Harvey Organ: JP Morgan Is Stacking More And More Physical Silver Nearly Every Single Day

Harvey is back with an important update on the shenanigans taking place in the COMEX. Here’s the latest…

by Harvey Organ of Harvey Organ Blog

FEB 28/DOW DOWN 381 POINTS/NASDAQ DOWN 57 POINTS AND THIS WAS THE WORST FEBRUARY SINCE 2009/GOLD DOWN 70 CENTS AT $1316.70/SILVER DOWN ANOTHER 5 CENTS TO $16.38/JAPAN RECORDS HUGE PLUNGE IN RETAIL SALES AND ALSO A HUGE FALL IN INDUSTRIAL PRODUCTION/CHINA SUFFERS HUGE FALLS IN BOTH OF THEIR PMI/THE USA’S BEA LOWERS ESTIMATES OF Q4 GDP DOWN TO 2.5%/MORE SWAMP STORIES/

GOLD: $1316.70 down $0.70

Silver: $16.38 down 5 cents

Closing access prices:

Gold $1318.30

silver: $16.42

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: $1342.38 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1334.10

PREMIUM FIRST FIX: $8.28

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SECOND SHANGHAI GOLD FIX: $1337.74

NY GOLD PRICE AT THE EXACT SAME TIME: $1318.70

PREMIUM SECOND FIX /NY:$19.04

SHANGHAI REJECTS NY PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1332.75

NY PRICING AT THE EXACT SAME TIME: $1333.70

LONDON SECOND GOLD FIX 10 AM: $1317.85

NY PRICING AT THE EXACT SAME TIME. $1318.10

For comex gold:

MARCH/

NUMBER OF NOTICES FILED TODAY FOR MARCH CONTRACT: 0 NOTICE(S) FOR NIL OZ.

TOTAL NOTICES SO FAR:2749 FOR 274900 OZ (8.5505 TONNES),

For silver:

MARCH

3507 NOTICE(S) FILED TODAY FOR

NIL OZ/

Total number of notices filed so far this month: 3507 for 17,535,000 oz

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Bitcoin: BID $10,540/OFFER $10,610: DOWN $3.00(morning)

Bitcoin: BID/ $10,628/offer $10,698: UP $85  (CLOSING/5 PM)

end

Let us have a look at the data for today\

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In silver, the total open interest ROSE BY A CONSIDERABLE SIZED 1344 contracts from 191,999  RISING TO 193,343 DESPITE  YESTERDAY’S 17 CENT FALL IN SILVER PRICING.  WE HAD ZERO COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  324 EFP’S FOR MARCH AND AND 2325 EFP’S FOR MAY AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 2649 CONTRACTS.  WITH THE TRANSFER OF 2649 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. THE 2649 CONTRACTS TRANSLATES INTO 13.245 MILLION OZ DESPITE  WITH THE CONTINUAL DROP IN OPEN INTEREST IN SILVER AT THE COMEX.

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF FEBRUARY:

48,989 CONTRACTS (FOR 20 TRADING DAYS TOTAL 48,989 CONTRACTS OR 244.945 MILLION OZ: AVERAGE PER DAY: 2637 CONTRACTS OR 13.185 MILLION OZ/DAY

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  244.945 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 34.98% OF ANNUAL GLOBAL PRODUCTION

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  493.475 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ

ACCUMULATION FOR MONTH OF FEBRUARY: 244.945 MILLION OZ

RESULT: WE HAD ZERO LOSS  IN COMEX OI SILVER COMEX DESPITE THE 17 CENT LOSS IN SILVER PRICE.  WE ALSO HAD A GOOD SIZED EFP ISSUANCE OF 2649 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 2649 EFP’S  FOR  MONTHS MARCH AND MAY WERE ISSUED FOR  A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS.   WE GAINED  3993 OI CONTRACTS i.e. 2649 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 1344  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE FALL IN PRICE OF SILVER OF 17 CENTS AND A CLOSING PRICE OF $16.43 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A FAIR 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. 0.9667 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED: 3507 NOTICE(S) FOR 17,535 OZ OF SILVER

