THE ASSAULT ON $18.50 SILVER BEGINS!! – Harvey Organ

THE ASSAULT ON $18.50 SILVER BEGINS!!/AND THEN $1291 GOLD WHICH WILL LEAD TO A BREAKOUT OVER $1300!

DOW PLUMMETS BY 138 POINTS/NASDAQ FALTERS BY 31. PTS/SILVER OPEN INTEREST CLIMBS TO WITHIN 600 CONTRACTS OF A RECORD DESPITE BEING $1.90 OFF WHEN THAT RECORD WAS SET/USA FIRES A HUGE NON NUCLEAR MOAB BOMB WHICH WAS PROBABLY MEANT TO DETER NORTH KOREA/USA GOVERNMENT RECEIPTS FALTER BADLY IN FIRST HALF OF THIS FISCAL YEAR

2015 MS70 American Silver Eagle Struck at Philadelphia
The Rarest Silver Eagle Bullion Coin Ever!
2015-P PCGS MS70 Silver Eagle Philadelphia Mint

Gold: $1285.90  UP $10.60

Silver: $18.49  UP 21  cents

Closing access prices:

Gold $1287.80

silver: $18.53!!!

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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: $1296.17 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  1287.25

PREMIUM FIRST FIX:  $8.92

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SECOND SHANGHAI GOLD FIX: $1294.82

NY GOLD PRICE AT THE EXACT SAME TIME: 1284.20

Premium of Shanghai 2nd fix/NY:$10.62

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LONDON FIRST GOLD FIX:  5:30 am est  1286.10

NY PRICING AT THE EXACT SAME TIME: 1286.90

LONDON SECOND GOLD FIX  10 AM: 1284.15

NY PRICING AT THE EXACT SAME TIME. 1283.90

 

For comex gold:

APRIL/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH:  2 NOTICE(S) FOR 200 OZ. 

 TOTAL NOTICES SO FAR: 625 FOR 62,500 OZ    (1.9440 TONNES)

 
 
 

For silver:

For silver: APRIL

0 NOTICES FILED TODAY FOR NIL OZ/

Total number of notices filed so far this month: 744 for 3,720,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

END

The open interest in silver continues to advance with today’s reading just under 224,000 contracts or about 700 contracts below the record set last year. The price of silver is a good $2.00 below the price when the record OI was set.

 

I wrote the following yesterday:

“Late in the day, three important developments:

  1. Trump wanted a lower dollar with lower interest rates
  2.  North Korea’s Kim stated that there is going to be a big event
  3.  Talks with the Russia’s Lavrov and Putin did not go off too well

gold shot straight up to $1286.00 with silver  trading above $18.50 resistance level. The bankers sure have their work cut out for them.  If they cannot contain gold and silver prices their derivatives will blow up!

Since gold and silver made their big move after the comex closed, I do not think that the OI’s for both gold and silver will advance to a higher degree.  However I may be wrong. I will know let tonight…”

 

boy was I wrong.. the open interest in silver climbed by 3591 contracts up to 223,763 setting the stage for another banker resistance at that $18.50 level.

Gold and silver held their own today despite the higher USA dollar.  As everyone knows, the modus operandi of the crooks is that they never allow for a follow through rally.  So I am happy how our precious metals traded today. Late tonight I will receive the preliminary OI for both gold and silver and with James McShirley’s excellent reading of the tea leaves, he expects that the OI in gold to advance by 12,000 to 16,000 contracts. I would think that silver’s OI will rise 4,000 contracts to about 227,000 contracts.

I will report on the new OI on Monday.

 
 

Let us have a look at the data for today

.

