Harvey Organ: We've Had No Real Long Silver Liquidation Since PHYSICAL Demand Remains Strong

By Harvey Organ / December 05, 2017 / www.silverdoctors.com / Article Link

"This process has just begun in earnest in silver since September..."

by Harvey Organ of Harvey Organ Blog

DEC 4/GOLD DOWN $4.50 BUT SILVER HOLDS, DOWN ONLY 1 CENT/HUGE NUMBER OF GOLD EFP TRANSFERS: 15,773 CONTRACTS OR 1,577,300 OZ (49 TONNES)/ SILVER SEES AN EFP TRANSFER OF 2881 CONTRACTS OR 14.4 MILLION OZ/HUGE DEPOSIT OF 8.56 TONNES INTO THE GLD/BITCOIN RISES TO ALMOST $11,500 PER COIN/LARGEST EVER MILITARY DRILL OVER THE KOREAN PENINSULA/FRIDAY NIGHT ISRAEL STRIKES JUST OUTSIDE OF DAMASCUS/USA SENATE PASSES ITS VERSION OF THE TAX REFORM BILL/NOW THE TWO HOUSES MUST MERGE INTO ONE BILL/

GOLD: $1275.00 DOWN $4.50

Silver: $16.34 DOWN 1 cents

Closing access prices:

Gold $1276.20

silver: $16.33

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1279.84 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1274.30

PREMIUM FIRST FIX: $5.54

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SECOND SHANGHAI GOLD FIX: $1279.84

NY GOLD PRICE AT THE EXACT SAME TIME: $1274.30

Premium of Shanghai 2nd fix/NY:$7.69

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LONDON FIRST GOLD FIX: 5:30 am est $1279.10

NY PRICING AT THE EXACT SAME TIME: $1274.85????

LONDON SECOND GOLD FIX 10 AM: $1273.45

NY PRICING AT THE EXACT SAME TIME. 1275.20???

For comex gold:

DECEMBER/

NUMBER OF NOTICES FILED TODAY FOR DECBER CONTRACT: 76 NOTICE(S) FOR 7600 OZ.

TOTAL NOTICES SO FAR: 3012 FOR 301,200 OZ (9.368 TONNES)

For silver:

DECEMBER

213 NOTICE(S) FILED TODAY FOR

1,065,000 OZ/

Total number of notices filed so far this month: 4605 for 23,025,000 oz

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Bitcoin: BID $11,238/OFFER $11,289, up $483 (morning)

BITCOIN : BID $11,501 OFFER: $11,558 // UP $747 (CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY ROSE BY A HUGE 3174 contracts from 187,033 RISING TO 191,302 DESPITE FRIDAY'S CONTINUAL DRUBBING OF SILVER WHICH SAW OUR METAL FALL ANOTHER 8 CENTS AND NOW WELL BELOW THE HUGE $17.25 SILVER RESISTANCE. WE HAD SURPRISINGLY NO REAL COMEX LIQUIDATION AS WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER LARGE NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE : 2881 EFP'S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 2881 CONTRACTS. I GUESS 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. FRIDAY WITNESSED 5387 EFP'S FOR SILVER ISSUED.

ACCUMULATION FOR EFP'S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF DECEMBER: 8268 CONTRACTS

RESULT: A HUGE SIZED RISE IN OI COMEX DESPITE THE CONTINUAL DRUBBING IN SILVER PRICE: FRIDAY IT FELL BY ANOTHER 8 CENTS. HOWEVER WE HAD ALL OF OUR COMEX LONGS WHICH EXITED OUT OF THE SILVER COMEX TRANSFERRED THEIR OI TO LONDON THROUGH THE EFP ROUTE: FROM THE CME DATA 2881 EFP'S WERE ISSUED TODAY FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. IN ESSENCE THE DEMAND FOR SILVER PHYSICAL INTENSIFIES GREATLY. WE REALLY GAINED 6055 OI CONTRACTS i.e. 2881 open interest contracts headed for London (EFP's) TOGETHER WITH A INCREASE OF 3,174 OI COMEX CONTRACTS. AND ALL OF THIS INCREASED DEMAND (INCREASE IN OPEN INTEREST) HAPPENED WITH THE FALL IN PRICE OF SILVER BY ANOTHER 8 CENTS ON FRIDAY CLOSING AT A LOW PRICE OF $16.35

