Harvey Organ: Silver Must Be VERY SCARCE In New York
Harvey says we are coming very close to a commercial failure. Here's why...by Harvey Organ of Harvey Organ Blog
JULY 22/GOLD UP A TINY 80 CENTS TO $1426.80 BUT SILVER ADVANCES A HUGE 21 CENTS//A MASSIVE 10.56 TONNES OF PAPER GOLD ADDED TO THE GLD/A MASSIVE 8.939 MILLION OZ OF PAPER SILVER ADDED TO THE SLV///FOR THE FIRST TIME EVER TO SILVER ENTERS THE COMEX, NO SILVER LEAVES THE COMEX AND ADJUSTMENTS//HUGE NUMBER OF IRAN STORIES FOR YOU TO READ TONIGHT//CHRIS POWELL TAKES ON LONDON'S FINANCIAL TIMES WRITER MARTIN WOLF//MANY SWAMP STORIES FOR YOU TONIGHT///
GOLD: $1426.60 UP $0.80 (COMEX TO COMEX CLOSING)
Silver: $16.38 UP 21 CENTS (COMEX TO COMEX CLOSING)//
Closing access prices:
Gold : $1425.50
silver: $16.37
YOUR DATA...
COMEX DATA
we are coming very close to a commercial failure!!
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING 7/19
EXCHANGE: COMEXCONTRACT: JULY 2019 COMEX 100 GOLD FUTURESSETTLEMENT: 1,425.100000000 USDINTENT DATE: 07/19/2019 DELIVERY DATE: 07/23/2019FIRM ORG FIRM NAME ISSUED STOPPED____________________________________________________________________________________________661 C JP MORGAN 7690 C ABN AMRO 6737 C ADVANTAGE 7 12905 C ADM 6____________________________________________________________________________________________
TOTAL: 19 19MONTH TO DATE: 940
NUMBER OF NOTICES FILED TODAY FOR JULY CONTRACT: 19 NOTICE(S) FOR 1900 OZ (0.0590 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 940 NOTICES FOR 94000 OZ (2.9237 TONNES)
SILVER
FOR JULY
61 NOTICE(S) FILED TODAY FOR 305,000 OZ/
total number of notices filed so far this month: 4009 for 20,045,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: OPENING MORNING TRADE : $ DOWN 119
Bitcoin: FINAL EVENING TRADE DOWN 332
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
IN SILVER THE COMEX OI FELL BY A SMALL SIZED 799 CONTRACTS FROM 231,429 DOWN TO 230,630 WITH THE 0 CENT GAIN IN SILVER PRICING AT THE COMEX.
TODAY WE ARRIVED CLOSER TO AUGUST'S 2018 RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.
WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP'S. WE WERE NOTIFIED THAT WE HAD A HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,
0 FOR JULY. 0 FOR AUGUST, 2274 FOR SEPT, AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 2274 CONTRACTS. WITH THE TRANSFER OF 2274 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 24-48 HRS IN THE ISSUING OF EFP'S. THE 2274 EFP CONTRACTS TRANSLATES INTO 11.37 MILLION OZ ACCOMPANYING:
1.THE 0 CENT GAIN IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST 12 MONTHS:
JUNE/2018. (5.420 MILLION OZ);
FOR JULY: 30.370 MILLION OZ
FOR AUG., 6.065 MILLION OZ
FOR SEPT. 39.505 MILLION OZ S
FOR OCT.2.525 MILLION OZ.
FOR NOV: A HUGE 7.440 MILLION OZ STANDING AND
21.925 MILLION OZ FINALLY STAND FOR DECEMBER.
5.845 MILLION OZ STAND IN JANUARY.
2.955 MILLION OZ STANDING FOR FEBRUARY.:
27.120 MILLION OZ STANDING IN MARCH.
3.875 MILLION OZ STANDING FOR SILVER IN APRIL.
18.845 MILLION OZ STANDING FOR SILVER IN MAY.
2.660 MILLION OZ STANDING FOR SILVER IN JUNE//
21.350 MILLION OZ INITIAL STANDING FOR JULY
WE HAD CONSIDERABLE COVERING OF SHORTS AT THE SILVER COMEX FRIDAY ..AND ZERO SPREADING ACCUMULATION.
