Gold closed down $22.10 at $1263.70 (comex to comex closing time ). Silver was down 33 cents at $19.07
In the access market tonight at 5:15 pm
gold: $1265.00
silver: $19.19
GLD : a loss of .1.8 tonnes of gold (inventory now at 793.20 tonnes)
SLV : no change in silver inventory at the SLV/now 331.528 million oz
Every time we have a long weekend, the banksters whack gold and silver. They did not disappoint us again with their antics.
The game will end once China/Russia can no longer receive any physical gold and silver from the West.
Today we have commentaries concerning the Ukraine, Russia, Pakistan, China, Japan and the terror of ISIS and Ebola.
We will discuss these and other stories
So without further ado………………
Let’s head immediately to see the data has in store for us today.
First: GOFO rates/
All months basically moved slightly towards the negative needle. Again, they must have found some gold to lease..
London good delivery bars are still quite scarce.
Sept 2 2014
1 Month Rate: 2 Month Rate 3 Month Rate 6 month rate 1 yr rate
.082000% .1000000% .11800% .14600% .220000%
August 29.2014:
1 Month Rate 2 Month Rate 3 Month Rate 6 month Rate 1 yr rate
08800% .102000% .12000% .1500% .228000%
end
Let us now head over to the comex and assess trading over there today,
This post was published at Harvey Organ on September 2, 2014.
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