Harvey Organ: EXPECT EXTREME VOLATILITY IN THE GOLD PRICE

Harvey says to expect some extreme volatility in gold. Why the volatility, and how long will the volatility last? Here’s Harvey to explain…

by Harvey Organ of Harvey Organ Blog

FEB 25/AN EARLY POSTING TODAY: GOLD DOWN $3.10 TO $1327.50 AND SILVER DOWN 8 CENTS ON COMEX OPTIONS EXPIRY DAY//ANOTHER HUGE QUEUE JUMPING AT THE COMEX GOLD AS WE NOW HAVE 38 TONNES OF GOLD STANDING AGAINST 21 TONNES OF REGISTERED OR AVAILABLE FOR SALE//TRUMP GIVES CHINA A REPRIEVE AND DELAYS ONSET OF THE TARIFFS HOPING FOR A DEAL//MADURO’S DAYS ARE NUMBERED AS VENEZUELA GOES INTO COMPLETE CHAOS OVER THE WEEKEND//MORE SWAMP STORIES FOR YOU TONIGHT//

GOLD: $1327.50 DOWN $3.10 (COMEX TO COMEX CLOSING)

Silver:   $15.88 DOWN 8 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold :  1328.30

 

silver: $15.90

 

 

 

 

The comex options expired at the comex today,  and London/LBMA options will expire  on Thursday, the 28th of February..

Expect extreme volatility until first day notice.

 

 

 

 

 

 

 

 

 

 

 

 

 

For comex gold and silver:

FEBRUARY

 

 

 

NUMBER OF NOTICES FILED TODAY FOR  FEB CONTRACT: 779 NOTICE(S) FOR 77,900 OZ (2.423 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  12,075 NOTICES FOR 1,207,500 OZ  (37.558 TONNES)

 

 

SILVER

 

FOR FEBRUARY

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1 NOTICE(S) FILED TODAY FOR 5,000  OZ/

 

total number of notices filed so far this month: 571 for 2,855,000

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Bitcoin: OPENING MORNING TRADE $3796:UP $61

 

Bitcoin: FINAL EVENING TRADE: $3963  UP 27

 

end

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

today 711/779

EXCHANGE: COMEX
CONTRACT: FEBRUARY 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,329.200000000 USD
INTENT DATE: 02/22/2019 DELIVERY DATE: 02/26/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
657 C MORGAN STANLEY 3
661 C JP MORGAN 711
661 H JP MORGAN 6
737 C ADVANTAGE 44 51
800 C MAREX SPEC 11 5
880 H CITIGROUP 717
905 C ADM 7 3
____________________________________________________________________________________________

TOTAL: 779 779
MONTH TO DATE: 12,075

 

 

Let us have a look at the data for today

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In silver, the total OPEN INTEREST FELL BY A CONSIDERABLE SIZED 1643 CONTRACTS FROM 221,347 DOWN TO 219,704 DESPITE FRIDAY’S 7 CENT GAIN IN SILVER PRICING AT THE COMEX. TODAY WE ARRIVED FURTHER FROM  AUGUST’S 2018  RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.

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 SMALL SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:

439 EFP’S FOR MARCH,  0 FOR APRIL,  74 FOR MAY, 0 FOR DECEMBER AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE: OF 513 CONTRACTS. WITH THE TRANSFER OF 513 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 513 EFP CONTRACTS TRANSLATES INTO 2.565 MILLION OZ  ACCOMPANYING:

1.THE 7 CENT GAIN 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.

AND NOW 2.860 MILLION OZ STANDING FOR FEBRUARY.

 

 

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF FEBRUARY: 25,205 CONTRACTS (FOR 16 TRADING DAYS TOTAL 25,205 CONTRACTS) OR 126.025 MILLION OZ: (AVERAGE PER DAY: 1575 CONTRACTS OR 7.876 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF FEB:  126.025 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 18.00% 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:          334.55    MILLION OZ. (CORRECTED)

JANUARY 2019 EFP TOTALS:                                                      217.455. MILLION OZ.

