Harvey Organ: Gold Swap Rates Are Indicating Scarcity In Gold

Harvey Organ is in awe of the latest developments. Here’s an update…

by Harvey Organ via Harvey Organ Blog

DEC 28/2017/GOLD UP $6.50 TO $1294.50/SILVER UP 13 CENTS TO $16.84/ GOLD EFP TRANSFERS: OVER 11,000/ SILVER EFP TRANSFERS FOR A LONDON FORWARD: OVER 2600 CONTRACTS/GOFO RATES RISE TO OVER 2.15% INDICATING SCARCITY FOR GOLD/

GOLD: $1294.50 up $6.50

Silver: $16.84 up 13 cents

Closing access prices:

Gold $1294.00

silver: $16.84

For comex gold:

DECEMBER/

NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 138 NOTICE(S) FOR 13800 OZ.

TOTAL NOTICES SO FAR: 9194 FOR 919,400 OZ (28.592 TONNES),

For silver:

DECEMBER

256 NOTICE(S) FILED TODAY FOR

1,280,000 OZ/

Total number of notices filed so far this month: 6403 for 32,015,000 oz

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Bitcoin: BID $13,577/OFFER $13,760 DOWN $1651 (morning)

BITCOIN : BID $14,994/OFFER $15,099 /DOWN $709 CLOSING

end

 JUST TO LET YOU KNOW THAT OTC OPTIONS EXPIRE THIS FRIDAY WHICH ALSO CORRESPONDS TO FIRST DAY NOTICE FOR THE JANUARY CONTRACT FOR BOTH GOLD AND SILVER.  JANUARY IS A POOR DELIVERY MONTH FOR BOTH OF OUR METALS AND JANUARY IS ALSO NON ACTIVE FOR BOTH.

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY FELL BY A CONSIDERABLE 3955 contracts from 200,321 FALLING TO 196,966 DESPITE YESTERDAY’S GOOD 17 CENT RISE IN SILVER PRICING. WE HAD SOME  COMEX LIQUIDATION AND WITHOUT A DOUBT THIS WAS A MAJOR BANK SHORT- COVERING OPERATION. NOT ONLY THAT , WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: A MONSTROUS 2652 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 2652 CONTRACTS. HOWEVER THE MOVEMENT ACROSS TO LONDON IS NOT AS SEVERE AS IN GOLD AS THERE SEEMS TO BE A MAJOR PLAYER TAKING ON THE BANKS AT THE COMEX. STILL, WITH THE TRANSFER OF 2652 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. YESTERDAY WITNESSED 840 EFP’S FOR SILVER ISSUED. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S. I BELIEVE THAT WE MUST HAVE HAD SOME MAJOR BANKER SHORT COVERING

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF DECEMBER:

48,003 CONTRACTS (FOR 19 TRADING DAYS TOTAL 48,003 CONTRACTS OR 240.015 MILLION OZ: AVERAGE PER DAY: 2,526 CONTRACTS OR 12.632 MILLION OZ/DAY)

TO GIVE YOU AN IDEA OF THE SIZE OF “PHYSICAL” TRANSFERRED TO LONDON: 240.015 MILLION OZ/700 MILLION OZ (EX CHINA EX RUSSIA) = 34.28% OF ANNUAL GLOBAL SILVER PRODUCTION

RESULT: A CONSIDERABLE SIZED LOSS IN OI COMEX DESPITE THE STRONG 18 CENT RISE IN SILVER PRICE WHICH USUALLY INDICATES HUGE BANKER SHORT-COVERING. WE ALSO HAD A HUGE SIZED SIZED EFP ISSUANCE OF 2656 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS.  FROM THE CME DATA 2652 EFP’S WERE ISSUED TODAY (FOR MARCH EFP’S) FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE REALLY LOST 1203 OI CONTRACTS i.e. 2652 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 3955 OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE RISE IN PRICE OF SILVER BY 17 CENTS AND A CLOSING PRICE OF $16.71 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A MASSIVE AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.985 BILLION TO BE EXACT or 140% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 256 NOTICE(S) FOR 1,280,000 OZ OF SILVER

