Harvey Organ: 20 Tons Of Gold Standing On The COMEX But Only 15 Tonnes Are Available For Delivery

Harvey Organ says this is going to turn out to be very problematic for the bankers. Here’s the details…

by Harvey Organ of Harvey Organ Blog

JAN 31 A/USA 10 YR YIELD HITS 2.74% AND THEN CRASHES BACK TO 2.71% ON HAWKISH FOMC/GOLD AND SILVER RISE ON INFLATION EXPECTATIONS: GOLD UP $3.10 TO $1336.9 AT COMEX CLOSING TIME AND THEN SHOOTS UP ANOTHER 9.00 DOLLARS TO $1346.00/SILVER IS UP 17 CENTS TO $17.27 AT COMEX CLOSING TIME THEN SHOOTS UP TO $17.34/BANKERS ISSUE 14,404 EFP CONTRACTS TO LONGS AS A LONDON FORWARD/BANKERS ISSUE 2467 CONTRACTS TRANSFERRING LONGS OVER FOR A LONDON BASED FORWARD/HUGE SWAMP STORIES FOR YOU TONIGHT!!

GOLD: $1336.90 UP $3.10

Silver: $17.27 UP 17 cents

Closing access prices:

Gold $1344.20

silver: $17.34

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: $1347.22 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1339.70

PREMIUM FIRST FIX: $8.52

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SECOND SHANGHAI GOLD FIX: $1353.55

NY GOLD PRICE AT THE EXACT SAME TIME: $1342.85

Premium of Shanghai 2nd fix/NY:$10.70

SHANGHAI REJECTS  NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1343.35

NY PRICING AT THE EXACT SAME TIME: $1343.10

LONDON SECOND GOLD FIX 10 AM: $1345.35

NY PRICING AT THE EXACT SAME TIME. $1344.40???

For comex gold:

FEBRUARY/

NUMBER OF NOTICES FILED TODAY FOR FEBRUARY CONTRACT: 452 NOTICE(S) FOR 45200 OZ.

TOTAL NOTICES SO FAR: 452 FOR 45200 OZ (1.4059 TONNES),

For silver:

jANUARY

116 NOTICE(S) FILED TODAY FOR

580,000 OZ/

Total number of notices filed so far this month: 116 for 580,000 oz

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Bitcoin: BID $10,203/OFFER $10,080 UP $176 (morning)

Bitcoin: BID/   $9984/ $10,200 offer down 51  (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 CONSIDERABLE 2830 contracts from 201,188 FALLING TO 198,358 DESPITE YESTERDAY’S TINY  6 CENT FALL IN SILVER PRICING.  WE HAD CONSIDERABLE COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  2467 EFP’S FOR MARCH AND AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 2467 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 2467 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.

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

2467 CONTRACTS (FOR 1 TRADING DAYS TOTAL 2467 CONTRACTS OR 12.335 MILLION OZ: AVERAGE PER DAY: 2467 CONTRACTS OR 12.335 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  12.335 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 0.17% OF ANNUAL GLOBAL PRODUCTION

 

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  248.205 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236,879 MILLION OZ

 

RESULT: A CONSIDERABLE SIZED LOSS IN OI COMEX DESPITE THE  6 CENT FALL IN SILVER PRICE.  WE HOWEVER HAD A GOOD SIZED EFP ISSUANCE OF 2467 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 2467 EFP’S WERE ISSUED FOR TODAY  FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE REALLY LOST 363 OI CONTRACTS i.e. 2467 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 2830  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE FALL IN PRICE OF SILVER OF 6 CENTS AND A CLOSING PRICE OF $17.10 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A GOOD AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.9915 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT JANUARY MONTH/ THEY FILED: 116 NOTICE(S) FOR 580,000 OZ OF SILVER

In gold, the open interest ROSE  BY A LARGE 2891 CONTRACTS UP TO 559,332 DESPITE THE GOOD SIZED FALL IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($4.85). IN ANOTHER DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR TODAY AND IT TOTALED A GOOD SIZED  14,404 CONTRACTS OF WHICH FEBRUARY SAW 14,404 CONTRACTS ISSUED AND  APRIL SAW THE ISSUANCE OF 0 CONTRACTS.    The new OI for the gold complex rests at 561,437. 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. DUE TO THE DELAY IN THE RELEASE OF YESTERDAY’S DATA YOU CAN BET THE FARM THAT THEY HAVE DELAYED THE RELEASE OF MANY EFPS. 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 JANUARY 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 17,295  CONTRACTS: 2891 OI CONTRACTS INCREASED AT THE COMEX AND A STRONG SIZED  14,404 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 11909 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY STARTING WITH FIRST DAY NOTICE: 14,404 CONTRACTS OR 1,440,400  OZ OR 44.803 TONNES (1 TRADING DAYS AND THUS AVERAGING: 14,404 EFP CONTRACTS PER TRADING DAY OR 1,440,400 OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 1 TRADING DAYS: IN  TONNES: 44.8 TONNES

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

THUS EFP TRANSFERS REPRESENTS 44.8/2200 TONNES =  2.03% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JANUARY ALONE.

