For 13 consecutive days, the amount standing for physical has risen.
On First day notice 16.8 million oz were standing; tonight 22.75 million oz.
It looks to me that sovereign China wants its silver back.
”MEMO-GATE” CRASHES MARKETS ALL OVER THE GLOBE/GOLD UP $22.00 AND SILVER IS UP 15 CENTS/FOR THE 13TH CONSECUTIVE TRADING DAY, THE AMOUNT OF SILVER STANDING AT THE COMEX INCREASES/CHANCES FOR A RATE HIKE IN JUNE TUMBLES
GOLD: $1236.75 UP $22.00
Silver: $16.92 UP 15 cent(s)
Closing access prices:
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: $1254.42 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1242.15
PREMIUM FIRST FIX: $12.27
SECOND SHANGHAI GOLD FIX: $1253.43
NY GOLD PRICE AT THE EXACT SAME TIME: 1243.90
Premium of Shanghai 2nd fix/NY:$9.53
LONDON FIRST GOLD FIX: 5:30 am est $1244.60
NY PRICING AT THE EXACT SAME TIME: $1244.60
LONDON SECOND GOLD FIX 10 AM: $1234.20
NY PRICING AT THE EXACT SAME TIME. $1234.15
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 0 NOTICE(S) FOR 0 OZ.
TOTAL NOTICES SO FAR: 491 FOR 49100 OZ (1.5272 TONNES)
For silver: MAY
28 NOTICES FILED TODAY FOR 140,000 OZ/
Total number of notices filed so far this month: 4467 for 22,335,000 oz
For 13 consecutive days, the amount standing for physical has risen. On First day notice 16.8 million oz were standing; tonight 22.75 million oz. It looks to me that sovereign China wants its silver back.
Gold had a stellar day up 22.00 dollars but silver again was paper hacked by the criminals and it had only a 15 cent gain. The reason for the gold/silver gain was “MEMO GATE” and you will find copious stories alarming investors….
Let us have a look at the data for today
In silver, the total open interest FELL BY a TINY 100 contracts DOWN to 215,127 DESPITE THE HUGE RISE IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (UP 20 CENT(S). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.075 BILLION TO BE EXACT or 154% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 28 NOTICE(S) FOR 140,000 OZ OF SILVER
In gold, the total comex gold FELL BY 3.487 contracts WITH THE RISE IN THE PRICE OF GOLD ($6.10 with YESTERDAY’S TRADING). The total gold OI stands at 435.021 contracts. WE MUST HAVE HAD CONSIDERABLE BANKER SHORT COVERING YESTERDAY.
we had 0 notice(s) filed upon for NIL oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
We had no changes in tonnes of gold at the GLD:
Inventory rests tonight: 851.89 tonnes
Today: no change in inventory/
THE SLV Inventory rests at: 342.395 million oz
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver FELL BY 100 contracts DOWN TO 215,127, (AND NOW CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787), WITH THE GOOD SIZED RISE IN PRICE FOR SILVER ON YESTERDAY (15 CENTS).
2.a) The Shanghai and London gold fix report
2 b) Gold/silver trading overnight Europe, Goldcore
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)Late TUESDAY night/WEDNESDAY morning: Shanghai closed DOWN 8.52 POINTS OR .27% OR / /Hang Sang CLOSED DOWN 42.31 POINTS OR 0.17% . The Nikkei closed DOWN 104.94 POINTS OR 0.53%/Australia’s all ordinaires CLOSED DOWN 1.04%/Chinese yuan (ONSHORE) closed UP at 6.8885/Oil DOWN to 48.78 dollars per barrel for WTI and 51.91 for Brent. Stocks in Europe OPENED DEEPLY IN THE RED ..Offshore yuan trades 6.8777 yuan to the dollar vs 6.8885 for onshore yuan. NOW THE OFFSHORE IS MUCH STRONGER TO THE ONSHORE YUAN/ ONSHORE YUAN STRONGER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE WEAKER DOLLAR. CHINA IS A MUCH HAPPIER THIS MORNING
3a)THAILAND/SOUTH KOREA/NORTH KOREA
b) REPORT ON JAPAN
c) REPORT ON CHINA
4. EUROPEAN AFFAIRS
The EU issues a stern warning to Turkey after 141 Greek airspace violations in one day
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
6 .GLOBAL ISSUES
i)very popular Michael Snyder comments that the top 25 USA banks have over 222 trillion dollars of derivative exposure.
