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Re: AugustaFriends post# 6

Friday, 11/22/2013 3:51:15 AM

Friday, November 22, 2013 3:51:15 AM

Post# of 8
alright augusta. as a result to the present situation we state at this stage buying situation is near, keep in mind december option expiration dates!
on 11-21-13
gold: $1243.80
silver: $20.00

GOFO numbers are now very slight increasing in the positive
all GOFO rates still positive
Here are today’s readings with yesterday’s comparison:

i) One Month: +.053333% vs yesterday: +.05000000%
ii Two Months: +.07500000%. vs yesterday: +.07000000%
iii) Three Months: +.0933330% vs yesterday: +.09333000000%
iv) Six months: +.1200000% vs yesterday: +.1150000%

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 surprisingly rose today by 6013 contracts from 397,590 up to 403,603 as gold was pummeled yesterday to the tune of $15.50 . The November front month saw it’s OI surprisingly rise to 31 contracts for a gain of 24 contracts on the day . We had 1 delivery notices yesterday, so we gained 25 gold contracts or an additional 2500 oz will stand for delivery this month. The biggest of all delivery months is the December contract month. The December OI contract month miraculously rose by 933 contracts to 150,367 when they should be rolling to the next delivery month of February. The open interest for December is still extremely high for this time in the delivery cycle. We thus have 4 more trading days before first day notice which is Wednesday, November 27th. The estimated volume today was good at 255,336 contracts The confirmed volume yesterday was also good at 260,314.
The total silver Comex OI fell by 634 contracts as silver lost 27 cents in price yesterday. The total OI now rests tonight at 138,175 contracts. The front non active front month for silver ( November) saw its OI contract rise to 15 for a gain of 9 contracts. We had 1 delivery notice filed yesterday so in essence we gained 14 contracts or an additional 70,000 oz of silver will stand for delivery. The big December contract saw its OI fall by only 3,596 contracts down to 46,379. The December OI is also relatively high for this late in the delivery cycle and no doubt the reason for the continuous raids orchestrated by our banker friends. The estimated volume today was strong coming in at 86,786 contracts as many rolled. The bankers supplied all the necessary non backed paper today. The confirmed volume yesterday was also very good at 81,595.

more:
http://harveyorgan.blogspot.co.at/2013/11/nov-21today-36-tonnes-of-gold-leaves.html?m=1

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