Harvey Organ: Somebody Needs A Considerable Amount Of Physical Silver THIS MONTH

Harvey Organ says the need for the phyzz is not just considerable, it’s urgent. Here’s the details…

by Harvey Organ of Harvey Organ Blog

MARCH 19/GOLD REBOUNDS ON EU NEWS OF RAISING RATES AND ENDING QE/GOLD RISES $5.25 TO $1317.90 BUT SILVER IS UP ONLY A NICKEL TO $16.33/EU-BREXIT DEAL ANNOUNCED WHICH CAUSES THE BRITISH POUND TO RISE/MORE LOSSES FOR DEUTSCHE BANK/BOTH RUSSIA AND THE UK REMOVE DIPLOMATS FROM THE POISONING SCANDAL/USA SET TO INTRODUCE A MONSTROUS 1.3 TRILLION DOLLAR SPENDING BILL/MCCABE FIRED WHICH SETS OF A PLETHORA OF SWAMP STORIES FOR YOU TONIGHT/

BEST POLITICAL QUOTE OF ANY ERA:  

 

“The Budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest Rome will become bankrupt.  People must again learn to work instead of living on public assistance.”

 

Cicero, 55 B.C.

 

So, we’ve evidently learned nothing over the past 2,073 years!

 

GOLD: $1317.90  up $5.25

Silver: $16.33 up 5 CENTS

Closing access prices:

Gold $1316.50

silver: $16.33

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: $1321.3 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1311.75

PREMIUM FIRST FIX: $9.55

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SECOND SHANGHAI GOLD FIX: $1318.49

NY GOLD PRICE AT THE EXACT SAME TIME: $1308.75

PREMIUM SECOND FIX /NY:$9.74

SHANGHAI REJECTS NY PRICING OF GOLD.

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ON APRIL 1  2018 I WILL NO LONGER PROVIDE THE LONDON FIXES AS THEY ARE MANIPULATED AND THEY WILL BE PROVIDED 36 HRS AFTER THE FACT AND  THUS TOTALLY USELESS TO US!!

LONDON FIRST GOLD FIX: 5:30 am est $1311.70

NY PRICING AT THE EXACT SAME TIME: $1310.70 ???

LONDON SECOND GOLD FIX 10 AM: $1312.40

NY PRICING AT THE EXACT SAME TIME. $1309.95 ????  SIGNALS CROSSED?

For comex gold:

MARCH/

NUMBER OF NOTICES FILED TODAY FOR MARCH CONTRACT:11 NOTICE(S) FOR 1100 OZ.

TOTAL NOTICES SO FAR:24 FOR 2400 OZ

For silver:

MARCH

28 NOTICE(S) FILED TODAY FOR

140,000 OZ/

Total number of notices filed so far this month: 5159 for 25,795,000 oz

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Bitcoin: BID $8221/OFFER $8,290: DOWN $288(morning)

Bitcoin: BID/ $8449/offer $8519: DOWN $59  (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 STRONG SIZED 1741 contracts from 208,501  RISING TO 210,242  DESPITE FRIDAY’S 15 CENT FALL IN SILVER PRICING.  WE OBVIOUSLY HAD ZERO COMEX LIQUIDATION. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP : 3619 EFP’S FOR MAY AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 3619 CONTRACTS.  WITH THE TRANSFER OF 3619 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 24-48 HRS IN THE ISSUING OF EFP’S. THE 3619 CONTRACTS TRANSLATES INTO 18.09 MILLION OZ  WITH THE RISE 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 MARCH:

29,068 CONTRACTS (FOR 13 TRADING DAYS TOTAL 29,068 CONTRACTS) OR 145.34 MILLION OZ: AVERAGE PER DAY: 2236 CONTRACTS OR 11.180 MILLION OZ/DAY

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  145.34 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 20.76% OF ANNUAL GLOBAL PRODUCTION

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  627.164 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ

ACCUMULATION FOR MONTH OF FEBRUARY: 244.945 MILLION OZ

RESULT: WE HAD A STRONG SIZED GAIN  IN COMEX OI SILVER COMEX OF 1741 DESPITE THE 15 CENT FALL IN SILVER PRICE.  WE ALSO HAD A HUGE SIZED EFP ISSUANCE OF 3619 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 3619 EFP’S  FOR THE  MONTH OF MARCH WERE ISSUED FOR  A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS.   WE GAINED  5360 OI CONTRACTS i.e. 3619 open interest contracts headed for London (EFP’s) TOGETHER WITH A INCREASE OF 1741  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE FALL IN PRICE OF SILVER OF 15 CENTS AND A CLOSING PRICE OF $16.38 WITH RESPECT TO FRIDAY’S TRADING. YET WE STILL HAVE A HUGE AMOUNT OF SILVER STANDING AT THE COMEX THIS MONTH.

