHANGE IN SILVER INVENTORY

FEB 28/WITH SILVER DOWN 12 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.374

FEB 27/WITH SILVER DOWN 14 CENTS//A  SMALL CHANGE IN INVENTORY: A WITHDRAWAL OF 610,000 OZ//SLV INVENTORY RESTS AT 309.374 MILLION OZ/

FEB 26/WITH SILVER DOWN ONE CENT; NO CHANGE IN INVENTORY/RESTS AT 309.984

FEB 25./WITH SILVER DOWN 7 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.984 MILLION OZ/

FEB 22/WITH SILVER UP 7 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.984 MILLION OZ///

FEB 21/WITH SILVER DOWN 37 CENTS: SURPRISINGLY A DEPOSIT OF 1.688 MILLION OZ OF SILVER INVENTORY/ INTO THE SLV/INVENTORY RESTS AT 309.984 MILLION OZ///

FEB 20/WITH SILVER UP 19 CENTS AND ON A TEAR: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 308.296 MILLION OZ/

FEB 19/WITH SILVER UIP 25 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 938,000 OZ/INVENTORY RESTS AT 308.296 MILLION OZ/

FEB 15/WITH SILVER UP 19 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 307.358 MILLION OZ/

 

APRIL 1/2019:

 

Inventory 309.301 MILLION OZ

LIBOR SCHEDULE AND GOFO RATES:

 

 

THE RISE IN LIBOR IS CREATING A SCARCITY OF DOLLARS BECAUSE FOREIGN EXCHANGE SWAPS (COSTS) ARE SIMPLY PROHIBITIVE

YOUR DATA…..

6 Month MM GOFO 2.10/ and libor 6 month duration 2.66

Indicative gold forward offer rate for a 6 month duration/calculation:

G0LD LENDING RATE: + .56

 

 

XXXXXXXX

12 Month MM GOFO
+ 2.44%

LIBOR FOR 12 MONTH DURATION: 2.71

GOFO = LIBOR – GOLD LENDING RATE

GOLD LENDING RATE  = +.27

end