HUGE Number of Silver Options in the Money Scaring the Bankers! – Harvey Organ

Harvey OrganThe raid orchestrated by the crooks on Sunday night and Monday morning was aimed at silver.
The relatively high OI for the new upcoming front month of September as well as HUGE numbers of options in the money is scaring our bankers and thus the need to raid…

HUGE INCREASE IN GLD (2.38 TONNES) AND A HUGE 3.324 MILLION OZ GAIN IN SLV/RAID TODAY ON OUR PRECIOUS METALS WITH THE TARGET BEING SILVER/SABRE RATTLING BETWEEN JAPAN AND CHINA INTENSIFIES ALONG WITH RUSSIA AND THE USA/HILLARY’S TROUBLES ALSO MAGNIFIES AS THE FBI FINDS 15,000 MORE WORK RELATED EMAILS

SD-Bullion-Inc500-Free-Silver

Gold:1337.70 down $3.70

Silver 18.84  down 46 cents

In the access market 5:15 pm

Gold: 1339.30

Silver: 18.92

.

For the August gold contract month,  we had a good sized 46 notices served upon for 4600 ounces. The total number of notices filed so far for delivery:  13126 for 1,312,600 oz or  tonnes or 40.827 tonnes.  The total amount of gold standing for August is 42.777 tonnes.

In silver we had 0 notices served upon for nil oz. The total number of notices filed so far this month:  471 for 2,355,000 oz.

 

Today the raid orchestrated by the crooks was aimed at silver.  The relatively high OI for the new upcoming front month of September as well as HUGE numbers of options in the money is scaring our bankers and thus the need to raid.

 

 
 
 

Let us have a look at the data for today

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In silver, the total open interest FELL BY 962 contracts DOWN to 205,116 AND MOVING AWAY FROM ITS AN ALL TIME RECORD. ALSO THE HIT ON SILVER WAS TINY COMPARED TO THE HUGE WHACK IN THE  PRICE WHICH FELL  BY 42 CENTS WITH YESTERDAY’S TRADING.In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.025 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia &ex China).

In silver we had 0 notices served upon for nil oz

In gold, the total comex gold FELL 5,319 contracts as the price of gold FELL BY $10.80 yesterday . The total gold OI stands at 574,502 contracts.

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

GLD

we had a huge change today at the GLD/ a deposit of 2.38 tonnes

Total gold inventory rest tonight at: 958.37 tonnes of gold

SLV

we had another huge change  into the SLV, a deposit of 3.324 million oz/   THE SLV/Inventory rests at: 358.793 million oz.

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

1. Today, we had the open interest in silver FELL by 962 contracts DOWN to 205,116 despite the fact that the price of silver FELL BY 42 cents with YESTERDAY’S trading.The gold open interest FELL 5,319 contracts DOWN to 574,502 as the price of gold FELL by $10.80 WITH YESTERDAY’S TRADING.

(report Harvey).

 

2 a) Gold/silver trading overnight Europe, Goldcore

(Mark OByrne/zerohedge

 

3. ASIAN AFFAIRS

 i)Late  SUNDAY night/MONDAY morning: Shanghai closed DOWN 23.30 POINTS OR 0.13%/ /Hang Sang closed DOWN 85.94 points or 0.37%. The Nikkei closed UP 59.81 POINTS OR 0.75% Australia’s all ordinaires  CLOSED DOWN 0.21% Chinese yuan (ONSHORE) closed UP at 6.6544/Oil FELL to 47.16 dollars per barrel for WTI and 49.31 for Brent. Stocks in Europe: in the RED . Offshore yuan trades  6.6635 yuan to the dollar vs 6.6544 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE WIDENS SLIGHTLY AS  MORE USA DOLLARS  LEAVE CHINA’S SHORES  

REPORT ON JAPAN  SOUTH KOREA AND CHINA

a) REPORT ON JAPAN

More sabre rattling as Japan doubles its F 15 missile payload as escalation in the South China seas escalates:

(courtesy zero  hedge)

 

b) REPORT ON CHINA

i)Hong Kong based Cathay Pacific earnings are totally crushed as corporate travel within China collapses as tourism into China falters terribly

( zero hedge).