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In silver, the total open interest ROSE BY A HUGE 3591  contracts UP to 223,763 DESPITE THE SMALL RISE IN PRICE ( 5 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUE TO REMAIN STEADFAST WITH THEIR POSITIONS ON DOWNDRAFT DAYS WHILE SLOWLY ADDING TO THEIR LONGS ON GOOD DAYS. THE BANKERS ARE DESPERATELY TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. IT IS BECOMING ALMOST IMPOSSIBLE FOR THE BANKERS TO SUPPLY THE NECESSARY PAPER. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.119 BILLION TO BE EXACT or 160% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH/ THEY FILED: 0 NOTICE(S) FOR NIL OZ OF SILVER

In gold, the total comex gold ROSE BY GIGANTIC 8,273  contracts WITH THE RISE IN THE PRICE OF GOLD ($4.00 with YESTERDAY’S TRADING). The total gold OI stands at 464,404 contracts.

we had 2 notice(s) filed upon for 200 oz of gold.

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

GLD:

We had  a huge  changes in tonnes of gold at the GLD: a deposit of 6.51 tonnes into the GLD

Inventory rests tonight: 848.92 tonnes

.

SLV

We had no changes in silver inventory at the SLV today/

THE SLV Inventory rests at: 328.201 million oz

end

.

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

1. Today, we had the open interest in silver ROSE BY A HUGE 3,591 contracts UP TO  223,763 DESPITE THE SMALL  RISE IN  SILVER  YESTERDAY ( 5 CENTS). We no doubt had some attempted short covering which badly failed as the longs keep piling on making it difficult for them to cover and overpowered the bankers. Our managed money sector (the hedge funds) continue to remain steadfast in their conviction as they added to their positions with yesterday’s attempted raid. This time around, silver found company in gold as it’s OI skyrocketed northbound by 8,273 contracts  WITH THE RISE IN THE PRICE OF GOLD ($4.00 YESTERDAY’S TRADING).

(report Harvey

.

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

3. ASIAN AFFAIRS

i)Late  WEDNESDAY night/THURSDAY morning: Shanghai closed UP 2.13 POINTS OR 0.07%/ /Hang Sang CLOSED DOWN 51.84 POINTS OR .21%  . The Nikkei closed DOWN 125.77 OR 0.68% /Australia’s all ordinaires  CLOSED DOWN 0.72%/Chinese yuan (ONSHORE) closed UP at 6.8883/Oil UP to 53.30 dollars per barrel for WTI and 55.90 for Brent. Stocks in Europe ALL DEEPLY IN THE RED   ..Offshore yuan trades  6.8856 yuan to the dollar vs 6.8883 for onshore yuan. NOW  THE OFFSHORE IS STRONGER TO THE ONSHORE YUAN/ ONSHORE YUAN SLIGHTLY STRONGER  AND THE OFFSHORE YUAN  STRONGER TO THE ONSHORE AND THIS IS  COUPLED WITH THE WEAKER  DOLLAR. 

 

3a)THAILAND/SOUTH KOREA/NORTH KOREA

i)NORTH KOREA

This is scary!! Voice of America claims that North Korea has apparently placed a nuclear device in a tunnel and it could be detonated by Saturday

( zerohedge)

ii)A good look at the military strength of both sides of the Korean Peninsula:

( zero hedge)

iii)Trump reissues his ultimatum to China to fix the North Korean problem or [email protected]!

( zerohedge)

iv)And that big North Korean important event: a street opening!!

b) REPORT ON JAPAN

JAPAN/NORTH KOREA/GLOBE

Abe claims that North Korea may be capable of sarin tipped missiles

( zerohedge)

c) REPORT ON CHINA

i)Not sure why China after 13 days decided to provide a huge liquidity injection but they did.  It was either the huge problem with iron ore or in response to the weaker dollar. The offshore yuan rebounds hugely in value as does the onshore yuan.

