Harvey Organ: HUGE Withdrawal From SLV, Expect Friday Raid On Silver
In contrast to gold, there is HUGE ACTIVITY in silver. Harvey explains...
by Harvey Organ of Harvey Organ Blog
OCT 17/GOLD UP $4.00 TO $1494.50//SILVERUP 17 CENTS TO $17.59//ANOTHER HUGE QUEUE JUMP AT THE GOLD AS BANKERS ARE DESPERATE TO FIND PHYSICAL GOLD//SUPPOSEDLY WE HAVE A BREXIT DEAL..LET US SEE HOW THIS PLAYS OUT//ANOTHER HUGE POMO AS LIQUIDITY DRIES UP//COLLATERAL RATE REMAINS ELEVATED AT 2.02% AND THIS IS HIGHER THAN THE FED'S RATE//
GOLD:$1494.50 UP $4.00(COMEX TO COMEX CLOSING
Silver:$17.59 UP 17 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : $1492.00
silver: $17.55
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING 101/149
EXCHANGE: COMEXCONTRACT: OCTOBER 2019 COMEX 100 GOLD FUTURESSETTLEMENT: 1,488.000000000 USDINTENT DATE: 10/16/2019 DELIVERY DATE: 10/18/2019FIRM ORG FIRM NAME ISSUED STOPPED____________________________________________________________________________________________072 H GOLDMAN 149118 H MACQUARIE FUT 35657 C MORGAN STANLEY 3661 C JP MORGAN 101737 C ADVANTAGE 7905 C ADM 3____________________________________________________________________________________________
TOTAL: 149 149MONTH TO DATE: 10,943
___________________________________________________________________________________
we are coming very close to a commercial failure!!
NUMBER OF NOTICES FILED TODAY FOR OCT CONTRACT: 149 NOTICE(S) FOR 14900 OZ (0.4634 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 10,943 NOTICES FOR 1,094,300 OZ (34.037 TONNES)
SILVER
FOR OCT
48 NOTICE(S) FILED TODAY FOR 240,000 OZ/
total number of notices filed so far this month: 1060 for 5,300,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: OPENING MORNING TRADE : $ 8029 UP 49
Bitcoin: FINAL EVENING TRADE: $ 8056 UP 68
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
IN SILVER THE COMEX OI FELL BY A SMALL SIZED 712 CONTRACTS FROM 210,916 DOWN TO 210,204 DESPITE THE 4 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 HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP'S. WE WERE NOTIFIED THAT WE HAD A HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,
FOR SEPT 0,; DEC 2230 AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 2230 CONTRACTS. WITH THE TRANSFER OF 2230 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 2230 EFP CONTRACTS TRANSLATES INTO 11.15 MILLION OZ ACCOMPANYING:
1.THE 4 CENT GAIN IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST 12 MONTHS:
JUNE/2018. (5.420 MILLION OZ);
FOR JULY: 30.370 MILLION OZ
FOR AUG., 6.065 MILLION OZ
FOR SEPT. 39.505 MILLION OZ S
FOR OCT.2.525 MILLION OZ.
FOR NOV: A HUGE 7.440 MILLION OZ STANDING AND
21.925 MILLION OZ FINALLY STAND FOR DECEMBER.
5.845 MILLION OZ STAND IN JANUARY.
2.955 MILLION OZ STANDING FOR FEBRUARY.:
27.120 MILLION OZ STANDING IN MARCH.
3.875 MILLION OZ STANDING FOR SILVER IN APRIL.
18.845 MILLION OZ STANDING FOR SILVER IN MAY.
2.660 MILLION OZ STANDING FOR SILVER IN JUNE//
22.605 MILLION OZ STANDING FOR JULY
10.025 MILLION OZ INITIAL STANDING IN AUGUST.
43.030 MILLION OZ INITIALLY STANDING IN SEPT. (HUGE)
6.645 MILLION OZ INITIALLY STANDING IN OCT
YESTERDAY, A MINOR ATTEMPT BY THE BANKERS TO COVER THEIR MASSIVE SHORTFALL AT THE SILVER COMEX.... OUR OFFICIAL SECTOR//BANKERS AGAIN USED HUGE COPIOUS NON BACKED PAPER IN THEIR UNSUCCESSFUL ENDEAVOUR TO WHACK SILVER'S PRICE (4 CENTS HIGHER). OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS THE TOTAL GAIN IN OI ON BOTH EXCHANGES TOTALED 1518 CONTRACTS.
THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR GOLD..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR SILVER. THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE
FOR THOSE OF YOU WHO ARE NEWCOMERS HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;
MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:
.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:
"AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO SILVER AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.
HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF OCT HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF OCTOBER FOR GOLD.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES, HERE IS THE BANKERS MODUS OPERANDI:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE IN THIS NON ACTIVE MONTH OF OCT BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVER WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE."
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF OCT:
15,343 CONTRACTS (FOR 13 TRADING DAYS TOTAL 15,343 CONTRACTS) OR 76.72 MILLION OZ: (AVERAGE PER DAY: 1180 CONTRACTS OR 5.900 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF AUGUST: 76.72 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 10.96% 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: 1716.45 MILLION OZ.
JANUARY 2019 EFP TOTALS: 217.455. MILLION OZ
FEB 2019 TOTALS: 147.4 MILLION OZ/
MARCH 2019 TOTAL EFP ISSUANCE: 207.835 MILLION OZ
APRIL 2019 TOTAL EFP ISSUANCE: 182.87 MILLION OZ.
MAY 2019: TOTAL EFP ISSUANCE: 136.55 MILLION OZ
JUNE 2019 , TOTAL EFP ISSUANCE: 265.38 MILLION OZ
JULY 2019 TOTAL EFP ISSUANCE: 175.74 MILLION OZ
AUG. 2019 TOTAL EFP ISSUANCE; 216.47 MILLION OZ
SEPT 2019 TOTAL EFP ISSUANCE 174.900 MILLION OZ
RESULT: WE HAD A SMALL SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 712, DESPITE THE 4 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 2230 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: 1518 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 2230 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH DECREASE OF 712 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 4 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $17.42 WITH RESPECT TO YESTERDAY'S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY!!
In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.051 BILLION OZ TO BE EXACT or 151% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 48 NOTICE(S) FOR 240,000 OZ OF SILVER
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.78.
.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ MAY: 36.285 MILLION OZ ; JUNE/2018 (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ ) FOR AUGUST 6.065 MILLION OZ. , SEPT: A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ JANUARY AT 5.825 MILLION OZ.AND FEB 2019: 2.955 MILLION OZ/ MARCH: 27.120 MILLION OZ/ APRIL AT 3.875 MILLION OZ/ A MAY: 18.845 MILLION OZ ..JUNE 2.660 MILLION OZ//JULY 22.605 MILLION OZ; AUGUST 10.025 MILLION OZ/ SEPT 43.030 MILLION OZ//OCT: 6.645 MILLION OZ// THE RECORD WAS SET IN 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/2017 RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLION OZ/ AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZAND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A GOOD SIZED 3502 CONTRACTS, TO 610,589 ACCOMPANYING THE $10.25 PRICING GAIN WITH RESPECT TO COMEX GOLD PRICING// YESTERDAY// /
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED 6082 CONTRACTS:
OCT 2019: 0 CONTRACTS, DEC> 6082 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 610,889,,. 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 GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 9584 CONTRACTS: 3502 CONTRACTS INCREASED AT THE COMEX AND 6082 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 9584 CONTRACTS OR 958400 OZ OR 29.81 TONNES. YESTERDAY WE HAD A GAIN OF $10.25 IN GOLD TRADING....
