Harvey Organ: Ladies And Gentlemen...COMEX IS UNDER ASSAULT FOR BOTH GOLD & SILVER!
The bankers are in SERIOUS TROUBLE, especially with the truly mammoth derivative short in silver...
by Harvey Organ of Harvey Organ Blog
SEPT 4//GOLD REBOUNDS AGAIN UP $5.00 TO $1551.60//SILVER ALSO HAS A STELLAR DAY UP $.28 TO $19.43// HUGE PAPER DEPOSIT AT THE FRAUDULENT GLD OF 11.73 TONNES TO STAND AT 890.04 TONNES//HUGE INCREASE IN GOLD COMEX OI AND EFP ISSUANCE//STRONG OI AND STRONG EFP ISSUANCE FOR SILVER//LAM TO REMOVE EXTRADITION RIGHT FOR MAINLAND CHINA BUT NATIVES WANT BETTER DEMOCRACY//BORIS JOHNSON LOSES VOTE AND WILL NOW ASK FOR A NEW ELECTION//JIM BIANCO COMMENTS ON WHAT WILL HAPPEN ONCE WE PROCEED INTO ZERO BOUND INTEREST RATES//SWAMP STORIES FOR YOU TONIGHT///
GOLD:$1551.60 UP $5.00 (COMEX TO COMEX CLOSING
Silver:$19.43 UP 28 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : $1553.00
silver: $19.59
Gold and silver had stellar performances again today with gold advancing by $5.0 and silver by 28 cents. As I stated yesterday: "I have been pointing out to you lately that the bankers are in serious trouble as they have a massive derivative shortage in both metals but a truly mammoth one in silver. Bankers get killed in derivatives with the speed to which our precious metal rises. Silver, in late June was trading around $14.75 so a gain of over 4.40 in 2 months fries our bankers. Deutsche bank with huge silver exposure will no doubt need the support of the Bundesbank to continue."'
Today I got quite excited to see gold and silver rise and especially into the close at the comex. The bankers are loathe to keep any new paper shorts longer than a few hours.
Yesterday I pointed out to you a very important paper from Alasdair MacLeod as we are now heading into zero bound interest rates. Jim Bianco comments today on the same topic and that is your must read for today.
we are getting very close to a commercial failure!!
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING 26/75
EXCHANGE: COMEXCONTRACT: SEPTEMBER 2019 COMEX 100 GOLD FUTURESSETTLEMENT: 1,545.900000000 USDINTENT DATE: 09/03/2019 DELIVERY DATE: 09/05/2019FIRM ORG FIRM NAME ISSUED STOPPED____________________________________________________________________________________________118 H MACQUARIE FUT 24657 C MORGAN STANLEY 1661 C JP MORGAN 4661 H JP MORGAN 22737 C ADVANTAGE 37 15800 C MAREX SPEC 38905 C ADM 9____________________________________________________________________________________________
TOTAL: 75 75MONTH TO DATE: 1,596
NUMBER OF NOTICES FILED TODAY FOR SEPT CONTRACT: 75 NOTICE(S) FOR 7500 OZ (0.2328 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 1596 NOTICES FOR 159,600 OZ (4.9642 TONNES)
SILVER
FOR SEPT
651 NOTICE(S) FILED TODAY FOR 3,255,000 OZ/
total number of notices filed so far this month: 6132 for 30,660,000 oz
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Bitcoin: OPENING MORNING TRADE : $ 10,529 down 78
Bitcoin: FINAL EVENING TRADE: $ 10686 UP 64
Let us have a look at the data for today
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IN SILVER THE COMEX OI ROSE BY A HUGE AND CRIMINALLY SIZED 6901 CONTRACTS FROM 218,787 UP TO 225,688 WITH THE 83 CENT GAIN IN SILVER PRICING AT THE COMEX.
TODAY WE ARRIVED CLOSER TO 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, AND ZERO; DEC: FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 3322 CONTRACTS. WITH THE TRANSFER OF 3322 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 3322 EFP CONTRACTS TRANSLATES INTO 16.61 MILLION OZ ACCOMPANYING:
1.THE 83 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.
