Sept 2/Deutsche bank admits it has an obligation to deliver gold in the Xetra case: Looks like a default to me/ECB throws out a trial balloon that they are going to buy stocks as they are running out of bonds/England for second time could not buy all the bonds they wanted/ Chaos continues with the Hanjin bankruptcy protection: retailers want a bailout/USA jobs report less than expected: gold and just about all assets climb/NY ISM business activity index plummets/ USA factory orders falter badly year over year/

Gold:1322.10 up $9.90

Silver 19.28  up 42 cents

In the access market 5:15 pm

Gold: 1324.90

Silver: 19.45

.

The Shanghai fix is at 10:15 pm est and 2:15 am est

The fix for London is at 2 am est (first fix) and 10 am est (second fix)

Thus Shanghai’s second fix corresponds within 15 minutes of London’s first fix.

And now the fix recordings:

First the Shanghai fix Sept 2

Shanghai morning fix (10:15 pm est last night):  $1317.54

(price in NY on access at the exact same time:  $1314.75)

Shanghai afternoon fix:  2: 15 am est (second fix/early this morning):$1316.61 

(New York price at the exact same time: $1311.52 )

 

The two London fixes:

 

First fix:Sept 2 2016 am:$1311.50 (2 am est) vs Shanghai (2:15 am): 1316.61

New York access price as the same time:  1311.25

 Second fix: pm Sept 1:$1324.70 (10 am est)  1324.89 USA gold price at 10 am

 

It seems that Shanghai pricing is higher than the other  two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex

end

For gold:The front September contract month we had a good sized 47 notices filed for 4700 oz

For silver:  the month of September we have a total of 191 notices filed for 955,000 oz

 

Today the spark to propel gold was the lousy jobs report with a gain of 151,000 jobs. the gains were mostly in the minimum wage category like bartenders and waitresses. However what really got the eye of investors was the poor increase in the hourly rate.  We receive a poor NY ISM national business activity index as well as a very poor year over year factory orders.
The fallout on the Deutsche bank gold default is still front page news and getting a lot of attention.  Today Deutsche bank tried to explain to us why they have defaulted.

Let us have a look at the data for today

.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest rose by 430 contracts up to 189,265. The open interest again fell as the silver price was up 24 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .947 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia &ex China). the crooks are doing a great job fleecing unsuspecting longs

In silver we had 191 notices served upon for 955,000 oz

In gold, the total comex gold fell by 2072 contracts as  price of gold ROSE BY $5.30 yesterday . The total gold OI stands at 556,801 contracts

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD

we had no changes  today at the GLD

 

Total gold inventory rest tonight at: 937.89 tonnes of gold

SLV

we had a small change, a withdrawal of 158,000 oz with respect to inventory at the SLV / This most likely will pay for storage and insurance fees/

THE SLV Inventory rests at: 359.585million oz

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver fell by 581 contracts down to 188,835 as the  price of silver ROSE by 24 cents with YESTERDAY’S trading.The gold open interest fell 3,669 contracts down to 554.729 despite the fact that the price of gold ROSE $5.30 IN YESTERDAY’S TRADING.

(report Harvey).

 

2 a) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

Gold/silver trading:  gold/silver jumps after the poor jobs report and poor hourly gains:

(courtesy Bloomberg/Deaux)

2b) FRBNY gold report

(Harvey)

2c) COT report

Harvey

3. ASIAN AFFAIRS

i)Late  THURSDAY night/FRIDAY morning: Shanghai closed UP 4.04 POINTS OR 0.13%/ /Hang Sang closed UP 104.36 points or 0.46%. The Nikkei closed DOWN 1.16 POINTS OR 0.01% Australia’s all ordinaires  CLOSED DOWN 0.79% Chinese yuan (ONSHORE) closed DOWN at 6.6817/Oil ROSE to 43.60 dollars per barrel for WTI and 45.98 for Brent. Stocks in Europe: IN THE GREEN  Offshore yuan trades  6.6942 yuan to the dollar vs 6.6800 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

 none today

b) REPORT ON CHINA

 none today

4 EUROPEAN AFFAIRS

i)Reuters float a trial balloon from the ECB that it will contemplate purchasing ETF’s and/or stocks as they are running out of eligible bonds, something that we warned you about

another good reason to buy gold. They will follow in the footsteps of the SNB and the Bank of Japan:

( zero hedge)

ii)A good outline on the Italian referendum that will be held in either October or November.

