Harvey Organ: 39.77% Of Global Silver Production Has Been Transferred From Comex To London Just This Month
Harvey says were fast closing in on the 'Exchange for Physical' record setting month of April. Here's the details...
by Harvey Organ of Harvey Organ Blog
JUNE 27/HUGE CHANGES IN THE GLD IN ONE DAY: FIRST A DEPOSIT OF 4.42 TONNES AND THEN A WITHDRAWAL OF 2.94 TONNES/NO CHANGE IN SILVER INVENTORY AT THE SLV/GOLD WHACKED AGAIN DOWN $3.60 TO $1254.60 WITH SILVER DOWN ANOTHER 8 CENTS TO $16.18 AS OPTIONS EXPIRY FOR OTC/LONDON ENDS THIS FRIDAY/THE LEFT GO ON A RAMPAGE AS SUPREME COURT JUSTICE KENNEDY IS RETIRING: HE IS A MODERATE ON THE BENCH/CHINESE YUAN DEVALUES AGAIN TO 6.61 TO THE DOLLAR/DEUTSCHE BANK'S STOCK FALLS BELOW 9 EUROS FOR THE FIRST TIME AS INVESTORS ARE BAILING/IN SWAMP NEWS, REPUBLICANS DEMAND DOCUMENTS OR IF NOT COMING THEN ROSENSTEIN WILL BE IMPEACHED/
GOLD: $1254.60 DOWN $3.60(COMEX TO COMEX CLOSINGS)
Silver: $16.18 DOWN 8 CENTS (COMEX TO COMEX CLOSINGS)
Closing access prices:
Gold $1252.05
silver: $16.07
ON JUNE 29 OPTIONS, FOR OTIC/LONDON GOLD EXPIRE SO EXPECT CONTINUAL WHACKING OF GOLD UNTIL FRIDAY NIGHT.
For comex gold:
JUNE/
NUMBER OF NOTICES FILED TODAY FOR JUNE CONTRACT:40 NOTICE(S) FOR 4000 OZ
TOTAL NOTICES SO FAR 6890 FOR 689000 OZ (21.430 tonnes)
For silver:
JUNE
0 NOTICE(S) FILED TODAY FOR
nil OZ/
Total number of notices filed so far this month: 1076 for 5,380,000 oz
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Bitcoin: BID $6059/OFFER $6145: DOWN $54(morning)
Bitcoin: BID/ $6076/offer $6161: DOWN $38 (CLOSING/5 PM)
end
First Shanghai gold fix comes at 10 pm est
The second Shanghai gold fix: 2:15 pm
First Shanghai gold fix gold: 10 pm est: 1259.14
NY price at the same time: 1255.05
PREMIUM TO NY SPOT: $4.09
Second gold fix early this morning: 1258.45
USA gold at the exact same time:1256.45
PREMIUM TO NY SPOT: $2.00
AGAIN, SHANGHAI REJECTS NEW YORK PRICING.
WE WILL NOT PROVIDE LONDON FIXES AS THEY ARE NOT ACCURATE AS TO WHAT IS GOING ON AT THE SAME TIME FRAME.
Let us have a look at the data for today
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In silver, the total OPEN INTEREST FELL BY A CONSIDERABLE 2488 CONTRACTS FROM 220,905 DOWN TO 218,492 WITH YESTERDAY'S 8 CENT LOSS IN SILVER PRICING. HOWEVER AS WE ARE NOW WELL INTO THE NON ACTIVE DELIVERY MONTH OF JUNE WE CONTINUE TO WITNESS LONGS PACK THEIR BAGS AND MIGRATE OVER TO LONDON IN GREATER NUMBERS. WE WERE NOTIFIED THAT WE HAD A GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP: 802 EFP'S FOR JULY, 544 EFP'S FOR SEPT. , 0 EFP'S FOR DECEMBER AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE: OF 1346 CONTRACTS. WITH THE TRANSFER OF 1346 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 1346 EFP CONTRACTS TRANSLATES INTO 6.73 MILLION OZ ACCOMPANYING:
1.THE 8 CENT LOSS IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES STANDING FOR JUNE COMEX DELIVERY. (5.405 MILLION OZ) DESPITE IT BEING A NON ACTIVE DELIVERY MONTH.
