The Silver HARBINGER! – Harvey Organ

THIS IS A HARBINGER OF THINGS TO COME…

GOLD DOWN 5 DOLLARS AND SILVER DOWN 13 CENTS BUT WITHSTAND ANOTHER CENTRAL BANK RAID/FOR THE 3RD STRAIGHT MONTH THE AMOUNT STANDING FOR SILVER INCREASES IMMEDIATELY AFTER FIRST DAY NOTICE/CHINESE MANUFACTURING CONTRACTS WHICH IS A HARBINGER OF THINGS TO COME/ANOTHER ISLAMIST ATTACK AND THIS TIME IN MANILA PHILIPPINES/COMEY TO TESTIFY ON JUNE 8/ILLINOIS DOWNGRADED AGAIN AND ONE NOTCH ABOVE JUNK WITH ANOTHER REVIEW ON JULY 1./2017
 

Buy Winter Is Here Putin Silver Coins at SD Bullion

 

GOLD: $1267.00  down $5.00

Silver: $17.24  down 13  cent(s)

Closing access prices:

Gold $1265.60

silver: $17.33

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: $1274.43 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  1269.75

PREMIUM FIRST FIX:  $4.68

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1274.41

NY GOLD PRICE AT THE EXACT SAME TIME: 1267.00

Premium of Shanghai 2nd fix/NY:$7.41

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1266.55

NY PRICING AT THE EXACT SAME TIME: $1267.40

LONDON SECOND GOLD FIX  10 AM: $1264.85

NY PRICING AT THE EXACT SAME TIME. $1266.60 ???

 

For comex gold:

MAY/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH:  308 NOTICE(S) FOR 30,800  OZ. 

 TOTAL NOTICES SO FAR: 1116 FOR 111,600 OZ    (3.4712TONNES)

 
 
 

For silver:

For silver: MAY

 18 NOTICES FILED TODAY FOR 90,000  OZ/

Total number of notices filed so far this month: 55 for 275,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

END

FEDERAL RESERVE BANK OF NY EAR MARKED GOLD REPORT

LAST MONTH WE HAD 7,841 MILLION DOLLARS WORTH OF GOLD VALUED AT 42.22 DOLLARS PER OZ

THIS MONTH:  WE HAVE 7841 MILLION DOLLARS WORTH OF GOLD VALUED AT $42.22 PER OZ

AMOUNT OF GOLD MOVED FROM NY:  0

END

 

Let us have a look at the data for today

.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest FELL BY  A TINY 789  contract(s) DOWN to 204,466 WITH THE FALL IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING (DOWN  5 CENT(S).   In ounces, the OI is still represented by just OVER 1 BILLION oz i.e.  1.02400 BILLION TO BE EXACT or 146% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 18 NOTICE(S) FOR 90,000  OZ OF SILVER

In gold, the total comex gold ROSE BY A STRONG 8,732 contracts WITH THE RISE IN THE PRICE OF GOLD ($9.55 with YESTERDAY’S TRADING). The total gold OI stands at 442,978 contracts.

we had 308 notice(s) filed upon for 30,800 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

We had no changes in tonnes of gold at the GLD

Inventory rests tonight: 847.45 tonnes

.

SLV

Today: no changes in inventory

THE SLV Inventory rests at: 340.976 million oz

end

.

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

1. Today, we had the open interest in silver FELL BY 789 contract DOWN TO 204,446, (AND now A LITTLE FURTHER FROM  THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787), WITH THE FALL IN PRICE FOR SILVER WITH YESTERDAY’S TRADING  (5 CENTS). NO QUESTION THAT WE HAD FAILED SHORT COVERING BY THE BANKERS ALONG WITH SOME BANKER DELTA HEDGING WITH THE STRONGER PERFORMANCE FROM SILVER OF LATE.