36.240 MILLION OZ INITIALLY STANDING IN SEPT. (HUGE)
WE HAD NEGLIGIBLE COVERING OF BANKER SHORTS AT THE SILVER COMEX ON YESTERDAY DESPITE THE FACT THAT THE BANKERS HAVE NOW COME TO REALIZE THAT THEY ARE IN SERIOUS TROUBLE. THE LIQUIDATION OF COMEX OI OF SPREADERS HAVE STOPPED AND WE WILL NOW COMMENCE WITH THE ACCUMULATION PHASE OF SPREADERS GOLD OPEN INTEREST.
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF SEPT.:
4592 CONTRACTS (FOR 2 TRADING DAYS TOTAL 4592 CONTRACTS) OR 22.96 MILLION OZ: (AVERAGE PER DAY: 1148 CONTRACTS OR 5.74 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF SEPT: 22.96 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 3.28% 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: 1572.67 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
RESULT: WE HAD A GIGANTIC SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 6,901, WITH THE 83 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD ANOTHER HUGE SIZED EFP ISSUANCE OF 3322 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 AN ATMOSPHERIC AND CRIMINALLY SIZED: 10,223 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 3322 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH INCREASE OF 6,901 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 83 CENT GAIN INPRICE OF SILVER AND A CLOSING PRICE OF $19.15 WITH RESPECT TO FRIDAY'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. 1.128 BILLION OZ TO BE EXACT or 161% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 651 NOTICE(S) FOR 3,255,000 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.
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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 36.240 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)
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IN GOLD, THE COMEX OPEN INTEREST ROSE BY AN OUT OF THIS WORLD: 24,886 CONTRACTS, TO 634,358 ACCOMPANYING THE $25.60 PRICING GAIN WITH RESPECT TO COMEX GOLD PRICING YESTERDAY// /
THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR SILVER..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR GOLD. 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:
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AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:
"AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO GOLD 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 SEPT 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 SEPT BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN GOLD 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."
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED 6946 CONTRACTS:
OCT 2019: 0 CONTRACTS, DEC> 11,621 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 634,358,,. 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 AN ATMOSPHERIC AND CRIMINALLY SIZE GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 36,507 CONTRACTS:,24,886 CONTRACTS INCREASED AT THE COMEX AND 11,621 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 36,507 CONTRACTS OR 3,650,700 OZ OR 113.55 TONNES. YESTERDAY WE HAD A GAIN OF $25.60 IN GOLD TRADING....AND WITH THAT GAIN IN PRICE, WE HAD A HUGE GAIN IN GOLD TONNAGE OF 113.55 TONNES!!!!!! THE BANKERS WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON TRYING TO CONTAIN THE PRICE RISE. WE PROBABLY HAD SOME NEGLIGIBLE GOLD BANKER SHORT COVERING
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF SEPT. : 18,567 CONTRACTS OR 1,856,700 oz OR 57.75 TONNES (2 TRADING DAY AND THUS AVERAGING: 9284 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 2 TRADING DAY IN TONNES: 57.75 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 57.75/3550 x 100% TONNES =1.626% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP'S YEAR 2019 TO DATE: 4208.87 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 HUMONGOUS SIZED INCREASE IN OI AT THE COMEX OF 24,886 WITH THE PRICING GAIN THAT GOLD UNDERTOOK YESTERDAY($25.60)) //.WE ALSO HAD A HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 11,621 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 11,621 EFP CONTRACTS ISSUED, WE HAD AN ATMOSPHERIC AND CRIMINALLY SIZED GAIN OF 36,507 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES: (AND A NEW RECORD FOR A GAIN ON BOTH EXCHANGES)
11,621 CONTRACTS MOVE TO LONDON AND 24,886 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 113.55 TONNES). ..AND THIS HUGE INCREASE OF DEMAND OCCURRED WITH THE GAIN IN PRICE OF $25.60 WITH RESPECT TO YESTERDAY'S TRADING AT THE COMEX.
THE COMEX IS NOW UNDER FULL ASSAULT WITH RESPECT TO GOLD AND SILVER.
we had: 75 notice(s) filed upon for 7500 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 UP $5.00 TODAY//(COMEX-TO COMEX)
A BIG CHANGE IN GOLD INVENTORY AT THE GLD; A HUGE PAPER DEPOSIT OF:11.73 TONNES
INVENTORY RESTS AT 890.04 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 UP 28 CENTS TODAY:
VERY STRANGE!!