The author touches on the huge banking crisis as well as politics involved in the Senate and House.

( John Mauldin/Nick Andrews)

 

iii) I am very happy about this.  We now have our 3rd European nation abandoning the TTIP trade deal.  It should be everyone leaving with the only backer being the USA

(courtesy EuroIntelligence.com)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

none today

6.GLOBAL ISSUES

As we promised you there is chaos on the seas due to the Hanjin bankruptcy protection.  Retailers are now demanding a “bail out”. Containers will probably not get to their destination until 3 or 4 months, and this will totally upset the Christmas holiday shopping season.  Also the ships cannot land and the sailors have only 2 weeks of food.

what a mess…

( zero hedge)

7.OIL ISSUES

1)Putin continues to act like a statesman as he states that Russia would join in a oil production freeze and he also said that he would allow an Iranian exemption, something that Saudi Arabia will not!

( zero hedge)

ii)Crude begins to slide after another USA rig count increase.  The rig counts is now at a 7 month high.  Crude will crater with this increase in production

( zero hedge)

8.EMERGING MARKETS

VENEZUELA

Ultra violent street gangs are thriving in Venezuela. Now citizens are taking to the streets pressuring for a recall referendum against Maduro

(courtesy zero hedge)

9.PHYSICAL STORIES

i)We brought this story to you yesterday.  Last night we were not sure if the problem was Xetra or Deutsche bank.  We can now confirm, the problem is Deutsche bank as they cannot deliver on their gold promises.  What happens with all of the other 100 x gold obligations out there against that one oz of gold

( zero hedge)

ii)The market share for London in global currencies fell for the first time with Asia picking up what London lost( London’s Financial times)

 

iii)The IMF is transparent about its gold sales!!!  Give me a break. They are the most secretive as can be

( Ronan Manly/Bullion Star/GATA)

 

10.USA STORIES WHICH MAY INFLUENCE THE PRICE OF GOLD/SILVER

i)Official report on the FOMC jobs report:  a “big miss”.  It rose by only 151,000. The bigger news was hourly growth disappointed the street by rising only.1 %.  Also the street was expected a drop in the unemployment rate to 4.8% and instead it remained at 4.9%. The number of people not in the labour force increased in 58,000 (that is important)

Next..the real numbers.

( zero hedge)

ii)The most troubling news on the Fed report today was the wage growth and it was negligible. Last month it rose to .3% and the street was expecting .2%.  It got as I indicated above only a .1% gain.  Thus in the aggregate, the average weekly wage declined from $884.08  to $882.54.  This is troubling because the bulk of the growth is in the lower wage bracket and with minimum wage hikes a reality in many states, this will wane as well.

(courtesy zero hedge)

iii)Minimum jobs gain the most..manufacturing jobs disappear.

the highlight as where the August jobs were!

( zerohedge)

 

 

iii b)What would a jobs report be if we didn’t include our favourite entry:  waiters and bartenders.  Well the USA must be really boozed up as they added another 38,000 bartenders last month but lost 14,000 manufacturing jobs.

Since 2014 520 waiters and bartenders have been added to the job scene but lost 13,000 manufacturing jobs.  Janet you are supervising a wonderful economy with top notch jobs.

( zero hedge)

iv) a. trading immediately after the news on FOMC:

Well that escalated quickly:  the rate hike odds for the entire two years drop

( zero hedge)

ivb Which caused the buying of just about everything!

( zero hedge)

v)The July ISM registered 60.7 and now the New York crashed back to 47.5 in August.  This is the NY area business condition index. This confirms all over ISM manufacturing reports

( ISM NY/zerohedge)

vi)Year over year factory orders declined by 3.5%.  This is the longest period of decline in USA history and usually indicates that the USA is in a recession.

(Factory orders/zero hedge)

vii)Mish Shedlock discusses the outraging pharmaceutical costs in the uSA as well as the huge burden Obamacare is having on the middle class.

( Mish Shedlock/Mishtalk)

Let us head over to the comex:

The total gold comex open interest ROSE to an OI level of 556,801 for a GAIN of 2072 contracts as the price of gold ROSE by $5.30 with yesterday’s trading. We are now in the NON active month of SEPTEMBER/

The contract month of Sept saw it’s OI fall by 52 contracts down to 566. We had 84 notices filed yesterday so we GAINED 32 contracts or 3200 additional oz will stand for delivery.  The next delivery month is October and here the OI fell by 468 contracts down to 44,368. This level is extremely high and no doubt many of these will wait it out and take delivery at the end of the month. The next contract month of December showed an increase  of 1940 contracts up to 414,971.The estimated volume today at the comex: 292,579 excellent  Confirmed volume yesterday: 194,194, which is fair.

