Gold:1351.20 up $8.50
Silver 19.72 up 9 cents
In the access market 5:15 pm
Gold: 1352.00
Silver: 19.76
For the August gold contract month, we had a small sized 66 notices served upon for 6600 ounces. The total number of notices filed so far for delivery: 12,923 for 1,292,300 oz or tonnes or 40.195 tonnes. The total amount of gold standing for August is 42.82 tonnes.
In silver we had 0 notices served upon for NIL oz. The total number of notices filed so far this month: 393 for 1,965,000 oz.
Let us have a look at the data for today
.
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In silver, the total open interest ROSE BY A SMALLISH 820 contracts UP to 206,725 AND MOVING AWAY FROM ITS AN ALL TIME RECORD AS THE PRICE OF SILVER FELL BY 22 CENTS WITH YESTERDAY’S TRADING.In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.033 BILLION TO BE EXACT or 148% of annual global silver production (ex Russia &ex China).
In silver we had 0 notices served upon for nil oz
In gold, the total comex gold FELL 2,292 contracts as the price of gold FELL BY $7.80 yesterday . The total gold OI stands at 570,205 contracts.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
we had a huge change at the GLD/a massive withdrawal of 6.24 tonnes
*if this is real physical gold and then it is off to Shanghai
Total gold inventory rest tonight at: 955.99 tonnes of gold
SLV
we had a huge addition of 2.185 million oz into the SLV, / THE SLV/Inventory rests at: 355.469 million oz.
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver ROSE by 802 contracts UP to 206,725 despite the fact that the price of silver FELL BY 22 cents with YESTERDAY’S trading.The gold open interest FELL 2,291 contracts DOWN to 570,205 as the price of gold FELL by $7.80 WITH YESTERDAY’S TRADING.
2 a) Gold/silver trading overnight Europe, Goldcore
(Mark OByrne/zerohedge
3. ASIAN AFFAIRS
i)Late WEDNESDAY night/THURSDAY morning: Shanghai closed DOWN 5.41 POINTS OR 0.17%/ /Hang Sang closed UP 223.38 points or 0.98%. The Nikkei closed DOWN 259.63 POINTS OR 1.55% Australia’s all ordinaires CLOSED DOWN 0.49% Chinese yuan (ONSHORE) closed UP at 6.63270/Oil FELL to 46.92 dollars per barrel for WTI and 49.67 for Brent. Stocks in Europe: in the GREEN . Offshore yuan trades 6.6381 yuan to the dollar vs 6.63445 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE WIDENS SLIGHTLY AS MORE USA DOLLARS LEAVE CHINA’S SHORES
REPORT ON JAPAN SOUTH KOREA AND CHINA
a) REPORT ON JAPAN
Quite a disaster for this exporting nation. Exports and imports plunge as the higher yen is playing havoc to this nation
( zero hedge)
b) REPORT ON CHINA
none today
4 EUROPEAN AFFAIRS
none today
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
Ukraine President warns of a full scale Russian invasion of the Don Bass
( zero hedge)
Leaked documents show Erdogan supporting and financing terrorist groups like ISIS and Hamas:
( zero hedge)
iii)As Turkey moves closer and closer to Russia, the USA quietly remove their nukes to Romania. The big question of course, is what will Turkey do with all of those migrant. It sue looks like they will flood Europe with them
( zero hedge)
6.GLOBAL ISSUES
none today
7.OIL ISSUES
i)Nothing will stop these crooks: oil rises despite record Saudi output and no output freeze and rig increases
( zero hedge)
8.EMERGING MARKETS
i)Bizarre events in Brazil as two swimmers are pulled from their return trip back to the States. It seems that Brazil wants a little revenge from the Americans for their support in bringing down Roussef
( zero hedge)
ib) late morning;
Mystery solved: it was not a robbery as the story was fabricated. However things got a little rowdy inside a gas station where Lochte tried to unlock a bathroom lock and broke the door. The owner demanded that the swimmers pay for the door. Lochte then went to police and fabricated the story of being robbed at gunpoint.
( zero hedge)
ii)Then last night, a British Olympic athlete was robbed at gunpoint. Rio is not a safe environment warns their officials:
( zero hedge)
9.PHYSICAL STORIES
i)This was put to your attention yesterday but it is worth repeating because of the nonsense that GFMS puts out
( Koos Jansen/GATA)
ii)A very worthy cause as Koos Jansen tries to obtain Fort Knox audit information from the USA treasury:
( GATA/Chris Powell)
iiii)John Embry talks about the misinformation emanating from Washington as to the true state of their economy. He expects the dollar to collapse. Gold is to go to investment:
(courtesy John Embry/Kingworldnews)
iv)Three major reasons why negative interest rates are not working and it is a boon for gold
( Lawrie Williams/Lawrieon gold/Sharp’sPixley)
10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER
i)Obamacare is in such a mess. Insurers are now down 2 billion USA dollars. There are 3 major steps outlined by the insurers as to how they are going to fix their problem:
- get out of Obamacare altogether
- those that remain will hike premiums by 24%
- mergers and the resulting entity will raise rates
( ZERO HEDGE)
ii)The hope part of the Philly index rises but the other components such as new orders and employment crashes to 7 yr lows. The overall index rises to 45.8 from 33.7.