ii)The following is a big story.  On Oct 1, China will finally see its yuan included in SDR’s. Now we see the IMF has allowed a new Chinese bond offering denominated in SDR’s with interest paid in yuan.  As China gets to issue more of these bonds there will be less use of dollars circulating the globe. The unwanted dollars would then return to the USA and inflation and quite possibly hyperinflation will be the inevitable

(courtesy Chris Vermeulen/the Gold and Oil Guy)
 

4 EUROPEAN AFFAIRS

i)The vote for a BREXIT certainly did not cause Armageddon for Britain. However it is giving the country many opportunities to right itself in the face of no growth in Europe.  It is proposing to cut corporate taxes something that Sweden is against but cannot do anything about it.

It sure looks like Britain will be the clear winner with its Brexit with the clock set to start by April 2017:

( Mish Shedlock/)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

none today

6.GLOBAL ISSUES

i)As we outlined to you on Friday, the Vancouver housing market is imploding as the new tax seems to have a devastating effect on the market.

( zero hedge)

ii)Jim Grant on the global economy:  the lack of growth and negative interest rates:

In his words:  “this will turn out to very bad for many people”

(Jim Grant/Christoph Gisiger/Finanz und Wirtschaft)

 

7.OIL ISSUES

none today

8.EMERGING MARKETS

none today

9.PHYSICAL STORIES

i)A very important commentary from Stephen Leeb.  He describes how gold will eventually land as the 6th component in the new SDR’s and with that, the only way the world can save itself

( Stephen Leeb/Kingworldnews)

ii)Join Chris Powell, Bill Murphy and all the gang for a gold conference in New Orleans:

(COURTESY CHRIS POWELL/GATA)

10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER

i)Markets reaction to Fisher’s hawkish comments at Jackson Hole that a rate hike in 2016 may be in the offering:

( zerohedge)

ii)Looks like our good friend Hillary is in trouble with this:

New emails reveal Hillary Clinton provided special access to foundation donors.

The Clinton Foundation is nothing but a racket and Hilary lied about providing everything work related:

( zero hedge)

iii)And late this afternoon Hillary’s troubles continues as the FBI finds 15,000 more business related emails:

( zero hedge)

 

Let us head over to the comex:

The total gold comex open interest FELL to an OI level of 574,502 for a LOSS of 5,319 contracts as the price of gold fell by $10.80 withFriday’s trading. We are now in the active month of August.  As I stated this month:”Somebody big is continually standing for the gold metal and continues to do so in August in the same manner as we have witnessed in May, June and July whereby the front delivery month increases in I standing for metal or a slight contraction.  We will no doubt see increases in amount standing in August and probably we will surpass the amount standing on first day notice. 

The big active contract month of August saw it’s OI fall by 165 contracts down to 673.  We had 157 notices filed upon Friday so we lost 8 gold contracts or an additional 800 oz will not stand for delivery in August and these guys no doubt were cash settled for a fiat bonus. The next contract month of Sept saw it’s OI fall by 42 contracts down to 4408.  The September contract still remains extremely elevated and we may have another of those high deliveries rare for a non active month. The next active delivery month is October and here the OI FELL by 277 contracts DOWN to 47,675.  The estimated volume today (which is just comex ales during regular business hours of 8:20 until 1:30 pm est) was POOR at 147,918.  The confirmed volume yesterday (which includes the volume during regular business hours + access market sales the previous day was FAIR at 192,312 contracts. The comex is not in backwardation.

Today we had  46 notices filed for  4,600 oz of gold.

 
 
 
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And now for the wild silver comex results.  Total silver OI fell by only 962 contracts from 206,725 down to 205,116 despite the HARD fall in the price of silver to the tune of 42 cents on Friday.  We are moving away from the all time record high for silver open interest set on Wednesday August 3:  (224,540). The non active month of August saw it’s OI fall by 78 contracts down to 16.  We had 78 notices served on Friday, so we neither gained nor lost any silver contracts (ounces) will stand for silver in this non active delivery month of August.  The next active month is September and here the OI fell by only 10,659 contracts down to 82,277.We have 7 days left before first day notice.  The volume on the comex today (just comex) came in at 121,295 which is ABSOLUTELY HUGE but many rollovers.  The confirmed volume yesterday (comex and globex) was also huge  at 107,389( with many rollovers). Silver is not in backwardation.  London is in backwardation for several months.
 
we had 0 notices filed for nil oz
 
 
 
 
INITIAL standings for AUGUST
 
 August 22.
Gold
Ounces
Withdrawals from Dealers Inventory in oz   nil OZ
Withdrawals from Customer Inventory in oz  nil
 
 
76,106.900 oz
SCOTIA
BRINKS INCL
50 KILOBARS
 
 
Deposits to the Dealer Inventory in oz 1400.000 ozBrinks

???

