Dec 29/Toshiba brings a bloodbath in Toyko as it has fallen 50% in 3 days and this time it has taken two banks with them/Italian government furious with the ECB for revealing a run on the Monte dei Paschi and other Italian banks/Michael Snyder comments on what to expect with the meeting on Jan 15/2017 where 70 nations may rubber stamp Kerry’s blueprint for a two state solution inside Israel: he expects utter chaos!/More chaos in India has the demonetization has failed: so he will try something new/The high USA dollar causes the trade deficit to soar to 65 billion USA/Obama unleashes sanctions against Russia and provides “proof”. Russia laughs/

Gold at (1:30 am est) $1156.40 UP $17.00

silver  at $16.16:  UP 17 cents

Access market prices:

Gold: $1158.40

Silver: $16.18

THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON

.

The Shanghai fix is at 10:15 pm est last night and 2:15 am est early this morning

The fix for London is at 5:30  am est (first fix) and 10 am est (second fix)

Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.

And now the fix recordings:

THURSDAY gold fix Shanghai

Shanghai morning fix Dec 29 (10:15 pm est last night): $  1161.18

NY ACCESS PRICE: $1141.90 (AT THE EXACT SAME TIME)/premium $14.93

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Shanghai afternoon fix:  2: 15 am est (second fix/early  morning):$   1160.85

NY ACCESS PRICE: $1148.85 (AT THE EXACT SAME TIME/2:15 am)

HUGE SPREAD 2ND FIX TODAY!!:  $12.00

China rejects NY pricing of gold  as a fraud/arbitrage will now commence fully

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

London Fix: Dec 29: 5:30 am est:  $.1145.90   (NY: same time:  $1146.50    5:30AM)

London Second fix Dec 29: 10 am est:  $1145.80 (NY same time: $1138.60 ???    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.

Also why would mining companies hand in their gold to the comex and receive constantly lower prices.  They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.

end

For comex gold: 

NOTICES FILINGS FOR DECEMBER CONTRACT MONTH:  413 NOTICE(S) FOR 41,300 OZ.  TOTAL NOTICES SO FAR: 9578 FOR 957,800 OZ    (29.791 TONNES)

For silver:

 NOTICES FOR DECEMBER CONTRACT MONTH FOR SILVER: 174 NOTICE(s) FOR 870,000  OZ. TOTAL NUMBER OF NOTICES FILED SO FAR; 3980 FOR 19,990,000 OZ

Let us have a look at the data for today

.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest ROSE by 466 contracts UP to 163,543 with respect to YESTERDAY’S TRADING.    In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. .818 BILLION TO BE EXACT or 117% of annual global silver production (ex Russia & ex China).

FOR THE DECEMBER FRONT MONTH:  174 NOTICES FILED FOR 870,000  OZ.

In gold, the total comex gold ROSE BY 3,753 contracts WITH THE RISE IN  THE PRICE GOLD ($2.10 with YESTERDAY’S trading ).The total gold OI stands at 405,266 contracts.

we had 413 notice(s) filed upon for 41,300 oz of gold.

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

GLD:

We had no  changes in tonnes of gold at the GLD,

Inventory rests tonight: 823.36 tonnes

.

SLV

we had n0 changes in silver into the SLV

THE SLV Inventory rests at: 341.348 million oz

.

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

1. Today, we had the open interest in silver ROSE by 466 contracts UP to 163,543 as the price of silver ROSE by  $0.06 with YESTERDAY’S trading. The gold open interest ROSE by 3,753 contracts UP to 405,266 as the price of gold ROSE BY $2.10 WITH YESTERDAY’S TRADING.

(report Harvey).

