Harvey Organ: Lots Of Silver Activity At The Comex - Somebody Needs A Large Supply Of Physical
Harvey is reporting on a lot of activity going on with silver at the COMEX. There is a gigantic amount of silver standing for delivery. Here are the details...
by Harvey Organ of Harvey Organ Blog
NOV 5/MARKETS SURGE ON LATEST RASMUSSEN POLL WHICH GIVES THE REPUBLICANS IN THE LEAD AND THEY CLAIM REPUBLICANS WILL TAKE BOTH HOUSES/GOLD DOWN $1.05 TO $1230.70.SILVER DOWN 9 CENTS TO $14.65/QUEUE JUMPING CONTINUES AT THE GOLD COMEX/BALTIC DRY INDEX FALTERS AGAIN SIGNALING A DROP IN GLOBAL TRADE/SANCTIONS AGAINST IRAN BEGAN AT MIDNIGHT LAST NIGHT AND ALREADY IRAN THREATENS TO SEIZE VESSELS IN THE STRAIT OF HORMUZ/
GOLD: $1230.70 DOWN $1.05 (COMEX TO COMEX CLOSINGS)
Silver: $14.65 DOWN 9 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : 1231.50
silver: $14.65
For comex gold and silver:
NOV
NUMBER OF NOTICES FILED TODAY FOR NOV CONTRACT: 17 NOTICE(S) FOR 1700
Total number of notices filed so far for NOV: 185 for 18500 OZ (0.5754 TONNES)
FOR NOVEMBER
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
3 NOTICE(S) FILED TODAY FOR
15,000 OZ/
Total number of notices filed so far this month: 935 for 4,675,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: OPENING MORNING TRADE $6461: down $20
Bitcoin: FINAL EVENING TRADE: $6460 down 24
end
XXXX
China is controlling the gold market
WE WILL NOT PROVIDE LONDON FIXES AS THEY ARE NOT ACCURATE AS TO WHAT IS GOING ON AT THE SAME TIME FRAME.
Let us have a look at the data for today
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In silver, the total OPEN INTEREST FELL BY 274 CONTRACTS FROM 211,565 DOWN TO 211,291 WITH FRIDAY'S 6 CENT LOSS IN SILVER PRICING AT THE COMEX. TODAY WE MOVED FURTHER FROM AUGUST'S RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.
WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY(WELL OVER 30 MILLION OZ AT THE COMEX FOR JULY , 6 MILLION OZ FOR AUGUST AND NOW JUST LESS THAN 31 MILLION OZ STANDING IN SEPTEMBER. AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP'S. WE WERE NOTIFIED THAT WE HAD A HUGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:
0 EFP'S FOR NOV. 2167 EFP'S FOR DECEMBER AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE: OF 2167 CONTRACTS. WITH THE TRANSFER OF 2167 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24-48 HRS IN THE ISSUING OF EFP'S. THE 2167 EFP CONTRACTS TRANSLATES INTO 10.875 MILLION OZ ACCOMPANYING:
1.THE 6 CENT LOSS IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR THE JUNE/2018 COMEX DELIVERY MONTH. (5.420 MILLION OZ); 30.370 MILLION OZ STANDING FOR DELIVERY IN JULY, FOR AUGUST: 6.065 MILLION OZ AND 39.505 MILLION OZ STANDING IN SEPT. 2,520,000 OZ STANDING IN OCTOBER. AND NOW SO FAR A HUGE 6,610,000 OZ STANDING FOR NOVEMBER
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF NOV:
8686 CONTRACTS (FOR 3 TRADING DAYS TOTAL 8686 CONTRACTS) OR 43.43 MILLION OZ: (AVERAGE PER DAY: 2895 CONTRACTS OR 14.475 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF NOV: 43.43MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 6.14% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)* JUNE'S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP'S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.
ACCUMULATION IN YEAR 2018 TO DATE SILVER EFP'S: 2,473.16 MILLION OZ.
