Harvey Organ: Yesterday's Silver Trading Volume Alone Was 71.5% Of Annual Global Production
Huge demand for gold & silver continues as we press on in the middle of November. Here's Harvey with an important update on all of the critical numbers...
by Harvey Organ of Harvey Organ Blog
NOV 14: GOLD UP $8.15 TO $1209.30/SILVER UP 10 CENTS TO $14.10/BREXIT NEGOTIATIONS BECOME UNDONE AND THIS MAY LEAD TO THERESA MAY'S DEPARTURE/MIKE PENSE ISSUES STERN WARNING TO CHINA TO NEGOTIATE OR ELSE.../GERMANY'S LATEST QUARTER CONTRACTS DUE TO PLUMMETING CAR SALES/DEMOCRATS ARE ALREADY DEMANDING A CHANGE IN NAFTA AND THAT CAUSED CDN DOLLAR AND MEXICAN PESO TO FALTER/CANADA IS GETTING KILLED IN THE OIL SECTOR AS WESTERN OIL (SHUT IN) SELLS FOR 15 DOLLARS/
GOLD: $1209.30 UP $8.15 (COMEX TO COMEX CLOSINGS)
Silver: $14.10 UP 10 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : 1211.40
silver: $14.14
For comex gold and silver:
NOV
NUMBER OF NOTICES FILED TODAY FOR NOV CONTRACT:1 NOTICE(S) FOR 100
Total number of notices filed so far for NOV: 205 for 20500 OZ (0.6376 TONNES)
FOR NOVEMBER
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3 NOTICE(S) FILED TODAY FOR
15,000 OZ/
Total number of notices filed so far this month: 1404 for 7.020,000 oz
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Bitcoin: OPENING MORNING TRADE $6382: down $74
Bitcoin: FINAL EVENING TRADE: $5804 down 669
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 HUMONGOUS 4397 CONTRACTS FROM 220,290 UP TO 224,346 DESPITE YESTERDAY'S 5 CENT FALL IN SILVER PRICING AT THE COMEX. TODAY WE ARRIVED 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 STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:
0 EFP'S FOR NOV. 2178 EFP'S FOR DECEMBER AND 163 FOR MARCH AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE: OF 2341 CONTRACTS. WITH THE TRANSFER OF 2348 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 2341 EFP CONTRACTS TRANSLATES INTO 11.71 MILLION OZ ACCOMPANYING:
1.THE 5 CENT FALL 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 7,035,000 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:
28,852 CONTRACTS (FOR 10 TRADING DAYS TOTAL 28,852 CONTRACTS) OR 132.555 MILLION OZ: (AVERAGE PER DAY: 2954 CONTRACTS OR 14.72 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF NOV: 142.760 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 20.28% 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: 2,570.34 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 STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4397 DESPITE THE 5 CENT DECLINE IN SILVER PRICING AT THE COMEX //YESTERDAY. THE CME NOTIFIED US THAT WE HAD A VERY STRONG SIZED EFP ISSUANCE OF 2341 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 HUMONGOUS SIZED: 6738 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 2341 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP's) TOGETHER WITH INCREASE OF 4397 OI COMEX CONTRACTS. AND ALL OF THUS STRONG DEMAND HAPPENED WITH A 5 CENT FALL IN PRICE OF SILVER AND A CLOSING PRICE OF $14.00 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 39.05 MILLION OZ OF SILVER STANDING FOR DELIVERY, WITH HUGE DELIVERIES OF OVER 2 MILLION OZ IN OCTOBER (A NON DELIVERY MONTH) AND NOW 7.035 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 7.035 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 A HUMONGOUS SIZED 18,136 CONTRACTS UP TO 539,520 DESPITE THE LOSS IN THE COMEX GOLD PRICE/YESTERDAY'S TRADING (A DROP IN PRICE OF $1.75).THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 7804 CONTRACTS:
NOVEMBER HAD 0 EFP'S ISSUED AND, DECEMBER HAD AN ISSUANCE OF 7804 CONTACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 539,520. 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 ATMOSPHERIC SIZED RISE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 25,940 CONTRACTS: 18,136 OI CONTRACTS INCREASED AT THE COMEX AND 7804 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN: 25,940 CONTRACTS OR 2,594,000 OZ = 80.68 TONNES. AND ALL OF THIS STRONG DEMAND OCCURRED WITH A FALL IN THE PRICE OF GOLD/ YESTERDAY TO THE TUNE OF $1.75???.
