ANDREW MAGUIRE STATES THAT THE LBMA IS HAVING SEVERE TROUBLE LOCATING GOLD TO FULFILL CONTRACTS

ANDREW MAGUIRE STATES THAT THE LBMA IS HAVING SEVERE TROUBLE LOCATING GOLD TO FULFILL CONTRACTS

Gold at (1:30 am est) $1224.50 down $1.00

silver was : $17.72: UP 2 CENTS (unchanged)

Access market prices:

Gold: $1226.30

Silver: $17.78

For comex gold:

MARCH/

NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 1 NOTICE(S) FOR 100 OZ. TOTAL NOTICES SO FAR: 45 FOR 4500 OZ (0.1399 TONNES)

For silver:

For silver: MARCH

343 NOTICES FILED TODAY FOR 1,715,000 OZ/

Total number of notices filed so far this month: 1763 for 8,815,000

Late FRIDAY night after receiving the preliminary data for Monday, I wanted to think about the data overnight as well as to see if this fits with Ted Butler’s assertion of basically collusion with some of the Hedge Funds (managed money)

If you have not read Ted Butler yet, I urge you to read it (in last night’s commentary) and then study today’s OI data.
One could see that the original plan of the bankers was to raid gold and silver with the object to get the gold down to an OI level of 390,000 contracts and silver down to the 165,000 area. They have done this quite a few occasions starting in 2011 and continuing to this year.
I now believe Butler’s assertion is correct in that the hedge funds are no longer playing the game especially in silver. He correctly portrays the hedge funds as as the Washington Generals losing every time with the Harlem Globetrotters the victors all the time.
Now everything makes sense:
the “salary” for each “Washington General” hedge fund was paid in cash settlements. That is how these hedge funds would continually lose for 5 years and still play in the game.
It also explains, a huge obliteration of open interest on an active contract as we head into first day notice.
the boys were being paid for their work and they then reload with fiat bonus and play again.
It also explains how the amount standing of each month lowers as the month proceeds. Each of the collusive players are waiting to be paid.
However, somehow, the hedge funds (Washington Generals) did not want to play anymore with the bankers (Harlem Globetrotters) .The hedge funds decided not to sell on any huge whack. This is why Thursday’s OI reading on silver hardly moved despite a 74 cent drop in price. The huge follow through yesterday orchestrated by the bankers (Harlem) also ended in failure. That is why at 1:00 o’clock they could see that the OI hardly budged so they raced as fast as they could to cover. The price of silver instead of being down by 8 cents, it rallied to unchanged at comex closing time and then up 19 cents upon access closing time.
We are not seeing the same game yet in gold but it may be in its infancy. However in silver, something is scaring our Washington Generals to not play the silver fraud any more.(lack of silver maybe?)
Let us have a look at the data for today.

In silver, the total open interest FELL by ONLY 3,484 contracts DOWN to 193,848 with respect to FRIDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.969 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH: THEY FILED: 343 NOTICE(S) FOR 1,715,000 OZ OF SILVER

In gold, the total comex gold FELL BY 6,937 contracts with ANOTHER FALL IN THE PRICE GOLD ($6.40 with FRIDAY’S trading ).The total gold OI stands at 437,220 contracts.

we had 1 notice(s) filed upon for 100 oz of gold.

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

GLD:

We had a huge change in tonnes of gold at the GLD: a withdrawal of 2.96 tonnes

Inventory rests tonight: 840.58 tonnes.

SLV

We had no changes in inventory at the SLV

THE SLV Inventory rests at: 332.788 million oz

end

Let us head over to the comex:

The total gold comex open interest FELL BY 6,937 CONTRACTS DOWN to an OI level of 437,220 with THE FALL IN THE PRICE OF GOLD ( $6.40 with FRIDAY’S trading). We are now in the contract month of MARCH and it is one of the poorer delivery months of the year. In this MARCH delivery month we had a GAIN of 1 contract(s) UP to 46. We had 5 contact(s) served upon yesterday, so we GAINED 6 CONTRACTS or AN ADDITIONAL 600 ounces will stand for delivery. The next active contract month is April and here we saw it’s OI FALL by 7854 contracts DOWN TO 259,178 contracts.

For comparison purposes, the April 2016 contract at this time had an OI of 313,947 contracts. At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.

The non active May contract month added 69 contracts and thus its OI is 268 contracts. The next big active month is June and here the OI ROSE by 1154 contracts up to 97,316.

We had 1 notice(s) filed upon today for 100 oz

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