In ounces AT THE COMEX, the OI is still represented by just OVER 1 BILLION oz i.e. 1.051 BILLION TO BE EXACT or 150% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH/ THEY FILED: 28 NOTICE(S) FOR 140,000 OZ OF SILVER

In gold, the open interest  FELL BY AN CONSIDERABLE SIZED 8760 CONTRACTS DOWN TO 533,887  WITH THE GOOD SIZED FALL IN PRICE  FRIDAY ( LOSS OF $5.65) HOWEVER  FOR MONDAY, THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED AN HUGE SIZED  11,571 CONTRACTS :  APRIL SAW THE ISSUANCE OF 11,071 CONTRACTS, JUNE SAW THE ISSUANCE OF 500 CONTRACTS AND THEN ALL OTHER MONTHS ZERO.   The new OI for the gold complex rests at 533,887. 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  AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE WE HAVE A GOOD  OI GAIN IN CONTRACTS: 8760 OICONTRACTS DECREASED AT THE COMEX BUT A HUGE SIZED 11,571 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.THUS  TOTAL OI GAIN: 2811 CONTRACTS OR 401,300 OZ =8.743 TONNES

FRIDAY, WE HAD 15,689 EFP’S ISSUED.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MARCH : 118,547 CONTRACTS OR 11,854,700  OZ OR 368.71 TONNES (13 TRADING DAYS AND THUS AVERAGING: 9119 EFP CONTRACTS PER TRADING DAY OR 911,900 OZ/ TRADING DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 13 TRADING DAYS IN  TONNES: 368.71 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES

THUS EFP TRANSFERS REPRESENTS 368.71/2550 x 100% TONNES =  14.45% OF GLOBAL ANNUAL PRODUCTION SO FAR IN MARCH ALONE.

ACCUMULATION OF GOLD EFP’S YEAR 2018 TO DATE:  1671.38 TONNES

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

ACCUMULATION OF GOLD EFP’S FOR FEBRUARY: 649.45 TONNES

Result: A CONSIDERABLE SIZED DECREASE IN OI AT THE COMEX WITH THE  FALL IN PRICE IN GOLDTRADING ON FRIDAY ($5.65 LOSS).  HOWEVER, WE HAD ANOTHER HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 11,571 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 11,571 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 2811 contracts ON THE TWO EXCHANGES:

11,571 CONTRACTS MOVE TO LONDON AND 8760 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 8.74  TONNES).

we had: 11 notice(s) filed upon for 1100 oz of gold.

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

GLD

WITH GOLD UP  $5.25 : ANOTHER HUGE  CHANGE IN GOLD INVENTORY AT THE GLD / A DEPOSIT OF 2.07 TONNES OF GOLD

Inventory rests tonight: 838.15 tonnes.

SLV/

WITH SILVER UP 5 CENTS TODAY:

A SMALL CHANGES IN SILVER INVENTORY AT THE SLV/ A DEPOSIT OF 659,000 OZ

/INVENTORY RESTS AT 319.671 MILLION OZ/

Let us head over to the comex:

The total gold comex open interest FELL BY AN CONSIDERABLE SIZED 8760 CONTRACTS DOWN to an OI level 533,887  WITH THE FALL IN THE PRICE OF GOLD ($5.65 LOSS/ FRIDAY’S TRADING).    HOWEVER THE CME REPORTS THAT  THE BANKERS ISSUED AN HUGE SIZED  COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS. WE HAD A 11,071 EFP’S ISSUED FOR APRIL , AND 500 CONTRACTS FOR  JUNE AND ZERO FOR ALL OTHER MONTHS:  TOTAL  11,571 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: 2811 OI CONTRACTS IN THAT 11,571 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST 8760 COMEX CONTRACTS.

NET GAIN ON THE TWO EXCHANGES: 2811 contracts OR 281,100  OZ OR 8.74 TONNES.

Result: AN STRONG SIZED DECREASE IN COMEX OPEN INTEREST WITH THE  FALL IN PRICE ON FRIDAY  (ENDING UP WITH A LOSS OF $5.65.). HOWEVER   TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 2811 OI CONTRACTS..

We have now entered the non active contract month of MARCH where we LOST 21 contracts LOWERING TO  507 contracts. We had 0 notices served upon yesterday, so LOST 21 contacts  or 2100 additional  oz will not stand for delivery at the comex and these guys morphed into London based forwards.

April saw a LOSS of 11,133 contracts DOWN to 244,083. May saw A LOSS of 23 contracts to stand at 479. The really big June contract month saw a GAIN of 1759 contracts UP to 188,570 contracts.

