Harvey Organ: Yesterday's Silver Trading Volume Equaled 47.5% Of Annual Global Production
Not only was yesterday's volume almost half of annual production, but we're continuing to see attacks on the COMEX for physical silver. Harvey explains...
by Harvey Organ of Harvey Organ Blog
MAY 1//GOLD DOWN $1.20 TO $1282.80 AT COMEX CLOSE//SILVER DOWN 23 CENTS//IN ACCESS MARKET: GOLD DOWN TO $1276//SILVER DOWN TO $14.67//FOMC: DANGEROUS: THE FEDS' LOWER IOER AS COLLATERAL AROUND THE WORLD DISAPPEARS//CHINA HAS A HUGE PHARMACEUTICAL PROBLEM WITH A MAJOR REPORTING ON A MONSTROUS 4.4 BILLION USA ACCOUNTING ERROR//RIOTING ON THE STREETS OF VENEZUELA AND IN FRANCE//MORE SWAMP STORIES FOR YOU TONIGHT//BILL BARR DESTROYS THE DEMOCRATS IN HIS APPEARANCE BEFORE CONGRESS//
GOLD: $1282.80 DOWN $1.20 (COMEX TO COMEX CLOSING)
Silver: $14.74 DOWN 23 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : $1276.00
silver: $14.67
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 21/38
EXCHANGE: COMEXCONTRACT: MAY 2019 COMEX 100 GOLD FUTURESSETTLEMENT: 1,282.800000000 USDINTENT DATE: 04/30/2019 DELIVERY DATE: 05/02/2019FIRM ORG FIRM NAME ISSUED STOPPED____________________________________________________________________________________________657 C MORGAN STANLEY 2661 C JP MORGAN 21690 C ABN AMRO 5 2737 C ADVANTAGE 16 7800 C MAREX SPEC 10 8905 C ADM 5____________________________________________________________________________________________
TOTAL: 38 38MONTH TO DATE: 88
NUMBER OF NOTICES FILED TODAY FOR MAY CONTRACT: 38 NOTICE(S) FOR 3800 OZ (0.1181 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 88 NOTICES FOR 8800 OZ (.2737 TONNES)
SILVER
FOR MAY
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1294 NOTICE(S) FILED TODAY FOR 6.470,000 OZ/
total number of notices filed so far this month: 2153 for 10,765,000oz
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Bitcoin: OPENING MORNING TRADE :$5355 UP $33
Bitcoin: FINAL EVENING TRADE: $5294 UP 56
end
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Let us have a look at the data for today
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IN SILVER THE COMEX OI FELL BY A SMALL SIZED 676 CONTRACTS FROM 197,286 DOWN TO 196,610 DESPITE YESTERDAY'S 5 CENT RISE IN SILVER PRICING AT THE COMEX. ,LIQUIDATION OF THE SPREADERS HAVE STOPPED NOW THAT WE HAVE FINISHED WITH FIRST DAY NOTICE. TODAY WE ARRIVED FURTHER FROM 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 AVERY WEAK SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDONTHROUGH THE EFP:
0 FOR MAY, 0 FOR JUNE, 862 FOR JULY AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 862 CONTRACTS. WITH THE TRANSFER OF 862 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 862 EFP CONTRACTS TRANSLATES INTO 4.31 MILLION OZ ACCOMPANYING:
1.THE 5 CENT RISE IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST NINE 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.
AND NOW 16.810 MILLION OZ STANDING FOR SILVER IN MAY.
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF MAY:
862 CONTRACTS (FOR 1 TRADING DAYS TOTAL 862 CONTRACTS) OR 4,31 MILLION OZ: (AVERAGE PER DAY: 862 CONTRACTS OR 4.310 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF MAY: 4.310 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 0.615% 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: 755.56 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.
RESULT: WE HAD A TINY SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 676 DESPITE THE 5 CENT RISE IN SILVER PRICING AT THE COMEX /YESTERDAY... THE CME NOTIFIED US THAT WE HAD A TINY SIZED EFP ISSUANCE OF 862 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) . OUR BANKERS RESUMED THEIR LIQUIDATION OF THE SPREAD TRADES TODAY.
