Harvey Organ: Silver Wasn't Just THE BIG WINNER But The Bankers Are CAPITULATING
Harvey is all worked up about silver, and for good measure, because what he unveils are some staggering numbers with COMEX silver. Here's the details...
by Harvey Organ of Harvey Organ Report
APRIL 18/SILVER THE BIG WINNER TODAY UP 44 CENTS AT $17.22/GOLD FOLLOWS IN SILVER'S FOOTSTEPS UP $3.65/HUGE SILVER EFP ISSUANCE AT 5077 CONTRACTS AS THESE LONGS TRANSFER OVER TO LONDON/HUGE TARIFFS PLAYING HAVOC IN JAPAN AS INVESTORS THERE BEG RUSAL TO STOP SENDING THEM ALUMINIUM DUE TO ITS HIGH PRICE (CAUSED BY TRUMP TARIFFS)/RONAN MANLY GIVES A TERRIFIC COMMENTARY ON THE GOLD/SILVER MANIPULATION/FRAUD CASE/11 GOP LAWMAKERS SENT TO JEFF SESSIONS THEIR COMPLAINT AGAINST COMEY, CLINTON, LYNCH, PAGE, STRZOK AND MCCABE PLUS MORE SWAMP STORIES FOR YOU TONIGHT/
GOLD: $1350.65 UP $ 3.65 (COMEX TO COMEX CLOSINGS)
Silver: $17.22 UP 44 CENTS (COMEX TO COMEX CLOSINGS)
Closing access prices:
Gold $1349.50
silver: $17.19
For comex gold:
APRIL/
NUMBER OF NOTICES FILED TODAY FOR APRIL CONTRACT:2 NOTICE(S) FOR 200 OZ.
TOTAL NOTICES SO FAR 665 FOR 66500 OZ (2.068 tonnes)
THE COMEX IS OUT OF GOLD
For silver:
APRIL
0 NOTICE(S) FILED TODAY FOR
nil OZ/
Total number of notices filed so far this month: 379 for 1,895,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: BID $8039/OFFER $8139: up $32(morning)
Bitcoin: BID/ $8129/offer 8229: UP $287 (CLOSING/5 PM)
end
I will be reporting on the Shanghai gold fix as I can now attest to it's accuracy:
First Shanghai gold fix comes at 10 pm est
The second Shanghai gold fix: 2:15 pm
First fix gold: 10 pm est: 1352.20
NY price at the same time: 1344.40
PREMIUM TO NY SPOT: $7.80
Second gold fix early this morning:1352.20
USA gold at the exact same time: 1344.80
PREMIUM TO NY SPOT: $7.40
AGAIN, SHANGHAI REJECTS NEW YORK PRICING.
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
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total OPEN INTEREST SURPRISINGLY ROSE BY A SMALL 297 CONTRACTS FROM 214,000 RISING TO 214,297 WITH YESTERDAY'S 10 CENT GAIN IN SILVER PRICING. THIS BROKE THE STRING OF 6 CONSECUTIVE DAYS OF DROPS IN OPEN INTEREST. WE FINALLY HAD ZERO COMEX LIQUIDATION. WE WERE AGAIN NOTIFIED THAT WE HAD A HUMONGOUS SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP : 4963 EFP'S FOR MAY , 114 EFP'S FOR JULY AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE OF 5077 CONTRACTS. WITH THE TRANSFER OF 5077 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 5077 EFP CONTRACTS TRANSLATES INTO 25.03 MILLION OZ ACCOMPANYING THE RISE IN SILVER PRICE AT THE COMEX AND THE STRONG AMOUNT OF SILVER OUNCES STANDING FOR APRIL COMEX DELIVERY.
