RAID!! – Harvey Organ

BANKERS SUPPLY $2 BILLION IN PAPER GOLD SHORT AT 4 AM THIS MORNING; THEY ALSO SUPPLY 27.5 MILLION OZ OF SILVER SHORT IN ORDER TO RAID PRIOR TO OPTIONS EXPIRY AT THE COMEX

 


BANKERS SUPPLY $2 BILLION IN PAPER GOLD SHORT AT 4 AM THIS MORNING; THEY ALSO SUPPLY 27.5 MILLION OZ OF SILVER SHORT IN ORDER TO RAID PRIOR TO OPTIONS EXPIRY AT THE COMEX/TWO ITALIAN BANKS FAIL AND THEY ARE RESCUED AS A BAIL OUT NOT A BAIL IN AS ITALIAN TAXPAYERS WILL HAVE TO FORK OVER MONEY

GOLD: $1246.30  DOWN $9.90

Silver: $16.56  DOWN 7  cent(s)

Closing access prices:

Gold $1244.00

silver: $16.59

 

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: $1263.54 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1254.45

PREMIUM FIRST FIX:  $9.09

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SECOND SHANGHAI GOLD FIX: $1263.54

NY GOLD PRICE AT THE EXACT SAME TIME: $1254.50

Premium of Shanghai 2nd fix/NY:$9.04

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LONDON FIRST GOLD FIX:  5:30 am est  $1240.85

NY PRICING AT THE EXACT SAME TIME: $1241.85  

LONDON SECOND GOLD FIX  10 AM: $1245.25

NY PRICING AT THE EXACT SAME TIME. $1244.25 

 

For comex gold:

JUNE/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH:  103 NOTICE(S) FOR 10300  OZ.

TOTAL NOTICES SO FAR: 2773 FOR 277,300 OZ    (8.625 TONNES)

 
 
 

For silver:

JUNE

 

 0 NOTICES FILED TODAY FOR

 

nil  OZ/

Total number of notices filed so far this month: 991 for 4,905,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

 

END

Over at the comex, the amount standing for the silver metal again rose in similar fashion to what we witnessed last month and also in April. It is up for the 18th consecutive trading day. We certainly have a determined entity trying to get its hands on whatever silver is available.

We have now officially entered options expiry week:

comex options expiry TOMORROWTuesday June 27

London options expiry: Friday June 30

first day notice  Friday June 30

It is going to be interesting to see the open interest for silver tomorrow.  The volumes today was astronomically high and the crooks had trouble witnessing silver leaves falling from the silver tree.  

 
 
 

end

 
 
 
 
 
 
 
 

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY FELL BY 1,254 contract(s) DOWN to 204616 WITH THE RISE IN PRICE OF SILVER THAT TOOK PLACE WITH FRIDAY’S TRADING (UP 8 CENT(S). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.0230 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 0 NOTICE(S) FOR nil  OZ OF SILVER

In gold, the total comex gold  SURPRISINGLY FELL BY  A  CONSIDERABLE 2,426 CONTRACTS DESPITE THE RISE IN PRICE OF GOLD   ($7.60 with FRIDAY’S TRADING). The total gold OI stands at 450,301 contracts.

we had 103 notice(s) filed upon for 10,300 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

We had a big change in tonnes of gold at the GLD: a withdrawal of 2.66 tonnes from the GLD

Inventory rests tonight: 851.02 tonnes

.

SLV

Today: no change  in silver inventory at the SLV:

THE SLV Inventory rests at: 339,888 million oz

end

.

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

1. Today, we had the open interest in silver FELL BY 1,254 contracts DOWN TO 204,616 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787), DESPITE THE RISE IN PRICE FOR SILVER WITH YESTERDAY’S TRADING  (UP 8 CENTS).We LOST A FEW BUT MOST EVERYBODY remains firm and determined.

