Harvey Organ: Somebody Is Pulling MASSIVE Amounts Of Silver Out Of The COMEX
Harvey says there has just been a huge amount of activity in silver at the COMEX with somebody taking a massive delivery. Here are the details...
by Harvey Organ of Harvey Organ Blog
OCTOBER 29/DOW PLUMMETS 242 POINTS WITH THE NASDAQ DOWN 116.92: THE DOW FROM ITS HIGHS: DOWN 900 POINTS/GOLD DOWN $7.75 TO $1225.80/SILVER DOWN 27 CENTS TO $14.42/TRUMP STATES THAT IF THE MEETING WITH XI FAILS THEN THE USA WILL TARIFF ALL CHINESE GOODS: THE CHINESE YUAN FINISHES THE DAY ALMOST AT 6.97 TO THE DOLLAR/MERKEL HANDED A BIG DEFEAT IN HESSE: SHE WILL DROP BEING HEAD OF THE CDU BUT STILL BE THE CHANCELLOR/AS PROMISED TO YOU THE USA TRUE DEFICIT IS 1.3 TRILLION (NOT INCLUDING THE FED BOND ROLL OFF)
I WILL TRY TO DELIVER A COMMENTARY TOMORROW BUT I MAY NOT BE ABLE TO.
H
GOLD: $1225.80 DOWN $7.75 (COMEX TO COMEX CLOSINGS)
Silver: $14.42 DOWN 27 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : 1229.10
silver: $14.46
For comex gold and silver:
OCT
NUMBER OF NOTICES FILED TODAY FOR OCT CONTRACT: 14 NOTICE(S) FOR 1400 OZ
Total number of notices filed so far for OCT: 1838 for 183800 OZ (5.7169 TONNES)
FOR OCTOBER
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0 NOTICE(S) FILED TODAY FOR
nil OZ/
Total number of notices filed so far this month: 502 for 2,510,000 oz
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Bitcoin: OPENING MORNING TRADE $6433: down $60
Bitcoin: FINAL EVENING TRADE: $6340 down 154
end
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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
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In silver, the total OPEN INTEREST ROSE BY A CONSIDERABLE 1145 CONTRACTS FROM 204,498 UP TO 205,643 WITH YESTERDAY'S 7 CENT RISE IN SILVER PRICING AT THE COMEX. TODAY WE MOVED CLOSER TO 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 FAIR SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:
0 EFP'S FOR NOV. 691 EFP'S FOR DECEMBER AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE: OF 691 CONTRACTS. WITH THE TRANSFER OF 691 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 691 EFP CONTRACTS TRANSLATES INTO 3.455 MILLION OZ ACCOMPANYING:
1.THE 7 CENT RISE 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. AND 2,520,000 OZ STANDING IN OCTOBER.
ACCUMULATION FOR EFP'S/SILVER/J.P.MORGAN'S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF SEPT:
39,672 CONTRACTS (FOR 21 TRADING DAYS TOTAL 39,672 CONTRACTS) OR 198.36 MILLION OZ: (AVERAGE PER DAY: 1889 CONTRACTS OR 9.445 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF SEPT: 198.36 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 28.33% 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: 2,417.8 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
RESULT: WE HAD A CONSIDERABLE INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1145 WITH THE 7 CENT RISE IN SILVER PRICING AT THE COMEX //YESTERDAY. THE CME NOTIFIED US THAT WE HAD A FAIR SIZED EFP ISSUANCE OF 691 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: 1836 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 691 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH INCREASE OF 1145 OI COMEX CONTRACTS. AND ALL OF DEMAND HAPPENED WITH A 7 CENT RISE IN PRICE OF SILVER AND A CLOSING PRICE OF $14.70 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 AND IN SEPTEMBER AN FINAL MONSTROUS 39.505 MILLION OZ OF SILVER STANDING FOR DELIVERY... 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. 1.025 BILLION OZ TO BE EXACT or 147% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT AUGUST MONTH/ THEY FILED AT THE COMEX: 0 NOTICE(S) FOR NIL 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./AND NOW OCTOBER: 2,520,000 ozHUGE 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 A GOOD SIZED 3274 CONTRACTS UP TO 488,496 WITH THE SMALL GAIN IN THE COMEX GOLD PRICE/FRIDAY'S TRADING (A RISE IN PRICE OF $3.65).THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A VERY STRONG SIZED 9110 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 9110 CONTACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 488,496. 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 A HUMONGOUS OI GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 12,384 CONTRACTS: 3275 OI CONTRACTS INCREASED AT THE COMEX AND 9110 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN: 12,384 CONTRACTS OR 1,238,400 OZ =38.52 TONNES. AND ALL OF THIS DEMAND OCCURRED WITH A SMALL RISE IN THE PRICE OF GOLD/ FRIDAY TO THE TUNE OF $3.65??.
