Harvey Organ Rages: We’ve Got TURMOIL With The GLD

Harvey explains the “criminal behavior” underway at the GLD and asks, “Why is the GLD behaving differently than the SLV?”. Here’s why…  

by Harvey Organ of Harvey Organ Blog

FEB 7/ANOTHER RAID TODAY/GOLD DROPS $22.60 DOWN TO $1312.10/SILVER DROPS ANOTHER 32 CENTS TO $16.32/ COMEX GOLD ISSUES ANOTHER WHOPPING 14,039 EFP CONTRACTS TRANSFERRING THESE LONGS OVER TO LONDON/COMEX SILVER TRANSFERS 3408/ROYAL BANK OF SCOTLAND CAUGHT FORGING SIGNATURES: THEY WILL PROBABLY BE TOAST/CHINA’S NHA IN TECHNICAL DEFAULT THIS MORNING/USA 10 YR BOND YIELD BACK UP TO 2.84%/TROUBLE TOMORROW AS FUTURES ARE ALREADY DOWN BADLY/HUGE SWAMP STORIES/CHUCK GRASSLEY: DEMOCRATS IN TURMOIL/

GOLD: $1312.10 down $22.60

Silver: $16.30 down 32 cents

Closing access prices:

Gold $1318.50

silver: $16.38

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1338.47 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1329.70

PREMIUM FIRST FIX: $8.77

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SECOND SHANGHAI GOLD FIX: $1339.02

NY GOLD PRICE AT THE EXACT SAME TIME: $1331.90

Premium of Shanghai 2nd fix/NY:$8.12

SHANGHAI REJECTS  NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1328.50

NY PRICING AT THE EXACT SAME TIME: $1328.10

LONDON SECOND GOLD FIX 10 AM: $1324.65

NY PRICING AT THE EXACT SAME TIME. $1324.40

For comex gold:

FEBRUARY/

NUMBER OF NOTICES FILED TODAY FOR FEBRUARY CONTRACT: 113 NOTICE(S) FOR 11300 OZ.

TOTAL NOTICES SO FAR:1537 FOR 153700 OZ (4.780 TONNES),

For silver:

jANUARY

13 NOTICE(S) FILED TODAY FOR

65,000 OZ/

Total number of notices filed so far this month: 139 for 695,000 oz

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Bitcoin: BID $8162/OFFER $8232: up $502(morning)

Bitcoin: BID/ $7802/offer $7822: UP $143  (CLOSING/5 PM)

end

Let us have a look at the data for today

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In silver, the total open interest FELL BY A TINY 700 contracts from 206,171  FALLING TO 205,470 WITH YESTERDAY’S  8 CENT FALL IN SILVER PRICING.  WE  HAD TINY COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  3408 EFP’S FOR MARCH AND AND 0 EFP’S FOR MAY AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 3408 CONTRACTS. HOWEVER THE MOVEMENT ACROSS TO LONDON IS NOT AS SEVERE AS IN GOLD AS THERE SEEMS TO BE  MAJOR PLAYERS WILLING TO TAKE ON THE BANKS AT THE COMEX. STILL, WITH THE TRANSFER OF 3408 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 HRS IN THE ISSUING OF EFP’S. THE 3408 CONTRACTS TRANSLATES INTO 17.04 MILLION OZ

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

17,482 CONTRACTS (FOR 6 TRADING DAYS TOTAL 17,482 CONTRACTS OR 87.410 MILLION OZ: AVERAGE PER DAY: 2913 CONTRACTS OR 14.565 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  87.41 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 12.42% OF ANNUAL GLOBAL PRODUCTION

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  322.34 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ

RESULT: A TINY SIZED LOSS IN OI SILVER COMEX WITH THE SMALL 8 CENT FALL IN SILVER PRICE.  WE HOWEVER HAD A GOOD SIZED EFP ISSUANCE OF 3408 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 . FROM THE CME DATA 3408 EFP’S  FOR  MONTHS MARCH AND MAY WERE ISSUED FOR TODAY  FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE REALLY GAINED  2708 OICONTRACTS i.e. 3408 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 700  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE FALL IN PRICE OF SILVER OF  8 CENTS AND A CLOSING PRICE OF $16.62 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A FAIR AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just OVER 1 BILLION oz i.e. 1.028 BILLION TO BE EXACT or 148% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED: 13 NOTICE(S) FOR 65,000 OZ OF SILVER

In gold, the open interest FELL  BY A CONSIDERABLE 10,572 CONTRACTS DOWN TO 535.321  WITH THE FAIR SIZED FALL IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($8.50). IN ANOTHER DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR TUESDAY AND IT TOTALED A HUGE SIZED  14,039 CONTRACTS OF WHICH  APRIL SAW THE ISSUANCE OF 14039 CONTRACTS AND  JUNE SAW THE ISSUANCE OF 0 CONTRACTS AND THEN ALL OTHER MONTHS ZERO.    The new OI for the gold complex rests at 535,321. 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. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI  TOGETHER WITH  THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR FEBRUARY COMEX. 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 TODAY WE HAVE A GAIN OF 3467  CONTRACTS: 10,572 OI CONTRACTS DECREASED AT THE COMEX AND A STRONG SIZED  14,039 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.(3467 oi gain in CONTRACTS EQUATES TO 10.78 TONNES)

YESTERDAY, WE HAD 5581 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY STARTING WITH FIRST DAY NOTICE: 63,032 CONTRACTS OR 6,303,200  OZ OR 196.055 TONNES (6 TRADING DAYS AND THUS AVERAGING: 10,505 EFP CONTRACTS PER TRADING DAY OR 1,050,500 OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 6 TRADING DAYS: IN  TONNES: 177.53 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2200 TONNES

THUS EFP TRANSFERS REPRESENTS 177.53/2200 x 100% TONNES =  8.04% OF GLOBAL ANNUAL PRODUCTION SO FAR IN FEBRUARY ALONE.

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:  829.84 TONNES

ACCUMULATION OF GOLD EFP’S FOR JANUARY 2018: 653.22  TONNES

Result: A  HUGE SIZED DECREASE IN OI AT THE COMEX WITH THE FALL IN PRICE IN GOLD TRADING YESTERDAY ($8.50). IT IS WITHOUT A DOUBT THAT MANY OF THE DEPARTED COMEX LONGS  RECEIVED THEIR PRIVATE EFP CONTRACT  FOR EITHER  APRIL OR JUNE. WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 14,039 AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED.   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 14039 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 3467 contracts ON THE TWO EXCHANGES:

14039 CONTRACTS MOVE TO LONDON AND  10,572 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 10.79 TONNES).

we had: 113 notice(s) filed upon for 11300 oz of gold.

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

GLD

WOW!!!, WITH ALL OF TODAY’S TURMOIL: A MASSIVE 12.08 TONNES OF GOLD WAS REMOVED FROM THE GLD AND NO DOUBT THAT THIS WILL TURN OUT TO BE CRIMINAL BEHAVIOUR

Inventory rests tonight: 829.27 tonnes.

SLV/

NO CHANGES IN SILVER INVENTORY AT THE SLV/ WITH ALL OF TODAY’S TURMOIL AND WHACKING OF SILVER

/INVENTORY RESTS AT 314.045 MILLION OZ/

 

can someone please explain why GLD behaves differently to SLV

Let us head over to the comex:

The total gold comex open interest  SURPRISINGLY FELL BY A CONSIDERABLE 10,572 CONTRACTS DOWN to an OI level 535,321  WITH THE FAIR SIZED FALL IN THE PRICE OF GOLD ($8.50 LOSS WITH RESPECT TO YESTERDAY’S TRADING).   WE HAD HUGE COMEX GOLD LIQUIDATION. HOWEVER THE CME REPORTS THAT  THE BANKERS ISSUED ANOTHER STRONG COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS. WE HAD A HUGE SIZED 14,039 EFP’S ISSUED FOR APRIL  AND 0 EFP’s  FOR JUNE AND ZERO FOR ALL OTHER MONTHS:  TOTAL  14039 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 FORWARD… THE COMEX IS NOW AN ABSOLUTE FRAUD!!

