Huge Difference In Spot Versus Futures Spread In Silver, Premiums Up Again
Trading volume on the COMEX, however, remains extremely low...
by Harvey Organ of Harvey Organ Blog
MAY 12//GOLD UP $6.60 TO $1703.60//SILVER UP 5 CENTS TO $15.48//CORONAVIRUS UPDATE//OBAMAGATE REPLACES RUSSIAGATE AS OBAMA IS PLACED AT THE CENTRE OF THE SCANDAL//JIM SINCLAIR AND JOHN KIM..MUST VIEWS FOR TONIGHT//WAR OF WORDS ESCALATING BETWEEN CHINA AND THE USA//MANY SWAMP STORIES FOR YOU TONIGHT//
GOLD:$1703.60 UP $6.60 The quote is London spot price
SILVER:$15.48 UP 5 CENTS (London spot closing price)
Closing access prices: London spot
i)Gold : $1702.65 LONDON SPOT 4:30 pm
ii)SILVER: $15.45//LONDON SPOT 4:30 pm
CLOSING FUTURES PRICES: KEY MONTHS
MAY COMEX GOLD: XXX
JUNE GOLD: $1706.40 CLOSE 1.30 PM// SPREAD SPOT (LONDON) VS/FUTURE JUNE: $2.80.//PREMIUMS WENT UP AGAIN
CLOSING SILVER FUTURE MONTH
SILVER JUNE COMEX CLOSE; $15.80...1:30 PM.//SPREAD SPOT/(LONDON) VS FUTURE JUNE: 32 CENTS PER OZ//PREMIUMS UP AGAIN//HUGE DIFFERENCE
the gold market continues to be broken as future prices are much higher than spot prices. The comex is desperate to fix things but they have no available gold.
If one is to buy gold and or gold coins, the price is around $2800. usa per oz
and silver; $31.00 per oz//
LADIES AND GENTLEMEN: YOU ARE NOW WITNESSING FIRST HAND THE DIFFERENCE BETWEEN PAPER GOLD/SILVER AND THE REAL PHYSICAL STUFF!!
DO NOT PAY ANY ATTENTION TO WHAT THE CROOKS ARE DOING AT THE COMEX AND LONDON LBMA..PHYSICAL IS THE NAME OF THE GAME AND NOTHING ELSE
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
today RECEIVING: 530//1196
issued: 818
EXCHANGE: COMEXCONTRACT: MAY 2020 COMEX 100 GOLD FUTURESSETTLEMENT: 1,695.300000000 USDINTENT DATE: 05/11/2020 DELIVERY DATE: 05/13/2020FIRM ORG FIRM NAME ISSUED STOPPED____________________________________________________________________________________________072 C GOLDMAN 18118 H MACQUARIE FUT 196132 C SG AMERICAS 34152 C DORMAN TRADING 4323 H HSBC 34355 C CREDIT SUISSE 32435 H SCOTIA CAPITAL 68624 C BOFA SECURITIES 27657 C MORGAN STANLEY 8 81657 H MORGAN STANLEY 225661 C JP MORGAN 818 530685 C RJ OBRIEN 4686 C INTL FCSTONE 25690 C ABN AMRO 72 78732 C RBC CAP MARKETS 13737 C ADVANTAGE 4 50800 C MAREX SPEC 1 15880 C CITIGROUP 1905 C ADM 54____________________________________________________________________________________________
TOTAL: 1,196 1,196MONTH TO DATE: 7,477
NUMBER OF NOTICES FILED TODAY FOR MAY CONTRACT: 1196 NOTICE(S) FOR 119,600 OZ (3.7200 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 7477 NOTICES FOR 747700 OZ (23.257 TONNES)
SILVER
FOR MAY
0 NOTICE(S) FILED TODAY FOR nil OZ/
total number of notices filed so far this month: 8569 for 42,845,000 oz
BITCOIN MORNING QUOTE $8739 UP 176
BITCOIN AFTERNOON QUOTE.: $8841 UP 258
GLD AND SLV INVENTORIES:
WITH GOLD UP $6.60: AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE "PHYSICAL"?
A SMALL CHANGE IN GOLD INVENTORY// A WITHDRAWAL OF .58 TONNES FROM THE GLD TO PAY FOR FEES
GLD: 1,081.07 TONNES OF GOLD//
WITH SILVER UP 5 CENTS TODAY: AND WITH NO SILVER AROUND
A HUGE CHANGE IN SILVER INVENTORY AT THE SLV// A MASSIVE DEPOSIT OF 3.076 MILLION OZ INTO THE SLV//
RESTING SLV INVENTORY TONIGHT:
SLV: 420.861 MILLION OZ./
XXXXXXXXXXXXXXXXXXXXXXXXX
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
IN SILVER THE COMEX OI FELL BY A STRONG SIZED 2912 CONTRACTS FROM 137,969 DOWN TO 135,057 AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE HUGE SIZED LOSS IN OI OCCURRED WITH OUR 5 CENT LOSS IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS DUE TO STRONG BANKER SHORT COVERING PLUS A SMALL EXCHANGE FOR PHYSICAL ISSUANCE, SOME LONG LIQUIDATION, ACCOMPANYING A ZERO INCREASE IN SILVER OZ STANDING AT THE COMEX FOR MAY. WE HAD A NET LOSS IN OUR TWO EXCHANGES OF 2263 CONTRACTS (SEE CALCULATIONS BELOW).
