Silver Refuses to Buckle! – Harvey Organ

SILVER REFUSES TO BUCKLE!

 

SILVER OPEN INTEREST ON THE COMEX CLIMBS ABOVE 201,000 CONTRACTS/YESTERDAY’S CONFIRMED SILVER VOLUME: 83,588 CONTRACTS OR 417 MILLION OZ/GLD LOSES 1.78 TONNES BUT THE SLV GAINS 1.136 MILLION OZ/NORTH KOREA READY FOR ANOTHER NUCLEAR TEST/UK SIGNS ARTICLE 50 AND THUS BREXIT OFFICIALLY BEGINS/THREE CITIES: LA, CHICAGO AND NY TO FIGHT IN COURT THE SANCTUARY DEFUNDING

Buy 90% Junk Silver Coins Online!
Just $0.99/oz Over Spot!

Gold: $1253.40  DOWN $1.90

Silver: $18.22  UP 0  cents

Closing access prices:

Gold $1253.40

silver: $18.25!!!

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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: 1261.07 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  1248.20

PREMIUM FIRST FIX:  $12.87

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SECOND SHANGHAI GOLD FIX: 1262.83

NY GOLD PRICE AT THE EXACT SAME TIME: 1249.37

Premium of Shanghai 2nd fix/NY:$13.46

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LONDON FIRST GOLD FIX:  5:30 am est  1252.90

NY PRICING AT THE EXACT SAME TIME: 1252.95

LONDON SECOND GOLD FIX  10 AM: 1251.15

NY PRICING AT THE EXACT SAME TIME. 1252.95

 

For comex gold:

MARCH/

NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH:  10 NOTICE(S) FOR 1000 OZ.  TOTAL NOTICES SO FAR: 143 FOR 14,300 OZ    (0.4447 TONNES)

 
 
 

For silver:

For silver: MARCH

30 NOTICES FILED TODAY FOR 150,000 OZ/

Total number of notices filed so far this month: 3855 for 19,275,000 oz

We have now entered options expiry week so expect gold and silver to be subdued from today forward.

 

The OTC/LBMA options expiry is the morning of March 31.

I would expect the bankers to raid tomorrow, probably beginning in the access market and continuing on into first day notice on Friday. They will be hugely concerned if the open interest for silver is another strong gain.

 

Let us have a look at the data for today

.

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In silver, the total open interest  ROSE BY A HEALTHY 3,748 contracts UP to 201,829  with the  RISE IN PRICE ( 14 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO SLOWLY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.009 BILLION TO BE EXACT or 144% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH: THEY FILED: 30 NOTICE(S) FOR 150,000 OZ OF SILVER

In gold, the total comex gold also FELL BY A HUGE 22,987  contracts DESPITE THE SLIGHT FALL IN THE PRICE OF GOLD ($0.10 with YESTERDAY’S TRADING).We thus continue with the strange events that every time we enter an active month, the open interest obliterates, rather than rolling to the next active month. The total gold OI stands at 449,418 contracts.

we had 10 notice(s) filed upon for 1000 oz of gold.

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

GLD:

We had another change in tonnes of gold at the GLD: this time a withdrawal of 1.78 tonnes out of the GLD.

This gold no doubt is heading over to Shanghai.

Inventory rests tonight: 833.51 tonnes

.

SLV

We had a big change in inventory at the SLV/a deposit of 1.136 million oz of silver into the SLV/

THE SLV Inventory rests at: 333.640 million oz

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver ROSE BY 3748 contracts UP TO  to 201,829 AS SILVER WAS UP 14 CENT(S) with YESTERDAY’S trading. The gold open interest FELL BY A HUGE 22,987 contracts DOWN to 449,418 DESPITE THE SLIGHT FALL IN THE PRICE OF GOLD OF $0.10  (YESTERDAY’S TRADING).

(report Harvey

.