In ounces AT THE COMEX, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.956 BILLION TO BE EXACT or 137% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 213 NOTICE(S) FOR 1,065,000 OZ OF SILVER

In gold, the open interest FELL BY A LARGE 10,652 CONTRACTS DOWN TO 474,857 DESPITE THE RISE IN PRICE OF GOLD ON FRIDAY ($5.65). HOWEVER, THE TOTAL NUMBER OF GOLD EFP'S ISSUED FOR MONDAY TOTALED ANOTHER 15,773 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 15,773 CONTRACTS. The new OI for the gold complex rests at 476,099. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE WITNESS THE HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE AMOUNT OF GOLD OUNCES STANDING FOR DECEMBER. 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 ON TOP OF THAT IT IS TAKING A FURTHER 13 WEEKS TO OBTAIN PHYSICAL FROM THE POINT WHEN FORWARDS BECOME DUE. IN ESSENCE WE HAVE A NET GAIN OF 5121 OI CONTRACTS: 10,652 OI CONTRACTS LOST AT THE COMEX BUT 15,773 OI CONTRACTS NAVIGATED OVER TO LONDON. THE CME HAS BEEN VERY TARDY IN THEIR REPORTING OF EFP ISSUANCE. THEY ARE IMMEDIATELY REMOVING COMEX OPEN INTEREST NUMBERS BUT DELAYING RELEASE OF EFP'S FOR 24 HOURS OR GREATER AS NO DOUBT THEY ARE NEGOTIATING WITH THE LONGS FOR A FIAT BONUS.

FRIDAY, WE HAD 15,472 EFP'S ISSUED.

ACCUMULATION OF EFP'S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE: 31,245 CONTRACTS

Result: A HUGE SIZED DECREASE IN OI WITH THE FAIR SIZED RISE IN PRICE IN GOLD YESTERDAY ($5.65). WE HAD AN LARGE NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 15,773. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE REACHED THE HUGE DELIVERY MONTH OF DECEMBER. 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 15,773 EFP CONTRACTS ISSUED, WE HAD A NET GAIN OPEN INTEREST OF 5121 contracts:

15,773 CONTRACTS MOVE TO LONDON AND 10,652 CONTRACTS REMOVED FROM THE COMEX.

we had: 627 notice(s) filed upon for 62,700 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

Today, A HUGE CHANGE in gold inventory at the GLD/ A MASSIVE DEPOSIT OF 8.56 TONNES. SEEMS OUR CROOKS HAVE RUN OUT OF GOLD TO SEND DOWN TO CHINA.

Inventory rests tonight: 848.11 tonnes.

SLV

TODAY WE HAD NO CHANGES IN SILVER INVENTORY AT THE SLV:

INVENTORY RESTS AT 319.206 MILLION OZ

Let us head over to the comex:

The total gold comex open interest SURPRISINGLY FELL BY AN UNEXPECTED 10,652 CONTRACTS DOWN to an OI level of 474,857 DESPITE THE GOOD SIZED RISE IN THE PRICE OF GOLD ($5.65 GAIN WITH RESPECT TO FRIDAY'S TRADING). IN ACTUAL FACT WE DID NOT HAVE ANY GOLD LIQUIDATION. WE HAD ANOTHER LARGE COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS. THE CME REPORTS THAT 0 EFPS WERE ISSUED FOR DECEMBER AND 15,773 EFP'S WERE ISSUED FOR FEBRUARY FOR A TOTAL OF 15,773 CONTRACTS. THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS. THE CONSTANT BANKER RAIDS CONTINUE AS THEY TRY TO GET OUR "MATHEMATICAL PAPER LONGS" IN GOLD TO LIQUIDATE THEIR POSITIONS AT THE COMEX. SO FAR IT HAS NOT SUCCEEDED (AS THEY MORPH INTO LONDON FORWARDS) AND THUS THE ABORTED RAID WE WITNESSED ON FRIDAY . THE CME HAS BEEN VERY TARDY IN THEIR REPORTING OF EFP'S CONTRACTS AFTER A COMEX OI MORPHS INTO AN EFP WHICH WAS THE REASON FOR MY 2ND LETTER TO THE CFTC.