ON A NET BASIS IN OPEN INTEREST WE GAINED TODAY: 3467 OI CONTRACTS IN THAT 14.039 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST 10,572 COMEX CONTRACTS.

NET GAIN ON THE TWO EXCHANGES: 3467 contracts OR 346700  OZ OR 10.78 TONNES,

Result: A  HUGE SIZED DECREASE IN COMEX OPEN INTEREST WITH THE  LOSS IN YESTERDAY’S GOLD TRADING ($8.50.) WE HAD SOME COMEX GOLD LIQUIDATION.  TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 3047 OI CONTRACTS..

We have now entered the active contract month of FEBRUARY where we lost 161 contracts to 1628 contracts.  We had 122 notices filed upon yesterday, so we lost 44 contracts or 4400 oz will not stand in this active contract month of February AND THESE WERE MORPHED INTO LONDON BASED FORWARDS.

March saw a LOSS of 110 contracts DOWN to 1967.  April saw a LOSS of 13,086 contracts DOWN to 379,256. MARCH BECOMES THE FRONT MONTH FOR GOLD

We had 113 notice(s) filed upon today for 11300 oz

 PRELIMINARY COMEX VOLUME FOR TODAY: 325,530 contracts

CONFIRMED COMEX VOLUME FOR YESTERDAY: 488,251

comex gold volumes are RISING AGAIN

Here is a summary of the latest gold trading volumes at the Comex per year

certainly the introduction of EFP’s has certainly had an effect:

Trading Volumes on the COMEX

Meanwhile, gold-trading volumes on the COMEX have never been higher:

end

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And now for the wild silver comex results.

Total silver OI FELL  BY A TINY 700  CONTRACTS FROM 206,170 DOWN TO  205,470 WITH YESTERDAY’S TINY 8 CENT LOSS.  WE WERE ALSO INFORMED THAT WE HAD ANOTHER LARGE SIZED 3408 EMERGENCY EFP’S FOR MARCH ISSUED BY OUR BANKERS (WITH 0 EFP CONTRACTS FOR MAY AND ZERO FOR ALL OTHER MONTHS) TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON: THE TOTAL EFP’S ISSUED: 3408.   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 AS WE HAVE JUST SEEN IN GOLD TODAY. THIS PROCESS HAS JUST BEGUN IN EARNEST IN SILVER STARTING IN SEPTEMBER 2017. HOWEVER, IN GOLD, WE HAVE BEEN WITNESSING THIS FOR THE PAST 2 YEARS. NICK LAIRD WAS KIND ENOUGH TO SUPPLY US THE TOTAL FOR 2017 GOLD EFP’S AND IT WAS 6600 TONNES FOR THE ENTIRE YEAR.  WE OBVIOUSLY HAD MINIMAL LONG COMEX SILVER LIQUIDATION BUT A GOOD SIZED GAIN IN TOTAL SILVER OI. WE ARE ALSO WITNESSING A FAIR AMOUNT OF SILVER OUNCES STANDING FOR COMEX METAL IN THIS NON ACTIVE JANUARY 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.  ON A NET BASIS WE GAINED 2708  SILVER OPEN INTEREST CONTRACTS:

700 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 3048 OI CONTRACTSNAVIGATING OVER TO LONDON.

NET GAIN TWO EXCHANGES: 2708 CONTRACTS

We are now in the poor non active delivery month of FEBRUARY and here the front month GAINED 202 contracts UP TO  214 contracts.  We had 2 notices filed upon yesterday so we GAINED 200 contracts or 1,000,000  ADDITIONAL oz will stand for delivery at the comex AS SOMEBODY BADLY NEEDED SOME PHYSICAL SILVER AT THE COMEX

The March contract lost 2961 contracts DOWN to 118,056

April gained 17 contracts up to 39.

