Gold & Silver Held In Check By the Banksters! - Harvey Organ

By The Doc / June 07, 2017 / www.silverdoctors.com / Article Link

GOLD AND SILVER HELD IN CHECK BY THE BANKERS: GOLD DOWN $4.30 AND SILVER DOWN 9 CENTS BUT THEN THEY WERE WHACKED IN THE ACCESS MARKET:

FOR THE 4TH CONSECUTIVE DAY THE AMOUNT OF SILVER STANDING AT THE COMEX IN JUNE INCREASED!/SPAIN'S BANCO POPULAR FAILS AND A BAIL IN IS ORCHESTRATED: JUNIOR BOND HOLDERS AND CO CO BONDHOLDERS WIPED OUT/NOT SURE ABOUT DEPOSITORS/SAUDI ARABIA GIVES QATAR A 24 HR ULTIMATUM TO STOP TERRORISM/ TURKEY SET TO JOIN QATAR SETTING THE STAGE FOR A MIDDLE EAST SHOWDOWN!/IRAN;S PARLIAMENT ATTACKED BY SUNNI ISIS THIS MORNING/CHICAGO'S CAB INDUSTRY DECIMATED/SEARS TO CLOSE ANOTHER 66 STORES/CONSUMER CREDIT COMES TO A STANDSTILL IN THE USA

GOLD: $1290.10 down $4.30

Silver: $17.58 down 9 cent(s)

Closing access prices:

Gold $1294.30

silver: $17.68

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SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1297.97 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: 1290.60

PREMIUM FIRST FIX: $5.37

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SECOND SHANGHAI GOLD FIX: $1298.88

NY GOLD PRICE AT THE EXACT SAME TIME: 1291.75

Premium of Shanghai 2nd fix/NY:$7.13

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LONDON FIRST GOLD FIX: 5:30 am est $1292.79

NY PRICING AT THE EXACT SAME TIME: $1293.10

LONDON SECOND GOLD FIX 10 AM: $1291.00

NY PRICING AT THE EXACT SAME TIME. $1291.25

For comex gold:

JUNE/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 121 NOTICE(S) FOR 12100 OZ.

TOTAL NOTICES SO FAR: 2048 FOR 204800 OZ (6.3701 TONNES)

For silver:

For silver: JUNE

4 NOTICES FILED TODAY FOR 20,000 OZ/

Total number of notices filed so far this month: 490 for 3,450,000 oz

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END

Our banker friends never allow gold and silver to rise on two consecutive days, so with yesterdays huge gain, one would have bet the farm that we would run into some resistance today.

Over at the comex, the amount standing for the silver metal again rose in similar fashion to what we witnessed last month and also in April. It is up for the 5th consecutive day. We certainly have a determined entity trying to get its hands on whatever silver is available.

Let us have a look at the data for today

.

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This is where we are heading: (JB Slear/Jim Sinclair)

According to JB Slear, this is what the future holds. Why should I write words. Get into the cellar as fast as you can!

Jim

unnamed

In silver, the total open interest ROSE BY 3472 contract(s) UP to 208,967 DESPITE THE RATHER MEAGRE RISE IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY'S TRADING (UP 13 CENT(S). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.0450 BILLION TO BE EXACT or 149% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 4 NOTICE(S) FOR 20,000 OZ OF SILVER

In gold, the total comex gold ROSE BY ANOTHER MONSTROUS 26,323 contracts WITH THE GOOD SIZED RISE IN THE PRICE OF GOLD ($15.10 with YESTERDAY'S TRADING). The total gold OI stands at 494,041 contracts.

we had 121 notice(s) filed upon for 12,100 oz of gold.

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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 DEPOSIT OF 13.93 TONNES

Inventory rests tonight: 864.93 tonnes

.

SLV

Today: no changes in inventory/

THE SLV Inventory rests at: 339.605 million oz

end

.