ON A NET BASIS IN OPEN INTEREST WE GAINED TODAY: 5121 OI CONTRACTS IN THAT 15,773 LONGS WERE TRANSFERRED AS LONGS TO LONDON AS A FORWARD AND WE LOST 10,652 COMEX CONTRACTS. NET GAIN: 5121 contracts.

Result: a LARGER THAN EXPECTED DECREASE IN COMEX OPEN INTEREST DESPITE THE GAIN IN THE PRICE OF GOLD ON FRIDAY ($5.65.) WE HAD NO REAL GOLD LIQUIDATION. TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 5121 OI CONTRACTS...

We have now entered the active contract month of DECEMBER. The open interest for the front month of December saw it's open interest decline by 976 contracts down to 7372. We had 627 notices filed upon yesterday so we lost 349 COMEX contracts or an additional 34,900 oz will not stand for delivery in this active delivery month of December but they did migrate over to London as a forward for February...the reason for the move is that there is not any gold for them at the comex.

January saw its open interest GAIN OF 27 contracts UP to 2120. FEBRUARY saw a loss of 10,736 contacts down to 366,359. (VERY STRANGE WHY SO MANY LEFT THE FEB COMEX CONTRACT MONTH AND IT WAS THESE GUYS WHO AGAIN MORPHED INTO THE LONDON FORWARDS)

We had 76 notice(s) filed upon today for 7600 oz

PRELIMINARY VOLUME TODAY ESTIMATED; 142,288

FINAL NUMBERS CONFIRMED FOR FRIDAY: 451,964

comex gold volumes are increasing dramatically

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxAnd now for the wild silver comex results.

Total silver OI SURPRISINGLY ROSE BY A LARGE 3,174 CONTRACTS FROM 187,033 UP TO 190,207 DESPITE FRIDAY'S 8 CENT LOSS IN PRICE (AND CONTINUAL RAIDING OF OUR PRECIOUS METALS). HOWEVER WE DID HAVE ANOTHER STRONG 2881 EMERGENCY EFP'S FOR MARCH ISSUED BY OUR BANKERS (ZERO FOR DECEMBER) TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.THE TOTAL EFP'S ISSUED: 2881. IT SURE LOOKS LIKE THE SILVER BOYS HAVE STARTED TO MIGRATE TO LONDON FROM THE START OF DELIVERY MONTH AND CONTINUING RIGHT THROUGH UNTIL FIRST DAY NOTICE JUST LIKE WE ARE WITNESSING TODAY. USUALLY WE NOTED THAT CONTRACTION IN OI OCCURRED ONLY DURING THE LAST WEEK OF AN UPCOMING ACTIVE DELIVERY MONTH. THIS PROCESS HAS JUST BEGUN IN EARNEST IN SILVER STARTING IN SEPTEMBER. HOWEVER, IN GOLD, WE HAVE BEEN WITNESSING THIS FOR THE PAST 2 YEARS. WITHOUT A DOUBT WE HAD NO REAL LONG SILVER LIQUIDATION AS DEMAND FOR PHYSICAL SILVER REMAINS STRONG ESPECIALLY AS WE WITNESS A HUGE AMOUNT OF SILVER OUNCES STANDING FOR METAL IN DECEMBER AS WELL AS THAT MASSIVE MIGRATION OF EFPS OVER TO LONDON. IT SEEMS THAT ALL OF OUR LOST SILVER COMEX OI CONTRACTS HAVE MIGRATED OVER TO THE PHYSICAL HUB OF OUR PRECIOUS METALS, LONDON. ON A NET BASIS WE GAINED 6055 OPEN INTEREST CONTRACTS:

3174 CONTRACTS GAINED AT THE COMEX WITH THE ADDITION OF 2881 OI CONTRACTS NAVIGATING OVER TO LONDON.

We are now in the big active delivery month of December and here the OI fell by 281 contracts down to 1837. We had 398 notices filed upon yesterday so we GAINED 117 contracts or an additional 585,000 oz will stand in this active delivery month of December. AGAIN QUEUE JUMPING IS THE NORM IN SILVER SOMETHING THAT WE HAVE BEEN WITNESSING FROM MAY 2017 ONWARD.