 

 

RESULT: WE HAD A CONSIDERABLE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1643 DESPITE THE 7 CENT GAIN IN SILVER PRICING AT THE COMEX //FRIDAY..THE CME NOTIFIED US THAT WE HAD  SMALL SIZED EFP ISSUANCE OF 513 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 LOST A CONSIDERABLE SIZED: 1130 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:

i.e 513 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH DECREASE OF1643 OI COMEX CONTRACTS. AND ALL OF THIS  DEMAND HAPPENED WITH A 7 CENT GAIN IN PRICE OF SILVER  AND A CLOSING PRICE OF $15.96 WITH RESPECT TO YESTERDAY’S TRADING. YET WE HAD A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY 

 

 

In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.099 BILLION OZ TO BE EXACT or 157% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED AT THE COMEX: 1 NOTICE(S) FOR 5,000 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 NOW FEB 2019:  2.860 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 ROSE BY A SMALL SIZED 513 CONTRACTS UP TO 504,920 WITH THE RISE IN THE COMEX GOLD PRICE/(A GAIN IN PRICE OF $5.15//YESTERDAY’S TRADING).

 

 

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A  FAIR  SIZED 3059 CONTRACTS:

 

MARCH HAD AN ISSUANCE OF 0 CONTACTS  APRIL 3059 CONTRACTS,JUNE: 0 CONTRACTS DECEMBER: 0 CONTRACTS AND ALL OTHER MONTHS ZERO.  The NEW COMEX OI for the gold complex rests at 504,920. 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 AN A CONSIDERABLE SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3647 CONTRACTS: 588 OI CONTRACTS INCREASED AT THE COMEX AND 3059 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN: 3647 CONTRACTS OR 364,700 OZ = 11.34 TONNES. AND ALL OF THIS DEMAND OCCURRED WITH A GAIN IN THE PRICE OF GOLD/ FRIDAY TO THE TUNE OF $5.15.

 

 

 

 

 

FRIDAY, WE HAD 6559 EFP’S ISSUED.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY : 92,407 CONTRACTS OR 9,240,700 OZ  OR 287.42 TONNES (16 TRADING DAYS AND THUS AVERAGING: 5,775 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 16 TRADING DAYS IN  TONNES: 287.42 TONNES

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

THUS EFP TRANSFERS REPRESENTS 287.42/2550 x 100% TONNES = 11.27% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***

ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE:     807.54  TONNES

JANUARY 2019 TOTAL EFP ISSUANCE;   531.20 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 FAIR SIZED INCREASE IN OI AT THE COMEX OF 588 WITH THE GAIN IN PRICING ($5.15) THAT GOLD UNDERTOOK FRIDAY) //.WE ALSO HAD A CONSIDERABLE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 3059 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 3059 EFP CONTRACTS ISSUED, WE  HAD A GOOD GAIN OF 3647 CONTRACTS IN TOTAL OPEN INTEREST  ON THE TWO EXCHANGES:

3059 CONTRACTS MOVE TO LONDON AND 1618 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 11.34 TONNES). ..AND ALL OF THIS  DEMAND OCCURRED WITH THE GAIN OF $5.15 IN FRIDAY’S TRADING AT THE COMEX

 

 

we had:  779 notice(s) filed upon for 77,900 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 $3.10 TODAY (AS OF 4 O’CLOCK)

 

NO CHANGE IN INVENTORY AT THE GLD.

 

 

/GLD INVENTORY   789.51 TONNES

Inventory rests tonight: 789.51 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 8 CENTS  IN PRICE  TODAY:

 

NO CHANGE IN SILVER INVENTORY AT THE SLV..///

 

 

 

 

/INVENTORY RESTS AT 309.984 MILLION OZ.

