We May Have A MONSTROUS Amount of Gold Seeking Delivery! – Harvey Organ

We have now entered options expiry week:
The big news of the day is the huge open interest at the gold comex  for the upcoming June delivery month.
We may have a monstrous amount of gold ounces seeking delivery. 

 

GOLD DOWN $4.45 YET SILVER WAS AGAIN STRONG: UP 10 CENTS/WITH ONE DAY TO GO BEFORE FIRST DAY NOTICE: A MONSTROUS 64,772 CONTRACTS STILL STANDING (COMPARED TO LAST YR’S 39,520 CONTRACTS WITH ONE DAY TO GO)/GREECE GIVES A TRIAL BALLOON THAT IT MAY DEFAULT/TURKEY REFUSES ENTRY TO GERMAN PLANES AT INCIRLIK

Buy Winter Is Here Putin Silver Coins at SD Bullion

GOLD: $1262.80  DOWN $4.45

Silver: $17.43  up 10  cent(s)

Closing access prices:

Gold $1263.10

silver: $17.40

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

CHINA ON HOLIDAY

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: $xxxxx DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  1269.60

PREMIUM FIRST FIX:  $xxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $xxx

NY GOLD PRICE AT THE EXACT SAME TIME: 1265.90

Premium of Shanghai 2nd fix/NY:$xx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1262.80

NY PRICING AT THE EXACT SAME TIME: $1263.25

LONDON SECOND GOLD FIX  10 AM: $1262.70

NY PRICING AT THE EXACT SAME TIME. $1264.05

 

For comex gold:

MAY/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH:  22 NOTICE(S) FOR 2200  OZ. 

 TOTAL NOTICES SO FAR: 551 FOR 55100 OZ    (1.7138 TONNES)

 
 
 

For silver:

For silver: MAY

 41 NOTICES FILED TODAY FOR 210,000  OZ/

Total number of notices filed so far this month: 4657 for 23,285,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

END

We have now entered options expiry week:

options  expiry tomorrow on  the OTC/LBMA gold/silver contracts: May 31/2017 at around 12 noon.

The big news of the day is the huge open interest at the gold comex  for the upcoming June delivery month.  We may have a monstrous amount of gold ounces seeking delivery.  We have so far 64,772 contracts still standing vs last yr’s 39,520 with 1 day to go before first day notice.You will also recall that 48.6 tonnes of gold stood for delivery at the end of June.(initially 48.1 tonnes)  This should be interesting to watch as we enter first day notice tomorrow.

Pay no attention to the weakness in the gold price today.  The Chinese markets have been closed for two days and actually I am quite surprised that gold held its own without that huge physical time zone.

Let us have a look at the data for today

.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest ROSE  BY 3,263  contract(s) UP to 205,128 WITH THE GOOD SIZED RISE IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (UP  21 CENT(S).  IT IS OBVIOUS THAT WE ARE GETTING SOME FAILED  BANKER SHORT COVERING IN CONJUNCTION WITH BANKER DELTA HEDGING. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.02500 BILLION TO BE EXACT or 147% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 42 NOTICE(S) FOR 210,000  OZ OF SILVER

In gold, the total comex gold FELL BY 8,545 contracts DESPITE THE RISE IN THE PRICE OF GOLD ($11.45 with FRIDAY’S TRADING). The total gold OI stands at 465,303 contracts. SO FAR WE HAVE NOT HAD OUR USUAL OBLITERATION OF OPEN INTEREST AS WE PROCEED TO FIRST DAY NOTICE.  I WILL BE MONITORING THIS AS WE HEAD INTO FIRST DAY NOTICE WHICH IS TOMORROW 

we had 1 notice(s) filed upon for 100 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

We had no changes in tonnes of gold at the GLD

Inventory rests tonight: 847.45 tonnes

.

SLV

Today: no changes in inventory

THE SLV Inventory rests at: 340.976 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 3,263 contract UP TO 205,128, (AND now CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787), WITH THE  RISE IN PRICE FOR SILVER WITH FRIDAY’S TRADING  (21 CENTS). NO QUESTION THAT WE HAD FAILED  SHORT COVERING BY THE BANKERS ALONG WITH SOME BANKER DELTA HEDGING WITH THE RISE IN PRICE.