TODAY WE GAINED A TINY SIZED: 186 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 862 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH DECREASE OF 676 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 5 CENT RISE IN PRICE OF SILVER AND A CLOSING PRICE OF $14.97 WITH RESPECT TO YESTERDAY'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 UNDER 1 BILLION oz i.e. 0.986 BILLION OZ TO BE EXACT or 141% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH/ THEY FILED AT THE COMEX: 1294 NOTICE(S) FOR 6,470,000 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. , 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/ AND NOW MAY: 16,810,000 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 CONSIDERABLE SIZED 2422 CONTRACTS, TO 430,011 WITHTHE RISE IN THE COMEX GOLD PRICE/(AN INCREASE IN PRICE OF $4.30//YESTERDAY'S TRADING).
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 3072 CONTRACTS:
APRIL 0 CONTRACTS,JUNE: 3072 CONTRACTS DECEMBER: 0 CONTRACTS, JUNE 2020 0 CONTRACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 430,011. 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 GOOD SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5495 CONTRACTS: 2422 OI CONTRACTS INCREASED AT THE COMEX AND 3073 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN OF 5495 CONTRACTS OR 549,400 OZ OR 17.09 TONNES. YESTERDAY WE HAD A GAIN IN THE PRICE OF GOLD TO THE TUNE OF $4.30....AND WITH THAT RISE, WE HAD A STRONG GAIN IN TONNAGE OF 17.09 TONNES!!!!!!.??????????????????????????????????????????
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MAY : 3073 CONTRACTS OR 307,300 OR 9.558 TONNES (1 TRADING DAYS AND THUS AVERAGING: 3073 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 1 TRADING DAYS IN TONNES: 9.558 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 9.558/3550 x 100% TONNES =0.269% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***
ACCUMULATION OF GOLD EFP'S YEAR 2019 TO DATE: 1838,38 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
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP'S ARE BEING TRANSFERRED TO WHAT ARE CALLEDRIAL 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 CONSIDERABLE SIZED INCREASE IN OI AT THE COMEX OF 2422 WITH THE RISE IN PRICING ($4.30) THAT GOLD UNDERTOOK YESTERDAY) //.WE ALSO HAD A CONSIDERABLE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 3073 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 3073 EFP CONTRACTS ISSUED, WE HAD A STRONG GAIN OF 5495 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
3073 CONTRACTS MOVE TO LONDON AND 2422 CONTRACTS INCREASED AT THE COMEX. (IN TONNES, THE GAIN IN TOTAL OI EQUATES TO 17.09 TONNES). ..AND THIS STRONG DEMAND OCCURRED WITH A RISE IN PRICE OF $4.30 IN YESTERDAY'S TRADING AT THE COMEX.
we had: 38 notice(s) filed upon for 3800 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 DOWN $1.20 TODAY
NO CHANGE IN GOLD INVENTORY AT THE GLD
INVENTORY RESTS AT 746.69 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 DOWN 23 CENTS TODAY:
NO CHANGE IN SILVER INVENTORY AT THE SLV//
/INVENTORY RESTS AT 311.979 MILLION OZ.
Let us head over to the comex:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A CONSIDERABLE SIZED 2422 CONTRACTS.TO A LEVEL OF 430,011 WITH THE GAIN IN THE PRICE OF GOLD ($4.30) IN YESTERDAY'S // COMEX TRADING)
WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF MAY.. THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 3073 EFP CONTRACTS WERE ISSUED:
0 FOR JUNE '19: 3073 CONTRACTS , DEC; 0 CONTRACTS: 0 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 3073 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:5495 TOTAL CONTRACTS IN THAT 3073 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A CONSIDERABLE SIZED 2422 COMEX CONTRACTS.
NET GAIN ON THE TWO EXCHANGES : 5495 contracts OR 549,500 OZ OR 17.09 TONNES.
We are now in the NON active contract month of MAY and here the open interest stands at 188 contracts, having LOST 36 contracts. We had 50 notices served yesterday so we gained 14 contracts or an additional 1400 oz will stand as they guys refused to morph into a London based forward as well as negating a fiat bonus
The next contract month after May is June and here the open interest rose by 10 contracts up to 297,348. After June the next active month is August and here the OI rose by 1217 contracts up to 62,102 contracts.