( Michael Snyder)
ii)The following should give us a clear picture of the global economy:
all 3 major auto markets in the world contract year over year together for the first time since Jan 2009
( zero hedge)
7. OIL ISSUES
8. EMERGING MARKETS
9. PHYSICAL MARKETS
( the Herald/Zimbabwe/GATA)
v)This was unknown to most of us. Central bankers conspired in 1979 to create another market rigging “gold pool” to keep gold prices in check
(courtesy Ronan Manly/Bullionstar/GATA)
vi)Chris Powell comments on this explosive finding:
( Chris Powell/GATA)
10. USA stories
i)Trading early last night: RISK IS OFF AS ALL MARKETS AROUND THE GLOBE FALTER: USA/YEN DROPS ON MEMOGATE
( ZERO HEDGE)
i b) Banks battered
ic)Chances for a June rate hike tumbles;
( zero hedge)
No doubt that this memo was leaked by Comey in which Trump supposedly asks Comey to end the Flynn Investigation
( zero hedge)
iiib 1. the FBI for all memos correspondence etc of Comey with Obama, Trump, Sessions, Lynch Rosenstein Boente and Yates.
Let us head over to the comex:
The total gold comex open interest FELL BY 3487 CONTRACTS DOWN to an OI level of 435,021 WITH THE RISE IN THE PRICE OF GOLD ( $6.10 with YESTERDAY’S trading). We are now in the contract month of MAY and it is one of the POORER delivery months of the year. In this MAY delivery month we had A LOSS OF 1 contract(s) LOWERING TO 32. We had 8 notices filed yesterday so we GAINED 7 contracts or an additional 700 oz are standing for delivery and no contracts were cash settled through the EFP route where they receive a cash bonus plus a future gold contract.
The next big active month is June/2017 and here the OI LOST 8754 contracts DOWN to 204,229. The non active July contract GAINED another 17 contracts to stand at 768 contracts. The next big active month is August and here the OI gained 5,263 contracts up to 132,767.
To give you a good idea of the devastation of open interest contracts, last year on May 16 2016 we had at this exact time: 338,908 contracts of JUNE 2016 CONTRACTS OPEN.( compared to JUNE 2017: 204,229)
For the June 2016 contract month initially 48.189 tonnes stood for delivery. Eventually a huge 48.552 tonnes stood.
We had 0 notice(s) filed upon today for NIL oz
The non active June contract LOST 174 contracts to stand at 918. The next big active month will be July and here the OI LOST 289 contracts up to 163,265.
For those keeping score, the initial amount of silver oz that stood for delivery for the May 2016 contract month: 28.01 million oz. By conclusion of the month only 13.58 million oz stood and the rest was cash settled.(EFP ROUTE)
The line in the sand is $18.50 for silver and again it has been defended by the criminal bankers. Once this level is pierced, the monstrous billion oz of silver shorts will blow up. The bankers are defending the Alamo with their last stand at the $18.50 mark. THE NEW RECORD HIGH IN OPEN INTEREST WAS SET FRIDAY APRIL 21/2017 AT: 234,787.
We had 28 notice(s) filed for 140,000 oz for the MAY 2017 contract
VOLUMES: for the gold comex
Today the estimated volume was 361,708 contracts which is excellent
Yesterday’s confirmed volume was 228,347 contracts which is good.
volumes on gold are STILL HIGHER THAN NORMAL!
|Withdrawals from Dealers Inventory in oz||nil|
|Withdrawals from Customer Inventory in oz||
|Deposits to the Dealer Inventory in oz||nil oz|
|Deposits to the Customer Inventory, in oz||
|No of oz served (contracts) today||
|No of oz to be served (notices)||
|Total monthly oz gold served (contracts) so far this month||
|Total accumulative withdrawals of gold from the Dealers inventory this month||NIL oz|
|Total accumulative withdrawal of gold from the Customer inventory this month||214,922.2 oz|
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 jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.
March 2016: 2.311 tonnes (March is a non delivery month)
|Withdrawals from Dealers Inventory||nil|
|Withdrawals from Customer Inventory||
|Deposits to the Dealer Inventory||
|Deposits to the Customer Inventory||
|No of oz served today (contracts)||
|No of oz to be served (notices)||
( 415,000 oz)
|Total monthly oz silver served (contracts)||4467 contracts (22,335,000 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||5,917,684.3 oz|
NPV for Sprott and Central Fund of Canada
Sprott’s hostile 3.1 billion bid to take over Central Fund of Canada
Sprott makes hostile $3.1 billion bid for Central Fund of Canada
Submitted by cpowell on Thu, 2017-03-09 01:19. Section: Daily Dispatches
From the Canadian Press
via Canadian Broadcasting Corp. News, Toronto
Wednesday, March 8, 2017
Toronto-based Sprott Inc. said Wednesday it’s making an all-share hostile takeover bid worth $3.1 billion US for rival bullion holder Central Fund of Canada Ltd.