(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 MONDAY night/TUESDAY morning: Shanghai closed    / /Hang Sang CLOSED UP 62.36 POINTS OR 0.24% The Nikkei closed DOWN 4.72 POINTS OR 0.02%/Australia’s all ordinaires  CLOSED UP  0.14%/Chinese yuan (ONSHORE) closed  UP at 6.8555/Oil DOWN to 49.59 dollars per barrel for WTI and 51.87 for Brent. Stocks in Europe OPENED IN THE RED     ..Offshore yuan trades  6.8270 yuan to the dollar vs 6.8550 for onshore yuan. NOW  THE OFFSHORE IS A LITTLE STRONGER TO THE ONSHORE YUAN/ ONSHORE YUAN STRONGER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS A TOUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA NOT HAPPY WITH THE NEWS THAT ITS DEBT HAS BEEN DOWNGRADED WITH THE /CHINA ON HOLIDAY FOR THE PAST TWO DAYS

3a)THAILAND/SOUTH KOREA/NORTH KOREA

i)NORTH KOREA

SATURDAY

USA deploys its 3rd aircraft carrier towards north Korea

( zero hedge)

ii)SUNDAYNorth Korea tests a new anti-aircraft weapon

( zero hedge)

iii)MONDAY

North Korea then launches another ballistic missile flying for 6 miles and landing in the Sea of Japan

(courtesy zero hedge)

iv)Tuesday

An extremely happy Kim Jong -Un now threatens the uSA with a bigger gift package

( zero hedge)

b) REPORT ON JAPAN

c) REPORT ON CHINA

4. EUROPEAN AFFAIRS

i)Germany/USA

Germany’s Merkel is furious with Trump after another “unprecedented” 67 failure to reach a consensus on climate change

( zero hedge)

ii)Italy

It seems that the 4 major parties like the German proportional system and that should jump start an early election in the fall.

( zerohedge)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

EGYPT

i)Egyptian warplanes bomb terrorist camps in Libya after the attack on Christian Coptics

( zero hedge)

ii)RUSSIA/IRAN

Global trades is moving away from the USA dollar as Russia and Iran sign an oil for goods barter deal. Another dagger into the heart of the USA petrodollar/hegemony/system.

( zero hedge)

 

( zerohedge)

 

( zero hedge)

6 .GLOBAL ISSUES

Hot money is flowing out of emerging markets.  The two biggest lowers today:  the Mexican peso as the opposition party lost out in elections and the South African rand as Zuma was facing a revolt in his own party

( zerohedge)

7. OIL ISSUES

8. EMERGING MARKET

9.   PHYSICAL MARKETS

i)Famed Paul Brodsky talks about 3 forms of money: gold, dollars and bitcoin and how they relate to each other:
( Paul Brodsky/MacroAllocation.com)
ii)China and India are taking 100% of all newly mined gold.  China also refuses to export any of it’s gold that is mined there.

( Egon Von Greyerz/Kingworldnews)

iii)GATA conference in Vancouver today

( Chris Powell/GATA)

10. USA stories

i)Connecticut bonds soar in yields as tax receipts tumble as more hedge funds leave for Florida

( zero hedge)

ii)TUESDAY

Trump again blasts Germany concerning their climate control agenda and lack of spending at NATO

(courtesy zero hedge)

iii)Hard data personal spending shows that its growth year/year has tumbled to a 7 month low. Major revisions in prior months seems to have exaggerated the data

(courtesy zero hedge)

iv)We are now beginning to see ‘soft” data slumping along with the releases of hard data.  Today it is consumer confidence slumping to its weakest level since February

(courtesy zerohedge)

Let us head over to the comex:

The total gold comex open interest FELL BY 8548 CONTRACTS DOWN  to an OI level of 465,303 DESPITE THE RISE IN THE PRICE OF GOLD ( $11.45 with YESTERDAY’S trading). SO FAR WE HAVE NOT HAVE OUR USUAL OBLITERATION OF OPEN INTEREST AS WE ENTER FIRST DAY NOTICE ON WEDNESDAY. I WILL BE MONITORING THIS!! THE BANKERS SUPPLIED SOME EFP PAPER TO COUNTER DELAY ON SOME JUNE GOLD DELIVERIES AS LONGS STAMPEDED  INTO THE GOLD ARENA ON FRIDAY. LONGS RECEIVED A FUTURE CONTRACT AND/OR A LONG FUTURE CALL ON A FUTURE GOLD CONTRACT (I.E. EITHER JULY OR AUGUST GOLD) PLUS A FIAT BONUS FOR THEIR EFFORT. THIS IS WHY OPEN INTEREST ALWAYS FALLS WHEN WE ENTER AN ACTIVE DELIVERY MONTH WHETHER IT IS GOLD OR SILVER.

 

We are now in the contract month of MAY and it is one of the POORER delivery months  of the year. In this MAY delivery month  we had A LOSS OF 1 contract(s) FALLING TO  22. We had 1  notices filed ON FRIDAY so we GAINED 2 GOLD CONTRACTS OR AN ADDITIONAL 200 gold ounce will  stand for delivery and 0 contracts were cash settled through the EFP route( where they receive a cash bonus plus a future gold contract.)

The next big active month is June/2017 and here the OI LOST A MUCH SMALLER THAN ANTICIPATED 61,627 contracts DOWN to 64,772.  The non active July contract GAINED another 191 contracts to stand at 1701 contracts. The next big active month is August and here the OI gained ONLY 51,038 contracts up to 288,307. FIRST DAY NOTICE IS WEDNESDAY MAY 31.2017 AND WE HAVE JUST ONE MORE READING DAY ON WEDNESDAY 

OH OH!! WE HAVE NOW SURPASSED last year’s huge open interest as on May 26 2016 we had at this exact time:   39,520 contracts of JUNE 2016 CONTRACTS OPEN.( compared to JUNE 2017: 64,772)WITH EXACTLY 1 DAY TO GO BEFORE FIRST DAY NOTICE (FOR BOTH YEARS).

For the June 2016 contract month initially 48.189 tonnes stood for delivery. Eventually a huge 48.552 tonnes stood.

TONIGHT OUR BANKER FRIENDS ARE QUITE NERVOUS WHEN THEY LOOK OUT THE WINDOW AND SEE THE HIGH OPEN INTEREST THAT IS STILL STANDING IN GOLD FOR JUNE 2017.

We had 22 notice(s) filed upon today for 2200 oz

 

 
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
 
And now for the wild silver comex results.  Total silver OI ROSE BY 3,263 contracts FROM  201,865 UP TO 205,128 DESPITE YESTERDAY’S  22 CENT GAIN. THERE WERE NO EFP TRANSFERS AS JUNE IS A NON ACTIVE DELIVERY MONTH FOR SILVER. IT SURE LOOKS LIKE OUR BANKERS ARE TRYING TO COVER THEIR SHORTS IN SILVER IN EARNEST. WE ALSO NO DOUBT HAVE CONSIDERABLE EVIDENCE OF SOME DELTA HEDGING BY THE BANKERS TRYING TO OFFSET THAT HUGE SHORT POSITION THEY HAVE BEEN BURGEONING OVER THE YEARS.
 
Below is a little background on the EFP contracts  initiated by our bankers:
 
(We now know for certainty that private EFP contracts are given by the bankers when faced with an upcoming active delivery month.  We just do not know the makeup of that private deal.  It is my contention that the longs in silver at the end of April were given a fiat bonus plus a long “in the money” call for a  future May contract or a July contract. They were told not to exercise for a new contract until at least the first week of May is over so it would not look like a paper settlement which in reality it surely is.
So now everything makes sense: the obliteration of OI as we enter first day notice has not really occurred but replaced with a future contract with some bonus money for their effort. No doubt by the end of May, the open interest in the silver contract month will be close to the OI we had around mid April/2017.)
 
 
We are in the active delivery month is MAY  Here the open interest GAINED 1 contract(s) RISING TO 42 contracts. We had 21 notices filed on yesterday , so we GAINED A HUGE 22 notices or an additional 110,000 oz will stand for delivery and 0 CONTRACTS were settled through the EFP route.
 

