Harvey Organ: The Assault On $1500 Gold And $18 Silver Begins
We're witnessing serious banker short covering in silver, and we are also just saw a humongous increase in silver's open interest. Here's an update...
by Harvey Organ of Harvey Organ Blog
DEC 24//THE ASSAULT ON 1500 DOLLAR GOLD AND 18 DOLLAR SILVER BEGINS: GOLD UP $14.60 TO $1499.75//SILVER UP 32 CENTS TO $17.75//
GOLD:$1499.75 UP $14.60 (COMEX TO COMEX CLOSING
Silver:$17.75 UP 32 CENTS (COMEX TO COMEX CLOSING) :
Closing access prices:
Gold : $1499.75
silver: $17.75
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 332/589
EXCHANGE: COMEXCONTRACT: DECEMBER 2019 COMEX 100 GOLD FUTURESSETTLEMENT: 1,482.500000000 USDINTENT DATE: 12/23/2019 DELIVERY DATE: 12/26/2019FIRM ORG FIRM NAME ISSUED STOPPED____________________________________________________________________________________________435 H SCOTIA CAPITAL 5657 C MORGAN STANLEY 64661 C JP MORGAN 332737 C ADVANTAGE 4 31800 C MAREX SPEC 1 20880 H CITIGROUP 584905 C ADM 19991 H CME 118
TOTAL: 589 589MONTH TO DATE: 14,638
we are coming very close to a commercial failure!!
NUMBER OF NOTICES FILED TODAY FOR DEC CONTRACT: 589 NOTICE(S) FOR 58,900 OZ (1.832 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 14,638 NOTICES FOR 1,463800 OZ (45.53 TONNES)
SILVER
FOR DEC
134 NOTICE(S) FILED TODAY FOR 670,000 OZ/
total number of notices filed so far this month: 4124 for 20,620,000 oz
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Bitcoin: OPENING MORNING TRADE : $ 7364 UP 50
Bitcoin: FINAL EVENING TRADE: $ 7173 DOWN 125
Let us have a look at the data for today
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IN SILVER THE COMEX OI ROSE BY A HUMONGOUS SIZED 5810 CONTRACTS FROM 210,977 UP TO 216,787 WITH THE 26 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:,
; FEB 0; MARCH: 1768 AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1768 CONTRACTS. WITH THE TRANSFER OF 1768 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 1768 EFP CONTRACTS TRANSLATES INTO 8.84 MILLION OZ ACCOMPANYING:
1.THE 26 CENT GAIN IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST 12 MONTHS:
JUNE/2018. (5.420 MILLION OZ);
FOR JULY: 30.370 MILLION OZ
FOR AUG., 6.065 MILLION OZ
FOR SEPT. 39.505 MILLION OZ S
FOR OCT.2.525 MILLION OZ.
FOR NOV: A HUGE 7.440 MILLION OZ STANDING AND
21.925 MILLION OZ FINALLY STAND FOR DECEMBER.
5.845 MILLION OZ STAND IN JANUARY.
2.955 MILLION OZ STANDING FOR FEBRUARY.:
27.120 MILLION OZ STANDING IN MARCH.
3.875 MILLION OZ STANDING FOR SILVER IN APRIL.
18.845 MILLION OZ STANDING FOR SILVER IN MAY.
2.660 MILLION OZ STANDING FOR SILVER IN JUNE//
22.605 MILLION OZ STANDING FOR JULY
10.025 MILLION OZ INITIAL STANDING IN AUGUST.
43.030 MILLION OZ INITIALLY STANDING IN SEPT. (HUGE)
7.32 MILLION OZ INITIALLY STANDING IN OCT
2.630 MILLION OZ STANDING FOR NOV.
20.935 MILLION OZ INITIALLY STANDING IN DEC
YESTERDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO CONTAIN SILVER'S PRICE...AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE 26 CENTS).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS AS THE TOTAL GAIN IN OI ON BOTH EXCHANGES TOTALED 7578 CONTRACTS. OR 37.89 MILLION OZ.....