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

3. ASIAN AFFAIRS

i)Late  WEDNESDAY night/THURSDAY morning: Shanghai closed DOWN 4.12 POINTS OR 0.12%/ /Hang Sang closed UP 36.17 OR .17%. The Nikkei closed DOWN 256.58 OR 1.32% /Australia’s all ordinaires  CLOSED UP 0.25%/Chinese yuan (ONSHORE) closed UP at 6.9555/Oil FELL to 53.98 dollars per barrel for WTI and 56.42 for Brent. Stocks in Europe: ALL IN THE RED .  Offshore yuan trades  6.9734 yuan to the dollar vs 6.9555  for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE NARROWS A BIT AS  MORE USA DOLLARS ARE ATTEMPTING TO  LEAVE CHINA’S SHORES /

REPORT ON JAPAN  SOUTH KOREA NORTH KOREA AND CHINA

3a)THAILAND/SOUTH KOREA

none today

b) REPORT ON JAPAN

i)Bloodbath in Japan as Toshiba crashes again, and in 3 days it is down 50% However last night, they took some banks with them as contagion concerns slams the Japanese markets

( zero hedge)

c) REPORT ON CHINA

i)With China facing currency and illiquidity concerns, an ex POBC official urges that it is now time for the “nuclear option”  i.e. a full one stop devaluation of the yuan against the dollar. Remember of Jan 1, 2017, the 50,000 usa cash limit withdrawal begins again.  Also remember that the Chinese New Year begins next month and always that signals huge withdrawal of USA dollars.

( zero hedge)

ii)The following will have no real effect on China’s foreign exchange policy due to the fact that much of China’s debt is denominated in USA dollars.  However it is a desperate attempt to project an image of yuan stability:

( zero hedge)

 

4 EUROPEAN AFFAIRS

What a joke:  the Government of Italy slams the ECB for revealing that it has a bank run problem

( zero hedge)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

i)Syria has its ceasefire deal as 62,000 opposition fighters sign for it and it is to take effect on Dec 30 at midnight.  The USA is not invited to the agreement except that once Donald takes office he may join.  What a slap in the face to the USA and the UN who couldn’t come close to a deal for the past several years.

( zero hedge)

ii)Michael Snyder lays out perfectly what may happen on Jan 15.2017 when 70 nations gather in Paris to see if they can create a framework for a two state system in Israel.

(courtesy Michael Snyder/EconomicCollapse Blog)

6.GLOBAL ISSUES

India

Chaos strikes India.  Of the 15.3 trillion rupees issued of our two demonitized notes, 14 trillion has already been handed in.  The government expected 5 trillion would remain outstanding and not to be returned for fear of tax evasion.  It seems that the government guessed wrong, but Modi, not to be undone, it contemplating more harsh measures which will further kill his country.  He is one complete moron

(courtesy zero hedge)

7. OIL ISSUES

Both API and DOE report bigger inventory builds but USA production dipped very modestly

( zero hedge)

8. EMERGING MARKETS

none today

9.   PHYSICAL MARKETS

i)The following is a must read although very long.  Basically Brodsky, an extremely talented economist is stating that the uSA is raising rates to strengthen the dollar which will cause a flow of those dollars into USA banks.  This will help maintain USA hegemony when the leverage breaks and a reset is called upon

a must read…

( Paul Brodsky/GATA)

ii)A comprehensive look at physical gold movements.  First China SGE withdrawals total 214 tonnes or averaging 53.5 tonnes per week which is huge demand.  Russia added 32 tonnes of gold to its official reserves and they will end the year adding 200 tonnes.  What is also noteworthy is that we now have a complete reversal where now England is the next exporter of gold to Switzerland. Switzerland supplies China with monetary and non monetary gold. Also note the good importation of gold into India in November despite Modi’s moves to stop the accumulation of gold by its citizens.

( Ronan Manly/Bullionstar)

iii)The Shanghai gold exchange limits the amount of gold to be purchased per day trying to curb manipulation:

( Reuters/GATA)

10.USA STORIES

i)Strange:  continuing jobless claims soar the most since 2009 right after the Trump election.
( zero hedge)

ii)Obama is set to announce retaliation against Russia for the “hacking” into the Democratic Party computers during the Presidential election

( zero hedge/two commentaries)

iib) As promised the USA announces sanctions against Russia.  They expel 35 diplomats for the election hacking plus sanctions against Russian entities

We now await Mr Putin’s turn to retaliate:

( zero hedge)

iic) That did not take long: Russia responds to the sanctions:

( zero hedge)

iid) The FBI provides no proof on the Russian hacking.  If this is all they have, then Putin will be laughing all night;