We had 11 notice(s) filed upon today for  1100 oz

Trading Volumes on the COMEX

PRELIMINARY COMEX VOLUME FOR TODAY:285,582  contracts

CONFIRMED COMEX VOL. FOR YESTERDAY:  322,185 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:

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 STRONG SIZED 1741  CONTRACTS FROM 208,501 UP TO 210,242 DESPITE OUR 15 CENT LOSS IN FRIDAY’S TRADING).   ALSO,WE WERE ALSO INFORMED THAT WE HAD 3619 EMERGENCY EFP’S FOR MARCH ISSUED BY OUR BANKERS 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: 3619  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 AND WE ALSO HAVE A STRONG SIZED GAIN IN TOTAL SILVER OI FROM OUR TWO EXCHANGES. WE ARE ALSO WITNESSING A STRONG AMOUNT OF SILVER OUNCES STANDING FOR COMEX METAL IN THIS ACTIVE OF MARCH 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  5360  SILVER OPEN INTEREST CONTRACTS AS  WE OBTAINED A 1741 CONTRACT GAIN AT THE COMEX COMBINING WITH THE ADDITION OF 3619 OI CONTRACTSNAVIGATING OVER TO LONDON.

NET GAIN ON THE TWO EXCHANGES: 5360 CONTRACTS

AMOUNT STANDING FOR SILVER AT THE COMEX

We are now in the  active delivery month of MARCH and here the front month LOST 36 contracts FALLING TO 130 contracts. We had 48 contracts filed on FRIDAY, so we GAINED 12 contracts or an additional 60,000 OZ will stand in this active delivery month of March.(AS SOMEBODY IS IN URGENT NEED OF CONSIDERABLE PHYSICAL SILVER)

April LOST 7 contracts FALLING TO 414 .

The next big active delivery month for silver will be May and here the OI GAINED 1948 contracts UP to 150,536

We had 24 notice(s) filed for 140,000 OZ for the MARCH 2018 contract for silver

INITIAL standings for MARCH/GOLD

MARCH 19/2018.

we had 1 kilobar transaction/
We had 0 inventory movement at the dealer accounts
total inventory deposit into the dealer accounts:  NIL  oz
total inventory withdrawals out of dealer accounts; nil oz
we had 1 withdrawals out of the customer account:
i) out of Scotia:  4822.500 oz
150 kilobars
total withdrawal: 4822.500   oz
we had 0 customer deposit
total customer deposits: nil oz
we had 0 adjustment(s)
total registered or dealer gold:  339,378.269 oz or 10.556 tonnes
total registered and eligible (customer) gold;   9,070,432.280 oz 282.12 tones
THE COMEX IS AGAIN IN STRESS AS ONLY 10.556 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 11 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 3 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 (24) x 100 oz or 0 oz, to which we add the difference between the open interest for the front month of FEB. (507 contracts) minus the number of notices served upon today (11 x 100 oz per contract) equals 52,000 oz, the number of ounces standing in this nonactive month of MARCH (1.6174 tonnes)

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

No of notices served (24 x 100 oz or ounces + {(507)OI for the front month minus the number of notices served upon today (11 x 100 oz )which equals 52,000 oz standing in this  nonactive delivery month of March . THERE IS 10.556 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR.

WE LOST 21 CONTRACTS OR AN ADDITIONAL 2100 OZ WILL NOT STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF MARCH.

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IN THE LAST 18 MONTHS 72 NET TONNES HAS LEFT THE COMEX.

end

And now for silver

AND NOW THE DECEMBER DELIVERY MONTH

MARCH INITIAL standings/SILVER

we had 0 inventory movement at the dealer side of things

total dealer deposits:  nil oz

we had 0 deposits into the customer account

i) nil

ii) Into JPMorgan:  nil oz

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

JPMorgan now has 137 million oz of  total silver inventory or 53.6% of all official comex silver.

JPMorgan  deposited zero into its warehouses (official) today.

total deposits today:  nil  oz

we had 1 withdrawals from the customer account;

i) Out of Scotia:  60,151.880 oz

total withdrawals; 60,151.880  oz

we had 2 adjustments

i)out of CNT: 550,930.824 oz was adjusted out of the dealer account and into the customer account of CNT

ii) Out of Scotia: 81,735.700 oz was adjusted out of the dealer account and this landed into the customer account of CNT

total dealer silver:  59.203 million

total dealer + customer silver:  256.857 million oz

The total number of notices filed today for the March. contract month is represented by 28 contract(s) FOR 140,000 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 5159 x 5,000 oz = 25,795,000 oz to which we add the difference between the open interest for the front month of Mar. (130) and the number of notices served upon today (28 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the March contract month: 5159(notices served so far)x 5000 oz + OI for front month of March(130) -number of notices served upon today (28)x 5000 oz equals 26,305,000 oz of silver standing for the March contract month.

We GAINED an additional 12 contracts or 60,000 additional silver oz will stand for delivery at the comex as somebody was in urgent need of physical silver.

