Harvey Organ: The Crooks At The COMEX Are Supplying MASSIVE Paper Silver Right Now

Yesterday’s trading volume alone accounted for 47% of global annual silver production. Here’s an update on how desperate the crooks have become…

by Harvey Organ of Harvey Organ Blog

MARCH 1/HUGE OUTSIDE DAY REVERSAL FOR BOTH GOLD AND SILVER/GOLD DOWN $12.30 TO $1303.40 AT COMEX CLOSING BUT RECOVER ALL AT ACCESS CLOSING/SILVER DOWN 11 CENTS TO $16.27 COMEX CLOSING AND REBOUNDS TO RECOVER OF THOSE LOSSES AT ACCESS CLOSING/DOW JONES FALLS ANOTHER 420 POINTS/ CHINA GIANT HNA TO LAY OFF 100,000 JOB WORKERS/TRUMP INITIATES HUGE TARIFFS ON STEEL AND ALUMINUM/CHINA , SOUTH KOREA AND EUROPE REACT WITH POSSIBLE TRADE WARS/WPP, LARGEST ADVERTISING COMPANY IN THE WORLD FALTERS 15% ON LOW GROWTH/POOR EARNINGS/POWELL FLIP FLOPS AND DUDLEY STATES THAT THE RATE HIKES WILL BE GRADUAL AND THAT SINKS THE DOW/MORE SWAMP STORIES/

GOLD: $1304.40 down $12.30

Silver: $16.27 down11 cents

Closing access prices:

Gold $1317.00

silver: $16.48

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: $1323.53 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1315.140

PREMIUM FIRST FIX: $8.13

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SECOND SHANGHAI GOLD FIX: $1318.13

NY GOLD PRICE AT THE EXACT SAME TIME: $1314.40

PREMIUM SECOND FIX /NY:$3.73

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LONDON FIRST GOLD FIX: 5:30 am est $1311.25

NY PRICING AT THE EXACT SAME TIME: $1311.20

LONDON SECOND GOLD FIX 10 AM: $1307.95

NY PRICING AT THE EXACT SAME TIME. $1307.70

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

351 NOTICE(S) FILED TODAY FOR

1,755,000 OZ/

Total number of notices filed so far this month: 3858 for 19,290,000 oz

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Bitcoin: BID $10,634/OFFER $10,713: UP $365(morning)

Bitcoin: BID/ $10,965/offer $11,040: UP $695  (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 A CONSIDERABLE SIZED 1333 contracts from 193,343  FALLING TO 192,010 DESPITE  YESTERDAY’S TINY 5 CENT FALL IN SILVER PRICING.  WE HAD SOME 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:  0 EFP’S FOR MARCH AND AND 1849 EFP’S FOR MAY AND ZERO FOR ALL  OTHER MONTHS  AND THUS TOTAL ISSUANCE OF 1849 CONTRACTS.  WITH THE TRANSFER OF 1849 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 1849 CONTRACTS TRANSLATES INTO 9.245 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 MARCH:

1849 CONTRACTS (FOR 1 TRADING DAYS TOTAL 1849 CONTRACTS OR 9.245 MILLION OZ: AVERAGE PER DAY: 1849 CONTRACTS OR 9.245 MILLION OZ/DAY

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH:  9.245 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 1.31% OF ANNUAL GLOBAL PRODUCTION

ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP’S:  502.72 MILLION OZ.

ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ

ACCUMULATION FOR MONTH OF FEBRUARY: 244.945 MILLION OZ

RESULT: WE HAD SOME LOSS  IN COMEX OI SILVER COMEX WITH THE 5 CENT LOSS IN SILVER PRICE.  WE ALSO HAD A GOOD SIZED EFP ISSUANCE OF 1849 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 1849 EFP’S  FOR  MONTHS MARCH AND MAY WERE ISSUED FOR  A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS.   WE GAINED  516 OI CONTRACTS i.e. 1849 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 1333  OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE FALL IN PRICE OF SILVER OF 5 CENTS AND A CLOSING PRICE OF $16.38 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. 0.960 BILLION TO BE EXACT or 137% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED: 351 NOTICE(S) FOR 1,755,000 OZ OF SILVER