The money-management firm has filed an application with the Court of Queen’s Bench of Alberta seeking to allow shareholders of Calgary-based Central Fund to swap their shares for ones in a newly-formed trust that would be substantially similar to Sprott’s existing precious metal holding entities.
The company is going through the courts after its efforts to strike a friendly deal were rebuffed by the Spicer family that controls Central Fund, said Sprott spokesman Glen Williams.
“They weren’t interested in having those discussions,” Williams said.
Sprott is using the courts to try to give holders of the 252 million non-voting class A shares a say in takeover bids, which Central Fund explicitly states they have no right to participate in. That voting right is reserved for the 40,000 common shares outstanding, which the family of J.C. Stefan Spicer, chairman and CEO of Central Fund, control.
If successful through the courts, Sprott would then need the support of two-thirds of shareholder votes to close the takeover deal, but there’s no guarantee they will make it that far.
“It is unusual to go this route,” said Williams. “There’s no specific precedent where this has worked.”
Sprott did have success last year in taking over Central GoldTrust, a similar fund that was controlled by the Spicer family, after securing support from more than 96 percent of shareholder votes cast.
The firm says Central Fund’s shares are trading at a discount to net asset value and a takeover by Sprott could unlock US$304 million in shareholder value.
Central Fund did not have any immediate comment on the unsolicited offer. Williams said Sprott had not yet heard from Central Fund on the proposal but that some shareholders had already contacted them to voice their support.
Sprott’s existing precious metal holding companies are designed to allow investors to own gold and other metals without having to worry about taking care of the physical bullion.
And now the Gold inventory at the GLD
May 17/no change in the GLD inventory/inventory rests at 851.89 tonnes
May 16./ no change in the GLD inventory/inventory rests at 851.89 tonnes
May 15/no change in the GLD inventory/inventory rests at 851.89 tonnes
May 12/no changes in GLD/inventory rests at 851.89 tonnes
may 11/no changes in GLD inventory/inventory rests at 851.89 tonnes
May 10/no changes in GLD inventory/inventory rests at 851.89 tonnes/
May 9/a withdrawal of 1.19 tonnes from the GLD/Inventory rests tonight at 851.89 tonnes
May 8/no change in inventory at the GLD/Inventory rests at 853.08 tonnes
May 5/no changes in inventory at the GLD/Inventory rests at 853.08 tonnes
May 4/A tiny change in inventory at the GLD /a withdrawal of .28 tonnes to pay for fees/inventory rests at 853.08 tonnes
May 3/no change in inventory at the GLD/Inventory rest at 853.36 tonnes
May 2/no change in inventory at the GLD/Inventory rests at 853.36 tonnes
May 1/ no changes in inventory at the GLD/inventory rests at 853.36 tonnes
April 28/no changes in inventory at the GLD/Inventory rests at 853.36 tonnes
April 27/a small withdrawal of .89 tonnes/Inventory is now at 853.36 tonnes
APRIL 26/we had no changes at the GLD/Inventory rests at 854.25 tonnes
April 25/2017/A WITHDRAWAL OF 5.92 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 854.25 TONNES
April 24/a deposit of 1.48 tonnes of gold into the GLD/inventory rests at 860.17 tonnes
April 21/A DEPOSIT OF 4.44 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 858.69 TONNES
APRIL 20/A WITHDRAWAL OF 6.51 TONNES FROM THE GLD/INVENTORY RESTS AT 854.25 TONNES
April 19/ A DEPOSIT OF 11.84 TONNES INTO THE GLD/INVENTORY RESTS AT 860.76 TONNES
April 18/no changes at the GLD/Inventory remains at 848.92 tonnes
April 17/no changes at the GLD/Inventory remains at 848.92 tonnes
April 13/a deposit of 6.51 tonnes into the GLD/Inventory rests at 848.92 tonnes
this no doubt is a paper deposit/
APRIL 12/no changes in gold inventory at the GLD/Inventory rests at 842.41 tonnes
April 11/a huge deposit of 4.12 tonnes into inventory/Inventory rests at 842.41 tonnes
this would no doubt be a paper gold entry. It would be difficult to find that amount of physical gold.