(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

2c) Federal Reserve Bank of NY Ear Marked Gold Report

(Harvey)

3. ASIAN AFFAIRS

i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed DOWN 14.56 POINTS OR 0.47%   / /Hang Sang CLOSED UP 148.57 POINTS OR 0.58% The Nikkei closed UP 209.46 POINTS OR 1.07%/Australia’s all ordinaires  CLOSED UP  0.19%/Chinese yuan (ONSHORE) closed   UP at 6.8089/Oil DOWN to 48.45 dollars per barrel for WTI and 50.84 for Brent. Stocks in Europe OPENED MOSTLY IN THE GREEN     ..Offshore yuan trades  6.7631 yuan to the dollar vs 6.8089 for onshore yuan. NOW  THE OFFSHORE IS  STRONGER TO THE ONSHORE YUAN/ ONSHORE YUAN STRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS HUGELY  STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA NOT HAPPY WITH THE NEWS THAT ITS DEBT HAS BEEN DOWNGRADED  /CHINA UNDERGOES INTERVENTION AGAIN LAST NIGHT DRIVING UP BOTH YUANS.

3a)THAILAND/SOUTH KOREA/NORTH KOREA

i)NORTH KOREA

b) REPORT ON JAPAN

c) REPORT ON CHINA

i)Wow!! this is telling; Chinese Caixin Manufacturing index shows a contraction in China for the first time.  Clearly the Chinese economy is in a downtrend and that does not bode well for the global economy

( zero hedge/Caixin)

ii)Another government intervention sees the Chinese yuan continue to rise in its biggest 4 day rally in over 12 years.The move is meant to create havoc for our yuan shorters.  The deposit rate lowers to 15% but HIBOR rises to 19.59%

( zero hedge)

4. EUROPEAN AFFAIRS

France confirms: no trace of Russian involvement in Macron’s hacker attack with respect to his campaign

( zero hedge)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

i)The USA will now go into the “annihilate phase as they try to destroy the Islamic state caliphate

( Mish Shedlock/Mishtalk)

ii)Another ISIS attack:  this time in a luxury hotel in downtown Manila, Philippines

( zero hedge)

6 .GLOBAL ISSUES

Canada unveils a tiny $650 million lumber industry bailout as they are asserting that they will stand up to the USA

( zerohedge)

7. OIL ISSUES

i)Another manipulated market; the oil market as the west needs oil prices higher

( zero hedge)

ii)WTI and Gasoline gets confused as the encounter:

i) a big crude drawdown

ii) a huge 21 month high production

( zero hedge)

8. EMERGING MARKET

9.   PHYSICAL MARKETS

i)A major  Chinese conglomerate, Fosun International buys a 10% stake in Russia’s 3rd largest gold miner

( Reuters)

ii)John Embry in a conversation with Kingworldnews states that gold and silver will catch up to other assets whose values have exploded northbound

( kingworldnews/John Embry)

iii)Craig Roberts and Dave Kranzler question whether bitcoin is standing in as proxy for gold in that central banks cannot go naked short bitcoin but they certainly engage in that activity with gold

( Roberts and Dave Kranzler/)

iv)The latest COT report (up to the 18th of May) suggests that managed money (hedge funds) piled into gold. However they will have to wait until figures come in next week when we see the COT which envelopes May 31 which saw the humongous liquidation at the comex.  As many of you are aware, all of these longs transferred into an EFP and a future delivery contract.  This is why I am angry that the COT reports are distorted because of these EFP’s.

 

(ZEROHEDGE)

( zero hedge)

 

10. USA stories

i))Bricks and Mortar meltdown in the retail sector of the USA

( WolfRichter/WolfStreet)

ii)This is getting ridiculous!! Nigel Farage is a person of interest in the FBI’s fake probe of Trump and Russia;

( zero hedge)

iii)I would not look too much into this latest ADP report (private).  It shows a surge in employment despite the biggest job cut rise in over 2 years:

( ADP/zerohedge)

iv)Senator Mike Lee, a member of the Judiciary Committee is one smart cookie.  Trump is even considering him as a candidate for the Supreme Court if one of its members retires.  Yesterday, Lee states that when Comey will testify before the committee, he would be surprised if he states that Trump pressured Comey to end the investigation on Flynn and Russian connections.  He explains why..

a must view…

( zero hedge)

iv b)It is now official: Comey to testify next Thursday June 8

( zerohedge)

v)Another flip flop for Trump but this is understandable.  He wants to give peace between Israel and the Palestinians a chance.