( zero hedge)_

iie)The Russian Embassy in the UK mock Obama:

“Lame Duck President”

(courtesy zero hedge)

iii)The soaring dollar hits the uSA trade deficit right in the nose as it rose from a huge 61.9 billion deficit to 65.3 billion in November.  This should automatically lower 4th quarter estimation down .2- .4%.  The Atlanta Fed’s last estimation of 4th quarter GDP was 2.5% growth

( zero hedge)

Let us head over to the comex:

The total gold comex open interest ROSE BY 3,753 CONTRACTS UP to an OI level of 405,266 AS THE  PRICE OF GOLD ROSE $2.10 with YESTERDAY’S trading. We are now in the contract month of December and it is the biggest of the year. Here the front month of December showed a DECREASE of 83 contracts DOWN to 413. We had 38 notice(s) served upon yesterday so we LOST 45 contracts 4500 oz will not stand for delivery and no doubt were bought out for cash plus a fiat bonus.

For the next delivery month of January we had a loss of 346 contracts down to 1284. For the next big active delivery month of February we had a GAIN of 1,921 contracts UP to 272,718.

 

We had 413 notice(s) filed upon today for 41300 oz

First day notice for the January gold contract is tomorrow, Dec 30.

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And now for the wild silver comex results.  Total silver OI ROSE by 466 contracts FROM  163,097 UP TO 163,543 AS the price of silver ROSE BY $0.06 with YESTERDAY’S trading. We are moving  further from the all time record high for silver open interest set on Wednesday August 3/2016:  (224,540). We are now in the next major delivery month of December and here it FELL BY 41 contracts DOWN to 174 CONTRACTS . We had 19 notices served upon yesterday so we LOST 22 SILVER CONTRACTS OR AN ADDITIONAL 110,000 OZ THAT WILL NOT STAND FOR DELIVERY IN THIS ACTIVE MONTH OF DECEMBER.

The next non active delivery month is January and here the OI FELL by 205 contracts DOWN to 758.

The next big active delivery month is March and here the OI ROSE by 687 contracts UP to 133,387 contracts.

We had 174 notices filed for 870,000 oz for the December contract.

First day notice for the January silver contract is tomorrow Dec 30.2016.

Eventually at the end of December 2015: 6.4512 tonnes of gold stood for delivery

Eventually at the end of December 2015: 18.84 million oz of silver stood for delivery

VOLUMES: for the gold comex

Today the estimated volume was 68,991  contracts which is awful.

Yesterday’s confirmed volume was 118,841 contracts  which is awful

Initial standings for DECEMBER
 Dec 29.
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 3,761.58 oz
Scotia
Brinks
(incl 92 kilobars Scotia)
Deposits to the Dealer Inventory in oz 1093.32 oz

Brinks

Deposits to the Customer Inventory, in oz 
  69,986.21 oz
International services of Delaware
No of oz served (contracts) today
 
413 notice(s)
41,300 oz
No of oz to be served (notices)
0 contracts
NIL oz
Total monthly oz gold served (contracts) so far this month
9578 notices
957,800 oz
29.791 tonnes
Total accumulative withdrawals  of gold from the Dealers inventory this month   nil oz
Total accumulative withdrawal of gold from the Customer inventory this month     4,475,021.1 oz
Today we HAD 1 kilobar transactions/
Today we had 1 deposit(s) into the dealer:
 i) Into Brinks:  1,093.32 oz
total dealer deposits:  1093.32  oz
We had nil dealer withdrawals:
total dealer withdrawals:  nil oz
we had 1 customer deposit(s):
 i)Into International Services of  Delaware;  69,986.21 oz
total customer deposits; 69,986.21 oz
We had 2 customer withdrawal(s)
i) out of Scotia: 2957.800 oz (92 kilobars)
ii) Out of Brinks: 803.78 oz
total customer withdrawal: 3,761.58 oz
We had 3  adjustment(s)
i) Out of Brinks:  12,345.98 oz was transferred from the dealer account into the customer account of Brinks
ii) Out of HSBC: 4147 oz was transferred out of the dealer account and this landed into the customer account of HSBC
iii) Out of Scotia; 59,847.756 oz was transferred out of the dealer and this landed into the customer account of Scotia
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

For December:

Today, 0 notice(s) were issued from JPMorgan dealer account and 401 notices were issued from their client or customer account. The total of all issuance by all participants equates to 413 contract(s)  of which 42 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.