( zero hedge)
iii)One of my favourite Bellwether indicators on global health is Caterpillar. Today it is retail orders that have suffered their second biggest plunge in 7 years and it has now posted 44 consecutive declines in retail sales:
( zero hedge)
iv)With the markets threatening for a rout, it breaks again:
( zero hedge)
v)The truth behind the real earnings from Wall Street. The current P>E for the S & P is 25.1
( David Stockman/)
vi)Dr. Pinsky states that there is something wrong with Hillary’s health
( Jankowski/zero hedge)
vii)The USA is going after Harley Davidson for evading emission requirements. So we now have Chrysler under criminal investigation and now Harley Davidson:
( zerohedge)
Let us head over to the comex:
The total gold comex open interest FELL TO AN OI level of 570,205 for a LOSS of 2291 contracts AS THE PRICE OF GOLD FELL BY $7.80 with YESTERDAY’S TRADING.. We are now in the active month of AUGUST. As I stated this month : “Somebody big is continually standing for the gold metal and continues to do so in August in the same manner as we witnessed in May, June and July whereby the front delivery month increases in OI standing for metal or a slight contraction We will no doubt see increases in amount standing in August and probably we will surpass the amount standing on first day notice. The big active contract month of August saw it’s OI FALL by 14 contracts DOWN to 908, We had 11 notices filed upon yesterday so we LOST A TINY 3 contracts or an additional 300 oz will not stand for delivery in August AND THESE GUYS WERE WITHOUT A DOUBT CASH SETTLED FOR A FIAT BONUS. The next contract month of Sept saw it’s OI fall by 59 contracts down to 4522.The September contract STILL remains extremely elevated and we may have another of those high deliveries rare for a non active month.The next active delivery month is October and here the OI ROSE by 1069 contracts UP to 47,607. The estimated volume today (which is just comex sales during regular business hours of 8:20 until 1:30 pm est) was FAIR at 205,203. The confirmed volume yesterday (which includes the volume during regular business hours + access market sales the previous day was FAIR at 185,887 contracts.The comex is not in backwardation.
Today, we had 66 notices filed for 6600 oz in gold
And now for the wild silver comex results. Total silver OI ROSE by 820 contracts from 205,905 UP TO 206,725 despite the FALL in price of silver to the tune of 22 cents. We are moving away from the all time record high for silver open interest set ON Wednesday AUGUST 3: (224,540). The non active month of August saw it’s OI FELL BY 119 CONTRACTS DOWN TO 84. We had 119 notices served yesterday so we neither gained nor lost any silver ounces that will stand in this non active delivery month of August. The next big active month is September and here the OI fell by ONLY 3812 contracts down to 100,246 and that would alarm our bankers to no end. The volume on the comex today (just comex) came in at 97,745 which is HUGE and small rollovers..The confirmed volume yesterday (comex + globex) was HUMONGOUS at 96,985 with tiny rollovers.. Silver is not in backwardation. London is in backwardation for several months.
We had 0 notices filed for today for NIL oz
INITIAL standings for AUGUST
August 18.
Gold |
Ounces
|
Withdrawals from Dealers Inventory in oz |
nil OZ |
Withdrawals from Customer Inventory in oz nil |
8,198.25 oz
SCOTIA
MANFRA
255 KILOBARS
|
Deposits to the Dealer Inventory in oz |
nil |
Deposits to the Customer Inventory, in oz |
nil
3,864.382 oz
DELAWARE
|
No of oz served (contracts) today |
66 notices
6600 oz
|
No of oz to be served (notices) |
842 contracts
(84,200 oz)
|
Total monthly oz gold served (contracts) so far this month |
12,923 contracts (1,292,300 oz)
(40.195 tonnes)
|
Total accumulative withdrawals of gold from the Dealers inventory this month |
NIL |
Total accumulative withdrawal of gold from the Customer inventory this month |
441,969.7 OZ |
Today: TINY activity at the gold comex AND 1 KILOBAR ENTRY
Today we had 0 dealer DEPOSITS
total dealer deposit: NIL 0z
Today we had 0 dealer withdrawals:
total dealer withdrawals: nil oz
We had 1 customer deposit:
i) Into DELAWARE: 3,864.382 OZ
Total customer deposits: 3,864.382 OZ
Today we had 2 CUSTOMER withdrawals
i) Out of SCOTIA: 8,037.500 OZ 250 KILOBARS
ii) OUT OF MANFRA 160.75 OZ (5 KILOBARS)
Total customer withdrawals 8,198.25 OZ 255 KILOBARS
Today we had 2 adjustments:
i) Out of BRINKS: 868.05 oz (27 KILOBARS) was adjusted out of the dealer and this landed into the customer account of Scotia: (0.027 tonnes)
ii) Out of Delaware: 488.635 oz was adjusted out of the customer and this landed into the dealer account of Delaware
Note: If anybody is holding any gold at the comex, you must be out of your mind!!!