WE HAVE ALSO WITNESSED A HUMONGOUS 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 FAIR SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: MARCH: 00 AND MAY: 0 AND JULY: 580 AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 580 CONTRACTS. WITH THE TRANSFER OF 580 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 580 EFP CONTRACTS TRANSLATES INTO 2.900 MILLION OZ ACCOMPANYING:
1.THE 5 CENT LOSS 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.
20.970 MILLION OZ FINAL STANDING IN DEC
5.075 MILLION OZ FINAL STANDING IN JAN
1.480 MILLION OZ FINAL STANDING IN FEB
23.005 MILLION OZ FINAL STANDING FOR MAR
4.660 MILLION OZ FINAL STANDING FOR APRIL
45.410 MILLION OZ INITIALLY STANDING FOR MAY
MONDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER'S PRICE...AND THEY WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL 5 CENTS).. AND, OUR OFFICIAL SECTOR/BANKERS WERE SOMEWHAT SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME AMOUNT OF SILVER LONGS FROM THEIR POSITIONS. THE STRONG LOSS AT THE COMEX ACCOMPANIED : i) A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A ZERO GAIN IN SILVER OZ STANDING FOR MAY, SOME BANKER SHORT COVERING AND 4) SOME LONG LIQUIDATION AS WE DID HAVE A NET LOSS OF 2263 CONTRACTS OR 11.31 MILLION OZ ON THE TWO EXCHANGES! YOU CAN BET THE FARM THAT OUR BANKER ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY /FOR MONTH OF MAY:
7427 CONTRACTS (FOR 8 TRADING DAYS TOTAL 7427 CONTRACTS) OR 37.135 MILLION OZ: (AVERAGE PER DAY: 928 CONTRACTS OR 4.641 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF MAY: 37.135 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 4.89% 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 2020 TO DATE SILVER EFP'S: 1,025.48 MILLION OZ.
JANUARY 2020 EFP TOTALS SO FAR: 181.61 MILLION OZ
FEB 2020 EFP'S TOTAL : ...... 259.600 MILLION OZ
MARCH EFP'S ..... 452.280 MILLION OZ //TOTALS//AND A NEW RECORD FOR THE MONTH)
APRIL EFP 95.355 MILLION OZ. (EX. FOR PHYSICALS BECOMING A LOT LESS)
MAY EFP SO FAR: 37.135 MILLION OZ
EXCHANGE FOR PHYSICAL ISSUANCE FOR THE PAST 30 DAYS IS A LOT LESS. NO DOUBT THAT THE COST TO CARRY THESE THINGS HAS EXPLODED AND AS SUCH CANNOT BE DONE AS FREQUENTLY AS BEFORE.
RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2912, WITH OUR 5 CENT LOSS IN SILVER PRICING AT THE COMEX ///MONDAY... THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE OF 580 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
TODAY WE LOST A VERY STRONG SIZED OI CONTRACTS ON THE TWO EXCHANGES: 2332 CONTRACTS (WITH OUR 5 CENT LOSS IN PRICE)
THE TALLY//EXCHANGE FOR PHYSICALS
i.e 580 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH A STRONG SIZED DECREASE OF 2912 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 5 CENT LOSS IN PRICE OF SILVER/ AND A CLOSING PRICE OF $15.43 // 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 UNDER 1 BILLION oz i.e. 0.7050 BILLION OZ TO BE EXACT or 100.7% of annual global silver production (ex Russia & ex China).
FOR THE NEW MAR DELIVERY MONTH/ THEY FILED AT THE COMEX: 0 NOTICE(S) FOR nil 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//TODAY'S RECORD OF 244,705 IS SET WITH A PRICE OF: 18.91 (FEB 25/2020)
.