The January contract month fell by 178 contracts down to 1217. February saw a drop of one OI contract down to 22. The March contract gained 3182 contracts up to 151,412.

We had 213 notice(s) filed initially for 1,065,000 oz for the DECEMBER. 2017 contract

INITIAL standings for DECEMBER

Dec 4/2017.

Today we HAD 1 kilobar trans

WE HAD nil DEALER DEPOSIT:total dealer deposits: nil oz

We had nil dealer withdrawals:total dealer withdrawals: nil oz

we had 1 customer deposit(s):

i) Into Scotia: 1,162.765 oz

total customer deposits 1162.765 oz

We had 1 customer withdrawal(s)

i) Out of Scotia: 8037.500 oz (25 kilobars)

Total customer withdrawals: 8037.500 oz

we had 0 adjustment(s)

*December is the biggest delivery month of the year for gold and the fact that no gold has entered the vaults these past three trading days speaks volumes that there is no appreciable gold at the comex to deliver upon our longs and thus the reason for the migration to London

For DECEMBER: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 76 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 43 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the INITIAL total number of gold ounces standing for the DECEMBER. contract month, we take the total number of notices filed so far for the month (3012) x 100 oz or 301,200 oz, to which we add the difference between the open interest for the front month of DEC. (7372 contracts) minus the number of notices served upon today (76 x 100 oz per contract) equals 1,030,800 oz, the number of ounces standing in this active month of DECEMBER

Thus the INITIAL standings for gold for the DECEMBER contract month:

No of notices served (3012) x 100 oz or ounces + {(7372)OI for the front month minus the number of notices served upon today (76) x 100 oz which equals 1,030,800 oz standing in this active delivery month of DECEMBER (32.06 tonnes). INTERESTINGLY THERE IS ONLY 28 TONNES OF REGISTERED GOLD AVAILABLE FOR DELIVERY SO FAR.

WE LOST 349 COMEX CONTRACTS STANDING OR 34900 OZ BUT THESE CONTRACTS MORPHED INTO A FEB LONDON FORWARD.

.

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ON FIRST DAY NOTICE FOR DECEMBER, THE INITIAL GOLD STANDING: 39.038 TONNES STANDING

BY THE END OF THE MONTH: FINAL: 29.791 TONNES STOOD FOR COMEX DELIVERY AS THE REMAINDER HAD TRANSFERRED OVER TO LONDON FORWARDS.

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Total dealer inventory 922,639.946 or 28.69 tonnes (dealer gold continues to disappear)Total gold inventory (dealer and customer) = 8,906,485.958 or 277.02 tonnes

I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process and are being used in the raiding of gold!The gold comex is an absolute fraud. The use of kilobars and exact weights makes the data totally absurd and fraudulent! To me, the only thing that makes sense is the fact that "kilobars: are entries of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction. This would be similar to the rehypothecated gold used by Jon Corzine at MF Global.

IN THE LAST 14 MONTHS 77 NET TONNES HAS LEFT THE COMEX.

end

And now for silver

AND NOW THE DECEMBER DELIVERY MONTH

DECEMBER INITIAL standings

today, we had 0 deposit(s) into the dealer account:

total dealer deposit: nil oz

we had nil dealer withdrawals:total dealer withdrawals: nil oz

we had 1 customer withdrawal(s):

ii) Out of Delaware: 14,655.784 oz

TOTAL CUSTOMER WITHDRAWAL 14,655.784 oz

We had 2 Customer deposit(s):

i) Into Brinks: 793,606.520 oz

ii) Into HSBC: 1,400,338.380 oz

***deposits into JPMorgan have stopped againIn the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.why is JPMorgan bringing in so much silver??? why is this not criminal in that they are also the massive short in silver

total customer deposits: 2,193,944.900 oz

we had 2 adjustment(s)

i) Out of CNT:

850,758.53 oz was adjusted out of the customer and this landed into the dealer account of CNT

ii) Out of HSBC: 55,699.758 oz leaves the dealer account of HSBC and arrives at the customer account of the same bank

The total number of notices filed today for the DECEMBER. contract month is represented by 213 contract(s) FOR 1,065,000 oz. To calculate the number of silver ounces that will stand for delivery in DECEMBER., we take the total number of notices filed for the month so far at 4605 x 5,000 oz = 23,025,0000 oz to which we add the difference between the open interest for the front month of DEC. (1837) and the number of notices served upon today (76 x 5000 oz) equals the number of ounces standing.