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

1. Today, we had the open interest in silver ROSE BY 3472 contracts UP TO 208,967 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787), DESPITE THE TINY RISE IN PRICE FOR SILVER WITH YESTERDAY'S TRADING ( UP 13 CENTS). NO QUESTION THAT WE AGAIN HAD CONTINUED FAILED SHORT COVERING BY THE BANKERS ALONG WITH CONSIDERABLE BANKER DELTA HEDGING WITH THE STRONGER PERFORMANCE FROM SILVER .

(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 TUESDAY night/WEDNESDAY morning: Shanghai closed UP 38.20 POINTS OR 1.234% / /Hang Sang CLOSED DOWN 22.98 POINTS OR 0.09% The Nikkei closed UP 4.72 POINTS OR 0.02%/Australia's all ordinaires CLOSED DOWN 0.01%/Chinese yuan (ONSHORE) closed DOWN at 6.7983/Oil UP to 47.90 dollars per barrel for WTI and 49.66 for Brent. Stocks in Europe OPENED ALL MIXED ..Offshore yuan trades 6.7790 yuan to the dollar vs 6.7983 for onshore yuan. NOW THE OFFSHORE IS MUCH STRONGER TO THE ONSHORE YUAN/ ONSHORE YUAN WEAKER (TO THE DOLLAR) AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE SLIGHTLY STRONGER DOLLAR. CHINA NOT HAPPY WITH THE NEWS THAT ITS DEBT HAS BEEN DOWNGRADED

3a)THAILAND/SOUTH KOREA/NORTH KOREA

i)SOUTH KOREA

This is a major blow to Washington and South Korea suspends the deployment of the Thaad defense missile system and a victory for China.

( zero hedge)

ii)NORTH KOREA

North Korea set to launch its 10th ballistic missile and 6th nuclear test.

(courtesy zerohedge)

b) REPORT ON JAPAN

c) REPORT ON CHINA

4. EUROPEAN AFFAIRS

i)SPAIN/BANCO POPULAR

Trouble in Spain. Banco Popular has failed and will be bailed in. The company was acquired in total for the grand sum of 1 euro. Investors lost 3.3 billion euros!

the fun begins...

( zero hedge)

ii)this is what the bail in looks like;

it is not pretty. Still no word on what will happen to the depositors. However the CO co bond holders and junior bond holders along with equity shareholders are wiped out.

( Bill Blain/zero hedge)

iii)The Euro tumbles on the news that the ECB cannot get inflation to its target of 2%. Behind the scenes it looks like growth around the globe is stymied

( zero hedge)

iv)A joke!! Euro jumps on ":small changes" coming.

( zero hedge)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

i)Saudi Arabia gives Qatar a 24 hr ultimatum of which the key is to end all times to the Muslim brotherhood and Hamas.

( zero hedge)

ii)TURKEY/QATAR

This is going to be fascinating: Turkey is now approving a bill to support Qatar. No wonder the Turkish pipeline from Qatar through Saudi Arabia, then through Turkey and onto the Europe is critical for Turkey. This is the route that the USA wants. Russia naturally is totally against this as it destroys their capability of supplying natural gas to Europe. This may cause a World War.

( zero hedge)

iiii)UAE/QATAR

My goodness! they are certainly going after QATAR. Today the UAR reveals anyone publishing statements sympathetic to Qatar will be jailed for 15 years. Freedom of speech is non existent over there.

( zero hedge)

iv)IRAN

ISIS claims responsibility for this latest attack at the Iranian Parliament and the Mausoleum of Khomeini. Strange that a sponsor of terrorism is itself subject to an attack. We are not sure if the attack is connected to the embargo against Qatar

(courtesy zero hedge)

iv b) Saudi Arabia/Qatari Riyal

The Qatari Riyal crashes after Saudi Arabia orders its banks to cut their exposure to Qatar

( zero hedge)

iv c)S and P downgrades Qatar's debt to AA-

( zero hedge)

v)Iran blames its arch enemy Saudi Arabia for the terrorist attack this morning( zerohedge)

6 .GLOBAL ISSUES

7. OIL ISSUES

This is a must read as oil could be pushed down to 10 dollars by 2025

( Charles Kennedy/OilPrice.com)