TODAY'S NOTICES FILED:
WE HAD 38 NOTICES FILED TODAY AT THE COMEX FOR 3800 OZ. (0.1181 TONNES)
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And now for the wild silver comex results.
Total COMEX silver OI FELL BY A SMALL SIZED 676 CONTRACTS FROM 197,286 DOWN TO 196,610(AND FURTHER FROM 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 SMALL OI COMEX LOSS OCCURRED WITH A 5 CENT RISE IN PRICING.//YESTERDAY.
WE ARE NOW INTO THE ACTIVE DELIVERY MONTH OF MAY. HERE WE HAVE 2243 OPEN INTEREST STAND SO FAR FOR A LOSS OF 1119 CONTRACTS. WE HAD 859 NOTICES SERVED UPON TODAY SO IN ESSENCE WE LOST 260 CONTRACTS OR AN ADDITIONAL 1,300,000 OZ WILL NOT STAND FOR DELIVERY AS THESE GUYS MORPHED INTO LONDON BASED FORWARDS AND AS WELL THEY ACCEPTING A FIAT BONUS. SILVER MUST BE SCARCE AT THE COMEX AS WELL.
THE NEXT MONTH AFTER MAY IS THE NON ACTIVE MONTH OF JUNE. HERE THIS MONTH LOST 67 CONTRACTS DOWN TO 621. AFTER JUNE IS THE ACTIVE MONTH OF JULY, (THE SECOND LARGEST DELIVERY MONTH OF THE YEAR FOR SILVER) AND HERE THIS MONTH LOST 130 CONTRACTS UP TO 148,543 CONTRACTS.
TODAY'S NUMBER OF NOTICES FILED:
We, today, had 1294 notice(s) filed for 6,,470.000 OZ for the MARCH, 2019 COMEX contract for silver
Trading Volumes on the COMEX TODAY: 234,508 CONTRACTS
CONFIRMED COMEX VOL. FOR YESTERDAY: 218,228 contracts
INITIAL standings for MAY/GOLD
MAY 1 /2019.
we had 0 dealer entries:
total dealer deposits: nil oz
total dealer withdrawals: nil oz
We had 0 kilobar entries
we had 0 deposit into the customer account
i) Into JPMorgan: nil oz
ii) Into everybody else: zero oz
total gold deposits: nil oz
very little gold arrives from outside/ again zero amount arrived today
we had 0 gold withdrawals from the customer account:
(maybe investors are taking our advice by not storing their gold at the comex.)
this will hurt our bankers as they need to replace leased gold as all gold stored at the gold comex is unallocated.
Gold withdrawals;
i) zero withdrawals.
total gold withdrawals; nil
we had 2 adjustments... and they are indicative of a deliveryi) Out of JPMorgan: 40,620.560 oz was adjusted out of the dealer account and this landed into the customer account of jPMorganii) Out of Scotia: 10,937.225 oz was adjusted out of the dealer account of Scotia and this landed into the customer account of Scotia
FOR THE MAY 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 38 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 21 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account and 0 notices by the squid (Goldman Sachs)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the INITIAL total number of gold ounces standing for the MAY /2019. contract month, we take the total number of notices filed so far for the month (88) x 100 oz , to which we add the difference between the open interest for the front month of MAY. (188 contract) minus the number of notices served upon today (38 x 100 oz per contract) equals 23,800 OZ OR 0.7402 TONNES) the number of ounces standing in this NON active month of MAY
Thus the INITIAL standings for gold for the MAY/2019 contract month:
No of notices served (88 x 100 oz) + (224)OI for the front month minus the number of notices served upon today (38 x 100 oz )which equals 23,800 oz standing OR 0.7402 TONNES in this NON active delivery month of MAY.
We gained 14 contracts or an additional 1400 oz will stand for delivery as they refused to morph into a London based forwards.