YESTERDAY, WE HAD 5874 EFP'S ISSUED.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF SEPT : 161,007 CONTRACTS OR 16,100,700 OZ OR 500.799 TONNES (21 TRADING DAYS AND THUS AVERAGING: 7622 EFP CONTRACTS PER TRADING DAY OR 762,200 OZ/ TRADING DAY),,
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 21 TRADING DAYS IN TONNES: 500.799 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 500.799/2550 x 100% TONNES = 19.63% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JULY ALONE.***
ACCUMULATION OF GOLD EFP'S YEAR 2018 TO DATE: 6,168.38* 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)
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 GOOD SIZED INCREASE IN OI AT THE COMEX OF 3274 DESPITE THE SMALL GAIN IN PRICING ($3.65) THAT GOLD UNDERTOOK FRIDAY) //. WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 9110 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 9110 EFP CONTRACTS ISSUED, WE HAD AN HUGE GAIN OF 14,699 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
9110 CONTRACTS MOVE TO LONDON AND 3274 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 38.52 TONNES). ..AND ALL OF THIS HUGE DEMAND OCCURRED WITH A SMALL GAIN OF $3.65 IN YESTERDAY'S TRADING AT THE COMEX.??
we had: 14 notice(s) filed upon for 1400 oz of gold at the comex.
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With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD DOWN $7.75 TODAY: /
NO CHANGES IN GOLD INVENTORY TODAY
/GLD INVENTORY 749.64 TONNES
Inventory rests tonight: 749.64 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 27 CENTS TODAY
A HUGE CHANGE IN SILVER INVENTORY AT THE SLV
A WITHDRAWAL OF 1.879 MILLION OZ FROM THE SILVER INVENTORY
/INVENTORY RESTS AT 328.496 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 ROSE BY A GOOD SIZED 3274 CONTRACTS UP to an OI level 488,496 DESPITE THE SMALL RISE IN THE PRICE OF GOLD ($3.65 IN YESTERDAY'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 ACTIVE DELIVERY MONTH OF OCT.. THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED COMEX TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 9110 EFP CONTRACTS WERE ISSUED:
OCTOBER: 0 EFP'S AND DECEMBER: 9110 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 9110 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 12,384 TOTAL CONTRACTS IN THAT 9110 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A GOOD 3274 COMEX CONTRACTS.
NET GAIN ON THE TWO EXCHANGES: 12,384 contracts OR 1,238,400 OZ OR 38.52 TONNES.
Result: A GOOD SIZED INCREASE IN COMEX OPEN INTEREST DESPITE THE SMALL RISE IN PRICE/ YESTERDAY (ENDING UP WITH THE RISE IN PRICE OF ($3.65). THE TOTAL OPEN INTEREST GAIN ON THE TWO EXCHANGES: 12,384 OI CONTRACTS..
We are now in the active contract month of OCTOBER. For the October contract month, we LOST 10 contracts to 14 contracts. We had 10 notices yesterday, so we GAINED 0 contracts or NIL oz will stand for delivery at the comex and these guys refused to march over to London as they shunned receiving London based forwards on top of a fiat bonus.
The next delivery month is the non active NOVEMBER contract month and here the OI FELL by 60 contracts DOWN to 194. The next delivery month after November is the very big December contract month and here the OI ROSE by 1300 contracts UP to 373,789 contracts.
WE HAD 14 NOTICES FILED AT THE COMEX FOR 1400 OZ.
FOR COMPARISON BETWEEN LAST YR AND TODAY:
FOR THE OCTOBER CONTRACT MONTH: OCTOBER IS THE WEAKEST OF ALL DELIVERY MONTHS IN GOLD.
FOR THE COMEX OCT 2017 GOLD CONTRACT MONTH: WE INITIALLY HAD 300,600 OZ STAND FOR DELIVERY OR 9.349 TONNES. (VS 13.695 TONNES OCT 2018)
AT THE CONCLUSION OF THE OCTOBER/2017 TRADING MONTH: 333,300 OZ OR 10.367 TONNESFINALLY STOOD FOR DELIVERY
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And now for the wild silver comex results.