AND WITH THAT GAIN IN PRICE, WE HAD A STRONG GAIN IN GOLD TONNAGE OF 29.81 TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON. THE BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD'S PRICE .THEY WERE UNSUCCESSFUL IN FLEECING GOLD LONGS FROM THE GOLD ARENA.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF OCT : 85,093 CONTRACTS OR 8,509,300 oz OR 264.67 TONNES (13 TRADING DAY AND THUS AVERAGING: 6545 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 13 TRADING DAYS IN TONNES: 264.67 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 264.67/3550 x 100% TONNES =7.45% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP'S YEAR 2019 TO DATE: 4928.58 TONNES
JANUARY 2019 TOTAL EFP ISSUANCE; 531.20 TONNES
FEB 2019 TOTAL EFP ISSUANCE: 344.36 TONNES
MARCH 2019 TOTAL EFP ISSUANCE: 497.16 TONNES
APRIL 2019 TOTAL ISSUANCE: 456.10 TONNES
MAY 2019 TOTAL ISSUANCE: 449.10 TONNES
JUNE 2019 TOTAL ISSUANCE: 642.22 TONNES
JULY 2019: TOTAL ISSUANCE: 591.56 TONNES
AUG. 2019 TOTAL ISSUANCE: 639.62 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 GOOD SIZED INCREASE IN OI AT THE COMEX OF 3502 WITH THE PRICING GAIN THAT GOLD UNDERTOOK YESTERDAY($10.25)) //.WE ALSO HAD A HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 6082 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 6082 EFP CONTRACTS ISSUED, WE HAD A STRONG SIZED GAIN OF 9937 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
6082 CONTRACTS MOVE TO LONDON AND 3502 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 29.81 TONNES). ..AND THIS STRONG INCREASE OF DEMAND OCCURRED WITH THE GAIN IN PRICE OF $10.25 WITH RESPECT TO YESTERDAY'S TRADING AT THE COMEX.
THE COMEX IS NOW UNDER FULL ASSAULT WITH RESPECT TO GOLD AND SILVER.
we had: 149 notice(s) filed upon for 14,900 oz of gold at the comex.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD UP $4.00 TODAY//(COMEX-TO COMEX)
A HUGE CHANGE IN GOLD INVENTORY AT THE GLD..
A WITHDRAWAL (PAPER) OF 1.47 TONNES AND THIS WILL PROBABLY BE USED IN A RAID TOMORROW
INVENTORY RESTS AT 918.19 TONNES
TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD. IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY
SLV/
WITH SILVER UP 17 CENTS TODAY:
A HUGE CHANGE IN SILVER INVENTORY AT THE SLV//
A PAPER WITHDRAWAL OF 1.87 MILLION OZ OF SILVER AND NOW WE SHOULD EXPECT A RAID
FRIDAY
/INVENTORY RESTS AT 380.919 MILLION OZ.
Let us head over to the comex:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A GOOD SIZED 3502 CONTRACTS TO A LEVEL OF 610,889 ACCOMPANYING THE GAIN OF $10.25 IN GOLD PRICING WITH RESPECT TO YESTERDAY'S // COMEX TRADING)
WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF OCT.. THE CME REPORTS THAT THE BANKERS ISSUED STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 6082 EFP CONTRACTS WERE ISSUED:
FOR OCT; 0 CONTRACTS: DEC: 6082 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 6082 CONTRACTS.
THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS. ALSO REMEMBER THAT THERE IS NO DOUBT A HUGE DELAY IN THE ISSUANCE OF EFP'S AND IT PROBABLY TAKES AT LEAST 48 HRS AFTER OUR LONGS GIVE UP THEIR COMEX CONTRACTS FOR THEM TO RECEIVE THEIR EFP'S AS THEY ARE NEGOTIATING THIS CONTRACT WITH THE BANKS FOR A FIAT BONUS PLUS THEIR TRANSFER TO A LONDON BASED FORWARD.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: 9584 TOTAL CONTRACTS IN THAT 6082 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A GOOD SIZED 3855 COMEX CONTRACTS.
THE BANKERS SUPPLIED THE NECESSARY AND INFINITE AMOUNT OF SHORT PAPER IN GOLD. THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD'S PRICE AS IT ROSE BY $10.25. HOWEVER, JUDGING BY THE STRENGTH IN GAIN OF OUR TOTAL OI CONTRACTS, THEY WERE UNSUCCESSFUL IN THE ENDEAVOUR TO FLEECE ANY UNSUSPECTING LONGS.