SURPRISINGLY LITTLE GOLD HAS BEEN ENTERING THE COMEX VAULTS AND WE HAVE WITNESSED THIS FOR THE PAST YEAR!! WE HAVE ONLY 7.254 TONNES OF REGISTERED ( GOLD OFFERED FOR SALE) VS 0.7402 TONNES OF GOLD STANDING// THEY SEEM TO BE USING CONSIDERABLE GOLD VAPOUR TO SETTLE UPON UNSUSPECTING LONGS.
total registered or dealer gold: 233,228,928 oz or 7.254 tonnestotal registered and eligible (customer) gold; 7,782,015.791 oz 242.05 tonnes
FOR COMPARISON FIRST DAY NOTICE FOR APRIL 2018 AND FINAL STANDING APRIL 30 2018
AT FIRST DAY NOTICE MAY 1 2018: WE HAD 1.284 TONNES OF GOLD STAND. BY MONTH'S END: 2.27TONNES AS WE HAD ONE QUEUE JUMPING IN THE MIDDLE OF THE MONTH.
IN THE LAST 31 MONTHS 113 NET TONNES HAS LEFT THE COMEX.
THE GOLD COMEX IS NOW IN STRESS AS1. GOLD IS LEAVING THE COMEX2. GOLD IS LEAVING THE REGISTERED CATEGORY OF THE COMEX.
end
And now for silver
AND NOW THE DELIVERY MONTH OF APRIL
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 1 deposits into the customer account
into JPMorgan: nil
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 149.469 million oz of total silver inventory or 48.80% of all official comex silver. (149 million/305 million)
into CNT:: 422,213.900 oz
total customer deposits today: 422,213.900 oz
we had 2 withdrawals out of the customer account:
i) Out of CNT: 27,941.400 oz
ii) Out of Delaware: 11,807.34 oz
total withdrawals: 39,748.811. oz
we had 1 adjustment and it was a dilly:
out of CNT: 2,242,088.905 oz was adjusted out of the customer account and this landed into the dealer account and this silver will go somewhere.
i) Out of CNT
496,193.120 oz was adjusted out of the customer account and this landed into the dealer account of CNT..
total dealer silver: 94.286 million
total dealer + customer silver: 307.132 million oz
The total number of notices filed today for the MAY 2019. contract month is represented by 1294 contract(s) FOR 6,470,000 oz
To calculate the number of silver ounces that will stand for delivery in MAY, we take the total number of notices filed for the month so far at 2153x 5,000 oz = 10,765,000 oz to which we add the difference between the open interest for the front month of MAY. (2244) and the number of notices served upon today (1294 x 5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the MAY/2019 contract month: 2153(notices served so far)x 5000 oz + OI for front month of MAY( 2243) -number of notices served upon today (1294)x 5000 oz equals 15,510,000 oz of silver standing for the MAY contract month.
We lost 260 contracts or an additional 1,300,000 oz will not stand as these guys morphed into London based forwards as well as accepting a fiat bonus for their efforts.
FOR COMPARISON VS LAST YEAR:
ON FIRST DAY NOTICE APRIL 30/2018 (FOR THE MAY 2018 CONTRACT MONTH) WE HAD 24.11 MILLION OZ STAND FOR DELIVERY. BY MONTH END WE HAD HUGE QUEUE JUMPING AND THUS 36.285MILLION OZ EVENTUALLY STOOD FOR DELIVERY.
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TODAY'S ESTIMATED SILVER VOLUME: 72,183 CONTRACTS (
CONFIRMED VOLUME FOR YESTERDAY: 66,587 CONTRACTS..
..
