Harvey Organ: 92.5% Of Annual Global Silver Production Was Traded Just Yesterday

By Harvey Organ / January 18, 2018 / www.silverdoctors.com / Article Link

Harvey provides a timely update on the latest whackings in the gold and silver markets. Here's the details...

by Harvey Organ of Harvey Organ Blog

JAN 17/GOLD RISES ANOTHER $2.20 UP TO $1338.95/SILVER DOWN 3 CENTS/GOLD AND SILVER WHACKED IN THE ACCESS MARKET/GOLD REGISTERS A REMARKABLE 23,183 EFP CONTRACTS TRANSFERRING FROM THE GOLD COMEX FOR LONDON BASED FORWARDS/SILVER REGISTERS A HUGE 7310 EFP CONTRACT TRANSFERS TO LONDON/MORE SWAMP STORIES/

GOLD: $1338.95 UP $2.20

Silver: $17.17 DOWN 3 cents

Closing access prices:

Gold $1327.00

silver: $17.00

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: $1346.38 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1338.80

PREMIUM FIRST FIX: $7.58

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SECOND SHANGHAI GOLD FIX: $1342.50

NY GOLD PRICE AT THE EXACT SAME TIME: $1333.25

Premium of Shanghai 2nd fix/NY:$9.25

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

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LONDON FIRST GOLD FIX: 5:30 am est $1337.35

NY PRICING AT THE EXACT SAME TIME: $1336.65

LONDON SECOND GOLD FIX 10 AM: $1335.65

NY PRICING AT THE EXACT SAME TIME. $1335.00

For comex gold:

JANUARY/

NUMBER OF NOTICES FILED TODAY FOR JANUARY CONTRACT: 0 NOTICE(S) FOR NIL OZ.

TOTAL NOTICES SO FAR: 449 FOR 44900 OZ (1.3965 TONNES),

For silver:

jANUARY

52 NOTICE(S) FILED TODAY FOR

260,000 OZ/

Total number of notices filed so far this month: 625 for 3,125,000 oz

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Bitcoin: BID $10,088/OFFER $10,193 DOWN $1255 (morning)

Bitcoin: BID 11,186/OFFER $11,294 DOWN $160(CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest FELL BY A RATHER LARGE 3912 contracts from 200,423 FALLING TO 196,511 DESPITE YESTERDAY'S 5 CENT RISE IN SILVER PRICING. WE HAD CONSIDERABLE COMEX LIQUIDATION BUT WITHOUT A DOUBT WE WITNESSED ANOTHER FAILED MAJOR BANK SHORT- COVERING OPERATION YESTERDAY AS SPECS CONTINUE TO POUR IT ON. NOT ONLY THAT , WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GIGANTIC SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: 7310 EFP'S FOR MARCH AND ZERO FOR OTHER MONTHS AND THUS TOTAL ISSUANCE OF 7310 CONTRACTS. HOWEVER THE MOVEMENT ACROSS TO LONDON IS NOT AS SEVERE AS IN GOLD AS THERE SEEMS TO BE MAJOR PLAYERS WILLING TO TAKE ON THE BANKS AT THE COMEX. STILL, WITH THE TRANSFER OF 7310 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 HRS IN THE ISSUING OF EFP'S.

ACCUMULATION FOR EFP'S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JANUARY:

31,554 CONTRACTS (FOR 12 TRADING DAYS TOTAL 31,554 CONTRACTS OR 157.770 MILLION OZ: AVERAGE PER DAY: 2629 CONTRACTS OR 13.147 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH: 157.77 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 22.5% OF ANNUAL GLOBAL PRODUCTION