The non active June contract GAINED 28 contracts to stand at 651. The next big active month will be July and here the OI LOST 2 contracts DOWN to 142,222.

For those keeping score, the initial amount of silver oz that stood for delivery for the May 2016 contract month: 28.01 million oz.  By conclusion of the month only 13.58 million oz stood and the rest was cash settled.(EFP ROUTE)

The line in the sand is $18.50 for silver and again it has been defended by the criminal bankers.  Once this level is pierced, the monstrous billion oz of silver shorts will blow up. The bankers are defending the Alamo with their last stand at the $18.50 mark. THE NEW RECORD HIGH IN OPEN INTEREST WAS SET FRIDAY APRIL 21/2017 AT:  234,787.

 

We had 42 notice(s) filed for 210,000 oz for the MAY 2017 contract

 

VOLUMES: for the gold comex

Today the estimated volume was 288.497 contracts which is good

Yesterday’s confirmed volume was 440,217 contracts  which is GOOD ( MANY ROLLOVERS).

volumes on gold are STILL HIGHER THAN NORMAL!

 
INITIAL standings for MAY
 May 30/2017.
 
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 
 
 nil
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz 1499.98 ozBRINKS
Deposits to the Customer Inventory, in oz 
 
 NIL
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
 
22 notice(s)
 
2200 OZ
 
 
No of oz to be served (notices)
0 contracts
NIL oz
 
Total monthly oz gold served (contracts) so far this month
 
551 notices
55100 oz
1.7138 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   230,129.2 oz
 
 
 
Today we HAD  0 kilobar transaction(s)/ 
We had one deposit into the dealer:
i) Into Brinks;  1499.98 oz
 
total dealer deposits: 1499.98 oz
 
We had NIL dealer withdrawals:
 
 
total dealer withdrawals:  NIL oz
we had no dealer deposits:
 
total dealer deposits:  nil oz
 
 
we had 0  customer deposit(s):
 
 
 
 
 
 
 
 
 
 
 
 
total customer deposits; NIL  oz
 
We had 0 customer withdrawal(s)
 
 
 
 
 
 
 
 
 
 
 
total customer withdrawal: nil oz
 
 
 
 we had 1 adjustments:
i) Out of HSBC:
15,432.48 oz was adjusted out of the customer account of HSBC into the dealer account
 
 
 
 
For MAY:
 

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

 
 
 
 
 
 
 
 
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
To calculate the initial total number of gold ounces standing for the MAY. contract month, we take the total number of notices filed so far for the month (551) x 100 oz or 55,100 oz, to which we add the difference between the open interest for the front month of MAY (22 contracts) minus the number of notices served upon today (22) x 100 oz per contract equals 55,100 oz, the number of ounces standing in this  active month of MAY.
 
Thus the INITIAL standings for gold for the MAY contract month:
No of notices served so far (551) x 100 oz  or ounces + {(22)OI for the front month  minus the number of  notices served upon today (22) x 100 oz which equals 55,100 oz standing in this non active delivery month of MAY  (1.7138 tonnes).  We GAINED 2 contracts or an additional 200 oz will stand for delivery and 3 contracts were cash settled through the EFP route 
 
 
 
 
 
 
 
 
 
 
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
 
 
I have now gone over all of the final deliveries for this year and it is startling.
 
Here are the final deliveries for all of 2016 and the first 5 months of  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
Nov.    8.3950 tonnes.
DEC/2016.   29.931 tonnes
JAN/2017     3.9004 tonnes
FEB/ 18.734 tonnes
March: 0.5816 tonnes
April/2017: 2.8678
MAY:2017/  1.7138 TONNES
 
total for the 17 months;  249.651 tonnes
average 14.685 tonnes per month
 
 
 
 
 
 
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
 
 
 
 
Total dealer inventory 894,646.624 or 27.82 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,812,789.012 or 274.11 tonnes 
 
 
 