ALSO KEEP IN MIND THAT THE SPREADERS HAVE ALREADY STARTED THEIR INCREASE OF OI CONTRACTS IN SILVER. AND THAT IS PROBABLY THE REASON FOR THE STRONG GAIN IN COMEX OI.WE SHOULD SEE THE SPREADING LIQUIDATION PHASE BEGIN DURING THIS COMING WEEK.
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF DEC:
29,552 CONTRACTS (FOR 19 TRADING DAYS TOTAL 29,552 CONTRACTS) OR 147.76 MILLION OZ: (AVERAGE PER DAY: 1555 CONTRACTS OR 7.776 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF DEC: 147.76 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 19.84% 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: 2,223.04 MILLION OZ.
JANUARY 2019 EFP TOTALS: 217.455. MILLION OZ
FEB 2019 TOTALS: 147.4 MILLION OZ/
MARCH 2019 TOTAL EFP ISSUANCE: 207.835 MILLION OZ
APRIL 2019 TOTAL EFP ISSUANCE: 182.87 MILLION OZ.
MAY 2019: TOTAL EFP ISSUANCE: 136.55 MILLION OZ
JUNE 2019 , TOTAL EFP ISSUANCE: 265.38 MILLION OZ
JULY 2019 TOTAL EFP ISSUANCE: 175.74 MILLION OZ
AUG. 2019 TOTAL EFP ISSUANCE; 216.47 MILLION OZ
SEPT 2019 TOTAL EFP ISSUANCE 174.900 MILLION OZ
OCT 2019 TOTAL EFP ISSUANCE: 146.14 MILLION OZ
NOV 2019 TOTAL EFP ISSUANCE: 213.60 MILLION OZ.
SPREADING LIQUIDATION HAS NOW STOPPED IN GOLD AS THEY MORPH INTO SILVER AS THEY HEAD TOWARDS THE NEW FRONT MONTH WILL BE JANUARY. THE CONTRACTION PHASE WILL BEGIN THIS WEEK.
FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:
THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR GOLD..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR SILVER. THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE
FOR THOSE OF YOU WHO ARE NEWCOMERS HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;
MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:
.
AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:
"AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO SILVER AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX SILVER 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 ACTIVE DELIVERY MONTH OF DEC HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF JANUARY FOR SILVER:
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 ACTIVE MONTH OF DEC BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVER WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING NON ACTIVE DELIVERY MONTH (JAN), 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."
RESULT: WE HAD A HUMONGOUS SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 5810, WITH THE 26 CENT GAIN IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 1768 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 SIZED: 7578 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 1768 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH INCREASE OF 5810 OI COMEX CONTRACTS. AND ALL OF THIS STRONG DEMAND HAPPENED WITH A 26 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $17.43 WITH RESPECT TO MONDAY'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. 1.055 BILLION OZ TO BE EXACT or 150% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT DEC MONTH/ THEY FILED AT THE COMEX: 134 NOTICE(S) FOR 670,000 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 $14.70
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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 43.030 MILLION OZ//OCT: 7.665 MILLION OZ// NOV: 2.630 MILLION OZ//DEC: 20.935 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 OZ
AND 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)
GOLD
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A VERY STRONG SIZED 7497 CONTRACTS TO 734,030 SETTING AN ALL TIME RECORD (SET DEC 24/2019) AND THUS ECLIPSING OUR PREVIOUS ALL TIME RECORD OF 728,365 (SET DEC 20/2019).
THE RISE IN COMEX OI OCCURRED WITH A $7.75 PRICING GAIN ACCOMPANYING COMEX GOLD TRADING// MONDAY// /
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED 4718 CONTRACTS:
DEC 2019: 0 CONTRACTS, FEB> 4718 CONTRACTS APRIL: 0 AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 734,030,,. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP'S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.