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: 20.970 MILLION OZ; JAN: 5.075 MILLION OZ.//FEB 1.480 MILLION OZ//MAR: 23.005 MILLION OZ/APRIL 4.660 MILLION OZ//MAY 45.410 MILLION OZTHE RECORD PRIOR TO TODAY WAS SET IN FEB 25/2018: 244,710 CONTRACTS, WITH A SILVER PRICE OF $18.90//.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 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)
GOLD
IN GOLD, THE COMEX OPEN INTEREST FELL BY A GOOD SIZED 5613 CONTRACTS TO 495,185 AND FURTHER FROM OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE GOOD SIZED LOSS OF COMEX OI OCCURRED WITH OUR CONSIDERABLE COMEX LOSS IN PRICE OF $12.65 /// COMEX GOLD TRADING// MONDAY// WE HAD SOME BANKER SHORT COVERING , A GOOD SIZED DECREASE IN GOLD OZ STANDING AT THE COMEX, ALONG WITH SOME LONG LIQUIDATION ACCOMPANYING A VERY GOOD EX. FOR PHYSICAL ISSUANCE. THIS ALL HAPPENED WITH OUR LOSS IN THE PAPER PRICE OF GOLD.
WE HAD A VOLUME OF 0 4 -GC CONTRACTS//OPEN INTEREST 7
WE LOST A SMALL SIZED 978 CONTRACTS (3.041 TONNES) ON OUR TWO EXCHANGES.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2110 CONTRACTS:
CONTRACTS, FEB> 0 CONTRACTS; MARCH 00 APRIL: 0. MAY: 0, AND JUNE 4336.; AUG 299 AND ALL OTHER MONTHS ZERO//TOTAL: 4336. The NEW COMEX OI for the gold complex rests at 495,185. 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 SMALL SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 978 CONTRACTS: 5613 CONTRACTS DECREASED AT THE COMEX AND 4635 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS OF 978 CONTRACTS OR 3.215 TONNES. MONDAY, WE HAD A LOSS OF $12.65 IN GOLD TRADING......
AND WITH THAT LOSS IN PRICE, WE HAD A TINY SIZED LOSS IN TOTAL/TWO EXCHANGES GOLD TONNAGE OF 3.215 TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON. THE BANKERS WERE SUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD'S PRICE (IT FELL $12.65). AND IT ALSO SEEMS THAT THEIR ATTEMPT TO FLEECE ANY GOLD LONGS FROM THE GOLD ARENA WAS SUCCESSFUL (SEE BELOW).
4 GC VOLUME: 0 // open interest 7
END
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:
WE HAD A GOOD SIZED INCREASE IN EXCHANGE FOR PHYSICALS (4635) ACCOMPANYING THE CONSIDERABLE SIZED LOSS IN COMEX OI (5613 OI): TOTAL LOSS IN THE TWO EXCHANGES: 978 CONTRACTS. WE NO DOUBT HAD 1 )SOME BANKER SHORT COVERING, 2.)A SMALL DECREASE IN OUNCES STANDING AT THE GOLD COMEX FOR THE FRONT MAY MONTH, 3) SOME LONG LIQUIDATION AND ...ALL OF THIS WAS COUPLED WITH OUR LOSS IN GOLD PRICE TRADING//MONDAY
SPREADING OPERATIONS
OUR SPREADING OPERATION HAS NOW SWITCHED INTO GOLD.....
SPREADING OPERATION FOR OUR NEWCOMERS:
WE HAVE NOW COMMENCED IN SILVER THE ILLEGAL SPREADING OPERATION \ FOR NEWCOMERS, HERE ARE THE DETAILS:
SPREADING LIQUIDATION HAS NOW STOPPED IN SILVER AS THEY NOW BEGIN TO MORPH INTO GOLD AS WE HEAD TOWARDS THE NEW FRONT MONTH WILL BE JUNE.
FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;
THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR SILVER..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR GOLD. THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE
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 GOLD 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 NON ACTIVE DELIVERY MONTH OF MAY HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF JUNE FOR GOLD:
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE IN THIS NON ACTIVE MONTH OF MAY. BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN GOLD WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (JUNE), 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."
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF MAY : 24,380 CONTRACTS OR 2,438,000 oz OR 75.83 TONNES (8 TRADING DAYS AND THUS AVERAGING: 3047 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 8 TRADING DAY(S) IN TONNES: 675.83 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2019, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 75.83/3550 x 100% TONNES =2.13% OF GLOBAL ANNUAL PRODUCTION
ISSUANCE OF EXCHANGE FOR PHYSICAL GOLD HAS DISSIPATED THIS MONTH...THE COST TO THE BANKERS TO CARRY THESE CONTRACTS IN LONDON IS BECOMING TOO GREAT FOR THEM.
ACCUMULATION OF GOLD EFP'S YEAR 2020 TO DATE: 2642.08 TONNES
JANUARY 2220 TOTAL EFP ISSUANCE; : 570.19 TONNES
FEB 2020 TOTAL EFP ISSUANCE : 653.78 TONNES
MARCH TOTAL EFP ISSUANCE 1,098.93 TONNES (*AND A NEW ALL TIME RECORD ISSUANCE//22 DAYS)
APRIL TOTAL EFP. ISSUANCE: 243.45 TONNES (EFP ISSUANCE BECOMING A LOT LESS)
MAY TOTAL EFP ISSUANCE: 75.83 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.
COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A CONSIDERABLE SIZED 5613 CONTRACTS TO 495,185 MOVING FURTHER FROM OUR RECORD THAT WAS SET IN JANUARY/2020: {799,541 OI(SET JAN 16/2020)} AND PREVIOUS TO THAT: 797,110 (SET JAN 7/2020). AND THIS CONSIDERABLE COMEX OI LOSS WAS SET WITH OUR LOSS OF $12.65 IN GOLD PRICING /MONDAY'S COMEX TRADING//). WE ALSO HAD A GOOD EFP ISSUANCE (4635 CONTRACTS),. THUS WE HAD 1) SOME BANKER SHORT COVERING AT THE COMEX AND 2) SOME VERY MINOR LONG LIQUIDATION AND 3) ANOTHER DECREASE IN GOLD OZ STANDING AT THE COMEX // MAY/GOLD... AS WE ENGINEERED A SMALL LOSS ON TWO EXCHANGES OF 978 CONTRACTS.
WE AGAIN HAD 0 4 -GC VOLUME//open interest remains at 7
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF APRIL.. 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 4635 EFP CONTRACTS WERE ISSUED:
FEB: 0; MARCH 00 AND APRIL: 0, MAY: 0 JUNE : 4336 AND 299 FOR AUG AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 4635 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 LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: 978 TOTAL CONTRACTS IN THAT 4635 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST A FAIR SIZED 5613 COMEX CONTRACTS. THE BANKERS PROVIDED ALL THE NECESSARY SHORT PAPER TO WHICH OUR LONGS DUTIFULLY ACCEPTED AS THEY GOBBLED UP A GOOD AMOUNT OF EXCHANGE FOR PHYSICALS WITH A SOME BANKER SHORT COVERING, ACCOMPANYING A SMALL DECREASE IN COMEX GOLD TONNAGE // STANDING FOR DELIVERY (SEE CALCULATIONS BELOW)....AND MINOR LONG LIQUIDATION...... ALL OF THE ABOVE OCCURRED WITH A LARGE FALL IN PRICE
THE BANKERS WERE SUCCESSFUL IN LOWERING GOLD'S PRICE //// (IT FELL BY $12.65). AND, THEY WERE SOMEWHAT SUCCESSFUL IN FLEECING SOME LONGS, AS THE TOTAL LOSS ON THE TWO EXCHANGES REGISTERED A TINY 3.215 TONNES.
NET LOSS ON THE TWO EXCHANGES :: 978 CONTRACTS OR 97800 OZ OR 3.215 TONNES.
COMMODITY LAW SUGGESTS THAT COMMODITY FUTURES OPEN INTEREST SHOULD APPROXIMATE 3% OF TOTAL PRODUCTION. IN GOLD THE WORLD PRODUCES AROUND 3500 TONNES PER YEAR BUT ONLY 2200 TONNES ARE AVAILABLE FROM THE WEST (THUS EXCLUDING RUSSIA, CHINA ETC..WHO KEEP 100% OF THEIR PRODUCTION)
THUS IN GOLD WE HAVE THE FOLLOWING: 495,185 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 49.51 MILLION OZ/32,150 OZ PER TONNE = 1539 TONNES
THE COMEX OPEN INTEREST REPRESENTS 1539/2200 OR 69.99% OF ANNUAL GLOBAL PRODUCTION OF GOLD.
Trading Volumes on the COMEX TODAY: 236,268 contracts//volume very low
CONFIRMED COMEX VOL. FOR YESTERDAY: 291,756 contracts// volumes very low
MAY 12 /2020
MAY GOLD CONTRACT MONTH
We had 1 deposits into the dealer
i) Into Manfra: 80,672.876 oz
total dealer deposits: 80,672.926 oz
total dealer withdrawals: nil oz
we had 2 deposit into the customer account
i) Into Brinks: 9087.609 oz
ii) Into JPMorgan: 683,755.317 oz
total deposits: 692,842.926 oz
we had 2 gold withdrawals from the customer account:
i) Out of Brinks: 81,587.490 oz
ii) Out of Scotia; 52006.005 oz
total gold withdrawals; 86,793.495 oz
We had 0 kilobar transactions +
We had 0 4 KC bar volume transactions/7 contracts oi
ADJUSTMENTS: 1
dealer to customer
ii) Out of Brinks: 578.72 oz
The front month of May registered a LARGE total of 1968 oi contracts for a loss of 445 contracts. We had 104 notices filed upon yesterday so we LOST 341 contracts or an additional 34,100 oz will stand as these guys REFUSED TO morph into London based forwards and thus negated a fiat bonus
The next delivery month after May is the huge delivery month of June. Here June saw a loss OF 22,562 contracts DOWN to 270,338 contracts. July has ANOTHER GAIN OF 285 OI contracts and thus 521 contracts outstanding. Next comes August another strong delivery month and here the OI ROSE by 14,210 contracts up to 129,425 contracts.
