It seems that silver OI is static..the bankers are having a tough time trying to knock off the silver leaves from the silver tree.

a little surprise in the gold OI:  it fell by 5507 contracts down to 454,101 despite the $1.80 rise
everything else normal
gold standing 10.606 tonnes
silver:
a surprise: instead of silver OI falling it remained constant losing only 73 contracts down to 198,233
it seems that this number is static..the bankers are having a tough time trying to knock off the silver leaves from the silver tree.
we neither gained nor lost any silver contracts standing for the June non active month
thus amt standing;  4,595,000 oz
July contract: open interest standing
87,367 vs last yr 90,784
here is your data for Monday

For comex gold:

JUNE/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH:  45 NOTICE(S) FOR 4500  OZ.

TOTAL NOTICES SO FAR: 2589 FOR 258,900 OZ    (8.0528 TONNES)

 
 
 

For silver:

For silver:

JUNE 3 NOTICES FILED TODAY FOR

 

15,000  OZ/

Total number of notices filed so far this month: 914 for 4,570,000 oz

Let us head over to the comex:

The total gold comex open interest FELL BY A HUGE 5,507 CONTRACTS DOWN to an OI level of 454,101 WITH THE RISE IN THE PRICE OF GOLD ($1.80 with FRIDAY’S trading)., . An open interest of around 390,000 to 400,000 is core and nothing will move these guys from their contracts.

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 LOSS OF 338 contract(s)FALLING TO  866.  We had 336 notices filed yesterday so we LOST 2  contracts or an additional 200 oz will NOT  stand for delivery in this very active delivery month of June AND  2 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 AT THE COMEX ARE SO FAR REFUSING THAT FIAT BONUS (OVER 11 TONNES STANDING)

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 181 contracts to stand at 2061 contracts. The next big active month is August and here the OI LOST 6,101 contracts DOWN to 324,634,  as the bankers trying to keep this month down to manageable size.

We had 45 notice(s) filed upon today for 4500 oz

For JUNE:
 

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 45  contract(s)  of which 0 notices were stopped (received) by j.P. Morgan dealer and 26 notice(s) was (were) stopped/ Received) by j.P.Morgan customer account.

 
 
 
 
 
 
 
 
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To 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 (2589) x 100 oz or 258,900 oz, to which we add the difference between the open interest for the front month of JUNE (866 contracts) minus the number of notices served upon today (45) x 100 oz per contract equals 341,000  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 (2589) x 100 oz  or ounces + {(866)OI for the front month  minus the number of  notices served upon today (45) x 100 oz which equals 341,000 oz standing in this  active delivery month of JUNE  (10.606 tonnes)
.
WE LOST 2 CONTRACTS OR AN ADDITIONAL 200 OZ WILL NOT STAND AT THE COMEX AND 2 CONTRACTS) 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. YOU CAN NOW SEE WHY THE COT REPORTS ARE DISTORTED DUE TO THE ISSUANCE OF THESE EFP CONTRACTS 
 
 And now for the wild silver comex results.  Total silver OI FELL BY ONLY 73 contracts FROM 202,393 DOWN TO 198,233 WITH FRIDAY’S 5 CENT LOSS. OUR BANKER FRIENDS ARE DESPERATELY TRYING TO COVER THEIR SHORTS IN SILVER BUT AS YOU CAN SEE  THEY HAVE NOT BEEN AS SUCCESSFUL AS THEY WOULD HAVE LIKED.
 
 
 
 
We are in the NON active delivery month is JUNE  Here the open interest LOST 10 contract(s) FALLING TO 8 contracts. We had 10 notices served upon yesterday so we  GAINED 0 CONTRACTS OR AN ADDITIONAL  NIL 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.
 

The next big active month will be July and here the OI LOST 2,424 contracts DOWN to 87,367 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 7 contracts to stand at 81.  The next big active delivery month for silver will be September and here the OI already jumped by another 2616 contracts up to 70,319.

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

 Monday, June 20.2016:  90,784 contracts were still outstanding vs 87,367 contracts June 19.2017

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  (4,595,000 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.

As for the July contracts:

Initial amount that stood for silver for the July 2016 contract:  14.785 million  oz

Final standing:  12.370 million with the difference being EFP’s taking delivery in London.

 

We had 3 notice(s) filed for 15,000 oz for the June 2017 contract

 The total number of notices filed today for the JUNE. 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 JUNE., we take the total number of notices filed for the month so far at 914 x 5,000 oz  = 4,570,000 oz to which we add the difference between the open interest for the front month of JUNE (8) 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 JUNE contract month:  914 (notices served so far)x 5000 oz  + OI for front month of JUNE.(8 ) -number of notices served upon today (3)x 5000 oz  equals  4,595,000 oz  of silver standing for the JUNE contract month.
 
We gained 0 contracts or an additional 0 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. THIS IS THE 13TH CONSECUTIVE TRADING DAY THAT WE EITHER GAINED NOR DID WE LOSE ANY SILVER CONTRACTS THROUGH THE EFP ROUTE.

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