Deposits to the Customer Inventory, in oz 
 
 
 64,302.000 oz
Brinks
 
???
suppose to be 2,000 kilobars
got wrong weight
 
 
 
 
 
No of oz served (contracts) today
46 notices 
4600 oz
No of oz to be served (notices)
627 contracts
(62,700 oz)
 
Total monthly oz gold served (contracts) so far this month
13,126 contracts (1,312,600 oz)
(40.827 tonnes)
Total accumulative withdrawals  of gold from the Dealers inventory this month   NIL
Total accumulative withdrawal of gold from the Customer inventory this month    538,.816.3 OZ
Today:  HUGE activity at the gold comex AND 3 KILOBAR ENTRIES// PLUS OUR USUAL AND CUSTOMARY FRAUDULENT ENTRY IN BRINKS
 
 
Today we had 1 dealer DEPOSIT
i) into Brinks:  another of those crazy and no doubt fraudulent deposits: 1400.000 oz
this is not divisible by 32.15 oz, therefore this is not a kilobar entry.
 
 
total dealer deposit: 1,400.0000    0z
 
 
Today we had  0 dealer withdrawals:
total dealer withdrawals:  nil oz
 
 
 
We had 1 customer deposit:
 i) Into HSBC:  64,302.000 oz***  (2000.06 kilobars)
** strange entry:  the correct weight for 2,000 kilobars:  64,150.000 oz
 
 
 
 
Total customer deposits: 64,302.000 OZ
 
 
 
Today we had 2 CUSTOMER withdrawals
 
 i) Out of SCOTIA:  1,607.500 OZ  (50 kilobars)
ii) OUT OF brinks  74,499.100 OZ  real oz leaving
 
Total customer withdrawals  76,106.900 OZ
 
 
 
 
 
Today we had 2 adjustment:
 
 i) Out of BRINKS:  1929.000 oz (60 KILOBARS) was adjusted out of the customer and this landed into the dealer account of BRINKS:
ii)Out of Delaware:  1319.149 oz was transferred out of the customer account and this landed into the dealer account of Delaware
 
 
 
Note: If anybody is holding any gold at the comex, you must be out of your mind!!!
since comex gold storage is unallocated , rest assured any gold stored will be compromised!
 
 
 
Today, 0 notices was 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 46 contracts of which 0 notice was stopped (received) by JPMorgan dealer and 34 notices was stopped (received)  by JPMorgan customer account. 
 
To calculate the initial total number of gold ounces standing for the AUGUST  contract month, we take the total number of notices filed so far for the month (13,126) x 100 oz  or 1,312,600 oz , to which we  add the difference between the open interest for the front month of AUGUST  (673 CONTRACTS) minus the number of notices served upon today (46) x 100 oz   x 100 oz per contract equals 1,375,300 oz, the number of ounces standing in this active month. 
 
Thus the INITIAL standings for gold for the AUGUST contract month:
No of notices served so far (13,126) x 100 oz  or ounces + {OI for the front month (673) minus the number of  notices served upon today (46) x 100 oz which equals 1,375,300 oz standing in this non  active delivery month of AUGUST  (42.777 tonnes).
 
We lost 8 contracts or an additional 800 oz will not stand for delivery in this  active delivery month of August.
 
 
 
 
 
 
 
 
 
 
Since the comex allows GLD shares to be used for settling, it may take quite a while for the physical gold to enter the comex vaults.  So far I have seen little evidence of any settling of contracts but I will continue to monitor it for you. 
 