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF APRIL:
38,821 CONTRACTS (FOR 13 TRADING DAYS TOTAL 38,821 CONTRACTS) OR 194.105 MILLION OZ: AVERAGE PER DAY: 2,986 CONTRACTS OR 14.931 MILLION OZ/DAY
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH: 194.105 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 27.72% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)
ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP'S: 912.235 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
RESULT: WE HAD A SMALL SIZED GAIN IN COMEX OI SILVER COMEX OF 297 WITH THE 10 CENT GAIN IN SILVER PRICE. THE CME NOTIFIED US THAT WE HAD A HUMONGOUS SIZED EFP ISSUANCE OF 5077 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) . FROM THE CME DATA 4963 EFP'S FOR THE MONTH OF MAY AND 114 EFP CONTRACTS FOR JULY, WERE ISSUED FOR A DELIVERABLE FORWARD CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE GAINED 5374 OI CONTRACTS ON THE TWO EXCHANGES: i.e. 5077 open interest contracts headed for London (EFP's) TOGETHER WITH AN INCREASE OF 297 OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE RISE IN PRICE OF SILVER OF 10 CENTS AND A CLOSING PRICE OF $16.78 WITH RESPECT TO YESTERDAY'S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY IN THIS NON ACTIVE APRIL DELIVERY MONTH.
In ounces AT THE COMEX, the OI is still represented by WELL OVER 1 BILLION oz i.e. 1.071 BILLION TO BE EXACT or 153% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT APRIL MONTH/ THEY FILED: 0 NOTICE(S) FOR nil OZ OF SILVER
IN SILVER, WE HAVE NOW SET THE NEW RECORD OF OPEN INTEREST AT 243,411 AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51 ON APRIL 9.2018.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH 27 MILLION OZ AND APRIL 1.8 MILLION OZ)HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018HUGE ANNUAL EFP'S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTIONAND YET 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). IT ALSO LOOKS LIKE BANKER CAPITULATION IN SILVER AS THEY STRUGGLE TO REMOVE SOME OF THEIR HUGE OBLIGATIONS.
In gold, the open interest FELL BY AN SMALL SIZED 1101 CONTRACTS DOWN TO 510,229 WITH THE DROP IN PRICE/YESTERDAY'S TRADING ( FALL OF $1.00). WE ARE NOW IN THE ACTIVE DELIVERYMONTH OF APRIL. THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 7535 CONTRACTS : JUNE SAW THE ISSUANCE OF 7535 CONTRACTS , MAY SAW THE ISSUANCE OF 0 CONTRACTS AND ALL OTHER MONTHS ZERO. The new OI for the gold complex rests at 510,229. 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. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE INCREASE IN GOLD COMEX OI TOGETHER WITH THE TOTAL AMOUNT OF GOLD OUNCES STANDING FOR FEBRUARY COMEX. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.
IN ESSENCE WE HAVE A GOOD SIZED OI GAIN IN CONTRACTS ON THE TWO EXCHANGES 1101 OI CONTRACTS DECREASED AT THE COMEX AND AN STRONG SIZED 7535 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.THUS TOTAL OI GAIN: 6434 CONTRACTS OR 643,400 OZ = 20.01 TONNES.
YESTERDAY, WE HAD 9736 EFP'S ISSUED.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF APRIL : 138,280 CONTRACTS OR 13,828,000 OZ OR 430.108 TONNES (13 TRADING DAYS AND THUS AVERAGING: 10,636 EFP CONTRACTS PER TRADING DAY OR 1,063,600 OZ/ TRADING DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : SO FAR THIS MONTH IN 13 TRADING DAYS IN TONNES: 430.108 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 430.108/2550 x 100% TONNES = 16.86% OF GLOBAL ANNUAL PRODUCTION SO FAR IN MARCH ALONE.*** THE ACCUMULATION OF EFP CONTRACTS IS RISING PER MONTH.
ACCUMULATION OF GOLD EFP'S YEAR 2018 TO DATE: 2,474.60 TONNES
ACCUMULATION OF GOLD EFP'S FOR JANUARY 2018: 653.22 TONNES
ACCUMULATION OF GOLD EFP'S FOR FEBRUARY 2018: 649.45 TONNES
ACCUMULATION OF GOLD EFP'S FOR MARCH 2018: 741.89 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 FAIR SIZED DECREASE IN OI AT THE COMEX OF 1101 DESPITE THE DROP IN PRICE // GOLD TRADING YESTERDAY ($1.00 FALL). HOWEVER, WE HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7535 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 7535 EFP CONTRACTS ISSUED, WE HAD A GOOD SIZED NET GAIN OF 6434 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
7535 CONTRACTS MOVE TO LONDON AND 1101 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 20.01 TONNES).
we had: 2 notice(s) filed upon for 200 oz of gold at the comex.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD
WITH GOLD UP $3.65 : WE HAD NO CHANGES IN GOLD INVENTORY AT THE GLD/
Inventory rests tonight: 865.89 tonnes.