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JUNE:
59,910 CONTRACTS (FOR 19 TRADING DAYS TOTAL 59,910 CONTRACTS) OR 299.55 MILLION OZ: (AVERAGE PER DAY: 3153 CONTRACTS OR 15.76 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH: 299.55* MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 39.77% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)* WE HAVE ALREADY PASSED LAST MONTH AND CLOSING IN ON THE RECORD MONTH OF APRIL/2018.
ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP'S: 1,615.67 MILLION OZ.
ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ
ACCUMULATION FOR FEB 2018: 244.95 MILLION OZ
ACCUMULATION FOR MARCH 2018: 236.67 MILLION OZ
ACCUMULATION FOR APRIL 2018: 385.75 MILLION OZ
ACCUMULATION FOR MAY 2018: 210.05 MILLION OZ
RESULT: WE HAD A CONSIDERABLE SIZED DECREASE IN COMEX OI SILVER COMEX OF 2488 DESPITE THE 8 CENT LOSS IN SILVER PRICE. WE HAVE NOW ENTERED THE NEW NON ACTIVE MONTH OF JUNE AND THE CME NOTIFIED US THAT IN FACT WE HAD A GOOD SIZED EFP ISSUANCE OF 1346 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) . FROM THE CME DATA: 802 EFP CONTRACTS FOR JULY, 544 EFP'S FOR SEPT, 0 EFP'S FOR DECEMBER AND ZERO FOR ALL OVER MONTHS FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS (TOTAL: 1346). TODAY WE LOST AN GOOD: 1142 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: i.e.1346 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH AN DECREASE OF 2488 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 8 CENT LOSS IN PRICE OF SILVER AND A CLOSING PRICE OF $16.25 WITH RESPECT TO YESTERDAY'S TRADING. YET WE STILL HAVE A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY IN THIS NON ACTIVE JUNE DELIVERY MONTH. IT SURE LOOKS LIKE A FAILED BANKER SHORT COVERING EXERCISE!!
In ounces AT THE COMEX, the OI is still represented by OVER 1 BILLION oz i.e. 1.110 MILLION OZ TO BE EXACT or 158% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT JUNE MONTH/ THEY FILED AT THE COMEX: 0 NOTICE(S) FOR NIL OZ OF SILVER
IN SILVER, WE HAVE NOW SET THE NEW RECORD OF OPEN INTEREST AT 243,411 AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51 ON APRIL 9.2018.
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 AND MAY: 36.285 MILLION OZ /AND JUNE/2018 (5.405 MILLION OZ SO FAR)HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018HUGE 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/ (FINAL)AND 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 open interest FELL BY A LARGE 6325 CONTRACTS DOWN TO 468,573 WITH THE FALL IN THE GOLD PRICE/YESTERDAY'S TRADING (A DROP IN PRICE OF $9.10). WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF JUNE. NO DOUBT THE BOYS ARE CASHING IN THEIR COMEX LONGS TO BEGIN THE PROCESS TO MOVE INTO LONDON FORWARDS. THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 9008 CONTRACTS : JUNE SAW THE ISSUANCE OF 0 CONTRACTS , AND AUGUST SAW THE ISSUANCE OF: 9008 CONTRACTS WITH ALL OTHER MONTHS ZERO. The new OI for the gold complex rests at 468,573. 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 GIGANTIC OI GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES: 6325 OI CONTRACTS DECREASED AT THE COMEX AND A STRONG SIZED 9008 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN: 2683 CONTRACTS OR 268300 OZ = 8.34 TONNES. AND STRANGELY ALL OF THIS DEMAND OCCURRED WITH A FALL IN THE PRICE OF GOLD TO THE TUNE OF $9.10.???