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 274.11 tonnes for a  loss of 28  tonnes over that period.  Since August 8/2016 we have lost 79 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 12 MONTHS  79 NET TONNES HAS LEFT THE COMEX.
 
end
 
And now for silver
 
AND NOW THE MAY DELIVERY MONTH
 
MAY INITIAL standings
 May 30. 2017
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 
 
 
 
 
 
 
 
573,060.548 oz
 
 
 
Brinks
SCOTIA
DELAWARE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 
 
575,789.02 oz
brinks
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 1,159,012.960  oz
 
 HSBC
SCOTIA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
 42 CONTRACT(S)
(210,000 OZ)
No of oz to be served (notices)
0 contracts
( NIL oz)
Total monthly oz silver served (contracts) 4657 contracts (23,285,000 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  8,684,109.6 oz
 
 
 
today, we had  1 deposit(s) into the dealer account:
 
 i) Into Brinks:  575,789.02 oz
 
 
 
total dealer deposit: 575,789.02  oz
 
we had Nil dealer withdrawals:
 
total dealer withdrawals: nil oz
 
 
we had 3 customer withdrawal(s):
 
 
i) Out of brinks: 216,323.980 oz
ii) out of Scotia: 340,619.320 oz
iii) out of Delaware; 16,117.248 oz
 
 
 
 
 
 
 
 
TOTAL CUSTOMER WITHDRAWALS: 573,060.548  oz
 
 We had 2 Customer deposits:
i) Into HSBC: 580,036.660 oz
ii) into Scotia:  578,976.300
 
 
 
 
***deposits into JPMorgan have now stopped 
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
why is JPMorgan bringing in so much silver??? why is this not criminal in that they are also the massive short in silver
 
 
 
 
 
 
 
 
 
 
 
 
 
total customer deposits  1,159,012.960 oz
 
 
 we had 1 adjustment(s)
out of the Brinks vault:  457,152.010 oz was adjusted out of the customer and this landed into the dealer account of Brinks
 
 
 
 
The total number of notices filed today for the MAY. contract month is represented by 42 contract(s) for 105,000 oz. To calculate the number of silver ounces that will stand for delivery in MAY., we take the total number of notices filed for the month so far at 4657 x 5,000 oz  = 23,285,000 oz to which we add the difference between the open interest for the front month of MAY (42) and the number of notices served upon today (42) x 5000 oz equals the number of ounces standing
 

 

.
 
Thus the initial standings for silver for the MAY contract month:  4657(notices served so far)x 5000 oz  + OI for front month of APRIL.(42 ) -number of notices served upon today (42)x 5000 oz  equals  23,285,000 oz  of silver standing for the MAY contract month.
 
We GAINED 22 contracts  or an additional 110,000 oz will stand for delivery this month,  and 0 contracts were issued  EFP contract for a huge fiat bonus and a future silver contract (probably either a June or July contract.)  
 
 
 
 
 
 
 
 
 
 
 
Volumes: for silver comex
 
 
 
Today the estimated volume was 42,523 which is very good
Yesterday’s  confirmed volume was 75,015 contracts which is HUGE
 
FRIDAY’S ESTIMATED VOLUME OF 75,046 CONTRACTS EQUATES TO 375 MILLION OZ OF SILVER OR 54% OF ANNUAL GLOBAL PRODUCTION OF SILVER EX CHINA EX RUSSIA). IN OUR HEARINGS THE COMMISSIONERS STRESSED THAT THE OPEN INTEREST SHOULD BE AROUND 3% OF THE MARKET.  
 
 
 
 
 
 
 
 
 
 
 
 
Total dealer silver:  33.563 million (close to record low inventory  
Total number of dealer and customer silver:   202.149 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 6.9 percent to NAV usa funds and Negative 6.9% to NAV for Cdn funds!!!! 
Percentage of fund in gold 61.7%
Percentage of fund in silver:38.2%
cash .+0.1%( May 30/2017
 
 
 
 
 
 
 
2. Sprott silver fund (PSLV): Premium FALLS TO   -.19%!!!! NAV (May 30/2017
3. Sprott gold fund (PHYS): premium to NAV FALLS to -0.70% to NAV  (May 30/2017 )
Note: Sprott silver trust back  into NEGATIVE territory at -0.19% /Sprott physical gold trust is back into NEGATIVE/ territory at -0.70%/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