ACCUMULATION FOR JAN 2018: 236.879 MILLION OZ
ACCUMULATION FOR FEB 2018: 244.95 MILLION OZ
ACCUMULATION FOR MARCH 2018: 236.67 MILLION OZ
ACCUMULATION FOR APRIL 2018: 385.75 MILLION OZ
ACCUMULATION FOR MAY 2018: 210.05 MILLION OZ
ACCUMULATION FOR JUNE 2018: 345.43 MILLION OZ
ACCUMULATION FOR JULY 2018: 172.84 MILLION OZ
ACCUMULATION FOR AUGUST 2018: 205.23 MILLION OZ.
ACCUMULATION FOR SEPTEMBER 2018: 167,05 MILLION OZ
ACCUMULATION FOR OCTOBER 2018: 224.875 MILLION OZ
RESULT: WE HAD A TINY DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 274 WITH THE 6 CENT LOSS IN SILVER PRICING AT THE COMEX //YESTERDAY. THE CME NOTIFIED US THAT WE HAD A GOOD SIZED EFP ISSUANCE OF 2167 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER (SEE COMEX DATA) .
TODAY WE GAINED A GOOD SIZED: 1893 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 2167 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH DECREASE OF 14 OI COMEX CONTRACTS. AND ALL OF THUS GOOD DEMAND HAPPENED WITH A 6 CENT FALL INPRICE OF SILVER AND A CLOSING PRICE OF $14.74 WITH RESPECT TO YESTERDAY'S TRADING. YET WE HAD A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY IN THE BIG JULY DELIVERY MONTH OF SLIGHTLY OVER 30 MILLION OZ, IN AUGUST ANOTHER BIG 6.065 MILLION OZ IN A NON ACTIVE MONTH IN SEPTEMBER A FINAL MONSTROUS 39.505 MILLION OZ OF SILVER STANDING FOR DELIVERY, WITH HUGE DELIVERIES OF OVER 2 MILLION OZ IN OCTOBER (A NON DELIVERY MONTH) AND NOW OVER 6 MILLION OZ IN NOVEMBER....... NOBODY IS PAYING ATTENTION TO THE HUGE NUMBER OF PHYSICAL OUNCES STANDING FOR SILVER THESE PAST SEVERAL MONTHS.
In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.059 BILLION OZ TO BE EXACT or 151% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT AUGUST MONTH/ THEY FILED AT THE COMEX: 3 NOTICE(S) FOR 15,000 OZ OF SILVER
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 243,411 CONTRACTS ON APRIL 9.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51.
AND NOW WE RECORD FOR POSTERITY ANOTHER ALL TIME RECORD OPEN INTEREST AT THE COMEX OF 244,196 CONTRACTS ON AUGUST 22/2018 AND AGAIN WHEN THIS RECORD WAS SET, THE PRICE OF SILVER WAS $14.78 AND LOWER IN PRICE THAN PREVIOUS RECORDS.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ MAY: 36.285 MILLION OZ ; JUNE/2018 (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ ) FOR AUGUST 6.065 MILLION OZ. , SEPT: AN INITIAL HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz AND NOW NOV AT OVER 6 MILLION OZ.HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018) AND NOW AUGUST 22/2018: 244,196 CONTRACTS, WITH A SILVER PRICE OF $14.78.HUGE ANNUAL EFP'S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLIONOZ/ AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZAND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT).
IN GOLD, THE OPEN INTEREST ROSE BY UNEXPECTED SIZE OF 334 CONTRACTS UP TO 491,465 DESPITE THE LOSS IN THE COMEX GOLD PRICE/YESTERDAY'S TRADING (A DROP IN PRICE OF $5.05).THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED 4638 CONTRACTS: ALWAYS, ON THE WEEK PRIOR TO FIRST DAY NOTICE IN ANY ACTIVE MONTH WHETHER GOLD OR SILVER THE OI COLLAPSES. IT IS HERE THAT THE MIGRANTS RECEIVE THEIR FIAT BONUS FOR ENGAGING IN THIS EXERCISE. WE HAD THE FOLLOWING EFP ISSUANCE FOR TODAY:
NOVEMBER HAD 0 EFP'S ISSUED AND, DECEMBER HAD AN ISSUANCE OF 4638 CONTACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 491,465. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP'S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.
