sept 8/ No change in Gold inventory at the GLD/No change in silver inventory at SLV/gold and silver whacked/Silver OI remains very high at 164,501/

Jon Alternative Media, Gold, Precious Metals, Silver

Gold closed down $13.10 at $1252.70 (comex to comex closing time ). Silver was down 19 cents at $18.89
In the access market tonight at 5:15 pm
gold: $1255.50
silver: $19.05
GLD : no change in gold (inventory now at 785.72 tonnes)
SLV no change in silver inventory:/now 333.207 million oz.
As far as gold and silver is concerned, we had another raid today. It seems they are relentless in their attacks.
Today we have commentaries concerning the Ukraine, Russia, England/Scotland, and Argentina
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 towards the positive needle (except one year out) as they must have found a few bars to lease
London good delivery bars are still quite scarce.
Sept 8 2014
1 Month Rate: 2 Month Rate 3 Month Rate 6 month rate 1 yr rate
.094000% .1040000% .11600% .13800% .230000%
Sept 5 .2014:
1 Month Rate 2 Month Rate 3 Month Rate 6 month Rate 1 yr rate
0800% .09000% .104000% .13400% .234000%
end
Let us now head over to the comex and assess trading over there today,

This post was published at Harvey Organ on September 8, 2014.