A BIG CHANGE IN SILVER INVENTORY AT THE SLV:
A WITHDRAWAL OF 708,000 OZ FROM THE SLV
/INVENTORY RESTS AT 387.446 MILLION OZ.
Let us head over to the comex:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY AN ATMOSPHERIC AND CRIMINALLY SIZED 24,886 CONTRACTS TO A LEVEL OF 636,761 ACCOMPANYING THE HUGE GAIN OF $25.60 IN GOLD PRICING WITH RESPECT TO YESTERDAY'S // COMEX TRADING)
WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF AUGUST.. 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 11,621 EFP CONTRACTS WERE ISSUED:
FOR OCT; 0 CONTRACTS: DEC: 11,621 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 11,621 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:36,507 TOTAL CONTRACTS IN THAT 11,621 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED AN ATMOSPHERIC SIZED 24,886 COMEX CONTRACTS.
THE BANKERS SUPPLIED THE NECESSARY AND INFINITE AMOUNT OF SHORT PAPER IN GOLD TRYING TO CONTAIN THE PRICE RISE. WE PROBABLY HAD NEGLIGIBLE BANKER SHORT COVERING TODAY
NET GAIN ON THE TWO EXCHANGES :: 36,507 CONTRACTS OR 3,650,700 OZ OR 115.55 TONNES.
We are now in the active contract month of SEPT and here the open interest stands at 117 CONTRACTS as we LOST 169 contract. We had 242 notices filed yesterday so we surprisingly gained another whopping 73 contracts or an additional 7300 oz will stand at the comex as the guys refused to morph into London with their phony EFP contracts. By refusing to morph they also refused to accept a fiat bonus. Ladies and Gentlemen: the comex is under attack for physical metal.
The next active delivery month is October and here the OI ROSE by 131 contracts UP to 45,116. NOVEMBER received its first contract to stand at 1. After NOVEMBER, we have the active delivery month of December and here we have a MONSTROUS GAIN of 22,781 contracts and the total OI stands at 475,760
TODAY'S NOTICES FILED:
WE HAD 75 NOTICES FILED TODAY AT THE COMEX FOR 7500 OZ. (0.2328 TONNES)
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And now for the wild silver comex results.
Total COMEX silver OI ROSE BY A GIGANTIC SIZED 6901 CONTRACTS FROM 218,787 UP TO 225,688 (AND CLOSER TO 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 GAIN OCCURRED WITH A 83 CENT GAIN IN PRICING.//YESTERDAY.
WE ARE NOW INTO THE ACTIVE DELIVERY MONTH OF SEPTEMBER. HERE WE HAVE A STRONG 1767 OPEN INTEREST STAND FOR DELIVERY WITH A LOSS OF 452 CONTRACTS. WE HAD A HUGE 651 NOTICES FILED UPON YESTERDAY SO AGAIN WE HAD A MASSIVE GAIN OF 199 CONTRACTS OR AN ADDITIONAL 995,000 OZ WILL STAND AT THE COMEX. LIKE GOLD, THESE GUYS REFUSED TO MORPH INTO LONDON WITH THOSE PHONY EFP CONTRACTS. BY DOING SO THEY REFUSED TO ACCEPT A FIAT BONUS AND THEY NOW STAND WITH THEIR BIG BROTHER GOLD ATTACKING THE COMEX FOR WHATEVER PRECIOUS METAL THEY CAN FIND OVER ON THIS SIDE OF THE POND.