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JULY:
26,763 CONTRACTS (FOR 15 TRADING DAYS TOTAL 26,763 CONTRACTS) OR 133.815 MILLION OZ: (AVERAGE PER DAY: 1784 CONTRACTS OR 8.921 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF JULY: 133.815 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 17.49% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)* JUNE'S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP'S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.
ACCUMULATION IN YEAR 2019 TO DATE SILVER EFP'S: 1291.42 MILLION OZ.
JANUARY 2019 EFP TOTALS: 217.455. MILLION OZ
FEB 2019 TOTALS: 147.4 MILLION OZ/
MARCH 2019 TOTAL EFP ISSUANCE: 207.835 MILLION OZ
APRIL 2019 TOTAL EFP ISSUANCE: 182.87 MILLION OZ.
MAY 2019: TOTAL EFP ISSUANCE: 136.55 MILLION OZ
JUNE 2019 , TOTAL EFP ISSUANCE: 265.38 MILLION OZ
RESULT: WE HAD A SMALL SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 799, WITHTHE 0 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD A HUGE SIZED EFP ISSUANCE OF 2274 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 (SEE COMEX DATA) .
TODAY WE GAINED A STRONG SIZED: 1475 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 2274 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH DECREASE OF 799 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 0 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $16.17 WITH RESPECT TO FRIDAY'S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY!!
In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.171 BILLION OZ TO BE EXACT or 167% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 61 NOTICE(S) FOR 305,000 OZ OF SILVER
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 243,411 CONTRACTS ON APRIL 9.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51.
AND NOW WE RECORD FOR POSTERITY ANOTHER ALL TIME RECORD OPEN INTEREST AT THE COMEX OF 244,196 CONTRACTS ON AUGUST 22/2018 AND AGAIN WHEN THIS RECORD WAS SET, THE PRICE OF SILVER WAS $14.78 AND LOWER IN PRICE THAN PREVIOUS RECORDS.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ MAY: 36.285 MILLION OZ ; JUNE/2018 (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ ) FOR AUGUST 6.065 MILLION OZ. , SEPT: A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ JANUARY AT 5.825 MILLION OZ.AND FEB 2019: 2.955 MILLION OZ/ MARCH: 27.120 MILLION OZ/ APRIL AT 3.875 MILLION OZ/ A MAY: 18.845 MILLION OZ..JUNE 2.660 MILLION OZ//JULY 21.350 MILLION OZHUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018) AND NOW AUGUST 22/2018: 244,196 CONTRACTS, WITH A SILVER PRICE OF $14.78.HUGE ANNUAL EFP'S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLIONOZ/ AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZAND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)
.
IN GOLD, THE COMEX OPEN INTEREST FELL BY A STRONG SIZED 9838 CONTRACTS, TO 633,013 ACCOMPANYING THE $1.00 PRICING LOSS WITH RESPECT TO COMEX GOLD PRICING YESTERDAY// /THE SPREADING ACCUMULATION HAS STOPPED AND MOST LIKELY THE SIGNAL WAS GIVEN TO LIQUIDATE SOME OF THOSE CONTRACTS FOR GOLD AS WE ARE APPROACHING FIRST DAY NOTICE NEXT WEEK.
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUMONGOUS SIZED 15,755 CONTRACTS:
APRIL 0 CONTRACTS,JUNE: 0 CONTRACTS, AUGUST 2019: 15,755 CONTRACTS, DEC> 0 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 633,013,. 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. . 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 AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.