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

3. ASIAN AFFAIRS

i)Late  TUESDAY night/WEDNESDAY morning: Shanghai closed DOWN 11.66 POINTS OR .36%/ /Hang Sang CLOSED UP 46.18 POINTS OR 0.19% . The Nikkei closed UP 14.61 OR 0.08% /Australia’s all ordinaires  CLOSED UP 0.86%/Chinese yuan (ONSHORE) closed DOWN at 6.8879/Oil ROSE to 48.61 dollars per barrel for WTI and 51.56 for Brent. Stocks in Europe ALL MIXED   ..Offshore yuan trades  6.8679 yuan to the dollar vs 6.8879 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE  NARROWS AGAIN/ ONSHORE YUAN WEAKER AND THE OFFSHORE YUAN  IS  WEAKER AND THIS IS  COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA IS SATISFIED WITH WASHINGTON’S RESPONSE 

3a)THAILAND/SOUTH KOREA/NORTH KOREA

NORTH KOREA

Just what the world needs right now: North Korea is actively preparing for another nuclear test.  And they have a bozo nut head for a leader, Kim Jong-UN

( zero hedge)

b) REPORT ON JAPAN

none today

c) REPORT ON CHINA

4. EUROPEAN AFFAIRS

i)UK

Brexit letter is now signed and thus article 50 is triggered:

( zero hedge)

ii)Donald Trusk receives article 50 letter from the UK.  The following explains what happens next:

( zero hedge)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.GLOBAL ISSUES

7. OIL ISSUES

Oil rises higher on a smaller and expected crude build.  However uSA crude production, the most important data point rose again to its highest level since 2016

( zero hedge)

8. EMERGING MARKETS

9.   PHYSICAL MARKETS

i)Chris Powell goes on the air in India.  He correctly states that a free market in gold would enrich their country greatly due to their 24,000 tonnes of private gold owned by citizens and temples

( Chris Powell/GATA)

ii)Shandong gold mines says that it found a huge gold deposit equivalent to 383 tonnes (12,3 million oz)and may reach over 550 tonnes (17.6 million oz) over the life of the mine.

(Bloomberg/GATA)

10. USA stories

i)The following is a must read as David Stockman talks about the budgetary resolution and reconciliation process that the Republicans now face.  Stockman states (and he is the former budgetary director for the Reagan administration) that this will be impossible and there will be no money at all for any of Trump’s new wishes for tax cuts and infrastructure spending as well as money for defense.

in a nutshell, the uSA is in a mess..

a must read..

( David Stockman/Daily Reckoning)

ii)It looks like there will not be funding for Trump’s wall in this fiscal year 2017. It may force a government shutdown

( zero hedge)

iii)Deutsche bank now gives odds of a government shutdown on April 28 at an extremely high 40%.

( zero hedge)

iv)The major cities of Los Angeles, New York and Chicago are now vowing to defy Trump’s santuary defunding through the courts.

( zero hedge)

v)Pending home sales with a massive beat up 5.55 month over month vs 2.5% expectations.

( zero hedge)

vi)Trump may get his wish as the Obamacare explosion may come as early as May 22.  Trump has to decide whether to fund subsidies in a cost sharing exercise.  The Republicans sued and won in court but Obama appealed.  That appeal is coming up on May 22 and if Trump negates the funding Obamacare is dead.

( zero hedge)

vii)Dave Kranzler talks about 3 black swans that can bury the economy:

  1. the Debt ceiling
  2. the mess in the USA bricks and mortar/shopping malls
  3.  the looming pension (underfunding) problem

( Dave Kranzler/IRD)

viii)Republicans state that they are going to try another Obamacare vote next week. Good luck to them. It will not happen

( zero hedge)

ix) Lululemon plunges 17% on poor guidance.

So much for the higher “soft data” consumer confidence!