(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 SUNDAY night/MONDAY morning: Shanghai closed UP 27.57 POINTS OR 0.87%   / /Hang Sang CLOSED UP 201.84 POINTS OR 0.79% The Nikkei closed UP 20.68 POINTS OR 0.10%/Australia’s all ordinaires CLOSED UP 0.07%/Chinese yuan (ONSHORE) closed DOWN at 6.8406/Oil UP to 43.17 dollars per barrel for WTI and 45.58 for Brent. Stocks in Europe OPENED ALL IN THE GREEN,,      Offshore yuan trades  6.8540 yuan to the dollar vs 6.8406 for onshore yuan. NOW  THE OFFSHORE IS MUCH WEAKER TO THE ONSHORE YUAN/ ONSHORE YUAN  WEAKER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS A LOT WEAKER TO THE DOLLAR AND THIS IS COUPLED WITH THE STRONGER DOLLAR. CHINA IS NOT HAPPY TODAY

3a)THAILAND/SOUTH KOREA/NORTH KOREA

i)NORTH KOREA

 

b) REPORT ON JAPAN

c) REPORT ON CHINA

 
 

4. EUROPEAN AFFAIRS

i)ITALY

It is now Italy’s turn:  two Italian banks failed Friday night which will no doubt cause junior bond holders and equity stock holders to lose everything.

( WolfRichter/WolfStreet)

ii)Italy

I guess the new rules for a bail in are thrown out the window:  Italy’s taxpayers are bailing out the two failed banks to the tune of $17 billion
 
( zero hedge)
 
iii)UK

Theresa May strikes a deal with Northern Ireland and that will give the conservatives sufficient votes for pass the Queen’s speech.

(courtesy zero hedge)

 

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

 
 

6 .GLOBAL ISSUES

 
 

7. OIL ISSUES

 
 
 
 
 

8. EMERGING MARKET

 

9.   PHYSICAL MARKETS

i)More derivatives are planned to entice gold investors to go with paper gold rather than the real thing.

( zero hedge)

ii)Monetary Metals (of which I am now reported) has provided forward rates for GOLD and SILVER.  Silver has just been added.

 

( Monetary Metals/GATA)

iii)Gold and silver will following the cryptos higher states John Embry

( Kingworldnews/John Embry)

iv)Chris Powell on this morning’s 18,000 contract short ($2 billion)

(Chris Powell)

v)As promised, a huge 2 billion USA dollars worth of gold supplied and that knocked gold down.  It was not a fat finger!

( zero hedge)

vi)All Cryptos suffer a huge loss of trading today

( zero hedge)

vii)

This is good; Louisiana ends sales tax on both gold and silver bullion:

( Money Metals Exchange/)

 

10. USA Stories

i)Another good commentary showing how Illinois is basically a basket case especially with all of their unfunded liabilities
(courtesy Lang/SHTFPlan.com)
ii)Bernie and wife under FBI investigation for bank fraud( zero hedge)A partial victory for Trump as the Supreme Court of the uSA mostly reinstates the Trump travel ban.  They have scheduled October hearings:( zero hedge)
iii)Durable goods order fall a huge 1.1% in May (expected .6% drop)We continually get hard data to the downside

( Reuters)

iv)Seattle raised its minimum wage to 15 dollars starting in April 2015. A study shows that this caused the equivalent of 6700 jobs lost and many full time workers moving to the part time category due to the higher cost

 

( zero hedge)

( zerohedge)

Let us head over to the comex:

The total gold comex open interest SURPRISINGLY  FELL BY 2,426 CONTRACTS DOWN to an OI level of 449,164 DESPITE THE RISE IN THE PRICE OF GOLD ($7.60 with FRIDAY’S trading). An open interest of around 390,000 to 400,000 is core and nothing will move these guys from their contracts.

We are now in the contract month of JUNE and it is one of the BETTER delivery months  of the year. In this JUNE delivery month we had A LOSS OF 120 contract(s)FALLING TO  398.  We had 42 notices filed yesterday so we LOST 78  contract(s) or an additional 7800 oz will NOT stand for delivery in this very active delivery month of June AND  78 CONTRACT(S) RECEIVED AN EFP CONTRACT WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURE GOLD CONTRACT/OR A LONG CALL OR MOST LIKELY A LONDON BASED FORWARD GOLD CONTRACT. THESE EFP’S ARE PRIVATE OFF COMEX TRANSACTIONS. THE STUBBORN LONGS WHO ARE REMAINING STOIC AT THE COMEX ARE SO FAR REFUSING THAT FIAT BONUS (JUST UNDER 10 TONNES STANDING)

Below is a little background on the EFP contracts  initiated by our bankers:
 