IN ESSENCE WE HAVE A STRONG SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5917 CONTRACTS: 9838 CONTRACTS DECREASED AT THE COMEX AND 15,755 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 5917 CONTRACTS OR 591,700 OZ OR 18.40 TONNES. YESTERDAY WE HAD A SMALL LOSS OF $1.00 IN GOLD TRADING....AND WITH THAT SMALL LOSS IN PRICE, WE HAD A STRONG GAIN IN GOLD TONNAGE OF 18.40 TONNES!!!!!! THE BANKERS WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER.
WITH RESPECT TO SPREADING: WE WILL WITNESS THE MORPHING OF OUR SPREADERS OUT OF SILVER AND INTO GOLD AS THE JULY MONTH PROCEEDS INTO THE ACTIVE DELIVERY MONTH OF AUGUST.
.
FOR NEWCOMERS, HERE IS THE MODUS OPERANDI OF THE CORRUPT BANKERS WITH RESPECT TO THEIR SPREAD/TRADING.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:
"AS YOU WILL SEE, THE CROOKS WILL NOW SWITCHED TO SILVER AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.
HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NO INTO THE NON ACTIVE DELIVERY MONTH OF JULY HEADING TOWARDS THE VERY ACTIVE DELIVERY MONTH OF AUGUST.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES, HERE IS THE BANKERS MODUS OPERANDI:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST IS STARTING TO RISE IN THIS NON ACTIVE MONTH OF JULY BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVER WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (AUGUST), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE."
IT SEEMS THAT THE SIGNAL WAS GIVEN TO START THEIR LIQUIDATION RIGHT ON TIME, ONE WEEK PRIOR TO FIRST DAY NOTICE......
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JULY : 130,742 CONTRACTS OR 13,074,200 oz OR 406.66 TONNES (14 TRADING DAY AND THUS AVERAGING: 9338 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 14 TRADING DAY IN TONNES: 406.66 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 406.66/3550 x 100% TONNES =8.97% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP'S YEAR 2019 TO DATE: 3444.47 TONNES
JANUARY 2019 TOTAL EFP ISSUANCE; 531.20 TONNES
FEB 2019 TOTAL EFP ISSUANCE: 344.36 TONNES
MARCH 2019 TOTAL EFP ISSUANCE: 497.16 TONNES
APRIL 2019 TOTAL ISSUANCE: 456.10 TONNES
MAY 2019 TOTAL ISSUANCE: 449.10 TONNES
JUNE 2019 TOTAL ISSUANCE: 642.22 TONNES
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP'S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP'S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
Result: A STRONG SIZED DECREASE IN OI AT THE COMEX OF 9838 WITH THE SMALL PRICING LOSS THAT GOLD UNDERTOOK YESTERDAY($1.00)) //.WE ALSO HAD A HUMONGOUS SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 15,855 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX. 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 15,855 EFP CONTRACTS ISSUED, WE HAD A STRONG SIZED GAIN OF 5917 CONTRACTSIN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
15,755 CONTRACTS MOVE TO LONDON AND 9838 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 18.40 TONNES). ..AND THIS HUGE INCREASE OF DEMAND OCCURRED ACCOMPANYING THE LOSS IN PRICE OF $1.00 WITH RESPECT TO FRIDAY'S TRADING AT THE COMEX. WE HAS NOW STOPPED WITH SPREADING ACCUMULATION IN GOLD AS WE NOW ENTER THE LIQUIDATION PHASE OF THE SPREADING ACTIVITY/ THIS ACTIVITY SURELY HAD AN EFFECT ON PRICE
we had: 19 notice(s) filed upon for 1900 oz of gold at the Comex.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD UP $0.80 TODAY// THE FRAUD CONTINUES UNABATED:
BIG CHANGES IN GOLD INVENTORY AT THE GLD: TWO MASSIVE PAPER GOLD DEPOSIT OF A) 5.87 TONNES THIS MORNING AND B ) ANOTHER 4.69 TONNES THIS AFTERNOON
TOTAL 10.56 TONNES WHEN THERE IS NO PHYSICAL GOLD AROUND
WHAT A FRAUD!
