Harvey Organ: MASSIVE 6.4 Million Ounces Of Physical Silver Queue Jumping At The COMEX
Harvey says we have some guys who are refusing to be morphed into the London based forwards. They want their physical silver! Here's an update...
by Harvey Organ of Harvey Organ Blog
SEPT 20/GOLD UP $2.80 TO $1206.70 WITH SILVER UP 3 CENTS TO $14.29/A MASSIVE 6.4 MILLION OZ OF PHYSICAL QUEUE JUMPING AT THE SILVER COMEX/DEMARK'S WHOLLY OWNED DANSK BANK IN ESTONIA REVEALS THAT MONEY LAUNDERING AMOUNTED TO IN EXCESS OF 234 BILLION DOLLARS AND WERE AIDED BY CITIBANK AND DEUTSCHE BANK/ IN THE USA THE BIG QUESTION IS WILL FORD TESTIFY/SEEMS THAT WE HAVE DEFIANCE IN THE UPPER ECHELON OF THE FBI AND DOJ AS THEY DO NOT WANT TO RELEASE DOCUMENTS THAT TRUMP HAS ALREADY DECLASSIFIED/
GOLD: $1206.70 UP $2.80 (COMEX TO COMEX CLOSINGS)
Silver: $14.29 UP 3 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold $1207.25
silver: $14.32
For comex gold:
SEPT/
And now Sept:
WEDNESDAY
NUMBER OF NOTICES FILED TODAY FOR SEPT CONTRACT: 1 NOTICE(S) FOR 100 OZ
Total number of notices filed so far for Sept: 609 for 60900 (1.8942 tonnes)
THURSDAY:
NUMBER OF NOTICES FILED TODAY FOR SEPT CONTRACT: 0 NOTICE(S) FOR 100 OZ
Total number of notices filed so far for Sept: 609 for 60900 (1.8942 tonnes)
For silver:
Sept
WEDNESDAY
147 NOTICE(S) FILED TODAY FOR
735,000 OZ/
Total number of notices filed so far this month: 6199 for 30,995,000 oz
THURSDAY
707 NOTICE(S) FILED TODAY FOR
3,535,000 OZ/
Total number of notices filed so far this month: 6906 for 34,530,000 oz
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Bitcoin: OPENING MORNING TRADE $6420: UP $31
Bitcoin: FINAL EVENING TRADE: $6373 UP 30.00
end
First Shanghai gold fix comes at 10 pm est
The second Shanghai gold fix: 2:15 pm
First Shanghai gold fix gold: 10 pm est: $1210.92
NY price at the same time:$1206.20
PREMIUM TO NY SPOT: $4.77
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Second gold fix early this morning: $ 1208.97
USA gold at the exact same time:$1204.90
PREMIUM TO NY SPOT: $4.07
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China is controlling the gold market
WE WILL NOT PROVIDE LONDON FIXES AS THEY ARE NOT ACCURATE AS TO WHAT IS GOING ON AT THE SAME TIME FRAME.
Let us have a look at the data for today
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In silver, the total OPEN INTEREST ROSE BY A GOOD 1363 CONTRACTS FROM 205,469 UP TO 206,832 WITH YESTERDAY'S 11 CENT RISE IN SILVER PRICING AT THE COMEX. TODAY WE MOVED FURTHER FROM LAST MONTH'S RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.
WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY(WELL OVER 30 MILLION OZ AT THE COMEX FOR JULY , 6 MILLION OZ FOR AUGUST AND NOW JUST LESS THAN 31 MILLION OZ STANDING IN SEPTEMBER. 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 FAIR SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:
24 EFP'S FOR SEPT. 1773 EFP'S FOR DECEMBER AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE: OF 1601 CONTRACTS. WITH THE TRANSFER OF 1601 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 1601 EFP CONTRACTS TRANSLATES INTO 8.005MILLION OZ ACCOMPANYING:
1.THE 11 CENT RISE IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR THE JUNE/2018 COMEX DELIVERY MONTH. (5.420 MILLION OZ); 30.370 MILLION OZ STANDING FOR DELIVERY IN JULY, FOR AUGUST: 6.065 MILLION OZ AND NOW 37.395 MILLION OZ STANDING SO FAR IN SEPT.