NET GAIN ON THE TWO EXCHANGES :: 9584 CONTRACTS OR 958,400 OZ OR 29.84 TONNES.
We are now in the active contract month of OCTOBER. This month is generally the poorest delivery month of the year as must players prefer to go straight to the big active delivery month of December. Strangely October will turn out to be a huge delivery month. Today we have 989 contracts still standing for a GAIN of 253 contracts. Yesterday we had 4 notices served upon so we have another whopper of a gain of 257 contracts or an additional 25,700 oz will stand as these guys refused to morph into London based forwards as well as negating a fiat bonus. We again have queue jumping by the bankers/official sector in their attempt to find physical metal on this side of the pond.
The next active delivery month after October is the non active contract month of November. Here we saw a GAIN of 69 contracts and thus the OI INCREASED to 1216. The very big December contract month saw its oi FALL by 509 contracts DOWN to 466,453.
TODAY'S NOTICES FILED:
WE HAD 149 NOTICES FILED TODAY AT THE COMEX FOR 14900 OZ. (0.4634 TONNES)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And now for the wild silver comex results.
Total COMEX silver OI FELL BY A SMALL SIZED 712 CONTRACTS FROM 210,916 DOWN TO 210,204 (AND FURTHER FROM THE NEW RECORD OI FOR SILVER SET ON AUGUST 22.2018. THE PREVIOUS RECORD WAS SET APRIL 9.2018/ 243,411 CONTRACTS) AND TODAY'S SMALL OI COMEX LOSS OCCURRED WITH A 4 CENT GAIN IN PRICING.//YESTERDAY.
WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF OCTOBER. HERE WE HAVE 317 OPEN INTEREST STAND FOR DELIVERY WITH A GAIN OF 28 CONTRACTS. WE HAD 19 CONTACTS SERVED UPON YESTERDAY SO WE GAINED 47 CONTRACTS OR 235,000 ADDITIONAL OZ WILL STAND FOR DELIVERY IN THIS NON ACTIVE MONTH. THE ALSO REFUSED TO MORPH INTO LONDON BASED FORWARDS AS WELL AS NEGATING A FIAT BONUS.
AFTER OCTOBER WE HAVE THE NON ACTIVE MONTH OF NOVEMBER AND HERE WE HAD A SMALL LOSS OF 29 CONTRACTS TO STAND AT 477. THE NEXT ACTIVE DELIVERY MONTH AFTER SEPT IS DECEMBER AND HERE THE OI FALLS BY 827 CONTRACTS DOWN TO 156,614.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 48 notice(s) filed for 240,000, OZ for the OCT, 2019 COMEX contract for silver
Trading Volumes on the COMEX TODAY: 291,625 CONTRACTS
CONFIRMED COMEX VOL. FOR YESTERDAY: 392,376 contracts
INITIAL standings for OCT/GOLD
OCT 17/2019
we had 0 dealer entry:
We had 1 kilobar entry
total dealer deposits: nil oz
total dealer withdrawals: nil oz
we had 0 deposit into the customer account
i) Into JPMorgan: nil oz
ii) Into everybody else: nil oz
total gold deposits: nil oz
very little gold arrives from outside/ today: zero amount arrived
we had 1 gold withdrawal from the customer account:
i)Out of Brinks: 642.96 oz
20 kilobars
total gold withdrawals; 642.96 oz
FOR THE OCT 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 149 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 101 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account and 0 notices by the squid (Goldman Sachs)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
To calculate the INITIAL total number of gold ounces standing for the OCT /2019. contract month, we take the total number of notices filed so far for the month (10,943) x 100 oz , to which we add the difference between the open interest for the front month of OCT. (989 contract) minus the number of notices served upon today (149 x 100 oz per contract) equals 1,178300 OZ OR 36.65 TONNES) the number of ounces standing in this active month of OCT
Thus the INITIAL standings for gold for the OCT/2019 contract month:
No of notices served (10943 x 100 oz) + (989)OI for the front month minus the number of notices served upon today (149 x 100 oz )which equals 1,178,300 oz standing OR 36.65 TONNES in this active delivery month of OCT.
