Harvey Organ: For The 2nd Straight Big Delivery Month NO GOLD Is Entering COMEX For Delivery

Harvey Organ is rather surprised today, and it all has to do with COMEX gold and the “delivery” process. Here are the details…

by Harvey Organ of Harvey Organ Blog

AUGUST 9/GOLD CLOSED DOWN 70 CENTS TO $1212.40 DESPITE THE HUGE STRENGTH IN THE DOLLAR/SILVER PRICE WAS UP 3 CENTS TO $15.45/THE BIG STORY TODAY, THE HUGE COLLAPSE IN THE TURKISH LIRA AND THE RUSSIAN ROUBLE /FEDERAL DEFICIT FOR 10 MONTHS HITTING A HIGH OF 680 BILLION DOLLARS AND HEADING TO A FISCAL YEAR DEFICIT OF 800 BILLION DOLLARS/IN FISCAL 2019: HEADING FOR 1 TRILLION DOLLARS/WHOLESALE SALES FALL IN JUNE AND THIS WILL PUT A DAMPER ON TRUMP’S 4.1% GDP GROWTH/EXTREMELY IMPORTANT SWAMP STORIES FOR YOU TONIGHT/

GOLD: $1212.40  DOWN  $0.70 (COMEX TO COMEX CLOSINGS)

Silver:   $15.45     UP 3 CENTS (COMEX TO COMEX CLOSINGS)

Closing access prices:

Gold $1212.20

silver: $15.44

 

 

 

For comex gold:

AUGUST/

NUMBER OF NOTICES FILED TODAY FOR AUGUST CONTRACT:  51 NOTICE(S) FOR 5100 oz

TOTAL NOTICES SO FAR 1677 FOR 167700 OZ (5.216 tonnes)

For silver:

AUGUST

2 NOTICE(S) FILED TODAY FOR

10,000 OZ/

Total number of notices filed so far this month: 624 for 3,120,000 oz

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Bitcoin: BID $6286/OFFER $6370: UP  $63(morning)

Bitcoin: BID/ $6451/offer $6536: UP $229  (CLOSING/5 PM)

end

First Shanghai gold fix comes at 10 pm est

The second Shanghai gold fix:  2:15 pm

First Shanghai gold fix gold: 10 pm est: $not available

NY price  at the same time:xxx

 

PREMIUM TO NY SPOT: $xxxx

XX

Second gold fix early this morning: $ not available

 

 

USA gold at the exact same time:$

 

PREMIUM TO NY SPOT:  $

 

China is controlling the gold market

WE WILL NOT PROVIDE LONDON FIXES AS THEY ARE NOT ACCURATE AS TO WHAT IS GOING ON AT THE SAME TIME FRAME.

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 1986 CONTRACTS FROM 235,440 DOWN TO 233,454 DESPITE YESTERDAY’S  5 CENT RISE IN SILVER PRICING AT THE COMEX. WE HAVE NOW WITNESSED A SLOW COMEX ACCUMULATION THESE PAST SEVERAL DAYS.  ON TOP OF THIS WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY(WELL OVER 30 MILLION OZ AT THE COMEX FOR JULY AND OVER 4 MILLION OZ FOR AUGUST) AS WELL AS 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:  0 EFP’S FOR AUGUST, 2209 EFP’S FOR SEPT. , 0 EFP’S FOR DECEMBER AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE: OF 2209 CONTRACTS. WITH THE TRANSFER OF 2209 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 2209 EFP CONTRACTS TRANSLATES INTO 11.045 MILLION OZ AND ACCOMPANYING:

1.THE 5 CENT RISE IN SILVER PRICE AT THE COMEX AND

2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR THE JUNE/2018 COMEX DELIVERY MONTH. (5.420 MILLION OZ)  30.370 MILLION OZ FINALLY STANDING FOR DELIVERY IN JULY, AND NOW 4.425 MILLION OZ FOR AUGUST.