AFTER SEPT COMES THE NON ACTIVE MONTH OF OCTOBER AND HERE THEY RECEIVED ANOTHER 92 CONTRACTS TO STAND AT 1369. NOVEMBER RECEIVED ANOTHER 14 CONTRACTS TO STAND AT 40. NEXT BIG ACTIVE DELIVERY MONTH IS DECEMBER AND HERE THE OI RISES BY 6822 CONTRACTS UP TO 179,747
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 651 notice(s) filed for 3,255,000 OZ for the SEPT, 2019 COMEX contract for silver
Trading Volumes on the COMEX TODAY: 402,331 CONTRACTS
CONFIRMED COMEX VOL. FOR YESTERDAY: 577,445 contracts
INITIAL standings for SEPT/GOLD
SEPT 4/2019
we had 1 dealer entry:
We had 0 kilobar entries
total dealer deposits: nil oz
total dealer withdrawals: nil oz
we had 0 deposits into the customer account
i) Into JPMorgan: nil oz
ii) Into everybody else: 0
very little gold arrives from outside/ zero amount arrived today
we had 1 gold withdrawal from the customer account:
i Out of Brinks:
a phony 8037.75 oz (25 kilobars)
total gold withdrawals; 8037.75 oz
i) we had 0 adjustment todayFOR THE SEPT 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 75 contract(s) of which 22 notices were stopped (received) by j.P. Morgan dealer and 4 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account and 0 notices by the squid (Goldman Sachs)
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To calculate the INITIAL total number of gold ounces standing for the SEPT /2019. contract month, we take the total number of notices filed so far for the month (1596) x 100 oz , to which we add the difference between the open interest for the front month of SEPT. (117 contract) minus the number of notices served upon today (75 x 100 oz per contract) equals 163,800 OZ OR 5.0948 TONNES) the number of ounces standing in this NON active month of SEPT
Thus the INITIAL standings for gold for the SEPT/2019 contract month:
No of notices served (1596 x 100 oz) + (117)OI for the front month minus the number of notices served upon today (75 x 100 oz )which equals 163.800 oz standing OR 5.0948 TONNES in this active delivery month of SEPT.
We surprisingly again gained a monstrous 73 contracts or an additional 7300 oz will seek metal on this side of the pond instead of morphing over to London. The gold comex is now under siege for any remaining physical metal.
SURPRISINGLY WE HAVE BEEN WITNESSING NO GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! WE HAVE ONLY 22.91 TONNES OF REGISTERED ( GOLD OFFERED FOR SALE) VS 27.153 TONNES OF GOLD STANDING //AUGUST AND 5.0948 TONNES IN SEPT.// JUDGING BY THE HUGE SIZE OF THE COMEX NOTICES FILED TODAY, IT LOOKS LIKE SOMEBODY IS WILLING TO TAKE ON THE CROOKS AT THE COMEX.
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 AND THUS I WILL ADD THE 27.153 TONNES TO THE 5.0948 TONNES (EQUALS 32.2478 TONNES) AGAINST THE 22.91 TONNES OF REGISTERED GOLD.
total registered or dealer gold: 736,702.381 oz or 22.91 tonnestotal registered and eligible (customer) gold; 8,092.019.636 oz 251.69 tonnes
IN THE LAST 35 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 SEPT
INITIAL standings/SILVER
IN TOTAL CONTRAST TO GOLD, HUGE ACTIVITY IN SILVER TODAY.
**
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: nil oz
ii)into CNT: 7,710.030 oz
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 153.4 million oz of total silver inventory or 50.36% of all official comex silver. (153.4 million/304.6 million
total customer deposits today: 1134,863.019 oz
we had 3 withdrawals out of the customer account:
i) Out of CNT: 967.400 oz
ii) Out of Scotia: 599,976.54 oz
iii) Out of Int Delaware: 43,729.450
total: 644,673.390 oz
we had 3 adjustment :
i) Out of CNT: 1,271,293.850 oz was adjusted out of the customer account of CNT and this landed into the dealer account of CNT
ii) Out of Int Delaware: 318,501.625 oz was adjusted out of the customer account of Int Delaware and this landed into their dealer account
total dealer silver: 83.034 million
total dealer + customer silver: 310.580 million oz
The total number of notices filed today for the SEPTEMBER 2019. contract month is represented by 651 contract(s) FOR 3,255,000 oz
To calculate the number of silver ounces that will stand for delivery in SEPTEMBER, we take the total number of notices filed for the month so far at 6132 x 5,000 oz = 30,660,000 oz to which we add the difference between the open interest for the front month of SEPT. (1767) and the number of notices served upon today 651 x (5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the SEPT/2019 contract month: 6132 (notices served so far) x 5000 oz + OI for front month of SEPT (1767)- number of notices served upon today (651)x 5000 oz equals 36,240,000 oz of silver standing for the SEPT contract month.