RESULT: A LARGE SIZED LOSS IN OI COMEX DESPITE THE GOOD 5 CENT RISE IN SILVER PRICE WHICH USUALLY INDICATES ANOTHER FAILED BANKER SHORT-COVERING. WE ALSO HAD A HUGE SIZED EFP ISSUANCE OF 7310 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 . FROM THE CME DATA 7310 EFP'S WERE ISSUED FOR TODAY FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE REALLY GAINED 3398 OI CONTRACTS i.e. 7310 open interest contracts headed for London (EFP's) TOGETHER WITH A DECREASE OF 3912 OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE RISE IN PRICE OF SILVER OF 5 CENTS AND A CLOSING PRICE OF $17.20 WITH RESPECT TO YESTERDAY'S TRADING. YET WE STILL HAVE A GOOD AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.9860 BILLION TO BE EXACT or 141% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT JANUARY MONTH/ THEY FILED: 52 NOTICE(S) FOR 260,000 OZ OF SILVER

In gold, the open interest ROSE BY A CONSIDERABLE 7341 CONTRACTS UP TO 582,333 WITH THE SOLID RISE IN PRICE OF GOLD WITH YESTERDAY'S TRADING ($2.30). IN ANOTHER HUGE DEVELOPMENT, WE RECEIVED THE TOTAL NUMBER OF GOLD EFP'S ISSUED TUESDAY FOR WEDNESDAY AND IT TOTALED A GIGANTIC SIZED 23,183 CONTRACTS OF WHICH THE MONTH OF FEBRUARY SAW 23,183 CONTRACTS AND APRIL SAW THE ISSUANCE OF 0 CONTRACTS The new OI for the gold complex rests at 582,333. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI TOGETHER WITH THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR JANUARY COMEX. 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 (BIG RISE IN BOTH GOFO AND SIFO) AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE WE HAVE ANOTHER MONSTROUS GAIN OF 30,530 OI CONTRACTS: 7341 OI CONTRACTS INCREASED AT THE COMEX AND AN ATMOSPHERIC SIZED 23,183 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 7163 EFP'S ISSUED.

ACCUMULATION OF EFP'S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JANUARY STARTING WITH FIRST DAY NOTICE: 121,948 CONTRACTS OR 12,194 MILLION OZ OR 379.31 TONNES(12 TRADING DAYS AND THUS AVERAGING: 10,162 EFP CONTRACTS PER TRADING DAY OR 1,016,200 OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : SO FAR THIS MONTH IN 12 TRADING DAYS: IN TONNES: 379 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2200 TONNES

THUS EFP TRANSFERS REPRESENTS 379/2200 TONNES = 17.22% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JANUARY ALONE.

Result: A HUGE SIZED INCREASE IN OI AT THE COMEX WITH THE SMALL RISE IN PRICE IN GOLD TRADING ON YESTERDAY ($2.30). WE HAD ANOTHER ATMOSPHERIC SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 23,183. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE ALSO OBSERVED A HUGE DELIVERY MONTH FOR THE MONTH OF DECEMBER. 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 23,183 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 30,530 contracts ON THE TWO EXCHANGES:

23.183 CONTRACTS MOVE TO LONDON AND 7341 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the gain in total oi equates to 100.40 TONNES)

we had: 0 notice(s) filed upon for NIL oz of gold.

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

GLD

With gold up again today, we had no changes in inventory from the GLD:

Inventory rests tonight: 828.96 tonnes.

SLV/

NO CHANGES IN SILVER INVENTORY AT THE SLV/

INVENTORY RESTS AT 316.348 MILLION OZ/

Let us head over to the comex:

The total gold comex open interest ROSE BY A CONSIDERABLE 7341 CONTRACTS UP to an OI level of 582,333 WITH THE GOOD RISE IN THE PRICE OF GOLD ($2.30 GAIN WITH RESPECT TO YESTERDAY'S TRADING). WE HAD ZERO COMEX GOLD LIQUIDATION AND NO DOUBT WE WITNESSED SOME GOLD SHORT COVERING AT THE COMEX. WE ALSO WITNESSED ANOTHER STRONG COMEX TRANSFER THROUGH THE EFP ROUTE. THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS. THE CME REPORTS THAT A MONSTROUS 23,183 EFP'S WERE ISSUED FOR FEBRUARY , 0 EFP's FOR APRIL, AND 0 FOR DECEMBER: TOTAL 23,183 CONTRACTS. THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS. THE COMEX IS NOW AN ABSOLUTE FRAUD!!