IN ESSENCE WE HAVE AN GOOD RISE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 4638 CONTRACTS: 274 OI CONTRACTS DECREASED AT THE COMEX AND 4638 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN: 3725 CONTRACTS OR 372,500 OZ = 11.596 TONNES. AND ALL OF THIS GOOD DEMAND OCCURRED WITH A FALL IN THE PRICE OF GOLD/ FRIDAY TO THE TUNE OF $5.05.
YESTERDAY, WE HAD 12715 EFP'S ISSUED.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF NOV : 26,319 CONTRACTS OR 2,631,900 OZ OR 81,86 TONNES (3 TRADING DAYS AND THUS AVERAGING: 8773 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 3 TRADING DAY IN TONNES: 81.86 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 81.86/2550 x 100% TONNES = 3.21% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JULY ALONE.***
ACCUMULATION OF GOLD EFP'S YEAR 2018 TO DATE: 6,291.83* TONNES *SURPASSED ANNUAL PROD'N
ACCUMULATION OF GOLD EFP'S FOR JANUARY 2018: 653.22 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR FEBRUARY 2018: 649.45 TONNES (20 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR MARCH 2018: 741.89 TONNES (22 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR APRIL 2018: 713.84 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP'S FOR MAY 2018: 693.80 TONNES ( 22 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR JUNE 2018 650.71 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR JULY 2018 605.5 TONNES (21 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR AUG. 2018 488.54 TONNES (23 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR SEPT 2018 470.64 TONNES (19 TRADING DAYS)
ACCUMULATION OF GOLD EFP FOR OCT. 2018 543.92 TONNES (23 TRADING DAYS)
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP'S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP'S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
Result: A TINY SIZED DECREASE IN OI AT THE COMEX OF 274 WITH THE LOSS IN PRICING ($5.05) THAT GOLD UNDERTOOK FRIDAY) //.WE ALSO HAD A GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 4638 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP'S...THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 4638 EFP CONTRACTS ISSUED, WE HAD AN VERY GOOD RISE OF 4,972 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
4638 CONTRACTS MOVE TO LONDON AND 274 CONTRACTS DECREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 11.59 TONNES). ..AND ALL OF THIS DEMAND OCCURRED WITH A LOSS OF $5.05 IN YESTERDAY'S TRADING AT THE COMEX.
we had: 20 notice(s) filed upon for 2000 oz of gold at the comex.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD DOWN $1.05 TODAY: /
A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/
A BIG WITHDRAWAL OF 1.77 TONNES
/GLD INVENTORY 757.29 TONNES
Inventory rests tonight: 757.29 tonnes.
TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD. IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY
SLV/
WITH SILVER DOWN 6 CENTS TODAY
ANOTHER BIG CHANGES AT THE SLV:
A WITHDRAWAL OF : 1.315 MILLION OZ
/INVENTORY RESTS AT 326.005 MILLION OZ.
NOTE THE DIFFERENCE BETWEEN THE GLD AND SLV: THE CROOKS CAN RAID GOLD BECAUSE THEY DO HAVE SOME PHYSICAL. THEY DO NOT RAID SILVER PROBABLY BECAUSE THERE IS NO REAL SILVER INVENTORIES BEHIND THEM.
Let us head over to the comex:
The total gold comex open interest FELL BY A SMALL SIZED 274 CONTRACTS UP to an OI level 490,218 WITH THE FALL IN THE PRICE OF GOLD ($5.05 IN FRIDAY'S COMEX TRADING). FOR TWO YEARS STRAIGHT WE HAVE NOTICED THAT ONE WEEK PRIOR TO FIRST DAY NOTICE OF AN ACTIVE DELIVERY MONTH THE COMEX OPEN INTEREST CONTRACTS AND EFP'S NOTICES EXPONENTIALLY INCREASE AS WELL AS WE WITNESS THE COMEX OPEN INTEREST COLLAPSE. ONCE WE GET TO FIRST DAY NOTICE, THEN THE OPEN INTEREST RISES AND AGAIN THEY DID NOT DISAPPOINT US.
WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF NOV.. THE CME REPORTS THAT THE BANKERS ISSUED A GOOD SIZED COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 4638 EFP CONTRACTS WERE ISSUED:
NOV: 0 EFP'S AND DECEMBER: 4638 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 4638 CONTRACTS.