YESTERDAY'S CONFIRMED VOLUME OF 65,587 CONTRACTS EQUATES to 332 million OZ 47.5% 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
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NPV for Sprott
1. Sprott silver fund (PSLV): NAV FALLS TO -4.19% (MAY 1/2019)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -2.19% to NAV (MAY 1/2019 )Note: Sprott silver trust back into NEGATIVE territory at -4.19%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 12.74 TRADING 12.16/DISCOUNT 4.57
END
And now the Gold inventory at the GLD/
MAY 1/WITH GOLD DOWN $1.20 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 746.69 TONNES
APRIL 30/WITH GOLD UP $4.30 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 746.69 TONNES//
APRIL 29/WITH GOLD DOWN $7.00: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 746.69 TONNES
APRIL 26/WITH GOLD UP $9.2//ANOTHER BIG CHANGE IN GOLD INVENTORY AT THE GLD; A WITHDRAWAL OF 1.18 TONNES OF GOLD FROM THE GLD.//INVENTORY LOWERS TO 746.69 TONNES TONNES
APRIL 25//WITH GOLD UP $.05 TODAY (BASICALLY FLAT) NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 747.87 TONNES
APRIL 24 WITH GOLD UP $6.00 TODAY// TWO TRANSACTIONS: 1)A HUGE WITHDRAWAL OF 2.05 TONNES FROM THE GLD AND THEN II) ANOTHER WITHDRAWAL OF 1.76 TONNES//INVENTORY RESTS AT 747.87 TONNES
APRIL 23./WITH GOLD DOWN $4.45 TODAY: NO CHANGES AT THE GLD/INVENTORY RESTS AT 751.68 TONNES//
APRIL 22/WITH GOLD UP $1.75//A SMALL WITHDRAWAL OF .59 TONNES OF GOLD FROM THE GLD INVENTORY//INVENTORY RESTS AT 751.68 TONNES
APRIL 18/WITH GOLD DOWN $.45 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT752.27 TONNES
APRIL 17/WITH GOLD DOWN $0.10 TODAY: ANOTHER HUGE WITHDRAWAL OF 1.76 TONNES AT THE GLD WHICH WAS USED IN YESTERDAY'S RAID/INVENTORY RESTS AT 752.27 TONNES
APRIL 16/WITH GOLD DOWN $13.60 TODAY: A HUGE WITHDRAWAL OF 3.82 TONNES AT THE GLD/INVENTORY RESTS AT 754.03
APRIL 15/WITH GOLD DOWN $3.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 757.85 TONNES
APRIL 12/WITH GOLD UP $2.10 TODAY:NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 757..85 TONNES
APRIL 11/WITH GOLD DOWN $19.85 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 757.85 TONNES
APRIL 10/WITH GOLD UP $5.45 AGAIN TODAY, THE CROOKS AGAIN RAIDED THE COOKE JAR BY 2.64 TONNES/INVENTORY RESTS AT 757.85 TONNES
APRIL 9/WITH GOLD UP AGAIN BY $6.40/THE CROOKS RAIDED THE COOKIE JAR AGAIN BY 1.18 TONNES/INVENTORY RESTS AT 760.49 TONNES
APRIL 8/WITH GOLD UP AGAIN BY $6.40: THE CROOKS RAIDED THE COOKIE JAR AGAIN BY .88 TONNES//INVENTORY RESTS TONIGHT AT 761.67 TONNES.
APRIL 5/WITH GOLD UP$1.35: ANOTHER WITHDRAWAL OF 1.74 TONNES OF PHYSICAL GOLD FROM THE GLD INVENTORY: INVENTORY RESTS AT 762.55 TONNES
APRIL 4/WITH GOLD DOWN 90 CENTS TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 764.29 TONNES
APRIL 3:WITH GOLD DOWN 20 CENTS: ANOTHER WHOPPER OF A WITHDRAWAL: 3.81 TONNES FROM THE GLD//INVENTORY RESTS AT 764.29 TONNES
APRIL 2//WOW! WE LOST A WHOPPING 16.16 TONNES OF GOLD WITH A RISE IN PRICE OF $1.80//INVENTORY RESTS AT 768.10
APRIL 1/WITH GOLD DOWN $3.80: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY REMAINS AT 784.26 TONNES
MARCH 29/WITH GOLD UP $2.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 784.26 TONNES
MARCH 28/WITH GOLD DOWN $20.60: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 784.26 TONNES
MARCH 27/SURPRISING! WITH GOLD DOWN AGAIN BY $4.05, THE CROOKS NEEDED TO PUT GOLD BACK INTO THE GLD: THEY ADDED 3.23 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 784.26 TONNES
MARCH 26/WITH GOLD DOWN $7.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 781.03 TONNES
MARCH 25/WITH GOLD UP $9.85: A STRONG 2.94 TONNES DEPOSIT INTO THE GLD/INVENTORY RESTS AT 781.03 TONNES
MARCH 22/WITH GOLD UP $5.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 778.09 TONNES
MARCH 21/WITH GOLD UP $7.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 778.09 TONNES
March 20/WITH GOLD DOWN $5.15 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 778.09 TONNES
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MAY 1/2019/ Inventory rests tonight at 746.69 tonnes
*IN LAST 590 TRADING DAYS: 18.28 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 490 TRADING DAYS: A NET 21.44 TONNES HAVE NOW BEEN LOST INTO THE GLD INVENTORY.