( zero hedge)

Let us head over to the comex:

The total gold comex open interest COLLAPSED BY A HUGE 22,987 CONTRACTS DOWN to an OI level of 449,418 DESPITE THE SLIGHT FALL IN THE PRICE OF GOLD ( $0.10 with YESTERDAY’S trading). We continue to witness the same events as the open interest obliterates once we are about to enter an active delivery month. We are now in the contract month of MARCH and it is one of the poorer delivery months  of the year. In this MARCH delivery month  we had a LOSS of 57 contract(s) FALLING TO  13. We had 51 contact(s) served YESTERDAY, so we LOST 6 gold contracts or an additional 600 oz will not stand for delivery in this non active delivery month of March. The next active contract month is April and here we saw it’s OI LOST 45,222 contracts DOWN TO 78,683 contracts.

For comparison purposes, the April 2016 contract at this time had an OI of 87,565 contracts. At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.

The non active May contract month GAINED 422 contract(s) and thus its OI is 2008 contracts. The next big active month is June and here the OI ROSE by 21,182 contracts up to 260,178.

We had 10 notice(s) filed upon today for 1000 oz

 

 
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 And now for the wild silver comex results.  Total silver OI ROSE BY 3748 contracts FROM 198,081 UP TO 201,829 WITH YESTERDAY’S 14 CENT GAIN.  THE BANKERS SUPPLIED THE NECESSARY CONTRACTS TO OUR HEDGE FUND LONGS WHO CONTINUE TO PILE INTO SILVER ON THE LONG SIDE.  We are moving CLOSER TO the all time record high for silver open interest set on Wednesday August 3/2016:  (224,540). The closing price of silver that day: $20.44. WE ARE ONLY 22,000 CONTRACTS AWAY FROM RECORD HIGHS IN OI AND YET WE ARE $2.30 BELOW THE PRICE OF $20.44 WHEN THAT RECORD WAS SET.
 
 

We are in the active delivery month is March and here the OI decreased by 0 contracts falling to 47 contracts. We had 30 notices served yesterday so we  gained 30 silver contracts or an additional 150,000 oz of silver that will stand in this active delivery month of March.

For historical reference: on the first day notice for the March/2016 silver contract:  19,020,000 oz stood for delivery . However the final amount standing at the end of March 2016:  6,755,000 oz as the banker boys were busy convincing holders of many silver contracts to cash settle just like they did today.

The April/2017 contract month LOST 175 contract(s) to 775 contracts. The next active contract month is May and here the open interest GAINED 852 contracts UP to 147,748 contracts.

FOR COMPARISON

Initially for the April 2016 contract, 1,180,000 oz stood for delivery.  At the end of April 2016: 6,775,000 oz as bankers needed much silver to fill major holes elsewhere.

 

We had 30 notice(s) filed for 150,000 oz for the MARCH 2017 contract.

 
 
 
 

VOLUMES: for the gold comex

Today the estimated volume was 197,757  contracts which is fair.

Yesterday’s confirmed volume was 363,743 contracts  which is excellent.(many rolls)

volumes on gold are getting higher!

 
INITIAL standings for MARCH
 March 29/2017.
 
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 
 
 
 
 
 nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz nil oz 
Deposits to the Customer Inventory, in oz 
 
 
 
 
 
 
 2636.300 oz
Scotia
82 kilobars
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
 
10 notice(s)
1000 oz
 
 
No of oz to be served (notices)
3 contracts
300 oz
 
Total monthly oz gold served (contracts) so far this month
 
143 notices
14300 oz
0.4447 tonnes
Total accumulative withdrawals  of gold from the Dealers inventory this month   NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month 122,843.3 oz
 
 
 
Today we HAD 1 kilobar transaction(s)/
 
Today we had 0 deposit(s) into the dealer:
 
 
 
total dealer deposits: nil oz
 
We had nil dealer withdrawals:
 
 
total dealer withdrawals:  nil oz
 
 
we had 1  customer deposit(s):
 
 
 i) Into Scotia: 2636.300 oz
Scotia
82 kilobars
 
 
 
 
 
 
 
total customer deposits; 2636.300   oz
 
We had 0 customer withdrawal(s)
 
 
 
 
 
total customer withdrawal: nil  oz
 
 
 
 
We had 0   adjustment(s)
 
 
 
For MARCH:
 

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 10 contract(s)  of which 0 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.