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF SEPT:
25,188 CONTRACTS (FOR 13 TRADING DAYS TOTAL 25,188 CONTRACTS) OR 125.940 MILLION OZ: (AVERAGE PER DAY: 1938 CONTRACTS OR 9.687 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF SEPT: 125.940 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 17.98% 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 2018 TO DATE SILVER EFP'S: 2,163.76 MILLION OZ.
ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ
ACCUMULATION FOR FEB 2018: 244.95 MILLION OZ
ACCUMULATION FOR MARCH 2018: 236.67 MILLION OZ
ACCUMULATION FOR APRIL 2018: 385.75 MILLION OZ
ACCUMULATION FOR MAY 2018: 210.05 MILLION OZ
ACCUMULATION FOR JUNE 2018: 345.43 MILLION OZ
ACCUMULATION FOR JULY 2018: 172.84 MILLION OZ
ACCUMULATION FOR AUGUST 2018: 205.23 MILLION OZ.
RESULT: WE HAD A GOOD SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1363 WITH THE 11 CENT RISE IN SILVER PRICING AT THE COMEX YESTERDAY. THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE OF 1601 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 VERY GOOD SIZED: 2964 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 1601 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH INCREASE OF 1363 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 11 CENT RISE IN PRICE OF SILVER AND A CLOSING PRICE OF $14.26 WITH RESPECT TO YESTERDAY'S TRADING. YET WE HAD A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY IN THE BIG JULY DELIVERY MONTH OF SLIGHTLY OVER 30 MILLION OZ, IN AUGUST ANOTHER BIG 6.065 MILLION OZ IN A NON ACTIVE MONTH AND NOW IN SEPTEMBER AN INITIAL MONSTROUS 37.395 MILLION OZ OF SILVER STANDING FOR DELIVERY... NOBODY IS PAYING ATTENTION TO THE HUGE NUMBER OF PHYSICAL OUNCES STANDING FOR SILVER THESE PAST SEVERAL MONTHS.
In ounces AT THE COMEX, the OI is still represented by OVER 1 BILLION oz i.e. 1.034 MILLION OZ TO BE EXACT or 145% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT AUGUST MONTH/ THEY FILED AT THE COMEX: 707 NOTICE(S) FOR 3,535,000 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. AND NOW SEPT: AN INITIAL HUGE 37.395 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 ROSE BY A VERY GOOD SIZED 4978 CONTRACTS UP TO 474,414 WITH THE GAIN IN THE COMEX GOLD PRICE/YESTERDAY'S TRADING (A RISE IN PRICE OF $5.70). THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED 5414 CONTRACTS:
OCTOBER HAD 0 EFP'S ISSUED AND, DECEMBER HAD AN ISSUANCE OF 5414 CONTACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 474,414. 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 VERY GOOD SIZED OI GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 10,392 CONTRACTS: 4978 OI CONTRACTS INCREASED AT THE COMEX AND 5414 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN: 10,392 CONTRACTS OR 1,039,200 OZ = 32.32 TONNES. AND ALL OF THIS DEMAND OCCURRED WITH A GAIN IN THE PRICE OF GOLD/ YESTERDAY TO THE TUNE OF $5.70
YESTERDAY, WE HAD 5436 EFP'S ISSUED.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF SEPT : 94940 CONTRACTS OR 9,494,000 OZ OR 295.30 TONNES (13 TRADING DAYS AND THUS AVERAGING: 7303 EFP CONTRACTS PER TRADING DAY OR 730300 OZ/ TRADING DAY),,
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 13 TRADING DAYS IN TONNES: 295.30 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 295.30/2550 x 100% TONNES = 11.58% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JULY ALONE.***
ACCUMULATION OF GOLD EFP'S YEAR 2018 TO DATE: 5,492.09* TONNES *SURPASSED ANNUAL PROD'N