.

We had 13 notice(s) filed for 65,000 for the FEBRUARY 2018 contract for silver

INITIAL standings for FEBRUARY

Feb7/2018.

we had 0 kilobar transaction/
We had 1 inventory movement at the dealer accounts
i) Into Delaware/a deposit of 2399.99 oz
total inventory deposit into the dealer accounts:  2399.99 oz
we had 1 withdrawals out of the customer account:
i) out of JPMorgan
we had 36,858.905 oz of gold transferred out of HSBC
total withdrawal: 36,858.905  oz
we had 0 customer deposit
total customer deposits: nil oz
we had 1 adjustments
i) Out of HSBC:  4462.713 oz was adjusted out of the dealer and into the customer account of HSBC.  this usually leads to a settlement of gold at the comex
total registered or dealer gold:  385,633.101 oz or 11.99 tonnes
total registered and eligible (customer) gold;   9,294,660.408 oz 289.10 tones

For FEBRUARY:
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 106 contract(s) of which 113 notices were stopped (received) by j.P. Morgan dealer and 3 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 FEBRUARY. contract month, we take the total number of notices filed so far for the month (1537) x 100 oz or 153,700 oz, to which we add the difference between the open interest for the front month of FEB. (1628 contracts) minus the number of notices served upon today (113 x 100 oz per contract) equals 305,200 oz, the number of ounces standing in this active month of FEBRUARY

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

No of notices served (1537 x 100 oz or ounces + {(1628)OI for the front month minus the number of notices served upon today (113 x 100 oz )which equals 305,200 oz standing in this active delivery month of February (9.4993 tonnes). THERE IS 11.99 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR.

WE LOST 44 CONTRACTS OR AN ADDITIONAL 4400 OZ WILL NOT STAND BUT THEY WILL JOIN OTHER LONGS AS THEY HAVE BEEN TRANSFERRED TO A LONDON BASED FORWARD THROUGH THE EFP ROUTE.

THE COMEX IS NOW UNDER STRESS AS THE REGISTERED GOLD FALLS BELOW 13 TONNES.

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IN THE LAST 17 MONTHS 65 NET TONNES HAS LEFT THE COMEX.

end

And now for silver

AND NOW THE DECEMBER DELIVERY MONTH

FEBRUARY FINAL standings

we had no inventory movement at the dealer side of things

total inventory movement dealer: nil oz

we had 2 inventory deposits into the customer account

i) into J.P.MORGAN: 605,120,500 oz

ii) into  Delaware:  181,757.820 oz

total inventory deposits: 726,931.07 oz

we had 2 withdrawals from the customer account;

i) out of HSBC: 20,050.180 oz

ii) out of Scotia:  24,747.190 oz

total withdrawals;  726,931.07  oz

we had 0 adjustment

total dealer silver:  43.080 million

total dealer + customer silver:  249,515 million oz

The total number of notices filed today for the FEBRUARY. contract month is represented by 13 contract(s) FOR 65,000 oz. To calculate the number of silver ounces that will stand for delivery in FEBRUARY., we take the total number of notices filed for the month so far at 139 x 5,000 oz = 695,000 oz to which we add the difference between the open interest for the front month of FEB. (214) and the number of notices served upon today (13 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the FEB contract month: 139(notices served so far)x 5000 oz + OI for front month of FEBRUARY(214) -number of notices served upon today (13)x 5000 oz equals 1,700,000 oz of silver standing for the FEBRUARY contract month.