ON A NET BASIS IN OPEN INTEREST WE GAINED TODAY: 30,530 OI CONTRACTS IN THAT 23,183 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED 7341 COMEXCONTRACTS. NET GAIN ON THE TWO EXCHANGES: 30,530 contracts OR 3.0530 MILLION OZ OR 94.96 TONNES

Result: A CONSIDERABLE INCREASE IN COMEX OPEN INTEREST WITH THE RISE IN THE PRICE YESTERDAY'S GOLD TRADING ($2.30.) WE HAD NO GOLD LIQUIDATION AT THE COMEX. HOWEVER WE, NO DOUBT WE HAD ANOTHER FAILED BANKER SHORT COVERING .. TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 30,530 OI CONTRACTS...

We have now entered the active contract month of JANUARY. The open interest for the front month of JANUARY saw it's open interest FALL by 0 contracts REMAINING AT 40. We had 12 notices served upon yesterday so we gained 12 contracts or an additional 1200 oz of gold will stand AT THE COMEX in this non active month of January AND QUEUE JUMPING INTENSIFIES.

FEBRUARY saw a LOSS of 5069 contacts DOWN to 319,889. March saw a loss of 7 contracts down to 485. April saw a GAIN of 10,533 contracts UP to 150,606.

We had 0 notice(s) filed upon today for NIL oz

PRELIMINARY VOLUME TODAY ESTIMATED; 374,337

FINAL NUMBERS CONFIRMED FOR YESTERDAY: 555,977

comex gold volumes are RISING AGAIN

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxAnd now for the wild silver comex results.

Total silver OI FELL BY A CONSIDERABLE 3,912 CONTRACTS FROM 200,423 DOWN TO 196,511 WITH YESTERDAY'S GOOD 5 CENT GAIN. AGAIN WE HAD CONTINUED FAILED BANKER SHORT COVERING. NOT ONLY THAT, WE HAD ANOTHER HUGE SIZED 7310 EMERGENCY EFP'S FOR MARCH ISSUED BY OUR BANKERS (AND ZERO FOR ALL OTHER MONTHS) TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON: THE TOTAL EFP'S ISSUED: 7310. IT SURE LOOKS LIKE THE SILVER BOYS HAVE STARTED TO MIGRATE TO LONDON FROM THE START OF DELIVERY MONTH AND CONTINUING RIGHT THROUGH UNTIL FIRST DAY NOTICE JUST LIKE WE ARE WITNESSING TODAY. USUALLY WE NOTED THAT CONTRACTION IN OI OCCURRED ONLY DURING THE LAST WEEK OF AN UPCOMING ACTIVE DELIVERY MONTH. THIS PROCESS HAS JUST BEGUN IN EARNEST IN SILVER STARTING IN SEPTEMBER. HOWEVER, IN GOLD, WE HAVE BEEN WITNESSING THIS FOR THE PAST 2 YEARS. WE HAD SOME LONG COMEX SILVER LIQUIDATION BUT A RISE IN TOTAL SILVER OI. WE ARE ALSO WITNESSING A FAIR AMOUNT OF SILVER OUNCES STANDING FOR COMEX METAL IN THIS NON ACTIVE JANUARY AS WELL AS THAT CONTINUAL MIGRATION OF EFPS OVER TO LONDON. ON A PERCENTAGE BASIS THERE ARE MORE EFP'S ISSUED FOR GOLD THAN SILVER. ON A NET BASIS WE GAINED 3398 OPEN INTEREST CONTRACTS:

3912 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 7310 OI CONTRACTSNAVIGATING OVER TO LONDON.

NET GAIN TWO EXCHANGES: 3398 CONTRACTS

We are now in the poor non active delivery month of January and here the OI LOST 47 contracts FALLING TO 63. We had 31 notices served upon yesterday, so we lost 16 contracts or an additional 80,000 oz will not stand for delivery AT THE COMEX BUT THESE GUYS JOINED THEIR BRETHREN IN MORPHING INTO LONDON BASED FORWARDS.

February saw a LOSS OF 196 OI contracts FALLING TO 383. The March contract LOST 4402 contracts DOWN to 140,169.