ACCUMULATION OF GOLD EFP'S FOR JANUARY 2018: 653.22 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR FEBRUARY 2018: 649.45 TONNES (20 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR MARCH 2018: 741.89 TONNES (22 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR APRIL 2018: 713.84 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR MAY 2018: 693.80 TONNES ( 22 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR JUNE 2018 650.71 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR JULY 2018 605.5 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR AUG. 2018 488.54 TONNES (23 TRADING DAYS)
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 VERY GOOD SIZED INCREASE IN OI AT THE COMEX OF 4978 WITH THE GAIN IN PRICING ($5.70 THAT GOLD UNDERTOOK YESTERDAY) // . WE ALSO HAD A GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 5414 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 5414 EFP CONTRACTS ISSUED, WE HAD GOOD GAIN OF 10,392 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
5414 CONTRACTS MOVE TO LONDON AND 4978 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 32.32 TONNES). ..AND ALL OF THIS HUGE DEMAND OCCURRED WITH A GAIN OF $5.70 IN YESTERDAY'S TRADING AT THE COMEX.
we had: 0 notice(s) filed upon for NIL 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 $2.80 TODAY: /
A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .3 TONNES
AND THIS IS TO PAY FOR FEES
/GLD INVENTORY 742.23 TONNES
Inventory rests tonight: 742.23 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 3 CENTS TODAY
WE HAD NO CHANGES FOR SILVER :
/INVENTORY RESTS AT 334.973 MILLION OZ.
NOTE THE DIFFERENCE BETWEEN THE GLD AND SLV: THE CROOKS CAN RAID GOLD BECAUSE THEY DO HAVE SOME PHYSICAL. THEY DO NOT RAID SILVER PROBABLY BECAUSE THERE IS NO REAL SILVER INVENTORIES BEHIND THEM.
Let us head over to the comex:
The total gold comex open interest ROSE BY A GOOD SIZED 4978 CONTRACTS UP to an OI level 474,414 WITH THE RISE IN THE PRICE OF GOLD ($5.70 GAIN/ YESTERDAY'S COMEX TRADING). FOR TWO YEARS STRAIGHT WE HAVE NOTICED THAT ONE WEEK PRIOR TO FIRST DAY NOTICE OF AN ACTIVE DELIVERY MONTH THE COMEX OPEN INTEREST CONTRACTS AND EFP'S NOTICES EXPONENTIALLY INCREASE AS WELL AS WE WITNESS THE COMEX OPEN INTEREST COLLAPSE.
WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF SEPT.. THE CME REPORTS THAT THE BANKERS ISSUED A GOOD SIZED COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 5414 EFP CONTRACTS WERE ISSUED:
OCTOBER: 0 EFP'S AND DECEMBER: 5414 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 5414 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 GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A 10,392 TOTAL CONTRACTS IN THAT 5414 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED 5514 COMEX CONTRACTS.
NET GAIN ON THE TWO EXCHANGES: 10,392 contracts OR 1,039,200 OZ OR 32.32 TONNES.
Result: A GOOD SIZED INCREASE IN COMEX OPEN INTEREST WITH THE RISE IN PRICE/ YESTERDAY (ENDING UP WITH THE GAIN IN PRICE OF $5.70). THE TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 10,392 OI CONTRACTS..
We are now in the active contract month of SEPTEMBER. For the September contract month, we lost 1 contract and thus the number of open interest contracts standing for gold in this front month is 17 contracts. We had 0 notice filed yesterday so we gained 1 contract or an additional 100 oz will stand for gold and these guys refused to accept a fiat bonus and transfer to London.
THE NEXT ACTIVE DELIVERY MONTH IS OCTOBER AND HERE THE OI LOST 751 CONTRACTS DOWN TO 32,623. NOVEMBER SAW A 4 CONTRACT GAIN TO STAND AT 192. DECEMBER SAW ITS OPEN INTEREST RISE BY 5677 CONTRACTS UP TO 367,480.