Today we had  47 notices filed for  4700 oz of gold.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And now for the wild silver comex results.  Total silver OI ROSE by 430 contracts from 188,835 UP TO 189,265 with the rIse in price of silver to the tune of 24 cents yesterday.  We are moving away from the all time record high for silver open interest set on Wednesday August 3:  (224,540).  We are now into the next active month of September and here the OI fell by 304 contracts down to 2199. We had 277 notices filed yesterday so we lost 27 contracts or 135,000 additional oz will not stand for delivery in this active month of September.  The next non active delivery movement of October hardly moved RISING by 1 contract up to 221 contracts.  The next big delivery month will be December and here it rose marginally , up 553 contracts  to 164,319. The volume on the comex today (just comex) came in at 79,437 which is excellent.  The confirmed volume yesterday (comex and globex) was excellent  at  48,292 . Silver is not in backwardation.  London is in backwardation for several months.

today we had 191 notices filed for silver: 955,000 oz

INITIAL standings for SEPTEMBER
 SEPT 2.
Gold
Ounces
Withdrawals from Dealers Inventory in oz   192.90OZ

Brinks

6 kilobars

Withdrawals from Customer Inventory in oz  nil
19,579.35 oz
Scotia, MANFRA
609 kilobars
Deposits to the Dealer Inventory in oz 4,299.81 OZ

BRINKS

Deposits to the Customer Inventory, in oz 
 16,235.75 oz
505 kilobars
BRINKS
No of oz served (contracts) today
47 notices 
4700 oz
No of oz to be served (notices)
519 contracts
(51,000 oz)
Total monthly oz gold served (contracts) so far this month
1904 contracts
190,400 oz
5.922 tonnes
Total accumulative withdrawals  of gold from the Dealers inventory this month   192.90 oz
Total accumulative withdrawal of gold from the Customer inventory this month   22,794.35 oz
Today:  tiny activity at the gold comex AND 3 KILOBAR ENTRIES//
Today we had 1 dealer DEPOSITS
 i) Into Brinks:  4299.81 oz
total dealer deposit: 4299.81   0z
Today we had  0 dealer withdrawal:
total dealer withdrawals:  nil oz
We had 1 customer deposit:
i) Into brinks: 16,235.75 oz  505 kilobars
Total customer deposits:16,235.75   OZ
Today we had 2 CUSTOMER withdrawals
i) Out of Scotia:  19,290.000 oz
600 kilobars
ii) Out of Manfra; 289.35 oz  9 kilobars
Total customer withdrawals 19,579.35  OZ
Today we had 0 adjustment:
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 at the comex will be compromised!
I also urge all of you do not place any option trades at the comex as these gangsters will gun you down.
If you are taking delivery of gold/silver please remove it from comex banks and place it in private vaults 
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 47 contracts of which 0 notices was stopped (received) by JPMorgan dealer and 0 notices was stopped (received)  by JPMorgan customer account. 
To calculate the initial total number of gold ounces standing for the SEPT  contract month, we take the total number of notices filed so far for the month (1904) x 100 oz  or 190,400 oz , to which we  add the difference between the open interest for the front month of SEPT  (566 CONTRACTS) minus the number of notices served upon today (47) x 100 oz   x 100 oz per contract equals 243,100  oz, the number of ounces standing in this NON active month. 
 
Thus the INITIAL standings for gold for the SEPT contract month:
No of notices served so far (1904) x 100 oz  or ounces + {OI for the front month (56) minus the number of  notices served upon today (47) x 100 oz which equals 242,300 oz standing in this non  active delivery month of SEPT  (7.536 tonnes).
we gained back 32 contracts or an additional 3200 oz will stand. We are almost back to our original standings on first day notice.
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 + 44.348 tonnes Aug +7.536  tonnes SEPT, (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, aug 23: .1756 tonnes/aug 25.2115/aug 26: 1.3530/ AUG 29 .126 TONNES/THEREFORE 99.065 tonnes still standing against 76.38 tonnes available.
 Total dealer inventor 2,455,791.642 or 76.38 tonnes
Total gold inventory (dealer and customer) =10,933,828.789 or 340.08 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 340.08 tonnes for a  gain of 37  tonnes over that period. 
Ladies and Gentlemen:  the comex is beginning to lose some of its gold.
 