April 10/1.77 tonnes added into inventory at the GLD/inventory rests at 838.29 tonnes
April 7/a small withdrawal of .28 tonnes from the GLD/Inventory rests at 836.49 tonnes
April 6/no change in gold tonnage at the GLD/Inventory rests at 836.77 tonnes
April 5/no change in gold tonnage at the GLD/Inventory rests at 836.77 tonnes
April 4/no change in gold tonnage at the GLD/Inventory rests at 836.77 tonnes
April 3.2017: a huge deposit of 4.45 tonnes of gold into the GLD/Inventory rests at 836.77 tonnnes
March 31/another withdrawal of 1.19 tonnes of gold inventory fro the GLD/this inventory would no doubt be heading for Shanghai/GLD inventory: 822.32 tonnes
March 30/no changes in gold inventory at the GLD/Inventory rests at 833.51 tonnes
March 29/a withdrawal of 1.78 tonnes of gold out of the GLD/Inventory rests tongith at 833.51 tonnes
Now the SLV Inventory
may 17/no change in silver inventory at the SLV/Inventory rests at 342.395 million oz/
May 16./we had a huge addition of 1.416 million oz of silver into the SLV/inventory rests at 342.395 million oz
May 15/no changes in silver inventory/inventory rests at 340.979 million oz/
May 12/a huge change in silver: a deposit of 2.369 million oz/inventory rests at 340.979 million oz
May 11/no changes in silver inventory at the SLV/Inventory rests at 338.610 million oz
May 10/ a gigantic 3.833 million oz of silver added to the SLV and this occurred with the constant whacking of silver for the past 17 trading sessions/inventory rests at 338.610 million oz
may 9Again, no movement of inventory at the SLV. Inventory rests at 334.777 million oz
May 8/no change in silver inventory at the SLV/inventory rests at 334.777 million oz/
May 5/Strange!! no change in silver inventory at the SLV/Inventory rests tonight at 334.777 million oz
May 4/a very tiny withdrawal of 144,000 oz to pay for fees/inventory rests tonight at 334.777 million oz/
May 3/strange!! with the drop in price of silver we had no change in inventory at the SLV/inventory rests at 334.921 million oz
May 2/extremely strange again/a huge 3.502 million oz deposit into the SLV despite silver being in the toilet for the past several trading days.Inventory 334.921 million oz
may 1/extremely strange/with silver being walloped these past several days, the inventory rises again by a huge 1.136 million oz/(maybe someone can explain this phenomena??)
April 28/Strange again!! no change in inventory at the SLV/Inventory remains at 330.283 million oz (no liquidation with a drop in silver price??)
April 27.2017/Strange!! no change in inventory at the SLV/Inventory remains at 330.283 million oz (no liquidation???)
APRIL 26/2017/another huge deposit of 2.934 million oz into the SLV/Inventory rests at 330.283 million oz
April 25/a huge deposit of 1.98 million of into inventory/inventory rests at 327.349 million oz/
April 24/no changes in inventory at the SLV/Inventory rests at 325.361 million oz/
April 21/A WITHDRAWAL OF 719,000 OZ OF SILVER AT THE SLV/INVENTORY RESTS AT 325.361 MILLION OZ/
APRIL 20/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 326.308 MILLION OZ
April 19/a withdrawal of 1.893 million oz/inventory rests at 326.308 million oz/
April 18/no changes in inventory at the SLV/Inventory rests at 328.201 million oz
April 17/no changes in inventory at the SLV/Inventory rests at 328.201 million oz
April 13/no changes in inventory at the SLV/Inventory rests at 328.201 million oz
April 12/no changes in inventory at the SLV/Inventory rests at 328.201 million oz/
April 11/a paper deposit of 11.131 million oz into the SLV/no doubt yesterday’s entry of a withdrawal of 11.231 million oz was in error/328.201 million oz
April 10/ a paper withdrawal of 11.231 million oz of silver from the SLV and this silver was used in the raid today. Inventory rests at 317.231 million oz
April 7./ a withdrawal of 947,000 oz of silver from the SLV/Inventory rests at 328.201 million oz.
April 6/a tiny withdrawal of 136,000 oz of silver from the SLV/Inventory rests at 329.148 million oz
April 5/ a withdrawal of 1.042 million oz from the SLV/Inventory rests at 329.284 million oz
April 4/no change in inventory at the SLV/Inventory rests at 330.326 million oz/
April 3.2017; a withdrawal of 568,000 oz from the SLV/Inventory rests at 330.326