 

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

6134 CONTRACTS (FOR 7 TRADING DAYS TOTAL 6134 CONTRACTS) OR 30.670 MILLION OZ: (AVERAGE PER DAY: 876 CONTRACTS OR 4.3814 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF JULY:  30.670 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 4.38% 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 2018 TO DATE SILVER EFP’S:           1,863.24    MILLION OZ.

ACCUMULATION FOR JAN 2018:                                              236.879     MILLION OZ

ACCUMULATION FOR FEB 2018:                                               244.95        MILLION OZ

ACCUMULATION FOR MARCH 2018:                                        236.67         MILLION OZ

ACCUMULATION FOR APRIL 2018:                                           385.75         MILLION OZ

ACCUMULATION FOR MAY 2018:                                             210.05         MILLION OZ

ACCUMULATION FOR JUNE 2018:                                           345.43         MILLION OZ

ACCUMULATION FOR JULY 2018:                                            172.84          MILLION OZ

RESULT: WE HAD A CONSIDERABLE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1986 DESPITE THE  5 CENT RISE IN SILVER PRICING AT THE COMEX YESTERDAY. THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 2209 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 SMALL SIZED: 223 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:

i.e 2209 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH A DECREASE OF  1986  OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 5 CENT RISE IN PRICE OF SILVER  AND A CLOSING PRICE OF $15.42 WITH RESPECT TO YESTERDAY’S TRADING. YET WE HAD A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY IN THE BIG JULY DELIVERY MONTH OF SLIGHTLY OVER 30 MILLION OZ AND NOW IN AUGUST ANOTHER BIG 4.425 MILLION OZ IN A NON ACTIVE MONTH. IT SURE LOOKS LIKE ANOTHER FAILED BANKER SHORT COVERING EXERCISE AS BANKERS ARE SCRAMBLING TO COVER THEIR HUGE SHORTFALL IN SILVER.

In ounces AT THE COMEX, the OI is still represented by OVER 1 BILLION oz i.e. 1.168 MILLION OZ TO BE EXACT or 167% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT AUGUST MONTH/ THEY FILED AT THE COMEX: 2 NOTICE(S) FOR =10,000 OZ OF SILVER

IN SILVER, WE  SET THE NEW 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

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) AND JULY 2018 AMOUNT FINALLY STANDING: 30.370 MILLION OZ   ) AND NOW FOR AUGUST 4.425 MILLION OZ.
  2. HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018
  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 CONSIDERABLE SIZED 1980 CONTRACTS UP TO 461,454 WITH THE  RISE IN THE COMEX GOLD PRICE/YESTERDAY’S TRADING (A GAIN IN PRICE OF $2.75).  THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A GOOD SIZED 5376 CONTRACTS:

AUGUST HAD AN ISSUANCE OF 0 CONTRACTS, OCTOBER HAD 0 EFP’S ISSUED AND, DECEMBER HAD AN ISSUANCE OF 5376 CONTACTS  AND  ALL OTHER MONTHS ZERO.  The NEW COMEX OI for the gold complex rests at 461,454. 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 STRONG OI GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7356 CONTRACTS:  1980 OI CONTRACTS INCREASED AT THE COMEX AND 5376 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN:  7356 CONTRACTS OR 735,600 OZ = 22,88 TONNES.  AND ALL OF THIS STRONG DEMAND OCCURRED WITH THE GAIN IN THE PRICE OF GOLD/ YESTERDAY TO THE TUNE OF $2.75.

 

YESTERDAY, WE HAD 4833 EFP’S ISSUED.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JUNE : 49,361 CONTRACTS OR 4,936,100  OZ OR 153,53 TONNES (7 TRADING DAYS AND THUS AVERAGING: 7051 EFP CONTRACTS PER TRADING DAY OR 705,100 OZ/ TRADING DAY),,

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 7 TRADING DAYS IN  TONNES: 153.53 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES

THUS EFP TRANSFERS REPRESENTS 153.53/2550 x 100% TONNES =  6.02% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JULY ALONE.***

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:     4,863.57*  TONNES   *SURPASSED ANNUAL PROD’N

ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018:           653.22  TONNES (21 TRADING DAYS)

