Harvey Organ: HUGE SHORT COVERING By The Bankers In Silver...THEY SEEM SCARED!
Harvey says we've either had a MASSIVE short covering, or else this is happening, and a little earlier than usual. Here are the details...
by Harvey Organ of Harvey Organ Blog
MARCH 18/GOLD DOWN ONLY 70 CENTS//SILVER DOWN 2 CENTS AS THE BANKERS RAID FAILS//HUGE SLOWDOWN IN SMART PHONE SHIPMENTS INTO CHINA//BOEING ISSUED A SUPBOENA AS TO THEIR SAFETY CHECKS ON THE 737 MAX 8 DEVELOPMENT//
GOLD: $1302.30 DOWN $0.70 (COMEX TO COMEX CLOSING)
Silver: $15.31 DOWN 2 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : $1303.75
silver: $15.35
Comex options expiry: Wednesday March 26
London/LBMA expires Monday March 31/2019.
The crooks continue with their whacking right in front of the authorities/regulators despite the criminal probe of precious metals manipulations.
For comex gold and silver:
MARCH
NUMBER OF NOTICES FILED TODAY FOR MAR CONTRACT: 20 NOTICE(S) FOR 2000 OZ (0.0622 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 377 NOTICES FOR 37700 OZ (1.1104 TONNES)
SILVER
FOR MARCH
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0 NOTICE(S) FILED TODAY FOR nil OZ/
total number of notices filed so far this month: 5302 for 26,510,000
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Bitcoin: OPENING MORNING TRADE $3973:DOWN $9
Bitcoin: FINAL EVENING TRADE: $3931 UP 51
end
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JPMorgan or Goldman Sachs are taking a huge issuance (stopping) of gold at the comex.
today 8/20
EXCHANGE: COMEXCONTRACT: MARCH 2019 COMEX 100 GOLD FUTURESSETTLEMENT: 1,301.800000000 USDINTENT DATE: 03/15/2019 DELIVERY DATE: 03/19/2019FIRM ORG FIRM NAME ISSUED STOPPED____________________________________________________________________________________________657 C MORGAN STANLEY 3661 C JP MORGAN 8737 C ADVANTAGE 2 9905 C ADM 18____________________________________________________________________________________________
TOTAL: 20 20MONTH TO DATE: 35
Let us have a look at the data for today
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In silver, the total OPEN INTEREST CONTINUES TO FALL , THIS TIME BY A CONSIDERABLE SIZED 667 CONTRACTS FROM 186,883 DOWN TO 186,196 DESPITE FRIDAY'S STRONG 16 CENT GAIN IN SILVER PRICING AT THE COMEX. TODAY WE ARRIVED FURTHER FROM AUGUST'S 2018 RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS. WE MUST HAVE HAD CONSIDERABLE SHORT COVERING AGAIN TODAY.
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 CONSIDERABLE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDONTHROUGH THE EFP:
0 EFP'S FOR MARCH, 0 FOR APRIL, 2563 FOR MAY, 0 FOR DECEMBER AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE: OF 2563 CONTRACTS. WITH THE TRANSFER OF 2563 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 2563 EFP CONTRACTS TRANSLATES INTO 12.815 MILLION OZ ACCOMPANYING:
1.THE 16 CENT GAIN IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST NINE 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.
AND NOW: 26.835 MILLION OZ STANDING IN MARCH.
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF MARCH:
26,689 CONTRACTS (FOR 12 TRADING DAYS TOTAL 26,689 CONTRACTS) OR 133.44 MILLION OZ: (AVERAGE PER DAY: 2224 CONTRACTS OR 11.120 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF MAR: 133.44 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 19.05% 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: 498.83 MILLION OZ.