THE OBLIGATION STILL RESTS WITH THE BANKERS ON THESE TRANSFERS. ALSO REMEMBER THAT THERE IS NO DOUBT A HUGE DELAY IN THE ISSUANCE OF EFP'S AND IT PROBABLY TAKES AT LEAST 48 HRS AFTER LONGS GIVE UP THEIR COMEX CONTRACTS FOR THEM TO RECEIVE THEIR EFP'S AS THEY ARE NEGOTIATING THIS CONTRACT WITH THE BANKS FOR A FIAT BONUS PLUS THEIR TRANSFER TO A LONDON BASED FORWARD.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A 4972 TOTAL CONTRACTS IN THAT 4638 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A TINY 334 COMEX CONTRACTS.
NET GAIN ON THE TWO EXCHANGES: 3728 contracts OR 372,800 OZ OR 11.596 TONNES.
We are now in the non active contract month of November. For the November contract month, we have 24 notices standing so we lost 3 contracts. WOW!!! we had 20 notices served upon yesterday so for the 3rd straight trading day, we gained 17 contracts or an additional 1700 oz of gold queue jumped. Gold has now joined silver in the queue jumping game as physical gold and silver are scarce at the comex. The dealers need this physical to put out fires elsewhere. Also longs have refused to morph into London forwards and this they refuse to accept a fiat bonus to do that transfer.
The next delivery month after November is the very big December contract month and here the OI FELL by 6930 contracts to 351,027 contracts. January saw a RISE TO 678 FOR A GAIN OF 633 CONTRACTS. February gained 3917 contracts to stand at 87,353 contracts.
WE HAD 17 NOTICES FILED AT THE COMEX FOR 1700 OZ.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And now for the wild silver comex results.
Total silver OI FELL BY 274 CONTRACTS FROM 211565 DOWN TO 211,291 (AND FURTHER FROM THE NEW RECORD OI FOR SILVER SET ON AUGUST 22.2018. (THE PREVIOUS RECORD WAS SET APRIL 9.2018/ 243,411 CONTRACTS) AND TODAY'S TINY OI COMEX LOSS OCCURRED WITH A 6 CENT LOSS IN PRICING.
WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOVEMBER AND, WE WERE INFORMED THAT WE HAD A VERY GOOD SIZED 2167 EFP CONTRACTS: FOR NOVEMBER: 0 CONTRACTS AND FOR ...
FOR DECEMBER: 2167 CONTRACTS AND ZERO FOR ALL OTHER MONTHS. THESE EFPS WERE ISSUED TO COMEX LONGS WHO RECEIVED A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THE TOTAL EFP'S ISSUED: 2167. ON A NET BASIS WE GAINED 2154 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED 274 CONTRACT LOSS AT THE COMEX COMBINING WITH THE ADDITION OF 2167 OI CONTRACTS NAVIGATING OVER TO LONDON.
NET GAIN ON THE TWO EXCHANGES: 1893 CONTRACTS...AND ALL OF THIS GOOD DEMAND OCCURRED WITH A 6 CENT LOSS IN PRICING// YESTERDAY
We are now in the non active delivery month of NOVEMBER and here we now have 399 notices standing for a loss of 8 contacts. We had 6 notices served upon yesterday so we lost a tiny 2 contracts or an additional 10,000 oz will not stand for delivery as these longs morphed into London based forwards as well as accepting a fiat bonus for their efforts. QUEUE JUMPING WILL RETURN SHORTLY IN THE COMEX ARENA AS THIS PHENOMENON (IN SILVER) HAS BEEN THE NAME OF THE GAME FOR OVER 19 MONTHS.
After November, we have a December contract and here we lost 4273 contracts down to 152,756. January saw a GAIN of 34 contracts UP to 1022 contracts. March, the next big delivery month after December saw a gain of 3537 contracts up to 46,210.
We had 3 notice(s) filed for 15,000 OZ for the NOV, 2018 COMEX contract for silver
Trading Volumes on the COMEX
PRELIMINARY COMEX VOLUME FOR TODAY: 166,097 contracts,
CONFIRMED COMEX VOL. FOR YESTERDAY: 272,055 contracts..