Let us head over to the comex:

 

THE TOTAL COMEX GOLD OPEN ROSE BY A FAIR SIZED 588 CONTRACTS UP TO A LEVEL OF 504,920 WITH THE GAIN IN THE PRICE OF GOLD ($5.15) IN FRIDAY’S COMEX TRADING).FOR THREE YEARS STRAIGHT WE HAVE NOTICED THAT ONE WEEK PRIOR TO FIRST DAY NOTICE OF AN ACTIVE DELIVERY MONTH THE COMEX OPEN INTEREST CONTRACTS AND EFP’S NOTICES EXPONENTIALLY INCREASE AS WELL AS WE WITNESS THE COMEX OPEN INTEREST COLLAPSE. ONCE WE GET TO FIRST DAY NOTICE, THEN THE OPEN INTEREST RISES., THE REASON FOR THE COLLAPSE IN OPEN INTEREST IS THE FORCED LIQUIDATION OF THE SPREADERS.

 

 

WE ARE NOW IN THE  ACTIVE DELIVERY MONTH OF FEBRUARY..  THE CME REPORTS THAT THE BANKERS ISSUED A CONSIDERABLE SIZED COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 3059 EFP CONTRACTS WERE ISSUED:

FOR MARCH:  0. FOR APRIL 3059, FOR JUNE: 0 CONTRACTS AND FINALLY DECEMBER: 0 AND  ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  3059 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 GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES:4677 TOTAL CONTRACTS IN THAT 3059 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A FAIR SIZED 1618 COMEX CONTRACTS.

NET GAIN ON THE TWO EXCHANGES:3647 contracts OR 364,700  OZ OR 11.34 TONNES.

 

We are now in the active contract month of FEBRUARY and here the open interest stands at 999 contracts, and thus losing 152 contracts. . We had 830 contracts stand for delivery yesterday so we AGAIN GAINED ANOTHER UNBELIEVABLY STRONG 678 contracts or 67800 additional oz (ADDITIONAL 2.108 TONNES) will stand for delivery in this very active delivery month of February as they refused to morph into London based forwards as well as negating a sizable fiat bonus. The comex is out of [email protected]! as the crooks scrounge around the comex looking for metal trying to put out fires elsewhere. This is the 5TH trading day in a row that we have witnessed a  massive gain in total amount of gold ounces standing at the gold comex with pronounced queue jumping. Queue jumping has been the norm in silver for almost 3 years but this is the first time that we have witnessed continual and strong queue jumping in gold.

 

The next non active delivery month after February is  March and here we lost 85 contracts to stand at 1270.  After March, the next big delivery month is April and here the OI ROSE by 482 contracts UP to 358,591 contracts.

 

TODAY’S NOTICES FILED:

WE HAD 779 NOTICES FILED TODAY AT THE COMEX FOR 77900 OZ. (2.423 tonnes)

 

 

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And now for the wild silver comex results.

Total COMEX silver OI FELL BY A CONSIDERABLE SIZED 1643 CONTRACTS FROM 225,889 DOWN TO 219,704(AND FURTHER FROM  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 FAIR OI COMEX LOSS  OCCURRED WITH A GOOD 7 CENT GAIN IN PRICING.

 

 

WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF FEBRUARY AND THE  AMOUNT OF OPEN INTEREST READY TO STAND IS 2 CONTRACTS, HAVING LOST 2 CONTRACTS FROM FRIDAY.  WE HAD 3 NOTICES FILED YESTERDAY SO WE GAINED 1 CONTRACT OR AN ADDITIONAL 5,000 OZ WILL STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF FEBRUARY AS THESE GUYS REFUSED TO MORPH INTO LONDON BASED FORWARDS AS WELL AS NEGATING A FIAT BONUS.

 

.

 

 

 

THE NEXT NON ACTIVE DELIVERY MONTH AFTER FEBRUARY IS THE VERY BIG AND ACTIVE DELIVERY MONTH OF MARCH AND HERE THE OI FELL BY 11,613 CONTRACTS DOWN TO 41,470 CONTRACTS. AFTER MARCH, APRIL ADVANCES TO 529 CONTRACTS FOR A GAIN OF 19 CONTRACTS.  AFTER APRIL, THE NEXT BIG ACTIVE DELIVERY MONTH IS MAY AND HERE THE OI ADVANCED BY 9937 CONTRACTS UP TO 134,559 CONTRACTS.