WE HAD 0 NOTICES FILED AT THE COMEX FOR NIL OZ.
FOR THE SEPT GOLD CONTRACT MONTH;
FOR COMEX SEPT/2017 FIRST DAY NOTICE GOLD: 80,700 OZ OR 2.696 TONNES INITIALLY STOOD
BY THE END OF SEPTEMBER: 57,700 OZ OR 1.797 TONNES FINALLY STOOD AS THE OTHERS MORPHED INTO LONDON BASED FORWARDS.
FOR THE OCTOBER CONTRACT MONTH: OCTOBER IS THE WEAKEST OF ALL DELIVERY MONTHS IN GOLD.
FOR THE COMEX OCT 2017 GOLD CONTRACT MONTH: WE INITIALLY HAD 300,600 OZ STAND FOR DELIVERY OR 9.349 TONNES.
AT THE CONCLUSION OF THE OCTOBER TRADING MONTH: 333,300 OZ OR 10.367 TONNES FINALLY STOOD FOR DELIVERY AS WE HAD ONE DAY OF QUEUE JUMPING.
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And now for the wild silver comex results.
Total silver OI ROSE BY A GOOD SIZED 1363 CONTRACTS FROM 205,469 UP TO 206,832 (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 OI COMEX LOSS OCCURRED WITH A 11 CENT GAIN IN PRICING.
WE ARE NOW INTO THE ACTIVE DELIVERY MONTH OF SEPT.AND, WE WERE INFORMED THAT WE HAD A GOOD SIZED 1601 EFP CONTRACTS:
FOR SEPT: 24 CONTRACTS AND FOR DECEMBER: 1577 CONTRACTS AND ZERO FOR ALL OTHER MONTHS. THESE EFPS WERE ISSUED TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THE TOTAL EFP'S ISSUED: 1601. ON A NET BASIS WE GAINED 2964 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED A 1363 CONTRACT GAIN AT THE COMEX COMBINING WITH THE ADDITION OF 1601 OI CONTRACTS NAVIGATING OVER TO LONDON.
NET GAIN ON THE TWO EXCHANGES: 2964 CONTRACTS...AND ALL OF DEMAND OCCURRED WITH A 11 CENT GAIN
The next active delivery month after August for silver is September and here the OI ROSE by 262 contracts UP to 1280.
We had 147 notices filed on yesterday so we gained a monstrous 409 contracts or 2,045,000 ADDITIONAL oz will stand at the comex as these guys refused a fiat bonus as well as a London based forwards. For the past 17 months starting in April 2017, we have been witnessing on a constant basis queue jumping as the commercials seek physical silver immediately after first day notice. After a little holiday last week, queue jumping resumes in earnest in the silver pits. In the past two days we gained a whopping 6.485 million oz as there seems to be a huge fire (shortage) of silver somewhere.
October LOST 6 contracts to stand at 534. November saw a GAIN of 19 contracts to stand at 174.
After Nov., the next big delivery month is December and here the OI fell by 833 contracts down to 176,574 contracts.
We had 707 notice(s) filed for 3,535,000 OZ for the SEPTEMBER 2018 COMEX contract for silver
Trading Volumes on the COMEX
PRELIMINARY COMEX VOLUME FOR TODAY: 231,809 contracts
CONFIRMED COMEX VOL. FOR YESTERDAY: 244,225 contracts
AND NOW FOR THE ACTIVE SEPTEMBER SILVER CONTRACT AND COMPARISON TO LAST YR:
ON FIRST DAY NOTICE FOR THE SEPT/2017 SILVER CONTRACT MONTH: 20.515 MILLION OZ STOOD FOR DELIVERY AND BY MONTH'S END: A HUGE 32.875 MILLION OZ WAS THE FINAL STANDING AS WE WERE WELL INTO THE PHENOMENON OF QUEUE JUMPING IN SILVER. THUS WE ARE WAY AHEAD OF LAST YEAR AS ALREADY WE HAVE 37.395 MILLION OZ OF SILVER INITIALLY STAND. AS I HAVE STATED ALL MONTH: "WE WILL NO DOUBT PASS LAST YEAR'S TOTAL OF 32.875 MILLION OZ ONCE SEPTEMBER ENDS AS THE BANKS SCRAMBLE FOR PHYSICAL SILVER." i GUESS I WAS RIGHT!!