We had 52 notice(s) filed for NIL 260,000 for the January 2018 contract for silver

INITIAL standings for JANUARY

Jan 17/2018.

we had one kilobar transaction/We had 0 inventory movement at the dealer accountstotal inventory movement into the dealer accounts: nil ozwe had 3 withdrawals into the customer account:i) Out of HSBC: 168,406.935 ozii) Out of Manfra: 2317.800 oziii) Out of Scotia: 16077.500 oz (50 kilobars)total withdrawal: 172,332.235 ozwe had 1 customer depositi) Into HSBC: 96,095.253 oztotal deposits: nil ozwe had 0 adjustmentstotal registered or dealer gold: 586,501.473 oz or 18.242 tonnestotal registered and eligible (customer) gold; 9,152,732.544 oz 284.68 tones

For JANUARY:Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 0 contract(s) of which 0 notices were stopped (received) by 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 JANUARY. contract month, we take the total number of notices filed so far for the month (449) x 100 oz or 44900 oz, to which we add the difference between the open interest for the front month of JAN. (40 contracts) minus the number of notices served upon today (0 x 100 oz per contract) equals 48,900 oz, the number of ounces standing in this active month of JANUARY

Thus the INITIAL standings for gold for the JANUARY contract month:

No of notices served (449 x 100 oz or ounces + {(40)OI for the front month minus the number of notices served upon today (0 x 100 oz which equals 48,900 oz standing in this active delivery month of JANUARY (1.5109 tonnes). THERE IS 18.245 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR.

WE GAINED 12 CONTRACTS OR AN ADDITIONAL 1200 OZ WILL STAND IN THIS NON ACTIVE DELIVERY MONTH OF JANUARY

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ON FIRST DAY NOTICE FOR JANUARY 2017, THE INITIAL GOLD STANDING: 3.904 TONNES STANDING

BY THE END OF THE MONTH: FINAL: 3.555 TONNES STOOD FOR COMEX DELIVERY AS THE REMAINDER HAD TRANSFERRED OVER TO LONDON FORWARDS.

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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 14 MONTHS 70 NET TONNES HAS LEFT THE COMEX.

end

And now for silver

AND NOW THE DECEMBER DELIVERY MONTH

DECEMBER FINAL standings

we had no inventory movement at the dealer side of things

total inventory movement dealer: nil oz

we had 0 inventory deposits into the customer account

total inventory deposits: nil oz

we had 3 withdrawals from the customer account;

i) out of Brinks; 4131.15 oz

ii) Out of CNT: 28,086.980 oz

iii) Out of Scotia: 100,526.88 oz

total withdrawals; 132,745.01 oz

we had 0 adjustments

total dealer silver: 45.456 million

total dealer + customer silver: 246.352 million oz

The total number of notices filed today for the JANUARY. contract month is represented by 52 contract(s) FOR 260,000 oz. To calculate the number of silver ounces that will stand for delivery in JANUARY., we take the total number of notices filed for the month so far at 625 x 5,000 oz = 3,125,000 oz to which we add the difference between the open interest for the front month of JAN. (63) and the number of notices served upon today (52 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the JANUARY contract month: 625(notices served so far)x 5000 oz + OI for front month of JANUARY(63) -number of notices served upon today (52)x 5000 oz equals 3,180,000 oz of silver standing for the JANUARY contract month. This is VERY GOOD for this NONACTIVE delivery month of JANUARY. WE LOST 16 CONTRACTS OR AN ADDITIONAL 80,000 OZ WILL NOT STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF JANUARY BUT THESE GUYS JOINED THEIR BRETHREN IN OBTAINING A LONDON BASED FORWARD.

ON FIRST DAY NOTICE FOR THE JANUARY 2017 CONTRACT WE HAD 3,790 MILLION OZ STAND.