In gold, the open interest  ROSE BY A SMALL 211 CONTRACTS RISING TO 532,860 DESPITE THE CONSIDERABLE FALL IN PRICE OF GOLD WITH RESPECT TO YESTERDAY’S TRADING ($13.80).HOWEVER, IN ANOTHER DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR WEDNESDAY AND IT TOTALED AN HUGE SIZED  13,581 CONTRACTS OF WHICH  APRIL SAW THE ISSUANCE OF 13,581 CONTRACTS AND  JUNE SAW THE ISSUANCE OF 0 CONTRACTS AND THEN ALL OTHER MONTHS ZERO.    The new OI for the gold complex rests at 532,649. 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. 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 FEBRUARY 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 WE HAVE A GAIN OF 13,792  CONTRACTS: 211 OI CONTRACTS INCREASED AT THE COMEX AND A HUGE SIZED  13,581 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.(16,117 oi gain in CONTRACTS EQUATES TO 42.89TONNES)

YESTERDAY, WE HAD 7855 EFP’S ISSUED.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEBRUARY STARTING WITH FIRST DAY NOTICE: 208,806 CONTRACTS OR 20,880,600  OZ OR 649.45 TONNES (20 TRADING DAYS AND THUS AVERAGING: 10,440EFP CONTRACTS PER TRADING DAY OR 1,044,000 OZ/ TRADING DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 19 TRADING DAYS: IN  TONNES: 649.45 TONNES

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

THUS EFP TRANSFERS REPRESENTS 649.45/2200 x 100% TONNES =  29.52% OF GLOBAL ANNUAL PRODUCTION SO FAR IN FEBRUARY ALONE.

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:  1283.01 TONNES

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

ACCUMULATION OF GOLD EFP’S FOR FEBRUARY: 649.45 TONNES

Result: A  STRONG SIZED INCREASE IN OI AT THE COMEX DESPITE THE HUGE FALL IN PRICE IN GOLD TRADING YESTERDAY ($13.80).  HOWEVER, WE HAD ANOTHER HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 13,581 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED.   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 13,581 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 13,792 contracts ON THE TWO EXCHANGES:

13,581 CONTRACTS MOVE TO LONDON AND  211 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 42.89 TONNES).

we had: 0 notice(s) filed upon for NIL oz of gold.

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

GLD

WITH GOLD DOWN $0.70 : NO CHANGES IN GOLD INVENTORY AT THE GLD OF GOLD INTO THE GLD

Inventory rests tonight: 831.03 tonnes.

SLV/

WITH SILVER DOWN 5 CENTS TODAY:

NO CHANGES IN SILVER INVENTORY AT THE SLV

/INVENTORY RESTS AT 316.590 MILLION OZ/

Let us head over to the comex:

The total gold comex open interest ROSE BY  211 CONTRACTS UP to an OI level 532,860  DESPITE THE CONSIDERABLE FALL IN THE PRICE OF GOLD ($13.80 LOSS/ YESTERDAY’S TRADING). SURPRISINGLY WE HAD ZERO COMEX GOLD LIQUIDATION.  HOWEVER THE CME REPORTS THAT  THE BANKERS ISSUED A RATHER SMALL COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS. WE HAD A 13,581 EFP’S ISSUED FOR APRIL  AND 0 EFP’s  FOR JUNE AND ZERO FOR ALL OTHER MONTHS:  TOTAL  13,581 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: 13,792 OI CONTRACTS IN THAT 13,581 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED 211 COMEX CONTRACTS.

NET GAIN ON THE TWO EXCHANGES: 13,792 contracts OR 1,379,200  OZ OR 42.89 TONNES.

Result: A  GOOD SIZED INCREASE IN COMEX OPEN INTEREST DESPITE THE CONSIDERABLE FALL IN YESTERDAY’S GOLD TRADING ($13.80.)   TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 13,792 OI CONTRACTS..

We have now entered the non active contract month of MARCH where we LOST 303 contracts DOWN to 692 contracts. Thus by definition, the initial amount of gold standing for March is 692 contracts x 100 oz per contract =  69,200 oz or  2.1524 tonnes

April saw a GAIN of 1103 contracts UP to 352,628.  The really big June contract month saw a gain of 1072 contracts up to 99,105 contracts.

We had 0 notice(s) filed upon today for  nil oz

THERE DOES NOT SEEM TO BE ANY GOLD AT THE COMEX TO BE SERVED UPON.

 PRELIMINARY COMEX VOLUME FOR TODAY: 246,898 contracts

CONFIRMED COMEX VOL. FOR YESTERDAY:  359,489 CONTRACTS

comex gold volumes are RISING AGAIN

Here is a summary of the latest gold trading volumes at the Comex per year

certainly the introduction of EFP’s has certainly had an effect:

Trading Volumes on the COMEX

Meanwhile, gold-trading volumes on the COMEX have never been higher:

end

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And now for the wild silver comex results.