INITIAL standings for NOV/GOLD
NOV 5-/2018.
we had 0 dealer entry:
total gold entering dealer: 0 oz
total gold withdrawing from the dealer; 0 oz
we had 0 kilobar transaction/we had 1 withdrawal out of the customer account:i) Out of HSBC: 54,554.323 oztotal customer withdrawals: 54,554.323 ozwe had 1 customer depositi) Into Delaware: 2001.04 oztotal customer deposits 2001.04 ozwe had 1 adjustment..i) out of HSBC: 482.25 oz was adjusted out of the customer and this landed into the dealer account of HSBC
FOR THE NOV 2018 CONTRACT MONTH)
Today, 0 notice(s) were 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 17 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 2 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the INITIAL total number of gold ounces standing for the NOV/2018. contract month, we take the total number of notices filed so far for the month (185) x 100 oz , to which we add the difference between the open interest for the front month of NOV. (24 contracts) minus the number of notices served upon today (17 x 100 oz per contract) equals 19,200 OZ OR 0.5972 TONNES) the number of ounces standing in this non active month of NOV
Thus the INITIAL standings for gold for the NOV/2018 contract month:
No of notices served (185 x 100 oz) + {24)OI for the front month minus the number of notices served upon today (17x 100 oz )which equals 19200 oz standing OR 0.5972 TONNES in this NON active delivery month of NOVEMBER.
WE GAINED 7 CONTRACTS OR AN ADDITIONAL 700 OZ WILL STAND AT THE COMEX AS THESE LONGS REFUSED TO MORPH INTO LONDON BASED FORWARDS. WE ARE NOW WITNESSING GOLD JOIN SILVER IN QUEUE JUMPING AS PHYSICAL SEEMS TO BE SCARCE.
THERE ARE ONLY 4.2969 TONNES OF REGISTERED COMEX GOLD AVAILABLE FOR DELIVERY AGAINST 0.5972 TONNES STANDING FOR NOVEMBER
total registered or dealer gold: 138,146.468 oz or 4.2969 tonnestotal registered and eligible (customer) gold; 8,013,936.429 oz 259.26 tonnes I BELIEVE THAT THIS IS THE LOWEST REGISTERED GOLD READING IN THE COMEX HISTORY..AS WELL AS THE LONGEST WE HAVE SEEN THE REGISTERED COLUMN AT 5 TONNES OR LESS.
IN THE LAST 27 MONTHS 107 NET TONNES HAS LEFT THE COMEX.
LADIES AND GENTLEMEN: THERE IS NO GOLD AT THE COMEX..AS THE CROOKS SEEMS TO BE FORCING LONGS TO TAKE DELIVERY OF LONDON FORWARDS AND NOT TAKE POSSESSION OF ANY GOLD AT THE COMEX/
end
And now for silver
AND NOW THE NOV DELIVERY MONTH
NOV INITIAL standings/SILVER
lots of activity in the silver vaults today.