.

Thus the INITIAL standings for silver for the DECEMBER contract month: 4605 (notices served so far)x 5000 oz + OI for front month of DECEMBER(1837) -number of notices served upon today (76)x 5000 oz equals 31,145,000 oz of silver standing for the DECEMBER contract month. This is EXCELLENT for this active delivery month of November.

WE GAINED AN ADDITIONAL 117 CONTRACTS OR 585,000 OZ WILL STAND AT THE COMEX

ON FIRST DAY NOTICE FOR THE DECEMBER 2016 CONTRACT WE HAD 15.282 MILLION OZ STAND.

THE FINAL STANDING: 19.900 MILLION OZ AS QUEUE JUMPING INTENSIFIED.

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ESTIMATED VOLUME FOR TODAY: 34,276CONFIRMED VOLUME FOR YESTERDAY: 104,039 CONTRACTS

YESTERDAY'S CONFIRMED VOLUME OF 104,039 CONTRACTS EQUATES TO 520 MILLION OZ OR 74.2% 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.

Total dealer silver: 56.758 millionTotal number of dealer and customer silver: 239.261 million oz

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 and Central Fund of Canada

1. Central Fund of Canada: traded at Negative 1.7 percent to NAV usa funds and Negative 1.7% to NAV for Cdn funds!!!!Percentage of fund in gold 63.1%Percentage of fund in silver:36.6%cash .+.3%( Dec 4/2017)

WILL UPDATE SPROTT DATA LATER TONIGHT

2. Sprott silver fund (PSLV): NAV FALLS TO -0.47% (Dec 4 /2017)3. Sprott gold fund (PHYS): premium to NAV RISES TO -0.40% to NAV (Dec 4/2017 )Note: Sprott silver trust back into NEGATIVE territory at -0.47%-/Sprott physical gold trust is back into NEGATIVE/ territory at -0.40%/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)

END

And now the Gold inventory at the GLD

Dec 4/A MASSIVE DEPOSIT OF 8.56 TONNES OF GOLD INTO THE GLD/THE BLEEDING OF GLD GOLD HAS STOPPED/INVENTORY RESTS TONIGHT AT 848.11 TONNES

Dec 1/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 839.55 TONNES

Nov 30/no change in gold inventory at the GLD. Inventory rests at 839.55 tonnes

Nov 29/a withdrawal of 2.66 tonnes at the GLD/Inventory rests at 839.55 tonnes

NOV 28/ no change in gold inventory at the GLD/inventory rests at 842.21 tonnes

Nov 27 Strange!! we gold up by $6.40 today, we had a good sized withdrawal of 1.18 tonnes from the GLD. Here is something that is also strange: we have had exactly 1.18 tonnes of gold withdrawn from the comex on 5 separate occasions in the past 30 days..explanation?

Nov 24/no change in gold inventory at the GLD/Inventory rests at 843.09 tonnes

Nov 22/no change in gold inventory at the GLD/Inventory rests at 843.39 tonnes

Nov 21/no change in gold inventory at the GLD/inventory rests at 843.39 tonnes

NOV 20/no change in gold inventory at the GLD/Inventory rests at 843.39 tonnes

Nov 17/no change in gold inventory at the GLD/inventory rests at 843.39 tonnes

Nov 16./NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 843.39 TONNES

Nov 15./no change in gold inventory at the GLD/inventory rests at 843.09 tonnes

NOV 14/a small deposit of .300 tonnes into the GLD inventory/Inventory rests at 843.39 tonnes