AND NOW COMPARISON FOR OCTOBER:
FOR THE OCTOBER 2017 CONTRACT MONTH WE HAD 4.205,000 OZ OF SILVER INITIALLY STAND FOR DELIVERY.
BY MONTH'S END WE HAD 5,475,000 OZ FINALLY STAND AS QUEUE JUMPING IN SILVER WAS ALREADY IN THE NORM.
OCTOBER IS A NON ACTIVE DELIVERY MONTH FOR SILVER BUT AS YOU CAN SEE OCT 2017 DELIVERIES WERE PRETTY
GOOD.
INITIAL standings for SEPTEMBER/GOLD
SEPT. 20-/2018.
today we had no major activity at the comex and no gold entered the comex vaults yesterday and today.
we had 0 kilobar transaction/We had 0 inventory movement at the dealer accountstotal inventory deposit into the dealer accounts: NIL oztotal inventory withdrawals out of dealer accounts; nil ozwe had 0 withdrawal out of the customer account:total customer withdrawals: nil ozwe had 0 customer deposittotal customer deposits: nil ozwe had 0 adjustments
FOR THE SEPTEMBER 2018 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 0 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the INITIAL total number of gold ounces standing for the SEPT/2018. contract month, we take the total number of notices filed so far for the month (609) x 100 oz or 60,900 oz, to which we add the difference between the open interest for the front month of SEPT. (17 contracts) minus the number of notices served upon today (0 x 100 oz per contract) equals 62,600 OZ OR 1.9471 TONNES) the number of ounces standing in this non active month of SEPT
Thus the INITIAL standings for gold for the SEPT/2018 contract month:
No of notices served (609 x 100 oz) + {17)OI for the front month minus the number of notices served upon today (0 x 100 oz )which equals 62,600 oz standing OR 1.9471 TONNES in this NON active delivery month of SEPTEMBER.
We gained 1 contract or an additional nil oz will stand for physical gold at the comex and these guys refused to accept a fiat bonus to move their contracts over to Londonas queue jumping in gold intensifies. Let us see if this continues throughout the month as it looks like the commercials are scrambling to obtain any physical gold they get a hold of.
THERE ARE ONLY 4.511 TONNES OF REGISTERED COMEX GOLD AVAILABLE FOR DELIVERY AGAINST 1.9471 TONNES STANDING FOR SEPTEMBER
total registered or dealer gold: 145,041.066 oz or 4.511tonnestotal registered and eligible (customer) gold; 8,270,816.984 oz 257.26 tonnes
IN THE LAST 25 MONTHS 98 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE AUGUST DELIVERY MONTH
SEPTEMBER INITIAL standings/SILVER
we had 0 inventory movement at the dealer side of things
total dealer deposits: nil oz
total dealer withdrawals: nil oz
we had 0 deposit 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 142.435 million oz of total silver inventory or 48.9% of all official comex silver. (142 million/291 million)
ii) Into Brinks: 697,117.450 OZ
total customer deposits today: 697,117.450 oz
we had 2 withdrawals from the customer account;
i) Out of Brinks: 230,819.04 oz
ii) Out of Scotia: 303.900.790 oz
total withdrawals: 534,719.620 oz
we had 1 adjustment
i) Out of CNTL
6,700,703.410 oz leaves the dealer and enters the customer account of CNT
total dealer silver: 83.999 million
total dealer + customer silver: 291.993 million oz
The total number of notices filed today for the SEPTEMBER 2018. contract month is represented by 707 contract(s) FOR 3,535,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPT., we take the total number of notices filed for the month so far at 6906 x 5,000 oz = 34,530,000 oz to which we add the difference between the open interest for the front month of SEPTEMBER. (1280) and the number of notices served upon today (707 x 5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the SEPT/2018 contract month: 6906(notices served so far)x 5000 oz + OI for front month of SEPTEMBER(1280) -number of notices served upon today (707)x 5000 oz equals 37,395,000 oz of silver standing for the SEPT contract month. This is a huge number of oz standing!!