For now Trump will not move the USA embassy to Jerusalem

(courtesy zerohedge)

vi)As we have been reporting to you over the past year, General Motors continue to channel stuff its car inventory.  It is now the highest level in over 10 years:

( zero hedge)

vii)Janet is not going to like this:  USA construction spending plunged by 1.4% in April and much worse than the weakest  economists expectations

( zero hedge)

( zero hedge)

( zero hedge)

x) My goodness, it sure took the rating agencies the long time to recognize the basket case status of the state if Illinois.

now two rating agencies have cut Illinois’ debt to near junk and they will surely feel the pain

( zero hedge)

 

 

Let us head over to the comex:

The total gold comex open interest ROSE BY A STRONG 8,732 CONTRACTS DOWN  to an OI level of 442,978 WITH THE RISE IN THE PRICE OF GOLD ( $9.55 with YESTERDAY’S trading).

We are now in the contract month of JUNE and it is one of the BETTER delivery months  of the year. In this JUNE delivery month  we had A  HUGE LOSS OF 1886 contract(s) FALLING TO  4528.  We had 808 notices filed upon yesterday so we LOST 1078  contracts or an additional 107,800 oz will  NOT stand for delivery in this very active delivery month of June AND WITHOUT A SHADOW OF DOUBT THESE 1078 CONTRACTS RECEIVED AN EFP CONTRACT WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURE GOLD CONTRACT/OR A LONG CALL OR MOST LIKELY A LONDON BASED FORWARD GOLD CONTRACT. THESE EFP’S ARE PRIVATE OFF COMEX TRANSACTIONS.

Below is a little background on the EFP contracts  initiated by our bankers:
 
We now know for certainty that private EFP contracts are given by the bankers when faced with an upcoming active delivery month and they state that this is for emergency purposes only and that they do not have actual physical metal to deliver upon in the front month.  We just do not know the makeup of that private deal.  It is my contention that the longs in GOLD FOR INSTANCE at the end of MAY(for June contracts) were given a fiat bonus plus a long “in the money” call for a  future July contract or a August FUTURE contract or MAYBE EVEN A LONDON BASED FORWARD GOLD CONTRACT. . and this is why the total comex open interest complex obliterates as we enter first day notice.  So now everything makes sense: the obliteration of OI as we enter first day notice has not really occurred in the real sense but replaced with a future long contract call and/or an off -comex London based gold contract  with some bonus money for their effort.

The non active July contract LOST 43 contracts to stand at 2147 contracts. The next big active month is August and here the OI gained 10,307 contracts up to 320,204.

We had 308 notice(s) filed upon today for 30,800 oz

 

 
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
 
And now for the wild silver comex results.  Total silver OI FELL BY 789 contracts FROM  205,235 DOWN TO 204,446 WITH YESTERDAY’S 5 CENT LOSS.  IT SURE LOOKS LIKE OUR BANKERS ARE TRYING TO COVER THEIR SHORTS IN SILVER IN EARNEST. WE ALSO NO DOUBT HAVE CONSIDERABLE EVIDENCE OF SOME DELTA HEDGING BY THE BANKERS TRYING TO OFFSET THAT HUGE SHORT POSITION THEY HAVE BEEN BURGEONING OVER THE YEARS.
 
 
 
 
We are in the NON active delivery month is JUNE  Here the open interest LOST 16 contract(s) FALLING TO 380 contracts. We had 37 notices served upon yesterday so we AGAIN GAINED 21 CONTRACTS OR AN ADDITIONAL 105,000 OZ OF SILVER WILL STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF JUNE.  IT SEEMS WE ARE CONTINUING WHERE WE LEFT OFF LAST MONTH IN SILVER AS INVESTORS ARE WILLING TO FORGO THE FIAT PROFIT JUST TO SECURE PHYSICAL METAL.
 

The next big active month will be July and here the OI LOST 2385 contracts DOWN to 136,651.  The next big active delivery month for silver after July will be September and here the OI already jumped by 1498 contracts up to 31,878/

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 18 notice(s) filed for 90,000 oz for the June 2017 contract

 

VOLUMES: for the gold comex

Today the estimated volume was 165,426 contracts which is FAIR

Yesterday’s confirmed volume was 216,891 contracts  which is GOOD

volumes on gold are STILL HIGHER THAN NORMAL!

 
INITIAL standings for JUNE
 June 1/2017.
 
