Sprott and Central Fund

(both of these funds have 100% physical metal behind them and unencumbered and I can vouch for that)

1. Central Fund of Canada: traded  at Negative 5.6% percent to NAV in usa funds and Negative  5.7%  to NAV for Cdn funds.  Nov 15.2013)  

2. Sprott silver fund (PSLV): Premium to NAV fell to positive 2.49% NAV Nov 15.2013
3. Sprott gold fund (PHYS): premium to NAV fell to negative 0.97% to NAV Nov 15 2013     

Note: Sprott silver trust back into positive territory at 2.49%. 

Sprott physical gold trust is back in negative territory at  -0.97%.

Central fund of Canada's is still in jail. 

end




Today we received the COT report and as far as I am concerned the data looks far fetched.

Anyway, if you believe the figures, here is the Gold COT

Gold COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
144,062	82,710	29,266	190,317	256,102	363,645	368,078
Change from Prior Reporting Period
-4,969	24,815	5,614	11,603	-16,512	12,248	13,917
Traders
102	94	74	58	60	203	197
	Small Speculators
	Long	Short	Open Interest
	40,195	35,762	403,840
	4,796	3,127	17,044
	non reportable positions		Change from the previous reporting period
COT Gold Report - Positions as of				Tuesday, November 12, 2013

Our large speculators:

Those large specs that have been long in gold somehow decided to pitch a rather large 4969 contracts
Those large specs that have been short in gold, somehow got a brainwave to add a monstrous 24,815 contracts to their short side.

Our commercials;

Those commercials who are long in gold added 11,603 contracts to their long side
Those commercials who have been short in gold saw the light and covered a huge 16,512 contracts

Our small specs:

Those small specs that have been long in gold added a rather large 4796 contracts to their long side
Those small specs that have been short in gold added 3127 contracts to their short side

Conclusion;

if you believe the figures, very bullish as the bankers went net long by 28,115 contracts.

And now for silver:

Silver COT Report: Futures
Large Speculators			Commercial
Long	Short	Spreading	Long	Short
37,380	24,344	12,569	55,623	78,252
1,246	7,113	1,687	3,954	749
Traders
61	51	48	41	43
Small Speculators		Open Interest		Total
Long	Short	129,525		Long	Short
23,953	14,360			105,572	115,165
3,920	1,258	10,807		6,887	9,549
non reportable positions		Positions as of:		128	122
		Tuesday, November 12, 2013

Our large specs:

Those large specs that have been long in silver added 1246 contracts to their long side.
Those large specs that have been short in silver added a monstrous 7113 contracts to their short side  (with silver in the low 20's?)

Our commercials:

Those commercials that have been long in silver added 3954 contracts to their long side
Those commercials that have been short in silver added 749 contracts to their short side.

Our small specs;

Those small specs that have been long in silver added 3920 contracts to their long side
Those small specs that have been short in silver added 1258 contracts to their short side

Conclusion:  
the bankers went net long again by 3205 contracts.

However as I stated above, I have serious doubts on these figures.

And now your overnight gold and silver trading and comments:

Notes:

1.China continues to load up on gold.