INVENTORY RESTS AT 825.18 TONNES
TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD. IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY
SLV/
WITH SILVER UP 21 CENTS TODAY:
ANOTHER BIG CHANGES IN SILVER INVENTORY AT THE SLV:
A HUGE PAPER DEPOSIT OF 8.939 MILLION OZ ADDED TO THE SLV
/INVENTORY RESTS AT 355.919 MILLION OZ.
end
Let us head over to the comex:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG SIZED 9838 CONTRACTS TO A LEVEL OF 633,013 ACCOMPANYING THE SMALL LOSS OF $1.00 IN GOLD PRICING WITH RESPECT TOYESTERDAY'S // COMEX TRADING). WE ARE NOW IN THE LIQUIDATION PHASE OF OUR SPREADERS OPERATION!!
WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF JULY.. THE CME REPORTS THAT THE BANKERS ISSUED GIGANTIC SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 15,755 EFP CONTRACTS WERE ISSUED:
FOR AUGUST; 15,755 CONTRACTS: DEC: 0 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 15,755 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 OUR 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 BASED FORWARD.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES:5917 TOTAL CONTRACTS IN THAT 15,755 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST A LARGE SIZED 9838 COMEX CONTRACTS. THE BANKERS STARTED THEIR LIQUIDATION OF THEIR SPREADING OPERATION AND THAT SURELY HAD AN EFFECT ON PRICE DURING THE FRIDAY COMEX TRADING.
NET GAIN ON THE TWO EXCHANGES :: 5917 CONTRACTS OR 591,700 OZ OR 18.40 TONNES.
We are now in the NON active contract month of JULY and here the open interest stands at 27 CONTRACTS as we LOST 46 contracts. We had 51 notices filed yesterday so we surprisingly gained 5contracts or 500 oz of gold that will stand for delivery as there appears to be some gold at the Comex as they will now try their luck on finding the fast vanishing supplies of physical gold over here. We usually witness queue jumping in silver immediately after first day notice but not gold. That has changed as we now witness queue jumping in the comex gold arena on a continual basis.. The next big active month for deliverable gold is August and here the OI FELL by a 30,525 contracts DOWN to 290,181.(of which some of this was the spreading liquidation). The next non active month is September and here the OI FELL by 68 contracts DOWN to 1038. The next active delivery month is October and here the OI rose by 1840 contracts up to 25,965.
TODAY'S NOTICES FILED:
WE HAD 19 NOTICES FILED TODAY AT THE COMEX FOR 1900 OZ. (0.0590 TONNES)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And now for the wild silver comex results.
Total COMEX silver OI FELL BY A SMALL SIZED 799 CONTRACTS FROM 231,429 UP TO 230,630 (AND FURTHER FROM THE NEW RECORD OI FOR SILVER SET ON AUGUST 22.2018. THE PREVIOUS RECORD WAS SET APRIL 9.2018/ 243,411 CONTRACTS) AND TODAY'S SMALL OI COMEX LOSS OCCURRED WITHA 0 CENT GAIN IN PRICING.//FRIDAY.
