Harvey Organ: Demand For Physical Silver Is Intensifying Despite The Constant Raids

Harvey says that the crooks are supplying massive paper trying to keep silver in check. Here's an update...

by Harvey Organ via Harvey Organ Blog

DEC 15 A/BITCOIN RISES $1,153 DOLLARS TO $17,646/GOLD DOWN 30 CENTS BUT SILVER RISES 12 CENTS TO $16.04/SILVER OPEN INTEREST CONTINUES TO RISE AND ENDS THE WEEK AT OVER 208,000 CONTRACTS/IN GOLD OVER 10,000 EFP TRANSFERS TO LONDON/IN SILVER OVER 3500 CONTRACTS TRANSFERRED/MORE SWAMP NEWS FROM THE USA/

GOLD: $1254.60 down $0.30

Silver: $16.04 UP 12 cents

Closing access prices:

Gold $1255.70

silver: $16.06

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: $1266.60 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1255.20

PREMIUM FIRST FIX: $11.40

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1267.59

NY GOLD PRICE AT THE EXACT SAME TIME: $1255.55

Premium of Shanghai 2nd fix/NY:$12.04

SHANGHAI REJECTS NY /LONDON PRICING OF GOLD

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX: 5:30 am est $1257.25

NY PRICING AT THE EXACT SAME TIME: $1257.50

LONDON SECOND GOLD FIX 10 AM: $1254.60

NY PRICING AT THE EXACT SAME TIME. 1255.10

For comex gold:

DECEMBER/

NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 80 NOTICE(S) FOR 800 OZ.

TOTAL NOTICES SO FAR: 7090 FOR 709,000 OZ (22.052 TONNES),

For silver:

DECEMBER

29 NOTICE(S) FILED TODAY FOR

145,000 OZ/

Total number of notices filed so far this month: 5927 for 29,135,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Bitcoin: BID $17,717/OFFER $17,837 UP $1217 (morning)

BITCOIN : BID $17,646 : OFFER 17,765 UP $1153 (CLOSING)

end

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest SURPRISINGLY ROSE BY A GOOD SIZED 2406 contracts from 206,110 RISING TO 208,516 DESPITE YESTERDAY'S TINY SIZED 7 CENT RISE IN SILVER PRICING. WE HAD NO COMEX LIQUIDATION AND ON TOP OF THIS, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER GOOD SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: A HUGE 3376 EFP'S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 3376 CONTRACTS. HOWEVER THE MOVEMENT ACROSS TO LONDON IS NOT AS SEVERE AS IN GOLD AS THERE SEEMS TO BE A MAJOR PLAYER TAKING ON THE BANKS AT THE COMEX. STILL, WITH THE TRANSFER OF 3376 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. YESTERDAY WITNESSED 1492 EFP'S FOR SILVER ISSUED.

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

34,713 CONTRACTS (FOR 11 TRADING DAYS TOTAL 34,713 CONTRACTS OR 173.57 MILLION OZ: AVERAGE PER DAY: 3,155 CONTRACTS OR 15.778 MILLION OZ/DAY)

RESULT: A GOOD SIZED RISE IN OI COMEX WITH THE 7 CENT RISE IN SILVER PRICE. HOWEVER WE HAD NO SILVER LIQUIDATION AT THE COMEX BUT WE DID HAVE A HUGE SIZED EFP ISSUANCE OF 3376 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS: FROM THE CME DATA 3376 EFP'S WERE ISSUED TODAY (FOR MARCH EFP'S) FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE DEMAND FOR SILVER PHYSICAL INTENSIFIES GREATLY. WE REALLY GAINED 5782 OI CONTRACTS i.e. 3376 open interest contracts headed for London (EFP's) TOGETHER WITH A INCREASE OF 2406 OI COMEX CONTRACTS. AND ALL OF THIS INCREASED DEMAND HAPPENED WITH THE TINY SIZED RISE IN PRICE OF SILVER BY 7 CENTS AND A CLOSING PRICE OF $15.92 YESTERDAY. YET WE STILL HAVE A MASSIVE AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just OVER 1 BILLION oz i.e. 1.043 BILLION TO BE EXACT or 149% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 270 NOTICE(S) FOR 1,350,000 OZ OF SILVER