We had 1196 notices filed today for 119,600 ozFOR THE MAY 2020 CONTRACT MONTH)Today, 0 notice(s) were issued from JPMorgan dealer account and 818 notices were issued from their client or customer account. The total of all issuance by all participants equates to 1196 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 530 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 MAY /2020. contract month, we take the total number of notices filed so far for the month (7477) x 100 oz , to which we add the difference between the open interest for the front month of May. (1968 CONTRACTS ) minus the number of notices served upon today (1196 x 100 oz per contract) equals 824900 OZ OR 25.657 TONNES) the number of ounces standing in this non active month of May
thus the INITIAL standings for gold for the May/2020 contract month:
No of notices served (7477)x 100 oz + 1968 OI) for the front month minus the number of notices served upon today (1196) x 100 oz which equals 824,900 oz standing OR 25.657 TONNES in this non active delivery month. This is a record amount for gold standing for any May delivery month or any non active delivery month.
We LOST 341 contracts or an additional 34,100 oz will NOT seek out metal on this side of the pond as they morphed into London based forwards.
NEW PLEDGED GOLD: BRINKS
3027.500 OZ REMOVED TO THE PLEDGED ACCOUNT JAN 10.2020/Brinks
144,088.952 oz NOW PLEDGED JAN 21.2020/HSBC 5.4807 TONNES
322,144.443 oz PLEDGED MARCH 2020 JPMORGAN: 10.020 TONNES
42,548.308.00 PLEDGED APRIL 3/2020: SCOTIA: 1.3234 tonnes
19,290.600 oz Pledged May 8/2020 INT DELAWARE: .600 TONNES
17,853.197 oz pledged May 8.2020 MANFRA: .553 TONNES
TOTAL PLEDGED GOLD NOW IN EFFECT: 545,925.500 OZ OR 16.980 TONNES
SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES.... WE HAVE 196.53 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS ie. 25.657 tonnes
CALCULATION OF REGISTERED GOLD THAT CAN BE SETTLED UPON:total registered or dealer 6,864,354.723 oz or 213.84 tonneswhich includes the following:a) pledged gold held at HSBC which cannot settled upon 144,088.952 oz x ( 4.4817 TONNES)//b) pledged gold held at JPMorgan (added March 2020) which cannot be settled upon: 322,144.443 oz (or 10.0200 tonnes)total pledged gold:c) pledged gold at Scotia: 1.3234 tonnes or 42,548.308 oz which cannot be settled (1.3234 tonnes)d) pledged gold at Manfra: 17,853.197 oz which cannot be settled: (.5553 tonnes)e) pledged gold at int.Del. 19,290.600 oz which cannot be settled: (.600 tonnes)total weight of pledged: 545,925.500 oz or 16.905 tonnesthus:registered gold that can be used to settle upon: 6,318429.2 (196.53 tonnes)true registered gold (total registered - pledged tonnes 6,318429.2 (196.53 tonnes)total eligible gold: 16,065,568.472 oz (499.706 tonnes)
total registered, pledged and eligible (customer) gold; 22,929,923.195 oz 713.22 tonnes (INCLUDES 4 GC GOLD)
total 4 GC gold: 128.890 tonnes
total gold net of 4 GC: 584.33 tonnes
end
I have compiled data with respect to registered (or dealer) gold taken on first day notice for each of the past 24 months
The data begins on first day notice for the May month taken on the last day of April 2018. and it continues to present day. Thus 24 data entry points.
I then took, how many deliveries were recorded by the CME for each and every month. I also included for reference the price of gold on first day notice.
The first graph is a logarithmic graph and the second graph, linear.