In gold, the open interest  FELL BY A CONSIDERABLE 5048 CONTRACTS FALLING TO 527,812 DESPITE THE TINY FALL IN PRICE OF GOLD WITH RESPECT TO YESTERDAY’S TRADING ($0.70).HOWEVER, IN ANOTHER DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP’S ISSUED FOR THURSDAY AND IT TOTALED AN HUGE SIZED  9,903 CONTRACTS OF WHICH  APRIL SAW THE ISSUANCE OF 9903 CONTRACTS AND  JUNE SAW THE ISSUANCE OF 0 CONTRACTS AND THEN ALL OTHER MONTHS ZERO.    The new OI for the gold complex rests at 527,812. 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 4855  CONTRACTS: 5048 OI CONTRACTS DECREASED AT THE COMEX AND A STRONG SIZED  9903 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.(4855 oi gain in CONTRACTS EQUATES TO 15.10TONNES)

YESTERDAY, WE HAD 13581 EFP’S ISSUED.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MARCH : 9903 CONTRACTS OR 990,300  OZ OR 30.802 TONNES (1 TRADING DAY AND THUS AVERAGING: 9903EFP CONTRACTS PER TRADING DAY OR 990,300 OZ/ TRADING DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS :   SO FAR THIS MONTH IN 1 TRADING DAY: IN  TONNES: 30.82 TONNES

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

THUS EFP TRANSFERS REPRESENTS 30.82/2200 x 100% TONNES =  1.40% OF GLOBAL ANNUAL PRODUCTION SO FAR IN MARCH 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 DECREASE IN OI AT THE COMEX DESPITE THE TINY FALL IN PRICE IN GOLD TRADING YESTERDAY ($0.70).  HOWEVER, WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 9903 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 9903 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 4855 contracts ON THE TWO EXCHANGES:

9903 CONTRACTS MOVE TO LONDON AND  5048 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 15.10 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 $12.30 : a HUGE  CHANGE IN GOLD INVENTORY AT THE GLD OF GOLD INTO THE GLD/ A DEPOSIT OF 2.96 TONNES

Inventory rests tonight: 833.98 tonnes.

SLV/

WITH SILVER DOWN 11 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 FELL BY  5048 CONTRACTS DOWN to an OI level 527,812 DESPITE THE TINY FALL IN THE PRICE OF GOLD ($0.70 LOSS/ YESTERDAY’S TRADING).  WE HAD CONSIDERABLE 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 9903 EFP’S ISSUED FOR APRIL  AND 0 EFP’s  FOR JUNE AND ZERO FOR ALL OTHER MONTHS:  TOTAL  9903 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: 4855 OI CONTRACTS IN THAT 9903 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST 5048 COMEX CONTRACTS.

NET GAIN ON THE TWO EXCHANGES: 5048 contracts OR 504,800  OZ OR 15.71 TONNES.

Result: A  GOOD SIZED DECREASE IN COMEX OPEN INTEREST DESPITE THE TINY FALL IN YESTERDAY’S GOLD TRADING ($0.70.)   TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 6691 OI CONTRACTS..

We have now entered the non active contract month of MARCH where we LOST 27 contracts DOWN to 665 contracts. We had 0 notices served upon yesterday, so in essence we lost 27 contacts or an additional 2700 oz will not stand for delivery at the comex and they morphed into London based forwards.

April saw a LOSS of 9482 contracts DOWN to 343,146. May saw its initial gain of 10 contracts to stand at 10. The really big June contract month saw a gain of 3764 contracts up to 102,869 contracts.

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

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

PRELIMINARY COMEX VOLUME FOR TODAY: 383,498 contracts

CONFIRMED COMEX VOL. FOR YESTERDAY:  294,958 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 CONSIDERABLE 1333  CONTRACTS FROM 193,343 DOWN TO 192,010 DESPITE YESTERDAY’S TINY 5 CENT FALL IN TRADING).   HOWEVER,WE WERE ALSO INFORMED THAT WE HAD  0 EMERGENCY EFP’S FOR MARCH ISSUED BY OUR BANKERS (WITH1849 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: 1849.   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 CONSIDERABLE LONG COMEX SILVER LIQUIDATION BUT WE ALSO HAD A SMALL SIZED GAIN IN TOTAL SILVER OI FROM OUR TWO EXCHANGES. 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  516  SILVER OPEN INTEREST CONTRACTS

1333 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 1849 OI CONTRACTSNAVIGATING OVER TO LONDON.