ACCUMULATION OF GOLD EFP’S FOR FEBRUARY 2018:         649.45 TONNES  (20 TRADING DAYS)

ACCUMULATION OF GOLD EFP’S FOR MARCH 2018:             741.89 TONNES  (22 TRADING DAYS)

ACCUMULATION OF GOLD EFP’S FOR APRIL 2018:                 713.84 TONNES  (21 TRADING DAYS)

ACCUMULATION OF GOLD EFP’S FOR MAY 2018:                   693.80 TONNES ( 22 TRADING DAYS)

ACCUMULATION OF GOLD EFP FOR JUNE 2018                      650.71 TONNES  (21 TRADING DAYS)

ACCUMULATION OF GOLD EFP FOR JULY 2018                       605.5 TONNES     (21 TRADING DAYS)

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 CONSIDERABLE SIZED INCREASE IN OI AT THE COMEX OF 1980 WITH THE  GAIN IN PRICING ($2.75 THAT GOLD UNDERTOOK YESTERDAY) // .  WE ALSO HAD A GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 5376 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 5376 EFP CONTRACTS ISSUED, WE HAD A STRONG NET GAIN OF 7356 CONTRACTS IN TOTAL OPEN INTEREST  ON THE TWO EXCHANGES:

5376 CONTRACTS MOVE TO LONDON AND 1980 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 22.88 TONNES). ..AND THIS GOOD  DEMAND OCCURRED WITH THE   SMALL GAIN OF $2.75 IN YESTERDAY’S TRADING AT THE COMEX!!!.

 

we had: 51 notice(s) filed upon for 5100 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 $0.70  TODAY: /

 

HUGE CHANGES  IN GOLD INVENTORY AT THE GLD/ANOTHER WITHDRAWAL OF 1.45 TONNES AND THE CROOKS TRIED TO USE THIS GOLD TODAY IN THE SUPPRESSION OF THE METAL PRICE AND FAILED AGAIN.

.

 

 

 

/GLD INVENTORY 786.08 TONNES

Inventory rests tonight: 786.08 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 UP 3 CENTS TODAY :

NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 328.445 MILLION OZ.

 

/INVENTORY RESTS AT 328.445 MILLION OZ/

NOTE THE DIFFERENCE BETWEEN THE GLD AND SLV: THE CROOKS CAN RAID GOLD BECAUSE THEY DO HAVE SOME PHYSICAL.  THEY DO NOT RAID SILVER PROBABLY BECAUSE THERE IS NO REAL SILVER INVENTORIES BEHIND THEM

Let us head over to the comex:

 

The total gold comex open interest ROSE BY A CONSIDERABLE SIZED 1980 CONTRACTS UP to an OI level 461,454 WITH THE RISE IN THE PRICE OF GOLD ($2.75 GAIN/ YESTERDAY’S COMEXTRADING).   FOR TWO 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 START A NEW MONTH, WE WILL NOW SEE THE OPEN INTEREST RISE AS THE CROOKS PLAY THEIR RIGGED GAME.

WE ARE NOW IN THE  ACTIVE DELIVERY MONTH OF AUGUST.  THE CME REPORTS THAT THE BANKERS ISSUED A GOOD SIZED COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 5376 EFP CONTRACTS WERE ISSUED:

OCTOBER: 0 EFP’S AND DECEMBER:  5376 AND  ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  5376 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: A GOOD 7356 TOTAL CONTRACTS IN THAT 5376 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED 1980 COMEX CONTRACTS.

NET GAIN ON THE TWO EXCHANGES:  7356 contracts OR 735,600  OZ OR 22.88 TONNES.

Result: A CONSIDERABLE SIZED INCREASE IN COMEX OPEN INTEREST WITH THE GAIN IN PRICE/YESTERDAY (ENDING UP WITH A RISE IN PRICE OF $2.75). THE  TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES:  7356 OI CONTRACTS..