( zerohedge)

ii)Chinese exports surge in March but Goldman Sachs warns that it will not continue because of their tightening

( zero hedge/GoldmanSachs)

4. EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

i)Turkey

A good look at what is going on inside Turkey.  All of Erdogan’s barks are basically ignored by the west and Russia

( Bekdil/Gatestone Institute)

ii)Syria

Syria claims that the USA led coalition hit an iSIS controlled chemical weapons depot and killed hundreds. It is interesting in that this is exactly what the Russians claimed what happened on an earlier strike last week

( zero hedge)

6 .GLOBAL ISSUES

Canada

A terrific commentary by Wolf Richter describing the irrational exuberance in my home city of Toronto. He claims that the government must continue with this game or else face a total collapse

(courtesy Wolf Richter/WolfStreet)

7. OIL ISSUES

Rig counts in the USA surge to a 2 yr high and this will play havoc to our OPEC production cuts.  No question about it: the shale boys will kill the oil rally!

(courtesy zero hedge)

8. EMERGING MARKETS

Venezuela

Venezuela continues on a downward spiral.  However it did pay 2.6 billion uSA bond payment.  It has another 62 billion due in the next two years.  Please recall that Russia has lent money to PDVSA and received collateral, its 49% interest in USA CITGO, an integrated oil and gas company with 800 gas stations. If PDVSA defaults then it is inevitable that Russia will control gas stations in the USA

( zero hedge)

9.   PHYSICAL MARKETS

i)This may be telling:  the CME is to close its derivative CME Europe and CME Clearing Europe at the end of 2017

( MarketWatch/GATA)

ii)As we reported to you yesterday India’s gold imports is said to have jumped 582% on wedding demand”

( Bloomberg)

iii)I brought this story to you yesterday in that the London gold fix was 12 dollars off from spot. This story should get to our class action lawyers as there is no answer as to why this happened except that our mining companies suffered.

( Reuters/GATA)

iv)The big story of yesterday;  Trump warns that the USA dollar is getting too strong

( Reuters/GATA)

v)Technical analysts will be looking to see if gold will break out past the 1290.00 level.  Just like $18.50 on silver, this the upper resistance level and if pierced, gold will have clear sailing into the 1300’s

( Ross Norman/Sharp Pixley)

10. USA stories

i)A big story…Government revenues are faltering badly. In March, the USA treasury brought in total receipts of $216 billion well below $228 billion expected.  However March recorded a massive 392 billion outlay. Thus a deficit in March of $176 billion instead of $167.For six months the deficit is already$527 billion, and no doubt the deficit for the year will exceed 1 trillion dollars.  Also may I remind you that in the deficit totals they do not include student loans and auto loans because they deem them assets!!!

( zero hedge)

ii)Wells Fargo tumbles considerably after Warren Buffet dumps 9 million shares

( zerohedge)

iii)No wonder Buffet sold his stock in a hurry:  Wells Fargo’s mortgage application tumbled by 23 billion dollars to only 59 billion dollars in the 4th quarter. In the prior quarter, alarm bells went off when it plunged by 25 billion dollars down to 75 billion.

( zero hedge)

iv) Soft data University of Michigan Confidence index rebounds

( zero hedge)

 

 

v) Well that sure ended fast:  The Donald has now flipped on five key campaign promises in 24 hours:

1.Goodbye to the strong USA dollar

2.China is not a currency manipulator

3.NATO is needed

4. Yellen may be invited back to the Fed in 2018

5. He now supports to the IMPORT-EXPORT back to which he was opposed during the election

( zero hedge)

 

 

vi)A terrific commentary by Ryan McMaken of the Mises Institute.  He correctly states that Trump has abandoned all economic reforms and seems to embrace war spending

( Ryan McMaken/Mises Institute)

vii) This no doubt will send a strong message to North Korea; the MOAB bomb strikes Afghanistan

(courtesy zero hedge)

Let us head over to the comex:

The total gold comex open interest ROSE BY 8,273 CONTRACTS UP to an OI level of 464,404 WITH THE  RISE IN THE PRICE OF GOLD ( $4.00 with YESTERDAY’S trading). The bankers again were certainly not shy in supplying the necessary paper to our newbie longs. We are now in the contract month of APRIL and it is one of the BETTER delivery months  of the year. In this APRIL delivery month  we had A LOSS OF 123 contract(s) FALLING TO 1,799. We had 2 notices served yesterday so we LOST 121 contracts or 12,100 oz will NOT stand for delivery in the active delivery month of April AND THESE GUYS NO DOUBT WERE CASH SETTLED THROUGH THE OBSCURE EFT ROUTE DESCRIBED BY JAMES TURK LAST WEEK.