SLV/
WITH SILVER UP 44 CENTS TODAY: NO CHANGES/
/INVENTORY RESTS AT 320.196 MILLION OZ/
Let us head over to the comex:
The total gold comex open interest FELL BY AN FAIR SIZED 1101 CONTRACTS DOWN to an OI level 510,229 WITH THE FALL IN THE PRICE OF GOLD $(1.00 LOSS/ YESTERDAY'S 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. THE CME REPORTS THAT THE BANKERS ISSUED A HUGE SIZED COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS. WE HAD 7535 FOR JUNE, 0 CONTRACTS ISSUED FOR MAY AND ZERO FOR ALL OTHER MONTHS: TOTAL 7535 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: 6434 OI CONTRACTS IN THAT 7535 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST 1101 COMEX CONTRACTS.
NET GAIN ON THE TWO EXCHANGES: 6434 contracts OR 643,400 OZ OR 20.01 TONNES.
Result: A FAIR SIZED DECREASE IN COMEX OPEN INTEREST WITH THE FALL IN PRICE YESTERDAY (ENDING UP WITH A LOSS OF $1.00)THE TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 6434 OI CONTRACTS..
We have now entered the active contract month of APRIL where we LOST 348 contracts LOWERING TO 940 contracts. We had 0 notices served yesterday, so we lost 348 contracts or an additional 34800 oz will not stand for delivery in this active delivery month of April and these lost contracts JOIN THEIR BROTHERS AS THEY MORPH INTO EXCHANGE FOR PHYSICAL CONTRACTS (EFP'S) ONCE THEY HAVE BEEN NEGOTIATED, WRITTEN UP AND SEALED. (i.e. London based forwards)
May saw A LOSS of 8 contracts to stand at 1218. The really big June contract month saw a GAIN of 504 contracts UP to 383,247 contracts. The next big delivery month after June is August and here the OI ROSE BY 749 contracts UP to 49,614.
We had 2 notice(s) filed upon today for 200 oz at the comex
THERE IS NO QUESTION THAT THE COMEX DOES NOT HAVE ANY GOLD TO SATISFY UPON OUR LONGS.
Trading Volumes on the COMEX
PRELIMINARY COMEX VOLUME FOR TODAY:171,580 contracts
CONFIRMED COMEX VOL. FOR YESTERDAY: 288,272 contracts
comex gold volumes are RISING AGAIN
Here is a summary of the latest gold trading volumes at the Comex per year
certainly the introduction of EFP's has certainly had an effect:
Meanwhile, gold-trading volumes on the COMEX have never been higher:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxAnd now for the wild silver comex results.
Total silver OI ROSE BY 297 CONTRACTS FROM 214,000 UP TO 214,297 (AND AWAY FROM THE NEW RECORD OI FOR SILVER SET APRIL 9.2018) WITH THE 10 CENT RISE IN SILVER PRICING. WE ALSO WERE ALSO INFORMED THAT WE HAD A HUMONGOUS 4963 EMERGENCY EFP'S FOR MAY ISSUED BY OUR BANKERS: 114 EFP CONTRACTS ISSUED FOR JULY AND ZERO FOR ALL OTHER MONTHS TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THE TOTAL EFP'S ISSUED: 5077. ON A NET BASIS WE GAINED 5374 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED A 297 CONTRACT GAIN AT THE COMEX COMBINING WITH THE ADDITION OF 5077 OI CONTRACTS NAVIGATING OVER TO LONDON.
NET GAIN ON THE TWO EXCHANGES: 65374 CONTRACTS
AMOUNT STANDING FOR SILVER AT THE COMEX
We are now in the non active delivery month of April and here the front month LOST 115 contracts FALLING TO 96 contracts. We had 115 notices filed upon so in essence we GAINED 0 contracts or ZERO additional ounces of silver will stand for delivery in this non active delivery month of April
The next big active delivery month for silver will be May and here the OI LOST 2044 contracts DOWN to 95,993. June saw a GAIN of 1 contract to stand at 96. The next big delivery month for silver is July and here the OI ROSE by 2160 contracts UP to 81,105.