You can see the huge explosion of registered gold at the comex along with deliveries. Gold owners are very clear people. They would know full well that
the gold at the comex is unallocated and that they would not be stupid enough to keep their gold at the comex especially in the registered category once deliveries are asked upon. If physical gold was present it would be have removed from the comex... It shows there is no gold at the comex. They are just trading in sticky paper.THE DATA AND GRAPHS:
docs.google.com/spreadsheets/d/1kjTdrLhruo-6Q_joBKNoiJIFwZBbsA5Lp5vEjxJbIhs/edit?usp=sharing
THE GOLD COMEX SEEMS TO BE UNDER SEVERE ASSAULT FOR PHYSICAL
ENDMAY 12/2020
And now for the wild silver comex results
Total COMEX silver OI FELL BY A STRONG SIZED 2912 CONTRACTS FROM 137,969 UP TO 135,057(AND FURTHER FROM OUR NEW ALL TIME RECORD OI FOR SILVER SET ON FEB 25.2020(244,710) ECLIPSING OUR PREVIOUS RECORD, AUGUST 25/2018 RECORD (244,196). THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9.2018/ 243,411 CONTRACTS) . THE STRONG OI COMEX LOSS TODAY OCCURRED WITH OUR 5 CENT LOSS IN PRICING//MONDAY. WE LOST A TOTAL OF 2263 CONTRACTS IN OUR TWO EXCHANGES. THE LOSS IN TOTAL OI (TWO EXCHANGES) OCCURRED WITH 1) A FAIR ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A ZERO DECREASE IN SILVER OZ STANDING AT THE COMEX, 3) SOME BANKER SHORT COVERING , 4) SOME LONG LIQUIDATION,5) STRONG COMEX LOSS IN OI AND ALL OF THIS OCCURRED WITH OUR SMALL 5 CENT LOSS IN PRICE
WE ARE NOW INTO THE ACTIVE DELIVERY MONTH OF MAY
THE FRONT DELIVERY OF MAY SAW 513 OPEN INTEREST CONTRACTS STANDING AND THUS WE HAD A LOSS OF 1479 CONTRACTS. We had 1479 notices filed yesterday so we LOST 0 contracts or an additional NIL oz will stand at the comex as these guys refused to morph into London based forwards and thus they negated a fiat bonus for their efforts.. It looks like there is no silver over here and thus they must travel to London to get the stuff.
AFTER MAY WE HAVE THE NON ACTIVE MONTH OF JUNE. HERE JUNE SAW A GAIN OF 0 CONTRACTS RESTING AT 463.
AFTER JUNE COMES THE VERY BIG DELIVERY MONTH OF JULY AND HERE THE OI LOST 1414 CONTRACTS UP TO 102,718 CONTRACTS
We, today, had 0 notice(s) FILED for nil, OZ for the APRIL, 2019 COMEX contract for silver
MAY 12/2020
MAY SILVER COMEX CONTRACT MONTH
i) We had one deposit into the dealer:i) Into Brinks: 9729.660 oz
total dealer deposits: 9729.660 oz
total dealer withdrawals: nil oz
i)we had 3 deposits into the customer account
into JPMorgan: 0
ii)into CNT: 600,231.830 oz
iii) Into Delaware: 594,923.950 oz
iv) Into Scotia: 675,267.560 oz
*** JPMorgan for most of 2017, 2018 and onward, has adding to its inventory almost every single day.
JPMorgan now has 160.819 million oz of total silver inventory or 51.22% of all official comex silver. (160.819 million/313.893 million
total customer deposits today: 1870,423.340 oz
we had 2 withdrawals:
i) Out of Brinks: 699,662.330 oz
ii) Out of Scotia 90,303.500 oz
total withdrawals; 789,965.83 oz
We had 1 adjustments dealer to customer
Out of Brinks: 10,084.352 oz
total dealer silver: 89.963 million
total dealer + customer silver: 314.98 million oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The total number of notices filed today for the MAY 2020. contract month is represented by 0 contract(s) FOR nil 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 8569 x 5,000 oz = 42,845,000 oz to which we add the difference between the open interest for the front month of MAY.(513) 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 MAY/2019 contract month: 8569 (notices served so far) x 5000 oz + OI for front month of MAY (513)- number of notices served upon today (0) x 5000 oz of silver standing for the MAY contract month.equals 45,410,000 oz.
We GAINED 0 or an additional NIL oz will seek out metal on the London side of the pond as they refused a London based forward contract..
TODAY'S ESTIMATED SILVER VOLUME: 36,785 CONTRACTS //volume very low
FOR YESTERDAY: 41,771 CONTRACTS..,CONFIRMED VOLUME//extremely low volume
YESTERDAY'S CONFIRMED VOLUME OF 41,771 CONTRACTS EQUATES to 208 million OZ 29.8% 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 $18.42. The previous record was 224,540 contracts with the price at that time of $20.44
end
NPV for Sprott
1. Sprott silver fund (PSLV): NAV RISES TO+ 0.08% ((MAY 12/2020)
2. Sprott gold fund (PHYS): premium to NAV FALLS TO +0.29% to NAV: (MAY 12/2020 )
Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into POSITIVE/ 0.08%
(courtesy Sprott/GATA
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 15.63 TRADING 15.49///NEGATIVE 0.90
END
And now the Gold inventory at the GLD/
MAY 12//WITH GOLD UP $6.60 TODAY; A SMALL CHANGES IN GOLD INVENTORY AT THE GLD/: A WITHDRAWAL OF .58 TONNES FROM THE GLD///INVENTORY RESTS AT 1081.07 TONNES
MAY 11/WITH GOLD DOWN $12.65 TODAY: NO CHANGES IN GOLD INVENTORY: //INVENTORY RESTS AT 1081.65 TONES..