In gold, the open interest ROSE BY A SMALL SIZED 1878 CONTRACTS UP TO 458,348 DESPITE THE STRONG RISE IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($5.05). HOWEVER, THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY TOTALED A HUMONGOUS  11,125 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 11,125 CONTRACTS. The new OI for the gold complex rests at 458,348. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE AMOUNT OF GOLD OUNCES STANDING FOR DECEMBER. 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 (BIG RISE IN BOTH GOFO AND SIFO) AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE WE HAVE A GOOD GAIN OF 13,003 OI CONTRACTS: 1878 OI CONTRACTS INCREASED AT THE COMEX AND A GOOD SIZED 11,125 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 2056 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE: 216,387 CONTRACTS OR 21.6387 MILLION OZ OR 673.405 TONNES(19 TRADING DAYS AND THUS AVERAGING: 11,388 EFP CONTRACTS PER TRADING DAY OR 1.1388 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE AMOUNT OF “PHYSICAL’ TRANSFERRED SO FAR THIS MONTH: 673 TONNES/2200 TONNES = 30.59% OF ANNUAL GLOBAL PRODUCTION OF GOLD. THIS IS IMPOSSIBLE AND EXPLAINS FULLY THE FRAUD!!

Result: A SMALL SIZED INCREASE IN OI DESPITE THE GOOD SIZED RISE IN PRICE IN GOLD TRADING ON YESTERDAY ($5.05). WE HAD A HUMONGOUS SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 11,125. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE MONTH OF DECEMBER. 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 11,125 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 13,003 contracts:

11,125 CONTRACTS MOVE TO LONDON AND  1879 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the gain in total oi equates to 40.44 TONNES)

we had: 138 notice(s) filed upon for 13800 oz of gold.

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

GLD:

Today, NO CHANGES IN GOLD INVENTORY AT THE GLD

Inventory rests tonight: 837.50 tonnes.

SLV/

THIS MAKES A LOT OF SENSE: SILVER UP 13 CENTS AGAIN TODAY:

ANOTHER CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1,251,000 OZ

INVENTORY RESTS AT 323.459 MILLION OZ/

Let us head over to the comex:

The total gold comex open interest ROSE BY A SMALL 1878 CONTRACTS UP to an OI level of 458,348 DESPITE THE GOOD SIZED RISE IN THE PRICE OF GOLD ($5.05 GAIN WITH RESPECT TO YESTERDAY’S TRADING). WE NOT ONLY HAD ZERO COMEX GOLD LIQUIDATION BUT WE ALSO HAD ANOTHER  GAIN IN TOTAL OPEN INTEREST AS WE WITNESSED ANOTHER HUMONGOUS COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS. THE CME REPORTS THAT 0 EFPS WERE ISSUED FOR DECEMBER AND 11,125 EFP’S WERE ISSUED FOR FEBRUARY FOR A TOTAL OF 11125 CONTRACTS. THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS.

ON A NET BASIS IN OPEN INTEREST WE GAINED TODAY: 13,003 OI CONTRACTS IN THAT 11,125 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED 1878 COMEX CONTRACTS. NET GAIN: 13,003 contracts OR 1,300,300 OZ OR 40.430 TONNES

Result: AN SMALL SIZED INCREASE IN COMEX OPEN INTEREST WITH THE GOOD RISE IN THE PRICE OF YESTERDAY’S GOLD TRADING ($5.05.) WE HAD NO GOLD LIQUIDATION ANYWHERE. TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 13,003 OI CONTRACTS…

We have now entered the active contract month of DECEMBER. The open interest for the front month of December saw it’s open interest FALL by 120 contracts DOWN to 0. We had 33 notices filed upon yesterday so we LOST 87 COMEX contracts or an additional 8700 oz will NOT  stand for delivery AT THE COMEX in this active delivery month of December  and these morphed into EFP’s which gives the long holder a fiat profit plus a deliverable London based forward.