we had 0 inventory movement at the dealer side of things
total dealer deposits: nil oz
total dealer withdrawals: 0 oz
we had 2 deposits into the customer account
i) Into JPMorgan: nil oz
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 150.9 million oz of total silver inventory or 51.94% of all official comex silver. (150.9 million/290.5 million)
ii)Into CNT: 1,213,082.07 oz
iii) Into Scotia: 596,644.690 oz
total customer deposits today: 1,809.726.763 oz
we had 2 withdrawals from the customer account;
i) Out of CNT: 1,233,008.387 oz
ii) Out of Malca: 222,199.850 oz
total withdrawals: 1,457,208.237 oz
we had 0- adjustments
total dealer silver: 84.752 million
total dealer + customer silver: 290.050 million oz
The total number of notices filed today for the NOV 2018. contract month is represented by 3 contract(s) FOR 15,000 oz. To calculate the number of silver ounces that will stand for delivery in NOV., we take the total number of notices filed for the month so far at 935 x 5,000 oz = 4,675,000 oz to which we add the difference between the open interest for the front month of NOV. (407) and the number of notices served upon today (3 x 5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the NOV/2018 contract month: 932(notices served so far)x 5000 oz + OI for front month of NOV( 399) -number of notices served upon today (3)x 5000 oz equals 6,655,000 oz of silver standing for the NOV contract month. This is a gigantic number of oz standing for an off delivery month. Somebody is after a large supply of physical silver. We lost 2 contracts or an additional 10,000 will not stand at the comex as these longs accepted a London based forwards as well as receiving the right for a fiat bonus. QUEUE JUMPING IN SILVER TOOK A SHORT HIATUS AND WILL NO DOUBT RETURN IN EARNEST THIS COMING WEEK.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
ESTIMATED VOLUME FOR TODAY: 70,293 CONTRACTS ... HUGE VOLUME
CONFIRMED VOLUME FOR YESTERDAY: 114,721 CONTRACTS....HUGE VOLUME
YESTERDAY'S CONFIRMED VOLUME OF 114,721 CONTRACTS EQUATES to 659 million OZ OR 81.9% OF ANNUAL GLOBAL PRODUCTION OF SILVER
COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42The previous record was 224,540 contracts with the price at that time of $20.44
end
NPV for Sprott
1. Sprott silver fund (PSLV): NAV FALLS TO -5.37% (NOV 5/2018)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -2.00% to NAV (NOV 5/2018 )Note: Sprott silver trust back into NEGATIVE territory at -5.37%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 12.46/TRADING 11.86/DISCOUNT 4.83
END
And now the Gold inventory at the GLD/
NOV 5/WITH GOLD DOWN $1.05 TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.77 TONNES OF GOLD FROM THE GLD INVENTORY/INVENTORY RESTS AT 757.29 TONNES
NOV 2/WITH GOLD DOWN $5.05: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.76 TONNES FROM THE GLD INVENTORY//INVENTORY RESTS AT 759.06 TONNES
NOV 1/: 2 TRANSACTIONS:WITH GOLD UP $23.85,A SMALL WITHDRAWAL OF .80 TONNES OF GOLD TO PAY FOR FEES, INSURANCE AND STORAGE: INVENTORY AT THE GLD RESTS AT 754.06 TONNES THEN A DEPOSIT OF 6.76 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 760.82
OCT 31: WITH GOLD DOWN $11.35: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RE3STS AT 754.94 TONNES
OCT 30/WITH GOLD DOWN $2.00: A HUGE DEPOSIT OF 5.30 TONNES OF GOLD INTO THE GLD/INVENTORY RESTS AT 754.94 TONNES
OCTOBER 29/WITH GOLD DOWN $7.75 TODAY/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 749.64 TONNES
OCTOBER 26/WITH GOLD UP $3.65 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 749.64 TONNES
OCT 25/WITH GOLD UP $1.15: A DEPOSIT OF 1.76 TONNES OF GOLD INTO THE GLD INVENTORY/INVENTORY RESTS AT 749.64 TONNES. FROM ITS LOW POINT AT THE BEGINNING OF OCTOBER THE GLD HAS ADDED.19.47 TONNES OF GOLD
OCT 23/WITH GOLD UP $11.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 747.88 TONNES
Oct 22/WITH GOLD DOWN $3.90 TODAY: A WITHDRAWAL OF 2.97 TONNES OF GOLD FROM THE GLD INVENTORY/INVENTORY RESTS AT 745.82
AND THEN: A DEPOSIT OF 2.06 TONNES SUCH THAT THE FINAL RESTING INVENTORY IS 747.88 TONNES
OCT 19/WITH GOLD DOWN $1.70 : NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 748.76 TONNES
OCT 18/WITH GOLD UP $2.80/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RSTS AT 748.76 TONNES
OCT 16/WITH GOLD UP BY ONLY $1.00/WE HAD ANOTHER 4.12 TONNES OF GOLD ADDED TO THE GLD/INVENTORY RESTS AT 748.76 TONNES
OCT 15/WITH GOLD UP $8.45/ANOTHER 5.65 TONNES OF GOLD WAS ADDED TO THE GLD INVENTORY/INVENTORY RESTS AT 744.64 TONNES
OCT 12/WITH GOLD DOWN $4.35/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 738.99 TONNES
OCT 11/WITH GOLD UP $35.20 TODAY: A HUGE PAPER GOLD INVENTORY GAIN OF 8.82 TONNES/INVENTORY RESTS AT 738.99 TONNES
OCT 10/WITH GOLD UP $2.65 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 730.17 TONNES
OCT 9/WITH GOLD UP $2.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 730.17
OCT 8/WITH GOLD DOWN $18.60 NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 730.17TONNES
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
NOV 5.2018/ Inventory rests tonight at 757.29 tonnes
*IN LAST 491 TRADING DAYS: 177.87 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 391 TRADING DAYS: A NET 18.57 TONNES HAVE NOW BEEN REMOVED FROM GLD INVENTORY.