JANUARY 2019 EFP TOTALS: 217.455. MILLION OZ
FEB 2019 TOTALS: 147.4 MILLION OZ/
RESULT: WE HAD A CONSIDERABLE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 667 DESPITE THE 16 CENT GAIN IN SILVER PRICING AT THE COMEX /FRIDAY..THE CME NOTIFIED US THAT WE HAD CONSIDERABLE SIZED EFP ISSUANCE OF 2563 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 GOOD SIZED: 1896 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: (WITH THE GAIN IN PRICE)
i.e 2563 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH DECREASE OF667 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 16 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $15.33 WITH RESPECT TO YESTERDAY'S TRADING. YET WE HAVE A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY
In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. 0.931 BILLION OZ TO BE EXACT or 133% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT FEBRUARY MONTH/ THEY FILED AT THE COMEX: 0 NOTICE(S) FOR NIL 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/AND NOW MARCH: 26.835 MILLION OZ/HUGE 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 OPEN INTEREST SURPRISINGLY FELL BY A VERY LARGE 12,871 CONTRACTS DOWN TO 528,866 DESPITE THE STRONG RISE IN THE COMEX GOLD PRICE/(A GAIN IN PRICE OF $7.50//FRIDAY'S TRADING). EITHER WE HAD A MASSIVE SHORT COVERING OR THE SPREADERS STARTED TO LIQUIDATE A LITTLE EARLIER THAN USUAL
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 5748 CONTRACTS:
MARCH HAD AN ISSUANCE OF 0 CONTACTS APRIL 4998 CONTRACTS,JUNE: 750 CONTRACTS DECEMBER: 0 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 530,055. 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 LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7123 CONTRACTS: 12,871 OI CONTRACTS DECREASED AT THE COMEX AND 5748 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS OF 7,123 CONTRACTS OR 712,300 OR 22.15 TONNES.
FRIDAY WE HAD A GAIN IN THE PRICE OF GOLD TO THE TUNE OF $7.50....AND WITH THAT, WE HAD A HUMONGOUS LOSS IN TONNAGE OF 22.15 TONNES?????!!!!!!.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MARCH : 86,108 CONTRACTS OR 8,610,800 OZ OR 267.83 TONNES (12 TRADING DAYS AND THUS AVERAGING: 7175 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 12 TRADING DAYS IN TONNES: 267.83 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 267.83/2550 x 100% TONNES = 10.50% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***
ACCUMULATION OF GOLD EFP'S YEAR 2019 TO DATE: 1141.8 TONNES
JANUARY 2019 TOTAL EFP ISSUANCE; 531.20 TONNES
FEB 2019 TOTAL EFP ISSUANCE: 344.36 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 HUMONGOUS SIZED SIZED DECREASE IN OI AT THE COMEX OF 12,871 DESPITE THE STRONG GAIN IN PRICING ($7.50) THAT GOLD UNDERTOOK FRIDAY) //.WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7547 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 5748 EFP CONTRACTS ISSUED, WE HAD A STRONG LOSS OF 7,123 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
5748 CONTRACTS MOVE TO LONDON AND 12,871 CONTRACTS DECREASED AT THE COMEX. (IN TONNES, THE STRONG LOSS IN TOTAL OI EQUATES TO 22.15 TONNES). ..AND ALL OF THIS FALL IN DEMAND OCCURRED WITH A STRONG GAIN OF $7.50 IN YESTERDAY'S TRADING AT THE COMEX???????!!!!!
we had: 20 notice(s) filed upon for 2000 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 70 CENTS TODAY
A BIG CHANGES IN GOLD INVENTORY AT THE GLD//
A WITHDRAWAL OF: 1.32 TONNES OF GOLD AND THIS GOLD IS BEING USED TO
1/ SUPPRESS THE PRICE OF GOLD
2. NEEDED TO PUT OUT FIRES ELSEWHERE
INVENTORY RESTS AT 771.04 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 DOWN 2 CENTS IN PRICE TODAY:
NO CHANGES IN SILVER INVENTORY AT THE SLV//
/INVENTORY RESTS AT 310.848 MILLION OZ.
Let us head over to the comex:
THE TOTAL COMEX GOLD OPEN FELL BY HUMONGOUS SIZED 12,871 CONTRACTS DOWN TO A LEVEL OF 528,866 DESPITE THE GOOD GAIN IN THE PRICE OF GOLD ($7.50) IN YESTERDAY'S // COMEX TRADING).
WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF MARCH.. THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 5748 EFP CONTRACTS WERE ISSUED:
FOR MARCH: 0. FOR APRIL 4998, FOR JUNE:750 CONTRACTS AND FINALLY DECEMBER: 0 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 5748 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 LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES:7123 TOTAL CONTRACTS IN THAT 5748 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST A HUMONGOUS SIZED 12,871 COMEX CONTRACTS.
NET LOSS ON THE TWO EXCHANGES ONLY::7,123 contracts OR 712,300 OZ OR 22.15 TONNES.
We are now in the NON active contract month of MARCH and here the open interest stands at 38 contracts for a gain of 0 contracts.We had 1 notices served upon yesterday so we GAINED 1 contracts or AN ADDITIONAL 100 oz will stand at the comex as these guys refused to morph into London based forwards as well as negating a fiat bonus for their effort.
The next non active delivery month after March is the active delivery month is April and here the OI lost by 15,528 contracts down to 245.534 contracts. The non active month of May picked up 53 contracts for a total of 827 open interest. After May, the next active delivery month is June and here the OI stands at 192,848 having gained 3574 contracts.
TODAY'S NOTICES FILED:
WE HAD 20 NOTICES FILED TODAY AT THE COMEX FOR 2000 OZ. (0.0031 tonnes)
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And now for the wild silver comex results.
Total COMEX silver OI FELL BY A CONSIDERABLE SIZED 667 CONTRACTS FROM 186,863 DOWN TO 186,196(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 CONSIDERABLE OI COMEX LOSS OCCURRED DESPITE A 16 CENT GAIN IN PRICING.//FRIDAY
WE ARE NOW INTO THE ACTIVE DELIVERY MONTH OF MARCH AND THE OPEN INTEREST IN THIS FRONT MONTH RESTS AT 65 HAVING LOST 10 CONTRACTS.
WE HAD 10 NOTICES FILED YESTERDAY SO WE GAINED 0 CONTRACTS OR NIL ADDITIONAL OZ WILL STAND AT THE SILVER COMEX AS THESE GUYS REFUSED TO MORPH INTO LONDON BASED FORWARDS AS WELL AS NEGATING A FIAT BONUS. WE HAVE BEEN WITNESSING QUEUE JUMPING IN SILVER FOR OVER 3 YEARS IN THAT THE TOTAL OZ STANDING INCREASES FROM FIRST DAY NOTICE STANDING.
AFTER MARCH, WE HAVE THE NON ACTIVE DELIVERY MONTH OF APRIL. HERE: APRIL ROSE TO 815 CONTRACTS FOR A GAIN OF 17 CONTRACTS. AFTER APRIL, THE NEXT BIG ACTIVE DELIVERY MONTH IS MAY AND HERE THE OI FELL BY 584 CONTRACTS DOWN TO 134,279 CONTRACTS. WE HAVE WITNESSED A MASSIVE SHORT COVERING AT THE BANKS WITH RESPECT TO SILVER COUPLED WITH CONTINUE QUEUE JUMPING (ALTHOUGH NONE TODAY)......SOMETHING IS SCARING THEM TO DEATH!!!
ON A NET BASIS WE GAINED A GOOD 1896 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED A667 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 2563 OI CONTRACTS NAVIGATING OVER TO LONDON.
NET GAIN ON THE TWO EXCHANGES: 1896 CONTRACTS...AND ALL OF THIS LACK OF DEMAND OCCURRED WITH A 16 CENT GAIN IN PRICING// FRIDAY???.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 10XX notice(s) filed for 50,000 OZ for the MARCH, 2019 COMEX contract for silver
Trading Volumes on the COMEX TODAY: 191,067 CONTRACTS
CONFIRMED COMEX VOL. FOR YESTERDAY: 282,897 contracts
Initial standings for MAR/GOLD
MAR 18 /2019
we had 0 dealer entries:
total dealer deposits: nil oz
total dealer withdrawals: 0 oz
We had 0 kilobar entries
we had 0 deposit into the customer account
i) Into JPMorgan: nil oz
total gold deposits: nil oz
very little gold arrives from outside.
we had 1 gold withdrawals from the customer account:
i) Out of Brinks: 160.755 oz
(5 kilobars)
total gold withdrawals; 160.755 oz
we had 0 adjustments...