 
We now have partial evidence of gold settling for last months deliveries We now have  +  6.889 TONNES FOR MAY + 49.09 TONNES FOR JUNE +  21.452 TONNES FOR JULY + 12.3917 + 42.777 tonnes Aug +  tonnes (April) +2.2311 tonnes (March) + 7.99 (total Feb)- .940 (probable delivery on March 1) tonnes -.0434 tonnes (March 11,12,17,18) + March 31: 1.2470 and then  April 1,2: – .0006 tonnes  and last week April 16.3203 and April 22 .(0009 tonnes) + april 29  .205 tonnes + May 5:  3.799 and May 6: 1.607 tonnes –MAY 12  .0003- May 18: 1.5635 tonnes-May 19/   2.535 tonnes-May 27 .0185 – .024 TONNES MAY 31 -jUNE 4: .5044 ; june 10 -.0008 / June 22:0.48 tonnes /June 23: 0489 tonnes, June 24..018; june 29 .036 tonnes; JUNE 30 2.49 /july 1 1778 tonnes, JULY 28 .089 TONNES / JULY 29 .128 TONNES/ aUG 10// 0.219 TONNES/August 11: .3619 TONNES/ AUG 12/.05878/ aug 17. 6418 tonnes/THEREFORE 91.839 tonnes still standing against 72.900 tonnes available.
 
 Total dealer inventor 2,343,748.656 oz or 72.900 tonnes
Total gold inventory (dealer and customer) =11,016,512.858 or 342.659 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 342.659 tonnes for a  gain of 40  tonnes over that period. 
 
 
 

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 or hypothecated gold sent to other jurisdictions so that they will not be short in their derivatives like in England.  This would be similar to the gold used by Jon Corzine. If this is the case, this would be the greatest fraud perpetrated on USA soil.

 

 
 
 
 end
 
 
 
 
And now for silver
 
AUGUST INITIAL standings
 august 22.2016
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
 
1,125,195.400 OZ
BRINKS,CNT
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 NIL OZ
 
 
 
 
Deposits to the Customer Inventory
 
 
 
 
 
299,047.63 OZ
CNT
 
 
 
 
No of oz served today (contracts)
0 CONTRACTS
(nil OZ)
No of oz to be served (notices)
16 contracts
80,000 oz)
Total monthly oz silver served (contracts) 471 contracts (2,355,000 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  10,150,179.0 oz
today we had 0 deposit into the dealer account:
 
 
 
 Total dealer deposits;  NIL oz
 
 
 
we had 0 dealer withdrawal:
:
total dealer withdrawals:  NIL oz
 
 
we had 2 customer withdrawal:
i) Out of CNT:  1,074,893.410 OZ
ii) Out of Brinks:  50,301.990 oz
 
 
 
 
 
 
 
Total customer withdrawals: 1,125,195.400 oz
 
We had 1 customer deposit:
i) Into CNT;  299,047.630 oz
 
 
 
 
total customer deposits:  299,047.630  oz
 
 
 
 
 
 
 
 
 
 we had 0 adjustments
 
 
 
 
 
 
 
 
The total number of notices filed today for the AUGUST contract month is represented by 0 contracts for nil oz. To calculate the number of silver ounces that will stand for delivery in AUGUST., we take the total number of notices filed for the month so far at (471) x 5,000 oz  = 2,355,000 oz to which we add the difference between the open interest for the front month of AUGUST (16) 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 AUGUST contract month:  471(notices served so far)x 5000 oz +(16 OI for front month of AUGUST ) -number of notices served upon today (0)x 5000 oz  equals  2,435,000 oz  of silver standing for the AUGUST contract month.
 
we neither gained nor lost any silver ounces that  will stand for silver metal in this non active delivery month of August.
 
 
 
 
 
 
 
Total dealer silver:  27.453 million (close to record low inventory  
 
Total number of dealer and customer silver:   156.634 million oz (close to a record low)
 
The total open interest on silver is NOW close to its all time high with the record of 224,540 being set AUGUST 3.2016.  The registered silver (dealer silver) is NOW NEAR  multi year lows as silver is being drawn out at both dealer and customer levels and heading to China and other destinations. The shear movement of silver into and out of the vaults signify that something is going on in silver.
 