Total silver OI ROSE  BY A CONSIDERABLE 1344  CONTRACTS FROM 191,999 DOWN TO 193,343 DESPITE YESTERDAY’S 17 CENT FALL IN TRADING).   HOWEVER,WE WERE ALSO INFORMED THAT WE HAD ANOTHER GOOD SIZED 324 EMERGENCY EFP’S FOR MARCH ISSUED BY OUR BANKERS (WITH 2325 EFP CONTRACTS FOR MAY AND ZERO FOR ALL OTHER MONTHS) TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON: THE TOTAL EFP’S ISSUED: 2649.   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 OBVIOUSLY HAD ZERO LONG COMEX SILVER LIQUIDATION WITH A HUGE SIZED GAIN 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 GAINED  3993  SILVER OPEN INTEREST CONTRACTS

1344 CONTRACT GAIN AT THE COMEX COMBINING WITH THE ADDITION OF 2649 OI CONTRACTSNAVIGATING OVER TO LONDON.

NET GAIN ON THE TWO EXCHANGES: 3993 CONTRACTS

We are now in the  active delivery month of MARCH and here the front month LOST 12,735 contracts FALLING TO  4934 contracts. Thus by definition, the number of silver oz standing in this active contract month of March is 4934 contracts x 5,000 per contract  =   24,670,000 OZ.  THIS IS A VERY STRONG AMOUNT OF SILVER STANDING FOR METAL AT THE COMEX.

 

April gained 37 contracts up to 424 .

The next big active delivery month for silver will be May and here the OI rose by 13,129 contracts up to 150,405

 

We had 0 notice(s) filed for NIL OZ for the FEBRUARY 2018 contract for silver

INITIAL standings for MARCH

Feb 28/2018.

we had 0 kilobar transaction/
We had 0 inventory movement at the dealer accounts
total inventory deposit into the dealer accounts:  nil oz
we had nil withdrawal out of the customer account:
total withdrawal: nil  oz
we had 0 customer deposit
total customer deposits: nil  oz
we had 4 adjustment(s)
i) out of HSBC:
132,734.637 oz was adjusted out of the dealer and this landed into the customer account of HSBC
ii) out of Brinks:
12,043.425 oz leaves the dealer and arrives at the customer account of Brinks
iii) out of Scotia:
33,189.356 oz leaves the dealer and this arrives at Scotia
iv) out of Malco
209.278  oz leaves Malca dealer and strangely 212.278 oz arrives into the customer account
a total of 178,176.696 oz leaves the above dealers and arrives at the customer accounts or 5.54 tonnes
since only 2 tonnes are standing..this is very strange.
total registered or dealer gold:  358,689.776 oz or 10.44 tonnes
total registered and eligible (customer) gold;   9,132,857.478 oz 284.07 tones
THE COMEX IS AGAIN IN STRESS AS ONLY 10.44 TONNES OF GOLD ARE LEFT TO SERVICE DELIVERIES

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 0 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 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 MARCH. contract month, we take the total number of notices filed so far for the month (0) x 100 oz or 0 oz, to which we add the difference between the open interest for the front month of FEB. (692 contracts) minus the number of notices served upon today (0 x 100 oz per contract) equals 69200 oz, the number of ounces standing in this nonactive month of MARCH (2.1524 tonnes)

Thus the INITIAL standings for gold for the MARCH contract month:

No of notices served (0 x 100 oz or ounces + {(692)OI for the front month minus the number of notices served upon today (0 x 100 oz )which equals 69,200 oz standing in this  nonactive delivery month of March . THERE IS 10.441 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR.

 

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IN THE LAST 17 MONTHS 70 NET TONNES HAS LEFT THE COMEX.

end

And now for silver

AND NOW THE DECEMBER DELIVERY MONTH

MARCH INITIAL standings

we had 1 inventory movement at the dealer side of things

we had 1 inventory deposits into the dealer account

i) Into Brinks: 1,033,983.420  oz

total inventory deposits into dealer: 1,033,983.420 oz

we had 2 deposits into the customer account

i) into BRINKS:  5251.160 oz

ii) into HSBC: 1,798,918.100 oz

 

*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.