FOR THE MAR 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 1 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 1 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 MARCH/2019. contract month, we take the total number of notices filed so far for the month (337) x 100 oz , to which we add the difference between the open interest for the front month of MAR. (38 contract) minus the number of notices served upon today (1 x 100 oz per contract) equals 37,700 OZ OR 1.1726 TONNES) the number of ounces standing in this active month of MARCH
Thus the INITIAL standings for gold for the MAR/2019 contract month:
No of notices served (337 x 100 oz) + {38)OI for the front month minus the number of notices served upon today (1 x 100 oz )which equals 37,700 oz standing OR 1.1762 TONNES in this active delivery month of MARCH.
We GAINED 1 contracts or an additional 100 OZ ADDITIONAL oz WILL STAND AT THE COMEX AS THEY REFUSED TO MORPH INTO LONDON BASED FORWARDS AS WELL AS NEGATING TO ACCEPT A FIAT BONUS.
HOWEVER, THE GOLD COMEX (AND SILVER COMEX) ARE NOW IN STRESS AS THE CROOKS ARE DESPERATE TO FIND PHYSICAL METAL.
SURPRISINGLY NO GOLD HAS BEEN ENTERING THE COMEX VAULTS AND WE HAVE WITNESSED THIS FOR THE PAST YEAR!! WE HAVE ONLY 11.388 TONNES OF REGISTERED ( GOLD OFFERED FOR SALE)
total registered or dealer gold: 366,127.915 oz or 11.388 tonnestotal registered and eligible (customer) gold; 8,037,536.411 oz 250.000 tonnes
FOR COMPARISON
MARCH 2018 VS MARCH 2019 CONTRACTS
ON FIRST DAY NOTICE MARCH 1/2018: TOTAL GOLD TONNAGE STANDING FOR DELIVERY: 2.1524TONNES
THE FINAL AMOUNT OF GOLD TONNAGE: MARCH 31/2018: 1.6114 TONNES AS THE REST MORPHED INTO LONDON BASED FORWARDS.
IN THE LAST 29 MONTHS 105 NET TONNES HAS LEFT THE COMEX.
THE GOLD COMEX IS NOW IN STRESS AS1. GOLD IS LEAVING THE COMEX2. GOLD IS LEAVING THE REGISTERED CATEGORY OF THE COMEX.
end
And now for silver
AND NOW THE DELIVERY MONTH
MAR INITIAL standings/SILVER
we had 0 inventory movement at the dealer side of things
total dealer deposits: nil oz
total dealer withdrawals: 0 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 147.825 million oz of total silver inventory or 49.12% of all official comex silver. (147 million/300.8 million)
i) Into everybody else: nil oz
total customer deposits today: nil oz
we had 1 withdrawals out of the customer account:
ii) out of Brinks: 10,026.000 oz???
total withdrawals: 10,026.000 oz
we had 0 adjustment
total dealer silver: 95.669 million
total dealer + customer silver: 301.439 million oz
The total number of notices filed today for the MARCH 2019. contract month is represented by 0 contract(s) FOR NIL oz
To calculate the number of silver ounces that will stand for delivery in MAR, we take the total number of notices filed for the month so far at 5302 x 5,000 oz = 26,510,000 oz to which we add the difference between the open interest for the front month of MAR. (65) 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 MAR/2019 contract month: 5292(notices served so far)x 5000 oz + OI for front month of MAR( 65) -number of notices served upon today (0)x 5000 oz equals 26,835,000 oz of silver standing for the MAR contract month. This is a strong number of oz standing for an off delivery month.
We gained 0 contracts or an additional NIL oz will stand as investors continue to shun morphing into London based EFP's as well as negating a fiat bonus.
WE ALSO WITNESSED HUGE SHORT COVERING BY THE BANKERS AS THEY SEEM TO BE SCARED ABOUT SOMETHING!
ON MARCH 1.2018 WE HAD 24.670 MILLION OZ OF SILVER STAND FOR DELIVERY. BY THE CONCLUSION OF THE DELIVERY MONTH, 27.190 MILLION OZ STOOD AS QUEUE JUMPING IN THE SILVER COMEX ARENA HAD BEEN THE NORM FOR QUITE A WHILE.