WE MUST BE GETTING CLOSER TO THE BOTTOM OF THE BARREL FOR PHYSICAL GOLD AT THE GLD.
end
Now the SLV Inventory/
MAY 1/WITH SILVER DOWN 23 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ////
APRIL 30/WITH SILVER UP 5 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ/
APRIL 29/ WITH SILVER DOWN 13 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ.
APRIL 26//WITH SILVER UP 12 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ//
APRIL 25/WITH SILVER DOWN 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ///
APRIL 24/WITH SILVER UP 15 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ//
APRIL 23./WITH SILVER DOWN 21 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ///
APRIL 22/WITH SILVER UP 4 CENTS TODAY; NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 311.979 MILLION OZ///
APRIL 18/WITH SILVER FLAT TODAY: A SHOCKING 2.8122 MILLION PAPER OZ WERE ADDED INTO SLV INVENTORY: INVENTORY RESTS AT 311.979 MILLION OZ/
APRIL 17/WITH SILVER UP ONE CENT TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ///
APRIL 16/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ//
APRIL 15: WITH SILVER DOWN ONE CENT TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 750,000 OZ//INVENTORY RESTS AT 309.167 MILLION OZ.
APRIL 12 WITH SILVER UP 11 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.917 MILLION OZ.
APRIL 11/WITH SILVER DOWN 37 CENTS TODAY: A DEPOSIT OF 750,000 OZ INTO THE SLV/INVENTORY RESTS AT 309.917 MILLION OZ//
April 10/WITH SILVER UP 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ.
APRIL 9/WITH SILVER DOWN ONE CENT: NO CHANGES IN SILVER INVENTORY AT THE SLV.INVENTORY RESTS AT 309.167 MILLION OZ///
APRIL 8/WITH SILVER UP 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV.INVENTORY RESTS AT 309.167 MILLION OZ///
APRIL 5/WITH SILVER DOWN 2 CENTS: NO CHANGES IN SILVER INVENTORY: THE CROOKS CANNOT RAID ANY SILVER BECAUSE THERE IS NONE: INVENTORY RETS AT 309.167 MILLION OZ//
APRIL 4/WITH SILVER FLAT TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ/
APRIL 3/WITH SILVER UP TWO CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.167 MILLION OZ/
APRIL 2/ WITH SILVER DOWN ONE CENT TODAY: A SMALL WITHDRAWAL OF 134,000 OZ FROM THE SLV TO PAY FOR FEES/INVENTORY RESTS AT 309.167
APRIL 1/WITH SILVER DOWN ONE CENT TODAY: A SMALL WITHDRAWAL OF 656,000 OZ FROM THE SLV/INVENTORY RESTS AT 309.301 MILLION OZ//
MARCH 29/WITH SILVER UP 12 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.957 MILLION OZ/
MARCH 28/WITH SILVER DOWN 31 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 469,000 OZ INTO THE SLV INVENTORY//INVENTORY RESTS AT 309.957 MILLION OZ/
MARCH 27/WITH SILVER DOWN 12 CENTS; NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.488 MILLION OZ//
MARCH 26/WITH SILVER DOWN 13 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.488 MILLION OZ//
MARCH 25/WITH SILVER UP 15 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 309.488 MILLION OZ////
MARCH 22/WITH SILVER DOWN 7 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.356 MILLION OZ///INVENTORY RESTS AT 309.488 MILLION OZ///
MARCH 21/WITH SILVER UP 15 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 310.848 MILLION OZ/
March 20/WITH SILVER DOWN 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY//INVENTORY RESTS AT 310.848 MILLION OZ//
MAY 1/2019:
Inventory 311.979 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
THE RISE IN LIBOR IS CREATING A SCARCITY OF DOLLARS BECAUSE FOREIGN EXCHANGE SWAPS (COSTS) ARE SIMPLY PROHIBITIVE
YOUR DATA.....
6 Month MM GOFO 2.17/ and libor 6 month duration 2.62
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: + .45/
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12 Month MM GOFO+ 2.46%
LIBOR FOR 12 MONTH DURATION: 2.71
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.25
end