Harvey Organ: The Algorithms Are Holding Gold & Silver In Check

The algorithmic computerized trading is keeping gold & silver prices in check. Here’s Harvey with an important update…

by Harvey Organ of Harvey Organ Blog

FEB 12/GOLD UP $2.20 TO $1310.60/SILVER UP 3 CENTS TO $15.72 AS ALGOS HOLD BOTH METALS IN CHECK/BANK OF JAPAN NOW BEGINS TO TAPER GOVERNMENT BOND PURCHASES AS THEY ARE RUNNING OUT OF BONDS TO BUY/TRUMP NOT HAPPY WITH WALL COMPROMISE BUT STATES THAT HE WILL NOT SHUT DOWN GOVERNMENT/DOW RISES BY 272 POINTS AND NASDAQ UP 106 POINTS/MORE SWAMP STORIES FOR YOU TONIGHT/

GOLD: $1310.60 UP $2.20 (COMEX TO COMEX CLOSING)

Silver:   $15.72 UP 3 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold :  1310.80

 

silver: $15.71

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For comex gold and silver:

FEBRUARY

 

 

 

NUMBER OF NOTICES FILED TODAY FOR  FEB CONTRACT: 73 NOTICE(S) FOR 7300 OZ (0.227 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  9209 NOTICES FOR 920900 OZ  (28.643 TONNES)

 

 

SILVER

 

FOR FEBRUARY

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0 NOTICE(S) FILED TODAY FOR nil  OZ/

 

total number of notices filed so far this month: 535 for 2,675,000

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Bitcoin: OPENING MORNING TRADE $3621:DOWN $10

 

Bitcoin: FINAL EVENING TRADE: $3650 up $17.

 

end

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

today 36/73

EXCHANGE: COMEX
CONTRACT: FEBRUARY 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,307.000000000 USD
INTENT DATE: 02/11/2019 DELIVERY DATE: 02/13/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
657 C MORGAN STANLEY 3
661 C JP MORGAN 7
661 H JP MORGAN 29
690 C ABN AMRO 50
737 C ADVANTAGE 23 19
880 H CITIGROUP 15
____________________________________________________________________________________________

TOTAL: 73 73
MONTH TO DATE: 9,209

 

 

 

 

 

Let us have a look at the data for today

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In silver, the total OPEN INTEREST ROSE BY A GOOD SIZED 2150 CONTRACTS FROM 213,055 UP TO 215,205 WITH YESTERDAY’S 13 CENT LOSS  IN SILVER PRICING AT THE COMEX. TODAY WE ARRIVED CLOSER TO  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 WE NOW HAVE JUST LESS THAN 22 MILLION OZ STANDING IN DECEMBER. 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:

217 EFP’S FOR MARCH,  0 FOR APRIL, 49 FOR MAY, 0 FOR DECEMBER AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE: OF 266 CONTRACTS. WITH THE TRANSFER OF 266 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 6266 EFP CONTRACTS TRANSLATES INTO 1.330 MILLION OZ  ACCOMPANYING:

1.THE 13 CENT LOSS IN SILVER PRICE AT THE COMEX AND

2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST SIX 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 2.690 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: 6476 CONTRACTS (FOR 8 TRADING DAYS TOTAL 6476 CONTRACTS) OR 32.380 MILLION OZ: (AVERAGE PER DAY: 810 CONTRACTS OR 4.048 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF FEB:  32.38 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 4.62% 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:           249.84    MILLION OZ. (CORRECTED)

JANUARY 2019 EFP TOTALS:                                                      217.455. MILLION OZ.