Nov 13/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 843.09 TONNES

Nov 10/no change in gold inventory at the GLD/Inventory rests at 843.09 tonnes

Nov 9/no changes in inventory at the GLD/Inventory rests at 843.09 tonnes

NOV 8/ANOTHER HUGE WITHDRAWAL OF 1.18 TONNES OF GOLD FROM THE GLD DESPITE GOLD'S RISE TODAY. INVENTORY RESTS AT 843.09

Nov 7/a huge withdrawal of 1.48 tonnes of gold from the GLD/Inventory rests at 844.27 tonnes

NOV 6/ a tiny withdrawal of .29 tonnes to pay for fees etc/inventory rests at 845.75 tonnes

Nov 3/no change in gold inventory at the GLD/Inventory rests at 846.04 tonnes

NOV 2/STRANGE!!! WE HAD ANOTHER WITHDRAWAL OF 3.55 TONNES FROM THE GLD DESPITE GOLD'S RISE OF $6.60 YESTERDAY AND $1.55 TODAY/INVENTORY RESTS AT 846.04 TONNES

Nov 1/a withdrawal of 1.18 tonnes of gold from the GLD/Inventory rests at 849.59 tonnes

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxDec 4/2017/ Inventory rests tonight at 848.11 tonnes

*IN LAST 285 TRADING DAYS: 92.84 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 220 TRADING DAYS: A NET 64.44 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.*FROM FEB 1/2017: A NET 33.33 TONNES HAVE BEEN ADDED.

end

Now the SLV Inventory

Dec 4/NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 319.207 MILLION OZ/

Dec 1/VERY STRANGE!! WITH SILVER IN THE DUMPSTER THESE PAST FEW DAYS, SLV ADDS 2.076MILLION OZ/???

INVENTORY 319.207 MILLION OZ/

Nov 30/no changes in silver inventory despite the huge drop in price/inventory rests at 317.130 million oz

Nov 29/no changes in silver inventory at the SLV/Inventory rests at 317.130 million oz/strange!! at drop of 32 cents and no change in inventory?

Nov 28/no change in silver inventory at the SLV/Inventory rests at 317.130 million oz.

Nov 27/NO CHANGE IN SILVER INVENTORY DESPITE A ZERO GAIN IN PRICE /QUITE OPPOSITE TO GOLD WHICH SAW 1.18 TONNES OF GOLD WITHDRAWN DESPITE A RISE IN PRICE OF $6.40

Nov 24/A WITHDRAWAL OF 944,000 OZ OF SILVER FROM THE SLV//INVENTORY RESTS AT 317.130 MILLION OZ

Nov 22/no change in silver inventory at the SLV/Inventory rests at 318.074 million oz.

Nov 21/no change in silver inventory at the SLV/inventory rests at 318.074 million oz/

NOV 20/no change in silver inventory at the SLV/inventory rests at 318.074 million oz

Nov 17/no change in silver inventory at the SLV/inventory rests at 318.074 million oz/

Nov 16./NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.074 MILLION OZ/

Nov 15./no change in silver inventory at the SLV/inventory rests at 318.074 tones

NOV 14/no change in silver inventory at the SLV/Inventory rests at 318.074 tonnes

Nov 13/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.074 MILLION OZ

Nov 10/no change in silver inventory at the SLV/Inventory rests at 318.074 million oz/

Nov 9/no change in silver inventory at the SLV/inventory rests at 318.074 million oz.

NOV 8/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 318.074 MILLION OZ

Nov 7/a huge withdrawal of 944,000 oz from the SLV/inventory rests at 318.074 million oz/

NOV 6/no change in silver inventory at the SLV/Inventory rests at 319.018 million oz/

Nov 3/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS TONIGHT AT 319.018 MILLION OZ.

NOV 2/A TINY LOSS OF 137,000 OZ BUT THAT WAS TO PAY FOR FEES LIKE INSURANCE AND STORAGE/INVENTORY RESTS AT 319.018 MILLION OZ/

Nov 1/STRANGE! WITH SILVER'S HUGE 48 CENT GAIN WE HAD NO GAIN IN INVENTORY AT THE SLV/INVENTORY RESTS AT 319.155 MILLION OZ/

Dec 4/2017:

Inventory 319.207 million oz

end

6 Month MM GOFOIndicative gold forward offer rate for a 6 month duration

+ 1.50%12 Month MM GOFO+ 1.80%30 day trend

end

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