IN ESSENCE WE HAVE A VERY STRONG SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 12,215 CONTRACTS: 7,497 CONTRACTS INCREASED AT THE COMEX AND 4718 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 12,215 CONTRACTS OR 1,221,500 OZ OR 37.99 TONNES. MONDAY WE HAD A GAIN OF $7.75 IN GOLD TRADING....
AND WITH THAT GAIN IN PRICE, WE HAD A VERY STRONG GAIN IN GOLD TONNAGE OF 37.99 TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON. THE BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD'S PRICE (UP $7.75) . THEY WERE TOTALLY UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE GOLD LONGS FROM THE GOLD ARENA AS WE HAD OUR STRONG GAIN IN OPEN INTEREST ON OUR TWO EXCHANGES (37.99 TONNES). THE SPREADING OPERATION HAS NOW SWITCHED OVER TO SILVER.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC : 129,198 CONTRACTS OR 12,919,800 oz OR 401.86 TONNES (19 TRADING DAY AND THUS AVERAGING: 6799 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 19 TRADING DAYS IN TONNES: 401.86 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 401.86/3550 x 100% TONNES =11.32% OF GLOBAL ANNUAL PRODUCTION
WE ARE WITNESSING AN INCREASING USE OF OUR EXCHANGE FOR PHYSICAL MECHANISM TO MOVE CONTRACTS OFF OF NY AND INTO LONDON. IT BEGAN IN JUNE 2019 AND CONTINUES TO THIS DAY.
ACCUMULATION OF GOLD EFP'S YEAR 2019 TO DATE: 6,127.96 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
SEPT 2019 TOTAL EFP ISSUANCE 509.57 TONNES
OCT 2019 EFP ISSUANCE 497.16 TONNES
NOV.2019 EFP ISSUANCE: 568.20 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 STRONG SIZED INCREASE IN OI AT THE COMEX OF 7497 WITH THE PRICING GAIN THAT GOLD UNDERTOOK YESTERDAY($7.75)) //.WE ALSO HAD A GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 4718 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 4718 EFP CONTRACTS ISSUED, WE HAD A VERY STRONG SIZED GAIN OF 12,215 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
4718 CONTRACTS MOVE TO LONDON AND 7497 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 37.99 TONNES). ..AND THIS INCREASE OF DEMAND OCCURRED WITH A GAIN IN PRICE OF $7.75 WITH RESPECT TO FRIDAY'S TRADING AT THE COMEX.
THE COMEX IS NOW UNDER FULL ASSAULT WITH RESPECT TO GOLD AND SILVER.
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With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD $14.60 TODAY//(COMEX-TO COMEX)
no change in gold inventory at the GLD
DEC 24/2019/Inventory rests tonight at 885.93 tonnes
SLV/
THIS MAKES NO SENSE WHATSOEVER:
WITH SILVER 26 CENTS TODAY
A HUGE PAPER WITHDRAWAL IN SILVER INVENTORY AT THE SLV
OF 1.028 MILLION OZ
DEC 18/INVENTORY RESTS AT 363.830 MILLION OZ.
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
Let us head over to the comex:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A STRONG SIZED 7497 CONTRACTS, UP TO A NEW RECORD OF 734,030 (ECLIPSING OUR PREVIOUS NEW RECORD OF 728,365 SET DEC 20/2019) WITH THE GAIN OF $7.75 IN GOLD PRICING // MONDAY'S // COMEX TRADING)
WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF DEC.. THE CME REPORTS THAT THE BANKERS ISSUED A GOOD SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 4718 EFP CONTRACTS WERE ISSUED:
DEC: 00 ; FEB: 4178 AND APRIL: 00 ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 4178 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: 12,215 TOTAL CONTRACTS IN THAT 4718 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A VERY STRONG SIZED 7497 COMEX CONTRACTS.