YESTERDAY, WE HAD 9375 EFP'S ISSUED.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MAY : 201,985 CONTRACTS OR 20,198,500 OZ OR 628.258 TONNES (19 TRADING DAYS AND THUS AVERAGING: 10,630 EFP CONTRACTS PER TRADING DAY OR 1,063,000 OZ/ TRADING DAY),,
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 19 TRADING DAYS IN TONNES: 628.26 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 628,26/2550 x 100% TONNES = 24.63% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JUNE ALONE.***
ACCUMULATION OF GOLD EFP'S YEAR 2018 TO DATE: 4,080.07* TONNES *SURPASSED ANNUAL PROD'N
ACCUMULATION OF GOLD EFP'S FOR JANUARY 2018: 653.22 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR FEBRUARY 2018: 649.45 TONNES (20 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR MARCH 2018: 741.89 TONNES (22 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR APRIL 2018: 713.84 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR MAY 2018: 693.80 TONNES ( 22 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR JUNE 2018 (21 TRADING DAYS)
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 CONSIDERABLE SIZED DECREASE IN OI AT THE COMEX OF 6325 WITH THE $9.10 DROP IN PRICING GOLD TOOK YESTERDAY // . WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 9008 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 9008 EFP CONTRACTS ISSUED, WE HAD AN ATMOSPHERIC NET GAIN OF 2683 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
9008 CONTRACTS MOVE TO LONDON AND 6325 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 8.34 TONNES). ..AND BELIEVE IT OR NOT BUT ALL OF THIS DEMAND OCCURRED WITH A FALL OF $9.10 IN TRADING!!!. AT THE COMEX. THE COMEX IS AN OUTRIGHT FRAUD
we had: 40 notice(s) filed upon for 4000 oz of gold at the comex.
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With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD DOWN $3.60 TODAY: / TWO HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 4.42 TONNES FROM THE GLD INVENTORY/ AND THEN A WITHDRAWAL OF 2.94 TONNES
/GLD INVENTORY 821.69 TONNES
Inventory rests tonight: 821.69 tonnes.
SLV/
WITH SILVER DOWN 8 CENTS TODAY /ANOTHER HUGE CHANGE IN THE SILVER: A WITHDRAWAL OF 941,000 OZ/ STRANGE!! YESTERDAY THEY ADDED THE EXACT SAME 941,000 OZ!!! WHAT CROOKS
/INVENTORY RESTS AT 319.360 MILLION OZ/
Let us head over to the comex:
The total gold comex open interest FELL BY A CONSIDERABLE SIZED 6325 CONTRACTS UP to an OI level 468,573 WITH THE FALL IN THE PRICE OF GOLD ($9.10 LOSS/ YESTERDAY'S TRADING). FOR TWO YEARS STRAIGHT WE HAVE NOTICED THAT ONE WEEK PRIOR TO FIRST DAY NOTICE OF AN ACTIVE DELIVERY MONTH THE COMEX OPEN INTEREST CONTRACTS AND EFP'S NOTICES EXPONENTIALLY INCREASE. THE CME REPORTS THAT THE BANKERS ISSUED A GOOD COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 9008 CONTRACTS WERE ISSUED:
FOR AUGUST 9008 CONTRACTS AND ZERO FOR ALL OTHER MONTHS:
TOTAL 9008 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 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: 2,683 OI TOTAL CONTRACTS IN THAT 9008 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST 6325 COMEX CONTRACTS.
NET GAIN ON THE TWO EXCHANGES: 2683 contracts OR 2683 OZ OR 8.34 TONNES.
Result: A CONSIDERABLE SIZED DECREASE IN COMEX OPEN INTEREST WITH THE DROP IN PRICE/YESTERDAY (ENDING UP WITH A FALL IN PRICE OF $9.10). THE TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 2683 OI CONTRACTS..
We have now entered the active contract month of JUNE where we LOST 26 contracts and that leaves us with 82 contracts We had 14 notices filed upon yesterday so we LOST 12 CONTRACTS OR AN ADDITIONAL 1200 OZ WILL NOT STAND TO DELIVERY AT THE COMEX AS THOSE STANDING FOR DELIVERY MORPHED INTO LONDON BASED EFPS WITH THE ADDITIONAL SWEETENERS BEING OFFERED BY THE BANKERS
.JULY saw a LOSS OF 198 contracts to stand at 881. The next big delivery month after June is August and here the OI FELL BY 8285 contracts DOWN to 330,866.