8. EMERGING MARKET

VENEZUELA/CHINA

A Chinese firm is trying to desperately unload bonds purchased in December. Venezuela is rapidly heading into a default

( zero hedge)

9. PHYSICAL MARKETS

i)The conviction of this ex Deutsche bank trader will morph into more convictions from other traders. It looks like spoofing is finished.( zero hedge)

10. USA Stories

i)Chicago/Cab industry

Cab medallions are already over 50% in Chicago as UBER is killing them

( zero hedge)

ii)More USA devastating new: Sear closes 66 stores and Joe's Crab shack files for bankruptcy protection

( zero hedge)

iii)Here is another indicator to show you the USA economy has just hit the skids:

( zerohedge)

iv) Trump nominates Christopher Wray as Director of the FBI

(zero hedge)

v) It looks like CNN's anonymous sources got this one wrong: Trump was never under investigation by the FBI for Russian interference with the USA election. And second, there is no direct evidence that Trump ordered Comey to end the investigation on Flynn

( zero hedge)

vi)Trump is keeping his promise: new job killing regulations have come to a screeching halt

( zerohedge)

Let us head over to the comex:

The total gold comex open interest ROSE BY A GIGANTIC 26,323 CONTRACTS UP to an OI level of 494,041 WITH THE RISE IN THE PRICE OF GOLD ($15.10 with YESTERDAY'S trading). The bankers were supplying the short comex gold paper and the longs just gobbled them up with reckless abandon.

We are now in the contract month of JUNE and it is one of the BETTER delivery months of the year. In this JUNE delivery month we had A HUGE LOSS OF 141 contract(s) FALLING TO 2528. We had 15 notices filed yesterday so we LOST ANOTHER 113 contracts or an additional 11,300 oz will NOT stand for delivery in this very active delivery month of June AND WITHOUT A SHADOW OF DOUBT THESE 113 CONTRACTS RECEIVED AN EFP CONTRACT WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURE GOLD CONTRACT/OR A LONG CALL OR MOST LIKELY A LONDON BASED FORWARD GOLD CONTRACT. THESE EFP'S ARE PRIVATE OFF COMEX TRANSACTIONS. THE STUBBORN LONGS WHO ARE REMAINING STOIC ARE SO FAR REFUSING THAT FIAT BONUS

Below is a little background on the EFP contracts initiated by our bankers: We now know for certain that private EFP contracts are given by the bankers when faced with an upcoming active delivery month and they state that this is for emergency purposes only and that they do not have actual physical metal to deliver upon in the front month. We just do not know the makeup of that private deal. It is my contention that the longs in GOLD FOR INSTANCE at the end of MAY(for June contracts) were given a fiat bonus plus a long "in the money" call for a future July contract or a August FUTURE contract or MAYBE EVEN A LONDON BASED FORWARD GOLD CONTRACT. . and this is why the total comex open interest complex obliterates as we enter first day notice. So now everything makes sense: the obliteration of OI as we enter first day notice has not really occurred in the real sense but replaced with a future long contract call and/or an off -comex London based gold contract with some bonus money for their effort.

The non active July contract GAINED 178 contracts to stand at 2,514 contracts. The next big active month is August and here the OI gained A MONSTROUS 25,565 contracts up to 369,782.

We had 121 notice(s) filed upon today for 12,100 oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx And now for the wild silver comex results. Total silver OI ROSE BY 3,472 contracts FROM 205,495 UP TO 208,967 DESPITE YESTERDAY'S TINY 13 CENT GAIN. IT SURE LOOKS LIKE OUR BANKERS ARE DESPERATELY TRYING TO COVER THEIR SHORTS IN SILVER BUT TO NO AVAIL. WE ALSO NO DOUBT HAVE CONSIDERABLE EVIDENCE OF SOME DELTA HEDGING BY THE BANKERS TRYING TO OFFSET THAT HUGE SHORT POSITION THEY HAVE BEEN BURGEONING OVER THE YEARS. We are in the NON active delivery month is JUNE Here the open interest LOST 0 contract(s) REMAINING AT 20 contracts. We had 10 notices served upon yesterday so we AGAIN GAINED 10 CONTRACTS OR AN ADDITIONAL 50,000 OZ OF SILVER WILL STAND FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF JUNE. IT SEEMS WE ARE CONTINUING WHERE WE LEFT OFF LAST MONTH IN SILVER AS INVESTORS ARE WILLING TO FORGO THE FIAT PROFIT JUST TO SECURE PHYSICAL SILVER METAL. THIS IS THE 4TH CONSECUTIVE DAY THAT THE AMOUNT OF SILVER STANDING ADVANCED FROM FIRST DAY NOTICE.