(courtesy Sprott/GATA)

Sprott makes hostile $3.1 billion bid for Central Fund of Canada

 Section: Daily Dispatches

From the Canadian Press
via Canadian Broadcasting Corp. News, Toronto
Wednesday, March 8, 2017

http://www.cbc.ca/news/canada/calgary/sprott-takeover-bid-central-fund-c…

Toronto-based Sprott Inc. said Wednesday it’s making an all-share hostile takeover bid worth $3.1 billion US for rival bullion holder Central Fund of Canada Ltd.

The money-management firm has filed an application with the Court of Queen’s Bench of Alberta seeking to allow shareholders of Calgary-based Central Fund to swap their shares for ones in a newly-formed trust that would be substantially similar to Sprott’s existing precious metal holding entities.

The company is going through the courts after its efforts to strike a friendly deal were rebuffed by the Spicer family that controls Central Fund, said Sprott spokesman Glen Williams.

“They weren’t interested in having those discussions,” Williams said.

 Sprott is using the courts to try to give holders of the 252 million non-voting class A shares a say in takeover bids, which Central Fund explicitly states they have no right to participate in. That voting right is reserved for the 40,000 common shares outstanding, which the family of J.C. Stefan Spicer, chairman and CEO of Central Fund, control.

If successful through the courts, Sprott would then need the support of two-thirds of shareholder votes to close the takeover deal, but there’s no guarantee they will make it that far.

“It is unusual to go this route,” said Williams. “There’s no specific precedent where this has worked.”

Sprott did have success last year in taking over Central GoldTrust, a similar fund that was controlled by the Spicer family, after securing support from more than 96 percent of shareholder votes cast.

The firm says Central Fund’s shares are trading at a discount to net asset value and a takeover by Sprott could unlock US$304 million in shareholder value.

Central Fund did not have any immediate comment on the unsolicited offer. Williams said Sprott had not yet heard from Central Fund on the proposal but that some shareholders had already contacted them to voice their support.

Sprott’s existing precious metal holding companies are designed to allow investors to own gold and other metals without having to worry about taking care of the physical bullion.

end

And now the Gold inventory at the GLD

May 30/no change in gold inventory at the GLD/Inventory rests at 847.45 tonnes

May 26./no change in inventory at the GLD/Inventory rests at 847.45 tonnes

May 25./no change in inventory at the GLD/Inventory rests at 847.45 tonnes

May 24/no change in inventory at the GLD/inventory rests at 847.45 tonnes

May 23/a paper withdrawal of 5.03 tonnes of gold from the GLD/Inventory rests at 847.45 tonnes

May 22/A DEPOSIT OF 1.77 TONNES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 852.48 TONNES

May 19/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 850.71 TONNES

May 18/a withdrawal of 1.18 tonnes of gold from the GLD/Inventory rests at 850.71

May 17/no change in the GLD inventory/inventory rests at 851.89 tonnes

May 16./ no change in the GLD inventory/inventory rests at 851.89 tonnes

May 15/no change in the GLD inventory/inventory rests at 851.89 tonnes

May 12/no changes in GLD/inventory rests at 851.89 tonnes

may 11/no changes in GLD inventory/inventory rests at 851.89 tonnes

May 10/no changes in GLD inventory/inventory rests at 851.89 tonnes/

May 9/a withdrawal of 1.19 tonnes from the GLD/Inventory rests tonight at 851.89 tonnes

May 8/no change in inventory at the GLD/Inventory rests at 853.08 tonnes

May 5/no changes in inventory at the GLD/Inventory rests at 853.08 tonnes

May 4/A tiny change in inventory at the GLD /a withdrawal of .28 tonnes to pay for fees/inventory rests at 853.08 tonnes

