Harvey Organ: Monstrous 171,000 Open Interest Contracts Still Standing In Gold


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A huge whale is taking on gold and taking on the COMEX. Harvey explains…

by Harvey Organ of Harvey Organ Blog

NOV 26//GOLD UP $3.10 TO $1460.25//SILVER UP 14 CENTS TO $17.05//WITH TWO MORE DAYS BEFORE FIRST DAY NOTICE; A MONSTROUS 171,000 OPEN INTEREST CONTRACTS STILL STANDING IN GOLD: SOMEBODY IS TAKING ON THE COMEX//TRADE DEFICIT FOR THE USA N

GOLD:$1460.25 UP $3.10    (COMEX TO COMEX CLOSING)

SILVER  $17.05 UP 14 CENTS  (COMEX TO COMEX CLOSING) :

Closing access prices:

Gold :  $1462.50

silver:  $17.10

We now enter options expiry for the November contract month.

The Comex options expired yesterday:  Monday Nov 25/2019

London’s /LBMA and OTC Nov 29.2019

TWO more reading days before first day notice

gold/silver prices will be subdued until the conclusion of the week.

COMEX DATA

JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)

today RECEIVING: 0/12

we are coming very close to a commercial failure!!

NUMBER OF NOTICES FILED TODAY FOR  NOV CONTRACT: 12 NOTICE(S) FOR 1200 OZ (0.0373 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  1729 NOTICES FOR 172,900 OZ  (5.3779 TONNES)

 

 

 

SILVER

FOR NOV

0 NOTICE(S) FILED TODAY FOR nil  OZ/

total number of notices filed so far this month: 532 for 2,660,000 oz

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Bitcoin: OPENING MORNING TRADE :  $ 7166 UP 61

Bitcoin: FINAL EVENING TRADE: $ 7103 DOWN 5

 

Let us have a look at the data for today

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IN SILVER THE COMEX OI  FELL BY A HUGE  SIZED 10,723 CONTRACTS FROM 223,779 DOWN TO 213,056 WITH THE 12 CENT LOSS IN SILVER PRICING AT THE COMEX.

TODAY WE ARRIVED FURTHER FROM  AUGUST’S 2018  RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.

WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY 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 LARGE SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:,

FOR NOV 0,; DEC  1113 AND; MARCH; 437; AND ZERO FOR ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  1550 CONTRACTS. WITH THE TRANSFER OF 1550 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 1550 EFP CONTRACTS TRANSLATES INTO 7.75 MILLION OZ  ACCOMPANYING:

1.THE 12 CENT GAIN IN SILVER PRICE AT THE COMEX AND

2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST 12 MONTHS:

JUNE/2018. (5.420 MILLION OZ);

FOR JULY: 30.370 MILLION OZ

FOR AUG., 6.065 MILLION OZ

FOR SEPT. 39.505 MILLION  OZ S

FOR OCT.2.525 MILLION OZ.

FOR NOV:  A HUGE 7.440 MILLION OZ STANDING  AND

21.925 MILLION OZ FINALLY STAND FOR DECEMBER.

5.845 MILLION OZ STAND IN JANUARY.

2.955 MILLION OZ STANDING FOR FEBRUARY.:

27.120 MILLION OZ STANDING IN MARCH.

3.875 MILLION OZ STANDING FOR SILVER IN APRIL.

18.845 MILLION OZ STANDING FOR SILVER IN MAY.

2.660 MILLION OZ STANDING FOR SILVER IN JUNE//

22.605 MILLION OZ  STANDING FOR JULY

10.025   MILLION OZ  STANDING IN AUGUST.

43.030   MILLION OZ  STANDING IN SEPT. (HUGE)

7.65     MILLION OZ  STANDING IN OCT

2,630    MILLION OZ FINALLY STANDING IN NOV.