At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.

The non active May contract month LOST 153 contract(s) and thus its OI is 2380 contracts. The next big active month is June and here the OI ROSE by 7,278 contracts UP to 336,135.

We had 2 notice(s) filed upon today for 200 oz

 

 
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And now for the wild silver comex results.  Total silver OI ROSE BY 3,591 contracts FROM  220,172 UP TO 223,763 DESPITE YESTERDAY’S TINY 5 CENT PRICE RISE. Whereas in gold, the bankers supplied the necessary paper to contain gold’s excitement, they had no choice but to supply the short silver paper. As I stated yesterday:
 
“They knew that they were cornered and they are now trying to figure out how to extricate themselves from their mess!!”
 
Please remember that the price of silver did not rise appreciably until after 2:00 pm or so and this was after the comex closed.
The open interest for silver will no doubt climb to record levels when I retrieve the data for today, close to midnight.
 
 
 
 
We are moving CLOSER TO the all time record high for silver open interest set on Wednesday August 3/2016:  (224,540). The closing price of silver that day: $20.44. WE ARE ONLY 7000 CONTRACTS AWAY FROM RECORD HIGHS IN OI AND YET WE ARE $2.00 BELOW THE PRICE OF $20.44 WHEN THAT RECORD WAS SET.
 
 

We are in the NON active delivery month is APRIL  Here the open interest GAINED 134 contracts up to 199 contracts. We had 0 notices filed yesterday so we GAINED ANOTHER 134 contracts or an additional 670,000 oz will stand for delivery.

The next active contract month is May and here the open interest  LOST ONLY 2,966 contracts DOWN to 133,630 contracts which is astonishingly high. It is this front month that the crooked bankers are targeting as they must be frightened to see such a mammoth amount of contracts still standing for metal. Also remember that Good Friday was much earlier last year:  after today, we have only 10 trading days before first day notice. The non active June contract LOST 105 contracts to stand at 207. The next big active month will be July and here the OI gained 6716 contracts up to 59,549.

FOR COMPARISON SAKE, ON  APRIL 13/2016 WE HAD 98,575 CONTRACTS STANDING FOR DELIVERY. SO YOU CAN VISUALIZE FOR YOURSELF THE HUGE DIFFERENCE BETWEEN 2016 AND THIS YEAR.

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)

.

 

We had 0 notice(s) filed for NIL oz for the APRIL 2017 contract

 

VOLUMES: for the gold comex

Today the estimated volume was 226,132  contracts which is good.

Yesterday’s confirmed volume was 257,756 contracts  which is good.

volumes on gold are STILL HIGHER THAN NORMAL!

 
INITIAL standings for APRIL
 April 13/2017.
 
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 
 
 
 
 
 289.359 oz
 
Brinks
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz 
 
 nil
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
 
2 notice(s)
200 OZ
 
 
No of oz to be served (notices)
1797 contracts
179,700 oz
 
Total monthly oz gold served (contracts) so far this month
 
625 notices
62,300 oz
1.9440 tonnes
Total accumulative withdrawals  of gold from the Dealers inventory this month   NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month   443,448.1 oz
 
 
 
Today we HAD 0 kilobar transaction(s)/
 
Today we had 0 deposit(s) into the dealer:
 
 
 
 
total dealer deposits: 0 oz
 
We had NIL dealer withdrawals:
 
 
total dealer withdrawals:  NIL oz
 
 
we had 0  customer deposit(s):
 