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To calculate the initial total number of gold ounces standing for the DECEMBER. contract month, we take the total number of notices filed so far for the month (9578) x 100 oz or 957,800 oz, to which we add the difference between the open interest for the front month of DEC (413 contracts) minus the number of notices served upon today (413) x 100 oz per contract equals 957,800 oz, the number of ounces standing in this non  active month of DECEMBER.
 
Thus the INITIAL standings for gold for the DEC contract month:
No of notices served so far (9578) x 100 oz  or ounces + {OI for the front month (496) minus the number of  notices served upon today (413) x 100 oz which equals 962,900 oz standing in this non active delivery month of DEC  (29.931 tonnes)
WE LOST 45  CONTRACTS OR AN ADDITIONAL 4500 OZ OF GOLD WILL NOT STAND FOR DELIVERY.
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I have now gone over all of the final deliveries for this year and it is startling.
First of all:  in 2015 for the 12 months: 51 tonnes delivered upon for an average of 4.25 tonnes per month.
Here are the final deliveries for 2016:
Jan 2016:  .5349 tonnes  (Jan is a non delivery month)
Feb 2015:  7.9876 tonnes (Feb is a delivery month/deliveries this month very low)
March 2015: 2.311 tonnes (March is a non delivery month)
April:  12.3917 tonnes (April is a delivery month/levels on the low side
And then something happens and from May forward deliveries boom!
May; 6.889 tonnes (May is a non delivery month)
June; 48.552 tonnes ( June is a very big delivery month and in the end deliveries were huge)
July: 21.452 tonnes (July is a non delivery month and generally a poor one/not this time!)
August: 44.358 tonnes (August is a good delivery month and it came to fruition)
Sept:  8.4167 tonnes (Sept is a non delivery month)
Oct; 30.407 tonnes complete.
Nov.    8.3950 tonnes.
DEC.   29.931 tonnes
total for the 12 months;  222.358 tonnes
average 18.520 tonnes per month vs last yr 51 tonnes total for 12 months or 4.25 tonnes average per month. From May 2016 until Dec 2016 we have had: 198.157 tonnes per the 8 months or 24.769 tonnes per month (which includes the non delivery months of May, June and Sept).  In essence the demand for gold is skyrocketing.
Something big is going on inside the gold comex.
Just take a look at Nov 2016 deliveries at 8.3950 tonnes compared to last yr 0.6656 tonnes
December so far:  29.791 tonnes are standing vs last year’s  24 tonnes on first day notice and 6.45 tonnes on the completion of it’s delivery month.
Total dealer inventor 1,568,121.556 or 48.885 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 9,106,641.397 or 283.25 tonnes 
 
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 283.25 tonnes for a  loss of 20  tonnes over that period.  Since August 8/2016 we have lost 71 tonnes leaving the comex. However I am including kilobar transactions and they are very suspect at best
I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process  and are being used in the raiding of 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 of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction.  This would be similar to the rehypothecated gold used by Jon Corzine at MF Global.
 
IN THE LAST 4 1/2 MONTHS  71 NET TONNES HAS LEFT THE COMEX.
end
And now for silver
AND NOW THE DECEMBER DELIVERY MONTH
DECEMBER INITIAL standings
 Dec 29. 2016
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 60,173.02 0z
Scotia
Deposits to the Dealer Inventory
  nil OZ
Deposits to the Customer Inventory 
nil oz
No of oz served today (contracts)
174 CONTRACT(S)
(870,000 OZ)
No of oz to be served (notices)
0 contracts
(NIL  oz)
Total monthly oz silver served (contracts) 3980 contracts (19,900,000 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  3,750,168.4 oz
 END
today, we had 0 deposit(s) into the dealer account:
total dealer deposit: nil oz
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
we had 1 customer withdrawal(s):
i) Out of Scotia:  60,173.02 oz
TOTAL CUSTOMER WITHDRAWALS: 60,173.02 oz
 we had 0 customer deposit(s):
total customer deposits;  nil  oz
 