We had 0 notice(s) filed for NIL OZ for the APRIL 2018 contract for silver
INITIAL standings for APRIL/GOLD
APRIL 18/2018.
For APRIL: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 2 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 2 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the INITIAL total number of gold ounces standing for the APRIL. contract month, we take the total number of notices filed so far for the month (665) x 100 oz or 66500 oz, to which we add the difference between the open interest for the front month of APRIL. (940 contracts) minus the number of notices served upon today (2 x 100 oz per contract) equals 160,300 oz, the number of ounces standing in this active month of APRIL (4.9860 tonnes)
Thus the INITIAL standings for gold for the APRIL contract month:
No of notices served (665 x 100 oz or ounces + {(940)OI for the front month minus the number of notices served upon today (2 x 100 oz )which equals 160,300 oz standing in this active delivery month of APRIL . THERE IS 12.003 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR.
WE LOST 348 COMEX OI CONTRACTS OR 34800 OZ OF GOLD WILL NOT STAND BUT THESE GUYS MORPHED INTO LONDON BASED FORWARDS.
total registered or dealer gold: 385,923.014 oz or 12.003 tonnestotal registered and eligible (customer) gold; 9,051,749.97 oz 281.547 tonesTHE COMEX IS AGAIN IN STRESS AS ONLY 12.003 TONNES OF GOLD ARE LEFT TO SERVICE DELIVERIES. THERE IS HARDLY ANY GOLD AT THE COMEX TO SERVE UPON LONGS AND THUS THE REASON FOR THE EFP TRANSFER OVER TO LONDON.IN THE LAST 18 MONTHS 72 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE APRIL DELIVERY MONTH
APRIL INITIAL standings/SILVER
we had 0 inventory movement at the dealer side of things
total dealer deposits: nil oz
we had 0 deposits into the customer account
i) Into JPMorgan: nil oz
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 140 million oz of total silver inventory or 53.4% of all official comex silver. (140 million/263 million)
JPMorgan did not deposit into its warehouses (official) today.
ii) INTO EVERYBODY ELSE: ZERO OZ
total deposits today: ZERO oz
we had 2 withdrawals from the customer account;
i) out of JPMorgan; 605,295.100 oz
ii) Out of Scotia: 60,641.660
total withdrawals; 1,267,370.360 oz
accumulation in last two days for JPMorgan silver withdrawal:1,812,023.0 oz
why is JPMorgan withdrawing so much silver?
we had 0 adjustment
total dealer silver: 61.363 million
total dealer + customer silver: 261.925 million oz
The total number of notices filed today for the APRIL. contract month is represented by 0 contract(s) FOR NIL oz. To calculate the number of silver ounces that will stand for delivery in APRIL., we take the total number of notices filed for the month so far at 379 x 5,000 oz = 1,895,000 oz to which we add the difference between the open interest for the front month of April. (96) and the number of notices served upon today (0 x 5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the APRIL contract month: 379(notices served so far)x 5000 oz + OI for front month of April(96) -number of notices served upon today (115)x 5000 oz equals 2,375,000 oz of silver standing for the April contract month
WE GAINED 0 SILVER CONTRACT OR NIL ADDITIONAL OUNCES WILL STAND IN THIS NON ACTIVE DELIVERY MONTH OF APRIL
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
ESTIMATED VOLUME FOR TODAY: 97,131 CONTRACTS
CONFIRMED VOLUME FOR YESTERDAY: 108,999 CONTRACTS
YESTERDAY'S CONFIRMED VOLUME OF 108,999 CONTRACTS EQUATES TO 544 MILLION OZ OR 77.8% OF ANNUAL GLOBAL PRODUCTION OF SILVER
COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42The previous record was 224,540 contracts with the price at that time of $20.44
end
NPV for Sprott
1. Sprott silver fund (PSLV): NAV FALLS TO -1.92% (APRIL 18/2018)2. Sprott gold fund (PHYS): premium to NAV RISES TO -0.51% to NAV (APRIL 18/2018 )Note: Sprott silver trust back into NEGATIVE territory at -1.92%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.51%/Central fund of Canada's is still in jail but being rescued by Sprott.Sprott WINS hostile 3.1 billion bid to take over Central Fund of Canada
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA): NAV FALLS TO -2.40%: NAV 13.90/TRADING 13.58//DISCOUNT 2.40.