We now know for certain that private EFP contracts are given by the bankers when faced with an upcoming active delivery month and they state that this is for emergency purposes only and that they do not have actual physical metal to deliver upon in the front month.  We just do not know the makeup of that private deal.  It is my contention that the longs in GOLD FOR INSTANCE at the end of MAY(for June contracts) were given a fiat bonus plus a long “in the money” call for a  future July contract or a August FUTURE contract or MAYBE EVEN A LONDON BASED FORWARD GOLD CONTRACT. . and this is why the total comex open interest complex obliterates as we enter first day notice.  So now everything makes sense: the obliteration of OI as we enter first day notice has not really occurred in the real sense but replaced with a future long contract call and/or an off -comex London based gold contract  with some bonus money for their effort.

The non active July contract LOST 275 contracts to stand at 921 contracts. The next big active month is August and here the OI LOST 5451 contracts DOWN to 300,446, as the bankers trying to keep this month down to manageable size.

We had 103 notice(s) filed upon today for 10300 oz

 

 
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And now for the wild silver comex results.  Total silver OI SURPRISINGLY  FELL BY A 1,254 contracts FROM 205,870 DOWN TO 204,616 DESPITE FRIDAY’S 8 CENT GAIN. OUR BANKER FRIENDS ARE DESPERATELY TRYING TO COVER THEIR SHORTS IN SILVER BUT AS YOU CAN SEE  THEY HAVE NOT BEEN AS SUCCESSFUL AS THEY WOULD HAVE LIKED.
 
 
 
 
We are in the NON active delivery month is JUNE  Here the open interest LOST 2 contract(s) FALLING TO 4 contracts. We had 3 notices served upon yesterday so we  GAINED ANOTHER 1 CONTRACT(S) OR AN ADDITIONAL  5,000 OZ OF SILVER WILL STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF JUNE AND 0 EFP CONTRACTS WERE ISSUED.  IT SEEMS WE ARE CONTINUING WHERE WE LEFT OFF LAST MONTH IN SILVER AS INVESTORS ARE WILLING TO FORGO THE FIAT PROFIT JUST TO SECURE PHYSICAL SILVER METAL.
 

The next big active month will be July and here the OI LOST 10,064 contracts DOWN to 48,785 as we start to wind down before first day notice Friday, June 30.  July will be interesting to watch in silver as we witness fewer players pitching for EFP contracts than with gold. We have 4 trading days left before first day notice

The month of August, a non active month picked up 21 contracts to stand at 170.  The next big active delivery month for silver will be September and here the OI already jumped by another 8569 contracts up to 113,367.

I will give you a snapshot as to what happened last year at the exact number of days before first day notice:

  June 27.2016:  44,936 contracts were still outstanding vs 48,785 contracts June 26.2017.WITH THE EXACT SAME NUMBER OF TRADING DAYS BEFORE FIRST DAY NOTICE 

At the conclusion of June, the final standing for physical silver was 3,080,000 oz and we have already surpassed that number this year  (4,595,000 oz).

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.

As for the July contracts:

Initial amount that stood for silver for the July 2016 contract:  14.785 million  oz

Final standing:  12.370 million with the difference being EFP’s taking delivery in London.

 

We had 0 notice(s) filed for NIL oz for the June 2017 contract

 

VOLUMES: for the gold comex

Today the estimated volume was 213,159 contracts which is GOOD/BUT VOLUME DUE TO RAID

Yesterday’s confirmed volume was 174,020 contracts  which is fair

volumes on gold are STILL HIGHER THAN NORMAL!

 
INITIAL standings for JUNE
 June 26/2017.
 
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 
 
 
nil
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz NIL  oz
Deposits to the Customer Inventory, in oz 
 
 
 
 
 
 
nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
 
103 notice(s)
 
10300 OZ
 
 
No of oz to be served (notices)
295 contracts
29,500 oz
 
Total monthly oz gold served (contracts) so far this month
 
2773 notices
277,300 oz
8.625 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   326,769.0 oz
 
 
 
Today we HAD  0 kilobar transaction(s)/ 
We had 0 deposit into the dealer:
 
 
 
 
total dealer deposits: NIL 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 0 adjustment(s):
 
 
 
 
 
For JUNE:
 

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 103  contract(s)  of which 0 notices were stopped (received) by j.P. Morgan dealer and 65 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 JUNE. contract month, we take the total number of notices filed so far for the month (2773) x 100 oz or 277,300 oz, to which we add the difference between the open interest for the front month of JUNE (398 contracts) minus the number of notices served upon today (103) x 100 oz per contract equals 306,800  oz, the number of ounces standing in this active month of JUNE.
 