 

January saw its open interest LOSE 324 contracts DOWN to 536. FEBRUARY saw a gain of 140 contacts up to 332,660.  April saw a loss of 225 contracts down to 37,409

We had 138 notice(s) filed upon today for 13800 oz

PRELIMINARY VOLUME TODAY ESTIMATED; 232,302

FINAL NUMBERS CONFIRMED FOR YESTERDAY: 216,244

comex gold volumes are RISING AGAIN

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And now for the wild silver comex results.

Total silver OI FALL BY A CONSIDERABLE 3955 CONTRACTS FROM 200,321 DOWN TO 196,966 DESPITE YESTERDAY’S GOOD 17 CENT RISE IN PRICE WHICH SEEMS TO INDICATE WE HAD ANOTHER MAJOR ROUND OF BANKER SHORT-COVERING.  NOT ONLY THAT, WE HAD ANOTHER HUMONGOUS SIZED 2652 EMERGENCY EFP’S FOR MARCH ISSUED BY OUR BANKERS (ZERO FOR DECEMBER) TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.THE TOTAL EFP’S ISSUED: 2652. IT SURE LOOKS LIKE THE SILVER BOYS HAVE STARTED TO MIGRATE TO LONDON FROM THE START OF DELIVERY MONTH AND CONTINUING RIGHT THROUGH UNTIL FIRST DAY NOTICE JUST LIKE WE ARE WITNESSING TODAY. USUALLY WE NOTED THAT CONTRACTION IN OI OCCURRED ONLY DURING THE LAST WEEK OF AN UPCOMING ACTIVE DELIVERY MONTH. THIS PROCESS HAS JUST BEGUN IN EARNEST IN SILVER STARTING IN SEPTEMBER. HOWEVER, IN GOLD, WE HAVE BEEN WITNESSING THIS FOR THE PAST 2 YEARS. WE HAD CONSIDERABLE LONG COMEX SILVER LIQUIDATION AS WELL AS TOTAL SILVER OI LIQUIDATION AS IT SEEMS THAT WE ARE HAVING SOME BANKER SHORT-COVERING. WE ARE ALSO WITNESSING A HUGE AMOUNT OF SILVER OUNCES STANDING FOR COMEX METAL IN DECEMBER AS WELL AS THAT CONTINUAL MIGRATION OF EFPS OVER TO LONDON. ON A PERCENTAGE BASIS THERE ARE MORE EFP’S ISSUED FOR GOLD THAN SILVER AS IT SEEMS THAT A MAJOR PLAYER WISHES TO TAKE ON THE CROOKED COMEX SHORTS. ON A NET BASIS WE LOST 1203 OPEN INTEREST CONTRACTS:

3955 CONTRACTS LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 2652 OI CONTRACTSNAVIGATING OVER TO LONDON.

NET LOSS: 1203 CONTRACTS

We are now in the big active delivery month of December and here the OI loss by 256 contracts down to 0. We had 256 notices filed ON YESTERDAY so we neither lost nor gained any silver ounces standing in this active delivery month of December.

 

 

The January contract month FELL by 122 contracts DOWN to 566. February saw a gain OF 64 OI contract RISING TO 147. The March contract gained 3107 contracts up to 156,462.

We had 256 notice(s) filed for 1,280,000 oz for the DECEMBER 2017 contracts

FINAL standings for DECEMBER

Dec 28/2017.