 
 we had 3 major adjustment(s)
i) Out of CNT: 3,292,373.5 oz was adjusted out of the dealer and this landed into the customer account of CNT
ii) Out of HSBC: 2,776,043.35 oz was adjusted out of the dealer account and this landed into the customer account of HSBC
iii) Out of Scotia; 1,752,487.171 oz was adjusted out of the dealer and this landed into the customer account of Scotia:
(total removal from dealer: 7,8290,899.022 oz)
The total number of notices filed today for the DEC. contract month is represented by 174 contracts for 870,000 oz. To calculate the number of silver ounces that will stand for delivery in DEC., we take the total number of notices filed for the month so far at  3980 x 5,000 oz  = 19,900,000 oz to which we add the difference between the open interest for the front month of DEC (174) and the number of notices served upon today (174) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the DEC contract month:  3980(notices served so far)x 5000 oz +(174) OI for front month of DEC. ) -number of notices served upon today (174)x 5000 oz  equals  19,900,000 oz  of silver standing for the DEC contract month.
we LOST 22 contracts or an additional 110,000 oz will NOT stand for delivery in this active delivery month of December.
Volumes: for silver comex
Today the estimated volume was 231,306 which is AWFUL
YESTERDAY’S  confirmed volume was 34,983 contracts  which is fair.
 
Total dealer silver:  28.387 million (close to record low inventory  
Total number of dealer and customer silver:   183.465 million oz
The total open interest on silver is NOW moving away from  its all time high with the record of 224,540 being set AUGUST 3.2016.

end

And now the Gold inventory at the GLD
Dec 29/no changes in gold inventory at the GLD/Inventory rests at  823.36 tonnes
Dec 28/no change in gold tonnage at the GLD/inventory rests at 823.36 tonnes
Dec 27/a withdrawal of 1.18 tonnes from the GLD/Inventory rests at 823.36 tonnes
Dec 23/NO CHANGES IN GOLD INVENTORY AT THE GLD/RESTS TONIGHT AT 824.54 TONNES
Dec 22/no change in inventory at the GLD/Inventory rests at 824.54 tonnes
DEC 21/another massive 3.56 tonnes leaves the GLD/Inventory rests at 824.54 tonnes
Dec 20/no changes in gold inventory at the GLD/Inventory rests at 828.10 tonnes
Dec 19/A MASSIVE WITHDRAWAL OF 14.23 TONNES OF GOLD FROM THE GLD (WITH GOLD UP THESE PAST TWO TRADING SESSIONS)/INVENTORY RESTS TONIGHT AT 828.10 TONNES
Dec 16/no changes at the GLD/Inventory rests at 842.33 tonnes
Dec 15/ANOTHER HUGE WITHDRAWAL OF 7.11 TONNES OF GOLD/INVENTORY RESTS AT 842.33 TONNES
DEC 14/another huge withdrawal of 6.82 tonnes from the GLD/Inventory rests at 849.44 tonnes/
DEC 13/no changes in gold inventory at the GLD/Inventory rests at 856.26 tonnes
Dec 12/a withdrawal of 1.19 tonnes of gold from the GLD/Inventory rests at 856.26 tonnes
Dec 9/another huge withdrawal of 3.26 tonnes of gold leaves the GLD vaults on its way to Shanghai/Inventory rests this weekend at 857.45 tonnes
Dec 8/ANOTHER HUGE WITHDRAWAL OF 2.96 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 860.71 TONNES (THIS GOLD IS HEADING TO SHANGHAI)
DEC 7/ a huge change in gold inventory/a withdrawal of 6.23 tonnesas this gold is heading towards Shanghai/inventory rests at 863.67 tonnes
Dec 6/no changes in gold inventory/inventory rests at 869.92 tonnes.
Dec 5./ a tiny withdrawal of .32 tonnes and this is probably to pay for fees/inventory rests tonight at 869.92 tonnes
Dec 2/a huge withdrawal of 13.64 tonnes of gold leaving the GLD vaults/no doubt this is heading to Shanghai taking advantage of the huge premium/inventory rests tonight at 870.22 tonnes
Dec 1/no change in gold inventory at the GLD/Inventory rests at 883.86 tonnes
NOV 30/A SMALL WITHDRAWAL OF 1.18 TONNES FROM THE GLD/INVENTORY RESTS AT 883.86 TONNES/MAYBE THEY ARE AT THE BOTTOM OF THE BARREL FOR PHYSICAL GOLD TO TRANSFER TO THE BANKERS.
Nov 29/no changes in gold inventory at the GLD/inventory rests at 885.04 tonnes
Nov 28/no change in gold inventory at the GLD/Inventory rests at 885.04 tonnes
Nov 25 We had a massive 19.87 tonnes of gold leave the GLD/this would be a paper loss not real gold (they only have paper gold in their inventory/total inventory: 885.04 tonnes
Nov 23/a huge withdrawal of paper gold from the GLD equal to 4.66 tonnes/inventory rests at 904.91 tonnes
NOV 22/no changes at the GLD/Inventory rests at 908.76 tonnes
Nov 21/A MASSIVE 11.87 TONNES OF PAPER GOLD WERE SUPPLIED BY THE CROOKS TO SUPPRESS THE PRICE OF GOLD/INVENTORY RESTS AT 908.76 TONNES/ AND GOLD RISES???
Nov 18/no changes at the GLD/Inventory rests at 920.63 tonnes
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Dec 29/ Inventory rests tonight at 823.36 tonnes
*IN LAST 60 TRADING DAYS: 126.45 TONNES REMOVED FROM THE GLD
*LAST 6 TRADING DAYS: 1.18 TONNES HAVE LEFT