WE ARE NOW INTO THE ACTIVE DELIVERY MONTH OF JULY. HERE WE HAVE 322 OPEN INTEREST STAND FOR DELIVERY WITH A GAIN OF 46 CONTRACTS. WE HAD 15 NOTICES FILED YESTERDAY SO WE GAINED 61 CONTRACTS OR AN ADDITIONAL 305,000 OZ OF SILVER WILL STAND AT THE COMEX.... AND THESE GUYS REFUSED TO MORPH INTO A LONDON BASED FORWARD AS WELL AS NEGATING A FIAT BONUS. LET US WAIT AND SEE IF THEY ARE SUCCESSFUL IN OBTAINING PHYSICAL METAL ON THIS SIDE OF THE POND. AFTER JULY WE HAVE THE NON ACTIVE MONTH OF AUGUST AND HERE WE LOST 41 CONTRACTS DOWN TO 1142. THE NEXT BIG ACTIVE DELIVERY MONTH AFTER AUGUST IS SEPT AND HERE THE OI FELL BY 2921 CONTRACTS DOWN TO 158,504 CONTRACTS.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 61 notice(s) filed for 305,000 OZ for the JULY, 2019 COMEX contract for silver
Trading Volumes on the COMEX TODAY: 269,557 CONTRACTS
CONFIRMED COMEX VOL. FOR YESTERDAY: 594,772 contracts
INITIAL standings for JULY/GOLD
JULY 22/2019
we had 0 dealer entry:
We had 1 kilobar entries
total dealer deposits: nil oz
total dealer withdrawals: nil oz
we had 0 deposit into the customer account
i) Into JPMorgan: nil oz
ii) Into everybody else: zero
total gold deposits: nil oz
very little gold arrives from outside/ a zero amount arrived today
we had 1 gold withdrawal from the customer account:
i) out of Manfra: 32.15 oz
total gold withdrawals; 32.15 oz
i) we had 0 adjustment today
FOR THE JULY 2019 CONTRACT MONTH)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 19 contract(s) of which 1 notices were stopped (received) by j.P. Morgan dealer and 7 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account and 0 notices by the squid (Goldman Sachs)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the INITIAL total number of gold ounces standing for the JULY /2019. contract month, we take the total number of notices filed so far for the month (940) x 100 oz , to which we add the difference between the open interest for the front month of JULY. (27 contract) minus the number of notices served upon today (19 x 100 oz per contract) equals 94,800 OZ OR 2.9486 TONNES) the number of ounces standing in this NON active month of JULY
Thus the INITIAL standings for gold for the JULY/2019 contract month:
No of notices served (940 x 100 oz) + (27)OI for the front month minus the number of notices served upon today (19 x 100 oz )which equals 94,800 oz standing OR 2.9486 TONNES in this NON active delivery month of JULY.
We GAINED 5 contracts or an additional 500 oz will stand as these guys refused to morph into London based forwards as well as negating a fiat bonus.
SURPRISINGLY LITTLE TO NO GOLD HAS BEEN ENTERING THE COMEX VAULTS AND WE HAVE WITNESSED THIS FOR THE PAST YEAR!! WE HAVE ONLY 10.0438 TONNES OF REGISTERED ( GOLD OFFERED FOR SALE) VS 2.9486 TONNES OF GOLD STANDING// THEY SEEM TO BE USING CONSIDERABLE GOLD VAPOUR TO SETTLE UPON UNSUSPECTING LONGS.
total registered or dealer gold: 322,825.827 oz or 10.0412 tonnestotal registered and eligible (customer) gold; 7,749,866.449 oz 241.053 tonnes
IN THE LAST 33 MONTHS 115 NET TONNES HAS LEFT THE COMEX.
THE GOLD COMEX IS NOW IN STRESS AS1. GOLD IS LEAVING THE COMEX 2. GOLD IS LEAVING THE REGISTERED CATEGORY OF THE COMEX.
end
And now for silver
AND NOW THE DELIVERY MONTH OF JULY
INITIAL standings/SILVER
IN TOTAL CONTRAST TO GOLD, HUGE ACTIVITY IN SILVER TODAY.JULY 22 2019
**
wow!! this is probably the first time since inception that the silver comex has no transactions
no silver deposit, no silver withdrawal and no adjustments.