THE BANKERS SUPPLIED THE NECESSARY AND INFINITE AMOUNT OF SHORT PAPER IN GOLD. THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD'S PRICE //// (IT ROSE BY $7.75). AND THEY WERE MOST DEFINITELY UNSUCCESSFUL IN FLEECING ANY LONGS AS WE GAINED A VERY STRONG 12,215 CONTRACTS ON OUR TWO EXCHANGES.....
NET GAIN ON THE TWO EXCHANGES :: 12,215 CONTRACTS OR 1,221,500 OZ OR 37.99 TONNES.
We are now in the active contract month of DEC. This month is always the biggest delivery month of the year. Here we have a total of 727 open interest stand for a GAIN of 216 contracts. We had 10 notices filed on MONDAY so we GAINED ANOTHER STRONG 226 contracts or an additional 22,600 OZ will stand for delivery at the comex as they will try their luck finding physical metal on the this side of the pond as they refused to morph into London based forwards and well as negating a fiat bonus...queue jumping resumes with a vengeance.
we had: 589 notice(s) filed upon for 58,900 oz of gold at the comex.
The next non active contract month after Dec, is January and it saw its OI DECREASE by 178 contracts DOWN to 2617 which is STILL UNBELIEVABLY high for a January delivery month. Normally we see some rolling action as longs sell their January contracts and move to Feb. This is not happening..longs are refusing to roll and are standing pat!!
The next active delivery month after January is February and here we witnessed A GAIN OF 8460 in contracts UP to 520,999.
THE PAPER HELD FOR JANUARY IS IN VERY STRONG HANDS AND THESE GUYS ARE REFUSING TO ROLL. THIS IS ROUGHLY 8 TONNES OF GOLD WHICH WILL BE A HUGE RECORD STANDING FOR A GENERALLY WEAK JANUARY DELIVERY MONTH.
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And now for the wild silver comex results
Total COMEX silver OI ROSE BY A HUMONGOUS SIZED 5810 CONTRACTS FROM 210,977 UP TO 216,787(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 STRONG OI COMEX GAIN OCCURRED WITH A 26 CENT GAIN IN PRICING/FRIDAY.
WE ARE NOW INTO THE ACTIVE DELIVERY MONTH OF DEC.
Here we have a LOSS of 191 contracts DOWN to 197. We had 191 notices served up on longs yesterday, so we GAINED 0 contracts or an additional NIL oz will stand in this active delivery month of December as they guys refused to morph into London based forwards as well as negating a fiat bonus.
After December, we have a LOSS in the next front month of January of 23 contracts to stand at 580. The Feb non active month saw a GAIN of 18 contracts UP to 207. March is a very active month and here we witness a GAIN of 5672 contracts UP to 170,980
We, today, had 134 notice(s) filed for 670,000, OZ for the DEC, 2019 COMEX contract for silver
Trading Volumes on the COMEX TODAY: 155,492 contracts
CONFIRMED COMEX VOL. FOR YESTERDAY: 144,517 contracts
INITIAL standings for DEC/GOLD
DEC 24/2019
we had 0 dealer entry:
We had 1 kilobar entries
total dealer deposits: 0 oz
total dealer withdrawals: 0 oz
we had 1 deposit into the customer account
i) Into JPMorgan: nil oz
ii)into Scotia: 21,411.900 oz
666 kilobars
total gold deposits: 21,411.900oz
we had 1 gold withdrawals from the customer account:
i) Out of HSBC 898.53 oz
total gold withdrawals; 898.53 oz
ADJUSTMENTS: 0
FOR THE DEC 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 589 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 332 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account and 0 notices by the squid (Goldman Sachs)
To calculate the INITIAL total number of gold ounces standing for the DEC /2019. contract month, we take the total number of notices filed so far for the month (14,638) x 100 oz , to which we add the difference between the open interest for the front month of DEC. (727 contracts) minus the number of notices served upon today (589 x 100 oz per contract) equals 1,487,600 OZ OR 46.27 TONNES) the number of ounces standing in this active month of DEC
Thus the INITIAL standings for gold for the DEC/2019 contract month:
No of notices served (14,638 x 100 oz) + (727)OI for the front month minus the number of notices served upon today (589 x 100 oz )which equals 1,487,600 oz standing OR 46.27 TONNES in this active delivery month of DEC.