 
 
 
 
 
 
 
 
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To calculate the initial total number of gold ounces standing for the MARCH. contract month, we take the total number of notices filed so far for the month (143) x 100 oz or 14,300 oz, to which we add the difference between the open interest for the front month of MARCH (13 contracts) minus the number of notices served upon today (10) x 100 oz per contract equals 14,600 oz, the number of ounces standing in this NON  active month of MARCH.
 
Thus the INITIAL standings for gold for the MARCH contract month:
No of notices served so far (143) x 100 oz  or ounces + {(13)OI for the front month  minus the number of  notices served upon today (10) x 100 oz which equals 14,600 oz standing in this non active delivery month of MARCH  (.4541 tonnes)
 
we lost 6 contracts or an additional 600 oz that will not stand for delivery in March.
 
 
 
 
 
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On first day notice for MARCH 2016, we had 2.146 tonnes of gold standing. At the conclusion of the month we had 2.311 tonnes standing.
 
 
 
 
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I have now gone over all of the final deliveries for this year and it is startling.
First of all:  in 2015 for the 13 months: 51 tonnes delivered upon for an average of 4.25 tonnes per month.
Here are the final deliveries for all of 2016 and the first month of January 2017
Jan 2016:  .5349 tonnes  (Jan is a non delivery month)
Feb 2016:  7.9876 tonnes (Feb is a delivery month/deliveries this month very low)
March 2016: 2.311 tonnes (March is a non delivery month)
April:  12.3917 tonnes (April is a delivery month/levels on the low side
And then something happens and from May forward deliveries boom!
May; 6.889 tonnes (May is a non delivery month)
June; 48.552 tonnes ( June is a very big delivery month and in the end deliveries were huge)
July: 21.452 tonnes (July is a non delivery month and generally a poor one/not this time!)
August: 44.358 tonnes (August is a good delivery month and it came to fruition)
Sept:  8.4167 tonnes (Sept is a non delivery month)
Oct; 30.407 tonnes complete.
Nov.    8.3950 tonnes.
DEC.   29.931 tonnes
JAN/     3.9004 tonnes
FEB/ 18.734 tonnes
March: 0.4541 tonnes
 
total for the 15 months;  244.684 tonnes
average 16.312 tonnes per month vs last yr  61.82 tonnes total for 15 months or 4.12 tonnes average per month (last yr).
 
 
 
 
 
 
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Total dealer inventory 1022,342.417 or 31.799 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,976,446.085 or 279.205 tonnes 
 
 
 
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 279.205 tonnes for a  loss of 24  tonnes over that period.  Since August 8/2016 we have lost 75 tonnes leaving the comex. However I am including kilobar transactions and they are very suspect at best
 
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 8 MONTHS  75 NET TONNES HAS LEFT THE COMEX.
 
end
 
And now for silver
 
AND NOW THE MARCH DELIVERY MONTH
 
MARCH INITIAL standings
 March 29. 2017
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 
 
 
 
 
90,859.400 oz
 
 Scotia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 
 
nil oz
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 
 
 
 
 
 4,196.037 oz
 
 Delaware
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
30 CONTRACT(S)
(150,000 OZ)
No of oz to be served (notices)
17 contracts
(85,000  oz)
Total monthly oz silver served (contracts) 3855 contracts (19,275,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this month  NIL oz
Total accumulative withdrawal  of silver from the Customer inventory this month  4,727,753.1 oz
 
 
 
today, we had  0 deposit(s) into the dealer account:
 
 
 
 
total dealer deposit: nil oz
 
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
 
we had 1 customer withdrawal(s):
i) Out of Scotia: 90,859.400 oz
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL CUSTOMER WITHDRAWALS: 90,859.400 oz
 