The next big active month will be July and here the OI GAINED 35 contracts UP to 131,613 as we start to wind down before first day notice Friday, June 30. July will be interesting to watch in silver as we witness fewer players pitching for EFP contracts than with gold.

The month of August, a non active month picked up 10 contracts to stand at 21. The next big active delivery month for silver will be September and here the OI already jumped by another 2837 contracts up to 38,142.

I will give you a snapshot as to what happened last year at the exact number of days before first day notice:

June 7.2016: 115,987 contracts were still outstanding vs 132,040 contracts June 7.2017

At the conclusion of June, the final standing for physical silver was 3,080,000 oz and we have already surpassed that number this year (3,530,000 oz).

The line in the sand is $18.50 for silver and again it has been defended by the criminal bankers. Once this level is pierced, the monstrous billion oz of silver shorts will blow up. The bankers are defending the Alamo with their last stand at the $18.50 mark. THE NEW RECORD HIGH IN OPEN INTEREST WAS SET FRIDAY APRIL 21/2017 AT: 234,787.

We had 4 notice(s) filed for 20,000 oz for the June 2017 contract

VOLUMES: for the gold comex

Today the estimated volume was 95,525 contracts which is POOR

Yesterday's confirmed volume was 269,468 contracts which is VERY GOOD

volumes on gold are STILL HIGHER THAN NORMAL!

INITIAL standings for JUNE June 7/2017.
GoldOunces
Withdrawals from Dealers Inventory in oz nil
Withdrawals from Customer Inventory in oz 49,685.581 ozScotia
Deposits to the Dealer Inventory in oznil oz
Deposits to the Customer Inventory, in oz nil oz
No of oz served (contracts) today 121 notice(s) 12,100 OZ
No of oz to be served (notices)2407 contracts240,700 oz
Total monthly oz gold served (contracts) so far this month 2048 notices204,800 oz6.3701 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 114,759.0 oz
Today we HAD 0 kilobar transaction(s)/ We had 0 deposit into the dealer: total dealer deposits: nil oz We had NIL dealer withdrawals: total dealer withdrawals: NIL ozwe had no dealer deposits: total dealer deposits: nil oz we had 0 customer deposit(s): total customer deposits; nil oz We had 1 customer withdrawal(s) i) out of Scotia: 49,685.581 oz total customer withdrawal: 49,685.581 oz we had 0 adjustments: For JUNE:

Today, 0 notice(s) were issued from JPMorgan dealer account and 2 notices were issued from their client or customer account. The total of all issuance by all participants equates to 121 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 61 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the initial total number of gold ounces standing for the JUNE. contract month, we take the total number of notices filed so far for the month (2048) x 100 oz or 204,800 oz, to which we add the difference between the open interest for the front month of JUNE (2528 contracts) minus the number of notices served upon today (121) x 100 oz per contract equals 445,500 oz, the number of ounces standing in this active month of JUNE. Thus the INITIAL standings for gold for the JUNE contract month:No of notices served so far (2048) x 100 oz or ounces + {(2528)OI for the front month minus the number of notices served upon today (121) x 100 oz which equals 445,500 oz standing in this active delivery month of JUNE (13.856 tonnes).WE LOST 113 CONTRACTS OR AN ADDITIONAL 11,300 OZ WILL NOT STAND AT THE COMEX. HOWEVER THESE GUYS WERE GIVEN EFP CONTRACTS WHICH ENTITLES THEM TO A FIAT BONUS PLUS A FUTURES GOLD CONTRACT OR A LONG CALL ON A GOLD CONTRACT OR MOST LIKELY A LONDON BASED GOLD FORWARD CONTRACT. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Total dealer inventory 900,191.813 or 27.99 tonnes DEALER RAPIDLY LOSING GOLDTotal gold inventory (dealer and customer) = 8,804,780.428 or 273.86 tonnes Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 273.86 tonnes for a loss of 29 tonnes over that period. Since August 8/2016 we have lost 80 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 13 MONTHS 80 NET TONNES HAS LEFT THE COMEX. end And now for silver AND NOW THE MAY DELIVERY MONTH June INITIAL standings June 7 2017
SilverOunces
Withdrawals from Dealers Inventory nil
Withdrawals from Customer Inventory 314,814.860 oz CNTDELAWAREJ.P.MORGAN
Deposits to the Dealer Inventory NIL oz
Deposits to the Customer Inventory 250,459.900 oz SCOTIA
No of oz served today (contracts) 4 CONTRACT(S)(20,000 OZ)
No of oz to be served (notices)16 contracts( 80,000 oz)
Total monthly oz silver served (contracts)690 contracts (3,450,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this month NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month2,295,343.5 oz
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 3 customer withdrawal(s): i) Out of CNT: 4999.700 ozii) Out of Delaware: 6037.400 oziii) Out of JPMorgan: 303,777.760 TOTAL CUSTOMER WITHDRAWALS: 314,814.860 oz We had 1 Customer deposit(s):i) Into Scotia: 250,459.900 oz ***deposits into JPMorgan have now stopped In the month of March and February, JPMorgan stopped (received) almost all of the comex silver contracts.why is JPMorgan bringing in so much silver??? why is this not criminal in that they are also the massive short in silver total customer deposits 250,459.900 oz we had 0 adjustment(s) The total number of notices filed today for the JUNE. contract month is represented by 4 contract(s) for 20,000 oz. To calculate the number of silver ounces that will stand for delivery in JUNE., we take the total number of notices filed for the month so far at 690 x 5,000 oz = 3,450,000 oz to which we add the difference between the open interest for the front month of JUNE (20) and the number of notices served upon today (4) x 5000 oz equals the number of ounces standing

. Thus the initial standings for silver for the JUNE contract month: 690(notices served so far)x 5000 oz + OI for front month of JUNE.(20 ) -number of notices served upon today (4)x 5000 oz equals 3,530,000 oz of silver standing for the JUNE contract month.We gained 10 contracts or an additional 50,000 oz will stand for delivery. WE ALSO HAD 0 EFP CONTRACTS THAT WERE ISSUED AS THE LONGS REFUSED A FIAT BONUS: THEY WANT THEIR PHYSICAL SILVER. Volumes: for silver comex Today the estimated volume was 25,057 which is POORYesterday's confirmed volume was 85,434 contracts which is HUGE YESTERDAY'S ESTIMATED VOLUME OF 85,434 CONTRACTS EQUATES TO 427 MILLION OZ OF SILVER OR 61% OF ANNUAL GLOBAL PRODUCTION OF SILVER EX CHINA EX RUSSIA). IN OUR HEARINGS THE COMMISSIONERS STRESSED THAT THE OPEN INTEREST SHOULD BE AROUND 3% OF THE MARKET. Total dealer silver: 34.315 million (close to record low inventory Total number of dealer and customer silver: 204.477 million oz The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42 The previous record was 224,540 contracts with the price at that time of $20.44 end

NPV for Sprott and Central Fund of Canada

1. Central Fund of Canada: traded at Negative 7.3 percent to NAV usa funds and Negative 7.1% to NAV for Cdn funds!!!! Percentage of fund in gold 61.8%Percentage of fund in silver:38.1%cash .+0.1%( June 7/2017) Sprott physical gold trust and Silver Trust NAV not available tonight 2. Sprott silver fund (PSLV): Premium RISES TO -.00%!!!! NAV (june 6/2017) 3. Sprott gold fund (PHYS): premium to NAV RISES to -0.09% to NAV (June 6/2017 )Note: Sprott silver trust back into POSITIVE territory at -0.00% /Sprott physical gold trust is back into NEGATIVE/ territory at -0.09%/Central fund of Canada's is still in jail but being rescued by Sprott.