We gained 10 contracts or an additional 50,000 oz will stand at the comex as these guy refused to morph into London based forwards as well as refusing a fiat bonus
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ESTIMATED VOLUME FOR TODAY: 81,176 CONTRACTS
CONFIRMED VOLUME FOR YESTERDAY: 81956 CONTRACTS..
YESTERDAY'S CONFIRMED VOLUME OF 81,956 CONTRACTS EQUATES TO 409 million OZ OR 58.54% OF ANNUAL GLOBAL PRODUCTION OF SILVER
COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42The previous record was 224,540 contracts with the price at that time of $20.44
end
NPV for Sprott
1. Sprott silver fund (PSLV): NAV RISES TO -3.74% (SEPT.20/2018)2. Sprott gold fund (PHYS): premium to NAV RISES TO -1.46% to NAV (SEPT 20/2018 )Note: Sprott silver trust back into NEGATIVE territory at -3.74%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 12.13/TRADING 11.63/DISCOUNT 3.63.
END
And now the Gold inventory at the GLD/
SEPT 20/WITH GOLD DOWN $2.80/A SMALL WITHDRAWAL OF .3 TONNES AND THIS IS TO PAY FOR FEES/742.23 TONNES
SEPT 18/WITH GOLD DOWN $3.00: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 742.53 TONNES
SEPT 17/WITH GOLD UP $5.20: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 742.53 TONNES
SEPT 14/WITH GOLD DOWN $6.95 TODAY, ANOTHER HUGE 2.65 TONNES OF GOLD WAS REMOVED FROM INVENTORY AT THE GLD..PRETTY SOON WE WILL HAVE ZERO INVENTORY/INVENTORY RESTS AT 742.53 TONNES
SEPT 13/WITH GOLD DOWN $2.65:NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 745.18 TONNES
SEPT 12/WITH GOLD UP $8.00 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 745.18 TONNES
SEPT 11/WITH GOLD UP $3.00 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD; A WITHDRAWAL OF .26 TONNES/INVENTORY RESTS AT 745.18 TONNES
SEPT 10/WITH GOLD DOWN 80 CENTS/ANOTHER HUGE 1.44 TONNES OF WITHDRAWAL FROM THE GLD/INVENTORY RESTS AT 745.44 TONNES
SEPT 7/WITH GOLD DOWN $3.75: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 746.92 TONNES
SEPT 6/WITH GOLD UP $3.05 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 746.92
SEPT 5/WITH GOLD UP $2.30 TODAY, WE HAD ANOTHER WHOPPER OF A WITHDRAWAL: 6.24 TONNES/INVENTORY RESTS AT 746.92 TONNES
SEPT 4/WITH GOLD DOWN $2.65: ANOTHER 2.65 TONNES OF GOLD LEAVE THE GLD/INVENTORY RESTS AT 755.16 TONNES/
AUGUST 31/WITH GOLD UP $2.15:ANOTHER WITHDRAWAL OF 2.06 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 757.81 TONNES
AUGUST 30/WITH GOLD DOWN $6.90: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 759.87 TONNES
AUGUST 29/WITH GOLD DOWN $2.90 (COMEX TO COMEX BUT UP 6.00 DOLLARS FROM ACCESS CLOSING) THE CROOKS RAIDED THE COOKIE JAR ONCE AGAIN TO THE TUNE OF 4.71 TONNES/INVENTORY RESTS AT 759.87 TONNES AFTER THE WITHDRAWAL.