NET GAIN ON THE TWO EXCHANGES: 516 CONTRACTS

We are now in the  active delivery month of MARCH and here the front month LOST 3417 contracts FALLING TO 1517 contracts. We had 3507 contracts filed upon yesterday, so we GAINED 90 contracts or an additional 450,000 will stand in this active delivery month of March.

April lost 10 contracts down to 414 .

The next big active delivery month for silver will be May and here the OI lost by 460 contracts down to 149,945

We had 351 notice(s) filed for 1755,000 OZ for the MARCH 2018 contract for silver

INITIAL standings for MARCH

MARCH 1/2018.

we had 0 kilobar transaction/
We had 1 inventory movement at the dealer accounts
i) Into Brinks:  788.235 oz
total inventory deposit into the dealer accounts:  788.235  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 3 adjustment(s)
i) out of Delaware:
14,698.439 oz was adjusted out of the dealer and this landed into the customer account of Delaware
ii) out of I D:
5,304.75oz leaves the dealer and arrives at the customer account of International Delaware
iii) out of Malca:
96.453 oz leaves the dealer and this arrives at customer account of Malca
a total of 20,099.642 oz leaves the above dealers and arrives at the customer accounts
total registered or dealer gold:  339,378.269 oz or 10.556 tonnes
total registered and eligible (customer) gold;   9,133,645.713 oz 284.156 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 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. (665 contracts) minus the number of notices served upon today (0 x 100 oz per contract) equals 66,500 oz, the number of ounces standing in this nonactive month of MARCH (2.0684 tonnes)

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

No of notices served (0 x 100 oz or ounces + {(665)OI for the front month minus the number of notices served upon today (0 x 100 oz )which equals 66,500 oz standing in this  nonactive delivery month of March . THERE IS 10.556 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: 211,427.160  oz

total inventory deposits into dealer: 211,427.160 oz

we had 1 deposits into the customer account

i) into Delaware:

985.560 oz was deposited into the customer account of Delaware

ii) JPMorgan:  zero

*** 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: 985.560 oz

we had 1 withdrawals from the customer account;

i) Out of Scotia: 150,299.000??? exact weight???

total withdrawals; 150,299.000  oz

we had 1 adjustments

i) out of CNT:  422,735.150  oz  was adjusted out of the customer is this landed into the dealer account of CNT

total dealer silver:  56.193 million

total dealer + customer silver:  251,382 million oz

The total number of notices filed today for the March. contract month is represented by 351 contract(s) FOR 1,755,000 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 3858 x 5,000 oz = 19,290,000 oz to which we add the difference between the open interest for the front month of Mar. (1517) and the number of notices served upon today (351 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(1517) -number of notices served upon today (351)x 5000 oz equals 25,120,000 oz of silver standing for the March contract month.

We gained an additional 90 contracts or 450,000 additional silver oz will stand for delivery at the comex.

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ESTIMATED VOLUME FOR TODAY: 90,847 CONTRACTS

CONFIRMED VOLUME FOR YESTERDAY: 65,888 CONTRACTS

YESTERDAY’S CONFIRMED VOLUME OF 65,888 CONTRACTS EQUATES TO  329 MILLION OZ OR 47.0% 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 -1.57% (MARCH 1/2018)
2. Sprott gold fund (PHYS): premium to NAV RISES TO -0.42% to NAV (MARCH 12018 )
Note: Sprott silver trust back into NEGATIVE territory at -1.57%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.42%/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 -3.66%: NAV 13.62/TRADING 13.153//DISCOUNT 3.66.

END

And now the Gold inventory at the GLD/

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

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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MARCH 1/2018/ Inventory rests tonight at 833.98 tonnes

*IN LAST 333 TRADING DAYS: 107,16 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 263 TRADING DAYS: A NET 50.14 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.

end

Now the SLV Inventory

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/

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/

MARCH 1/2018: NO CHANGES TO SILVER INVENTORY/

Inventory 316.590 million oz

end

6 Month MM GOFO 1.93/ and libor 6 month duration 2.22

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

G0FO+ 1.93%

libor 2.22 FOR 6 MONTHS/

GOLD LENDING RATE: .290%

12 Month MM GOFO
+ 2.38%

LIBOR FOR 12 MONTH DURATION: 2.500

GOFO = LIBOR – GOLD LENDING RATE

GOLD LENDING RATE  = .120

end