We gained 199 contracts or a huge 995,000 additional oz of silver will stand at the comex as these guys refused to morph into London based forwards.
LADIES AND GENTLEMEN: THE COMEX IS UNDER ASSAULT FOR BOTH GOLD AND SILVER.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 651 notice(s) filed for 3,255,000 OZ for the SEPT, 2019 COMEX contract for silver
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TODAY'S ESTIMATED SILVER VOLUME: 1487,047 CONTRACTS (we had considerable spreading activity..accumulation
CONFIRMED VOLUME FOR YESTERDAY: 208,663 CONTRACTS..
YESTERDAY'S CONFIRMED VOLUME OF 208,663 CONTRACTS EQUATES to 1,043 million OZ 149.0% 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
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NPV for Sprott
1. Sprott silver fund (PSLV): NAV FALLS TO -1.57% ((SEPT 4/2019)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -2.62% to NAV (SEPT 4/2019 )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 15.83 TRADING 15.39/DISCOUNT 2.77
END
And now the Gold inventory at the GLD/
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
AUGUST 22.WITH GOLD DOWN $6.80 TODAY: TWO HUGE CHANGES IN GOLD INVENTORY AT THE GLD: I)A PAPER DEPOSIT OF 6.74 TONNES INTO THE GLD (LATE YESTERDAY EVENING) AND 2) A PAPER DEPOSIT OF 2.93 TONNES LATE THIS AFTERNOON./INVENTORY RESTS AT 854.84 TONNES
AUGUST 21/WITH GOLD DOWN $.30 TODAY:A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.76 TONNES INTO THE GLD INVENTORY/GOLD INVENTORY RESTS AT 845.17 TONNES
AUGUST 20//WITH GOLD UP $2.90 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/GOLD INVENTORY RESTS AT 843.41 TONNES
AUGUST 19/WITH GOLD DOWN $11.20//A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .88 TONNES//INVENTORY RESTS AT 843.41 TONNES
AUGUST 16/WITH GOLD DOWN $7.35: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 844.29 TONNES
AUGUST 15/WITH GOLD UP $3.55 TODAY//WE HAVE A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: WE GOT BACK 7.63 TONNES OUT OF 11.11 TONNES LOST ON WEDNESDAY( A DEPOSIT OF 7.63 TONNES)/INVENTORY RESTS AT 844.29 TONNES
AUGUST 14/WITH GOLD UP $7.60 TODAY (AND DOWN $2.90 YESTERDAY) WE HAD A MONSTROUS WITHDRAWAL OF 11.11 TONNES OF GOLD FROM THE GLD/AND THIS WAS USED IN AN ABORTED RAID YESTERDAY: INVENTORY RESTS AT 836.66 TONNES
AUGUST 13.2019: WITH GOLD DOWN $2.60 TO DAY: A HUGE 7.92 PAPER GOLD TONNES WERE ADDED TO THE GLD/INVENTORY RESTS AT 747.77 TONNES
AUGUST 12.2019: WITH GOLD UP $7.30: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 839.85 TONNES
AUGUST 9/WITH GOLD DOWN $2.00//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY REMAINS AT 839.85 TONNES OZ/
AUGUST 8: WITH GOLD DOWN $4.20: TWO TRANSACTIONS: A)A MONSTROUS PAPER DEPOSIT OF 8.50 TONNES WAS ADDED TO THE GLD/INVENTORY RESTS AT 845.42 TONNES b) A HUGE WITHDRAWAL OF 5.59 TONNES FROM THE GLD//INVENTORY RESTS AT 839.85 TONNES...ABSOLUTE FRAUD!
August 7/ WITH GOLD UP $31.00//A GOOD PAPER DEPOSIT OF 1.86 TONNES OF GOLD INTO THE GLD INVENTORY//INVENTORY RESTS AT 836.92 TONNES
AUGUST 6.2019: WITH GOLD UP $7.85 A STRONG DEPOSIT OF 4.50 TONNES OF PAPER GOLD INTO THE GLD LATE LAST NIGHT/INVENTORY RESTS AT 835.16 TONNES
AUGUST 5/2019//WITH GOLD UP $18.80/A STRONG DEPOSIT OF 2.94 TONNES OF PAPER GOLD INTO THE GLD/INVENTORY RESTS AT 830.76 TONNES.