FIRST DAY NOTICE IS THURSDAY FEB 28.2019

 

 

 

ON A NET BASIS WE LOST 1130 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED A 1374 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 513 OI CONTRACTS NAVIGATING OVER TO LONDON.

NET LOSS ON THE TWO EXCHANGES:  1130 CONTRACTS…AND ALL OF THIS LOSS OF DEMAND OCCURRED WITH A 7 CENT GAIN IN PRICING// YESTERDAY

 

 

 

 

 

 

 

 

 

TODAY’S NUMBER OF NOTICES FILED:

 

We, today, had 1 notice(s) filed for 5,000 OZ for the FEB, 2019 COMEX contract for silver

Trading Volumes on the COMEX TODAY:  177,829  CONTRACTS

 

 

CONFIRMED COMEX VOL. FOR YESTERDAY:  255,504  contracts

comex gold volumes are getting extremely low as players just do not want to play in this casino.

 

 

 

 

 

 

 

INITIAL standings for  FEB/GOLD

FEB 25 /2019.

we had 1 dealer entries:

 

i) Into Manfra:  2787.574  oz

total dealer deposits: nil oz

total dealer withdrawals: 0 oz

We had 0 kilobar entries

 

we had 0 deposit into the customer account

 

total gold deposits: nil oz

we had 0 gold withdrawals from the customer account:

 

 

 

 

total gold withdrawing from the customer; nil  oz

we had 0  adjustments…

FOR THE FEB 2019 CONTRACT MONTH)

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 779 contract(s) of which 6 notices were stopped (received) by j.P. Morgan dealer and 711 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 FEBRUARY/2019. contract month, we take the total number of notices filed so far for the month (12,075) x 100 oz , to which we add the difference between the open interest for the front month of FEB. (999 contract) minus the number of notices served upon today (779 x 100 oz per contract) equals 1,229,500 OZ OR 38.246 TONNES) the number of ounces standing in this active month of FEBRUARY

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

No of notices served (12,075 x 100 oz)  + {999)OI for the front month minus the number of notices served upon today (779 x 100 oz )which equals 1,229,500 oz standing OR 38.246 TONNES in this active delivery month of FEBRUARY.

WE GAINED A MASSIVE 678 CONTRACTS OR AN ADDITIONAL 678,000 OZ WILL STAND AT THE COMEX AS THEY REFUSED TO MORPH INTO A LONDON BASED FORWARD AS WELL AS NEGATING A FIAT BONUS. THE COMEX MUST BE VOID AS OUR BANKERS ARE SCOURING THE PLANET LOOKING FOR PHYSICAL GOLD./ THIS IS THE 5TH DAY IN A ROW THAT WE HAVE WITNESSED MASSIVE QUEUE JUMPING IN GOLD. I CANNOT RECALL AT ANY TIME WITNESSING SUCH A MASSIVE GAIN IN GOLD OZ STANDING THIS LATE IN THE DELIVERY CYCLE.

 

 

 

 

THERE ARE ONLY 21.634 TONNES OF REGISTERED COMEX GOLD AVAILABLE FOR DELIVERY AGAINST 38,226 TONNES STANDING FOR FEBRUARY

OF WHICH 37.558 TONNES OF GOLD HAVE ALREADY BEEN SERVED UPON SO FAR THIS MONTH.

NO SIGN OF SETTLEMENTS FOR THE GOLD THAT IS STANDING:

THE NEXT FEW DAYS WILL BE QUITE INTERESTING TO WATCH AT THE COMEX AS THERE IS MORE GOLD STANDING THAN REGISTERED.