END
And now the Gold inventory at the GLD/
APRIL 18/WITH GOLD UP $3.65: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 859.89 TONNES
APRIL 17/WITH GOLD DOWN $1.00 NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 865.89 TONNES/
April 16/WITH GOLD UP$2.80/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 865.89 TONNES/
April 13/WITH GOLD UP $6.15, A HUGE DEPOSIT OF 5.90 TONNES INTO THE GLD INVENTORY/INVENTORY RESTS AT 865.89 TONNES
April 12/WITH GOLD DOWN $17.40/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 859.99 TONNES
April 11/WITH GOLD UP $13.85/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 859,99 TONNES
APRIL 10/WITH GOLD UP $5.25/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 859.99 TONNES
APRIL 9/WITH GOLD UP$4.50/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 859.99 TONNES
APRIL 6/WITH GOLD UP $7.50 ,A HUGE CHANGE IN INVENTORY AT THE GLD/ A DEPOSIT OF 5.90 TONNES/INVENTORY RESTS AT 859.99 TONNES
APRIL 5/WITH GOLD DOWN $8.20 WE HAD TWO ENTRIES: 1) TINY WITHDRAWAL OF .28 TONNES TO PAY FOR FEES AND 2) A DEPOSIT OF 2.06 TONNES//INVENTORY RESTS AT 854.09 TONNES
April 4/WITH GOLD UP $2.90 WE HAD NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 852.31 TONNES
APRIL 3./WITH GOLD DOWN $9.30 WE HAD NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 852.31 TONNES
APRIL 2/WITH GOLD UP $19.50, WE HAD A BIG CHANGES IN GOLD INVENTORY AT THE GLD A DEPOSIT OF 6.19 TONNES/INVENTORY RESTS AT 852.31 TONNES
MARCH 29/WITH GOLD DOWN $3.20 AND OPTIONS EXPIRY FINISHED, WE HAD NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS A 846.12 TONNES
March 28/WITH GOLD DOWN $16.70, ANOTHER RAID ORCHESTRATED, AGAIN NO SURPRISES AS WE WITNESS ANOTHER 1.18 TONNES OF GOLD REMOVED/INVENTORY RESTS AT 846.12 TONNES
MARCH 27/WITH GOLD DOWN $11.70 AND A RAID INITIATED, IT WAS NO SURPRISE TO SEE THAT A MASSIVE WITHDRAWAL OF 3.24 TONNES WAS USED IN THE ABOVE RAID/INVENTORY RESTS AT 847.30 TONNES
MARCH 26./WITH GOLD UP $4.60/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 850.54 TONNES
MARCH 23/WITH GOLD UP $23.30/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 850.54 TONNES
MARCH 22.WITH GOLD UP $5.90, NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 850.54 TONNES/
MARCH 21/WITH GOLD UP $9.65 NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 850.54 TONNES
March 20/WITH GOLD DOWN $5.75, A SURPRISING HUMONGOUS DEPOSIT OF 10.32 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 850.64 TONNES/
SO FAR, FOR THE MONTH OF MARCH, THE GLD HAS ADDED 19.61 TONNES WITH A NET LOSS OF $17.45
March 19/WITH GOLD UP $5.25: ANOTHER HUGE DEPOSIT OF GOLD TO THE TUNE OF 2.07 TONNES/GOLD INVENTORY RESTS TONIGHT AT 840.22 TONNES
MARCH 16/WITH GOLD DOWN $5.65/OUR CROOKS DEPOSITED ANOTHER 4.42 TONNES INTO GLD INVENTORY/INVENTORY RESTS AT 838.15 TONNES
FOR THE WEEK: GOLD LOST $11.80, BUT GOLD INVENTORY ADVANCED:4.42 TONNES
MARCH 15/WITH GOLD DOWN $7.85, NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.73 TONNES
MARCH 14/WITH GOLD DOWN $1.55/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.73 TONNES
MARCH 13/WITH GOLD UP $6.25/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 833.73 TONNES
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
APRIL 18/2018/ Inventory rests tonight at 865.89 tonnes
*IN LAST 364 TRADING DAYS: 75.15 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 314 TRADING DAYS: A NET 81.15 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
end
Now the SLV Inventory/
APRIL 18/WITH SILVER UP 44 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.196 MILLION OZ
APRIL 17/WITH SILVER UP 10 CENTS TODAY/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.196 MILLION OZ
April 16/WITH SILVER UP 7 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.196 MILLION OZ/
April 13/WITH SILVER UP 17 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.196 MILLION OZ.