I CANNOT RETRIEVE COMEX DATA MOVEMENTS

For DECEMBER:
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 138 contract(s) of which 15 notices were stopped (received) by j.P. Morgan dealer and 8 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 DECEMBER. contract month, we take the total number of notices filed so far for the month (9194) x 100 oz or 919,400 oz, to which we add the difference between the open interest for the front month of DEC. (138 contracts) minus the number of notices served upon today (138 x 100 oz per contract) equals 919,400 oz, the number of ounces standing in this active month of DECEMBER

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

No of notices served (9194) x 100 oz or ounces + {(138)OI for the front month minus the number of notices served upon today (138) x 100 oz which equals 919,400 oz standing in this active delivery month of DECEMBER (28.592 tonnes). THERE IS 33.29 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR.

WE LOST 87 COMEX CONTRACTS STANDING OR AN ADDITIONAL 8700 OZ WILL NOT  STAND AT THE COMEX AND THE REST MORPHED INTO LONDON FORWARDS

 

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ON FIRST DAY NOTICE FOR DECEMBER 2016, THE INITIAL GOLD STANDING: 39.038 TONNES STANDING

BY THE END OF THE MONTH: FINAL: 29.791 TONNES STOOD FOR COMEX DELIVERY AS THE REMAINDER HAD TRANSFERRED OVER TO LONDON FORWARDS.

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Total dealer inventory 1,070,309.229 or 33.29 tonnes (dealer gold continues to disappear)
Total gold inventory (dealer and customer) = 9,143,181.135 or 284.39 tonnes

I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process and are being used in the raiding of gold!
The gold comex is an absolute fraud. The use of kilobars and exact weights makes the data totally absurd and fraudulent! To me, the only thing that makes sense is the fact that “kilobars: are entries of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction. This would be similar to the rehypothecated gold used by Jon Corzine at MF Global.

IN THE LAST 14 MONTHS 70 NET TONNES HAS LEFT THE COMEX.

end

And now for silver

AND NOW THE DECEMBER DELIVERY MONTH

DECEMBER FINAL standings

CANNOT RETRIEVE COMEX INVENTORY DATA

The total number of notices filed today for the DECEMBER. contract month is represented by 256 contract(s) FOR 1,280,000 oz. To calculate the number of silver ounces that will stand for delivery in DECEMBER., we take the total number of notices filed for the month so far at 6659 x 5,000 oz = 33,295,000 oz to which we add the difference between the open interest for the front month of DEC. (256) and the number of notices served upon today (256x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the DECEMBER contract month: 6659(notices served so far)x 5000 oz + OI for front month of DECEMBER(256) -number of notices served upon today (256)x 5000 oz equals 33,295,000 oz of silver standing for the DECEMBER contract month. This is EXCELLENT for this active delivery month of November.

WE  NEITHER LOST NOR GAINED ANY SILVER OUNCES STANDING IN THIS ACTIVE DELIVERY MONTH OF DECEMBER.

 

ON FIRST DAY NOTICE FOR THE DECEMBER 2016 CONTRACT WE HAD 15.282 MILLION OZ STAND.

THE FINAL STANDING: 19.900 MILLION OZ AS QUEUE JUMPING INTENSIFIED.

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ESTIMATED VOLUME FOR TODAY: 63,836

CONFIRMED VOLUME FOR FRIDAY: 60,773 CONTRACTS

YESTERDAY’S CONFIRMED VOLUME OF 60,773 CONTRACTS EQUATES TO 303 MILLION OZ OR 43.4% 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.

Total dealer silver: 59.182 million
Total number of dealer and customer silver: 240.232 million oz

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 and Central Fund of Canada

1. Central Fund of Canada: traded at Negative 1.3 percent to NAV usa funds and Negative 1.3% to NAV for Cdn funds!!!!
Percentage of fund in gold 63.0%
Percentage of fund in silver:36.7%
cash .+.3%( Dec 28/2017)

2. Sprott silver fund (PSLV): NAV RISES TO -1.03% (Dec 28 /2017)??????????????????????????????
3. Sprott gold fund (PHYS): premium to NAV FALLS TO -0.66% to NAV (Dec 28 /2017 )
Note: Sprott silver trust back into NEGATIVE territory at -1.03%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.66%/Central fund of Canada’s is still in jail but being rescued by Sprott.
Sprott WINS hostile 3.1 billion bid to take over Central Fund of Canada