Total silver OI ROSE BY 1145 CONTRACTS FROM 204,498 UP TO 205,643 (AND CLOSER TO 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 GOOD OI COMEX GAIN OCCURRED WITH A 7 CENT GAIN IN PRICING.
WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF OCTOBER AND, WE WERE INFORMED THAT WE HAD A FAIR SIZED 691 EFP CONTRACTS: FOR NOVEMBER: 0 CONTRACTS AND FOR ...
FOR DECEMBER: 691 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: 691. ON A NET BASIS WE GAINED 1836 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED 1145 CONTRACT GAIN AT THE COMEX COMBINING WITH THE ADDITION OF 691 OI CONTRACTS NAVIGATING OVER TO LONDON.
NET GAIN ON THE TWO EXCHANGES: 1836 CONTRACTS...AND ALL OF THIS HUGE DEMAND OCCURRED WITH A 7 CENT RISE IN PRICING// YESTERDAY.
We are now in the non active delivery month of October and here we had a LOSS of 0 contracts to stand at 2 contracts. We had 0 notices filed YESTERDAY so we gained 0 contracts or AN ADDITIONAL NIL oz will stand for delivery at the comex as these guys refused to accept a London based forward plus as well as a fiat bonus . Somebody was after badly needed physical silver.
After October, is the non active delivery month of November and here we gained 6 contracts up to 1270 contracts. After November, we have a December contract and here we lost 952 contracts up to 159,741
We had 0 notice(s) filed for NIL OZ for the SEPTEMBER 2018 COMEX contract for silver
Trading Volumes on the COMEX
PRELIMINARY COMEX VOLUME FOR TODAY: 213,637 contracts,
CONFIRMED COMEX VOL. FOR YESTERDAY: 327,618 contracts..
AND NOW COMPARISON FOR OCTOBER:
FOR THE OCTOBER 2017 CONTRACT MONTH WE HAD 4.205,000 OZ OF SILVER INITIALLY STAND FOR DELIVERY.
BY MONTH'S END WE HAD 5,475,000 OZ FINALLY STAND AS QUEUE JUMPING IN SILVER WAS ALREADY IN THE NORM.
OCTOBER IS A NON ACTIVE DELIVERY MONTH FOR SILVER BUT AS YOU CAN SEE OCT 2017 DELIVERIES WERE PRETTY
GOOD.
INITIAL standings for OCT/GOLD
OCT 29-/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 0 withdrawal out of the customer account:total customer withdrawals: 0 ozwe had 0 customer deposittotal customer deposits: NIL ozwe had 0 adjustment..
FOR THE OCTOBER 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 14 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxTo calculate the INITIAL total number of gold ounces standing for the OCT/2018. contract month, we take the total number of notices filed so far for the month (1838) x 100 oz or 100 oz, to which we add the difference between the open interest for the front month of OCT. (14 contracts) minus the number of notices served upon today (14 x 100 oz per contract) equals 183,800 OZ OR 5.7186 TONNES) the number of ounces standing in this non active month of OCT
Thus the INITIAL standings for gold for the OCT/2018 contract month:
No of notices served (1838 x 100 oz) + {14)OI for the front month minus the number of notices served upon today (14x 100 oz )which equals 183,800 oz standing OR 5.7186 TONNES in this active delivery month of OCTOBER.
We gained 0 contracts or NIL oz of gold will stand as these guys refused to morph into London based forwards as well as shunning a fiat bonus
THERE ARE ONLY 4.2819 TONNES OF REGISTERED COMEX GOLD AVAILABLE FOR DELIVERY AGAINST 5.7169 TONNES STANDING FOR OCTOBER
total registered or dealer gold: 137,664.218 oz or 4.2819 tonnestotal registered and eligible (customer) gold; 8,086,768.222 oz 251.53 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 25 MONTHS 104 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 OCTOBER DELIVERY MONTH
OCTOBER INITIAL standings/SILVER
we had 1 inventory movement at the dealer side of things
i) Into Brinks: 604,135.800 oz
total dealer deposits: 604,135.800 oz
total dealer withdrawals: 0 oz
we had 2 deposit into the customer account
i) Into JPMorgan: 606.53.200 oz
*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.