 

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:  697.02 TONNES

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

Result: A  GOOD SIZED INCREASE IN OI AT THE COMEX WITH THE LARGE SIZED FALL IN PRICE IN GOLD TRADING YESTERDAY ($4.85). IT IS WITHOUT A DOUBT THAT MANY OF THE DEPARTED COMEX LONGS ARE WAITING TO RECEIVE A PRIVATE EFP CONTRACT FOR EITHER FEBRUARY OR APRIL AND THESE GUYS ARE STILL NEGOTIATING THEIR DEAL. WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 14,404 AS THESE HAVE ALREADY BEEN NEGOTIATED.   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 14,404 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 17,295 contracts ON THE TWO EXCHANGES:

14,404 CONTRACTS MOVE TO LONDON AND  2891 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 53.79 TONNES).

we had: 452 notice(s) filed upon for 452,200 oz of gold.

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

GLD

With gold UP  $3.10, the crooks orchestrated another big change in gold inventory at the GLD/a withdrawal of 5.32 tonnes of gold/

Inventory rests tonight: 841.35 tonnes.

SLV/

A NO CHANGES IN SILVER INVENTORY AT THE SLV/ INVENTORY RESTS AT 313.896 MILLION OZ/

Let us head over to the comex:

The total gold comex open interest  SURPRISINGLY ROSE BY A CONSIDERABLE 2891 CONTRACTS UP to an OI level 559,332 DESPITE THE GOOD SIZED DROP IN THE PRICE OF GOLD ($4.85 FALL WITH RESPECT TO YESTERDAY’S TRADING).   WE HAD ZERO 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 GOOD SIZED 14,404 EFP’S ISSUED FOR FEBRUARY  AND 0 EFP’s  FOR APRIL:  TOTAL  14,404 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: 17,295 OI CONTRACTS IN THAT 14,404 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED 2891 COMEX CONTRACTS.

NET GAIN ON THE TWO EXCHANGES: 17295 contracts OR 1,729,500  OZ OR 53.794 TONNES,

Result: A  STRONG INCREASE IN COMEX OPEN INTEREST DESPITE THE FAIR SIZED LOSS IN YESTERDAY’S GOLD TRADING ($4.85.) WE HAD ZERO COMEX GOLD LIQUIDATION.  TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 17,295 OI CONTRACTS..

We have now entered the active contract month of FEBRUARY where we lost 25,822 contracts and thus 6455 contracts are standing and by definition the amount of gold initially standing in this active contract month of February is as follows:

 

6455 CONTRACTS  x 100 oz per contract  =  645500 oz  or 20.07 tonnes.  Many transferred over to London February EFP’s and will try and obtain metal through London forwards.

March saw a loss of 148 contracts DOWN to 2049.  April saw a GAIN of 25,240 contracts UP to 403,213.

We had 452 notice(s) filed upon today for 452200 oz

PRELIMINARY VOLUME TODAY ESTIMATED;  305,005

FINAL NUMBERS CONFIRMED FOR YESTERDAY:   479,889

comex gold volumes are RISING AGAIN

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And now for the wild silver comex results.

Total silver OI FELL  BY A CONSIDERABLE 2830  CONTRACTS FROM 201,188 DOWN TO 198,358 DESPITE YESTERDAY’S SMALL SIZED 6 CENT LOSS.  WE WERE ALSO INFORMED THAT WE HAD ANOTHER FAIR SIZED 2467 EMERGENCY EFP’S FOR MARCH ISSUED BY OUR BANKERS (WITH 0 EFP CONTRACTS FOR FEBRUARY TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON: THE TOTAL EFP’S ISSUED: 2467.   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 HAD  CONSIDERABLE LONG COMEX SILVER LIQUIDATION AND A SMALL SIZED LOSS 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 LOST 363 SILVER OPEN INTEREST CONTRACTS:

2830 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 2467 OI CONTRACTSNAVIGATING OVER TO LONDON.