Thus the INITIAL standings for gold for the JUNE contract month:
No of notices served so far (2773) x 100 oz  or ounces + {(398)OI for the front month  minus the number of  notices served upon today (103) x 100 oz which equals 306,800 oz standing in this  active delivery month of JUNE  (9.5427 tonnes)
.
WE LOST 78 CONTRACTS OR AN ADDITIONAL 7800 OZ WILL NOT STAND AT THE COMEX AND 78 CONTRACT WAS GIVEN AN EFP CONTRACTS WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURES GOLD CONTRACT OR A LONG CALL ON A GOLD CONTRACT OR MOST LIKELY A LONDON BASED GOLD FORWARD CONTRACT. YOU CAN NOW SEE WHY THE COT REPORTS ARE DISTORTED DUE TO THE ISSUANCE OF THESE EFP CONTRACTS 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Total dealer inventory 850,783.09 or 26.460 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,627,522.549 or 268.35 tonnes 
 
 
 
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 268.35 tonnes for a  loss of 35  tonnes over that period.  Since August 8/2016 we have lost 86 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 10 MONTHS  85 NET TONNES HAS LEFT THE COMEX.
 
end
 
And now for silver
 
AND NOW THE June DELIVERY MONTH
 
June INITIAL standings
 June 26 2017
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 
 
 
 
 
 
 
 
 337,867.892  oz
 
 
CNT
DELAWARE
SCOTIA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 
 
nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 972,881.97 oz
 
HSBC
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
 0 CONTRACT(S)
(NIL OZ)
No of oz to be served (notices)
4 contracts
( 20,000 oz)
Total monthly oz silver served (contracts) 981 contracts (4,905,000 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 6,332,238.3 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 3 customer withdrawal(s):
 
 i)Out of CNT: 25,079.47 OZ
ii) Out of Delaware: 31,683.352 oz
iii) Out of Scotia: 281,105.07
 
 
 
 
 
 
 
 
 
 
TOTAL CUSTOMER WITHDRAWALS: 337,867.892 oz
 
 
 
We had 1 Customer deposit(s):
 
i)Into HSBC: 972,881.97 oz
 
 
 
***deposits into JPMorgan have now stopped again
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: 972,881.97 oz
 
 
 we had 1 adjustment(s)
Out of jPMorgan:  26,907.200 oz was removed from JPM due to a counting error.
 
 
 
The total number of notices filed today for the JUNE. contract month is represented by 0 contract(s) for NIL oz. To calculate the number of silver ounces that will stand for delivery in JUNE., we take the total number of notices filed for the month so far at 981 x 5,000 oz  = 4,905,000 oz to which we add the difference between the open interest for the front month of JUNE (4) and the number of notices served upon today (0) x 5000 oz equals the number of ounces standing
 

 

.
 
Thus the initial standings for silver for the JUNE contract month:  981 (notices served so far)x 5000 oz  + OI for front month of JUNE.(4 ) -number of notices served upon today (0)x 5000 oz  equals  4,925,000 oz  of silver standing for the JUNE contract month.
 
We gained 1 contract(s) or an additional 5,000 oz will stand for delivery. WE ALSO HAD 0 EFP CONTRACTS THAT WERE ISSUED AS THE LONGS REFUSED A FIAT BONUS: THEY WANT THEIR PHYSICAL SILVER. THIS IS THE 18TH CONSECUTIVE TRADING DAY THAT WE EITHER GAINED NOR DID WE LOSE ANY SILVER CONTRACTS THROUGH THE EFP ROUTE.
 