In gold, the open interest FELL BY WHOPPING 5408 CONTRACTS DOWN TO 450,743 DESPITE THE GOOD SIZED GAIN IN PRICE OF GOLD YESTERDAY ($8.60). HOWEVER, THE TOTAL NUMBER OF GOLD EFP'S ISSUED YESTERDAY FOR TODAY TOTALED A CONSIDERABLE 10,561 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 10,561 CONTRACTS. The new OI for the gold complex rests at 450,743. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE WITNESS THE HUMONGOUS NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE AMOUNT OF GOLD OUNCES STANDING FOR DECEMBER. 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 GOOD GAIN OF 5153 OI CONTRACTS: 5408 OI CONTRACTS DECREASED AT THE COMEX AND A GOOD SIZED 10,561 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 17,961 EFP'S ISSUED.

ACCUMULATION OF EFP'S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE: 147,764 CONTRACTS OR 14.776 MILLION OZ OR 459.59 TONNES(11 TRADING DAYS AND THUS AVERAGING: 13,433 EFP CONTRACTS PER TRADING DAY OR 1.3433 MILLION OZ/DAY)

Result: A GOOD SIZED DECREASE IN OI DESPITE THE RISE IN PRICE IN GOLD TRADING YESTERDAY ($8.60). WE HAD A GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 10,561. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE REACHED THE HUGE DELIVERY 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 10,561 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 5153 contracts:

10,561 CONTRACTS MOVE TO LONDON AND A 5408 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the gain yesterday equates to 18.70 which is unbelievable)

we had: 80 notice(s) filed upon for 8000 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

Today, NO CHANGES in gold inventory at the GLD

Inventory rests tonight: 844.29 tonnes.

SLV

A small withdrawal of 377,000 oz and that usually means to pay for fees.

INVENTORY RESTS AT 326.337 MILLION OZ/

Let us head over to the comex:

The total gold comex open interest FELL BY A GOOD SIZED 5408 CONTRACTS UP to an OI level of 450,743 DESPITE THE RISE IN THE PRICE OF GOLD ($8.60 GAIN WITH RESPECT TO YESTERDAY'S TRADING). WE DID HAVE COMEX GOLD LIQUIDATION BUT IN REALITY WE GAINED IN OPEN INTEREST AS WE HAD ANOTHER STRONG COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS. THE CME REPORTS THAT 0 EFPS WERE ISSUED FOR DECEMBER AND 10,561 EFP'S WERE ISSUED FOR FEBRUARY FOR A TOTAL OF 10,561 CONTRACTS. THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS.

ON A NET BASIS IN OPEN INTEREST WE GAINED TODAY: 5408 OI CONTRACTS IN THAT 10,561 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST 5408 COMEX CONTRACTS. NET GAIN: 5153 contracts OR 515300 OZ OR 16.02 TONNES

Result: AN GOOD SIZED DECREASE IN COMEX OPEN INTEREST DESPITE THE RISE IN THE PRICE OF GOLD YESTERDAY ($8.60.) WE HAD NO REAL GOLD LIQUIDATION ANYWHERE. TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 5153 OI CONTRACTS...

We have now entered the active contract month of DECEMBER. The open interest for the front month of December saw it's open interest fell by 272 contracts down to 1901. We had 288 notices filed upon yesterday so we gained 16 COMEX contracts or an additional 1600 oz will stand for delivery AT THE COMEX in this active delivery month of December. THREE DAYS AGO I REPORTED: "THIS IS THE FIRST TIME THAT WE HAVE EVER SEEN A HUGE AMOUNT IN OZ OF QUEUE JUMPING IN GOLD." IT CONTINUED ON AGAIN IN EARNEST TODAY AS BANKERS ARE DESPERATE TO GET THEIR HANDS ON PHYSICAL GOLD.

January saw its open interest LOSS OF 68 contracts DOWN to 1752. FEBRUARY saw a LOSS of 5652 contacts down to 333,225.

We had 80 notice(s) filed upon today for 800 oz

PRELIMINARY VOLUME TODAY ESTIMATED; not provided

FINAL NUMBERS CONFIRMED FOR YESTERDAY: 275,417

comex gold volumes are increasing dramatically

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxAnd now for the wild silver comex results.