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 
 
 96.45 oz
 
3 kilobars
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz 48226.500 ozbrinks

1500 kilobars

 

Deposits to the Customer Inventory, in oz 
 
 nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
 
308 notice(s)
 
30,800 OZ
 
 
No of oz to be served (notices)
4220 contracts
422,000 oz
 
Total monthly oz gold served (contracts) so far this month
 
1116 notices
111,600 oz
3.4712 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   65,009.1 oz
 
 
 
Today we HAD  2 kilobar transaction(s)/ 
We had 1 deposit into the dealer:
i) Into Brinks: 48,226.500 oz  1500 kilobars
 
 
 
total dealer deposits: 48,226.500 oz
 
We had NIL dealer withdrawals:
 
 
total dealer withdrawals:  NIL oz
we had no dealer deposits:
 
total dealer deposits:  nil oz
 
 
we had 0  customer deposit(s):
 
 
 
 
 
 
 
 
 
 
 
 
total customer deposits; nil  oz
 
We had 1 customer withdrawal(s)
 
 
 i Out of Manfra:  96.45 oz
3 kilobars
 
 
 
 
 
 
 
 
total customer withdrawal: 96.45  oz
 
 
 
 we had 1 adjustments:
i Out of Delaware:  2399.99 oz was adjusted out of the customer and this landed into the dealer account of Delaware
 
 
 
 
For JUNE:
 

Today, 39 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 308 contract(s)  of which 112 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.

 
 
 
 
 
 
 
 
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
To calculate the initial total number of gold ounces standing for the JUNE. contract month, we take the total number of notices filed so far for the month (1116) x 100 oz or 80,800 oz, to which we add the difference between the open interest for the front month of MAY (4528 contracts) minus the number of notices served upon today (308) x 100 oz per contract equals 533,600  oz, the number of ounces standing in this active month of JUNE.
 
Thus the INITIAL standings for gold for the JUNE contract month:
No of notices served so far (1116) x 100 oz  or ounces + {(4528)OI for the front month  minus the number of  notices served upon today (308) x 100 oz which equals 533,600 oz standing in this  active delivery month of JUNE  (16.5972 tonnes).
WE LOST 1078 CONTRACTS OR AN ADDITIONAL 107,800 OZ WILL NOT STAND AT THE COMEX.  HOWEVER THESE GUYS WERE GIVEN EFP CONTRACTS WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURES GOLD CONTRACT OR A LONG CALL ON A GOLD CONTRACT OR MOST LIKELY A LONDON BASED GOLD FORWARD CONTRACT.  
 
 
 
 
 
 
 
 
 
 
 
 
 
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
 
 
 
 
Total dealer inventory 894,646.624 or 27.82 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,750,276.96 or 272.17 tonnes 
 
 
 
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 272.17 tonnes for a  loss of 30  tonnes over that period.  Since August 8/2016 we have lost 81 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 12 MONTHS  81 NET TONNES HAS LEFT THE COMEX.
 
end
 
And now for silver
 
AND NOW THE MAY DELIVERY MONTH
 
June INITIAL standings
 June 1. 2017
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 
 
 
 
 
 
 
 
301,173.160 oz
 
 
 
CNT
SCOTIA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 
 
nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 495,753.0000  o
????z
 
 HSBC
exact weight
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
 18 CONTRACT(S)
(90,000 OZ)
No of oz to be served (notices)
362 contracts
( 1,810,000 oz)
Total monthly oz silver served (contracts) 55 contracts (275,000 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 1,418,985.5 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: 9029.93 oz
ii) out of Scotia: 292,144.23 oz
 
 
 
 
 
 
 
 
 
TOTAL CUSTOMER WITHDRAWALS: 301,173.16  oz
 
 We had 1 Customer deposit(s):
i) Into HSBC:  495,753.000 oz   exact weight?????
 
 
 
***deposits into JPMorgan have now stopped 
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??? why is this not criminal in that they are also the massive short in silver
 
 
 
 
 
 
 
 
 
 
 
 
 
total customer deposits  495,753.000 oz
 
 
 we had 0 adjustment(s)
 
 
 
The total number of notices filed today for the JUNE. contract month is represented by 18 contract(s) for 90,000 oz. To calculate the number of silver ounces that will stand for delivery in JUNE., we take the total number of notices filed for the month so far at 55 x 5,000 oz  = 275,000 oz to which we add the difference between the open interest for the front month of JUNE (380) and the number of notices served upon today (18) x 5000 oz equals the number of ounces standing
 

 

.
 