THE GOLD COMEX IS AN ABSOLUTE FRAUD. THE USE OF KILOBARS AND EXACT WEIGHTS MAKES THE DATA TOTALLY ABSURD AND FRAUDULENT!!

To me, the only thing that makes sense is the fact that “kilobars” are entries 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
 
SEPT INITIAL standings
 SEPT 2.2016
Inventory movements not available today from the CME/
Silver
Ounces
Withdrawals from Dealers Inventory NIL
Withdrawals from Customer Inventory
1,868,592.85 oz
CNT
Scotia
Deposits to the Dealer Inventory
 600,007.600 OZ
CNT
Deposits to the Customer Inventoryxxx
 579,400.200 oz
CNT
HSBC
No of oz served today (contracts)
191 CONTRACTS
(955,000 OZ)
No of oz to be served (notices)
2008 contracts
(10,040,000 oz)
Total monthly oz silver served (contracts) 725 contracts (3,625,000 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  1,914,290.3 oz
today we had 1 deposit into the dealer account:
 i) into CNT: 600,007.600 oz
 Total dealer deposits;  600,007.600 oz
we had 0 dealer withdrawal:
:
total dealer withdrawals:  NIL oz
we had 2 customer withdrawal:
i) out of Scotia:  655,601.67 oz
ii) out of CNT: 1,212,991.18 oz
Total customer withdrawals: 1,868,592.85  oz
We had 2 customer deposit:
i) Into CNT: 1033.900 oz
ii) Into HSBC: 578,366.300
total customer deposits:  579.400.200   oz
 
 
 
 we had 1 adjustments
Brinks:
We had a small transfer, 3024.47 oz from the customer Brinks into the dealer brinks
The total number of notices filed today for the SEPT contract month is represented by 191 contract for 955,000 oz. To calculate the number of silver ounces that will stand for delivery in SEPT., we take the total number of notices filed for the month so far at (725) x 5,000 oz  = 3,625,000 oz to which we add the difference between the open interest for the front month of SEPT (2199) and the number of notices served upon today (191) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the SEPT contract month:  725(notices served so far)x 5000 oz +(2199 OI for front month of SEPT ) -number of notices served upon today (191)x 5000 oz  equals  13,665,000 oz  of silver standing for the SEPT contract month.
we lost 27 contracts or an additional 135,000 will not stand as these guys were bought out for cash plus a fiat bonus.
 
Total dealer silver:  27.622 million (close to record low inventory  
Total number of dealer and customer silver:   162.231 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.
end
At 3:30 pm we receive the COT report which gives up position levels of our major players
First gold COT:
Gold COT Report – Futures
Large Speculators Commercial Total
Long Short Spreading Long Short Long Short
340,586 64,245 54,292 109,854 411,067 504,732 529,604
Change from Prior Reporting Period
-19,199 -931 1,471 1,283 -14,979 -16,445 -14,439
Traders
186 102 84 49 59 276 208
 
Small Speculators  
Long Short Open Interest  
53,666 28,794 558,398  
1,870 -136 -14,575  
non reportable positions Change from the previous reporting period
COT Gold Report – Positions as of Tuesday, August 30, 2016
Our large specs:
Those large specs that have been long in gold pitched a huge 19,199 contracts and thus got fleeced again.  Serves you right for playing with crooks.
Our large specs who have been short in gold covered 931 contracts from their shorts.
Our commercials:
Those commercials that have been long in gold added 1283 contracts to their long side
those commercials that have been short in gold covered a huge 14,979 contracts from their short side and another successful fleecing of the longs.
Our small specs:
Those small specs that have been long in gold added 1870 contracts to their long side
Those small specs that have been short in gold covered a tiny 136 contracts.
Conclusion: commercials go net long by 16,262 which is very bullish
And now for our silver COT:
Silver COT Report: Futures
Large Speculators Commercial
Long Short Spreading Long Short
114,230 29,876 7,433 44,378 140,056
-4,126 -5,277 -4,950 -3,224 -5,615
Traders
116 53 33 33 37
Small Speculators Open Interest Total
Long Short 189,416 Long Short
23,375 12,051 166,041 177,365
-4,548 -1,006 -16,848 -12,300 -15,842
non reportable positions Positions as of: 163 111
Tuesday, August 30, 2016   © SilverS
Our large specs:
Those large specs that have been long in silver covered 4126 contracts from their long side
Those large specs that have been short in silver covered 5277 contracts from their short side.
Our commercials:
Those commercials that have been long in silver pitched 3224 contracts from their long side
Those commercials that have been short in silver covered 5615 contracts from their short side.
Our small specs:
Those small specs that have been long in silver pitched 4548 contracts from their long side
Those small specs that have been short in silver covered 1006 contracts from their short side.
 Conclusions:  commercials go net long by only 2391.  They are having trouble getting out of their short positions.
end
 