MONDAY, THE CROOKS ORCHESTRATED ANOTHER  RAID ON SILVER AND GOLD AS OPTIONS ON THE COMEX EXPIRED  YESTERDAY NIGHT… THEY AGAIN USED HUGE COPIOUS NON BACKED PAPER IN THEIR  SUCCESSFUL ENDEAVOUR TO WHACK SILVER’S PRICE ( IT WAS DOWN 12 CENTS ). ALSO OUR OFFICIAL SECTOR/BANKERS  WERE  SUCCESSFUL IN THEIR ATTEMPT TO FLEECE   SOME SILVER LONGS AS THE TOTAL LOSS IN OI ON BOTH EXCHANGES TOTALED A STRONG 9137 CONTRACTS. OR 62.09 MILLION OZ…..HOWEVER BECAUSE DECEMBER IS ALSO AN ACTIVE MONTH I AM SURE THAT THE MAJORITY OF THE LOSS WAS DUE TO SPREADING AS WELL.  WE WILL KNOW FOR SURE ON FRIDAY WHEN WE SEE THE COT REPORT

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF NOV:

37,720 CONTRACTS (FOR 18 TRADING DAYS TOTAL 37,720 CONTRACTS) OR 188.60 MILLION OZ: (AVERAGE PER DAY: 2095 CONTRACTS OR 10.47 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF NOV:  188.60 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 26.94% 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 2019 TO DATE SILVER EFP’S:          1780.44   MILLION OZ.

JANUARY 2019 EFP TOTALS:                                                      217.455. MILLION OZ

FEB 2019 TOTALS:                                                                       147.4     MILLION OZ/

MARCH 2019 TOTAL EFP ISSUANCE:                                          207.835 MILLION OZ

APRIL 2019 TOTAL EFP ISSUANCE:                                              182.87  MILLION OZ.

MAY 2019: TOTAL EFP ISSUANCE:                                                136.55 MILLION OZ

JUNE 2019 , TOTAL EFP ISSUANCE:                                               265.38 MILLION OZ

JULY 2019   TOTAL EFP ISSUANCE:                                                175.74 MILLION OZ

AUG. 2019  TOTAL EFP ISSUANCE;                                                 216.47 MILLION OZ

SEPT 2019 TOTAL EFP ISSUANCE                                                  174.900 MILLION OZ

OCT 2019 TOTAL  EFP ISSUANCE:                                                  146.14 MILLION OZ

RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 10,230, WITH THE 12 CENT LOSS IN SILVER PRICING AT THE COMEX /YESTERDAY… THE CME NOTIFIED US THAT WE HAD A  STRONG SIZED EFP ISSUANCE OF 1550 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 LOST A HUGE SIZED: 9173 TOTAL OI CONTRACTS ON THE TWO EXCHANGES: 

i.e 1550 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH DECREASE OF 10,230  OI COMEX CONTRACTS. AND ALL OF THIS LACK OF   DEMAND HAPPENED WITH A SMALL 12 CENT LOSS IN PRICE OF SILVER AND A CLOSING PRICE OF $16.91 WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY!!  MOST LIKELY THE MAJORITY OF THE COMEX LOSS WAS DUE TO SPREADING LIQUIDATION!

 

 

In ounces AT THE COMEX, the OI is still represented by JUST OVER 1 BILLION oz i.e. 1.065 BILLION OZ TO BE EXACT or 152% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH 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 244,196 CONTRACTS ON AUG 22.2018.  AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.78.  

 

.

 

ON THE DEMAND SIDE WE HAVE THE FOLLOWING:

  1. 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:  A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz  NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ   JANUARY AT  5.825 MILLION OZ.AND FEB 2019:  2.955 MILLION OZ/ MARCH: 27.120 MILLION OZ/  APRIL AT 3.875 MILLION OZ/ A MAY:  18.845 MILLION OZ ..JUNE 2.660 MILLION OZ//JULY 22.605 MILLION OZ; AUGUST 10.025 MILLION OZ/ SEPT 43.030 MILLION OZ//OCT: 7.665 MILLION OZ//   
  2.  THE  RECORD WAS SET IN AUGUST 22/2018:  244,196 CONTRACTS,  WITH A SILVER PRICE OF $14.78//.
  3. HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017 RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLION OZ/  AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ

AND 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 COMEX OPEN INTEREST FELL BY A HUGE SIZED 30,493 CONTRACTS, AND MOVING AWAY FROM THAT NEW ALL TIME RECORD OF 719,211 (SET NOV 20/2019). THE NEW OI RESTS AT 661,972.   THE MAJORITY OF THE LOSS IN COMEX OI WAS DUE TO LIQUIDATION OF THE SPREADERS 

THE LOSS IN COMEX OI  OCCURRED WITH A CONSIDERABLE $6.45 PRICING LOSS ACCOMPANYING COMEX GOLD TRADING// YESTERDAY// /

 

 

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 10,230 CONTRACTS:

NOV 2019: 0 CONTRACTS, DEC>  9858 CONTRACTS AND ALL OTHER MONTHS ZERO.  The NEW COMEX OI for the gold complex rests at 661,972,,.  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 AND CRIMINALLY SIZED LOSS IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 19,963 CONTRACTS: 30,493 CONTRACTS DECREASED AT THE COMEX  AND 10,230 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS OF 19,963 CONTRACTS OR 1,996,300 OZ OR 62.09 TONNES.  YESTERDAY WE HAD A LOSS OF $6.45 IN GOLD TRADING….

AND WITH THAT LOSS IN  PRICE, WE STILL  HAD AN ATMOSPHERIC LOSS IN GOLD TONNAGE ON OUR TWO EXCHANGES OF 62.09  TONNES!!!!!! THE BANKERS/OFFICIAL SECTOR WERE SUPPLYING INFINITE SUPPLIES OF SHORT GOLD COMEX PAPER WITH RECKLESS ABANDON AS ANOTHER RAID WAS AGAIN INITIATED. THE BANKERS WERE SUCCESSFUL IN THEIR ATTEMPT TO LOWER GOLD’S PRICE (DOWN $6.45) .THEY WERE DEFINITELY SOMEWHAT SUCCESSFUL IN FLEECING  GOLD LONGS FROM THE GOLD ARENA.  I WOULD GUESS THAT THE AS THE MAJORITY OF THE  LOSS IN COMEX OI WAS DUE TO THE LIQUIDATION OF SPREADERS.. 

 

FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:

THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR SILVER..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR GOLD.  THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE

FOR THOSE OF YOU WHO ARE NEWCOMERS HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;

MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:

.

 

 

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:

 

 

“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO GOLD AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.

HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF OCT HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF OCTOBER FOR GOLD.

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES, HERE IS THE BANKERS MODUS OPERANDI:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE IN THIS NON ACTIVE MONTH OF NOV BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN GOLD WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (DEC), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY.  THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END  OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

DUE TO THE FACT THAT DECEMBER IS AN ACTIVE MONTH SPREADING ACTIVITY IN SILVER WAS ALSO ORCHESTRATED BY OUR CROOKED OFFICIAL/BANKER SECTOR ALONG WITH GOLD..

 

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF NOV : 160,192 CONTRACTS OR 16,019,200 oz OR 498.26 TONNES (18 TRADING DAY AND THUS AVERAGING: 8889 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE STRONG SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 18 TRADING DAYS IN  TONNES: 498.26 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2018, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 498.26/3550 x 100% TONNES =14.03% OF GLOBAL ANNUAL PRODUCTION

WE ARE WITNESSING AN INCREASING USE OF OUR EXCHANGE FOR PHYSICAL MECHANISM TO MOVE CONTRACTS OFF OF NY AND INTO LONDON. IT BEGAN IN JUNE 2019 AND CONTINUES TO THIS DAY.

 

 

 

ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE:     5178,42  TONNES

JANUARY 2019 TOTAL EFP ISSUANCE;   531.20 TONNES

FEB 2019 TOTAL EFP ISSUANCE:             344.36 TONNES

MARCH 2019 TOTAL EFP ISSUANCE:       497.16 TONNES

APRIL 2019 TOTAL ISSUANCE:                 456.10 TONNES

MAY 2019 TOTAL ISSUANCE:                    449.10 TONNES

JUNE 2019 TOTAL ISSUANCE:                   642.22 TONNES

JULY 2019: TOTAL ISSUANCE:                    591.56 TONNES

AUG. 2019 TOTAL ISSUANCE:                    639.62 TONNES

SEPT 2019 TOTAL EFP ISSUANCE              509.57 TONNES

OCT 2019 EFP ISSUANCE                           497.16 TONNES

 