We GAINED 220 contracts or an additional 22000 oz will stand at the comex as they REFUSED TO morph into London based forwards.
SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES.... WE HAVE ONLY 31.988 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS.
HERE IS WHAT STOOD DURING THESE PAST 5 MONTHS: AUGUST 27.153 TONNES
SEPT: 5.4525 TONNES
OCT...................................................................................... 37.99 TONNES
NOV...... 5.3841 tonnes
DEC............................... 46.27 TONNES
total: 121.24 tonnes
ACCORDING TO COMEX RULES:
IF WE INCLUDE THE PAST 5 MONTHS OF SETTLEMENTS WE HAVE 17.9576 TONNES SETTLED
IF WE ADD THE FIVE DELIVERY MONTHS: 121.924 tonnes
Thus:
121.924 tonnes of delivery -
18.2539 TONNES DEEMED SETTLEMENT
= 103.67 TONNES STANDING FOR METAL AGAINST 31.988 TONNES OF REGISTERED OR FOR SALE COMEX GOLD! THIS IS WHY GOLD IS SCARCE AT THE COMEX.
total registered or dealer gold: 1,265,992.627 oz or 39.377 tonneswhich includes the following:a) registered gold that can be used to settle upon: 1,028,439.0 oz (31.988 tonnes)b) pledged gold held at HSBC which cannot settle upon: 237,553.646 oz ( 7.38989)//+ total 7.38989 tonnestrue registered gold (total registered - pledged tonnes 1,028,439.0 (31.988 tonnes)total registered, pledged and eligible (customer) gold; 8,667,808.082 oz 269.605 tonnes
THE GOLD COMEX IS NOW IN STRESS AS1. GOLD IS LEAVING THE COMEX 2. GOLD IS LEAVING THE REGISTERED CATEGORY OF THE COMEX.
WHY ARE THEY NOT SETTLING?
THE COMEX IS AN ABSOLUTE FRAUD..
end
And now for silver
AND NOW THE DELIVERY MONTH OF DEC.
INITIAL standings/SILVER
IN TOTAL CONTRAST TO GOLD, HUGE ACTIVITY IN SILVER TODAY.
**
we had 1 inventory movement at the dealer side of things
i) Into the Dealer Brinks: 342,712.01 oz
total dealer deposits: 342,712.01 oz
total dealer withdrawals: nil oz
i)we had 2 deposits into the customer account
into JPMorgan: 0
ii) Into CNT: 609,194.800 oz
iii) Into Delaware: 936.800 oz
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 161.3 million oz of total silver inventory or 50.77% of all official comex silver. (161.3 million/317.66 million
total customer deposits today: 0 oz
we had 1 withdrawals out of the customer account:
i) Out of HSBC; 4804.300
total withdrawals; 4804.300 oz
We had 0 adjustment:
total dealer silver: 89.170 million
total dealer + customer silver: 317.787 million oz
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The total number of notices filed today for the DEC 2019. contract month is represented by 134 contract(s) FOR 670,000 oz
To calculate the number of silver ounces that will stand for delivery in DEC, we take the total number of notices filed for the month so far at 4124 x 5,000 oz = 20,670,000 oz to which we add the difference between the open interest for the front month of DEC. (197) and the number of notices served upon today 134 x (5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the DEC/2019 contract month: 4124 (notices served so far) x 5000 oz + OI for front month of DEC (197)- number of notices served upon today (134) x 5000 oz equals 20,935,000 oz of silver standing for the DEC contract month.
We gained 0 contracts or an additional NIL oz will stand at the comex as they, refused to morphed into London based forwards.