And now the Gold inventory at the GLD
Sept 2/no change in inventory at the GLD/Inventory rests at 937.89 tonnes
SEPT 1/another montrous withdrawal of 5.34 tonnes/Inventory rests at 937.89 tonnes
August 31/ a monstrous 13.36 tonnes of gold leaves the GLD/inventory rests at 943.23 tonnes
august 30/no change at the GLD/Inventory rests at 956.59 tonnes
August 29/no changes at the GLD/Inventory rests at 956.59 tonnes
August 26./no changes at the GLD/inventory rests at 956.59 tonnes
August 25/a withdrawal of 1.78 tonnes at the GLD/Inventory rests at 956.59 tones
August 24/NO CHANGE  in gold inventory at the GLD/inventory restsw at 958.37 tonnes
August 23/no change in gold inventory at the GLD/Inventory rests at 958.37 tonnes
August 22/ a deposit of 2.38 tonnes of gold into the GLD/Inventory rests at 958.37 tonnes
August 19/no changes at the GLD/inventory resets at 955.99 tonnes
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
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
SEPT 2/ Inventory rests tonight at 937.89 tonnes

end

Now the SLV Inventory
Sept 2/a small withdrawal of 158,000 oz at the SLV probably to pay for fees/Inventor  rests at 359.585 million oz.
SEPT 1/no change in inventory at the SLV/Inventory rests at 359.743 million oz/
August 31/we had a monstrous addition of 1.899 million oz into the SLV/this would be a paper addition/inventory rests at 359.743 million oz//why the difference in gold and silver: one reduces dramatically and the other increases dramatically
August 30/no change in silver inventory/inventory rests at 357.844 million oz/
August 29/we had a good sized deposit of 950,000 oz at the SLV/Inventory rests at 357.844 million oz/
August 26/no change in silver inventory at the SLV/Inventory rests at 356.894 million oz
August 25/a withdrawal of 1.899 million oz from the SLV/Inventory rests at 356.894 million oz
August 24/no change in silver inventory at the SLV/Inventory rests at 358.793 million oz
August 23/no change in silver inventory at the SLV/Inventory rests at 358.793 million oz.
August 22/a huge addition of 3.324 million oz into the SLV/Inventory rests at 358.793 million oz
August 19/no change in silver SLV/Inventory rests at 355.469 million oz/
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
.
SEPT 2.2016: Inventory 359.585 million oz

NPV for Sprott and Central Fund of Canada

1. Central Fund of Canada: traded at Negative 3.4 percent to NAV usa funds and Negative 3.3% to NAV for Cdn funds!!!!  (the discount is starting to disappear)
Percentage of fund in gold 60.2%
Percentage of fund in silver:38.6%
cash .+1.2%( SEPT 2/2016).
2. Sprott silver fund (PSLV): Premium rises to +0.42%!!!! NAV (SEPT 2/2016) 
3. Sprott gold fund (PHYS): premium to NAV  rises TO  0.67% to NAV  ( SEPT 2/2016)
Note: Sprott silver trust back  into POSITIVE territory at +0.42% /Sprott physical gold trust is back into positive territory at 0.67%/Central fund of Canada’s is still in jail.
 
 
 

end

 

Federal Bank of New York/Earmarked gold report on how much gold leaves NY.

Reading last month:  7910.00 million dollars worth of gold at $42.22 oz

Reading this month:  7883 million dollars worth of gold at $42.22 per oz

Total amount of gold leaving the shores of NY;  27 million dollars worth at $42.22 per oz

In oz:  639,507 oz

In  tonnages:  19.89 tonnes

Last month: 30 tonnes

Since Germany is the only one official nation to ask for its gold back, you can safely say that it is this nation who is repatriating their gold to their shores.

 

end

And now your overnight trading in gold,FRIDAY MORNING and also physical stories that may interest you:

Trading in gold and silver overnight in Asia and Europe
Mark O’Byrne/David Russell
Big story today!
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