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TODAY'S SILVER VOLUME: 43,139 CONTRACTS
CONFIRMED VOLUME FOR YESTERDAY: 62,012 CONTRACTS...
YESTERDAY'S CONFIRMED VOLUME OF 62,012 CONTRACTS EQUATES to 310 million OZ 44.2% 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 -2.87% (MAR18/2019)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -1.11% to NAV (MAR18/2019 )Note: Sprott silver trust back into NEGATIVE territory at -2.87%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 13.13/TRADING 12.78/DISCOUNT 2.68
END
And now the Gold inventory at the GLD/
MARCH 18/WITH GOLD DOWN $0.70: A BIG CHANGE TODAY: A WITHDRAWAL OF 1.32 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 771.04 TONNES
MARCH 15/WITH GOLD UP $7.50 TODAY; NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 772.46 TONNES
MARCH 14/WITH GOLD DOWN $13.60 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 772.46 TONNES
MARCH 13/WITH GOLD UP $11.10 TODAY: A HUGE DEPOSIT AGAIN OF 2.93 TONNES INTO THE GLD INVENTORY/INVENTORY RESTS AT 772.46 TONNES
MARCH 12/WITH GOLD UP $7.00: A HUGE DEPOSIT OF 2.94 TONNES OF GOLD INTO THE GLD INVENTORY/INVENTORY RESTS AT 769.53 TONNES
MARCH 11/WITH GOLD DOWN $8.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 766.59 TONNES
MARCH 8/WITH GOLD UP $13.40: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 766.59 TONNES
MARCH 7/WITH GOLD DOWN $1.40 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 766.59 TONNES
MARCH 6/WITH GOLD UP $3.30 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 766.59 TONNES
MARCH 5/WITH GOLD DOWN ONLY $1.70: A HUGE WITHDRAWAL OF 5.87 TONNES FROM THE GLD INVENTORY AND THIS GOLD HAS BEEN USED IN THE WHACKING PROCESS YESTERDAY AND TODAY/INVENTORY RESTS AT 766.59 TONNES
MARCH 4/WITH GOLD ANOTHER $12.50 TODAY: A HUGE WITHDRAWAL OF 11.76 TONNES FROM THE GLD INVENTORY//INVENTORY RESTS AT 772.46 TONNES
MAR 1/WITH GOLD DOWN $16.90 TODAY; A HUGE WITHDRAWAL OF 4.11 TONNES FROM THE GLD INVENTORY//INVENTORY RESTS AT 784.22 TONNES
FEB 28/WITH GOLD DOWN $4.80: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 788.33
FEB 27/WITH GOLD DOWN $6.80: NO CHANGE IN GOLD INVENTORY//INVENTORY RESTS AT 788.33 TONNES
FEB 26 WITH GOLD DOWN $1.10: A WITHDRAWAL OF 1.18 TONNES FROM THE GLD INVENTORY/INVENTORY RESTS AT 788.33
FEB 25/WITH GOLD DOWN $3.10: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 789.51 TONNES
FEB 22/WITH GOLD UP $5.15 A HUGE WITHDRAWAL OF 4.99 TONNES OF GOLD FROM THE GLD INVENTORY/INVENTORY RESTS AT 789.51 TONNES
FEB 21/WITH GOLD DOWN $19.50/ A SURPRISE GAIN (DEPOSIT) OF 2.05 TONNES INTO THE GLD INVENTORY/INVENTORY RESTS AT 794.50 TONNES
FEB 20/WITH GOLD UP $3.10 TODAY: SURPRISINGLY NO CHANGE IN GOLD INVENTORY/GLD INVENTORY RESTS AT 792.45 TONNES
FEB 19/WITH GOLD UP $22.95/ TWO TRANSACTIONS: A HUGE 3.82 TONNES OF GOLD WITHDRAWAL FROM THE GLD THIS MORNING AND THEN 0.58 TONNES THIS AFTERNOON///INVENTORY RESTS AT 792,45 TONNES. FROM FEB 1/2019 UNTIL TODAY, GOLD IS UP $24.25 AND YET GOLD WITHDRAWALS ARE A HUGE 31.42 TONNES/THIS IS CRIMINAL!!