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ESTIMATED VOLUME FOR TODAY: 64,899 CONTRACTS

CONFIRMED VOLUME FOR YESTERDAY: 78,094 CONTRACTS

YESTERDAY’S CONFIRMED VOLUME OF 78094 CONTRACTS EQUATES TO  390 MILLION OZ OR 55.7% 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 -2.46% (MARCH 19/2018)
2. Sprott gold fund (PHYS): premium to NAV RISES TO -0.58% to NAV (March 19/2018 )
Note: Sprott silver trust back into NEGATIVE territory at -2.46%-/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 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 -2.55%: NAV 13.57/TRADING 13.23//DISCOUNT 2.55.

END

And now the Gold inventory at the GLD/

March 19/WITH GOLD UP $5.25: ANOTHER HUGE DEPOSIT OF GOLD TO THE TUNE OF 2.07 TONNES/GOLD INVENTORY RESTS TONIGHT AT 840.22 TONNES

MARCH 16/WITH GOLD DOWN $5.65/OUR CROOKS DEPOSITED ANOTHER 4.42 TONNES INTO GLD INVENTORY/INVENTORY RESTS AT 838.15 TONNES

FOR THE WEEK: GOLD LOST  $11.80, BUT GOLD INVENTORY ADVANCED:4.42 TONNES

MARCH 15/WITH GOLD DOWN $7.85, NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.73 TONNES

MARCH 14/WITH GOLD DOWN $1.55/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.73 TONNES

MARCH 13/WITH GOLD UP $6.25/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.73 TONNES

MARCH 12/WITH GOLD DOWN $3.00/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.73 TONNES

MARCH 9/WITH GOLD UP $2.25/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.73 TONNES

March 8/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.73 TONNES

MARCH 7/WITH GOLD DOWN 8.00/A SLIGHT CHANGE IN GOLD INVENTORY AT THE GLD/A WITHDRAWAL OF .25 TONNES TO PAY FOR FEES//INVENTORY RESTS AT 833.73 TONNES

MARCH 6/WITH GOLD UP $15.60/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.98 TONNES

March 5/WITH GOLD DOWN $4.10/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.98 TONNES

MARCH 2/WITH GOLD UP $18.70/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.98 TONNES

March 1/WITH GOLD DOWN ANOTHER $12.30/A HUGE CHANGE IN GOLD INVENTORY/ A DEPOSIT OF 2.96 TONNES/INVENTORY RESTS AT 833.98 TONNES

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

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MARCH 19/2018/ Inventory rests tonight at 838.15 tonnes

*IN LAST 344 TRADING DAYS: 100.92 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 274 TRADING DAYS: A NET 55.38 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.

end

Now the SLV Inventory

March 19/WITH SILVER UP 5 CENTS, THE SLV ADDS A SMALL 659,000 OZ TO ITS INVENTORY/INVENTORY RESTS AT 319.671 MILLION OZ/

MARCH 16/WITH SILVER DOWN 15 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ.

FOR THE WEEK;  SILVER IS DOWN 42 CENTS YET ADDS 943,000 OZ OF SILVER INTO THE SLV/

MARCH 15/WITH SILVER DOWN 11 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ/

MARCH 14/WITH SILVER DOWN 8 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ/

MARCH 13/WITH SILVER UP 10 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ/

MARCH 12/WITH SILVER DOWN 8 CENTS/A BIG CHANGES IN SILVER INVENTORY AT THE SLV/ A DEPOSIT OF 943,000 OZ/INVENTORY RESTS AT 319.012 MILLION OZ/

MARCH 9/WITH SILVER UP 21 CENTS, NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.069 MILLION OZ/

March 8/WITH SILVER DOWN 1 CENT TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.069 MILLION OZ/

MARCH 7/WITH SILVER DOWN 27 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.069 MILLION OZ/

MARCH 6/WITH SILVER UP 38 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.069 MILLION OZ/

March 5/WITH SILVER DOWN 11 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.069 MILLION OZ/

MARCH 2/WITH SILVER UP 23 CENTS: A HUGE 1.479 MILLION OZ WAS ADDED TO SILVER’S INVENTORY/INVENTORY RESTS AT 318.069 MILLION OZ/

March 1/WITH SILVER DOWN 11 CENTS TODAY/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.590 MILLION OZ./

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/

MARCH 19/2018: A SMALL CHANGES TO SILVER INVENTORY/ A DEPOSIT OF 659,000 OZ

Inventory 319.671 million oz

end

6 Month MM GOFO 1.99/ and libor 6 month duration 2.36

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

G0FO+ 1.99%

libor 2.36 FOR 6 MONTHS/

GOLD LENDING RATE: .37%

XXXXXXXX

12 Month MM GOFO
+ 2.39%

LIBOR FOR 12 MONTH DURATION: 2.61

GOFO = LIBOR – GOLD LENDING RATE

GOLD LENDING RATE  = +.22

end