FRIDAY, WE HAD 5477 EFP'S ISSUED.
ACCUMULATION OF EFP'S GOLD AT J.P. MORGAN'S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF NOV : 77,760 CONTRACTS OR 7,776,000 OZ OR 241.86TONNES (10 TRADING DAYS AND THUS AVERAGING: 7776 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 10 TRADING DAY IN TONNES: 241.86 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 241.86/2550 x 100% TONNES = 9.48% OF GLOBAL ANNUAL PRODUCTION SO FAR IN JULY ALONE.***
ACCUMULATION OF GOLD EFP'S YEAR 2018 TO DATE: 6,451.80 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 HUMONGOUS SIZED INCREASE IN OI AT THE COMEX OF 18,136 DESPITE THE LOSS IN PRICING ($1.75) THAT GOLD UNDERTOOK YESTERDAY) //.WE ALSO HAD A STRONG SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 7804 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 7804 EFP CONTRACTS ISSUED, WE HAD AN ATMOSPHERIC RISE OF 25,940 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
7804 CONTRACTS MOVE TO LONDON AND 18,136 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 80.68 TONNES). ..AND ALL OF THIS DEMAND OCCURRED WITHA LOSS OF $1.75 IN YESTERDAY'S TRADING AT THE COMEX????.
we had: 1 notice(s) filed upon for 100 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 UP $8.15 TODAY: /
NO CHANGES IN GOLD INVENTORY AT THE GLD/
/GLD INVENTORY 761.16 TONNES
Inventory rests tonight: 761.16 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 UP 10 CENTS TODAY
NO CHANGES IN SILVER INVENTORY AT THE SLV/
/INVENTORY RESTS AT 324.456 MILLION OZ.
Let us head over to the comex:
The total gold comex open interest ROSE BY A HUMONGOUS SIZED 18,136 CONTRACTS UP to an OI level 539,520 DESPITE THE FALL IN THE PRICE OF GOLD ($1.75 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 NON ACTIVE DELIVERY MONTH OF NOV.. 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 7804 EFP CONTRACTS WERE ISSUED:
NOV: 0 EFP'S AND DECEMBER: 7804 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 7804 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: 25,940 TOTAL CONTRACTS IN THAT 7804 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A HUMONGOUS 18164 COMEX CONTRACTS.
NET GAIN ON THE TWO EXCHANGES: 25,940 contracts OR 2,594,000 OZ OR 80.68 TONNES.
We are now in the non active contract month of November. For the November contract month, we have 7 notices standing so we LOST 0 contracts. We had 0 notices served YESTERDAY so we gained 0 contracts or an additional NIL oz of gold will stand for gold at the comex and these guys refused to morphed into London based forwards as well as negate receiving a fiat bonus for the trouble.
The next delivery month after November is the very big December contract month and here the OI FELL by 231 contracts to 327,145 contracts. January saw a RISE TO 3795 FOR A GAIN OF 227 CONTRACTS. February gained 13,483 contracts to stand at 146,634 contracts.
WE HAD 1 NOTICES FILED AT THE COMEX FOR 100 OZ.
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And now for the wild silver comex results.
Total silver OI rose BY 4397 CONTRACTS FROM 219,949 UP TO 224,346 (AND CLOSER 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 STRONG OI COMEX GAIN OCCURRED WITH A 5 CENT LOSS IN PRICING.
WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOVEMBER AND, WE WERE INFORMED THAT WE HAD A STRONG SIZED 2341 EFP CONTRACTS: FOR NOVEMBER: 0 CONTRACTS AND FOR ...