LADIES AND GENTLEMEN: THE COMEX IS UNDER ASSAULT FOR BOTH PHYSICAL GOLD AND SILVER WITH SILVER IN THE LEAD BY FAR. DESPITE MASSIVE RAIDS, LONGS CONTINUE WITH THEIR HUNT AT THE COMEX FOR PHYSICAL METAL.. IT WILL NOT BE LONG BEFORE WE WITNESS A COMMERCIAL FAILURE..STAY TUNED..WE WITNESSED CONSIDERABLE BANKER SHORT COVERING IN SILVER TODAY AND AN ATTEMPTED BANKER SHORT COVERING IN GOLD WITH ZERO SUCCESS.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 134 notice(s) filed for 670,000 OZ for the DEC, 2019 COMEX contract for silver
TODAY'S ESTIMATED SILVER VOLUME: 63.001 CONTRACTS //
CONFIRMED VOLUME FOR YESTERDAY: 67,668 CONTRACTS..
YESTERDAY'S CONFIRMED VOLUME OF 67,6682 CONTRACTS EQUATES to 338 million OZ 48.3% 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 -1.91% ((DEC 24/2019)2. Sprott gold fund (PHYS): premium to NAV RISES TO -1.27% to NAV (DEC 24/2019 )Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/ -1.91%
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 14.87 TRADING 14.34///DISCOUNT 3,57
END
And now the Gold inventory at the GLD/
DEC 24/WITH GOLD UP $14.60//NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 885.93 TONNES
DEC 23/WITH GOLD UP $7.75: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.64 TONNES OF PAPER GOLD INTO THE GLD////INVENTORY RESTS AT 885.93 TONNES
DEC 20/WITH GOLD DOWN $3.15 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 883.29 TONNES
DEC 19/WITH GOLD UP $6.65 TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER DEPOSIT OF 2.65 TONNES INTO THE GLD///INVENTORY RESTS AT 883.29 TONNES
DEC 18/WITH GOLD DOWN $2.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 5.56 TONNES FROM THE GLD////INVENTORY RESTS AT 880.66 TONNES
DEC 17/WITH GOLD UP $.30 TODAY: 1 SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .29 TONNES/INVENTORY RESTS AT 886.22 TONNES
DEC 16//WITH GOLD DOWN $.40 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 885.93 TONNES
DEC 13/ WITH GOLD UP $8.60 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 885.93 TONNES
DEC 12/WITH GOLD DOWN $2.65: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 885.93 TONNES
DEC 11/WITH GOLD UP $7.00: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .30 TONNES/INVENTORY RESTS AT 885.93 TONNES
DEC 10//WITH GOLD UP $3.00: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 886.23 TONNES
DEC 9//WITH GOLD DOWN $.60: A HUGE PAPER WITHDRAWAL OF GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.34 TONNES//INVENTORY RESTS AT 886.23 TONNES
DEC 6//WITH GOLD DOWN $16.75 NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 888.57 TONNES
DEC 5/2019: WITH GOLD UP $3.60 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF .59 TONNES/INVENTORY RESTS AT 888.57 TONNES
DEC 4/2019/WITH GOLD DOWN $4.00 TODAY//NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 889.16 TONNES
DEC 3/WITH GOLD UP $15.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 7.32 TONNES/INVENTORY RESTS AT 889.16 TONNES
DEC 2 /WITH GOLD DOWN $.40 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 895.60 TONNES
NOV 29/WITH GOLD UP $9.85//A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL TO PAY FOR FEES ETC./INVENTORY RESTS AT 895.60 TONNES
NOV 27//WITH GOLD DOWN $6.10 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 896.48 TONNES//
NOV 26/WITH GOLD UP $3.10 TODAY:: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER GOLD DEPOSIT OF 4.69 TONNES INTO THE GLD///INVENTORY RESTS AT 896.48 TONNES
NOV 25/WITH GOLD DOWN $6.45: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 891.79 TONNES
NOV 22/WITH GOLD DOWN $1.00//NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 891.79 TONNES
NOV 21/ WITH GOLD DOWN $10.85 //NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 891.79 TONNES
NOV 20/WITH GOLD UP $.50 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 891.79 TONNES
NOV 19/WITH GOLD UP $2.40 TODAY: A HUGE CHANGE: A MASSIVE PAPER WITHDRAWAL OF 4.98 TONNES OF GOLD FROM THE GLD AND THIS WITH A GOLD PRICE RISE?/INVENTORY RESTS AT 891.79 TONNES
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DEC 24/2019/Inventory rests tonight at 885.93 tonnes
*IN LAST 731 TRADING DAYS: 51.32 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 631 TRADING DAYS: A NET 115.73 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.