Sprott's hostile 3.1 billion bid to take over Central Fund of Canada

(courtesy Sprott/GATA)

Sprott makes hostile $3.1 billion bid for Central Fund of Canada

Submitted by cpowell on Thu, 2017-03-09 01:19. Section: Daily Dispatches

From the Canadian Pressvia Canadian Broadcasting Corp. News, TorontoWednesday, March 8, 2017

http://www.cbc.ca/news/canada/calgary/sprott-takeover-bid-central-fund-c...

Toronto-based Sprott Inc. said Wednesday it's making an all-share hostile takeover bid worth $3.1 billion US for rival bullion holder Central Fund of Canada Ltd.

The money-management firm has filed an application with the Court of Queen's Bench of Alberta seeking to allow shareholders of Calgary-based Central Fund to swap their shares for ones in a newly-formed trust that would be substantially similar to Sprott's existing precious metal holding entities.

The company is going through the courts after its efforts to strike a friendly deal were rebuffed by the Spicer family that controls Central Fund, said Sprott spokesman Glen Williams.

"They weren't interested in having those discussions," Williams said.

Sprott is using the courts to try to give holders of the 252 million non-voting class A shares a say in takeover bids, which Central Fund explicitly states they have no right to participate in. That voting right is reserved for the 40,000 common shares outstanding, which the family of J.C. Stefan Spicer, chairman and CEO of Central Fund, control.

If successful through the courts, Sprott would then need the support of two-thirds of shareholder votes to close the takeover deal, but there's no guarantee they will make it that far.

"It is unusual to go this route," said Williams. "There's no specific precedent where this has worked."

Sprott did have success last year in taking over Central GoldTrust, a similar fund that was controlled by the Spicer family, after securing support from more than 96 percent of shareholder votes cast.

The firm says Central Fund's shares are trading at a discount to net asset value and a takeover by Sprott could unlock US$304 million in shareholder value.

Central Fund did not have any immediate comment on the unsolicited offer. Williams said Sprott had not yet heard from Central Fund on the proposal but that some shareholders had already contacted them to voice their support.

Sprott's existing precious metal holding companies are designed to allow investors to own gold and other metals without having to worry about taking care of the physical bullion.

end

And now the Gold inventory at the GLD

June 7/ A HUGE ADDITION TO THE GLD INVENTORY/A DEPOSIT OF 13.93 TONNES/INVENTORY RESTS AT 864.93 TONNES

June 6/ no changes in inventory at the GLD/Inventory remains at 851.00 tonnes

June 5.2017/no changes at the GLD/Inventory remain at 851.00 tonnes

June 2/2017/a huge deposit of 3.55 tonnes of gold into the GLD/Inventory rests at 851.00 tonnes

June 1/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 847.45 TONNES

May 31./ no change in gold inventory at the GLD/Inventory rests at 847.45 tonnes

May 30/no change in gold inventory at the GLD/Inventory rests at 847.45 tonnes

May 26./no change in inventory at the GLD/Inventory rests at 847.45 tonnes

May 25./no change in inventory at the GLD/Inventory rests at 847.45 tonnes

May 24/no change in inventory at the GLD/inventory rests at 847.45 tonnes

May 23/a paper withdrawal of 5.03 tonnes of gold from the GLD/Inventory rests at 847.45 tonnes

May 22/A DEPOSIT OF 1.77 TONNES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 852.48 TONNES

May 19/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 850.71 TONNES

May 18/a withdrawal of 1.18 tonnes of gold from the GLD/Inventory rests at 850.71