We have now entered the active contract month of AUGUST where we witnessed the highest obliteration of contracts on record for the first day notice i.e. 33,938 contracts for an open interest standing of only 4,765 contracts. For the August contract month, we lost 328contracts to stand at 862 contracts. The number of notices filed for yesterday was 303 contracts so we lost 25 contacts or an additional 2500 oz will not stand at the comex (because there is no gold) and these investors morphed into London based forwards and received a fiat bonus for their efforts.

 

 

AFTER AUGUST, SEPTEMBER LOST 2 CONTRACTS AND THUS FALLS TO 2261 CONTRACTS.

THE NEXT ACTIVE DELIVERY MONTH IS  OCTOBER AND HERE THE OI LOST BY 12 CONTRACTS DOWN TO 54,801 CONTRACTS. DECEMBER SAW ITS OPEN INTEREST ROSE BY 2932 CONTRACTS UP TO 349,848.

WE HAD 51 NOTICES FILED AT THE COMEX FOR 5100 OZ.

INITIALLY FOR THE AUGUST 2017 CONTRACT WE HAD A STRONG 831,100 OZ STAND (25.85 TONNES)

BY MONTH END ONLY  524,500 OZ EVENTUALLY STOOD  (16.33 TONNES) AS MANY MORPHED INTO LONDON BASED FORWARDS.

 

 

Trading Volumes on the COMEX

PRELIMINARY COMEX VOLUME FOR TODAY: 253,647  contracts

 

CONFIRMED COMEX VOL. FOR YESTERDAY:  214,831 contracts

 

 

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And now for the wild silver comex results.

Total silver OI FELL BY A CONSIDERABLE SIZED 1986 CONTRACTS FROM 235,440 DOWN TO 233,454 (AND A MUCH FURTHER FROM THE  THE NEW RECORD OI FOR SILVER SET APRIL 9.2018/ 243,411 CONTRACTS) AND THIS OCCURRED DESPITE WITH THE 5 CENT GAIN IN PRICING THAT SILVER UNDERTOOK YESTERDAY. WE MUST HAVE HAD SOME CONSIDERABLE BANK SHORTCOVERING.

SINCE WE ARE NOW INTO THE NON – ACTIVE DELIVERY MONTH OF AUGUST, WE WERE  INFORMED THAT WE HAD A STRONG SIZED 2209 EFP CONTRACTS: FOR SEPT: 2209 EFP CONTRACTS AND FOR DECEMBER: 0 CONTRACTS AND ZERO FOR ALL OTHER MONTHS.  THESE EFPS WERE ISSUED TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  THE TOTAL EFP’S ISSUED: 2209.  ON A NET BASIS WE GAINED 223 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED 1986 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 2209 OI CONTRACTS NAVIGATING OVER TO LONDON.

NET GAIN ON THE TWO EXCHANGES:  223 CONTRACTS

FOR THE FRONT MONTH OF AUGUST WE HAD A NET GAIN OF 2 CONTRACTS. WE HAD 0 NOTICES FILED YESTERDAY SO WE CONTINUE WHERE WE LEFT OFF LAST MONTH IN THAT WE GAINED 2 CONTRACTS STANDING OR AN ADDITIONAL 10,000 OZ WILL STAND AT THE COMEX AS THESE GUYS REFUSED TO MORPH INTO LONDON BASED FORWARDS AND RECEIVE A FIAT BONUS.  QUEUE JUMPING AT THE SILVER COMEX IS THE NORM AS THERE IS CONSIDERABLE AMOUNT OF PHYSICAL LOCATED HERE.  THERE IS NO QUEUE JUMPING AT THE GOLD COMEX FOR THE SIMPLE REASON THAT THERE IS NO GOLD THERE.

 

 

 

The next active delivery month after August for silver is September and here the OI FELL by 3739 contracts DOWN to 150,463.  October received another 4 contracts to stand at 80

After October, the next big delivery month is December and here the OI rose by 1634 contracts up to 69,851 contracts.

We had notice(s) filed for 10,000 OZ for the AUGUST 2018 COMEX contract for silver

 

AND NOW COMPARISON VS AUGUST LAST YR:

 

ON FIRST DAY NOTICE JULY 31/2017:  1,965,000 OZ STOOD FOR DELIVERY

THE FINAL AMOUNT OF SILVER STANDING:  AUGUST 30.2017: 6,245,000 OZ AS WE HAD CONSIDERABLE QUEUE JUMPING.