silver must now be very scarce in NY
we had 0 inventory movement at the dealer side of things
total dealer deposits: nil oz
total dealer withdrawals: nil oz
we had 0 deposits into the customer account
into JPMorgan: nil oz
ii)into everybody else: zero
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 153.4 million oz of total silver inventory or 50.36% of all official comex silver. (153.4 million/304.6 million
total customer deposits today: nil oz
we had 0 withdrawals out of the customer account:
total nil oz
we had 0 adjustment :
total dealer silver: 93.110 million
total dealer + customer silver: 307.104 million oz
The total number of notices filed today for the JULY 2019. contract month is represented by 61 contract(s) FOR 305,000 oz
To calculate the number of silver ounces that will stand for delivery in JULY, we take the total number of notices filed for the month so far at 4009 x 5,000 oz = 20,045,000 oz to which we add the difference between the open interest for the front month of JULY. (322) and the number of notices served upon today (61 x 5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the JULY/2019 contract month: 4009 (notices served so far) x 5000 oz + OI for front month of JULY (322) number of notices served upon today (61)x 5000 oz equals 21,350,000 oz of silver standing for the JULY contract month.
WE GAINED 61 CONTRACTS OR AN ADDITIONAL 305,000 OZ WILL STAND AT THE COMEX AS THESE GUYS REFUSED TO MORPH INTO A LONDON BASED FORWARDS AND AS WELL THEY ALSO NEGATED A FIAT BONUS. SOMEBODY WAS BADLY IN NEED OF PHYSICAL METAL (BOTH GOLD AND SILVER) ON THIS SIDE OF POND TODAY.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 15 notice(s) filed for 75,000 OZ for the JULY, 2019 COMEX contract for silver
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
TODAY'S ESTIMATED SILVER VOLUME: 94,492 CONTRACTS (we had considerable spreading activity..accumulation
CONFIRMED VOLUME FOR YESTERDAY: 185,501 CONTRACTS..
YESTERDAY'S CONFIRMED VOLUME OF 185,501 CONTRACTS EQUATES to 927 million OZ 132.2% OF ANNUAL GLOBAL PRODUCTION OF SILVER..makes sense!!
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 $18.42The previous record was 224,540 contracts with the price at that time of $20.44
end
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
NPV for Sprott
1. Sprott silver fund (PSLV): NAV RISES TO -0.75.% ((JULY 22/2019)2. Sprott gold fund (PHYS): premium to NAV RISES TO -1.03% to NAV (JULY 18/2019 )Note: Sprott silver trust back into NEGATIVE territory at -0.75%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 14.18 TRADING 13.77/DISCOUNT 2.90
END
And now the Gold inventory at the GLD/
JULY 22/WITH GOLD UP 0.80 CENTS: TWO MASSIVE PAPER GOLD DEPOSIT OF 5.87 TONNES AND 4.69 TONNES ADDED TO THE GLD..THIS IS A MASSIVE FRAUD!!/INVENTORY RESTS AT 825.18 TONNES
JULY 19/WITH GOLD DOWN $1.00: A MASSIVE DEPOSIT OF 11.44 TONNES OF PAPER GOLD INTO THE GLD/INVENTORY RESTS AT 814.62
JULY 18/WITH GOLD UP $5.55 TODAY: A BIG PAPER DEPOSIT OF 3.81 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 803.18 TONNES
JULY 17/WITH GOLD UP $11.35 TODAY: A BIG WITHDRAWAL OF 1.17 TONNES FROM THE GLD//INVENTORY RESTS AT 799.37 TONNES
JULY 16: WITH GOLD DOWN $2.15 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.54 TONNES