AUGUST 28/WITH GOLD DOWN $1.60: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 764.58 TONNES
AUGUST 27/WITH GOLD UP ANOTHER $3.00: ANOTHER SURPRISE WITHDRAWAL OF 2.65 TONNES FROM THE GLD/SHAREHOLDERS OF GLD ARE DUMB OWING THIS CRAP/INVENTORY RESTS AT 764.58 TONNES
AUGUST 24/WITH GOLD UP $18.65 TODAY/A SURPRISE WITHDRAWAL OF 1.53 TONNES FROM THE GLD/INVENTORY RESTS AT 767.23 TONNES
AUGUST 23/WITH GOLD DOWN $9.20: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 768.70 TONNES
AUGUST 22/WITH GOLD UP $3.45: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTSAT 768.70 TONNES
AUGUST 21: WITH GOLD UP $5.75/A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.54 TONNES/INVENTORY RESTS AT 768.70 TONNES
AUGUST 20/WITH GOLD UP $10.20./ANOTHER HUGE WITHDRAWAL OF 1.17 TONNES FROM THE GLD/INVENTORY RESTS AT 772.24 TONNES
AUGUST 17/WITH GOLD UP 20 CENTS: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 773.41 TONNES
AUGUST 16/LATE LAST NIGHT, WITH GOLD DOWN $1.05: THE CROOKS RAIDED THE COOKIE JAR ONCE AGAIN: THIS TIME BY 2.06 TONNES/INVENTORY RESTS AT 774.59 TONNES, AND THEN JUST NOW ANOTHER 1.18 TONNES OF GOLD WITHDRAWN TO LEAVE THE INVENTORY LEVEL OF 773.41 TONNES/
AUGUST 15/WITH GOLD DOWN $15.15/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 776.65 TONNES
AUGUST 14/WITH GOLD DOWN $0.45, A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 9.43 TONNES//INVENTORY RESTS AT 776.65 TONNES
AUGUST 13/with gold down $18.00: no changes in gold inventory at the crooked GLD/inventory rests at 786.08 tonnes
AUGUST 10/WITH GOLD DOWN 55 CENTS: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 786.08 TONNES
AUGUST 9/WITH GOLD DOWN BY 70 CENTS, OUR BANKERS AGAIN RAIDED THE GOLD COOKIE JAR TO THE TUNE OF 1.45 TONNES AND THUS THE INVENTORY RESTS AT 786.08 TONNES.ANYBODY HOLDING GOLD AT THE COMEX MUST REMOVE THEIR GOLD IMMEDIATELY AND PLACE IT IN A PRIVATE NON BANK OR CALL ANDREW MAGUIRE AT KINESIS
AUGUST 8/WITH GOLD UP ANOTHER $2.75, OUR BANKERS MUST BE DESPERATE AS THEY RAIDED THE GOLD COOKIE JAR AGAIN TO THE TUNE OF 1.18 TONNES/INVENTORY RESTS TONIGHT AT 788.71 TONNES. ANYBODY WHO KEEPS HIS GOLD AT THE COMEX IS VERY FOOLISH..ALL GOLD AT THE COMEX IS UNALLOCATED.
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SEPT 20/2018/ Inventory rests tonight at 742.23 tonnes
*IN LAST 460 TRADING DAYS: 188,48 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 360 TRADING DAYS: A NET 31.94 TONNES HAVE NOW BEEN REMOVED FROM GLD INVENTORY.