(courtesy Sprott/GATA)

END

And now the Gold inventory at the GLD

Dec 28/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 837.50 TONNES

Dec 27/NO CHANGES IN GOLD INVENTORY AT THE GLD/ INVENTORY RESTS AT 837.50 TONNES

Dec 26/no change in gold inventory at the GLD

Dec 22/ A DEPOSIT OF 1.48 TONNES OF GOLD INTO GLD INVENTORY/INVENTORY RESTS AT 837.50 TONNES

Dec 21′ NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 836.02 TONNES

Dec 20/DESPITE THE GOOD ADVANCE IN PRICE TODAY/THE CROOKS RAIDED THE COOKIE JAR TO THE TUNE OF 1.18 TONNES/INVENTORY RESTS AT 836.02 TONNES

Dec 19/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 837.20 TONNES

Dec 18 SHOCKINGLY AFTER TWO GOOD GOLD TRADING DAYS, THE CROOKS RAID THE COOKIE JAR BY THE SUM OF 7.09 TONNES/INVENTORY RESTS AT 837.20 TONNES

Dec 15/NO CHANGES IN GOLD INVENTORY/RESTS AT 844.29 TONNES.

Dec 14/a good sized gain of 1.48 tonnes of gold into the GLD/inventory rests at 844.29 tones

Dec 13/no changes in gold inventory at the GLD/inventory rests at 842.81 tonnes

Dec 12/SURPRISINGLY NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 842.81 TONNES

Dec 11/SURPRISINGLY NO CHANGES IN GOLD INVENTORY AT THE GLD DESPITE THE CONSTANT RAIDS ON GOLD/INVENTORY RESTS AT 842.81 TONNES

Dec 8/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 842.81 TONNES

Dec 7/A BIG WITHDRAWAL OF 2.66 TONNES FROM THE GLD/INVENTORY RESTS AT 842.81 TONNES

Dec 6/No changes in GOLD inventory at the GLD/Inventory rests at 845.47 tonnes

Dec 5/A WITHDRAWAL OF 2.64 TONNES FROM THE GLD/INVENTORY RESTS AT 845.47 TONNES

Dec 4/A MASSIVE DEPOSIT OF 8.56 TONNES OF GOLD INTO THE GLD/THE BLEEDING OF GLD GOLD HAS STOPPED/INVENTORY RESTS TONIGHT AT 848.11 TONNES

Dec 1/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 839.55 TONNES

Nov 30/no change in gold inventory at the GLD. Inventory rests at 839.55 tonnes

Nov 29/a withdrawal of 2.66 tonnes at the GLD/Inventory rests at 839.55 tonnes

NOV 28/ no change in gold inventory at the GLD/inventory rests at 842.21 tonnes

Nov 27 Strange!! we gold up by $6.40 today, we had a good sized withdrawal of 1.18 tonnes from the GLD. Here is something that is also strange: we have had exactly 1.18 tonnes of gold withdrawn from the comex on 5 separate occasions in the past 30 days..explanation?

Nov 24/no change in gold inventory at the GLD/Inventory rests at 843.09 tonnes

Nov 22/no change in gold inventory at the GLD/Inventory rests at 843.39 tonnes

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Dec 28/2017/ Inventory rests tonight at 837.50 tonnes

*IN LAST 300 TRADING DAYS: 103.45 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 235 TRADING DAYS: A NET 53.83 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET 212.72 TONNES HAVE BEEN ADDED.

end

Now the SLV Inventory

Dec 28/DESPITE THE RISE IN SILVER AGAIN BY 13 CENTS, WE LOST ANOTHER 1,251,000 OZ OF SILVER FROM THE SILVER.