 
 
 
 
 
 
 
 
 
 
total customer deposits; nil  oz
 
We had 1 customer withdrawal(s)
 
 
 
i) Out of Brinks: 289.359  oz
 
 
 
 
total customer withdrawal: 289.359 oz
 
 
 we had 0 adjustments:
 
 
 
For APRIL:
 

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 2 contract(s)  of which 0 notices were stopped (received) by jPMorgan dealer and 1 notice(s) was (were) stopped/ Received) by jPMorgan customer account.

 
 
 
 
 
 
 
 
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To calculate the initial total number of gold ounces standing for the APRIL. contract month, we take the total number of notices filed so far for the month (625) x 100 oz or 62,500 oz, to which we add the difference between the open interest for the front month of APRIL (1799 contracts) minus the number of notices served upon today (2) x 100 oz per contract equals 242,200 oz, the number of ounces standing in this  active month of APRIL.
 
Thus the INITIAL standings for gold for the APRIL contract month:
No of notices served so far (625) x 100 oz  or ounces + {(1799)OI for the front month  minus the number of  notices served upon today (2) x 100 oz which equals 242,200 oz standing in this non active delivery month of APRIL  (7.533 tonnes)
 
we LOST 121 contracts or an additional 12,100 oz will NOT  stand and THESE were cash settled via the PRIVATE EFP route. IT SURE SEEMS THAT THE COMEX IS OUT OF PHYSICAL METAL TO SUPPLY TO OUR LONGS.
 
 
 
 
 
 
 
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 We had 21.206 tonnes of gold initially stand for delivery in April 2016.  By the month’s conclusion we had only 12.39 tonnes stand.
 
 
 
 
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I have now gone over all of the final deliveries for this year and it is startling.
First of all:  in 2015 for the 13 months: 51 tonnes delivered upon for an average of 4.25 tonnes per month.
Here are the final deliveries for all of 2016 and the first 4 months of  2017
Jan 2016:  .5349 tonnes  (Jan is a non delivery month)
Feb 2016:  7.9876 tonnes (Feb is a delivery month/deliveries this month very low)
March 2016: 2.311 tonnes (March is a non delivery month)
April:  12.3917 tonnes (April is a delivery month/levels on the low side
And then something happens and from May forward deliveries boom!
May; 6.889 tonnes (May is a non delivery month)
June; 48.552 tonnes ( June is a very big delivery month and in the end deliveries were huge)
July: 21.452 tonnes (July is a non delivery month and generally a poor one/not this time!)
August: 44.358 tonnes (August is a good delivery month and it came to fruition)
Sept:  8.4167 tonnes (Sept is a non delivery month)
Oct; 30.407 tonnes complete.
Nov.    8.3950 tonnes.
DEC/2016.   29.931 tonnes
JAN/2017     3.9004 tonnes
FEB/ 18.734 tonnes
March: 0.5816 tonnes
April/2017: 7.533
 
total for the 16 months;  252.362 tonnes
average 15.772 tonnes per month
 
 
 
 
 
 
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Total dealer inventory 990,497.01 or 30.808 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,969,945.794 or 279.00 tonnes 
 
 
 
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 279.00 tonnes for a  loss of 24  tonnes over that period.  Since August 8/2016 we have lost 75 tonnes leaving the comex. However I am including kilobar transactions and they are very suspect at best
 
I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process  and are being used in the raiding of gold!
 
 
 
 

 
 
 
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 of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction.  This would be similar to the rehypothecated gold used by Jon Corzine at MF Global.
 