WE GAINED 200 CONTRACTS OR AN ADDITIONAL 1,000,000 OZ WILL  STAND AT THE COMEX

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ESTIMATED VOLUME FOR TODAY: 129,663

CONFIRMED VOLUME FOR YESTERDAY: 109,181 CONTRACTS

YESTERDAY’S CONFIRMED VOLUME OF 109,181 CONTRACTS EQUATES TO  546 MILLION OZ OR 77.9% 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 -2.15% (FEB 6/2018)
2. Sprott gold fund (PHYS): premium to NAV RISES TO -0.25% to NAV (FEB 6/2018 )
Note: Sprott silver trust back into NEGATIVE territory at -2.14%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.25%/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)

3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA): NAV FALLS TO -3.79%: NAV 13.72/TRADING 13.20//DISCOUNT 3.79%

END

And now the Gold inventory at the GLD/

 

FEB 7/AN UNBELIEVABLE 12.08 TONNES WAS REMOVED BY THE CROOKED BANKERS AND THIS GOLD WAS USED IN THE ASSAULT THESE PAST FEW DAYS/INVENTORY RESTS AT 829.27 TONNES

Feb 6/AGAIN VERY STRANGE: WITH TODAY’S TURMOIL, THE CROOKS DID NOT ADD ANY GOLD INVENTORY INTO THE GLD/INVENTORY REMAINS AT 841.35 TONNES

Feb 5  Strange,with all of today’s turmoil, the crooks at the GLD decided to add zero ounces into GLD inventory/inventory rests at 841.35 tonnes

Feb 2/no change in gold inventory at the GLD/Inventory rests at 841.35 tonnes

Feb 1/with gold up by $8.00/the crooks decided not to add any new physical gold metal into the GLD./inventory rests at 841.35 tonnes

Jan 31/with gold up $3.15 today, GLD shed another 5.32 tonnes of gold from its inventory/inventory rests at 841.35 tonnes

jan 30/with gold down by $4.85/GLD shed another 1.47 tonnes of gold from its inventory/inventory rests at 846.67 tonnes

JAN 29/with gold down $11.25, the GLD shed 1.18 tonnes of gold/inventory rests at 848.14 tonnes

jan 26/2018/no changes in gold inventory at the GLD/inventory rests at 849.32 tonnes

jan 25/no changes in gold inventory at the GLD/inventory rests at 849.32 tonnes

Jan 24/A HUGE DEPOSIT OF 2.65 TONNES OF GOLD INTO GLD/INVENTORY RESTS AT 849.32 TONNES

Jan 23/NO CHANGE IN GOLD INVENTORY DESPITE GOLD’S RISE/INVENTORY RESTS AT 846.67 TONNES

Jan 22/a huge deposit of 5.71 tonnes of gold despite a drop in price/inventory rests at 846.67 tonnes. In 3 trading days, the GLD has added 17.71 tonnes/the bankers are now in trouble!!

Jan 19/no change in gold inventory at the GLD/Inventory rests at 840.76 tonnes

Jan 18/SHOCKINGLY A HUGE DEPOSIT OF 11.80 TONNES WITH GOLD DOWN ALMOST $12.00/INVENTORY RESTS AT 840.76

Jan 17/no changes in gold inventory at the GLD/inventory rests at 828.96 tonnes

Jan 16/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.96 TONNES

Jan 12/no changes in inventory at the GLD despite the rise in gold price/inventory rests at 828.96 tonnes

Jan 11/ANOTHER IDENTICAL WITHDRAWAL OF 2.95 TONNES FROM THE GLD INVENTORY/INVENTORY RESTS AT 828.96 TONNES

Jan 10/with gold up today, a strange withdrawal of 2.95 tonnes/inventory rests at 831.91 tonnes

Jan 9/no changes in gold inventory at the GLD/Inventory rests at 834.88 tonnes

Jan 8/with gold falling by a tiny $1.40 and this being after 12 consecutive gains, today they announce another 1.44 tonnes of gold withdrawal from the GLD/

Jan 5/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 836.32 TONNES

Jan 4/2018/no change in gold inventory at the GLD/Inventory rests at 836.32 tonnes