FOR THOSE THAT WISH TO FOLLOW TODAY’S SILVER OI VS LAST YR

AUGUST 11.2017: 112,506 OPEN INTEREST CONTACTS STILL OPEN VS TODAY AUG 9.2018:  150,659CONTRACTS.

 

 

 

 

INITIAL standings for AUGUST/GOLD

AUGUST 9/2018.

we have no pulse today, AND still zero gold enters the comex

THIS IS RATHER SURPRISING:  FOR THE SECOND STRAIGHT BIG DELIVERY MONTHS 
I.E. JUNE AND AUGUST, NO GOLD ENTERS THE COMEX TO SETTLE UPON LONGS STANDING FOR DELIVERY AND NO ACTIVITY WHATSOEVER WITH RESPECT TO INVENTORY CHANGES.
we had 0 kilobar transaction/
We had 0 inventory movement at the dealer accounts
total inventory deposit into the dealer accounts:  NIL  oz
total inventory withdrawals out of dealer accounts; nil oz
we had 0 withdrawal out of the customer account:
total customer withdrawals:  nil oz
we had 0 customer deposit
total customer deposits: nil oz
we had 0 adjustments

For AUGUST:

Today, 1154 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 51 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 43 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.

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To calculate the INITIAL total number of gold ounces standing for the AUGUST. contract month, we take the total number of notices filed so far for the month (1677) x 100 oz or 167,700 oz, to which we add the difference between the open interest for the front month of AUGUST. (862 contracts) minus the number of notices served upon today (51 x 100 oz per contract) equals 248,800 OZ OR 7.738 TONNES) the number of ounces standing in this non active month of AUGUST

 

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

No of notices served (1677 x 100 oz)  + {(862)OI for the front month minus the number of notices served upon today (51 x 100 oz )which equals 248,800 oz standing OR 7.738 TONNES in this  active delivery month of AUGUST.

WE LOST 25 COMEX CONTRACTS OR AN ADDITIONAL 2500 OZ WILL NOT STAND AND THESE GUYS MORPHED INTO LONDON BASED FORWARDS.  THERE WAS NO REASON TO HANG AROUND THE COMEX AS THERE IS NO GOLD THERE TO SETTLE UPON.

 

 

THERE ARE ONLY 9.399 TONNES OF REGISTERED COMEX GOLD AVAILABLE FOR DELIVERY AGAINST 7.738 TONNES STANDING FOR JULY  

 

total registered or dealer gold:  302,179.565 oz or   9.399 tonnes
total registered and eligible (customer) gold;   8,641,419.507 oz 268,.78 tonnes

IN THE LAST 24 MONTHS 85 NET TONNES HAS LEFT THE COMEX.

end

And now for silver

AND NOW THE AUGUST DELIVERY MONTH

AUGUST INITIAL standings/SILVER

we had 1 inventory movement at the dealer side of things

i) a deposit into Brinks:  606, 448.700 oz

 

 

total dealer deposits: 606,448.700 oz

total dealer withdrawals: nil oz

we had 1 deposit into the customer account

i) Into JPMorgan: 264,518.600 oz

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

JPMorgan now has 144.9 million oz of  total silver inventory or 50.5% of all official comex silver. (144 million/286 million)

 

 

iii) Into everybody else:  nil oz

 

 

 

 

 

total customer deposits today: 264,518.600  oz

we had  3 withdrawals from the customer account;

i) Out of Brinks:  1002.900 oz

ii) Out of Int. Delaware:  24,953.220 oz

iii) Out of Scotia:  80,629.220 oz

 

 

 

total withdrawals:  106,585.340 oz

we had 1  adjustment

 

i) Out of Scotia:  5273.900 oz was adjusted out of the customer and this landed into the dealer account of Scotia

 

 