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With respect to our two criminal funds, the GLD and the SLV:

GLD…

WITH GOLD UP $3.10 TODAY//(COMEX-TO COMEX)

a big changes in gold inventory at the GLD: a huge paper deposit of 4.69 tonnes

NOV 26/2019/Inventory rests tonight at 896.48 tonnes

 

 

SLV/

 

WITH SILVER UP 14 CENTS TODAY:

NO CHANGE IN SILVER INVENTORY AT THE SLV//

/INVENTORY RESTS AT 374.732 MILLION OZ

 

 

 

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

 

Let us head over to the comex:

 

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY AN ATMOSPHERIC AND CRIMINALLY SIZED 30,493 CONTRACTS TO A LEVEL OF 661,972 ACCOMPANYING THE LOSS OF $6.45 IN GOLD PRICING WITH RESPECT TO YESTERDAY’S // COMEX TRADING)

WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF NOV..  THE CME REPORTS THAT THE BANKERS ISSUED STRONG SIZED  TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 10,230 EFP CONTRACTS WERE ISSUED:

 FOR NOV; 0 CONTRACTS: DEC: 9858 ; FEB: 372  AND  ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  10,230 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 OUR 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 LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: 19,963 TOTAL CONTRACTS IN THAT 10,230 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST AN ATMOSPHERIC SIZED 30,493 COMEX CONTRACTS.

THE BANKERS SUPPLIED THE NECESSARY AND INFINITE AMOUNT OF SHORT PAPER IN GOLD.  THE BANKERS WERE SUCCESSFUL IN LOWERING GOLD’S PRICE WITH THE CONSIDERABLE RAID INITIATED, AS IT FELL BY $6.45. AND THEY WERE MOST DEFINITELY  SUCCESSFUL IN FLEECING SOME LONGS. HOWEVER THE MAJORITY OF THE LOSS WAS DUE TO SPREADING LIQUIDATION.  

 

 

 

 

 

NET LOSS ON THE TWO EXCHANGES ::  19,963 CONTRACTS OR 1,996,300 OZ OR 62.09 TONNES.

We are now in the  NON active contract month of NOV.  This month is generally the poorest delivery month of the year as must players prefer to go straight to the big active delivery month of December. Today we have 12 contracts still standing for a LOSS of 9 contracts. Yesterday we had 7 notices served upon so we have a loss of 2 contracts or an additional 200 oz will not stand as these guys could not find any metal over here as they morphed into London based forwards as well as accepting a fiat bonus.

 

 

The next active delivery month after NOV is the  active contract month of DECEMBER. Here we had a loss of 39,923 contracts( with a considerable loss due to the liquidation of spreaders) down to 170,922.   The next non active contract month of January saw its OI RISE by 261 contracts UP to 828.

The December contract month is still highly elevated and we should have a humdinger of a DECEMBER delivery month. WE HAVE 2 MORE READING DAYS BEFORE FIRST DAY NOTICE: NOV 29.2019.

FOR COMPARISON PURPOSES ONLY:  (AND REMEMBER THAT SPREADING LIQUIDATION WAS ALREADY IN FULL FORCE LAST YEAR)

WITH 2 READING DAYS TO GO:  NOV 2018:  99,707 OI CONTRACTS STILL STANDING

AND TODAY:  170,922 CONTRACTS STANDING.

ON FIRST DAY NOTICE LAST YR: 27.57 TONNES OF GOLD INITIALLY STOOD

 

TODAY’S NOTICES FILED:

WE HAD 12 NOTICES FILED TODAY AT THE COMEX FOR  1200 OZ. (0.0373 TONNES)

 

 

 

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And now for the wild silver comex results.

Total COMEX silver OI FELL BY A GIGANTIC SIZED 10,230 CONTRACTS FROM 223,779 DOWN TO 213,056 (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 ATMOSPHERIC  OI COMEX FALL OCCURRED WITH A 12 CENT LOSS IN PRICING.//YESTERDAY.

WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV.  HERE WE HAVE 0 OPEN INTEREST STAND FOR DELIVERY WITH A LOSS OF 0 CONTRACTS. WE HAD 0 CONTACTS SERVED UPON YESTERDAY SO WE GAINED 0 CONTRACTS OR NIL ADDITIONAL OZ WILL STAND FOR DELIVERY IN THIS NON ACTIVE MONTH.  THE ALSO REFUSED TO MORPH INTO LONDON BASED FORWARDS AS WELL AS NEGATING A FIAT BONUS.

 

AFTER NOVEMBER WE HAVE THE  ACTIVE MONTH OF DECEMBER and here he has a loss of 14,504 contracts down to 34,496.  After December we have the non active month of January and here we see that we gained 63 contracts up to 718.

FOR COMPARISON PURPOSES ONLY:

WITH 2 DAYS BEFORE FIRST DAY NOTICE:

NOV 2018 :  36,242 OI CONTRACTS STILL STANDING

NOV 2019:   34,496 OI CONTRACTS STILL STANDING

ON FIRST DAY NOTICE LAST YR: 17.53 MILLION OZ OF SILVER INITIALLY STOOD FOR DELIVERY.

 

PLEASE NOTE THE HUGE DIFFERENCE IN GOLD AND SILVER WITH RESPECT TO THE AMOUNT STANDING. SOME BIG WHALE IS TAKING ON THE GOLD/COMEX.

TODAY’S NUMBER OF NOTICES FILED:

 

We, today, had 0 notice(s) filed for nil, OZ for the NOV, 2019 COMEX contract for silver

Trading Volumes on the COMEX TODAY: 635,796  CONTRACTS

 

 

 

CONFIRMED COMEX VOL. FOR YESTERDAY:  438,197  contracts

 

 

 

 

FINAL standings for  NOV/GOLD

NOV 26/2019

we had 0 dealer entry:

We had 0 kilobar entries

 

 

 

total dealer deposits: nil oz

total dealer withdrawals: nil oz

 

we had 1 deposit into the customer account and this is a phony entry

i) Into JPMorgan:  nil oz

ii) Into Bank of Nova Scotia: 9462.165

 

 

total gold deposits: 9462.165   oz

 

we had 0 gold withdrawal from the customer account:

 

 

total withdrawals:  nil oz

 

We had 5 adjustment

i) Out of Delaware:

16,033.225 oz was adjusted out of the dealer account of Delaware and this landed into the customer account :  and a deemed settlement

ii) Out of Int. Delaware:  143,035.35 oz was adjusted out of Dealer Int. Delaware and this landed into  the customer account of Int. Del.

iii) Out of Morgan:  503.01 out of the dealer account and into the customer account and this obliterates its pledged gold from yesterday.

iv)Out of Scotia: 53,427.066 oz was adjusted out of the dealer Scotia and this landed into the customer account of Scotia.

 

total  212,998.64 oz or 6.625 tonnes

 

v) 86,540.583 oz was adjusted out of the customer account of HSBC and this lands into the dealer account of HSBC

 

 

 

 

decrease of pledged gold: 503.01 JPM

 

FOR THE NOV 2019 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 12 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 and 0 notices by the squid  (Goldman Sachs)

 

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To calculate the INITIAL total number of gold ounces standing for the NOV /2019. contract month, we take the total number of notices filed so far for the month (1729) x 100 oz , to which we add the difference between the open interest for the front month of  NOV (12 contract) minus the number of notices served upon today (12 x 100 oz per contract) equals 172,900 OZ OR 5.3779 TONNES) the number of ounces standing in this  active month of NOV

Thus the INITIAL standings for gold for the NOV/2019 contract month:

No of notices served (1729 x 100 oz)  + (21)OI for the front month minus the number of notices served upon today 12 x (100 oz )which equals 172,900 oz standing OR 5.3779 TONNES in this  active delivery month of NOV

We LOST 2 contracts OR 200 ADDITIONAL OZ WILL NOT STAND AS THESE GUYS MORPHED INTO LONDON BASED FORWARDS AS NO PHYSICAL GOLD COULD BE FIND ON THIS SIDE OF THE POND. THEY ALSO  ACCEPTED A FIAT BONUS FOR THEIR HARD WORK.

