ITS ALL ABOUT GOLD AND SILVER FOR MY FUN LOVERS

Good evening Ladies and Gentlemen:  

Gold closed up $1.10   to $1287.30 (comex closing time ).  Silver was unchanged  at $20.71. 

 
 In the access market today at 5:15 pm tonight here are the final  prices: 

gold: $1289.90

silver:  $20.82

Most of the gold equity shares fell today despite gold and silver rising.  Usually this is a good sign that our criminal bankers are lining up their forces to do battle with their evil nemesis gold/silver metal on Monday.

 GOFO numbers are now  decreasing in the positive for all month out except the first month
all GOFO rates are now positive

Here are today's readings with Thursday's comparison:


i) One Month:  +.0566700000%   vs  yesterday: +.05333000000%
ii Two Months:  +.073330000%.  vs yesterday:  +.0750000%
iii) Three Months:  +.0933300000% vs yesterday:  +.095000000%
iv) Six months:  +.1166700000%  vs   yesterday:   +.123330000%

Let us now head over to the comex and assess trading over there today.

Here are today's results:

 

The total gold comex open interest  fell today by 1548 contracts from  403,947 down to 402,399 as gold rose by yesterday by $17.90 .    The November front month saw it's OI rise from 8 to 9 for a gain of 1 contract. We had 0 delivery notices so we gained 1 contract or an additional 100 oz will  stand .  The biggest of all delivery months is the December contract month.  The December OI contract month fell  by only 6013 contracts to 165,035 .  First day notice is Friday, Nov 29.2013 which is   2 weeks away. The estimated volume today was poor at 95,893 contracts  The confirmed volume yesterday  was also very good coming in at 181,658.

The total silver Comex OI astonishingly rose again  by 206 contracts as silver was up in price yesterday  ( 28 cents ).  The total OI now rests tonight at 133,125 contracts.   We are now seeing the  OI with respect to silver and gold rise slowly  and I believe we can assume that both precious metal contracts are all in strong hands.  The front  non active front month for silver ( November) saw its  OI contract rise from 11 contracts up to 20 for a gain of 9 contracts. We had 1 delivery notice filed yesterday so in essence we gained  10 contracts or an additional 50,000 oz of silver will  stand for delivery. Somebody was in need of emergency silver.  The big December contract saw its OI fall by only 2013 contracts down to 53,384. The estimated volume today was poor coming in at 31,798 contracts. The bankers supplied all the necessary non backed paper today.  The confirmed volume yesterday was strong  at 70, 779.

Comex gold/September contract month

Nov 15.2013   the November  contract month