FEB 15/WITH GOLD UP $8.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 796.85 TONNES
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MAR 18/2019/ Inventory rests tonight at 771.04 tonnes
*IN LAST 560 TRADING DAYS: 163.91 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 460 TRADING DAYS: A NET 2.91TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.
end
Now the SLV Inventory/
MARCH 18/WITH SILVER DOWN 2 CENTS TODAY: NO CHANGES IN SILVER INVENTORY//INVENTORY RESTS AT 310.848 MILLION OZ///
MARCH 15/WITH SILVER UP 16 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS TODAY AT 310.848 MILLION OZ//
MARCH 14/WITH SILVER DOWN 30 CENTS: A SURPRISING DEPOSIT OF 1.17 MILLION OZ OF SILVER INTO THE SLV//INVENTORY RESTS AT 310.848 MILLION OZ//
MARCH 13/WITH SILVER UP 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY/INVENTORY AT THE SLV RESTS AT 309.676 MILLION OZ/
MARCH 12/WITH SILVER UP 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY/INVENTORY AT THE SLV RESTS AT 309.676 MILLION OZ////
MARCH 11/WITH SILVER DOWN 7 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 516,000 OZ/INVENTORY RESTS AT 309.676 MILLION OZ///
MARCH 8/WITH SILVER UP 34 CENTS: STRANGE!! TWO TRANSACTIONS!! IN THE MORNING A WITHDRAWAL OF 703,000 OZ FROM THE SLV/INVENTORY RESTS AT 307,800 OZ/ IN THE AFTERNOON: A DEPOSIT OF 1.56 MILLION OZ/INVENTORY FINALLY RESTS AT 309.160 MILLION OZ//
MARCH 7/WITH SILVER DOWN 4 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 308.503 MILLION OZ//
MARCH 6/WITH SILVER DOWN 2 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 308.503 MILLION OZ
MARCH 5/WITH SILVER UP ONE CENT: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 308.503 MILLION OZ///
MARCH 4/WITH SILVER DOWN 14 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV; A WITHDRAWAL OF 871,000 OZ OF SILVER FROM THE SLV///INVENTORY RESTS AT 308.503 MILLION OZ/
MARCH 1/ WITH SILVER DOWN 38 CENTS/NO CHANGE IN SILVER INVENTORY
FEB 28/WITH SILVER DOWN 12 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.374
FEB 27/WITH SILVER DOWN 14 CENTS//A SMALL CHANGE IN INVENTORY: A WITHDRAWAL OF 610,000 OZ//SLV INVENTORY RESTS AT 309.374 MILLION OZ/
FEB 26/WITH SILVER DOWN ONE CENT; NO CHANGE IN INVENTORY/RESTS AT 309.984
FEB 25./WITH SILVER DOWN 7 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.984 MILLION OZ/
FEB 22/WITH SILVER UP 7 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.984 MILLION OZ///
FEB 21/WITH SILVER DOWN 37 CENTS: SURPRISINGLY A DEPOSIT OF 1.688 MILLION OZ OF SILVER INVENTORY/ INTO THE SLV/INVENTORY RESTS AT 309.984 MILLION OZ///
FEB 20/WITH SILVER UP 19 CENTS AND ON A TEAR: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 308.296 MILLION OZ/
FEB 19/WITH SILVER UIP 25 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 938,000 OZ/INVENTORY RESTS AT 308.296 MILLION OZ/
FEB 15/WITH SILVER UP 19 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 307.358 MILLION OZ/
MAR 18/2019:
Inventory 310.848 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
THE RISE IN LIBOR IS CREATING A SCARCITY OF DOLLARS BECAUSE FOREIGN EXCHANGE SWAPS (COSTS) ARE SIMPLY PROHIBITIVE
YOUR DATA.....
6 Month MM GOFO 2.11/ and libor 6 month duration 2.67
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: + .56
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12 Month MM GOFO+ 2.44%
LIBOR FOR 12 MONTH DURATION: 2.84
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.40
end