JPMorgan now has 135 million oz of  total silver inventory or 54% of all official comex silver.

 

total deposits customer account: 1,804,169.260 oz

we had 0 withdrawals from the customer account;

 

total withdrawals;  nil  oz

we had 3 adjustments

i) Out of Scotia:  1,003,206.500 oz was adjusted out of the customer account and this landed into the dealer account of Scotia

ii) out of HSBC:  1,671,695.000  oz  was adjusted out of the customer is this landed into the dealer account of HSBC

iii) Out of CNT 1,389,124.360 oz

 

total amount of silver adjusted out of the dealer and landing into customer accounts: 4,064,025.860 oz

total dealer silver:  55.558 million

total dealer + customer silver:  251,320 million oz

the silver comex also seems to be under tremendous stress to bring in silver for some purpose.

The total number of notices filed today for the March. contract month is represented by 3507 contract(s) FOR 17,535,000 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 3507 x 5,000 oz = 17,535,000 oz to which we add the difference between the open interest for the front month of Mar. (4934) and the number of notices served upon today (3507 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the March contract month: 3507(notices served so far)x 5000 oz + OI for front month of March(4934) -number of notices served upon today (3507)x 5000 oz equals 24,670,000 oz of silver standing for the March contract month.

 

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ESTIMATED VOLUME FOR TODAY: 60,402 CONTRACTS

CONFIRMED VOLUME FOR YESTERDAY: 131,433 CONTRACTS

YESTERDAY’S CONFIRMED VOLUME OF 131,433 CONTRACTS EQUATES TO  667 MILLION OZ OR 95.28% 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 RISES TO -2.03% (FEB 27/2018)
2. Sprott gold fund (PHYS): premium to NAV RISES TO -0.43% to NAV (FEB 27/2018 )
Note: Sprott silver trust back into NEGATIVE territory at -2.03%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.43%/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 RISES TO -3.71%: NAV 13.61/TRADING 13.11//DISCOUNT 3.71.

END

And now the Gold inventory at the GLD/

FEB 28/WITH GOLD DOWN ANOTHER 70 CENTS/NO CHANGE IN GOLD INVENTORY/INVENTORY RESTS AT 831.03 TONNES/.

feb 27/WITH GOLD DOWN $13.80 WE HAD NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 831.03 TONNES

FEB 26/WITH GOLD UP $2.40/WE HAD ANOTHER INVENTORY GAIN/THIS TIME 1.77 TONNE ADDITION TO THE GLD INVENTORY/INVENTORY RESTS AT 831.03 TONNES/WE HAVE HAD 5 INCREASES IN THE PAST 6 TRADING GOLD SESSIONS/

FEB 23/WITH GOLD DOWN $1.15, WE HAD A GOOD INVENTORY GAIN OF 1.47 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 829.26 TONNES

FEB 22/WITH GOLD UP 90 CENTS AGAIN TODAY, WE HAD NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 827.79 TONNES

FEB 21/ WITH THE 90 CENT GAIN WE HAD ANOTHER DEPOSIT OF 3.15 TONNES OF GOLD INTO THE GLD INVENTORY/INVENTORY RESTS TONIGHT AT 827.79 TONNES

Feb 20/WITH GOLD DOWN BY $24.25, THE CROOKS DECIDED THAT THEY HAD BETTER RETURN (DEPOSIT) 3.34 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS TONIGHT AT 824,64 TONNES

Feb 16/WITH GOLD UP BY 25 CENTS, THE CROOKS DECIDED AGAIN TO RAID THE COOKIE JAR BY WITHDRAWING 2.36 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 821.30 TONNES

Feb 15/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 823.66 TONNES

Feb 14/AN ADDITIONAL OF 2.95 TONNES OF GOLD INTO GLD WITH THE HUGE GAIN OF 27.40 IN PRICE/INVENTORY RESTS AT 823.66 TONNES

Feb 13/WITH GOLD UP $3.40 WE HAD NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 820.71 TONNES

Feb 12/STRANGE!!WITH GOLD RISING BY 12.00 DOLLARS, THE CROOKS DECIDED AGAIN TO WITHDRAW 5.6 TONNES OF GOLD FOR EMERGENCY USE ELSEWHERE/INVENTORY RESTS AT 820.71 TONNES

Feb 9/AGAIN WITH HUGE TURMOIL ON THE MARKETS, THE CROOKS WITHDREW 2 TONNES OF GOLD FROM THE GLD INVENTORY/INVENTORY RESTS AT 826.31 TONNES

