re 'naked shorts' ... counterfeiting The CME's Daily Delivery Report showed that only 91 gold and 6 silver contracts were posted for delivery on Wednesday within the Comex-approved depositories. Except for ABN Amro, it was 'all the usual suspects' in gold. The link to yesterday's Issuers and Stoppers Report is here.
As of 9:36 p.m. Eastern time last night, there were no reported changes in either GLD or SLV.
However, late last night the new short interest numbers for both SLV and GLD were posted on the shortsqueeeze.com Internet site...and they were amazing.
In SLV, the short interest collapsed by 59.16%. Wow! The naked short position fell from 17.86 million shares/ounces, all the way down to 7.30 million shares/ounces. That leaves about 2.16% of the outstanding SLV shares held naked short.
It's obvious that a large chunk of that 18.4 million ounces that was deposited back on January 16th was used to pay down that short position...and I'd be happy to bet a fair chunk of money that it was JPMorgan Chase.
In GLD the short interest fell by 7.14%...from 21.58 million shares, down to 20.04 million shares. The current short position is a hair over 2 million ounces...and about 4.69% of the outstanding shares.
https://www.caseyresearch.com/gsd/edition/putin-turns-black-gold-bullion-russia-out-buys-world