 

 

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2308 DESPITE THE 13 CENT LOSS IN SILVER PRICING AT THE COMEX //YESTERDAY..THE CME NOTIFIED US THAT WE HAD  SMALL SIZED EFP ISSUANCE OF 266 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 STRONG SIZED: 2416 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:

i.e 266 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH INCREASE OF 2150 OI COMEX CONTRACTS. AND ALL OF THIS  DEMAND HAPPENED WITH A 13 CENT LOSS INPRICE OF SILVER  AND A CLOSING PRICE OF $15.69 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. 1.075 BILLION OZ TO BE EXACT or 150% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED AT THE COMEX: 0 NOTICE(S) FOR nil 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:  2.690 MILLION OZ/
  2. HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018) AND NOW AUGUST 22/2018:  244,196 CONTRACTS,  WITH A SILVER PRICE OF $14.78.
  3. HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017
  4. RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLIONOZ/  AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ

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

 

IN GOLD, THE OPEN INTEREST FELL BY A CONSIDERABLE SIZED 3167 CONTRACTS DOWN TO 476,170 WITH THE LOSS IN THE COMEX GOLD PRICE/(A DROP IN PRICE OF $6.25//YESTERDAY’S TRADING).

 

 

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A GOOD  SIZED 4052 CONTRACTS:

 

MARCH HAD AN ISSUANCE OF 0 CONTACTS  APRIL 3702 CONTRACTS, DECEMBER: 350 CONTRACTS AND ALL OTHER MONTHS ZERO.  The NEW COMEX OI for the gold complex rests at 476,170. 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 SMALL SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 885 CONTRACTS: 3167 OI CONTRACTS DECREASED AT THE COMEX AND 4052 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN: 885 CONTRACTS OR 88,500 OZ = 2.75 TONNES. AND ALL OF THIS DEMAND OCCURRED WITH A LOSS IN THE PRICE OF GOLD/ YESTERDAY TO THE TUNE OF $6.25.

 

 

 

 

 

YESTERDAY, WE HAD 2549 EFP’S ISSUED.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY : 42,912 CONTRACTS OR 4,291,200 OZ  OR 133.47 TONNES (8 TRADING DAYS AND THUS AVERAGING: 5551 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 8 TRADING DAYS IN  TONNES: 133.47 TONNES

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

THUS EFP TRANSFERS REPRESENTS 133.47/2550 x 100% TONNES = 5.23% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***

ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE:     653.62  TONNES  (CORRECTED)

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 CONSIDERABLE SIZED DECREASE IN OI AT THE COMEX OF 3167 WITH THE LOSS IN PRICING ($6.25) THAT GOLD UNDERTOOK YESTERDAY) //.WE ALSO HAD A GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 4052 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 4052 EFP CONTRACTS ISSUED, WE HAD A GOOD GAIN OF 885 CONTRACTS IN TOTAL OPEN INTEREST  ON THE TWO EXCHANGES:

4052 CONTRACTS MOVE TO LONDON AND 3167 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 3.496 TONNES). ..AND ALL OF THIS  DEMAND OCCURRED WITH THE LOSS OF $6.25 IN YESTERDAY’S TRADING AT THE COMEX

 

 

we had:  73 notice(s) filed upon for 7300 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 UP $2.20 TODAY

 

NO CHANGE IN GOLD INVENTORY

 

 

 

 

/GLD INVENTORY   802.12 TONNES

Inventory rests tonight: 802.12 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  IN PRICE  TODAY:

 

NO CHANGE IN SILVER INVENTORY AT THE SLV

 

 

 

 

 

/INVENTORY RESTS AT 307.873 MILLION OZ.

Let us head over to the comex:

 

THE TOTAL COMEX GOLD OPEN FELL BY AN GOOD SIZED 3167 CONTRACTS DOWN TO A LEVEL OF 476,170 WITH THE LOSS IN THE PRICE OF GOLD ($6.25) IN YESTERDAY’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  NON ACTIVE DELIVERY MONTH OF JANUARY..  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 4052 EFP CONTRACTS WERE ISSUED:

FOR MARCH:  0. FOR APRIL 3702, FOR DECEMBER: 350 AND  ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  4052 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:  885 TOTAL CONTRACTS IN THAT 4052 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST A GOOD SIZED 3167 COMEX CONTRACTS.

NET GAIN ON THE TWO EXCHANGES:885 contracts OR 88500  OZ OR 2.75 TONNES.