April 12/WITH SILVER DOWN 27 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.196 MILLION OZ/
April 11/2018/WITH SILVER UP 16 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.196 MILLION OZ/
APRIL 10/WITH GOLD UP 8 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 320.196 MILLION OZ/
APRIL 9/WITH SILVER UP 12 CENTS/WE HAD NO CHANGES IN SILVER INVENTORY/INVENTORY RESTS AT 320.196 MILLION OZ/
APRIL 6/WITH SILVER UP 4 CENTS, WE HAD A HUGE DEPOSIT OF 1.319 MILLION OZ INTO THE SLV INVENTORY/INVENTORY RESTS AT 320.196 MILLION OZ
APRIL 5/WITH SILVER UP 6 CENTS/NO CHANGES IN INVENTORY AT THE SLV/INVENTORY RESTS AT 318.877 MILLION OZ/
April 4/WITH SILVER DOWN 11 CENTS/A SMALL CHANGE IN SILVER INVENTORY AT THE SLV/ A WITHRAWAL OF 135,000 OZ AND THIS IS PROBABLY TO PAY FOR FEES/INVENTORY RESTS AT 318.877 MILLION OZ/
APRIL 3./WITH SILVER DOWN 16 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ/
APRIL 2/WITH SILVER UP 34 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ/
MARCH 29/WITH SILVER UP 6 CENTS, THE CROOKS DECIDED THAT THEY HAD BETTER ADD SOME 943,000 PAPER OZ TO THEIR INVENTORY/INVENTORY RESTS AT 319.012 MILLION OZ
March 28/WITH SILVER DOWN 27 CENTS/AGAIN NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.069 MILLION OZ
MARCH 27/WITH SILVER DOWN 14 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.069 MILLION OZ/
WITH SILVER UP 11 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.069 MILLION OZ/
MARCH 23/WITH SILVER UP 19 CENTS, A HAD A BIG WITHDRAWAL OF 1.602 MILLION OZ.INVENTORY RESTS AT 318.069 MILLION OZ/
MARCH 22/WITH SILVER DOWN ONE CENT, NO CHANGE IN SLV INVENTORY/INVENTORY RESTS AT 319.671 MILLION OZ/
March 21/WITH SILVER UP 21 CENTS/NO CHANGE IN SLV INVENTORY/INVENTORY RESTS AT 319.671 MILLION OZ/
March 20/WITH SILVER DOWN 13 CENTS/NO CHANGE IN SLV INVENTORY/INVENTORY RESTS AT 319.671 MILLION OZ/
March 19/WITH SILVER UP 5 CENTS, THE SLV ADDS A SMALL 659,000 OZ TO ITS INVENTORY/INVENTORY RESTS AT 319.671 MILLION OZ/
MARCH 16/WITH SILVER DOWN 15 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ.
FOR THE WEEK; SILVER IS DOWN 42 CENTS YET ADDS 943,000 OZ OF SILVER INTO THE SLV/
MARCH 15/WITH SILVER DOWN 11 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ/
MARCH 14/WITH SILVER DOWN 8 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ/
MARCH 13/WITH SILVER UP 10 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 319.012 MILLION OZ/
HAD ANOTHER HUGE ADDITION OF 1.315 MILLION OZ/INVENTORY RESTS AT 316.590 MILLION OZ/
APRIL 17/2018: A NO CHANGES IN SILVER INVENTORY:
Inventory 320.196 million oz
end
6 Month MM GOFO 2.03/ and libor 6 month duration 2.50
Indicative gold forward offer rate for a 6 month duration/calculation:
G0FO+ 2.03%
libor 2.50 FOR 6 MONTHS/
GOLD LENDING RATE: .47%
XXXXXXXX
12 Month MM GOFO+ 2.75%
LIBOR FOR 12 MONTH DURATION: 2.50
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.25
end