since comex gold storage is unallocated , rest assured any gold stored will be compromised!
Today, 0 notices was 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 66 contracts of which 0 notices was stopped (received) by JPMorgan dealer and 48 notices was stopped (received) by JPMorgan customer account.
To calculate the initial total number of gold ounces standing for the AUGUST contract month, we take the total number of notices filed so far for the month (12,923) x 100 oz or 1,292,300 oz , to which we add the difference between the open interest for the front month of AUGUST (908 CONTRACTS) minus the number of notices served upon today (66) x 100 oz x 100 oz per contract equals 1,376,500 oz, the number of ounces standing in this active month.
Thus the INITIAL standings for gold for the AUGUST contract month:
No of notices served so far (12,923) x 100 oz or ounces + {OI for the front month (908) minus the number of notices served upon today (66) x 100 oz which equals 1,376,500 oz standing in this non active delivery month of AUGUST (42.815 tonnes).
We lost 3 contracts or additional 300 oz will not stand for metal in this active month of August.
Since the comex allows GLD shares to be used for settling, it may take quite a while for the physical gold to enter the comex vaults. So far I have seen little evidence of any settling of contracts but I will continue to monitor it for you.
We now have partial evidence of gold settling for last months deliveries We now have + 6.889 TONNES FOR MAY + 49.09 TONNES FOR JUNE + 21.452 TONNES FOR JULY + 12.3917 + 42.815 tonnes Aug + tonnes (April) +2.2311 tonnes (March) + 7.99 (total Feb)- .940 (probable delivery on March 1) tonnes -.0434 tonnes (March 11,12,17,18) + March 31: 1.2470 and then April 1,2: – .0006 tonnes and last week April 16.3203 and April 22 .(0009 tonnes) + april 29 .205 tonnes + May 5: 3.799 and May 6: 1.607 tonnes –MAY 12 .0003- May 18: 1.5635 tonnes-May 19/ 2.535 tonnes-May 27 .0185 – .024 TONNES MAY 31 -jUNE 4: .5044 ; june 10 -.0008 / June 22:0.48 tonnes /June 23: 0489 tonnes, June 24..018; june 29 .036 tonnes; JUNE 30 2.49 /july 1 1778 tonnes, JULY 28 .089 TONNES / JULY 29 .128 TONNES/ aUG 10// 0.219 TONNES/August 11: .3619 TONNES/ AUG 12/.05878/ aug 17. 6418 tonnes/THEREFORE 91.926 tonnes still standing against 72.789 tonnes available.
Total dealer inventor 2,339,798.107 oz or 72.777 tonnes
Total gold inventory (dealer and customer) =10,999,357.817 or 342.126 tonnes
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 342.126 tonnes for a gain of 39 tonnes over that period.
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.
end
And now for silver
AUGUST INITIAL standings
Silver |
Ounces
|
Withdrawals from Dealers Inventory |
NIL |
Withdrawals from Customer Inventory |
|
Deposits to the Dealer Inventory |
nil
|
Deposits to the Customer Inventory |
|
No of oz served today (contracts) |
0 CONTRACTS
(NIL OZ)
|
No of oz to be served (notices) |
84 contracts
420,000 oz)
|
Total monthly oz silver served (contracts) |
393 contracts (1,965,000 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 |
8,424,966.0 oz |
today we had 0 deposit into the dealer account:
Total dealer deposits; NIL oz
we had 0 dealer withdrawal:
:
total dealer withdrawals: NIL oz
we had 0 customer withdrawals:
Total customer withdrawals: nil oz
total customer deposits: nil oz
we had 1 adjustments
ii) Out of CNT:
we had a transfer of 596,827.980 oz from the customer to the dealer account of CNT
The total number of notices filed today for the AUGUST contract month is represented by 0 contracts for NIL oz. To calculate the number of silver ounces that will stand for delivery in AUGUST., we take the total number of notices filed for the month so far at (393) x 5,000 oz = 1,965,000 oz to which we add the difference between the open interest for the front month of AUGUST (84) 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 AUGUST contract month: 393(notices served so far)x 5000 oz +(84 OI for front month of AUGUST ) -number of notices served upon today (0)x 5000 oz equals 2,385,000 oz of silver standing for the AUGUST contract month.
we neither gained nor lost any silver ounces that will stand for delivery in this non active month of August.