end
Now the SLV Inventory/
DEC 24 WITH SILVER UP 32 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 363.830 MILLION OZ//
DEC 23/WITH SILVER UP 26 CENTS TODAY: A HUGE PAPER WITHDRAWAL OF 1.028 MILLION PAPER OZ IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 363.830 MILLION OZ//
DEC 20/WITH SILVER UP 7 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 364.858 MILLION OZ//
DEC 19/WITH SILVER UP 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 364.858 MILLION OZ//
DEC 18/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 364.858 MILLION OZ//
DEC 17//WITH SILVER DOWN 5 CENTS TODAY: A FAIR SIZED CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 747,000 OZ FROM THE SLV/INVENTORY RESTS AT 364.858 MILLION OZ/?
DEC 16/WITH SILVER UP 12 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 365.605 MILLION OZ//
DEC 13//WITH SILVER UP 7 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 365.605 MILLION OZ//
DEC 12/WITH SILVER UP 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 365.605 MILLION OZ
DEC 11/WITH SILVER UP 13 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 365.605 MILLION OZ//
DEC 10//WITH SILVER UP 5 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY: A PAPER WITHDRAWAL OF 1.495 MILLION OZ//// INVENTORY RESTS AT 365.605 MILLION OZ//
DEC 9/WITH SILVER UP 3 CENTS TODAY: A HUGE PAPER WITHDRAWAL OF 1.869 MILLION OZ FROM SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 367.100 MILLION OZ/
DEC 6/WITH SILVER DOWN 42 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 368.969 MILLION OZ//
DEC 5//WITH SILVER UP 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 368.969 MILLION OZ//
DEC 4/WITH SILVER DOWN 31 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 368.969 MILLION OZ//
DEC 3//WITH SILVER UP 25 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER WITHDRAWAL OF 1.512 MILLION OZ FROM THE SLV.//INVENTORY RESTS AT 368.969 MILLION OZ..
DEC 2/WITH SILVER DOWN 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 370.481 MILLION OZ
NOV 29/WITH SILVER UP 4 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER WITHDRAWAL OF 2.383 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 370.481 MILLION OZ//
NOV 27/WITH SILVER DOWN 8 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER WITHDRAWAL OF 1.868 MILLION OZ OF SILVER FROM THE SLV///INVENTORY RESTS AT 372.864 MILLION OZ//
NOV 26//WITH SILVER UP 14 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY REST AT 374.732 MILLION OZ/
NOV 25/WITH SILVER DOWN 12 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV///INVENTORY RESTS AT 374.732 MILLION OZ//
NOV 22/WITH SILVER DOWN 3 CENTS TO DAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 374.732 MILLION OZ
NOV 21/ WITH SILVER DOWN 5 CENTS TODAY/a big CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 84,000 OZ/INVENTORY RESTS AT 374.732 MILLION OZ//
NOV 20/WITH SILVER UP 0 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 375.574 MILLION OZ//
NOV 19/WITH SILVER UP 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 375.574 MILLION OZ//
DEC 24: SLV INVENTORY
363.830 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
YOUR DATA.....
6 Month MM GOFO 1.96/ and libor 6 month duration 1.92
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: - .04
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12 Month MM GOFO+ 1.94%
LIBOR FOR 12 MONTH DURATION: 2.00
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE - 0.06
end