 

total dealer silver:  81.273 million

total dealer + customer silver:  286.595 million oz

The total number of notices filed today for the AUGUST. contract month is represented by 2 contract(s) FOR NIL 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 624 x 5,000 oz = 3,120,000 oz to which we add the difference between the open interest for the front month of AUGUST. (263) and the number of notices served upon today (2 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the AUGUST/2018 contract month: 624(notices served so far)x 5000 oz + OI for front month of AUGUST(263) -number of notices served upon today (2)x 5000 oz equals 4,425,000 oz of silver standing for the AUGUST contract month

WE GAINED 2 CONTRACTS OR AN ADDITIONAL 10,000 OZ WILL STAND FOR DELIVERY AT THE COMEX AND THESE GUYS REFUSED TO MORPH INTO A LONDON BASED FORWARDS AND THUS THEY WILL NOT TAKE THE FIAT BONUS.

 

 

 

 

 

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ESTIMATED VOLUME FOR TODAY:71,372 CONTRACTS

CONFIRMED VOLUME FOR YESTERDAY: 76,743 CONTRACTS  absolutely criminal

YESTERDAY’S CONFIRMED VOLUME OF 76,743 CONTRACTS EQUATES TO 3083 million OZ  OR 54.8% 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 -3.53% (AUGUST 9/2018)
2. Sprott gold fund (PHYS): premium to NAV RISES TO -1.21% to NAV (AUGUST 9/2018 )
Note: Sprott silver trust back into NEGATIVE territory at -3.53%-/Sprott physical gold trust is back into NEGATIVE/

(courtesy Sprott/GATA)

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

NAV 12.58/TRADING 12.13//DISCOUNT 3.65.

END

And now the Gold inventory at the GLD/

AUGUST 9/WITH GOLD DOWN BY 70 CENTS, OUR BANKERS AGAIN RAIDED THE GOLD COOKIE JAR TO THE TUNE OF 1.45 TONNES AND THUS THE INVENTORY RESTS AT 786.08 TONNES.ANYBODY HOLDING GOLD AT THE COMEX MUST REMOVE THEIR GOLD IMMEDIATELY AND PLACE IT IN A PRIVATE NON BANK  OR CALL ANDREW MAGUIRE AT KINESIS

AUGUST 8/WITH GOLD UP ANOTHER $2.75, OUR BANKERS MUST BE DESPERATE AS THEY RAIDED THE GOLD COOKIE JAR AGAIN TO THE TUNE OF 1.18 TONNES/INVENTORY RESTS TONIGHT AT 788.71 TONNES. ANYBODY WHO KEEPS HIS GOLD AT THE COMEX IS VERY FOOLISH..ALL GOLD AT THE COMEX IS UNALLOCATED.

AUGUST 7/WITH GOLD UP 0.75 TODAY/ANOTHER GIGANTIC WITHDRAWAL OF 6.04 TONNES AND THIS GOLD WAS TO BE USED IN AN ATTEMPTED RAID TODAY AND FAILED/INVENTORY RESTS AT 788.71 TONNES

AUGUST 6/WITH GOLD DOWN $5.30 TODAY: ANOTHER WITHDRAWAL OF 2.06 TONNES AND THIS GOLD WAS USED IN THE RAID TODAY/GLD INVENTORY RESTS TODAY AT 794.90 TONNES

AUGUST 3/WITH GOLD UP $3.10/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 796.96 TONNES

AUGUST 2/WITH GOLD DOWN $7.20/A HUGE WITHDRAWAL OF 3.24 TONNES FROM THE GLD WHICH NO DOUBT WAS USED IN THE RAID TODAY/INVENTORY RESTS AT 796.96 TONNES

AUGUST 1/WITH GOLD DOWN $4.65/NO CHANGE IN GOLD INVENTORY AT THE GLD.INVENTORY RESTS AT 800.20 TONNES

JULY 31/WITH GOLD UP $2.05/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.20

JULY 30/WITH GOLD DOWN $0.95/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.20 TONNES

july  27/WITH GOLD DOWN $2.85 TODAY, NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.20 TONNES

JULY 26./WITH GOLD DOWN $5.65: A WITHDRAWAL OF 2.35 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 800.20 TONNES