 

 

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES.… WE HAVE ONLY 27.38 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS.

HERE IS WHAT STOOD DURING THESE PAST 4 MONTHS:  AUGUST 27.153 TONNES

SEPT:      5.4525 TONNES

 

OCT…………………………………………………………………………..     OCT…..   37.99 TONNES

AND NOW NOV……                                                                5.3779 tonnes

 

 

ACCORDING TO COMEX RULES:

FOR A SETTLEMENT YOU NEED A TRANSFER FROM THE DEALER (REGISTERED) ACCOUNT OVER TO AN ELIGIBLE ACCOUNT. FOR THE  ENTIRE MONTH OF AUGUST WE HAD O TRANSACTIONS ON THIS FRONT, IN SEPT, 3 TRANSACTIONS FOR 2.60155 TONNES. IF WE INCLUDE THE PAST FEW MONTHS OF SETTLEMENTS WE HAVE 4.4614 TONNES SETTLED (WHICH INCLUDES TODAY’S 6.625 TONNES)

IF WE ADD THE FOUR DELIVERY MONTHS: 75.9734

TONNES- 11.0864 TONNES DEEMED SETTLEMENT = 64.887 TONNES STANDING FOR METAL AGAINST 27.38 TONNES OF REGISTERED OR FOR SALE COMEX GOLD! THIS IS WHY GOLD IS SCARCE AT THE COMEX.

 

total registered or dealer gold:  991,987.952 oz or  30.854 tonnes
which  includes the following:
a) registered gold that can be used to settle upon: 75.443 oz (23.466 tonnes)
b) pledged gold held at HSBC which cannot settle upon:  237,553.646 oz  ( 7.38989)
total registered pledged  and eligible (customer) gold;   8,506,687.284 oz 264.59 tonnes
WHY ARE THEY NOT SETTLING?
THE COMEX IS AN ABSOLUTE FRAUD..WE HAVE ZERO SETTLEMENTS.
DECREASE IN GOLD OZ PLEDGED:  503.01 OZ ATTRIBUTED TO  JPMORGAN

IN THE LAST 36 MONTHS 103 NET TONNES HAS LEFT THE COMEX.

 

THE GOLD COMEX IS NOW IN STRESS AS
1. GOLD IS LEAVING THE COMEX 
2. GOLD IS LEAVING THE REGISTERED CATEGORY OF THE COMEX.

WHY ARE THEY NOT SETTLING?

 

THE COMEX IS AN ABSOLUTE FRAUD..WE HAVE ZERO SETTLEMENTS.

end

And now for silver

AND NOW THE  DELIVERY MONTH OF NOV.

FINAL  standings/SILVER

IN TOTAL CONTRAST TO GOLD, HUGE ACTIVITY IN SILVER TODAY.
NOV  26 2019

**

we had 0 inventory movement at the dealer side of things

 

 

 

total dealer deposits: nil  oz

total dealer withdrawals: nil oz

i)we had  0 deposits into the customer account

into JPMorgan:   nil

 

ii) Into CNT; 600,102.43  oz

 

 

 

 

 

 

 

 

 

 

*** JPMorgan for most of 2017 and in 2018 has adding to its inventory almost every single day.

JPMorgan now has 161.1 million oz of  total silver inventory or 51.10% of all official comex silver. (161.1 million/315.22 million

 

 

 

total customer deposits today:  600,102.43   oz

 

we have 1 withdrawal out of the customer account:

 

i) out of CNT:  599,600.883 oz

 

 

 

total withdrawals; 599,600.83  oz

We had 0 adjustment:

 

 

 

total dealer silver:  76.983 million

total dealer + customer silver:  314.404 million oz

 

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The total number of notices filed today for the NOV 2019. contract month is represented by 0 contract(s) FOR nil 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 532 x 5,000 oz = 2,660,000 oz to which we add the difference between the open interest for the front month of NOV. (0) 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 NOV/2019 contract month: 532 (notices served so far) x 5000 oz + OI for front month of OCT (0)- number of notices served upon today (0) x 5000 oz equals 2,630,000 oz of silver standing for the NOV contract month.