 

total registered or dealer gold:  695,556.838 oz or  21.634 tonnes
total registered and eligible (customer) gold;   8,231,127.457 oz 256.02 tonnes

FOR COMPARISON FEBRUARY 2019 TO THE  FEBRUARY 2018 COMEX GOLD CONTRACT MONTH & MARCH 2018 VS MARCH 2019 CONTRACTS

 

 

 

ON FEB 1.2018: 20.07 TONNES OF GOLD STOOD FOR DELIVERY, BUT BY THE END OF MONTH ONLY 8.55TONNES EVENTUALLY STOOD AS THE REST MORPHED INTO LONDON BASED FORWARDS.

ON FEB 26.2018 WE HAD 1258 OPEN INTEREST CONTRACTS STANDING (2 DAYS BEFORE FIRST DAY NOTICE)  VS FEB 25.2019:  1274 CONTRACTS.(3 DAYS BEFORE FDN)

ON FIRST DAY NOTICE MARCH 1/2018: TOTAL GOLD TONNAGE STANDING FOR DELIVERY: 2.1524TONNES

THE FINAL AMOUNT OF GOLD TONNAGE: MARCH 31/2018:  1.6114 TONNES AS THE REST MORPHED INTO LONDON BASED FORWARDS.

IN THE LAST 28 MONTHS 99 NET TONNES HAS LEFT THE COMEX.

 

end

And now for silver

AND NOW THE NOV DELIVERY MONTH

FEB INITIAL standings/SILVER

we had 0 inventory movement at the dealer side of things

 

 

total dealer deposits: nil  oz

total dealer withdrawals: 0 oz

we had  1 deposits into the customer account

 

i) Into JPMorgan: nil  oz

 

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

JPMorgan now has 150.26 million oz of  total silver inventory or 50.61% of all official comex silver. (150.26 million/296 million)

 

i) Into Brinks: 600,919.690 oz

 

 

total customer deposits today: 600,919.690   oz

we had 1 withdrawals out of the customer account:

 

i) out of CNT::  531,793.413 oz

 

 

 

 

 

 

 

total withdrawals: 531,793.413     oz

 

we had 0 adjustment..

 

total dealer silver:  87.812 million

total dealer + customer silver:  297.309 million oz

 

The total number of notices filed today for the FEBRUARY 2019. contract month is represented by 1 contract(s) FOR  5,000  oz

To calculate the number of silver ounces that will stand for delivery in FEB., we take the total number of notices filed for the month so far at 571 x 5,000 oz = 2,855,000 oz to which we add the difference between the open interest for the front month of FEB. (2) and the number of notices served upon today (1x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the FEBRUARY/2019 contract month: 571(notices served so far)x 5000 oz + OI for front month of FEB( 2) -number of notices served upon today (1)x 5000 oz equals 2,860,000 oz of silver standing for the FEBRUARY contract month.  This is a strong number of oz standing for an off delivery month.

WE GAINED 1 CONTRACT OR AN ADDITIONAL 5,000 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 SILVER COMEX CONTRACT MONTH  FEB 2018 VS FEB 2019

 

 

 

ON FIRST DAY NOTICE FEB 1/2018 CONTRACT MONTH WE HAD 670,000 OZ STAND FOR DELIVERY.  AT THE MONTH’S CONCLUSION WE HAD 2.035 MILLION OZ STAND AS WE WITNESSED QUEUE JUMPING ON A REGULAR BASIS AT THE SILVER COMEX.

ON FEB 26.2018 WE HAD 33,811 OPEN INTEREST MARCH CONTRACTS STILL LEFT STANDING WITH 2 DAYS LEFT BEFORE FIRST DAY NOTICE VS FEB 25.2019: 41,703  MARCH CONTRACTS WITH 3 DAYS LEFT BEFORE FIRST DAY NOTICE.

ON MARCH 1.2018 WE HAD 24.670 MILLION OZ OF SILVER STAND FOR DELIVERY. BY THE CONCLUSION OF THE DELIVERY MONTH, 27.190 MILLION OZ STOOD AS QUEUE JUMPING IN THE SILVER COMEX ARENA HAD BEEN THE NORM FOR QUITE A WHILE.