 We had 1 deposits:
i) Into Delaware: 4,196.037 oz
 
 
 
 
 
***deposits into JPMorgan have now STOPPED.
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
total customer deposits; 4,196.037   oz
 
 
 we had 0 adjustment(s)
 
 
 
 
The total number of notices filed today for the MARCH. contract month is represented by 30 contract(s) for 150,000 oz. To calculate the number of silver ounces that will stand for delivery in MARCH., we take the total number of notices filed for the month so far at 3855 x 5,000 oz  = 19,275,000 oz to which we add the difference between the open interest for the front month of MAR (47) and the number of notices served upon today (30) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the March contract month:  3855(notices served so far)x 5000 oz  + OI for front month of Mar.( 47 ) -number of notices served upon today (30)x 5000 oz  equals  19,360,000 oz  of silver standing for the Mar contract month. This is  now average for an active delivery month in silver.  We gained 150,000 silver ounces standing in this active delivery month of March.
 
 
 
 
 
 
 
 
 
Volumes: for silver comex
 
Today the estimated volume was 27,459 which is fair
Yesterday’s  confirmed volume was 83,588 contracts  which is gigantic!!.
 
 
 
 
 
 
 
 
 
 
Total dealer silver:  41.276 million (close to record low inventory  
Total number of dealer and customer silver:   191.402 million oz
 
 
 
The total open interest on silver is now further from   its all time high with the record of 224,540 being set AUGUST 3.2016.
 
 
 
 
 

end

And now the Gold inventory at the GLD

March 29/a withdrawal of 1.78 tonnes of gold out of the GLD/Inventory rests tongith at 833.51 tonnes

March 28/this is good!! A deposit of 2.67 tonnes of gold into the GLD/Inventory rests at 835.29 tonnes.

March 27/no changes in gold inventory at the GLD/Inventory rests at 832.62 tonnes

March 24/another withdrawal of 1.78 tonnes from the GLD/Inventory rests at 832.62 tonnes

March 23/no change in gold inventory at the GLD/Inventory rests at 834.40 tonnes

March 22/no changes in gold inventory at the GLD/Inventory rests at 834.40 tonnes

March 21/a deposit of 4.15 tonnes of gold into the GLD/Inventory rests at 834.40 tonnes

March 20/WE HAD A MASSIVE 6.81 TONNE WITHDRAWAL FROM THE GLD/INVENTORY RESTS AT 830.25 TONNES/THIS GOLD MUST BE ON ITS WAY TO SHANGHAI.  WITH GOLD RISING THESE PAST FEW DAYS, IT MAYS NO SENSE WHATSOEVER ON GOLD LIQUIDATION.

March 17/a huge withdrawal of 2.37 tonnes from the GLD/Inventory rests at 837.06 tonnes

March 16/no changes in gold inventory at the GLD/Inventory rests at 839.43 tonnes

March 15/ANOTHER HUGE DEPOSIT OF 4.44 TONNES/inventory rests at 839.43 tonnes

March 14/strange they whack gold and yet the GLD adds 2.93 tonnes of gold./inventory rests at 834.99 tonnes

March 13/a deposit of 6.78 tonnes of gold into the GLD/Inventory rests at 832.03 tonnes

March 10/ a withdrawal of 4.886 tonnes from the GLD/Inventory rests at 830.25

this tonnage no doubt is off to Shanghai

March 9/a withdrawal of 2.67 tonnes from the GLD/Inventory rests at 834.10

March 8/no change in gold inventory at the GLD/inventory rests at 836.77 tones

march 7/a huge withdrawal of 3.81 tonnes from the GLD inventory/inventory rests at 836.77 tonnes

March 6/No change in gold inventory at the GLD/Inventory rests at 840.58 tonnes

March 3/ a huge withdrawal of 2.96 tonnes of gold from the GLD/Inventory rests at 840.58 tonnes