FOR DECEMBER: 2178 CONTRACTS, FOR MARCH 163 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: 2341. ON A NET BASIS WE GAINED 6738 SILVER OPEN INTEREST CONTRACTS AS WE OBTAINED A 4397 CONTRACT GAIN AT THE COMEX COMBINING WITH THE ADDITION OF 2341 OI CONTRACTS NAVIGATING OVER TO LONDON.
NET GAIN ON THE TWO EXCHANGES: 6738 CONTRACTS...AND ALL OF THIS VERY STRONG DEMAND OCCURRED WITH A 5 CENT LOSS IN PRICING// YESTERDAY???????
We are now in the non active delivery month of NOVEMBER and here we now have 6 notices standing for a gain of 3 contacts. We had 0 notices served upon yesterday so we gained 3 contracts or an additional 15,000 oz will stand for delivery as these longs refused to morph into London based forwards as well as not accepting a fiat bonus for their efforts.
After November, we have a December contract and here we LOST 1701 contracts DOWN to 139,310. January saw a GAIN of 196 contracts up to 1246 contracts. March, the next big delivery month after December saw a gain of 2805 contracts up to 63,704.
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: 259,360 contracts,
CONFIRMED COMEX VOL. FOR YESTERDAY: 294,143 contracts..
INITIAL standings for NOV/GOLD
NOV 14-/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: nil ozwe had 1 customer depositi) into Delaware: 3506.32 oztotal customer deposits 3506.32 ozwe had 2 adjustments...and I have been waiting for these:i) Out of Brinks: 2933.347 oz was adjusted out of the dealer and this landed into the customer account of Brinksthis is a settlement...ii) out of Int. Delaware 6563.950 oz was adjusted out of the dealer account and this landed into the customer account of IDtotal weight: 9497.29 oz or .2954 tonnesthey still have a little way to go as .65 tonnes is standing.
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 1 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 NOV/2018. contract month, we take the total number of notices filed so far for the month (205) x 100 oz , to which we add the difference between the open interest for the front month of NOV. (7 contracts) minus the number of notices served upon today (1 x 100 oz per contract) equals 21,100 OZ OR 0.6562 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 (205 x 100 oz) + {7)OI for the front month minus the number of notices served upon today (1x 100 oz )which equals 21100 oz standing OR 0.6562 TONNES in this NON active delivery month of NOVEMBER.
WE GAINED 0 CONTRACTS OR AN ADDITIONAL NIL WILL STAND AT THE COMEX AS THESE LONGS REFUSED TO MORPH INTO LONDON BASED FORWARDS AS WELL AS RECEIVE A FIAT BONUS. QUEUE JUMPING IN GOLD DID RETURN AS THE DEALERS QUEUE JUMPING OBTAINING GOLD AS THEY TRY AND PUT OUT FIRES ELSEWHERE.
THERE ARE ONLY 4.001 TONNES OF REGISTERED COMEX GOLD AVAILABLE FOR DELIVERY AGAINST 0.6562 TONNES STANDING FOR NOVEMBER
total registered or dealer gold: 138,146.468 oz or 4.001 tonnestotal registered and eligible (customer) gold; 8,023,872.749 oz 249.57 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
we had 1 inventory movement at the dealer side of things
i) Intop Brinks: 625,835.850 oz
total dealer deposits: 625,835.850 oz
total dealer withdrawals: 0 oz
we had 0 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 151.7 million oz of total silver inventory or 51.67% of all official comex silver. (151.7 million/293.9 million)
ii)Into everybody else: zero
total customer deposits today: nil oz
we had 3 withdrawal out of the customer account:i) Out of CNT: 29,260.843 ozii) Out of Brinks: 2956.300 oziii) Out of Delaware: 345,127,258 oz
total withdrawals: 377,344.401 oz
we had 3 adjustment and all adjusted out of the dealer and into the customer:
i) Brinks: 6,709,755.760 oz
ii) CNT: 617,963.905 oz
iii) Out of Scotia: 1,011,693.900 oz
total adjusted out 8.339 million oz and that should take care of settlements for silver in November.
total dealer silver: 80/224 million
total dealer + customer silver: 293,019 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 1404 x 5,000 oz = 7,020,000 oz to which we add the difference between the open interest for the front month of NOV. (6) 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: 1404(notices served so far)x 5000 oz + OI for front month of NOV( 6) -number of notices served upon today (3)x 5000 oz equals 7,035,000 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 GAINED 0 contracts or an additional NIL OZ will stand at the comex as these longs refused to accept a London based forwards as well as negating the right to receive a fiat bonus.