 

 

 

 

 

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TODAY’S SILVER VOLUME:  99,145 CONTRACTS

 

 

CONFIRMED VOLUME FOR YESTERDAY: 102,724 CONTRACTS…

 

 

 

 

YESTERDAY’S CONFIRMED VOLUME OF 102,724 CONTRACTS EQUATES to 510 million OZ  72.8% 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 RISES TO -2.89% (FEB 25/2019)
2. Sprott gold fund (PHYS): premium to NAV RISES TO -.93% to NAV (FEB 25 /2019 )
Note: Sprott silver trust back into NEGATIVE territory at -2.89%-/Sprott physical gold trust is back into NEGATIVE/

(courtesy Sprott/GATA)

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

NAV 13.47/TRADING 13.02/DISCOUNT 3.31

END

And now the Gold inventory at the GLD/

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

FEB 14//WITH GOLD DOWN $1.10: WE HAD ANOTHER PAPER RAID (WITHDRAWAL) OF 2.04 TONNES/INVENTORY RESTS AT 796.85 TONNES/

FEB 13:/WITH GOLD UP $1.40 TODAY: ANOTHER PAPER RAID BY OUR CROOKED BANKERS AS THEY WITHDREW ANOTHER 2.23 TONNES OF GOLD FROM THE GLD. INVENTORY RESTS AT 798.89 TONNES

FEB 12: WITH GOLD UP $2.20 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 802.12 TONNES

FEB 11/WITH GOLD DOWN $6.25 TODAY: ANOTHER PAPER WITHDRAWAL OF 1.17 TONNES OF GOLD AND THIS GOLD WAS USED TO WHACK OUR PRECIOUS METAL TODAY/INVENTORY RESTS AT 802.12 TONNES

FEB 8/WITH GOLD UP $4.00/THE CROOKS WITHDREW ANOTHER HUGE 6.59 TONNES OF PAPER GOLD AND THIS GOLD WAS USED TO CONTAIN THE PRICE OF GOLD/INVENTORY RESTS AT 803.29 TONNES

FEB 7/WITH GOLD UP 35 CENTS/ANOTHER PAPER GOLD WITHDRAWAL OF 2.06 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 809.76 TONNES

FEB 6/WITH GOLD DOWN $4.85 TODAY: A STRONG PAPER WITHDRAWAL OF 1.37 TONNES FROM THE GLD/INVENTORY RESTS AT 811.82 TONNES

FEB 5/WITH GOLD UP $.30 TODAY: A HUGE PAPER WITHDRAWAL OF 4.11 TONNES/INVENTORY RESTS AT 813.29 TONNES

FEB 4/WITH GOLD DOWN $2.65: TWO TRANSACTIONS: i)A MASSIVE WITHDRAWAL OF 8.37 TONNES OF PAPER GOLD WAS REMOVED FROM THE GLD AND THEN ii) a A STRONG DEPOSIT OF 2.00 TONNES/INVENTORY RESTS AT 817.40 TONNES

FEB 1/WITH GOLD DOWN $3.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 823.87 TONNES

JAN 31/WITH GOLD UP $9.80 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 823.87 TONNES

JAN 30/WITH GOLD UP $.65: A HUGE HUGE MONSTROUS ADDITION OF 8.23 TONNES OF PAPER GOLD ENTERED THE GLD/INVENTORY RESTS AT 823.87..SO FAR IN JANUARY: 28.56 TONNES HAVE BEEN ADDED

JAN 29/WITH GOLD UP $6.15/A HUGE ADDITION OF 5.88 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 815.64 TONNES

JAN 28/WITH GOLD UP $5.30 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 809.76 TONNES

JAN 25/WITH GOLD UP $17.90: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 809.76 TONNES

jAN 24/WITH GOLD DOWN $3.70?: NO CHANGES AT THE GLD/INVENTORY RESTS AT 809.76 TONNES

JAN 23/WITH GOLD UP 50 CENTS: NO CHANGES AT THE GLD/INVENTORY RESTS AT 809.76 TONNES

JAN 22/WITH GOLD UP A TINY $.85 A MASSIVE PAPER DEPOSIT OF 12.06 TONNES OF GOLD INTO THE FRAUDULENT GLD/INVENTORY RESTS AT 809.76 TONNES