May 17/no change in the GLD inventory/inventory rests at 851.89 tonnes

May 16./ no change in the GLD inventory/inventory rests at 851.89 tonnes

May 15/no change in the GLD inventory/inventory rests at 851.89 tonnes

May 12/no changes in GLD/inventory rests at 851.89 tonnes

may 11/no changes in GLD inventory/inventory rests at 851.89 tonnes

May 10/no changes in GLD inventory/inventory rests at 851.89 tonnes/

May 9/a withdrawal of 1.19 tonnes from the GLD/Inventory rests tonight at 851.89 tonnes

May 8/no change in inventory at the GLD/Inventory rests at 853.08 tonnes

May 5/no changes in inventory at the GLD/Inventory rests at 853.08 tonnes

May 4/A tiny change in inventory at the GLD /a withdrawal of .28 tonnes to pay for fees/inventory rests at 853.08 tonnes

May 3/no change in inventory at the GLD/Inventory rest at 853.36 tonnes

May 2/no change in inventory at the GLD/Inventory rests at 853.36 tonnes

May 1/ no changes in inventory at the GLD/inventory rests at 853.36 tonnes

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx June 7 /2017/ Inventory rests tonight at 864.93 tonnes *IN LAST 167 TRADING DAYS: 83.20 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 110 TRADING DAYS: A NET 44.23 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.*FROM FEB 1/2017: A NET 69.57 TONNES HAVE BEEN ADDED.

end

Now the SLV Inventory

June 7/no change in inventory at the SLV/Inventory rests at 339.605 million oz

June 6/no change in inventory at the SLV/Inventory rests at 339.605 million oz.

June 5/a huge change at the SLV/a withdrawal of 1.371 million oz /inventory rests at 339.605 million oz/

June 2/no change in silver inventory at the SLV/Inventory rests at 340.976 million oz/

June 1/NO CHANGE IN INVENTORY AT THE SLV/INVENTORY RESTS AT 340.976 MILLION OZ

May 31./ no change in silver inventory at the SLV/inventory rests at 340.976 million oz/

May 30/no change in silver inventory at the SLV/inventory rests at 340.976 million oz

May 26/another paper withdrawal of 946,000 oz of silver from the SLV with silver rising/inventory rests at 340.976 million oz

May 25/no change in silver inventory at the SLV/Inventory rests at 341.922 million oz

May 24./a "paper" withdrawal of 1.893 million oz from the SLV/inventory rests tonight at 341.922 million oz

May 23/no change in silver inventory at the SLV/inventory rests at 343.815 million oz

May 19/no change in silver inventory at the SLV/Inventory rests at 343.815 million oz.

may 18/2017/another big deposit of 1.42 million oz added to the SLV/inventory rests at 343.815 million oz.

may 17/no change in silver inventory at the SLV/Inventory rests at 342.395 million oz/

May 16./we had a huge addition of 1.416 million oz of silver into the SLV/inventory rests at 342.395 million oz

May 15/no changes in silver inventory/inventory rests at 340.979 million oz/

May 12/a huge change in silver: a deposit of 2.369 million oz/inventory rests at 340.979 million oz

May 11/no changes in silver inventory at the SLV/Inventory rests at 338.610 million oz

May 10/ a gigantic 3.833 million oz of silver added to the SLV and this occurred with the constant whacking of silver for the past 17 trading sessions/inventory rests at 338.610 million oz

may 9Again, no movement of inventory at the SLV. Inventory rests at 334.777 million oz

May 8/no change in silver inventory at the SLV/inventory rests at 334.777 million oz/

May 5/Strange!! no change in silver inventory at the SLV/Inventory rests tonight at 334.777 million oz

May 4/a very tiny withdrawal of 144,000 oz to pay for fees/inventory rests tonight at 334.777 million oz/

May 3/strange!! with the drop in price of silver we had no change in inventory at the SLV/inventory rests at 334.921 million oz

May 2/extremely strange again/a huge 3.502 million oz deposit into the SLV despite silver being in the toilet for the past several trading days.Inventory 334.921 million oz

may 1/extremely strange/with silver being walloped these past several days, the inventory rises again by a huge 1.136 million oz/(maybe someone can explain this phenomena??)

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