AFTER AUGUST, THE NEXT ACTIVE DELIVERY MONTH IS OCTOBER AND HERE THE OI ROSE BY 322 CONTRACTS UP TO 14,077 CONTRACTS.
FOR COMPARISON: ON JUNE 27/2017 WE HAD 644 OPEN INTEREST CONTRACTS STILL STANDING FOR THE JULY CONTRACT MONTH. VS JUNE 27/2018 AT 881. THERE ARE NOW ONLY 2 DAYS LEFT BEFORE FIRST DAY NOTICE, JUNE 29.2018 AND THIS COMPARES EXACTLY WITH LAST YEAR HAVING 3 DAYS LEFT BEFORE ITS FIRST DAY NOTICE ON JUNE 30/2017. WE ARE GOING TO HAVE A GOOD AMOUNT OF GOLD STANDING IN THE NON ACTIVE JULY 2018 CONTRACT MONTH.
ON JUNE 28/2017 WE HAD 449 OPEN INTEREST CONTRACTS WITH TWO DAYS TO GO AND THAT COMPARES WITH 881 CONTRACTS WITH TWO DAYS TO GO BEFORE FDN.
ON FIRST DAY NOTICE FOR THE JULY/2017 COMEX GOLD CONTRACT WE HAD A TINY 14,600 OZ OF GOLD (.4544 TONNES) INITIALLY STAND FOR DELIVERY. BY MONTH END JULY WE HAD SOME QUEUE JUMPING AND THE FINAL NUMBER STANDING: 17,600 OZ OR .5974 TONNES.
We had 40 notice(s) filed upon today for 4000 oz at the comex for the June 2018 contract month.
Trading Volumes on the COMEX
PRELIMINARY COMEX VOLUME FOR TODAY: 240,145 contracts
CONFIRMED COMEX VOL. FOR YESTERDAY: 262,236 contracts
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And now for the wild silver comex results.
Total silver OI FELL BY A CONSIDERABLE SIZED 2488 CONTRACTS FROM 220,980 DOWN TO 218,492 (AND A LITTLE FURTHER FROM THE THE NEW RECORD OI FOR SILVER SET APRIL 9.2018/ 243,411 CONTRACTS) DESPITE THE 8 CENT LOSS IN SILVER PRICING/ YESTERDAY. SINCE WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF JUNE, WE WERE INFORMED THAT WE HAD A GOOD SIZED 802 EFP CONTRACT ISSUANCE FOR JULY, 544 EFP CONTRACTS FOR SEPT., 0 EFPCONTRACTS FOR DECEMBER AND ZERO FOR ALL OTHER MONTHS. THESE EFPS WERE ISSUED TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THE TOTAL EFP'S ISSUED: 1346. ON A NET BASIS WE LOST 1142 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED A 2488 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 1346 OI CONTRACTS NAVIGATING OVER TO LONDON.
NET LOSS ON THE TWO EXCHANGES: 1142 CONTRACTS
AMOUNT STANDING FOR SILVER AT THE COMEX
We are now in the NON active delivery month of JUNE and here the front month ROSE BY 4 contracts RISING TO 5 contracts. We had 0 notices filed upon yesterday so we gained 4 contracts or an additional 20,000 oz will stand in this non active delivery month of June AS TODAY SOMEBODY WAS IN URGENT NEED OF PHYSICAL ON THIS SIDE OF THE POND
The next big active delivery month for silver is July and here the OI LOST 14,911 contracts DOWN to 39,272. The next delivery month is August and here we GAINED 123 contracts to stand at 811 The next active delivery month after August for silver is September and here the OI ROSE by 11,053 contracts UP to 137,918
FOR COMPARISON AT THIS TIME IN THE DELIVERY CYCLE, JUNE 27.2017, FOR SILVER, WE HAD 40,677 OPEN INTEREST CONTACTS STILL STANDING.VS 39,272 TODAY. LAST YEAR AT THIS TIME WE HAD 3 MORE TRADING DAYS LEFT BEFORE FIRST DAY NOTICE (JUNE 27-JUNE 30), THIS YEAR WE HAVE 2 MORE TRADING DAYS BEFORE FDN (JUNE 26-29).