JAN 18/WITH GOLD DOWN $9.65: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 797.71

JAN 17/WITH GOLD DOWN $1.10: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 797.71

JAN 16/WITH GOLD UP $5.40 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 797.71

JAN 15/WITH GOLD DOWN $1.65: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 797.71 TONNES

JAN 14/WITH GOLD UP $1.60/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 797.71 TONNES

JAN 11/WITH GOLD UP $2.30 TODAY ANOTHER WITHDRAWAL OF 1.47 TONNES OF GOLD/INVENTORY RESTS AT 797.71 TONNES

JAN 10/WITH GOLD DOWN $4.00/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 799.18 TONNES

JAN 9/WITH SILVER UP $6.00/ TWO TRANSACTIONS: a) A TINY WITHDRAWAL OF .25 TONNES TO PAY FOR FEES ETC b) A HUGE DEPOSIT OF 2.65 TONNES INTO THE GLD INVENTORY./INVENTORY RESTS AT 799.18 TONNES

JAN 8/WITH GOLD DOWN $3.70 TODAY, A WITHDRAWAL OF 1.47 TONNES AND THIS GOLD WAS USED IN THE RAID/INVENTORY RESTS AT 796.78 TONNES

JAN 7/WITH GOLD UP $4.45 TODAY: A HUGE DEPOSIT OF 2.94 TONNES OF GOLD ENTERED THE GLD/INVENTORY RESTS AT 798.25 TONNES

JAN 4/WITH GOLD DOWN $8.65 TODAY; NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 795.31 TONNES

JAN 3/2019/WITH GOLD UP $10.65 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 795.31 TONNES

JAN 2.2019/WITH GOLD UP $3.35 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 7.64 TONNES/INVENTORY RESTS AT 795.31 TONNES

DEC 31/WITH GOLD DOWN $2.20 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 787.67 TONNES

 

 

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FEB 25/2019/ Inventory rests tonight at 789.51 tonnes

*IN LAST 549 TRADING DAYS: 144.54 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 449 TRADING DAYS: A NET 15.41 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.

 

end

 

Now the SLV Inventory/

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/

FEB 14/WITH SILVER DOWN 11 CENTS: A DEPOSIT OF 423,000 OZ/INVENTORY RESTS AT 307.358 MILLION OZ

FEB 13/WITH SILVER DOWN 4 CENTS TODAY: ANOTHER BIG CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 938,000 OZ FROM THE SLV./INVENTORY RESTS AT 306.935 MILLION OZ/

FEB 12 WITH SILVER UP 3 CENTS TODAY:  NO CHANGE IN SILVER INVENTORY AT TH SLV/INVENTORY RESTS AT 307.873 MILLION OZ/

FEB 11/WITH SILVER DOWN 13 CENTS TODAY:A BIG CHANGE IN SILVER INVENTORY; A WITHDRAWAL OF 1.126 MILLION OZ FROM THE SLV INVENTORY/INVENTORY RESTS AT 307.873 MILLION OZ/

FEB 8/WITH SILVER UP 11 CENTS: ANOTHER WITHDRAWAL OF 657,000 OZ/INVENTORY RESTS AT 308.999  MILLION OZ/

FEB 7/WITH SILVER DOWN 1 CENT TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.656 MILLION OZ/

FEB 6/WITH SILVER DOWN 13 CENTS TODAY; A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 938,000  OZ/INVENTORY RESTS AT 309.656 MILLION OZ/

FEB 5/WITH SILVER DOWN 3 CENTS; NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 310.594 MILLION OZ.