IN THE LAST 9 MONTHS  75 NET TONNES HAS LEFT THE COMEX.
 
end
 
And now for silver
 
AND NOW THE APRIL DELIVERY MONTH
 
APRIL INITIAL standings
 April 13. 2017
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 
 
 
 
 
1,276,557.700 oz
 
SCOTIA
CNT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 
 
nil oz
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 
 
 
 
 
1,205,429.308 oz
 
JPMorgan
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
 0 CONTRACT(S)
(NIL OZ)
No of oz to be served (notices)
199 contracts
(995,000  oz)
Total monthly oz silver served (contracts) 744 contracts (3,720,000 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  7,729,601.3 oz
 
 
 
today, we had  0 deposit(s) into the dealer account:
 
 
 
 
total dealer deposit: nil oz
 
we had Nil dealer withdrawals:
total dealer withdrawals: nil oz
 
we had 2 customer withdrawal(s):
 
i) Out of CNT: 621,153.900 oz
ii) Out of Scotia: 653,403.800 oz
 
 
 
TOTAL CUSTOMER WITHDRAWALS: 1,276,557.700 oz
 
 We had 1 Customer deposits:
i) Into JPMorgan:  1,205,429.308 oz
 
 
 
 
 
 
 
 
***deposits into JPMorgan have now resumed.
In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.
why is JPMorgan bringing in so much silver???
 
 
 
 
 
 
 
 
 
 
 
 
 
 
total customer deposits; 1,205,429.308 oz
 
 
 we had 0 adjustment(s)
 
 
 
 
 
The total number of notices filed today for the APRIL. contract month is represented by 0 contract(s) for NIL oz. To calculate the number of silver ounces that will stand for delivery in APRIL., we take the total number of notices filed for the month so far at 744 x 5,000 oz  = 3,720,000 oz to which we add the difference between the open interest for the front month of APRIL (199) 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 APRIL contract month:  744(notices served so far)x 5000 oz  + OI for front month of APRIL.(199 ) -number of notices served upon today (0)x 5000 oz  equals  4,715,000 oz  of silver standing for the APRIL contract month. 
 
We gained 134 contracts or an additional 670,000 oz will stand for delivery in this non active delivery month of April
 

FOR COMPARISON

Initially for the April 2016 contract, 1,180,000 oz stood for delivery.  At the end of April 2016: 6,775,000 oz stood as bankers needed much silver to fill major holes elsewhere.

 
 
 
 
 
 
 
 
Volumes: for silver comex
 
Today the estimated volume was 88,209 which is gigantic 
Yesterday’s  confirmed volume was 95,046 contracts OR 475 MILLION OZ /gigantic.  (THE 475 MILLION OZ = 67 % OF ANNUAL GLOBAL PRODUCTION OF SILVER EX CHINA EX RUSSIA)
 
 
 
 
 
 
 
 
 
 
 
 
Total dealer silver:  30.289 million (close to record low inventory  
Total number of dealer and customer silver:   189.792 million oz
 
 
 
The total open interest on silver is now very close to its all time high with the record of 224,540 being set AUGUST 3.2016.
 
 
 
 
 
end
 
 
 
 
 
 
 

NPV for Sprott and Central Fund of Canada

will update later tonight the central fund of Canada figures

 
1. Central Fund of Canada: traded at Negative 6.4 percent to NAV usa funds and Negative 5.9% to NAV for Cdn funds!!!! 
Percentage of fund in gold 60.4%
Percentage of fund in silver:39.5%
cash .+0.2%( April 13/2017
 
SPROTT FUNDS NAV WILL BE UPDATED LATER TONIGHT
 
 
2. Sprott silver fund (PSLV): Premium RISES  to .49%!!!! NAV (April 13/2017
3. Sprott gold fund (PHYS): premium to NAV RISES to +0.36% to NAV  ( April 13/2017)
Note: Sprott silver trust back  into NEGATIVE territory at -.49% /Sprott physical gold trust is back into POSITIVE/ territory at +0.36%/Central fund of Canada’s is still in jail  but being rescued by Sprott.
 

Sprott’s hostile 3.1 billion bid to take over Central Fund of Canada