ON JUNE 28/2017 WE HAD 25,397 CONTRACTS OUTSTANDING VS 39,272 WITH THE EXACT NUMBER OF DAYS LEFT BEFORE FDN I.E. TWO TRADING DAYS.WE NO DOUBT WILL HAVE A DOOZY AMOUNT OF SILVER OZ STANDING FOR THE HUGE JULY CONTRACT MONTH
FROM LAST YEARS DATA, ON FIRST DATE NOTICE FOR THE JULY 2017 COMEX DELIVERY MONTH WE HAD 12.115 MILLION OZ OF SILVER STANDING FOR DELIVERY. AT MONTH'S END WE HAD 16.435MILLION OZ EVENTUALLY STAND AS WE ALREADY HAD QUEUE JUMPING BEGIN IN EARNEST FROM APRIL 2017 ONWARD EVEN TO TODAY.
We had 0 notice(s) filed for NIL OZ for the JUNE 2018 COMEX contract for silver
INITIAL standings for JUNE/GOLD
JUNE 27/2018.
For JUNE:
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 40 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo 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 (6890) x 100 oz or 689,000 oz, to which we add the difference between the open interest for the front month of JUNE. (82 contracts) minus the number of notices served upon today (40 x 100 oz per contract) equals 693,200 oz, the number of ounces standing in this active month of JUNE (21.561 tonnes)
Thus the INITIAL standings for gold for the JUNE contract month:
No of notices served (6890 x 100 oz) + {(182)OI for the front month minus the number of notices served upon today (40 x 100 oz )which equals 693,200 oz standing in this active delivery month of JUNE .
FOR COMPARISON:
FOR THE JUNE/2017 CONTRACT INITIALLY 19.95 TONNES STOOD FOR DELIVERY. AT THE END OF JUNE/2017: 9.176 TONNES STOOD AND THE REST MORPHED INTO LONDON BASED FORWARDS.
FOR THE COMEX JUNE 2018 CONTRACT MONTH:
WE LOST A SMALL 12 CONTRACTS OR AN ADDITIONAL 1200 OZ WILL NOT STAND FOR DELIVERY AS THESE GUYS MORPHED INTO LONDON BASED FORWARDS AND RECEIVED AN ADDITIONAL SWEETENER FOR THEIR EFFORT..
THERE ARE ONLY 7.4177 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY AGAINST 21.561 TONNES STANDING WHICH IS MAKING THIS JUNE CONTRACT MONTH AN EXTREMELY INTERESTING ONE TO WATCH.
WE HAVE HAD 3 ADJUSTMENTS FROM DEALER TO THE CUSTOMER ACCOUNT SO FAR THIS MONTH AND THAT USUALLY MEANS A SETTLEMENT:
I) 5.90 TONNES (TWO WEEKS AGO)
II) 7.9 TONNES (3 DAYS AGO)
III) .56 TONNES (TWO DAYS AGO)
IV) ZERO (FRIDAY/JUNE 22)
v) ZERO (jUNE 25)
vi) zero (June 26)
vii) zero (June 27)
TOTAL: 14.36 TONNES HAVE BEEN SETTLED AGAINST THE 21.561TONNES STANDING.