FEB 4/WITH SILVER DOWN 4 CENTS: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 129,000 OZ TO PAY FOR FEES/.INVENTORY RESTS AT 310.594 MILLION OZ/

FEB 1/WITH SILVER DOWN 14 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY  RESTS AT 310.723 MILLION OZ/

JAN 31/WITH SILVER UP 15 CENTS TODAY: ANOTHER BIG DEPOSIT OF 1.126 MILLION OZ/INVENTORY RESTS AT 310.723 MILLION OZ/

JAN 30/WITH SILVER UP 7 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 938,000 INTO THE SLV INVENTORY./INVENTORY RESTS AT 309.597 MILLION OZ.

JAN 29/WITH SILVER UP 9 CENTS TODAY/A HUGE DEPOSIT OF 1.408 MILLION OZ  IN SILVER INVENTORY AT THE SLV.//INVENTORY RESTS AT 308.659 MILLION OZ/

JAN 28/WITH SILVER UP 5 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 307.251 MILLION OZ/

JAN 25/WITH SILVER UP 40 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 307.251 MILLION OZ/

JAN 24/WITH SILVER DOWN 7 CENTS TODAY: NO CHANGES IN SILVER INVENTORY

JAN 23/WITH SILVER UP 4 CENTS: A HUGE LOSS OF 938,000 FROM THE SLV/INVENTORY RESTS AT 307.251 MILLION OZ/

JAN 22/WITH SILVER DOWN 5 CENTS: A HUGE DEPOSIT OF 1.179 MILLION OZ INTO THE SLV/SLV IS A FRAUDULENT VEHICLE/INVENTORY RESTS AT 308.189 MILLION OZ/

JAN 18/WITH SILVER DOWN 13 CENTS: NO CHANGE IN SILVER INVENTORY/NO DOUBT THE MASSIVE WITHDRAWAL OF PAPER SILVER WAS USED IN THE RAID TODAY/INVENTORY RESTS AT 307.110

JAN 17/WITH SILVER DOWN 9 CENTS TODAY:ANOTHER BIG CHANGE IN SILVER INVENTORY AT THE SLV; A MASSIVE WITHDRAWAL OF 3.895 MILLION OZ./INVENTORY RESTS AT 307.110 MILLION OZ/

JAN 16/WITH SILVER FLAT TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV

A WITHDRAWAL OF 2.158 MILLION OZ/INVENTORY RESTS AT 311.005 MILLION OZ/

JAN 15/WITH SILVER DOWN 4 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 469,000 OZ FROM ITS INVENTORY/INVENTORY RESTS AT 313.163 MILLION OZ/

JAN 14/WITH SILVER UP ONE CENT TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 313.632 MILLION OZ/

JAN 11/WITH SILVER UP 4 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 313.632 MILLION OZ/

JAN 10/WITH SILVER DOWN 11 CENTS TODAY; NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 313.632 MILLION OZ/

JAN 9/WITH SILVER  UP 4 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.126 MILLION OZ/INVENTORY LOWERS TO 313.632 MILLION OZ/???

JAN 8/WITH SILVER DOWN 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 314.758 MILLION OZ

JAN 7/WITH SILVER DOWN ONE CENT: A HUGE WITHDRAWAL OF 2.347 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 314.758 MILLION OZ/

JAN 4/WITH SILVER DOWN 3 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV.INVENTORY RESTS AT 317.105 MILLION OZ

JAN 3/2019/WITH SILVER UP 22 CENTS A SMALL CHANGE TODAY: A WITHDRAWAL OF 118,000 OZ TO PAY FOR FEES:  INVENTORY RESTS AT 317.105 MILLION OZ/

JAN 2/2019/WITH SILVER UP 10 CENTS TODAY/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 317.233 MILLION OZ/

DEC 31/WITH SILVER UP 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 317.233 MILLION OZ/

 

 

FEB 25/2019:

 

Inventory 308.296 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 2.16/ and libor 6 month duration 2.71

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

G0LD LENDING RATE: + .55

 

 

XXXXXXXX

12 Month MM GOFO
+ 2.47%

LIBOR FOR 12 MONTH DURATION: 2.89

GOFO = LIBOR – GOLD LENDING RATE

GOLD LENDING RATE  = +.42

end