JULY 15: WITH GOLD UP $1.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.54 TONNES
JULY 12/WITH GOLD UP $5.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.54 TONNES
JULY 11.WITH GOLD DOWN $5.25: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 800.54 TONNES
JULY 10//WITH GOLD UP $11.65 A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER GOLD DEPOSIT OF 6.46 TONNES/INVENTORY RESTS AT 800.54 TONNES
JULY 9/WITH GOLD UP 70 CENTS, A HUGE PAPER WITHDRAWAL OF 2.89 TONNES WHICH WAS USED IN THE FUTILE RAID ON GOLD AND SILVER THIS MORNING//INVENTORY RESTS AT 794.08 TONNES
JULY 8/ WITH GOLD DOWN 35 CENTS A HUGE WITHDRAWAL OF 1.47 TONNES FROM THE GLD/INVENTORY FALLS TO 796.97 TONNES
JULY 5TH/WITH GOLD DOWN $19.50/NO CHANGES IN GOLD INVENTORY AT THE GLD//INV RESTS AT 798.44 TONNES
JULY 3// WITH GOLD UP $12.60 TODAY A SURPRISE WITHDRAWAL OF 1.76 TONNES FROM THE GLD//INVENTORY RESTS AT 798.44
JULY 2. WITH GOLD UP $18.90 A HUGE "PAPER" DEPOSIT OF 6.16 TONNES INTO THE GLD/INVENTORY RESTS AT 800.20 TONNES
JULY 1: WITH GOLD DOWN $24.70 A HUGE "PAPER GOLD" WITHDRAWAL OF 1.76 TONNES FROM THE GLD/INVENTORY RESTS TONIGHT AT 794.04 TONNES
JUNE 28/WITH GOLD UP $.90 TODAY: ANOTHER 2.05 TONNES OF PAPER GOLD REMOVED AND THIS GOLD WAS USED IN ATTACKING GOLD AT THE COMEX/INVENTORY RESTS AT 795.80 TONNES
JUNE 27/WITH GOLD DOWN $6.10: ANOTHER HUGE WITHDRAWAL OF 1.76 PAPER TONNES FROM THE GLD INVENTORY/INVENTORY RESTS AT 797.61 TONNES
JUNE 26/WITH GOLD DOWN $3.00: WE HAD A HUGE WITHDRAWAL OF 2.37 TONNES FROM THE GLD/INVENTORY RESTS AT 799.61 TONNES
JUNE 25/WITH GOLD UP $1.30 (AND WAY UP BEFORE THE BANKERS WHACKED) WE WITNESSED ANOTHER 1.95 TONNES OF PAPER GOLD ADDED TO THE GLD INVENTORY//INVENTORY RESTS AT 801.98 TONNES
JUNE 24/WITH GOLD UP $18.00 A MONSTROUS PAPER DEPOSIT OF 34.93 TONNES/INVENTORY RESTS AT 799.03 TONNES
JUNE 21/WITH GOLD UP $ 2.90, NO CHANGE IN GOLD INVENTORY: INVENTORY RESTS AT: 764.10 TONNES
June 20/WITH GOLD UP $47.95, NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 764.10 TONNES
JUNE 19 WITH GOLD DOWN $1.65: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 764.10 TONES
JUNE 18/JUNE 18/WITH GOLD UP $7.60: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 764.10 TONNES
JUNE 17/WITH GOLD DOWN $1.65 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 764.10 TONNES
JUNE 14/ WITH GOLD UP $1.05 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 4.40 TONNES OF PAPER GOLD INTO THE GLD///INVENTORY RESTS AT 764.10 TONNES
JUNE 13/WITH GOLD UP $6.60 TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.52 TONNES INTO THE GLD INVENTORY/INVENTORY RESTS AT 759.70 TONNES
JUNE 12/WITH GOLD UP $7.50 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 756.18 TONNES
JUNE 11/WITH GOLD UP $1.65 CENTS TODAY: A TINY CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .24 TONNES AND THIS IS TO PAY FOR FEES/INVENTORY RESTS AT 756.18 TONNES
JUNE 10/WITH GOLD DOWN $16.40 TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.17 TONNES/INVENTORY RESTS AT 756.42 TONNES
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
JULY 22/2019/ Inventory rests tonight at 824.18 tonnes
*IN LAST 627 TRADING DAYS: 109.58 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 527 TRADING DAYS: A NET 56.10 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.