THE FINAL STANDING: 3,730 MILLION OZ

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ESTIMATED VOLUME FOR TODAY: 185,446

CONFIRMED VOLUME FOR FRIDAY: 129,233 CONTRACTS

YESTERDAY'S CONFIRMED VOLUME OF 129,233 CONTRACTS EQUATES TO 646.5 MILLION OZ OR 92.5% 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 RISES TO -0.84% (Jan 17/2018)2. Sprott gold fund (PHYS): premium to NAV RISES TO -0.65% to NAV (Jan 17/2018 )Note: Sprott silver trust back into NEGATIVE territory at -0.84%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.65%/Central fund of Canada's is still in jail but being rescued by Sprott.Sprott WINS hostile 3.1 billion bid to take over Central Fund of Canada

(courtesy Sprott/GATA)

END

And now the Gold inventory at the GLD

Jan 17/no changes in gold inventory at the GLD/inventory rests at 828.96 tonnes

Jan 16/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 828.96 TONNES

Jan 12/no changes in inventory at the GLD despite the rise in gold price/inventory rests at 828.96 tonnes

Jan 11/ANOTHER IDENTICAL WITHDRAWAL OF 2.95 TONNES FROM THE GLD INVENTORY/INVENTORY RESTS AT 828.96 TONNES

Jan 10/with gold up today, a strange withdrawal of 2.95 tonnes/inventory rests at 831.91 tonnes

Jan 9/no changes in gold inventory at the GLD/Inventory rests at 834.88 tonnes

Jan 8/with gold falling by a tiny $1.40 and this being after 12 consecutive gains, today they announce another 1.44 tonnes of gold withdrawal from the GLD/

Jan 5/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 836.32 TONNES

Jan 4/2018/no change in gold inventory at the GLD/Inventory rests at 836.32 tonnes

Jan 3/a huge withdrawal of 1.18 tonnes of gold from the GLD/Inventory rests at 836.32 tonnes

Jan 2/2018/no changes in gold inventory at the GLD/inventory rests at 837.50 tonnes

Dec 29/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 837.50 TONNES

Dec 28/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 837.50 TONNES

Dec 27/NO CHANGES IN GOLD INVENTORY AT THE GLD/ INVENTORY RESTS AT 837.50 TONNES

Dec 26/no change in gold inventory at the GLD

Dec 22/ A DEPOSIT OF 1.48 TONNES OF GOLD INTO GLD INVENTORY/INVENTORY RESTS AT 837.50 TONNES

Dec 21?EUR? NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 836.02 TONNES

Dec 20/DESPITE THE GOOD ADVANCE IN PRICE TODAY/THE CROOKS RAIDED THE COOKIE JAR TO THE TUNE OF 1.18 TONNES/INVENTORY RESTS AT 836.02 TONNES

Dec 19/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 837.20 TONNES

Dec 18 SHOCKINGLY AFTER TWO GOOD GOLD TRADING DAYS, THE CROOKS RAID THE COOKIE JAR BY THE SUM OF 7.09 TONNES/INVENTORY RESTS AT 837.20 TONNES

Dec 15/NO CHANGES IN GOLD INVENTORY/RESTS AT 844.29 TONNES.

Dec 14/a good sized gain of 1.48 tonnes of gold into the GLD/inventory rests at 844.29 tones

Dec 13/no changes in gold inventory at the GLD/inventory rests at 842.81 tonnes

Dec 12/SURPRISINGLY NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 842.81 TONNES

Dec 11/SURPRISINGLY NO CHANGES IN GOLD INVENTORY AT THE GLD DESPITE THE CONSTANT RAIDS ON GOLD/INVENTORY RESTS AT 842.81 TONNES

Dec 8/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 842.81 TONNES

Dec 7/A BIG WITHDRAWAL OF 2.66 TONNES FROM THE GLD/INVENTORY RESTS AT 842.81 TONNES

Dec 6/No changes in GOLD inventory at the GLD/Inventory rests at 845.47 tonnes

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxJan 17/2018/ Inventory rests tonight at 828.96 tonnes

*IN LAST 310 TRADING DAYS: 111.99 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 245 TRADING DAYS: A NET 45.32 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.

end

Now the SLV Inventory

Jan 17/no changes in silver inventory at the SLV/inventory rests at 316.348 million oz/