 
 
 
 
END

 

 

 
 
 
 
 
 
And now the Gold inventory at the GLD
August 22/ a deposit of 2.38 tonnes of gold into the GLD/Inventory rests at 958.37 tonnes
August 19/no changes at the GLD/inventory resets at 955.99 tonnes
August 18/a withdrawla of 6.24 tonnes of gold from the gLD/Inventory rests at 955.99 tonness
August 17/no change in gold inventory at the GLD/inventory rests at 962.23 tonnes
August 16/ a deposit of 1.78 tonnes of “paper gold” into the GLD/Inventory rests at 962.23 tonnes
August 15/what a farce!! a huge “paper gold’ withdrawal of 12.17 tonnes/inventory rests at 960.45 tonnes
August 12/no change in gold inventory at the GLD/Inventory rests at 972.62 tonnes
August 11/no changes in gold inventory at the GLD/Inventory rests at 972.62 tonnes
August 10/no changes in GLD/Inventory rests at 972.62 tonnes
August 9/we had a withdrawal of 1.18 tonnes of gold from the GLD inventory/inventory rests at 972.62 tonnes
August 8/a huge changes in the GLD/Inventory, a withdrawal of 6.54 tonnes of paper gold/ rests at 973.80 tonnes of gold/
August 5/ a huge deposit of 10.69 tonnes of gold (with gold down $22.40??)/GLD inventory rests at 980.34 tonnes
August 4/no change in inventory at the GLD/Inventory rests at 969.65 tonnes
August 3/a big deposit of 5.62 tonnes of paper gold/Inventory rests at 969.65 tonnes
August 2/no change in gold inventory at the GLD/Inventory rests at 964.03 tonnes
August 1/we had a huge paper deposit of 5.94 tonnes of gold into the GLD/Inventory rests at 964.03 tonnes
 
 
 
 
 
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August 22/ Inventory rests tonight at 958.37 tonnes
 

end

 
 
Now the SLV Inventory
August 22/a huge addition of 3.324 million oz into the SLV/Inventory rests at 358.793 million oz
August 19/no change in silver SLV/Inventory rests at 355.469 million oz/
August 18/ a massive paper deposit of 2.185 million oz into the SLV/Inventory rests at 355.469 million oz
August 17/ we had a huge deposit of 1.519 million oz into the SLV/Inventory rests at 353.284 million oz/
August 16/no change in inventory/rests tonight at 351.765 million oz
August 15./amazing, we have a huge withdrawal in gold and yet nothing moves out of silver: no change in silver inventory at the SLV/Inventory rests at 351.765 million oz.
August 12/no change in silver inventory at the SLV/Inventory rests at 351.765 million oz
August 11/no change in silver inventory at the SLV/Inventory rests at 351.765 oz
August 10/no changes in silver inventory at the SLV/Inventory rests at 351.765 oz
August 9/a deposit of 950,000 oz into the SLV/Inventory rests at 351.765 oz
August 8/no change in silver inventory at the SLV/Inventory rests at 350.815 million oz.
August 4/no change in silver inventory at the SLV/inventory rests at 350.815 million oz
August 3/no change in silver inventory/inventory rests at 350.815 million oz
August 2/ we had a tiny withdrawal of 40,000 oz of silver/Inventory rests at 350.815 million oz
August 1/we had a huge paper deposit of 1.235 million oz into the SLV/Inventory rests at 350.955 million oz
 
 
 
.
August 22.2016: Inventory 358.793 million oz
 
 
 
 

NPV for Sprott and Central Fund of Canada

 
1. Central Fund of Canada: traded at Negative 3.6 percent to NAV usa funds and Negative 3.5% to NAV for Cdn funds!!!!  (the discount is starting to disappear)
Percentage of fund in gold 60.2%
Percentage of fund in silver:38.6%
cash .+1.2%( August 22/2016).
 
2. Sprott silver fund (PSLV): Premium rises to +1.29%!!!! NAV (august 22/2016) 
3. Sprott gold fund (PHYS): premium to NAV  rises TO  1.05% to NAV  ( august 22/2016)
Note: Sprott silver trust back  into POSITIVE territory at +1.29% /Sprott physical gold trust is back into positive territory at 1.05%/Central fund of Canada’s is still in jail.