end
Now the SLV Inventory/
JULY 22.2019/WITH SILVER UP 21 CENTS TODAY: A MASSIVE CHANGES IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 8.939 MILLION OZ ADDED TO THE SLV INVENTORY/INVENTORY RESTS AT 355.919 MILLION OZ//
JULY 19/WITH SILVER FLAT TODAY: ANOTHER MONSTROUS PAPER DEPOSIT OF 3.276 MILLION OZ ENTERS THE SLV//WHAT A MASSIVE FRAUD//INVENTORY RESTS AT 346.980 MILLION OZ
JULY 18/WITH SILVER UP 24 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 2.668 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 343.704 MILLION OZ//
JULY 17: WITH SILVER UP ANOTHER 29 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 8.518 MILLION OZ/INTO THE SLV INVENTORY///INVENTORY RESTS AT 341.036 MILLION OZ//
JULY 16: WITH SILVER UP 31 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.518 MILLION OZ
JULY: 15 WITH SILVER UP 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.518 MILLION OZ
JULY 12/WITH SILVER UP 10 CENTS: NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 332.518 MILLION OZ//
JULY 11/NO CHANGE IN SILVER INVENTORY
JULY 10/WITH SILVER UP 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.518 MILLION OZ//
JULY 9/WITH SILVER UP A SMALL 7 CENTS A GIGANTIC INVENTORY GAIN OF 4.026 MILLION OZ/ INVENTORY RESTS AT 332.518 MILLION OZ AND NOW IT SHOULD BE QUITE CLEAR THAT THE SLV ( AND GLD ARE FRAUDS)
JULY 8/WITH SILVER UP 7 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 328,492 MILLION OZ
JULY 5/WITH SILVER DOWN 32 CENTS WE STRANGELY HAD A HUGE INVENTORY GAIN OF 2,234 MILLION OZ//INVENTORY RESTS AT 328.492 MILLION OZ
JULY 3 WITH SILVER UP 10 CENTS A HUGE INCREASE IN INVENTORY..INVENTORY RESTS AT 326.151 MILLION OZ
JULY 2/WITH SILVER UP 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY/INVENTORY RESTS AT 323.330 MILLION OZ//
JULY 1/ WITH SILVER DOWN 16 CENTS: A SURPRISING DEPOSIT OF 936,000 OZ INTO THE SLV/INVENTORY RESTS TONIGHT AT 323.330 MILLION OZ/
JUNE 28/WITH SILVER UP 6 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 322.394 MILLION OZ//
JUNE 27/WITH SILVER DOWN 7 CENTS: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.575 MILLION OZ INTO THE SLV/INVENTORY RESTS AT 322.394 MILLION OZ//
JUNE 26/WITH SILVER UP 17 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.819 MILLION OZ/
JUNE 25/WITH SILVER DOWN 25 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.819 MILLION OZ.
JUNE 24/WITH SILVER UP 11 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.819 MILLION OZ//
JUNE 21/WITH SILVER DOWN 22 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.819 MILLION OZ//
JUNE 20/WITH SILVER UP 53 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.819 MILLION OZ/
JUNE 19/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 319.070 MILLION OZ/
JUNE 18 WITH SILVER UP 18 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 319.070 MILLION OZ
JUNE 17/WITH SILVER UP XXX CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.775 MILLION OZ//
JUNE 14/WITH SILVER DOWN 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.775 MILLION OZ/
JUNE 13/WITH SILVER UP 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.775 MILLION OZ/
JUNE 12/WITH SILVER UP 4 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.413 MILLION OZ INTO THE SLV INVENTORY/INVENTORY RESTS AT 316.775 MILLION OZ/
JUNE 11/WITH SILVER UP 10 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 315.652 MILLION OZ//
JUNE 10/WITH SILVER DOWN 38 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 315.652 MILLION OZ//
JULY 22/2019:
Inventory 355.919 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
YOUR DATA.....
6 Month MM GOFO 2.23/ and libor 6 month duration 2.14
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: - .09
XXXXXXXX
12 Month MM GOFO+ 2.16%
LIBOR FOR 12 MONTH DURATION: 2.15
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = -.01
end
end