Total silver OI ROSE BY A HUGE 2,406 CONTRACTS FROM 206,151 UP TO 208,516 DESPITE YESTERDAY'S TINY 7 CENT GAIN IN PRICE . HOWEVER WE DID HAVE ANOTHER HUGE 3376 EMERGENCY EFP'S FOR MARCH ISSUED BY OUR BANKERS (ZERO FOR DECEMBER) TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.THE TOTAL EFP'S ISSUED: 3376. 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 NO LONG SILVER LIQUIDATION AS DEMAND FOR PHYSICAL SILVER INTENSIFIES ESPECIALLY AS WE WITNESS A HUGE AMOUNT OF SILVER OUNCES STANDING FOR METAL IN DECEMBER 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 AS IT SEEMS THAT A MAJOR PLAYER WISHES TO TAKE ON THE CROOKED COMEX SHORTS. ON A NET BASIS WE GAINED 5782 OPEN INTEREST CONTRACTS:

2406 CONTRACTS GAIN AT THE COMEX WITH THE ADDITION OF 3376 OI CONTRACTS NAVIGATING OVER TO LONDON.

NET GAIN: 5782 CONTRACTS

We are now in the big active delivery month of December and here the OI FELL by 268 contracts DOWN to 583. We had 270 notice filed upon yesterday so we GAINED 2 contract or an additional 10,000 oz will stand in this active delivery month of December.

The January contract month FELL by 35 contracts DOWN to 1309. February saw a LOSS OF 1 OI contract FALLING TO 31. The March contract GAINED 2130 contracts UP to 168,831.

We had 29 notice(s) filed for 145,000 oz for the DECEMBER 2017 contract

INITIAL standings for DECEMBER

Dec 15/2017.

WE HAD nil DEALER DEPOSIT:total dealer deposits: nil oz

We had nil dealer withdrawals:total dealer withdrawals: nil oz

we had 1 customer deposit(s):

i) Into Brinks: 96.47 oz

total customer deposits 96.47 oz

We had 2 customer withdrawal(s)

i) Out of HSBC: 23,682.641 oz

ii) Out of Scotia: 13,663.75

Total customer withdrawals: 37,346.391 oz

we had 1 adjustment(s)

i) Out of HSBC: 200,233.94 oz was adjusted up to the dealer account to try and settle many of our long holders (from his customer account)

*December is the biggest delivery month of the year for gold and the fact that no gold has entered the vaults these past three trading days speaks volumes that there is no appreciable gold at the comex to deliver upon our longs and thus the reason for the migration to London

For DECEMBER: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 80 contract(s) of which 51 notices were stopped (received) by j.P. Morgan dealer and 15 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the INITIAL total number of gold ounces standing for the DECEMBER. contract month, we take the total number of notices filed so far for the month (7090) x 100 oz or 709,000 oz, to which we add the difference between the open interest for the front month of DEC. (1901 contracts) minus the number of notices served upon today (80 x 100 oz per contract) equals 891,100 oz, the number of ounces standing in this active month of DECEMBER

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

No of notices served (7090) x 100 oz or ounces + {(1901)OI for the front month minus the number of notices served upon today (80) x 100 oz which equals 891,100 oz standing in this active delivery month of DECEMBER (27.716 tonnes). THERE IS 33.4 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR.

WE GAINED 16 COMEX CONTRACTS STANDING OR AN ADDITIONAL 1600 OZ WILL STAND AT THE COMEX AND QUEUE JUMPING INTENSIFIES IN GOLD.

.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

ON FIRST DAY NOTICE FOR DECEMBER 2016, THE INITIAL GOLD STANDING: 39.038 TONNES STANDING

BY THE END OF THE MONTH: FINAL: 29.791 TONNES STOOD FOR COMEX DELIVERY AS THE REMAINDER HAD TRANSFERRED OVER TO LONDON FORWARDS.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Total dealer inventory 1,079,954.036 or 33.59 tonnes (dealer gold continues to disappear)Total gold inventory (dealer and customer) = 9,046,656.053 or 282.00 tonnes

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 72 NET TONNES HAS LEFT THE COMEX.

end

And now for silver

AND NOW THE DECEMBER DELIVERY MONTH

DECEMBER INITIAL standings

today, we had 0 deposit(s) into the dealer account:

total dealer deposit: nil oz

we had 0 dealer withdrawals:

total dealer withdrawals: nil oz

we had 3 customer withdrawal(s):

i) Out of Brinks: 1,225,331.02 oz

ii) Out of Delaware: 1004.80 oz

iii) Out of Scotia: 400,924.84 oz

TOTAL CUSTOMER WITHDRAWAL 1,727,260.660 oz

We had 0 Customer deposit(s):