 

We are now in the active contract month of FEBRUARY and here the open interest stands at 663 contracts, and thus undergoing a loss of 26 contracts.  We had 55 contracts stand for delivery yesterday so we GAINED A CONSIDERABLE 29 contracts or 2900 additional oz 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]!

 

The next non active delivery month after February is  March and here we gained 0 contracts to stand at 1670.  After March, the next big delivery month is April and here the OI fell by 3673 contracts down to 338,643 contracts.

 

TODAY’S NOTICES FILED:

WE HAD 73 NOTICES FILED TODAY AT THE COMEX FOR 7300 OZ. (0.227 tonnes)

 

 

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And now for the wild silver comex results.

Total COMEX silver OI ROSE BY A STRONG SIZED 2150  CONTRACTS FROM 213,055 UP TO 215,205(AND CLOSER TO THE NEW RECORD OI FOR SILVER SET ON AUGUST 22.2018.  (THE PREVIOUS RECORD WAS SET APRIL 9.2018/ 243,411 CONTRACTS) AND TODAY’S OI COMEX GAIN  OCCURRED WITH A 13 CENT LOSS IN PRICING.

 

WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF FEBRUARY AND THE  AMOUNT OF OPEN INTEREST READY TO STAND IS  3 CONTRACTS, HAVING LOST 5 CONTRACTS FROM YESTERDAY.  WE HAD 7 NOTICES FILED YESTERDAY SO WE GAINED 2 CONTRACTS OR AN ADDITIONAL 10,000 OZ WILL STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF FEBRUARY.

 

.

 

 

 

THE NEXT NON ACTIVE DELIVERY MONTH AFTER FEBRUARY IS THE VERY BIG AND ACTIVE DELIVERY MONTH OF MARCH AND HERE THE OI FELL BY 3557 CONTRACTS DOWN TO 122,349 CONTRACTS. AFTER MARCH, APRIL FELL TO 58 CONTRACTS FOR A LOSS OF 1 CONTRACT.  AFTER APRIL, THE NEXT BIG ACTIVE DELIVERY MONTH IS MAY AND HERE THE OI ADVANCED BY 4718 CONTRACTS UP TO 57,339 CONTRACTS.

 

 

 

 

ON A NET BASIS WE GAINED 2416 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED A 2150 CONTRACT GAIN AT THE COMEX COMBINING WITH THE ADDITION OF 266 OI CONTRACTS NAVIGATING OVER TO LONDON.

NET GAIN ON THE TWO EXCHANGES:  2416 CONTRACTS…AND ALL OF THIS DEMAND OCCURRED WITH A 13 CENT LOSS IN PRICING// YESTERDAY

 

 

 

 

 

 

 

 

 

TODAY’S NUMBER OF NOTICES FILED:

 

We, today, had 0 notice(s) filed for nil OZ for the FEB, 2019 COMEX contract for silver

Trading Volumes on the COMEX TODAY:  144,295 CONTRACTS

 

 

CONFIRMED COMEX VOL. FOR YESTERDAY:  162,104  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 11 /2019.

we had 0 dealer entries:

 

 

total dealer deposits: NIL oz

total dealer withdrawals: 0 oz

We had 2 kilobar entries

 

we had 0 deposit into the customer account

 

total gold deposits: nil oz

we had 3 gold withdrawals from the customer account:

i) out of Brinks:  96.45 oz  3 kilobars

ii) Out of HSBC;  132,321.846  oz

iii) Out of Scotia: 64.300 oz  (2 kilobars)

 

 

total gold withdrawing from the customer;  132,482.596 oz

for the 2nd day in a row, a huge amount of gold leaves the customer account.

 

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 73 contract(s) of which 29 notices were stopped (received) by j.P. Morgan dealer and 7 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 (9209) x 100 oz , to which we add the difference between the open interest for the front month of FEB. (663 contract) minus the number of notices served upon today (73 x 100 oz per contract) equals 979,900 OZ OR 30.479 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 (9209 x 100 oz)  + {663)OI for the front month minus the number of notices served upon today (73 x 100 oz )which equals 979,900 oz standing OR 30.479 TONNES in this active delivery month of FEBRUARY.