end

Now the SLV Inventory
Dec 29/no changes in silver inventory at the SLV/Inventory rests at 341.348 million oz
Dec 28/no changes in silver inventory at the SLV/Inventory at 341.348 million oz/
Dec 27/a big deposit of 1.138 million oz/Inventory rests at 341.348 million oz
Dec 23/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 340.210 MILLION OZ/
Dec 22/WE HAD A SMALL DEPOSIT OF 948,000 OZ INTO THE SLV/INVENTORY RESTS AT 340.210 MILLION OZ/
DEC 21/no change in silver inventory at the SLV/Inventory rests at 339.262 million oz
Dec 20/a small withdrawal of 758,000 oz/inventory rests at 339.262 tonnes
Dec 19A HUGE DEPOSIT OF 1.327 MILLION OZ INTO THE SLV/INVENTORY RESTS AT 340.020 MILLION OZ
Dec 16/A HUGE WITHDRAWAL OF 2.37 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 338.693 MILLION OZ/
Dec 15/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 341.063 MILLION OZ/
Dec 14.no change in inventory at the SLV/Inventory rests at 341.063 million oz/
DEC 13/ a huge withdrawal of 1.802 million oz from the SLV/Inventory rests at 341.063 million oz
Dec 12/no change in silver inventory/inventory rests at 342.865 million oz/
Dec 9/no change in silver inventory/inventory rests at 342.865 million oz/
Dec 8/a huge withdrawal of 3.09 million oz from the SLV/Inventory rests at 342.865 million oz
DEC7/no changes in silver inventory at the SLV/Inventory rests at 345.995 million oz/
Dec 6/no changes in silver inventory at the SLV/inventory rests at 345.995 million oz
Dec 5/no changes in silver inventory at the SLV/inventory rests at 345.995 million oz/
Dec 2 a tiny withdrawal of 155,000 oz and this is probably to pay for fees/inventory rests at 345.995 million oz/
Dec 1/no changes in silver inventory at the SLV/inventory rests at 346.150 million oz/
NOV 30/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 346.150 MILLION OZ
Nov 29/no changes in silver inventory /inventory rests tonight at 346.150 million oz/
Nov 28/no change in silver inventory/inventory rests tonight at 346.150 million oz/
Nov 25/we had another withdrawal of 949,000 oz from the SLV/Inventory rests at 346.150 million oz
Nov 23/A HUGE WITHDRAWAL OF 3.083 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 347.099 MILLION OZ
NOV 22/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 350.182 MILLION OZ
Nov 21/a MASSIVE 6.071 MILLION OZ OF SILVER WITHDRAWN FROM THE SLV VAULTS/INVENTORY RESTS AT 350.182 MILLION OZ/AND SILVER HOLDS IN PRICE???
Nov 18/no changes in silver inventory at the SLV/Inventory rests at 356.253 million oz
.
Dec 29.2016: Inventory 341.348  million oz
 end