JULY 25/WITH GOLD UP $6.45; NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 802.55 TONNES

JULY 24/ WITH GOLD DOWN 10 CENTS: A HUGE DEPOSIT OF 4.42 TONNES INTO THE GLD/INVENTORY RESTS AT 802.55 TONNES

JULY 23/WITH GOLD DOWN $5.55: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 798.13 TONNES

JULY 20/WITH GOLD UP $4.15 A HUGE DEPOSIT OF 4.12 TONNES OF GOLD INTO THE GLD.INVENTORY RESTS AT 798.13 TONNES

JULY 19./WITH GOLD DOWN $1.00: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 794.01 TONNES

JULY 18/WITH GOLD UP 0.40: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 794.01 TONNES

JULY 17/WITH GOLD DOWN $12.40, WE HAD A BIG WITHDRAWAL OF 1.18 TONNES FROM THE GLD/INVENTORY RESTS AT 794.01 TONNES

JULY 16/WITH GOLD DOWN $1.55/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 795.19 TONNES

JULY 13/WITH GOLD DOWN $5.35 THE CROOKS RAID THE COOKIE JAR AGAIN TO THE TUNE OF 3.83 TONNES/INVENTORY RESTS AT 795.19 TONNES

JULY 12/WITH GOLD UP $2.30: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 799.02 TONNES

JULY 11/WITH GOLD DOWN $10.75 THE CROOKS RAIDED THE COOKIE JAR AGAIN TO THE TUNE OF 1.75 TONNES/INVENTORY RESTS AT 799.02 TONNES

JULY 10/WITH GOLD DOWN $3.85: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.77 TONNES

july 9/WITH GOLD UP $4.00/ANOTHER RAID ON THE GOLD COOKIE JAR: TWO WITHDRAWALS OF 1.18 TONNES THIS MORNING AND 1.47 TONNES THIS AFTERNOON/INVENTORY RESTS AT 800.77 TONNES

JULY 6/WITH GOLD DOWN $2.45: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 803.42 TONNES

JULY 5/WITH GOLD UP ANOTHER $5.15, THE CROOKS RAIDED THE COOKIE JAR AGAIN TO THE TUNE OF 5.89 TONNES/INVENTORY RESTS AT 803.42 TONNES IN THE LAST 10 TRADING DAYS GLD HAS LOST A HUGE 25.34 TONNES WITH A LOSS OF ONLY $15.25 IN PRICE

July 3/WITH GOLD UP $11.15/THE CROOKS RAIDED THE GLD INVENTORY AGAIN TO THE TUNE OF 9.73 TONNES/INVENTORY RESTS AT 809.31 TONNES

 

 

 

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AUGUST 9/2018/ Inventory rests tonight at 786.08 tonnes

*IN LAST 428 TRADING DAYS: 144.87 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 378 TRADING DAYS: A NET 11.67 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.

 

end

 

Now the SLV Inventory/

AUGUST 9/WITH SILVER UP 3 CENTS TODAY:NO CHANGE IN SILVER INVENTORY /INVENTORY RESTS AT 328.445 MILLION OZ/

AUGUST 8/WITH SILVER UP 5 CENTS TODAY: NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 328.445 MILLION OZ

AUGUST 7/WITH SILVER UP 3 CENTS, A RAID OF 1.78 MILLION OZ (A WITHDRAWAL) AT THE SLV.INVENTORY RESTS AT 328.445 MILLION OZ/

AUGUST 6/WITH SILVER DOWN 11 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.034 MILLION OZ INTO THE SLV INVENTORY/INVENTORY RESTS AT 330.326 MILLION OZ/

AUGUST 3/WITH SILVER UP 7 CENTS TODAY/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.292 MILLION OZ/.