We gained a strong 287 contracts OR 28,700 ADDITIONAL OZ which queue jumped as our bankers //official sector were searching for badly needed physical on this side of the pond. There is no doubt that these guys need to put out fires springing up everywhere!!
SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES.... WE HAVE ONLY 35.696 TONNES OF REGISTERED
HERE IS WHAT STOOD DURING THESE PAST 3 MONTHS: AUGUST 27.153 TONNES
SEPT: 5.4525 TONNES
AND NOW....................................................................................... OCT. 36.65 TONNES
ACCORDING TO COMEX RULES:
FOR A SETTLEMENT YOU NEED A TRANSFER FROM THE DEALER (REGISTERED) ACCOUNT OVER TO AN ELIGIBLE ACCOUNT. FOR THE ENTIRE MONTH OF AUGUST WE HAD O TRANSACTIONS ON THIS FRONT IN SEPT 2 TRANSACTIONS FOR 2.6 TONNES.
IF WE ADD THE THREE DELIVERY MONTHS: 69.255
TONNES- 2.60 TONNES DEEMED SETTLEMENT = 66.655 TONNES STANDING FOR METAL AGAINST 35.78 TONNES OF REGISTERED OR FOR SALE COMEX GOLD! THIS IS WHY GOLD IS SCARCE AT THE COMEX.
WHY ARE THEY NOT SETTLING?
total registered or dealer gold: 1,150,634.308 oz or 35.789 tonnestotal registered and eligible (customer) gold; 8,186,485.034 oz 254.63 tonnes
IN THE LAST 36 MONTHS 107 NET TONNES HAS LEFT THE COMEX.
THE GOLD COMEX IS NOW IN STRESS AS1. GOLD IS LEAVING THE COMEX 2. GOLD IS LEAVING THE REGISTERED CATEGORY OF THE COMEX.
end
And now for silver
AND NOW THE DELIVERY MONTH OF OCT.
INITIAL standings/SILVER
IN TOTAL CONTRAST TO GOLD, HUGE ACTIVITY IN SILVER TODAY.OCT 17 2019
**
we had 0 inventory movement at the dealer side of things
total dealer deposits: nil oz
total dealer withdrawals: nil oz
we had 1 deposits into the customer account
into JPMorgan: 597,713.700 oz
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 158.357 million oz of total silver inventory or 50.43% of all official comex silver. (158.357 million/314.0 million
total customer deposits today: 597,713.700 oz
we had 2 withdrawals out of the customer account:
i) Out of Brinks: 597,713.700 oz and this landed into the crook JPMorgan
ii) Out of HSBC: 4136.45 oz
total 601,850.150 oz
we had 1 adjustment :
i) Out of Delaware: 211,322.032 oz was adjusted out of the customer account of Delaware and this landed into the dealer account ofDelaware
total dealer silver: 81.635 million
total dealer + customer silver: 314.030 million oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The total number of notices filed today for the OCT 2019. contract month is represented by 48 contract(s) FOR 260,000 oz
To calculate the number of silver ounces that will stand for delivery in OCT, we take the total number of notices filed for the month so far at 1060 x 5,000 oz = 5,300,000 oz to which we add the difference between the open interest for the front month of OCT. (317) and the number of notices served upon today 48 x (5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the OCT/2019 contract month: 1060 (notices served so far) x 5000 oz + OI for front month of OCT (317)- number of notices served upon today (48) x 5000 oz equals 6,645,000 oz of silver standing for the OCT contract month.
WE GAINED 47 contracts or an additional 235,000 oz of silver will stand at the comex as they guys refused to morph into London based forwards. For the past several weeks we have been witnessing queue jumping in both gold and silver.
