Gold:1335.40 down $1.00
Silver 19.77 down 1 cent
In the access market 5:15 pm
Gold: 1336.00
Silver: 19.71
.
For the August gold contract month, we had a good sized 395 notices served upon for 39,500 ounces. The total number of notices filed so far for delivery: 11,276 for 1,127,600 oz or tonnes or 35.073 tonnes
In silver we had 1 notice served upon for 5,000 oz. The total number of notices filed so far this month: 210 for 1,050,000 oz.
Let us have a look at the data for today
.
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In silver, the total open interest FELL BY A LARGE 5,722 contracts DOWN to 217,762 YET STILL CLOSE AN ALL TIME NEW ALL TIME RECORD AS THE PRICE OF SILVER FELL BY 63 CENTS WITH FRIDAY’S TRADING.In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.088 BILLION TO BE EXACT or 155% of annual global silver production (ex Russia &ex China).
In silver we had 1 notice served upon for 5,000 oz
In gold, the total comex gold FELL BY A CONSIDERABLE 13,004 contracts as the price of gold FELL by $22.40 ON FRIDAY. The total gold OI stands at 577,490 contracts.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
we had a huge change to our gold inventory, /a withdrawal of 6.54 tonnes
Total gold inventory rest tonight at: 973.80 tonnes
SLV
we had no changes in the SLV, the SILVER INVENTORY AT THE SLV
rests at 350.815 million oz.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver FELL by 5722 contracts DOWN to 217762 the as price of silver FELL BY 62 cents with FRIDAY’S trading.The gold open interest FELL by A large 13,004 contracts DOWN to 577,490 as the price of gold FELL by $22.40 WITH FRIDAY’S TRADING.
(report Harvey).
2 a) Gold/silver trading overnight Europe, Goldcore
(Mark OByrne/zerohedge
3. ASIAN AFFAIRS
i)Late SUNDAY night/MONDAY morning: Shanghai closed UP 27.58 POINTS OR 0.93%/ /Hang Sang closed UP 396.12 points or 1.57%. The Nikkei closed UP 396.12 POINTS OR 2.44% Australia’s all ordinaires CLOSED UP 0.74% Chinese yuan (ONSHORE) closed DOWN at 6.6610/Oil rose to 42.35 dollars per barrel for WTI and 44.78 for Brent. Stocks in Europe ALL IN THE GREEN . Offshore yuan trades 6.6696 yuan to the dollar vs 6.6610 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE WIDENS SLIGHTLY AS TRIES MORE USA DOLLARS LEAVING THEIR SHORES
REPORT ON JAPAN SOUTH KOREA AND CHINA
a) REPORT ON JAPAN
none today
b) REPORT ON CHINA
i)Without a doubt if we look at Chinese trade data we get a good look at the global economic scene and it is not pretty as conditions throughout the world deterioate
(courtesy zero hedge)
ii)China continues to antagonize the USA by flying combat missions over the disputed South China islands (Spratly Islands)
(foxnews)
4 EUROPEAN AFFAIRS
What a joke!!: Spain sees its 10 yr bond yield break below 1%.
( zero hedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
none today
6.GLOBAL ISSUES
none today
7.OIL ISSUES
i)OH OH! seems that hedge funds have never been this short on oil. Our bankers have spotted this and they will go after these shorts in a big way. Expect oil to rise in the next few days to obliterate these shorts
( zero hedge)
ii)And sure enough the short squeeze is on again as the crooked banks annihilate the oil shorts.
(courtesy zero hedge)
8.EMERGING MARKETS
Below are the 4 largest nations undergoing hyperinflation
Venezuela, Nigeria, Egypt and Syria
(courtesy Steve Hanke)
9.PHYSICAL STORIES
i)Depicting 31 incredible facts about gold:
( zero hedge)
ii)We now have a bail in for hacked bitcoin exchange
iii)Turkey wishes to become a storage hub for gold, i.e.to store 1600 tonnes of gold for that part of the world.( Daily Sabah Istanbul)
iv Bill Holter’s commentary tonight is entitled:
“CHART OF THE CENTURY”
iv)Ed Steer/Ted Butler comment on the latest Banking Participation Report.
Needless to say that we had a huge increase by the major bankers in supplying naked shorts on both gold and silver:
(courtesy Ed Steer/Ted Butler)
10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER
i)Coincidence is certainly piling up against Hillary:
Lead attorney in Anti -Clinton DNC fraud case is mysteriously found dead:
( zero hedge)
Let us head over to the comex:
Gold |
Ounces
|
Withdrawals from Dealers Inventory in oz | nil OZ |
Withdrawals from Customer Inventory in oz nil |
81,982.500 oz
HSBC
2550 KILOBARS
|
Deposits to the Dealer Inventory in oz | 8,000.000 oz
Brinks ???
|
Deposits to the Customer Inventory, in oz |
113,834.55 OZ
HSBC,
SCOTIA
(INCL 155 KILOBARS)
|
No of oz served (contracts) today |
395 notices
39,500 oz
|
No of oz to be served (notices) |
2343 contracts
234,300 oz
|
Total monthly oz gold served (contracts) so far this month |
11,276 contracts (1,127,600 oz)
(35.073 tonnes)
|
Total accumulative withdrawals of gold from the Dealers inventory this month | NIL |
Total accumulative withdrawal of gold from the Customer inventory this month | 93,202.9 OZ |
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 or hypothecated gold sent to other jurisdictions so that they will not be short in their derivatives like in England. This would be similar to the gold used by Jon Corzine. If this is the case, this would be the greatest fraud perpetrated on USA soil.
Silver |
Ounces
|
Withdrawals from Dealers Inventory | NIL |
Withdrawals from Customer Inventory |
610,600.547 oz
CNT
|
Deposits to the Dealer Inventory |
nil
|
Deposits to the Customer Inventory |
608,280.200 oz
JPM
|
No of oz served today (contracts) |
1 CONTRACT
(5,000 OZ)
|
No of oz to be served (notices) |
239 contracts
1,195,000 oz)
|
Total monthly oz silver served (contracts) | 210 contracts (1,050,000 oz) |
Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
Total accumulative withdrawal of silver from the Customer inventory this month | 5,931,861.3 oz |
end
NPV for Sprott and Central Fund of Canada