AUGUST 2/2019: WITH GOLD UP $25.20: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 827.82 TONNES
AUGUST 1/2019: WITH GOLD DOWN $4.90 TODAY: TWO TRANSACTIONS: i) A PAPER WITHDRAWAL OF 1.47 TONNES (USED IN THE RAID THIS MORNING)/ and ii) A PAPER DEPOSIT OF 4.40 TONNES THIS AFTERNOON!/INVENTORY RISE TO 827.82 TONNES
JULY 31/WITH GOLD DOWN 3.90 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 824.89 TONNES
JULY 30//WITH GOLD UP $9.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 824.89 TONNES
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SEPT 4/2019/ Inventory rests tonight at 890.04 tonnes
*IN LAST 656 TRADING DAYS: 45.34 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 556- TRADING DAYS: A NET 121.31 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.
end
Now the SLV Inventory/
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 MILLION OZ
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//
AUGUST 22/WITH SILVER DOWN 11 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 3.696 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 383.850 MILLION OZ//
AUGUST 21/WITH SILVER UP 1 CENT TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 380.154 MILLION OZ/
AUGUST 20.WITH SILVER UP 20 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 380.154 MILLION OZ//
AUGUST 19/WITH SILVER DOWN 21 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 380.154 MILLION OZ/
AUGUST 16/: WITH SILVER DOWN 9 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 380.154 MILLION OZ//
AUGUST 15/2019 WITH SILVER DOWN 2 CENTS: ANOTHER BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WHOPPING 3.977 MILLION OZ PAPER DEPOSIT/INVENTORY RESTS AT 380.154 MILLION OZ/
AUGUST 14/2019 WITH SILVER UP 27 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 4.538 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 376.177 MILLION OZ//
AUGUST 13/2019: WITH SILVER DOWN 9 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 6.082 MILLION OZ///INVENTORY NOW RESTS AT 371.637 MILLION OZ
AUGUST 12/2019: WITH SILVER UP 11 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 365.557 MILLION OZ.
AUGUST 9/2019//WITH SILVER UP 2 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV; A DEPOSIT OF 2.245 MILLION OZ INTO THE SLV INVENTORY/INVENTORY ADVANCES 365.557 MILLION OZ
AUGUST 8/WITH SILVER DOWN 23 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT: 1.409 MILLION OZ INTO INVENTORY///INVENTORY RESTS AT 363.311 MILLION OZ//
AUGUST 7/WITH SILVER UP 74 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 361.907 MILLION OZ/
AUGUST 6/ WITH SILVER UP 5 CENTS: TWO TRANSACTIONS: A HUGE PAPER DEPOSIT OF 2.34 MILLION OZ WAS DEPOSITED INTO THE SLV LATE LAST NIGHT: THEN A HUGE 2.994 MILLION OZ OF A PAPER DEPOSIT THIS AFTERNOON: INVENTORY RESTS AT 361.907 MILLION OZ
AUGUST 5.2019: WITH SILVER UP 12 CENTS A TINY 142,000 OZ WITHDRAWAL AND THAW AS TO PAY FOR FEES//INVENTORY RESTS AT 356.573 MILLION OZ..
AUGUST 2/2019: WITH SILVER UP 10 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 356.715 MILLION OZ/
AUGUST 1//WITH SILVER DOWN 23 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 356.715 MILLION OZ//
JULY 31/WITH SILVER DOWN 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 356.715 MILLION OZ//
JULY 30/2019: WITH SILVER UP 8 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY REMAINS AT 356.715 MILLION OZ//
SEPT 4/2019:
Inventory 387.446 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
YOUR DATA.....
6 Month MM GOFO 2.05/ and libor 6 month duration 2.01
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: - .04
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12 Month MM GOFO+ 1.92%
LIBOR FOR 12 MONTH DURATION: 1.94
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.02
end