je préfère être déjà embarqué sur le Silver,au cas ou le départ se ferait plus vite que je ne le pense...

Now let us now head over to the comex and see how trading fared, coupled with delivery notices, inventory changes and the weekly COT report. Gold finished the comex session up $2.50 to $1712.00 while silver had a better day finishing up 63 cents to $32.17. The rise in the precious metals was tame compared to the Dow which rose by 168 points on news that there was no appreciable advance on how the Eurozone was going to finance their rescue. The total gold OI rose by 2150 contracts despite Thursday's huge wallop. As I promised you the raids are having no appreciable effect on our stable longs as we obtain new entrants at lower prices. What is shocking is the front delivery month of December. Here the OI rose by 496 contracts despite 77 deliveries. We therefore gained in ounces standing and lost nothing to cash settlements. Generally we see increase deliveries to the dealers as they try and bail themselves out of problems in other jurisdictions as participants are anxious to get their hands on rapidly fleeing gold.
Late last night we got notice of intent to deliver on Monday and it was only 21 contracts. Something is seriously happening at the gold comex as the numbers of OI are fluctuating like mad in the front delivery month. The next delivery month is February and here the OI remained relatively constant at 262295 dropping only 2 contracts despite the raid. That kind of shows you how resilient the longs are behaving. Maybe they are witnessing action in December and want physical metal today instead of February . The estimated volume at the gold comex yesterday was very tame at 113,229. The confirmed volume on Thursday, the day of the ridiculous raid was 190,009 contracts.

1TDI4Me
Member

Join Date: Jan 2009
Posts: 380
Dealer Supply Shortages or Naked Selling
I have waited to make this post for quite a while. Over the past 6 months or so I have had 2 bad or at least questionable experiences with a dealer, and still have ongoing issues with another. Some may write this off as dealer business practices and others may see a supply issue prompting dealers to behave in a less-than-honorable manner. Up to this point I have had one such delivery problem which was resolved in 3 days when I sent a complaint to the Oregon Atty General's office after 8 weeks of non-delivery. I think the firm was selling naked and waiting for the primary dealers to deliver. Regardless...
I was on a cruise this summer and had some cash to unload when I saw a dip and decided to back up a truck. I placed a 6 figure order to Mr. T, with whom I have done a lot of prior orders with and have related my positive experiences here in the past. I made phone calls starting at 3 weeks after the order when I had gotten back to the states. I was told by Karen that the dip ahd produced unprecidented order volume, and especially large orders, and there was little that could be done since there was a physical limit to how fast it could go out. I got the metal 8 weeks after the order. With all the talk of Comex default, supply issues, etc. you can imagine that this time passed painfully. Bottom line is that I got the metal.
Then my dad decided to pick up on the some lower prices a few months after I had ordered. I hadn't thought to ask where he was getting it because he had been using a dealer that was habitual, but because this was a large order he decided to try my source. There was a special on 1/2 ounce AGE's and he placed a 6 figure order on 10/20. Those familiar with this source know that the goods usually arrive within a few days. Not this time. First there were benign excuses. Dad is a non-confrontational guy so he lets it ride. About a month into this thing he starts to indicate that he's not satisfied with the excuses and finally gets the admission that they had oversold the 'Special' and didn't have quite enough to fill his order. Another week goes by and I start to pressure Dad to get agressive. I even look up the California State Atty General office online for him and teach him how to proceed. He still didn't want to play rough but calls and demands to know how many of the 1/2's they had toward filling his order. The answer...NONE. Now he's a bit hot and my advice surfaces. He tells them to fill the order with whatever ounces they have on hand and have it sent or the Atty Gen is going to hear about it by next week. He's given the alternative order and told it will ship on that next Monday. No confirmation e-mail came, which usually arrives the next day, til Thursday. He just got the delivery this past Wednesday. Again, bottom line, he got metal... not what he ordered, but he got metal.
Now, to top all this off, and because of my recent experiences with my FORMER go-to dealer, I have placed another order of similar magnitude with another dealer I have used intermittently over the past few years. I am 8 weeks out on it and, needless to say with the MF thing and Comex problems, I'm quite anxious.
My future operating policy will be to place an order on the verbal quatantee that the dealer has the items physically in stock and will ship within the week. Otherwise I retain the right to cancel without penalty. My very strong advice to all is to do likewise.