AUGUST 2 WITH SILVER DOWN 6 CENTS TODAY/A SMALL CHANGE IN SILVER INVENTORY AT THE SLV/ A WITHDRAWAL OF 141,000 OZ FOR THEIR MONTHLY STORAGE AND INSURANCE FEES:INVENTORY RESTS AT 329.292 MILLION OZ/

AUGUST 1/WITH SILVER DOWN 12 CENTS TODAY, NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.433 MILLION OZ/

JULY 31/WITH SILVER UP 5 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.433 MILLION OZ/

JULY 30/WITH SILVER UP 3 CENTS TODAY; NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.433 MILLION OZ.

JULY 27/WITH SILVER FLAT TODAY, NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT  329.433 MILLION OZ/

JULY 26/WITH SILVER DOWN 10 CENTS: STRANGE: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.046 MILLION OZ OF SILVER/INVENTORY RESTS AT 329.433 MILLION OZ

JULY 25: WITH SILVER UP 8 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV/ A WITHDRAWAL OF 658,000 INVENTORY RESTS AT 328.304 MILLION OZ/

 

JULY 24/WITH SILVER UP 8 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 328.962 MILLION OZ/

JULY 23/WITH SILVER DOWN 11 CENTS/NO CHANGES IN SILVER INVENTORY INTO THE SLV/INVENTORY RESTS AT 328.962 MILLION OZ/

JULY 20/WITH SILVER UP 10 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.411 MILLION OZ INTO THE SLV INVENTORY

INVENTORY RESTS AT 328.962 MILLION OZ

 

JULY 19/WITH SILVER DOWN 17 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 752,000 OZ INTO THE SLV INVENTORY/INVENTORY RESTS AT 327.551 MILLION OZ/

JULY 18/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 326.799 MILLION OZ/

JULY 17/WITH SILVER DOWN 20 CENTS TODAY: A CHANGE IN SILVER INVENTORY A WITHDRAWAL OF 1.001 MILLION OZ FROM THE SLV: INVENTORY RESTS AT 326.799 MILLION OZ/

JULY 16/WITH SILVER FLAT TODAY, A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.128 MILLION OZ//INVENTORY RESTS AT 327.880 MILLION OZ

JULY 13/WITH SILVER DOWN 16 CENTS TODAY/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 326.752 MILLION OZ.

JULY 12/WITH SILVER UP 12 CENTS TODAY: ANOTHER BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.035 MILLION OZ/INVENTORY RESTS AT 326.752 MILLION OZ/

JULY 11/WITH SILVER DOWN 22 CENTS TODAY: ANOTHER HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 565,000/INVENTORY RESTS AT 325.717 MILLION OZ

JULY 10/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 325.151 MILLION OZ

july 9/WITH SILVER UP 5 CENTS: ANOTHER BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 847,000 OZ ADDED TO INVENTORY/INVENTORY RESTS AT 825.151 MILLION OZ/

JULY 6/WITH SILVER DOWN 2 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 324.305 MILLION OZ/

JULY 5/WITH SILVER UP 6 CENTS, A GOOD CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 470,000 OZ/INVENTORY RESTS AT 324.305 MILLION OZ/ FOR THE PAST 10 TRADING DAYS, SILVER INVENTORY HAS ADVANCED BY 4.945 MILLION OZ WITH A LOSS OF 33 CENTS/PLEASE COMPARE THIS WITH THE GLD.

JULY 3/WITH SILVER UP 17 CENTS, A HUGE DEPOSIT OF 1.37 MILLION OZ ADDED TO THE SLV/INVENTORY RESTS AT 323.835 MILLION OZ.

JULY 2/WITH SILVER DOWN 31 CENTS/A HUGE 2.070 MILLION OZ DEPOSIT AT THE SLV/INVENTORY RESTS AT 322.465 MILLION OZ/

 

 

 

AUGUST 9/2018:

Inventory 328.445 MILLION OZ

 

6 Month MM GOFO 1.93/ and libor 6 month duration 2.52

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

G0FO+ 1.93%

libor 2.52 FOR 6 MONTHS/

GOLD LENDING RATE: .59%

XXXXXXXX

12 Month MM GOFO
+ 2.83%

LIBOR FOR 12 MONTH DURATION: 2.43

GOFO = LIBOR – GOLD LENDING RATE

GOLD LENDING RATE  = +.40

end