WE GAINED 0 contracts or an additional 30,000 oz of silver will stand at the comex as they guys refused to morph into London based forwards. For the past several weeks we have been witnessing queue jumping in both gold and silver.

 

LADIES AND GENTLEMEN:  THE COMEX IS UNDER ASSAULT FOR BOTH PHYSICAL GOLD AND SILVER WITH SILVER IN THE LEAD BY FAR. DESPITE  MASSIVE RAIDS, LONGS CONTINUE WITH THEIR HUNT AT THE COMEX FOR PHYSICAL METAL.. IT WILL NOT BE LONG BEFORE WE WITNESS A COMMERCIAL FAILURE..STAY TUNED..WE WITNESSED CONSIDERABLE BANKER SHORT COVERING IN SILVER TODAY AND AN ATTEMPTED BANKER SHORT COVERING IN GOLD WITH ZERO SUCCESS.

 

TODAY’S NUMBER OF NOTICES FILED:

 

We, today, had 0 notice(s) filed for NIL OZ for the NOV, 2019 COMEX contract for silver

 

 

TODAY’S ESTIMATED SILVER VOLUME:  133,567 CONTRACTS //volume increases due to raid

 

 

CONFIRMED VOLUME FOR YESTERDAY: 110,169 CONTRACTS..

 

 

 

 

YESTERDAY’S CONFIRMED VOLUME OF 110,169 CONTRACTS EQUATES to 550 million  OZ 78.6% OF ANNUAL GLOBAL PRODUCTION OF SILVER..makes sense!!

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 $18.42
The previous record was 224,540 contracts with the price at that time of $20.44

 

end

 

 

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NPV for Sprott

 

1. Sprott silver fund (PSLV): NAV RISES TO -1.68% ((NOV 26/2019)
2. Sprott gold fund (PHYS): premium to NAV FALLS TO -0.84% to NAV (NOV 26/2019 )
Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/ -1.68%

(courtesy Sprott/GATA)

3.SPROTT CEF.A FUND (FORMERLY CENTRAL FUND OF CANADA):

NAV 14.60 TRADING 14.06///DISCOUNT  3.73

 

 

 

END

 

And now the Gold inventory at the GLD/

NOV 26/WITH GOLD UP $3.10 TODAY:: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER GOLD DEPOSIT OF 4.69 TONNES INTO THE GLD///INVENTORY RESTS AT 891.79 TONNES

NOV 25/WITH GOLD DOWN $6.45: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 891.79 TONNES

NOV 22/WITH GOLD DOWN $1.00//NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 891.79 TONNES

NOV 21/ WITH GOLD DOWN $10.85 //NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 891.79 TONNES

NOV 20/WITH GOLD UP $.50 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 891.79 TONNES

NOV 19/WITH GOLD UP $2.40 TODAY: A HUGE CHANGE:  A MASSIVE PAPER WITHDRAWAL OF 4.98 TONNES OF GOLD FROM THE GLD AND THIS WITH A GOLD PRICE RISE?/INVENTORY RESTS AT 891.79 TONNES

NOV 18/WITH GOLD UP $3.50 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 896.77 TONNES

NOV 15//WITH GOLD DOWN $4.70 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 896.77 TONNES

NOV 14/WITH GOLD UP $10.00: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 896.77 TONNES

NOV 13/WITH GOLD UP $9.50 : A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .32 TONNES (PROBABLY TO PAY FOR FEES)/INVENTORY RESTS AT 896.77 TONNES

NOV 12: WITH GOLD DOWN $3.40 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER GOLD WITHDRAWAL OF 4.10 TONNES///INVENTORY RESTS AT 897.09 TONES

NOV 11/WITH GOLD DOWN $5.70 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 901.19 TONNES

NOV 8/WITH GOLD DOWN $3.50 TODAY: A MASSIVE WITHDRAWAL  OF 13.19 PAPER TONNES OF GOLD  INVENTORY AT THE GLD//INVENTORY RESTS AT 901.19 TONNES