end
Now the SLV Inventory/
NOV 5/WITH SILVER DOWN 9 CENTS TODAY: ANOTHER BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.315 MILLION OZ FROM THE SLV INVENTORY/INVENTORY RESTS AT 326.005 MILLION OZ/
NOV 2/WITH SILVER DOWN 6 CENTS TODAY: A SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 143,000 OZ/INVENTORY RESTS AT 327.320 MILLION OZ/
NOV 1/WITH SILVER UP 54 CENTS TODAY: A BIG CHANGE IN SLV" A WITHDRAWAL OF 1.033 MILLION OZ FROM THE SLV. /INVENTORY RESTS AT 327.463 MILLION OZ.
OCT 31/WITH SILVER DOWN 18 CENTS: NO CHANGES IN SLV INVENTORY/INVENTORY RESTS AT 328.496 MILLION OZ/
OCT 30/WITH SILVER UP 4 CENTS TODAY: NO CHANGES IN SLV INVENTORY/INVENTORY RESTS AT 328.496 MILLION OZ
OCTOBER 29/WITH SILVER DOWN 27 CENTS NO A HUGE CHANGE IN SILVER INVENTORY AT THE SLV" A WITHDRAWAL OF 1.879 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 328.496 MILLION OZ.
OCTOBER 26/WITH SILVER UP 7 CENTS NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 330.375 MILLION OZ
OCT 25/WITH SILVER DOWN 7 CENTS: ANOTHER HUGE WITHDRAWAL OF 1.315 MILLION OZ FROM THE SLV INVENTORY/INVENTORY RESTS AT 330.375 MILLION OZ/
OCT 23/WITH SILVER UP 22 CENTS/A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.819 MILLION OZ /INVENTORY RESTS AT 331.690 MILLION OZ.
OCT 22/WITH SILVER DOWN 8 CENTS: A SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 470,000/INVENTORY RESTS AT 334.509 MILLION OZ/
OCT 19/WITH SILVER UP 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INV. RESTS AT 334.039 MILLION OZ
OCT 18/WITH SILVER DOWN 6 CENTS: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.127 MILLION /RESTS AT 334.039 MILLION OZ/
OCT 16/WITH SILVER DOWN 2 CENTS/NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.912 MILLION OZ/
OCT 15/WITH SILVER UP 10 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.912 MILLION OZ/
OCT 12/WITH SILVER UP 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.912 MILLION OZ/
OCT 11/WITH SILVER UP 25 CENTS TODAY; NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.912 MILLION OZ/
OCT 10/WITH SILVER DOWN 7 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 332.912 MILLION OZ/
OCT 9/WITH SILVER UP 9 CENTS TODAY: NO CHANGE IN SILVER INVENTORY: SLV INVENTORY RESTS AT 332.912 MILLION OZ
OCT 8/WITH SILVER DOWN 33 CENTS, A GOOD SIZE WITHDRAWAL OF 563,000 OZ/INVENTORY RESTS AT 332.912 MILLION OZ.
NOV 5/2018:
Inventory 326.005 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
HUGE JUMP IN LIBOR RATES TODAY./
THE RISE IN LIBOR IS CREATING A SCARCITY OF DOLLARS BECAUSE FOREIGN EXCHANGE SWAPS (COSTS) ARE SIMPLY PROHIBITIVE
YOUR DATA.....
6 Month MM GOFO 2.35/ and libor 6 month duration 2.83
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: + .58
XXXXXXXX
12 Month MM GOFO+ 2.61%
LIBOR FOR 12 MONTH DURATION: 3.11
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.50
end