***deposits into JPMorgan have stopped againIn 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: nil oz

we had 1 adjustment(s)

i) Out of CNT:

10,027.39 oz was adjusted out of the dealer and this lands into the customer account of CNT

The total number of notices filed today for the DECEMBER. contract month is represented by 29 contract(s) FOR 145,000 oz. To calculate the number of silver ounces that will stand for delivery in DECEMBER., we take the total number of notices filed for the month so far at 5827 x 5,000 oz = 29,135,0000 oz to which we add the difference between the open interest for the front month of DEC. (583) and the number of notices served upon today (29 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the DECEMBER contract month: 5827 (notices served so far)x 5000 oz + OI for front month of DECEMBER(583) -number of notices served upon today (29)x 5000 oz equals 31,905,000 oz of silver standing for the DECEMBER contract month. This is EXCELLENT for this active delivery month of November.

WE GAINED AN ADDITIONAL 2 CONTRACTS OR 10,000 OZ THAT WILL STAND AT THE COMEX AS QUEUE JUMPING CONTINUES WITH RESPECT TO SILVER. BOTH GOLD AND SILVER ARE NOW EXPERIENCING QUEUE JUMPING.

ON FIRST DAY NOTICE FOR THE DECEMBER 2016 CONTRACT WE HAD 15.282 MILLION OZ STAND.

THE FINAL STANDING: 19.900 MILLION OZ AS QUEUE JUMPING INTENSIFIED.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

ESTIMATED VOLUME FOR TODAY: not provided

CONFIRMED VOLUME FOR FRIDAY: 79,378 CONTRACTS

YESTERDAY'S CONFIRMED VOLUME OF 79,378 CONTRACTS EQUATES TO 396 MILLION OZ OR 56.6% 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.

Total dealer silver: 56.846 millionTotal number of dealer and customer silver: 239.752 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 $18.42The 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 2.1 percent to NAV usa funds and Negative 1.4% to NAV for Cdn funds!!!!Percentage of fund in gold 63.2%Percentage of fund in silver:36.5%cash .+.3%( Dec 15/2017)

2. Sprott silver fund (PSLV): NAV FALLS TO -1.09% (Dec 15 /2017)3. Sprott gold fund (PHYS): premium to NAV RISES TO -0.68% to NAV (Dec13/2017 )Note: Sprott silver trust back into NEGATIVE territory at -1.09%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.68%/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

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

Dec 5/A WITHDRAWAL OF 2.64 TONNES FROM THE GLD/INVENTORY RESTS AT 845.47 TONNES

Dec 4/A MASSIVE DEPOSIT OF 8.56 TONNES OF GOLD INTO THE GLD/THE BLEEDING OF GLD GOLD HAS STOPPED/INVENTORY RESTS TONIGHT AT 848.11 TONNES

Dec 1/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 839.55 TONNES

Nov 30/no change in gold inventory at the GLD. Inventory rests at 839.55 tonnes

Nov 29/a withdrawal of 2.66 tonnes at the GLD/Inventory rests at 839.55 tonnes

NOV 28/ no change in gold inventory at the GLD/inventory rests at 842.21 tonnes

Nov 27 Strange!! we gold up by $6.40 today, we had a good sized withdrawal of 1.18 tonnes from the GLD. Here is something that is also strange: we have had exactly 1.18 tonnes of gold withdrawn from the comex on 5 separate occasions in the past 30 days..explanation?

Nov 24/no change in gold inventory at the GLD/Inventory rests at 843.09 tonnes

Nov 22/no change in gold inventory at the GLD/Inventory rests at 843.39 tonnes

Nov 21/no change in gold inventory at the GLD/inventory rests at 843.39 tonnes

NOV 20/no change in gold inventory at the GLD/Inventory rests at 843.39 tonnes

Nov 17/no change in gold inventory at the GLD/inventory rests at 843.39 tonnes

Nov 16./NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 843.39 TONNES

Nov 15./no change in gold inventory at the GLD/inventory rests at 843.09 tonnes

NOV 14/a small deposit of .300 tonnes into the GLD inventory/Inventory rests at 843.39 tonnes