NOV 7/2019 WITH GOLD DOWN $35.55 TODAY: A PAPER WITHDRAWAL OF 1.47 TONNES FROM THE GLD/INVENTORY RESTS AT 914.38 TONNES

NOV 6/2019  WITH GOLD UP $8.70 TODAY: A BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.18 TONNES INTO THE GLD//INVENTORY RESTS AT 915.85 TONNES

NOV 5/WITH GOLD DOWN $26.00//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 914.67 TONNES

NOV 4/WITH GOLD DOWN $0.75 TODAY: A CONSIDERABLE WITHDRAWAL OF .88 TONNES FROM THE GLD//INVENTORY RESTS AT 914,67 TONNES

NOV 1/WITH GOLD DOWN $2.90 TODAY/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 915.55 TONNES

 

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NOV 26/2019/Inventory rests tonight at 896.48 tonnes

*IN LAST 712 TRADING DAYS: 39.89 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 612 TRADING DAYS: A NET 127.16 TONNES HAVE NOW BEEN ADDED INTO  THE GLD INVENTORY.

end

 

Now the SLV Inventory/

NOV 26//WITH SILVER UP 14 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY REST AT 374.732 MILLION OZ/

NOV 25/WITH SILVER DOWN 12  CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV///INVENTORY RESTS AT 374.732 MILLION OZ//

NOV 22/WITH SILVER DOWN 3 CENTS TO DAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 374.732 MILLION OZ

NOV 21/  WITH SILVER DOWN 5 CENTS TODAY/a big CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 84,000 OZ/INVENTORY RESTS AT 374.732 MILLION OZ//

NOV 20/WITH SILVER UP 0 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 375.574 MILLION OZ//

NOV 19/WITH SILVER UP 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 375.574 MILLION OZ//

NOV 18/ WITH SILVER UP 3 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER WITHDRAWAL OF 1.074 MILLION OZ F FROM THE SLV///INVENTORY RESTS AT 375.574 MILLION OZ/

NOV 15//WITH SILVER DOWN 6 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 376.648 MILLION OZ//

NOV 14/ WITH SILVER UP 12 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 376.648 MILLION OZ/

NOV 13/WITH SILVER UP 20 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.524 MILLION /INVENTORY RESTS AT 376.648 MILLION OZ/

NOV 12/ WITH SILVER DOWN 10 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 379.172 MILLION OZ..

NOV 11/2019 WITH SILVER DOWN 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 379.172 MILLION OZ///

NOV 8/2019 WITH SILVER DOWN 19 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 379.172 MILLION OZ//

NOV 7/WITH SILVER DOWN 57 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV// SLV INVENTORY RESTS AT 379.172

NOV 6/WITH SILVER UP ONE CENT TODAY: A HUGE  CHANGE IN SILVER INVENTORY AT THE SLV; A MASSIVE DEPOSIT OF 2.804 MILLION OZ///INVENTORY REST AT 379.172 MILLION OZ

NOV 5/WITH SILVER DOWN 44 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 376.368 MILLION OZ//

NOV 4/WITH SILVER UP ONE CENT TODAY: A SMALL CHANGE IN INVENTORY AT THE SLV A WITHDRAWAL OF 157,000 OZ TO PAY FOR FEES/INVENTORY RESTS AT 376.368 MILLION OZ//

NOV 1//WITH SILVER DOWN 3 CENTS TODAY: NO CHANGE IN INVENTORY AT THE SLV INVENTORY RESTS AT 376.525 MILLION OZ

 

 

NOV 26:  SLV INVENTORY

374.732 MILLION OZ

 

LIBOR SCHEDULE AND GOFO RATES:

 

YOUR DATA…..

6 Month MM GOFO 2.01/ and libor 6 month duration 1.91

Indicative gold forward offer rate for a 6 month duration/calculation:

G0LD LENDING RATE: – .10

 

XXXXXXXX

12 Month MM GOFO
+ 1.93%

LIBOR FOR 12 MONTH DURATION: 1.94

 

GOFO = LIBOR – GOLD LENDING RATE

GOLD LENDING RATE  = +.01

end