total registered or dealer gold: 238,481.870 oz or 7.4177 tonnestotal registered and eligible (customer) gold; 8,792,733.209 oz 273.49 tonnes
IN THE LAST 18 MONTHS 81 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE APRIL DELIVERY MONTH
JUNE INITIAL standings/SILVER
we had 0 inventory movement at the dealer side of things
total dealer deposits: nil oz
we had 0 deposits into the customer account
i) Into JPMorgan: NIL oz
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 141 million oz of total silver inventory or 52.0% of all official comex silver. (141 million/270 million)
ii) Into everybody else: 0
total customer deposits today: nil oz
we had 1 withdrawals from the customer account;
i) Out of Scotia: 106,913.17.oz
total withdrawals: 106,913.17 oz
we had 0 adjustment/
total dealer silver: 69.384 million
total dealer + customer silver: 275.290 million oz
The total number of notices filed today for the JUNE. contract month is represented by 0 contract(s) FOR NIL 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 1076 x 5,000 oz = 5,380,000 oz to which we add the difference between the open interest for the front month of JUNE. (5) 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 JUNE/2018 contract month: 1076(notices served so far)x 5000 oz + OI for front month of JUNE(5) -number of notices served upon today (0)x 5000 oz equals 5,405,000 oz of silver standing for the JUNE contract month
PLEASE NOTE THE FOLLOWING FOR COMPARISON PURPOSES:
WITH THE JUNE 27/2017 READING HAD 40,677 CONTRACTS STANDING SO FAR FOR THE JULY 2017 DELIVERY MONTH (WHICH WILL ALWAYS BE A VERY VERY ACTIVE MONTH/3 DAYS LEFT BEFORE FDN) VS.39,272 OUTSTANDING TODAY/JUNE 27.2018 (2 DAYS LEFT BEFORE FDN).
AT THE CONCLUSION OF JUNE 2017: 4.92 MILLION OZ FINALLY STOOD (INITIALLY 1.98 MILLION OZ STOOD FOR DELIVERY/ JUNE 1) AS QUEUE JUMPING STARTED IN EARNEST AND THROUGHOUT THE ENSUING YEAR IT CONTINUED WITH RECKLESS ABANDON INCLUDING WHAT YOU ARE WITNESSING TODAY.THIS IS COMPARED TO TODAY'S AMOUNT STANDING: 5.405 MILLION OZ.(INITIAL STANDING JUNE 1/2018 WAS 1.780 MILLION OZ)
FOR THE JUNE 2018 CONTRACT MONTH:
We gained 5 contracts or an additional 25,000 oz will stand in this non active delivery month of June as nobody was in urgent need of silver today. IN SILVER QUEUE JUMPING HAS BEEN THE NORM FOR OVER A YEAR. IT LOOKS LIKE GOLD IS TAKING A HOLIDAY FROM THIS SAME PHENOMENON...
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ESTIMATED VOLUME FOR TODAY: 150,612 CONTRACTS
CONFIRMED VOLUME FOR YESTERDAY: 139,685 CONTRACTS absolutely criminal
YESTERDAY'S CONFIRMED VOLUME OF 139,685 CONTRACTS EQUATES TO 698 million OZ OR 99.7% OF ANNUAL GLOBAL PRODUCTION OF SILVER
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
NPV for Sprott
1. Sprott silver fund (PSLV): NAV FALLS TO -4.11% (JUNE 27/2018)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -0.57% to NAV (JUNE 27/2018 )Note: Sprott silver trust back into NEGATIVE territory at -4.11%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA): NAV FALLS TO -3.53%: NAV 13.21/TRADING 12.80//DISCOUNT 3.53.
END
And now the Gold inventory at the GLD/
June 27/WITH GOLD DOWN $3.60// TWO ENTRIES:/STRANGELY THE CROOKS RETURNED THE WITHDRAWAL OF 4.42 TONNES LAST NIGHT (THUS WE HAD A DEPOSIT OF 4.42 TONNES/INVENTORY RESTS AT 824.63 TONNES. /THEN LATE THIS AFTERNOON A WITHDRAWAL OF 2.94 TONNES
INVENTORY RESTS AT 821.69 TONNES/THIS VEHICLE IS AN OUTRIGHT FRAUD.