LADIES AND GENTLEMEN: THE COMEX IS UNDER ASSAULT FOR BOTH PHYSICAL GOLD AND SILVER WITH SILVER IN THE LEAD BY FAR. DESPITE MASSIVE RAIDS, LONGS CONTINUE WITH THEIR HUNT AT THE COMEX FOR PHYSICAL METAL.. IT WILL NOT BE LONG BEFORE WE WITNESS A COMMERCIAL FAILURE..STAY TUNED..WE WITNESSED CONSIDERABLE BANKER SHORT COVERING IN SILVER TODAY AND AN ATTEMPTED BANKER SHORT COVERING IN GOLD WITH ZERO SUCCESS.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 48 notice(s) filed for 240,000 OZ for the OCT, 2019 COMEX contract for silver
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
TODAY'S ESTIMATED SILVER VOLUME: 59,317 CONTRACTS (we had considerable spreading activity..accumulation
CONFIRMED VOLUME FOR YESTERDAY: 84,228 CONTRACTS..
YESTERDAY'S CONFIRMED VOLUME OF 84,228 CONTRACTS EQUATES to 421 million OZ 60.1% OF ANNUAL GLOBAL PRODUCTION OF SILVER..makes sense!!
COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42The previous record was 224,540 contracts with the price at that time of $20.44
end
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
NPV for Sprott
1. Sprott silver fund (PSLV): NAV RISES TO -1.57% ((OCT 17/2019)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -1.09% to NAV (OCT 17/2019 )Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/ -1.57%
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 14.95 TRADING 14.43///DISCOUNT 3.49
END
And now the Gold inventory at the GLD/
OCT 17/WITH GOLD UP $4.00 TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.47 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 918.19 TONNES
OCT 16/WITH GOLD UP $10.25 TODAY//A BIG CHANGE IN GOLD INVENTORY AT THE GLD; A PAPER WITHDRAWAL OF 2.05 TONNES/INVENTORY RESTS AT 919.66 TONNES
OCT 15//WITH GOLD DOWN$13.25 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 921.71 TONNES
OCT 14/2019: WITH GOLD UP $8.25 TODAY//NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 921.71 TONNES
OCT 11/WITH GOLD DOWN $12.90 TODAY NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 921.71 TONNES
OCT 10/WITH GOLD DOWN $10.00 TODAY, A SMALL CHANGE IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 2.05 TONNES OF GOLD FROM THE GLD//INVENTORY RESTS AT 921,71 TONNES
OCT.9//WITH GOLD UP $8.90//NO CHANGE IN GOLD INVENTORY AT THE GLD
OCT 8\WITH GOLD DOWN 35 CENTS //NO CHANGE IN GOLD INVENTORY AT THE GLD
0CT 7 WITH GOLD DOWN 7 DOLLARS//A BIG CHANGE //A DEPOSIT OF 2.93 TONNES//
INVENTORY RISES TO 923.76 TONNES
OCT 1/WITH GOLD UP $15.25 A HUGE PAPER WITHDRAWAL OF 2.05 TONNES FROM THE GLD///INVENTORY REST AT 920.83 TONNES
SEPT 30/WITH GOLD DOWN $32.50: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.06 TONNES FROM THE GLD /INVENTORY RESTS AT 922.88 TONNES
SEPT 27.WITH GOLD DOWN $8.20 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 924.94 TONNES
SEPT 26//WITH GOLD UP $2.70 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 924.94 TONNES
SEPT 25/WITH GOLD DOWN $26.90 A HUGE PAPER DEPOSIT OF: 16.42 TONNES//INVENTORY RESTS AT 924.94 TONNES
SEPT 24/WITH GOLD UP $8.65 TODAY: A MONSTROUS CHANGE IN GOLD INVENTORY AT THE GLD: AN OUT OF THIS WORLD DEPOSIT OF 14.37 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 894.15 TONNES
SEPT 23/WITH GOLD UP $16.25 ON THE DAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER ADDITION OF 10.65 TONNES//INVENTORY RESTS AT 894.15 TONNES