end
Now the SLV Inventory/
SEPT 20/WITH SILVER UP 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 334.973 MILLION OZ/
SEPT 18/WITH SILVER DOWN 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 334.973 MILLION OZ/
SEPT 17/WITH SILVER UP 8 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 334.973 MILLION OZ/
SEPT 14/WITH SILVER DOWN 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 334.973 MILLION OZ/
SEPT 13/WITH SILVER DOWN 2 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.316 MILLION OZ OF SILVER ENTERS SLV INVENTORY/INVENTORY RESTS AT 334.973 MILLION OZ/
SEPT 12/WITH SILVER UP 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 333.657 MILLION OZ/
SEPT 11./WITH SILVER DOWN ONE CENT TODAY/WE HAD NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 333.657 MILLION OZ/
SEPT 10.WITH SILVER DOWN 2 CENTS TODAY, WE HAD ANOTHER DEPOSIT OF 940,000 OZ/INVENTORY RESTS AT 333.657 MILLION OZ/
SEPT 7/WITH SILVER DOWN 2 CENTS (AND DOWN 48 CENTS FOR THE WEEK): WE HAD A HUGE DEPOSIT OF 3.008 MILLION OZ INTO THE SLV/
SEPT 6/WITH SILVER DOWN 4 CENTS TO: A SLIGHT CHANGE, A WITHDRAWAL OF 147,000 OZ AND THIS IS TO PAY FOR FEES/INVENTORY RESTS AT 329.709 MILLION OZ/
SEPT 5./WITH SILVER UP 4 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.856 MILLION OZ/
SEPT 4/WITH SILVER DOWN 37 CENTS TODAY/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.856 MILLION OZ/
AUGUST 31/WITH SILVER DOWN ONE CENT TODAY/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.856 MILLION OZ/
AUGUST 30/WITH SILVER DOWN 20 CENTS TODAY, A BIG CHANGE IN SILVER INVENTORY: A DEPOSIT OF 742,000 AT THE SLV.INVENTORY RESTS AT 329.856 MILLION OZ/
AUGUST 29/WITH SILVER DOWN 10 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.104 MILLION OZ/
AUGUST 28/WITH SILVER DOWN 5 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.104 MILLION OZ/
AUGUST 27/WITH SILVERUP 6 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.104 MILLION OZ/
AUGUST 24./WITH SILVER UP 26 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.104 MILLION OZ/
AUGUST 23/WITH SILVER DOWN 20 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.104 MILLION OZ/
AUGUST 22/WITH SILVER DOWN 1 CENT/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.104 MILLION OZ/
AUGUST 21/WITH SILVER UP 2 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.104 MILLION OZ/
AUGUST 20/WITH SILVER UP 6 CENTS: NO CHANGE IN SILVER INVENTORY AT THE SLV/.INVENTORY RESTS AT 329.104 MILLION OZ.
AUGUST 17/WITH SILVER DOWN 4 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 329.104 MILLION OZ
AUGUST 16/WITH SILVER UP 14 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV" A DEPOSIT OF 1.881 MILLION OZ//INVENTORY RESTS AT 329.104 MILLION OZ/
AUGUST 15/WITH SILVER DOWN 56 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 327.223 MILLION OZ/
AUGUST 14/WITH SILVER UP 6 CENTS TODAY/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 327.223 MILLION OZ
AUGUST 13./with silver down 31 cents today: no changes in silver inventory/inventory rests at 327.223 million oz/
AUGUST 10/WITH SILVER DOWN 15 CENTS: A BIG CHANGE IN SILVER INVENTOR: A WITHDRAWAL OF 1.222 MILLION OZ FROM THE SLV INVENTORY /INVENTORY RESTS AT 327.223 MILLION OZ/
AUGUST 9/WITH SILVER UP 3 CENTS TODAY:NO CHANGE IN SILVER INVENTORY /INVENTORY RESTS AT 328.445 MILLION OZ/
AUGUST 8/WITH SILVER UP 5 CENTS TODAY: NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 328.445 MILLION OZ
SEPT 20/2018:
Inventory 334.973 MILLION OZ
6 Month MM GOFO 2.05/ and libor 6 month duration 2.57
Indicative gold forward offer rate for a 6 month duration/calculation:
G0FO+ 2.05
libor 2.57 FOR 6 MONTHS/
GOLD LENDING RATE: .52%
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12 Month MM GOFO+ 2.47%
LIBOR FOR 12 MONTH DURATION: 2.89
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.42
end