NPV for Sprott and Central Fund of Canada

1. Central Fund of Canada: traded at Negative 7.1 percent to NAV usa funds and Negative 7.0% to NAV for Cdn funds!!!! 
Percentage of fund in gold 61.0%
Percentage of fund in silver:38.7%
cash .+0.3%( Dec 29/2016) 
.
2. Sprott silver fund (PSLV): Premium RISES to +.13%!!!! NAV (Dec 29/2016) 
3. Sprott gold fund (PHYS): premium to NAV FALLS TO – 0.85% to NAV  ( Dec 29/2016)
Note: Sprott silver trust back  into POSITIVE territory at +0.13% /Sprott physical gold trust is back into NEGATIVE territory at -0.85%/Central fund of Canada’s is still in jail.
 

end

Major gold/silver stories for THURSDAY

GOLDCORE/BLOG/MARK O’BYRNE

Holiday will be back tomorrow

end

 

The following is a must read although very long.  Basically Brodsky, an extremely talented economist is stating that the uSA is raising rates to strengthen the dollar which will cause a flow of those dollars into USA banks.  This will help maintain USA hegemony when the leverage breaks and a reset is called upon

 

a must read…

 

(courtesy Paul Brodsky/GATA)

Paul Brodsky: Fed gooses dollar to gain control over worldwide monetary reset

Section:

9:30p ET Wednesday, December 28, 2016

Dear Friend of GATA and Gold:

The economist Paul Brodsky of market analysis firm Macro-Allocation Inc. in Tampa, Florida, writes this week that the Federal Reserve is strengthening the dollar, despite its deflationary influence, so that the central bank can draw more capital to U.S. banks and asset markets in preparation for hyperinflation and a worldwide monetary reset, which the Fed will be more able to control if more wealth is held in dollars and assets denominated in dollars.

In a paper headlined “It’s the Dollar, Stupid!,” posted tonight at Zero Hedge, Brodsky writes:

“This is not the first time the Fed has had to actively increase the exchange value of the dollar. Paul Volcker’s Fed had to hike overnight rates to 20 percent in 1980-81 so the dollar would be reaffirmed as a store of global value for U.S. trading partners, including OPEC.

“We believe the Fed is doing the same today, in spite of its de-stimulative impact, because it wants to attract global capital to U.S. banks and asset markets. Doing so would ensure U.S. dollar hegemony, which would be necessary if and when global leverage leads to hyperinflation and multilateral trade and currency wars.

“Once substantial wealth is held in dollars and dollar-denominated assets, the U.S. political dimension and the Fed, through the Bank for International Settlements and International Monetary Fund, would be able to control the terms of a global monetary reset, which in turn would de-leverage balance sheets across currencies and economies in a controlled manner — in effect, a pre-packaged bankruptcy in real terms.”

Brodsky’s paper is posted at Zero Hedge here:

http://www.zerohedge.com/news/2016-12-28/its-dollar-stupid

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

END

 

A comprehensive look at physical gold movements.  First China SGE withdrawals total 214 tonnes or averaging 53.5 tonnes per week which is huge demand.  Russia added 32 tonnes of gold to its official reserves and they will end the year adding 200 tonnes.  What is also noteworthy is that we now have a complete reversal where now England is the next exporter of gold to Switzerland. Switzerland supplies China with monetary and non monetary gold. Also note the good importation of gold into India in November despite Modi’s moves to stop the accumulation of gold by its citizens.