Jan 3/a huge withdrawal of 1.18 tonnes of gold from the GLD/Inventory rests at 836.32 tonnes

Jan 2/2018/no changes in gold inventory at the GLD/inventory rests at 837.50 tonnes

Dec 29/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 837.50 TONNES

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

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Feb 7/2018/ Inventory rests tonight at 829.27 tonnes

*IN LAST 321 TRADING DAYS: 111.88 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 255 TRADING DAYS: A NET 45.43 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.

end

Now the SLV Inventory

FEB 7/no change in silver inventory at the SLV/Inventory rests at 314.045 million oz/

Feb 6/WITH ALL OF TODAY’S TURMOIL/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 314.045 MILLION OZ/

Feb 5/ we had HUGE change in silver inventory at the SLV/ A DEPOSIT OF 1.131 MILLION OZ INTO THE SLV/Inventory rests at 314.045 million oz/

Feb 2/we lost 982,000 oz from the SLV inventory /inventory rests at 312.914 million oz/

Feb 1/no change in silver inventory at the SLV/Inventory rests at 313.896 million oz/

Jan 31/ no change in inventory at the slv in total contrast to gold/inventory rests at 313.896 million oz/

Jan 30/no change in inventory/SLV inventory rests at 313.896 million oz/

Jan 29/no change in inventory/SLV inventory rests at 313.896 million oz/

Jan 26.2018/inventory rests at 313.896  million oz

Jan 25/with silver up today and yesterday, the SLV could only muster a gain of 848,000 oz

Inventory rests at 313.896 oz

jan 24/NO CHANGE IN SILVER INVENTORY DESPITE THE GOOD ADVANCE IN PRICE/INVENTORY RESTS AT 313.048 MILLION OZ/

Jan 23/ANOTHER HUGE WITHDRAWAL OF 1.131 MILLION OZ OF SILVER DESPITE THE TINY LOSS/THE CROOKS ARE USING THE INVENTORY TO RAID ON SILVER.

JAN 22.2018/with silver down by 5 cents/ the crooks at the SLV liquidate 1.321 million oz of silver/inventory rests at 314.179 million oz/

Jan 19/ no changes in silver inventory at the SLV/inventory rests at 315.500 million oz/

jan 18/A WITHDRAWAL OF 848,000 OZ OF SILVER FROM THE SLV/INVENTORY RESTS AT 315.500 MILLION OZ/

Jan 17/no changes in silver inventory at the SLV/inventory rests at 316.348 million oz/

Jan 16/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.348  MILLION OZ

Jan 12/no changes in silver inventory at the SLV/inventory rests at 316.348 million oz/

Jan 11/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.348 MILLION OZ/

Jan 10/with silver up again, we had a huge withdrawal of 1.227 million oz from the SLV/inventory rests at 316.348 million oz

Jan 9/a withdrawal of 848,000 oz from the SLV/Inventory rests at 317.575 million oz/

jan 8/no change in silver inventory at the SLV/Inventory rests at 318.423 million oz/

Jan 5/DESPITE NO CHANGE IN SILVER PRICING, WE HAD A HUGE WITHDRAWAL OF 2.026 MILLION OZ/INVENTORY RESTS AT 318.423 MILLION OZ.

Jan 4.2018/a slight withdrawal of 180,000 oz and this would be to pay for fees/inventory rests at 320.449 million oz/

Jan 3/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.629 MILLION OZ.

Jan 2/WITH SILVER UP DRAMATICALLY THESE PAST 4 TRADING DAYS, THE FOLLOWING MAKES NO SENSE: WE HAD A WITHDRAWAL OF 2.83 MILLION OZ FROM THE SLV

INVENTORY RESTS AT 320.629 MILLION OZ/

Dec 29/no changes in silver inventory at the SLV/inventory rests at 323.459 million oz/

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/

.

Feb 7/2017:

Inventory 314.045 million oz

end

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

+ 1.71%
12 Month MM GOFO
+ 2.09%

end