june 26/LATE LAST NIGHT, WITH GOLD DOWN $9.10 WE HAD A HUGE WITHDRAWAL OF 4.42 TONNES OF GOLD/INVENTORY RESTS AT 820.21 TONES
JUNE 25/WITH GOLD DOWN $1.45/NO CHANGE IN GOLD INVENTORY AT THE GLD.INVENTORY RESTS AT 824.63 TONNES
JUNE 22/WITH GOLD UP 25 CENTS TODAY, THE CROOKS WITHDREW A MASSIVE 4.13 TONNES OF GOLD/INVENTORY RESTS AT 824.63 TONNES
JUNE 21/WITH GOLD DOWN $4.00/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.76 TONNES
JUNE 20/WITH GOLD DOWN $3.55/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.76 TONNES
JUNE 19/WITH GOLD DOWN $1.50/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.76 TONES
JUNE 18/WITH GOLD UP $1.90/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.76 TONNES
JUNE 15/WITH GOLD DOWN $28.90/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.76 TONNES
JUNE 14/WITH GOLD UP $7.10/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.76 TONNES/
JUNE 13/WITH GOLD UP $2.20/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.76 TONNES
JUNE 12/WITH GOLD DOWN $4.75:NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.76 TONNES
JUNE 11/WITH GOLD UP 65 CENTS/THE CROOKS RAIDED THE COOKIE JAR FOR 3.83 TONNES/INVENTORY RESTS AT 828.76 TONNES
JUNE 8/WITH GOLD DOWN 10 CENTS/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 832.59 TONNES./
JUNE 7/WITH GOLD UP $1.45, THE CROOKS DECIDED TO RAID AGAIN THE GLD GOLD COOKIE JAR TO THE TUNE OF 3.54 TONNES/GOLD INVENTORY LOWERS TO 832.59 TONNES
JUNE 6/WITH GOLD UP $1.30 TODAY, WE HAD NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 836.13 TONNES
JUNE 5/WITH GOLD UP $5.30 TODAY, WE HAD A TINY WITHDRAWAL OF .29 TONNES AND THAT NO DOUBT WAS TO PAY FOR FEES/836.13 TONNES
JUNE 4/WITH GOLD DOWN ONLY $2.50, THE CROOKS UNLEASHED A MASSIVE WITHDRAWAL OF 10.61 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 836.42 TONNES
JUNE 1/WITH GOLD DOWN $5.10 TODAY, A HUGE 4.42 TONNES OF GOLD WAS WITHDRAWN FROM THE GLD AND THIS WAS USED IN THE RAID TODAY/INVENTORY RESTS AT 847.03 TONNES
MAY 31/WITH GOLD DOWN 1.60/NO CHANGE IN GOLD INVENTORY/INVENTORY REMAINS AT 851.45 TONNES
MAY 30/WITH GOLD UP $2.70: A HUGE DEPOSIT OF 2.95 TONNES INTO THE GLD/INVENTORY REMAINS AT 851.45 TONNES
MAY 29/2018/WITH GOLD DOWN $4.50/ NO CHANGES IN GLD INVENTORY/INVENTORY REMAINS AT 848.50 TONNES
May 25/WITH GOLD UP ON THE WEEK BUT DOWN 80 CENTS TODAY: WE HAD A HUGE 3.54 TONNES OF GOLD WITHDRAWAL FROM THE CROOKED GLD/
MAY 24/WITH GOLD UP $12.40/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 852.04
MAY 22/WITH GOLD UP $1.05/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 852.04 TONNES
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JUNE 27/2018/ Inventory rests tonight at 821,69 tonnes
*IN LAST 404 TRADING DAYS: 104,90 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 354 TRADING DAYS: A NET 51.40 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
end
Now the SLV Inventory/
JUNE 27.2018/WITH SILVER DOWN 8 CENTS/NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 819.360 MILLION OZ/
june 26./2018/WITH SILVER DOWN 8 CENTS, THE CROOKS WITHDREW THE DEPOSIT OF TWO DAYS AGO; 941,000 OZ OUT OF INVENTORY/INVENTORY RESTS AT 819.360 OZ
JUNE 25/WITH SILVER DOWN 12 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.301 MILLION OZ/
JUNE 22/WITH SILVER UP 12 CENTS TODAY,ANOTHER BIG CHANGE IN SILVER INVENTORY AT THE SLV" A DEPOSIT OF 941,000 OZ INTO INVENTORY/INVENTORY RESTS THIS WEEKEND AT 320.301 MILLION OZ/
JUNE 21/WITH SILVER UP ONE CENT/ANOTHER CHANGE IN SILVER INVENTORY AT THE SLV/: A DEPOSIT OF 2.918 MILLION OZ/INVENTORY RESTS AT 319.360 MILLION OZ/ THUS FOR TWO STRAIGHT DAYS A TOTAL OF 5.26 MILLION OZ OF SILVER HAS BEEN ADDED WITH NO CHANGE IN PRICE.