NET LOSS TWO EXCHANGES: 363 CONTRACTS

We are now in the poor non active delivery month of FEBRUARY and here the front month lost only 2 contracts to stand at 134 contracts.  Therefore by definition the amount of silver standing in this non active month of February is as follows:

 

134 contracts x 5000 oz per contract  =  670,000 oz

which is not bad for a relatively poor delivery month.

 

The March contract LOST 4151 contracts DOWN to 128,809.

We had 116 notice(s) filed for NIL 580,000 for the FEBRUARY 2018 contract for silver

INITIAL standings for FEBRUARY

Jan 31/2018.

we had 0 kilobar transaction/
We had 0 inventory movement at the dealer accounts
total inventory movement into the dealer accounts:  nil oz
we had 0 withdrawals out of the customer account:
total withdrawal:nil  oz
we had 1 customer deposit
i) Into Scotia: 14,518.608 oz
total deposits: 14,518.608 oz
we had 3 adjustments
i) Out of Brinks:  11,009.838 oz was adjusted out of the dealer and into the customer account of Brinks.  this usually leads to a settlement of gold at the comex
ii) Out of Delaware;  1,065.35 oz was adjusted out of the customer and this landed into the dealer account of Delaware
iii) Out of HSBC: 32,426.833 oz was adjusted out of the dealer and this landed into the customer account of HSBC..this also generally leads to a settlement of gold at the comex
total registered or dealer gold:  488,627.941 oz or 15.198 tonnes
total registered and eligible (customer) gold;   9,237,855.482 oz 287.33 tones

For FEBRUARY:
Today, 0 notice(s) were issued from JPMorgan dealer account and 326 notices were issued from their client or customer account. The total of all issuance by all participants equates to 452 contract(s) of which 182 notices were stopped (received) by j.P. Morgan dealer and 41 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 (452) x 100 oz or 45200 oz, to which we add the difference between the open interest for the front month of FEB. (6455 contracts) minus the number of notices served upon today (452 x 100 oz per contract) equals 645,500 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 (452 x 100 oz or ounces + {(6455)OI for the front month minus the number of notices served upon today (452 x 100 oz which equals 645,500 oz standing in this active delivery month of February (20.07 tonnes). THERE IS 15.198 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR. THIS MAY TURN OUT TO BE VERY PROBLEMATIC FOR OUR BANKERS.

 

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IN THE LAST 17 MONTHS 67 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 1 inventory deposits into the customer account

i) into Delaware: 5925.000 oz???

total inventory deposits: 5925.000 oz

we had 1 withdrawals from the customer account;

 

i) Out of HSBC: 384,530.572 oz

 

total withdrawals;  384,530.572 oz

we had 1 adjustment

i) Out of CNT: 420,015.734 oz was adjusted out of the dealer and this landed into the customer account of CNT

total dealer silver:  45.041 million

total dealer + customer silver:  246.976 million oz

The total number of notices filed today for the FEBRUARY. contract month is represented by 116 contract(s) FOR 580,000 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 116 x 5,000 oz = 580,000 oz to which we add the difference between the open interest for the front month of FEB. (134) and the number of notices served upon today (116 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the FEB contract month: 116(notices served so far)x 5000 oz + OI for front month of FEBRUARY(134) -number of notices served upon today (116)x 5000 oz equals 670,000 oz of silver standing for the FEBRUARY contract month.

 

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ESTIMATED VOLUME FOR TODAY: 92,361

CONFIRMED VOLUME FOR YESTERDAY: 88,179 CONTRACTS

YESTERDAY’S CONFIRMED VOLUME OF 88,179 CONTRACTS EQUATES TO  440 MILLION OZ OR 70% 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 -2.33% (Jan 30/2018)
2. Sprott gold fund (PHYS): premium to NAV FALLS TO -0.46% to NAV (Jan 30/2018 )
Note: Sprott silver trust back into NEGATIVE territory at -1.71%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.20%/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 4.04%: NAV 13.96/TRADING 13.38//DISCOUNT 4.04%

END

And now the Gold inventory at the GLD/

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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Jan 31/2018/ Inventory rests tonight at 841.35 tonnes

*IN LAST 316 TRADING DAYS: 99.80 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 250 TRADING DAYS: A NET 57.51 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.

end

Now the SLV Inventory

Jan 31no 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/

.

Jan 31/2017:

Inventory 313.896 million oz

end

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

+ 1.71%
12 Month MM GOFO
+ 2.11%

end