March 2/a deposit of 2.37 tonnes of gold into the GLD/Inventory rests tat 843.54 tonnes

March 1/no change in gold inventory at the GLD/Inventory rests at 841.17 tonnes

FEB 28/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes

feb 27/no change in gold inventory at the GLD/Inventory rests at 841.17 tonnes

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March 29 /2017/ Inventory rests tonight at 833.51 tonnes
 
*IN LAST 118 TRADING DAYS: 114.59 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 62 TRADING DAYS: A NET  12.84 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET  38.27 TONNES HAVE BEEN ADDED.
 

end

 
 
Now the SLV Inventory
March 29/a deposit of 1.136 million oz into the SLV/Inventory rests at 333.640 million oz
March 28/no changes in inventory at the SLV/Inventory rests at 332.504 million oz/
March 27/no changes in inventory at the SLV/Inventory rests at 332.504 million oz/
March 24/no change in inventory at the SLV/Inventory rests at 332.504 million oz/
March 23/no change in inventory at the SLV/Inventory rests at 332.504 million oz
March 22/no change in inventory at the SLV/Inventory rests at 332.504 million oz
March 21/no change in inventory at the SLV/Inventory rests at 332.504 million oz/
March 20/a gain of 1.232 million oz of silver into the SLV/inventory rests at 332.272 million oz/
 
March 17/no change in silver inventory/SLV inventory rests at 331.272 million oz
March 16/no changes in silver inventory/SLV inventory rests at 331.272 million oz
March 15/no change in silver inventory/SLV inventory rests at 331.272 million oz
March 14/ a deposit of 1.136 million oz of inventory into the SLV/Inventory rests at 331.272 million oz
March 13/no change in silver inventory at the SLV/Inventory rests at 330.136 million oz.
March 10/no change in silver inventory at the SLV/Inventory rests at 330.136 million oz/
March 9/another big withdrawal of 1.137 million oz from the SLV/Inventory rests at 330.136 million oz/
March 8/a big change; a withdrawal  of 1.515 million oz from the SLV/Inventory rests at 331.273 million oz/
march 7/no change in inventory at the SLV/Inventory rest at 332.788 million oz/
March 6/no change in inventory at the SLV/Inventory rests at 332.788 million oz/
March 3: two transactions:
i)March 3/ a small change, a withdrawal of 125,000 oz and this would be to pay for fees like insurance, storage etc/inventory now stands at 335.156 million oz.
ii) a huge withdrawal of 2.368 million oz/inventory rests this weekend at 332.788 million oz
March 2/no changes in silver inventory (despite the raid) at the SLV/Inventory rests at 335.281 million oz
March 1/no changes in inventory at the SLV/Inventory rests at 335.281 million oz/
FEB 28/no changes in inventor at the SLV/inventory rests at 335.281 million oz/
FEB 27/no change in inventory at the SLV/Inventory rests at 335.281 million oz/
 
 
March 29.2017: Inventory 333.640  million oz
 
 end
 

NPV for Sprott and Central Fund of Canada

will update later tonight the central fund of Canada figures

 
1. Central Fund of Canada: traded at Negative 6.3 percent to NAV usa funds and Negative 6.6% to NAV for Cdn funds!!!! 
Percentage of fund in gold 60.3%
Percentage of fund in silver:39.5%
cash .+0.1%( Mar 29/2017) 
 
 
 
 
2. Sprott silver fund (PSLV): Premium RISES  to -32%!!!! NAV (Mar 29/2017) 
3. Sprott gold fund (PHYS): premium to NAV RISES to – 0.32% to NAV  ( Mar 29/2017)
Note: Sprott silver trust back  into NEGATIVE territory at -32% /Sprott physical gold trust is back into NEGATIVE territory at -0.32%/Central fund of Canada’s is still in jail  but being rescued by Sprott.
 

Sprott’s hostile 3.1 billion bid to take over Central Fund of Canada