Nov 13/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 843.09 TONNES

Nov 10/no change in gold inventory at the GLD/Inventory rests at 843.09 tonnes

Nov 9/no changes in inventory at the GLD/Inventory rests at 843.09 tonnes

NOV 8/ANOTHER HUGE WITHDRAWAL OF 1.18 TONNES OF GOLD FROM THE GLD DESPITE GOLD'S RISE TODAY. INVENTORY RESTS AT 843.09

Nov 7/a huge withdrawal of 1.48 tonnes of gold from the GLD/Inventory rests at 844.27 tonnes

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxDec 15/2017/ Inventory rests tonight at 844.29 tonnes

*IN LAST 293 TRADING DAYS: 96/66 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 228 TRADING DAYS: A NET 60.62 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.*FROM FEB 1/2017: A NET 29.51 TONNES HAVE BEEN ADDED.

end

Now the SLV Inventory

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.

Dec 5/THIS ONE HIT ME LIKE A TON OF BRICKS: SLV ADDS 2.507 MILLION OZ DESPITE THE HUGE DRUBBING SILVER TOOK TODAY. (PRICE DISCOVERY?)

Dec 4/NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 319.207 MILLION OZ/

Dec 1/VERY STRANGE!! WITH SILVER IN THE DUMPSTER THESE PAST FEW DAYS, SLV ADDS 2.076MILLION OZ/???

INVENTORY 319.207 MILLION OZ/

Nov 30/no changes in silver inventory despite the huge drop in price/inventory rests at 317.130 million oz

Nov 29/no changes in silver inventory at the SLV/Inventory rests at 317.130 million oz/strange!! at drop of 32 cents and no change in inventory?

Nov 28/no change in silver inventory at the SLV/Inventory rests at 317.130 million oz.

Nov 27/NO CHANGE IN SILVER INVENTORY DESPITE A ZERO GAIN IN PRICE /QUITE OPPOSITE TO GOLD WHICH SAW 1.18 TONNES OF GOLD WITHDRAWN DESPITE A RISE IN PRICE OF $6.40

Nov 24/A WITHDRAWAL OF 944,000 OZ OF SILVER FROM THE SLV//INVENTORY RESTS AT 317.130 MILLION OZ

Nov 22/no change in silver inventory at the SLV/Inventory rests at 318.074 million oz.

Nov 21/no change in silver inventory at the SLV/inventory rests at 318.074 million oz/

NOV 20/no change in silver inventory at the SLV/inventory rests at 318.074 million oz

Nov 17/no change in silver inventory at the SLV/inventory rests at 318.074 million oz/

Nov 16./NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.074 MILLION OZ/

Nov 15./no change in silver inventory at the SLV/inventory rests at 318.074 tones

NOV 14/no change in silver inventory at the SLV/Inventory rests at 318.074 tonnes

Nov 13/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.074 MILLION OZ

Nov 10/no change in silver inventory at the SLV/Inventory rests at 318.074 million oz/

Nov 9/no change in silver inventory at the SLV/inventory rests at 318.074 million oz.

NOV 8/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.074 MILLION OZ

Nov 7/a huge withdrawal of 944,000 oz from the SLV/inventory rests at 318.074 million oz/

Dec 15/2017:

Inventory 326.337 million oz

end

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

+ 1.62%12 Month MM GOFO+ 1.87%30 day trend

end

We receive the COT report at 3:30. However I must warn you because of the use of EFP's which transfer longs over to London, the report is basically useless!

my goodness/wait until you see these figures

our large speculators

those large speculators who have been long in gold morphed into long London forwards and thus 49,322 contracts are removed from the comex and sent on their journey to London

those large speculators who have been short in gold did not learn the tea leaves and they went further short by another 16,939 contracts

our commercials

those commercials who have been long in gold added a huge 23,221 contracts to their long side

those commercials who have been short transferred a net 47,206 contracts over to London and this balances with the large specs.

our small speculators

those small specs who have been long in gold added a tiny 51 contracts to their long side

those small specs who have been short in gold added 4209 contracts to their short side??

And now silver:

our large speculators

those large speculators who have been long in gold transferred a net 7736 contacts for forwards in London

those large speculators who have been short in silver added a huge 13,776 contracts to their short side??

our commercials

those commercials who have been long in silver added 13,578 contracts to their long side

those commercials who have been short in silver transferred a net 7947 contracts over to London

our small speculators

those speculators who have been long in silver added 1710 contracts to their long side

those speculators who have been short in silver added 1723 contracts to their short side.

end