JPMorgan now has 149.1 million oz of total silver inventory or 51.5% of all official comex silver. (149.1 million/289.613 million)
ii)Into Scotia: 524,340.210 oz
total customer deposits today: 1,130,877.410 oz
we had 1 withdrawals from the customer account;
i) Out of CNT: 2.470.191.030 oz
total withdrawals: 2,470,191.030 oz
it seems that somebody is pulling (taking delivery) of a massive amount of silver somewhere.
this is a huge amount of activity
we had 0 adjustments
total dealer silver: 80.210 million
total dealer + customer silver: 289.613 million oz
The total number of notices filed today for the OCTOBER 2018. contract month is represented by 0 contract(s) FOR NIL oz. To calculate the number of silver ounces that will stand for delivery in OCT., we take the total number of notices filed for the month so far at 502 x 5,000 oz = 2,510,000 oz to which we add the difference between the open interest for the front month of OCT. (2) and the number of notices served upon today (0 x 5000 oz) equals the number of ounces standing.
.
Thus the INITIAL standings for silver for the OCT/2018 contract month: 502(notices served so far)x 5000 oz + OI for front month of OCT( 2) -number of notices served upon today (0)x 5000 oz equals 2,520,000 oz of silver standing for the OCT contract month. This is a huge number of oz standing for an off delivery month.
We gained 0 contract or an additional NIL oz will be standing at the Comex as these guys refused to morph into London based forwards on top of not receiving a fiat bonus .
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ESTIMATED VOLUME FOR TODAY: 88.258 CONTRACTS ...
CONFIRMED VOLUME FOR YESTERDAY: 88,337 CONTRACTS..
YESTERDAY'S CONFIRMED VOLUME OF 75,305 CONTRACTS EQUATES TO 441 million OZ OR 63.0% 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 -4.93% (OCT 29/2018)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -1.64% to NAV (OCT 29/2018 )Note: Sprott silver trust back into NEGATIVE territory at -4.93%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 12.39/TRADING 11.80/DISCOUNT 4.80
END
And now the Gold inventory at the GLD/
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
OCT 5/WITH GOLD UP $3.75, WE HAD A BIG WITHDRAWAL OF 1.47 TONNES FROM THE GLD INVENTORY/INVENTORY RESTS AT 730.17 TONNES
OCT 4/WITH GOLD DOWN $1.90/WE HAD NO CHANGES IN GOLD INVENTORY AT THE GLD/731.64 TONNES
OCT 3/WITH GOLD DOWN $4.05, ANOTHER HUGE REMOVAL OF 6.18 TONNES
OCT 2 WITH GOLD UP $15.80 TODAY A HUGE WITHDRAWAL OF 8.35 TONNES
OCT 1...GOLD ADDS 3.94 TONNES TO THE GLD INVENTORY RESTS AT 746.17 TONNES
SEPT 28/WITH GOLD UP $8.90/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 742.23 TONNES
SEPT 27/WITH GOLD DOWN $10.90: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 742.23 TONNES
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OCT 29.2018/ Inventory rests tonight at 749.64 tonnes
*IN LAST 485 TRADING DAYS: 183.57 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 385 TRADING DAYS: A NET 27.04 TONNES HAVE NOW BEEN REMOVED FROM GLD INVENTORY.
end
Now the SLV Inventory/
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.
OCT 5/WITH SILVER UP 5 CENTS, NO CHANGE IN SILVER INVENTORY AT THE SLV
OCT 4/WITH SILVER DOWN 9 CENTS/A WITHDRAWAL OF 1.316 MILLION OZ
OCT 3 WITH SILVER FLAT, A GOOD INCREASE OF 1.879 MILLION OZ INTO INVENTORY
OCT 2 A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/INVENTOR RESTS AT 332.912
OCT 1.NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 333.046 MILLION OZ.
SEPT 28/WITH SILVER UP 41 CENTS, STRANGELY WE HAD A WITHDRAWAL OF .517 MILLION OZ AT THE SLV.INVENTORY RESTS AT 333.046 MILLION OZ/
SEPT 27/WITH SILVER DOWN 10 CENTS: A HUGE WITHDRAWAL OF 1.457 MILLION OZ AT THE SLV/INVENTORY RESTS AT 333.563 MILLION OZ/
OCT 29/2018:
Inventory 328.496 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
HUGE JUMP IN LIBOR RATES TODAY.
YOUR DATA.....
6Month MM GOFO 2.38/ and libor 6 month duration 2.78
Indicative gold forward offer rate for a 6 month duration/calculation:
G0FO+ .40
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12 Month MM GOFO+ 2.63%
LIBOR FOR 12 MONTH DURATION: 3.06
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.43
end