SEPT 20/WITH GOLD UP $8.60 ON THE DAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 883.06 TONNES
SEPT 19/WITH GOLD DOWN $8.90 TODAY: A BIG CHANGES IN GOLD INVENTORY AT THE GLD: A PAPER DEPOSIT OF 3.23 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 883.60 TONNES
SEPT 18/WITH GOLD UP $2.40 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER DEPOSIT OF 5.86 TONNES/INVENTORY RESTS AT 880.37 TONNES
SEPT 17/WITH GOLD UP $1.50: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 874.51 TONNES
SEPT 16/WITH GOLD UP $11.75 TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 5.86 TONNES FROM THE GLD///INVENTORY RESTS AT 874.51 TONNES
SEPT 13/WITH GOLD DOWN $7.75 TODAY: A BIG PAPER WITHDRAWAL OF 2.05 TONNES FROM THE GLD/INVENTORY RESTS AT 880.37 TONNES
SEPT 12//WITH GOLD UP $4.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 882.42 TONNES
SEPT 11/WITH GOLD UP $5.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 882.42 TONNES
SEPT 10/WITH GOLD DOWN $11.75 TODAY: A HUGE 7.33 PAPER TONNES OF GOLD WAS WITHDRAWN FROM THE GLD/INVENTORY RESTS AT 882.42 TONNES
SEPT 9/WITH GOLD DOWN $4.75 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 889.75 TONNES
SEPT 6//WITH GOLD DOWN $9.80: A BIG CHANGE IN GOLD INVENTORY AT THE SLV: A PAPER WITHDRAWAL OF 6.15 TONNES//INVENTORY RESTS AT 889.75 TONNES
SEPT 5/WITH GOLD DOWN $33.80 TODAY: A BIG ADDITION (DEPOSIT) OF 5.86 OF PAPER GOLD TONNES PROBABLY ADDED BEFORE THE RAID/EXPECT A HUGE PAPER WITHDRAWAL TOMORROW: INVENTORY RESTS AT 895.90 TONNES
SEPT 4/WITH GOLD UP $5.00 TODAY: A BIG CHANGE: A HUGE PAPER DEPOSIT OF: 11.73 TONNES/INVENTORY RESTS AT ....890.04 TONNES
SEPT 3/WITH GOLD UP $25.60 TODAY: STRANGE: A WITHDRAWAL OF 2.05 PAPER TONNES FROM THE GLD// /INVENTORY RESTS AT 878.31 TONNES
AUGUST 30 WITH GOLD DOWN $7.00: A BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.05 TONNES/INVENTORY RESTS AT 880.36 TONNES
AUGUST 29/WITH GOLD DOWN $11.65: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 9.09 PAPER TONNES OF GOLD INTO THE GLD INVENTORY/INVENTORY RESTS AT 882.41 TONNES
AUGUST 28/WITH GOLD DOWN $2.15 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 873.32 TONNES
AUGUST 27//WITH GOLD UP $14.50 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER DEPOSIT OF 13.49 TONNES INTO THE GLD///INVENTORY RESTS AT 873.32 TONNES
AUGUST 26/WITH GOLD UP 0.25 TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 4.99 TONNES/INVENTORY RESTS AT 859.83 TONNES
AUGUST 23/WITH GOLD UP $28.50 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 854.84 TONNES
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
OCT 17/2019/ Inventory rests tonight at 918.19 tonnes
*IN LAST 683 TRADING DAYS: 31.46 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 583 TRADING DAYS: A NET 135.68 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.
end
Now the SLV Inventory/
OCT 17./WITH SILVER UP 17 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER WITHDRAWAL OF 1.87 MILLION OZ FROM THE SLV.//INVENTORY RESTS AT 380.919 MILLION OZ//
OCT 16/WITH SILVER UP 4 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 382.789 MILLION OZ//
OCT 15/WITH SILVER DOWN 30 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER WITHDRAWAL OF 2.15 MILLION OZ//. INVENTORY RESTS AT 382.789 MILLION OZ.