(courtesy Ronan Manly/Bullionstar)

 

Bullion Star: Gold flow reverses, moving again from London to Asia via Switzerland

Section:

8:20p ET Wednesday, December 29, 2016

Dear Friend of GATA and Gold:

Bullion Star reports today that gold demand in China remains strong, that it is recovering in India, and that the flow of gold from Asia to London via Switzerland has reversed and gold now is flowing from London back to Asia. Bullion Star’s report is headlined “Gold Market Charts — December 2016” and it’s posted at Bullion Star here:

https://www.bullionstar.com/blogs/gold-market-charts/gold-market-charts-…

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

 

and the article in full:

 

Gold Market Charts – December 2016

This is the second in a new series of posts highlighting charts relating to some of the most important gold markets, gold exchanges and gold trends around the world. These include charts of the Chinese Gold Market, the flow of gold from West to East via the London and Swiss gold markets, and the holdings of gold-backed Exchange Traded Funds (ETFs). Please see the November 2016 chart post article for background on the charts chosen for this series.

All of the charts featured below originate from the GOLD CHARTS R US website. For BullionStar’s gold and silver price charts, go to BullionStar Charts where, for example, you can measure a wide variety of financial assets in terms of gold and other precious metals.

Shanghai Gold Exchange (SGE) – Gold Withdrawals

Total physical gold withdrawals from the SGE in November 2016 reached a substantial 214.7 tonnes, over 40% higher than gold withdrawals from the Exchange during October. November was also the second highest monthly withdrawal total of the year, only surpassed by January’s withdrawal numbers. Year-to-date to November, gold withdrawals from the SGE have reached 1,774 tonnes.

As a reminder, gold withdrawals from the Shanghai Gold Exchange are a suitable proxy for Chinese wholesale gold demand because all non-monetary gold imported into China has to be sold on the SGE, and most Chinese gold mining output as well as most Chinese scrap gold is also sold through the SGE as ‘standard’ gold.

November’s strong Chinese gold demand occurred in an environment of falling international gold prices, which is to be expected since Chinese gold buyers generally buy at lower prices (‘buy the dips’), and unlike Western buyers, the Chinese do not chase upward gold price momentum.

Shanghai Gold Exchange - Gold Withdrawals (tonnes), 2008 - 2016
Shanghai Gold Exchange – Gold Withdrawals (tonnes), 2008 – end November 2016

Chinese and Indian Gold Demand

A suitable proxy of Chinese and Indian gold demand can be constructed by adding Shanghai Gold Exchange withdrawals to Indian gold imports. Gold import figures into India are an acceptable proxy for Indian gold demand since Indian domestic gold mining is virtually non-existent.

On a combined basis, CHINDIA gold demand for October 2016 totalled 225 tonnes, which incredibly, pushed the cumulative gold demand from these two major gold markets above the 20,000 tonne mark for the nine-year period 2008 – 2016. Note that this latest version of the CHINDIA chart is to the end of October 2016.

chinaindiademandoct
Chinese and Indian gold demand combined (tonnes), 2008 – end October 2016

Russian Gold Reserves

The Bank of Russia, Russia’s central bank, is one of the most active buyers of gold on the planet, and has been pursuing a massive physical gold accumulation strategy since the early 2000s. In November 2016, the Bank of Russia added another 1 million ounces of gold (31.1 tonnes) to its gold reserve holdings. This follows a 40 tonne gold purchase by the Bank of Russia in October and makes November the second highest monthly addition of the year for the Russians.

With the October and November additions, the Bank of Russia is now well on target to realise its planned purchase of 200 tonnes of gold during 2016.

russiareserveststnov
Russian central bank gold reserves, cumulative (tonnes), 2006 – end November 2016

Transparent Gold Holdings – ETFs and Others

This chart features a large group of products and vehicles, such as ETFs, which hold physical gold and which regularly report their gold holdings, thereby providing a window into the cumulative position and changes in such gold holdings on a week to week basis. As a group, these vehicles continued to see a net outflow of gold during December, with the outflow trend that began in early November continuing.

As of 23 December, these tracked transparent products held a combined 2583.9 tonnes of gold, which was 134 tonnes less than their aggregated total holdings of 2717.9 tonnes on 23 November 2016. In a similar manner to November, the gold outflows in December occurred in an environment of a falling US dollar gold price.