Jan 16/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.348 MILLION OZ

Jan 12/no changes in silver inventory at the SLV/inventory rests at 316.348 million oz/

Jan 11/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 316.348 MILLION OZ/

Jan 10/with silver up again, we had a huge withdrawal of 1.227 million oz from the SLV/inventory rests at 316.348 million oz

Jan 9/a withdrawal of 848,000 oz from the SLV/Inventory rests at 317.575 million oz/

jan 8/no change in silver inventory at the SLV/Inventory rests at 318.423 million oz/

Jan 5/DESPITE NO CHANGE IN SILVER PRICING, WE HAD A HUGE WITHDRAWAL OF 2.026 MILLION OZ/INVENTORY RESTS AT 318.423 MILLION OZ.

Jan 4.2018/a slight withdrawal of 180,000 oz and this would be to pay for fees/inventory rests at 320.449 million oz/

Jan 3/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.629 MILLION OZ.

Jan 2/WITH SILVER UP DRAMATICALLY THESE PAST 4 TRADING DAYS, THE FOLLOWING MAKES NO SENSE: WE HAD A WITHDRAWAL OF 2.83 MILLION OZ FROM THE SLV

INVENTORY RESTS AT 320.629 MILLION OZ/

Dec 29/no changes in silver inventory at the SLV/inventory rests at 323.459 million oz/

Dec 28/DESPITE THE RISE IN SILVER AGAIN BY 13 CENTS, WE LOST ANOTHER 1,251,000 OZ OF SILVER FROM THE SILVER.

Dec 27/WITH SILVER UP AGAIN BY 17 CENTS, WE LOST ANOTHER 802,000 OZ OF SILVER INVENTORY/WHAT CROOKS/INVENTORY RESTS AT 324.780 MILLION OZ/

Dec 26/no change in silver inventory at the SLV./Inventory rests at 325.582

Dec 21/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 326.227 MILLION OZ/

Dec 20/INVENTORY REMAINS CONSTANT AT 326.337 MILLION OZ (COMPARE WITH GLD)

Dec 19/SILVER INVENTORY REMAINS CONSTANT AT 326.337 MILLION OZ

Dec 18.2017//SILVER INVENTORY CONTINUES TO REMAIN PAT./INVENTORY REMAINS AT 326.337 MILLION OZ/

INVENTORY RESTS AT 326.337 TONNES

Dec 15/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 326.337 MILLION OZ/

Dec 14/a small withdrawal of 377,000 oz and that usually means to pay for fees./inventory rests at 326.337 million oz/

Dec 13/no change in silver inventory at the SLV/Inventory rests at 326.714 million oz/

Dec 12/WOW!ANOTHER STRANGE ONE: SILVER HAS BEEN DOWN FOR 10 CONSECUTIVE DAYS, YET THE SLV ADDS ANOTHER 1.415 MILLION OZ TO ITS INVENTORY. IN THAT 10 DAY PERIOD, SLV ADDS 9.584 MILLION OZ/

INVENTORY RESTS AT 326.714 MILLION OZ

Dec 11/WOW!! ANOTHER STRANGE ONE: SILVER DESPITE BEING DOWN FOR 9 CONSECUTIVE TRADING DAYS ADDS ANOTHER 944,000 OZ TO ITS INVENTORY. FROM NOV 30 UNTIL TODAY SILVER HAS BEEN DOWN EVERY DAY. HOWEVER THE INVENTORY OF SILVER HAS RISEN 8.169 MILLION OZ.

Dec 8/A HUGE DEPOSIT OF 2.642 MILLION OZ/INVENTORY RESTS AT 324.355 MILLION OZ/

Dec 7/strange!! with the continual whacking of silver, no change in silver inventory at the SLV/Inventory rests at 321.713

Dec 6/no change in silver inventory at the SLV/Inventory remains at 21.713 million oz.

Jan 17/2017:

Inventory 316.348 million oz

end

6 Month MM GOFOIndicative gold forward offer rate for a 6 month duration

+ 1.74%12 Month MM GOFO+ 2.06%30 day trend

end

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