 
 
 
 
 
 
 
 
 
 
Volumes: for silver comex
 
 
 
Today the estimated volume was 105,692 which is GIGANTIC
Yesterday’s  confirmed volume was 110,179 contracts which is GIGANTIC
 
YESTERDAY’S ESTIMATED VOLUME OF 110,179 CONTRACTS EQUATES TO 551 MILLION OZ OF SILVER OR 79% 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:  34.912 million (close to record low inventory  
Total number of dealer and customer silver:   206.374 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 7.0% to NAV for Cdn funds!!!! 
Percentage of fund in gold 62.3%
Percentage of fund in silver:37.5%
cash .+0.2%( June 26/2017
 
 
 
 
 
 
2. Sprott silver fund (PSLV): STOCK   NAV  falls TO +.32% (june 26/2017
3. Sprott gold fund (PHYS): premium to NAV falls TO -0.58% to NAV  (June 26/2017 )
Note: Sprott silver trust back  into POSITIVE territory at +0.32 /Sprott physical gold trust is back into NEGATIVE/ territory at -0.58%/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

June 26/a withdrawal of 2.66 tonnes from the GLD and this gold no doubt was part of the raid/Inventory rests at 851.02

June 23/no change in gold inventory at the GLD/Inventory rests at 853.68 tonnes

June 22/no change in gold inventory at the GLD/Inventory rests at 853.68 tonnes

June 21/no change in gold inventory at the GLD/Inventory rests at 853.68 tonnes

June 20/no  change in gold inventory at the GLD//Inventory rests at 853.68 tonnes

June 19/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 853.68 TONNES

June 16/no changes in gold inventory at the GLD/Inventory rests at 853.68 tonnes

June 15/ a monstrous “paper” withdrawal of 13.32 tonnes/Inventory rests at 853.68 tonnes

June 14./NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 867.00 TONNES

June 13. No change in gold inventory at the GLD/Inventory rests at 867.00 tonnes

June 12/No change in gold inventory at the GLD/Inventory rests at 867.00 tonnes

June 9/no change in inventory at the GLD/Inventory rests at 867.00 tonnes

June 8/AN ADDITION OF 3.07 TONNES OF GOLD ADDED TO THE GLD/INVENTORY RESTS AT 867.00 TONNES

June 7 a huge change in inventory/a deposit of 13.93 tonnes/inventory rests at 864.93 tonnes

June 6/ no changes in inventory at the GLD/Inventory remains at 851.00 tonnes

June 5.2017/no changes at the GLD/Inventory remain at 851.00 tonnes

June 2/2017/a huge deposit of 3.55 tonnes of gold into the GLD/Inventory rests at 851.00 tonnes

June 1/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 847.45 TONNES

May 31./ no change in gold inventory at the GLD/Inventory rests at 847.45 tonnes

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

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
June 26 /2017/ Inventory rests tonight at 851.02 tonnes
 
*IN LAST 180 TRADING DAYS: 96.11 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 121 TRADING DAYS: A NET  31.32 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET  44.66 TONNES HAVE BEEN ADDED.

end

Now the SLV Inventory

June 26/no change in the silver inventory at the SLV/Inventory rests at 339.888 million oz/

June 23/no change in silver inventory at the SLV/Inventory rests at 339.888 million oz

June 22/ a big change; a huge deposit of 2.175 million oz into the SLV/Inventory rests at 339.888 million oz

June 21/no change in silver inventory at the SLV/inventory rests at 337.713 million oz

June 20/a deposit of 1.513 million oz/inventory rests at 337.713 million oz/.

June 19/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 336.200 MILLION OZ

June 16/no changes in inventory at the SLV/inventory rests at 336.200 million oz

June 15/ a massive “paper withdrawal” of 3.405 million oz of silver/Inventory rests at 336.200 million oz/

June 14/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 339.605 MILLION OZ/

June 13/no change in silver inventory at the SLV/Inventory rests at 339.605 million oz

June 12/no change in silver inventory at the SLV/Inventory rests at 339.605 million oz/

June 9/no change in silver inventory at the SLV/Inventory rests at 339.605 million oz/

June 8/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 339.605 MILLION OZ/

June 7/no change in inventory at the SLV/inventory rests at 339.605 million oz/

June 6/no change in inventory at the SLV/Inventory rests at 339.605 million oz.

June 5/a huge change at the SLV/a withdrawal of 1.371 million oz /inventory rests at 339.605 million oz/

June 2/no change in silver inventory at the SLV/Inventory rests at 340.976 million oz/

June 1/NO CHANGE IN INVENTORY AT THE SLV/INVENTORY RESTS AT 340.976 MILLION OZ

May 31./ no change in silver inventory at the SLV/inventory rests at 340.976 million oz/

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/