Dec 27/WITH SILVER UP AGAIN BY 17 CENTS, WE LOST ANOTHER 802,000 OZ OF SILVER INVENTORY/WHAT CROOKS/INVENTORY RESTS AT 324.780 MILLION OZ/

Dec 26/no change in silver inventory at the SLV./Inventory rests at 325.582

Dec 21/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 326.227 MILLION OZ/

Dec 20/INVENTORY REMAINS CONSTANT AT 326.337 MILLION OZ (COMPARE WITH GLD)

Dec 19/SILVER INVENTORY REMAINS CONSTANT AT 326.337 MILLION OZ

Dec 18.2017//SILVER INVENTORY CONTINUES TO REMAIN PAT./INVENTORY REMAINS AT 326.337 MILLION OZ/

INVENTORY RESTS AT 326.337 TONNES

Dec 15/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 326.337 MILLION OZ/

Dec 14/a small withdrawal of 377,000 oz and that usually means to pay for fees./inventory rests at 326.337 million oz/

Dec 13/no change in silver inventory at the SLV/Inventory rests at 326.714 million oz/

Dec 12/WOW!ANOTHER STRANGE ONE: SILVER HAS BEEN DOWN FOR 10 CONSECUTIVE DAYS, YET THE SLV ADDS ANOTHER 1.415 MILLION OZ TO ITS INVENTORY. IN THAT 10 DAY PERIOD, SLV ADDS 9.584 MILLION OZ/

INVENTORY RESTS AT 326.714 MILLION OZ

Dec 11/WOW!! ANOTHER STRANGE ONE: SILVER DESPITE BEING DOWN FOR 9 CONSECUTIVE TRADING DAYS ADDS ANOTHER 944,000 OZ TO ITS INVENTORY. FROM NOV 30 UNTIL TODAY SILVER HAS BEEN DOWN EVERY DAY. HOWEVER THE INVENTORY OF SILVER HAS RISEN 8.169 MILLION OZ.

Dec 8/A HUGE DEPOSIT OF 2.642 MILLION OZ/INVENTORY RESTS AT 324.355 MILLION OZ/

Dec 7/strange!! with the continual whacking of silver, no change in silver inventory at the SLV/Inventory rests at 321.713

Dec 6/no change in silver inventory at the SLV/Inventory remains at 21.713 million oz.

Dec 5/THIS ONE HIT ME LIKE A TON OF BRICKS: SLV ADDS 2.507 MILLION OZ DESPITE THE HUGE DRUBBING SILVER TOOK TODAY. (PRICE DISCOVERY?)

Dec 4/NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 319.207 MILLION OZ/

Dec 1/VERY STRANGE!! WITH SILVER IN THE DUMPSTER THESE PAST FEW DAYS, SLV ADDS 2.076MILLION OZ/???

INVENTORY 319.207 MILLION OZ/

Nov 30/no changes in silver inventory despite the huge drop in price/inventory rests at 317.130 million oz

Nov 29/no changes in silver inventory at the SLV/Inventory rests at 317.130 million oz/strange!! at drop of 32 cents and no change in inventory?

Nov 28/no change in silver inventory at the SLV/Inventory rests at 317.130 million oz.

Nov 27/NO CHANGE IN SILVER INVENTORY DESPITE A ZERO GAIN IN PRICE /QUITE OPPOSITE TO GOLD WHICH SAW 1.18 TONNES OF GOLD WITHDRAWN DESPITE A RISE IN PRICE OF $6.40

Nov 24/A WITHDRAWAL OF 944,000 OZ OF SILVER FROM THE SLV//INVENTORY RESTS AT 317.130 MILLION OZ

Nov 22/no change in silver inventory at the SLV/Inventory rests at 318.074 million oz.

Dec 28/2017:

Inventory 323.459 million oz

end

 

WOW!!!

6 Month MM GOFO
Indicative gold forward offer rate for a 6 month duration

+ 2.15%
12 Month MM GOFO
+ 2.13%
30 day trend

end