Total dealer silver: 27.042 million (close to record low inventory
Total number of dealer and customer silver: 157.459 million oz (close to a record low)
The total open interest on silver is NOW close to its all time high with the record of 224,540 being set AUGUST 3.2016. The registered silver (dealer silver) is NOW NEAR multi year lows as silver is being drawn out at both dealer and customer levels and heading to China and other destinations. The shear movement of silver into and out of the vaults signify that something is going on in silver.
And now the Gold inventory at the GLD
August 18/a withdrawla of 6.24 tonnes of gold from the gLD/Inventory rests at 955.99 tonness
August 17/no change in gold inventory at the GLD/inventory rests at 962.23 tonnes
August 16/ a deposit of 1.78 tonnes of “paper gold” into the GLD/Inventory rests at 962.23 tonnes
August 15/what a farce!! a huge “paper gold’ withdrawal of 12.17 tonnes/inventory rests at 960.45 tonnes
August 12/no change in gold inventory at the GLD/Inventory rests at 972.62 tonnes
August 11/no changes in gold inventory at the GLD/Inventory rests at 972.62 tonnes
August 10/no changes in GLD/Inventory rests at 972.62 tonnes
August 9/we had a withdrawal of 1.18 tonnes of gold from the GLD inventory/inventory rests at 972.62 tonnes
August 8/a huge changes in the GLD/Inventory, a withdrawal of 6.54 tonnes of paper gold/ rests at 973.80 tonnes of gold/
August 5/ a huge deposit of 10.69 tonnes of gold (with gold down $22.40??)/GLD inventory rests at 980.34 tonnes
August 4/no change in inventory at the GLD/Inventory rests at 969.65 tonnes
August 3/a big deposit of 5.62 tonnes of paper gold/Inventory rests at 969.65 tonnes
August 2/no change in gold inventory at the GLD/Inventory rests at 964.03 tonnes
August 1/we had a huge paper deposit of 5.94 tonnes of gold into the GLD/Inventory rests at 964.03 tonnes
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August 18/ Inventory rests tonight at 955.99 tonnes
Now the SLV Inventory
August 18/ a massive paper deposit of 2.185 million oz into the SLV/Inventory rests at 355.469 million oz
August 17/ we had a huge deposit of 1.519 million oz into the SLV/Inventory rests at 353.284 million oz/
August 16/no change in inventory/rests tonight at 351.765 million oz
August 15./amazing, we have a huge withdrawal in gold and yet nothing moves out of silver: no change in silver inventory at the SLV/Inventory rests at 351.765 million oz.
August 12/no change in silver inventory at the SLV/Inventory rests at 351.765 million oz
August 11/no change in silver inventory at the SLV/Inventory rests at 351.765 oz
August 10/no changes in silver inventory at the SLV/Inventory rests at 351.765 oz
August 9/a deposit of 950,000 oz into the SLV/Inventory rests at 351.765 oz
August 8/no change in silver inventory at the SLV/Inventory rests at 350.815 million oz.
August 4/no change in silver inventory at the SLV/inventory rests at 350.815 million oz
August 3/no change in silver inventory/inventory rests at 350.815 million oz
August 2/ we had a tiny withdrawal of 40,000 oz of silver/Inventory rests at 350.815 million oz
August 1/we had a huge paper deposit of 1.235 million oz into the SLV/Inventory rests at 350.955 million oz
.
August 18.2016: Inventory 355.469 million oz
NPV for Sprott and Central Fund of Canada
1. Central Fund of Canada: traded at Negative 4.7 percent to NAV usa funds and Negative 4.8% to NAV for Cdn funds!!!! (the discount is starting to disappear)
Percentage of fund in gold 59.4%
Percentage of fund in silver:39.4%
cash .+1.2%( August 18/2016).
2. Sprott silver fund (PSLV): Premium falls to +1.11%!!!! NAV (august 18/2016)
3. Sprott gold fund (PHYS): premium to NAV rises TO 0.16% to NAV ( august 18/2016)
Note: Sprott silver trust back into POSITIVE territory at +1.11% /Sprott physical gold trust is back into positive territory at 0.16%/Central fund of Canada’s is still in jail.