Feb 8/DESPITE THE GOOD GAIN IN PRICE FOR GOLD TODAY/THE CROOKS REMOVED .96 TONNES FROM THE GLD INVENTORY/INVENTORY RESTS AT 828.31 TONNES

FEB 7/AN UNBELIEVABLE 12.08 TONNES WAS REMOVED BY THE CROOKED BANKERS AND THIS GOLD WAS USED IN THE ASSAULT THESE PAST FEW DAYS/INVENTORY RESTS AT 829.27 TONNES

Feb 6/AGAIN VERY STRANGE: WITH TODAY’S TURMOIL, THE CROOKS DID NOT ADD ANY GOLD INVENTORY INTO THE GLD/INVENTORY REMAINS AT 841.35 TONNES

Feb 5  Strange,with all of today’s turmoil, the crooks at the GLD decided to add zero ounces into GLD inventory/inventory rests at 841.35 tonnes

Feb 2/no change in gold inventory at the GLD/Inventory rests at 841.35 tonnes

Feb 1/with gold up by $8.00/the crooks decided not to add any new physical gold metal into the GLD./inventory rests at 841.35 tonnes

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

 

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Feb 28/2018/ Inventory rests tonight at 831.03 tonnes

*IN LAST 331 TRADING DAYS: 110.12 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 261 TRADING DAYS: A NET 47.19 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.

end

Now the SLV Inventory

FEB 28/WITH SILVER DOWN 5 CENTS TODAY/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.590 MILLION OZ/

feb 27/WITH SILVER DOWN 17 CENTS/NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 316.590 MILLION OZ

FEB 26/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.590 MILLION OZ/

FEB 23/WITH SILVER DOWN 10 CENTS TODAY, WE HAD ANOTHER HUGE ADDITION OF 1.315 MILLION OZ/INVENTORY RESTS AT 316.590 MILLION OZ/

fEB 22.2018/WITH SILVER DOWN  1 CENT TODAY, WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 315.271 MILLION OZ/

FEB 21/WITH SILVER UP 15 CENTS TODAY, WE HAD A GOOD SIZED INVENTORY ADDITION OF 1.226 MILLION OZ/INVENTORY RESTS AT 315.271 MILLION OZ/

Feb 20/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 314.045 MILLION OZ

Feb 16/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 314.045 MILLION OZ/

Feb 15/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 314.045 MILLION OZ/

Feb 14./NO CHANGE IN SILVER INVENTORY DESPITE THE HUGE RISE IN PRICE/INVENTORY RESTS AT 314.045 MILLION OZ

Feb 13./NO CHANGE IN SILVER INVENTORY TODAY/INVENTORY RESTS AT 314.045 MILLION OZ/

Feb 12/AGAIN, WITH TODAY’S HUGE RISE IN SILVER PRICE, IN TOTAL CONTRAST TO GOLD: NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 314.045 MILLION OZ/

Feb 9/AGAIN WITH TURMOIL ON THE MARKETS, STRANGELY IN TOTAL CONTRAST TO GOLD: NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 314.045 MILLION OZ/

Feb 8/DESPITE THE TURMOIL TODAY AND A PRICE RISE: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 314.045 MILLION OZ/

FEB 7/no change in silver inventory at the SLV/Inventory rests at 314.045 million oz/

Feb 6/WITH ALL OF TODAY’S TURMOIL/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 314.045 MILLION OZ/

Feb 5/ we had HUGE change in silver inventory at the SLV/ A DEPOSIT OF 1.131 MILLION OZ INTO THE SLV/Inventory rests at 314.045 million oz/

Feb 2/we lost 982,000 oz from the SLV inventory /inventory rests at 312.914 million oz/

Feb 1/no change in silver inventory at the SLV/Inventory rests at 313.896 million oz/

Jan 31/ no 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/

 

Feb 28/2017: NO CHANGES TO SILVER INVENTORY/

Inventory 316.590 million oz

end

6 Month MM GOFO 1.86/ and libor 6 month duration 2.181

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

G0FO+ 1.92%

libor 2.21 FOR 6 MONTHS/

GOLD LENDING RATE: .290%

12 Month MM GOFO
+ 2.34%

LIBOR FOR 12 MONTH DURATION: 2.480

GOFO = LIBOR – GOLD LENDING RATE

GOLD LENDING RATE  = .140

end