WE GAINED 29 CONTRACTS OR AN ADDITIONAL 2900 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 OF GOLD./

 

 

 

 

THERE ARE ONLY 23.13 TONNES OF REGISTERED COMEX GOLD AVAILABLE FOR DELIVERY AGAINST 30.388 TONNES STANDING FOR FEBRUARY

OF WHICH 28.643 TONNES OF GOLD HAVE ALREADY BEEN SERVED UPON SO FAR THIS MONTH.

 

 

total registered or dealer gold:  743,812.931 oz or   23.13 tonnes
total registered and eligible (customer) gold;   8,221,234.495 oz 255.71 tonnes

FOR COMPARISON FEBRUARY 2019 TO THE  FEBRUARY 2018 COMEX GOLD CONTRACT MONTH

 

 

 

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.

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 CNT:  605,505.887 oz

 

 

 

 

 

 

 

 

total customer deposits today: 605,505.887   oz

 

we had 3 withdrawals out of the customer account:

 

i) Out of Delaware:  7092.487  oz

ii) Out of HSBC:  20,036.810 oz

iii) Out of jPMorgan: 1,196,893.800 oz

 

 

 

 

 

 

 

total withdrawals: 1,224,023.177    oz

 

we had 0 adjustment..

 

 

 

total dealer silver:  88.636 million

total dealer + customer silver:  296.732 million oz

 

The total number of notices filed today for the FEBRUARY 2019. contract month is represented by 0 contract(s) FOR  nil  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 535 x 5,000 oz = 2,675,000 oz to which we add the difference between the open interest for the front month of FEB. (3) and the number of notices served upon today (0x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the FEBRUARY/2019 contract month: 535(notices served so far)x 5000 oz + OI for front month of FEB( 3) -number of notices served upon today (0)x 5000 oz equals 2,690,000 oz of silver standing for the FEBRUARY contract month.  This is a strong number of oz standing for an off delivery month.

WE GAINED 2 CONTRACTS OR AN ADDITIONAL 10,000 OZ WILL STAND AT THE COMEX AS THESE GUYS REFUSED TO MORPH INTO LONDON BASED FORWARDS AND ALSO NEGATING A FIAT BONUS. QUEUE JUMPING CONTINUES AT THE COMEX UNABATED.

 

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.

 

 

 

 

 

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TODAY’S SILVER VOLUME:  77,158 CONTRACTS

 

 

CONFIRMED VOLUME FOR YESTERDAY: 70,194 CONTRACTS…

 

 

 

 

YESTERDAY’S CONFIRMED VOLUME OF 70,194 CONTRACTS EQUATES to 350 million OZ  50.1% OF ANNUAL GLOBAL PRODUCTION OF SILVER

COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.

The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42
The previous record was 224,540 contracts with the price at that time of $20.44

end

NPV for Sprott 

1. Sprott silver fund (PSLV): NAV FALLS TO -3.63% (FEB 11/2019)
2. Sprott gold fund (PHYS): premium to NAV RISES TO -.64% to NAV (FEB 11 /2019 )
Note: Sprott silver trust back into NEGATIVE territory at -3.63%-/Sprott physical gold trust is back into NEGATIVE/

(courtesy Sprott/GATA)

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

NAV 13.27/TRADING 12.82/DISCOUNT 3.41

END

And now the Gold inventory at the GLD/

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 12/2019/ Inventory rests tonight at 802.12 tonnes

*IN LAST 545 TRADING DAYS: 132.93 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 445 TRADING DAYS: A NET 27.06 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.

 

end

 

Now the SLV Inventory/

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 11/2019:

 

Inventory 307.873 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 2.22/ and libor 6 month duration 2.73

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

G0LD LENDING RATE: + .51

 

 

XXXXXXXX

12 Month MM GOFO
+ 2.56%

LIBOR FOR 12 MONTH DURATION: 2.92

GOFO = LIBOR – GOLD LENDING RATE

GOLD LENDING RATE  = +.36

end