Thus the initial standings for silver for the JUNE contract month:  55(notices served so far)x 5000 oz  + OI for front month of JUNE.(380 ) -number of notices served upon today (18)x 5000 oz  equals  2,0850,000 oz  of silver standing for the JUNE contract month. WE ALSO HAVE 0 EFP CONTRACTS WERE ISSUED AS THE LONGS REFUSED A FIAT BONUS: THEY WANTED THEIR SILVER.
 
 
 
 
 
 
 
 
 
 
 
 
Volumes: for silver comex
 
 
 
Today the estimated volume was 86,150 which is huge
Yesterday’s  confirmed volume was 79,201 contracts which is HUGE
 
FRIDAY’S ESTIMATED VOLUME OF 79,201 CONTRACTS EQUATES TO 396 MILLION OZ OF SILVER OR 57% OF ANNUAL GLOBAL PRODUCTION OF SILVER EX CHINA EX RUSSIA). IN OUR HEARINGS THE COMMISSIONERS STRESSED THAT THE OPEN INTEREST SHOULD BE AROUND 3% OF THE MARKET.  
 
 
 
 
 
 
 
 
 
 
 
 
Total dealer silver:  33.563 million (close to record low inventory  
Total number of dealer and customer silver:   201.561 million oz
 
 
 
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 and Central Fund of Canada

 
1. Central Fund of Canada: traded at Negative 6.7 percent to NAV usa funds and Negative 6.6% to NAV for Cdn funds!!!! 
Percentage of fund in gold 62.0%
Percentage of fund in silver:37.9%
cash .+0.1%( June 1/2017
 
 
 
 
 
 
 
2. Sprott silver fund (PSLV): Premium FALLS TO   -.223%!!!! NAV (june 1/2017
3. Sprott gold fund (PHYS): premium to NAV RISES to -0.35% to NAV  (June 1/2017 )
Note: Sprott silver trust back  into NEGATIVE territory at -0.22% /Sprott physical gold trust is back into NEGATIVE/ territory at -0.35%/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

(courtesy Sprott/GATA)

Sprott makes hostile $3.1 billion bid for Central Fund of Canada

 Section: Daily Dispatches

From the Canadian Press
via Canadian Broadcasting Corp. News, Toronto
Wednesday, March 8, 2017

http://www.cbc.ca/news/canada/calgary/sprott-takeover-bid-central-fund-c…

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.

end

And now the Gold inventory at the GLD

June 1/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 847.45 TONNES

May 31./ no change in gold inventory at the GLD/Inventory rests at 847.45 tonnes

May 30/no change in gold inventory at the GLD/Inventory rests at 847.45 tonnes

May 26./no change in inventory at the GLD/Inventory rests at 847.45 tonnes

May 25./no change in inventory at the GLD/Inventory rests at 847.45 tonnes

May 24/no change in inventory at the GLD/inventory rests at 847.45 tonnes

May 23/a paper withdrawal of 5.03 tonnes of gold from the GLD/Inventory rests at 847.45 tonnes

May 22/A DEPOSIT OF 1.77 TONNES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 852.48 TONNES

May 19/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 850.71 TONNES

May 18/a withdrawal of 1.18 tonnes of gold from the GLD/Inventory rests at 850.71

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

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
June 1 /2017/ Inventory rests tonight at 847.45 tonnes
 
*IN LAST 163 TRADING DAYS: 100.68 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 106 TRADING DAYS: A NET  26.75 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: A NET  52.09 TONNES HAVE BEEN ADDED.
 

end

 
 

Now the SLV Inventory

June 1/NO CHANGE IN INVENTORY AT THE SLV/INVENTORY RESTS AT 340.976 MILLION OZ

May 31./ no change in silver inventory at the SLV/inventory rests at 340.976 million oz/

May 30/no change in silver inventory at the SLV/inventory rests at 340.976 million oz

May 26/another paper withdrawal of 946,000 oz of silver from the SLV with silver rising/inventory rests at 340.976 million oz

May 25/no change in silver inventory at the SLV/Inventory rests at 341.922 million oz

May 24./a “paper” withdrawal of 1.893 million oz from the SLV/inventory rests tonight at 341.922 million oz

May 23/no change in silver inventory at the SLV/inventory rests at 343.815 million oz

May 19/no change in silver inventory at the SLV/Inventory rests at 343.815 million oz.

may 18/2017/another big deposit of 1.42 million oz added to the SLV/inventory rests at 343.815 million oz.

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??)

 
 
June 1.2017: Inventory 340.976  million oz