MAY 8/WITH GOLD DOWN $7.00 TODAY; A BIG CHANGE IN GOLD INVENTORY: A PAPER ADDITION OF 5.85 TONNES/INVENTORY RESTS AT 1081.65 TONNES
MAY 7/WITH GOLD UP $29.65 TODAY : A SMALL CHANGE IN GOLD INVENTORY AT THE GLD//A PAPER ADDITION OF .41 TONNES/INVENTORY RESTS AT 1075.80 TONNES
MAY 6//WITH GOLD DOWN $17.00 TODAY/ A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//A PAPER ADDITION OF 3.68 TONNES/INVENTORY RESTS AT 1075.39 TONES
MAY 5/WITH GOLD DOWN $1.65 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER ADDITION OF 3.81 TONNES//INVENTORY RESTS AT 1071.71 TONNES
MAY 4//WITH GOLD UP $12.00 TODAY//A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A MASSIVE PAPER DEPOSIT OF 11.4 TONNES INTO THE GLD////GOLD INVENTORY RESTS AT 1067.90 TONNES
MAY 1/WITH GOLD UP $8.45 NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1056.50 TONNES
APRIL 30/WITH GOLD DOWN $15.95 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1056.50 TONNES
APRIL 29/WITH GOLD DOWN $7.65/A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER DEPOSIT OF 8.19 TONNES OF GOLD INTO THE GLD////INVENTORY REST AT 1056.50 TONNES//
APRIL 28/WITH GOLD DOWN $4.50//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1048.31 TONNES
APRIL 27/WITH GOLD DOWN $12.75//A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER DEPOSIT OF 5.85 TONNES INTO THE GLD////INVENTORY RESTS TONIGHT AT 1048.31 TONNES
APRIL 24/WITH GOLD DOWN $4.90 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS TONIGHT AT 1042.46 TONNES
APRIL 23/WITH GOLD UP $10.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD///INVENTORY RESTS TONIGHT AT 1042.46 TONNES
APRIL 22/WITH GOLD UP $40.75 TODAY:; TWO HUGE CHANGES IN GOLD INVENTORY AT THE GLD//A)A MONSTROUS 3.8 PAPER TONNES WERE ADDED TO THE GLD INVENTORY AND B) ANOTHER HUGE 9.07 TONNES OF PAPER GOLD ADDED LATE IN THE DAY//INVENTORY RESTS AT 1042.46 TONNES
APRIL 21/WITH GOLD DOWN $21.60 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MONSTROUS ADDITION OF 7.9 PAPER TONNES TO THE GLD INVENTORY//INVENTORY RESTS AT 1029.59 TONNES
APRIL 20//WITH GOLD UP $10.00 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1021.69 TONNES
APRIL 17/WITH GOLD DOWN $27.80 TODAY: SURPRISINGLY NO CHANGES IN GOLD INVENTORY AT THE GLD///INVENTORY RESTS AT 1021.69 TONNES TONNES..THE STRING OF 12 STRAIGHT STRONG DEPOSITS ENDS..
APRIL 16/WITH GOLD DOWN $4.50 TODAY: ANOTHER HUGE CHANGE IN GOLD INVENTORY: A STRONG DEPOSIT OF 4.10 TONNES WAS ADDED TO THE GLD INVENTORY//INVENTORY RESTS AT 1021.69 TONNES/12TH STRAIGHT STRONG DEPOSIT
APRIL 15//WITH GOLD DOWN $19.10 TODAY; ANOTHER HUGE CHANGE IN GOLD INVENTORY; A STRONG 7.89 TONNES WAS ADDED TO THE GLD INVENTORY//INVENTORY RESTS AT 1117.59 TONNES.//11TH STRAIGHT STRONG DEPOSIT
APRIL 14/WITH GOLD UP $23.55 TODAY: ANOTHER HUGE CHANGE IN GOLD INVENTORY: A STRONG 15.51 TONNES WAS ADDED TO THE GLD INVENTORY/INVENTORY RESTS AT 1009.70 TONNES//THIS IS THE 10TH STRAIGHT STRONG DEPOSIT//THIS IS A FRAUDULENT VEHICLE..THEY HAVE NO PHYSICAL GOLD IN THE TRUST..
APRIL 13//WITH GOLD UP $27.65 TODAY: ANOTHER HUGE CHANGE IN GOLD INVENTORY: A STRONG 5.36 TONNES WAS ADDED TO THE GLD//INVENTORY RESTS AT 994.19 TONNES
APRIL 9 WITH GOLD UP $37.30 TODAY: ANOTHER HUGE CHANGE IN GOLD INVENTORY: A STRONG 2.92 TONNES WAS ADDED TO THE GLD//GOLD INVENTORY RESTS TONIGHT AT..988.63 TONNES
APRIL 8/WITH GOLD DOWN $.60//ANOTHER HUGE CHANGE IN GOLD INVENTORY/;; A STRONG 1.45 TONNES WAS ADDED TO THE GLD/GOLD INVENTORY RESTS AT 985.71 TONNES
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Inventory rests tonight at
MAY 12/ GLD INVENTORY 1085.07 tonnes*
LAST; 818 TRADING DAYS: +134.77 NET TONNES HAVE BEEN REMOVED FROM THE GLD
LAST 718 TRADING DAYS://+309.91 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY.