May 3/no change in inventory at the GLD/Inventory rest at 853.36 tonnes

May 2/no change in inventory at the GLD/Inventory rests at 853.36 tonnes

May 1/ no changes in inventory at the GLD/inventory rests at 853.36 tonnes

April 28/no changes in inventory at the GLD/Inventory rests at 853.36 tonnes

April 27/a small withdrawal of .89 tonnes/Inventory is now at 853.36 tonnes

APRIL 26/we had no changes at the GLD/Inventory rests at 854.25 tonnes

April 25/2017/A WITHDRAWAL OF 5.92 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 854.25 TONNES

April 24/a deposit of 1.48 tonnes of gold into the GLD/inventory rests at 860.17 tonnes

April 21/A DEPOSIT OF 4.44 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 858.69 TONNES

APRIL 20/A WITHDRAWAL OF 6.51 TONNES FROM THE GLD/INVENTORY RESTS AT 854.25 TONNES

April 19/ A DEPOSIT OF 11.84 TONNES INTO THE GLD/INVENTORY RESTS AT 860.76 TONNES

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
May 30 /2017/ Inventory rests tonight at 847.45 tonnes
 
*IN LAST 161 TRADING DAYS: 100.68 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 104 TRADING DAYS: A NET  26.75 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET  52.09 TONNES HAVE BEEN ADDED.
 

end

 
 

Now the SLV Inventory

May 30/no change in silver inventory at the SLV/inventory rests at 340.976 million oz

May 26/another paper withdrawal of 946,000 oz of silver from the SLV with silver rising/inventory rests at 340.976 million oz

May 25/no change in silver inventory at the SLV/Inventory rests at 341.922 million oz

May 24./a “paper” withdrawal of 1.893 million oz from the SLV/inventory rests tonight at 341.922 million oz

May 23/no change in silver inventory at the SLV/inventory rests at 343.815 million oz

May 19/no change in silver inventory at the SLV/Inventory rests at 343.815 million oz.

may 18/2017/another big deposit of 1.42 million oz added to the SLV/inventory rests at 343.815 million oz.

may 17/no change in silver inventory at the SLV/Inventory rests at 342.395 million oz/

May 16./we had a huge addition of 1.416 million oz of silver into the SLV/inventory rests at 342.395 million oz

May 15/no changes in silver inventory/inventory rests at 340.979 million oz/

May 12/a huge change in silver: a deposit of 2.369 million oz/inventory rests at 340.979 million oz

May 11/no changes in silver inventory at the SLV/Inventory rests at 338.610 million oz

May 10/ a gigantic 3.833 million oz of silver added to the SLV and this occurred with the constant whacking of silver for the past 17 trading sessions/inventory rests at 338.610 million oz

may 9Again, no movement of inventory at the SLV. Inventory rests at 334.777 million oz

May 8/no change in silver inventory at the SLV/inventory rests at 334.777 million oz/

May 5/Strange!! no change in silver inventory at the SLV/Inventory rests tonight at 334.777 million oz

May 4/a very tiny withdrawal of 144,000 oz to pay for fees/inventory rests tonight at 334.777 million oz/

May 3/strange!! with the drop in price of silver we had no change in inventory at the SLV/inventory rests at 334.921 million oz

May 2/extremely strange again/a huge 3.502 million oz deposit into the SLV despite silver being in the toilet for the past several trading days.Inventory 334.921 million oz

may 1/extremely strange/with silver being walloped these past several days, the inventory rises again by a huge 1.136 million oz/(maybe someone can explain this phenomena??)

April 28/Strange again!! no change in inventory at the SLV/Inventory remains at 330.283 million oz  (no liquidation with a drop in silver price??)

April 27.2017/Strange!! no change in inventory at the SLV/Inventory remains at 330.283 million oz  (no liquidation???)

APRIL 26/2017/another huge deposit of 2.934 million oz into the SLV/Inventory rests at 330.283 million oz

April 25/a huge deposit of 1.98 million of into inventory/inventory rests at 327.349 million oz/

April 24/no changes in inventory at the SLV/Inventory rests at 325.361 million oz/

April 21/A WITHDRAWAL OF 719,000 OZ OF SILVER AT THE SLV/INVENTORY RESTS AT 325.361 MILLION OZ/

APRIL 20/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 326.308 MILLION OZ

 
 
May 30.2017: Inventory 340.976  million oz