JUNE 20/WITH SILVER DOWN ONE CENT/A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY / A DEPOSIT OF 2.35 MILLION OZ/INVENTORY RESTS AT 316.442 MILLION OZ/
JUNE 19/2018/WITH SILVER DOWN 11 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 314.090 MILLION OZ/
JUNE 18/WITH SILVER DOWN 6 CENTS TODAY/NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 314.090 MILLION OZ/
JUNE 15/WITH SILVER DOWN 75 CENTS/A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.788 MILLION OZ//INVENTORY RESTS AT 314.090 MILLION OZ
JUNE 14/WITH SILVER UP 30 CENTS, THE CROOKS DECIDED THAT THEY NEEDED SILVER INVENTORY BADLY SO THEY RAID THE SLV OF 1.412 MILLION OZ/INVENTORY RESTS AT 315.878 MILLION OZ/
JUNE 13/WITH SILVER UP 11 CENTS TODAY/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 317.290 MILLION OZ/
JUNE 12/WITH SILVER DOWN 5 CENTS/A HUGE CHANGES IN SILVER INVENTORY AT THE SLV/ THE CROOKS RAID THE SILVER COOKIE JAR BY 1.976 MILLION OZ/INVENTORY LOWERS TO 317.290 MILLION OZ/
jUNE 11/NO CHANGE IN SILVER INVENTORY/319.266 MILLION OZ
JUNE 8/WITH SILVER DOWN 5 CENTS/A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.412 MILLION OZ//INVENTORY LOWERS TO 319.266 MILLION OZ/
JUNE 7/WITH SILVER UP ANOTHER 12 CENTS/A HUGE CHANGE IN SILVER INVENTORY AT THE SL: A WITHDRAWAL OF 1.883 MILLION OZ WITH ALL OF THAT SILVER DEMAND//INVENTORY RESTS AT 320.678 MILLION OZ/
JUNE 6/WITH SILVER UP 14 CENTS TODAY/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 322.561 MILLION OZ/
JUNE 5/WITH SILVER UP 10 CENTS NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 322.561 MILLION OZ
JUNE 4/WITH SILVER DOWN 1 CENTA SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 522,000 OZ INTO THE SLV/.INVENTORY RISES AT 322.561 MILLION OZ/
JUNE 1/WITH SILVER DOWN 3 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 322.039 MILLION OZ/
MAY 31/WITH SILVER DOWN 7 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 322.039 MILLION OZ/
MAY 30/WITH SILVER UP 16 CENTS: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/ A DEPOSIT OF 2.071 MILLION OZ/INVENTORY RESTS AT 322.039 MILLION OZ/
MAY 29.2018/ NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.968 OZ
May 25/INVENTORY LOWERS TO 319.968 AS WE HAD A WITHDRAWAL OF 1.035 MILLION OZ
MAY 24/WITH SILVER UP 27 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 321.003 MILLION OZ/
MAY 22/WITH SILVER UP 6 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 321.003 MILLION OZ/
JUNE 27/2018:
Inventory 319.360 MILLION OZ
6 Month MM GOFO 2.12/ and libor 6 month duration 2.50
Indicative gold forward offer rate for a 6 month duration/calculation:
G0FO+ 2.12%
libor 2.50 FOR 6 MONTHS/
GOLD LENDING RATE: .38%
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12 Month MM GOFO+ 2.77%
LIBOR FOR 12 MONTH DURATION: 2.50
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.27
end