end
Now the SLV Inventory/
MAY 12/WITH SILVER UP 5 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 3.076 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 420.861 MILLION OZ//
MAY 11.WITH SILVER DOWN 5 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 417.785 MILLION OZ//
MAY 8/WITH SILVER UP 11 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A MONSTER DEPOSIT OF 4.661 MILLION OZ OF SILVER INTO THE SLV..///INVENTORY RESTS AT 417.785 MILLION OZ//
MAY 7/WITH SILVER UP 45 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 413.124 MILLION OZ//
MAY 6/WITH SILVER DOWN 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 413.124 MILLION OZ//
MAY 5/WITH SILVER UP 17 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 413.124 MILLION OZ///
MAY 4//WITH SILVER DOWN 5 CENTS TODAY:2 HUGE PAPER CHANGES IN SILVER INVENTORY AT THE SLV.i).A LARGE 1.399 MILLION OZ OF PAPER SILVER REMOVED FROM THE SLV//..//INVENTORY RESTS AT 411.427 MILLION OZ and ii) A LARGE 1.647 MILLION OZ OF PAPER SILVER ADDED TO THE SLV// INVENTORY RESTS AT 413.124 MILLION OZ//
MAY 1/WITH SILVER FLAT IN PRICE: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 412.826 MILLION OZ///
APRIL 30/WITH SILVER DOWN 26 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 412.826 MILLION OZ//
APRIL 29/WITH SILVER DOWN ONE CENT TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 412.826 MILLION OZ//
APRIL 28 /WITH SILVER DOWN 2 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 412.826 MILLION OZ..
APRIL 27/WITH SILVER UP ONE CENT TODAY: TWO SMALL CHANGE IN SILVER INVENTORY AT THE SLV: a) A WITHDRAWAL OF 373,000 OZ FORM THE SLV// b) A SECOND WITHDRAWAL OF 466,000: ////INVENTORY RESTS AT 412.826 MILLION OZ//
APRIL 24//WITH SILVER UP 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 413.665 MILLION OZ
APRIL 23/WITH SILVER UP 0 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.891 MILLION OZ INTO THE SLV/////INVENTORY RESTS AT 413.665 MILLION OZ//
APRIL 22/WITH SILVER UP 42 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY: A PAPER WITHDRAWAL OF 1.865 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 410.774 MILLION OZ//
APRIL 21//WITH SILVER DOWN 60 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER ADDITION OF 1.398 MILLION OZ INTO THE SLV INVENTORY//INVENTORY RESTS AT 412.639 MILLION OZ//
APRIL 20//WITH SILVER UP 16 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.797 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 414.038 MILLION OZ//
APRIL 17/WITH SILVER DOWN 24 CENTS TODAY; A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.3999 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 415.437 MILLION OZ//
APRIL 16/WITH SILVER UP 5 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV////INVENTORY RESTS AT 415.437 MILLION OZ//
APRIL 15//WITH SILVER DOWN 45 CENTS TODAY: TWO HUGE CHANGES IN SILVER INVENTORY AT THE SLV TWO HUGE DEPOSITS: A DEPOSIT OF 1.679 MILLION OZ AND ANOTHER 5.222 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 415.437 MILLION OZ//
APRIL 14./WITH SILVER UP 51 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV//A MASSIVE PAPER DEPOSIT OF XXX MILLION OZ//INVENTORY RESTS AT 408.536 MILLION OZ//
APRIL 13//WITH SILVER DOWN 29 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A MASSIVE PAPER DEPOSIT OF 6.155 MILLION OZ////INVENTORY RESTS AT 408.536 MILLION OZ//
APRIL 9/WITH SILVER UP 60 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A HUGE DEPOSIT OF 1.84 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 402.381 MILLION OZ.
MAY 12.2020:
SLV INVENTORY RESTS TONIGHT AT
420.861 MILLION OZ.
END
LIBOR SCHEDULE AND GOFO RATES/GOLD LEASE RATES
YOUR DATA.....
6 Month MM GOFO 2.16/ and libor 6 month duration 0.66
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: - 1.50%
GOLD LEASE RATES NEGATIVE/CENTRAL BANKS CALLING IN ALL OF THEIR GOLD
XXXXXXXX
12 Month MM GOFO+ 1.73%
LIBOR FOR 12 MONTH DURATION: 0.77
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = -.94
GOLD LEASE RATES NEGATIVE/CENTRAL BANKS CALLING IN ALL OF THEIR GOLD
end