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ESTIMATED VOLUME FOR TODAY: 91,953 CONTRACTS ...
CONFIRMED VOLUME FOR YESTERDAY: 100,115 CONTRACTS...
YESTERDAY'S CONFIRMED VOLUME OF 100,115 CONTRACTS EQUATES to 500 million OZ 71.5% 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 -5.03% (NOV 13/2018)2. Sprott gold fund (PHYS): premium to NAV FALLS TO -2.25% to NAV (NOV 13/2018 )Note: Sprott silver trust back into NEGATIVE territory at -5.03%-/Sprott physical gold trust is back into NEGATIVE/
(courtesy Sprott/GATA)
3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 12.07/TRADING 11.51/DISCOUNT 4.60
END
And now the Gold inventory at the GLD/
NOV 14/WITH GOLD UP $8.15: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 761.16 TONNES
NOV 13/WITH GOLD DOWN $1.75: A HUGE DEPOSIT OF 6.77 TONNES AT THE GLD/THAT SHOULD END THE WHACKING OF GOLD FOR NOW AND A SMALL WITHDRAWAL OF 84 TONNES: INVENTORY RESTS AT 761.16 TONNES
NOV 12/WITH GOLD DOWN $4.65: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 755.23
NOV 9/WITH GOLD DOWN $16.80: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 755.23 TONNES
NOV 8/WITH GOLD DOWN $3.30: A WITHDRAWAL OF 1.47 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 755.23 TONNES
NOV 7/WITH GOLD UP $2.60?EUR? NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 756.70 TONNES
NOV 6/WITH GOLD DOWN $5.80 A SMALL WITHDRAWAL OF .58 TONNES OF GOLD FROM THE GLD/INVENTORY RESTS AT 756.70 TONES
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
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NOV 13.2018/ Inventory rests tonight at 761.16 tonnes
*IN LAST 496 TRADING DAYS: 173.99 NET TONNES HAVE BEEN REMOVED FROM THE GLD*LAST 396 TRADING DAYS: A NET 13.69 TONNES HAVE NOW BEEN REMOVED FROM GLD INVENTORY.
end
Now the SLV Inventory/
NOV 14/WITH SILVER UP 10 CENTS/NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 324.456 MILLION OZ
NOV 13/WITH SILVER DOWN 15 CENTS; A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 328,000 OZ FROM THE SLV/INVENTORY RESTS AT 324.456 MILLION OZ/
NOV 12/WITH SILVER DOWN 10 CENTS/ A SMALL CHANGE IN SILVER INVENTORY A THE SLV: A WITHDRAWAL OF 940,000 OZ/INVENTORY RESTS AT 324.784 MILLION OZ
NOV 9/WITH SILVER DOWN 29 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 325.724 MILLION OZ/
NOV 8/WITH SILVER DOWN 15 CENTS: A SMALL WITHDRAWAL OF 281,000 OZ FROM THE SLV/INVENTORY RESTS AT 325.724 MILLION OZ.
NOV 7: WITH SILVER UP 8 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 326.005 MILLION OZ/
NOV 6/WITH SILVER DOWN 14 CENTS: NO CHANGE IN SILVER INVENTORY/INVENTORY RESTS AT 326.005 MILLION OZ/
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 14/2018:
Inventory 324.456 MILLION OZ
LIBOR SCHEDULE AND GOFO RATES:
SMALL 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 2.33/ and libor 6 month duration 2.86
Indicative gold forward offer rate for a 6 month duration/calculation:
G0LD LENDING RATE: + .53
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12 Month MM GOFO+ 2.66%
LIBOR FOR 12 MONTH DURATION: 3.13
GOFO = LIBOR - GOLD LENDING RATE
GOLD LENDING RATE = +.47
end