OCT 14/WITH SILVER UP 18 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 384.939 MILLION OZ
OCT 11/WITH SILVER DOWN 6 CENTS NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 384.939 MILLION OZ//
OCT 10/2016//WITH SILVER DOWN 22 CENTS: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 1.443 MILLION OZ INTO THE SLV/INVENTORY RESTS AT 384.939 MILLION OZ
OCT 8/WITH SILVER UP 15 CENTS //NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 383.496 MILLION OZ
OCT 7/WITH SILVER DOWN 6 CENTS A SMALL WITHDRAWAL OF 166,000 OZ/INVENTORY LOWERS TO 383.496 MILLION OZ
OCT 1.2019 //WITH SILVER UP 30 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 1.87 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 383.656 MILLION OZ//
SEPT 30/WITH SILVER DOWN 58 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 381.786 MILLION OZ/
SEPT 27/WITH SILVER DOWN 34 CENTS TODAY/ NO CHANGE IN SILVER INVENTORY AT THE SLV//.INVENTORY RESTS AT 381.786 MILLION OZ/
SEPT 26/WITH SILVER DOWN 12 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 3.975 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 381.786 MILLION OZ/
SEPT 25.//WITH SILVER DOWN 58 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 377.811 MILLION OZ//
SEPT 24/WITH SILVER DOWN 5 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.338 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 377.811 MILLION OZ//
SEPT 23.2019/WITH SILVER UP 80 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 375.473 MILLION OZ.
SEPT 20/ WITH SILVER UP 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 375.473 MILLION OZ.
SEPT 19/WITH SILVER DOWN 4 CENTS TODAY; A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER WITHDRAWAL OF 1.029 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 375.473 MILLION OZ/
SEPT 18/WITH SILVER DOWN 24 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 376.502 MILLION OZ//
SEPT 17/WITH SILVER UP 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 376.502 MILLION OZ//
SEPT 16/WITH SILVER UP 41 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV; A PAPER WITHDRAWAL OF 2.899 MILLION OZ OF SILVER LEAVES THE SLV///INVENTORY RESTS AT 376.502 MILLION OZ/
SEPT 13/ NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 379.401 MILLION OZ//
SEPT 12/ NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 379.401 MILLION OZ//
SEPT 11/WITH SILVER DOWN ONE CENT TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 379.401 MILLION OZ//
SEPT 10/WITH SILVER UP 2 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV" A WITHDRAWAL OF 1.778 MILLION PAPER OZ OF SILVER///INVENTORY RESTS AT 379.401 MILLION OZ//
SEPT 9/WITH SILVER DOWN 6 CENTS TODAY: A MAMMOTH CHANGE IN SILVER INVENTORY: A WITHDRAWAL OF 5.425 MILLION PAPER OZ/INVENTORY RESTS AT 381.179 MILLION OZ../
SEPT 6/WITH SILVER DOWN ANOTHER 60 CENTS TODAY: A RATHER TIMID CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 842,000 PAPER OZ FROM THE SLV///INVENTORY RESTS AT 386.604 MILLION OZ//
SEPT 5/WITH SILVER WHACKED 68 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 387.446 MILLION OZ//
SEPT 4/WITH SILVER UP 28 CENTS TODAY:STRANGE!! A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 708,000 OZ FROM SLV'S INVENTORY:/INVENTORY RESTS AT 387.446 MILLION OZ//
SEPT 3/WITH SILVER UP 83 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 388.154 MILLION OZ/
AUGUST 30/WITH SILVER DOWN 2 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 388.154 TONNES
AUGUST 29/WITH SILVER DOWN 13 CENTS TODAY: A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 2.714 MILLION OZ INTO THE SLV INVENTORY//INVENTORY RESTS AT 388.154 MILLION OZ/
AUGUST 28/WITH SILVER UP 19 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 385.440 MILLION OZ/
AUGUST 27/WITH SILVER UP 52 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 385.440 MILLION OZ//
AUGUST 26/WITH SILVER UP 23 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV; A DEPOSIT OF 1.59 MILLION OZ INTO SLV INVENTORY///INVENTORY RESTS AT 385.440 MILLION OZ//
AUGUST 23/WITH SILVER UP 37 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 383.850 MILLION OZ//
OCT 17/2019:
Inventory 380.919 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
YOUR DATA.....
6 Month MM GOFO 1.96/ and libor 6 month duration 1.98
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: + .02
XXXXXXXX
12 Month MM GOFO+ 1.91%
LIBOR FOR 12 MONTH DURATION: 1.99
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.08
end