sept 16.big loss of 4.18 tonnes of gold heading to Shanghai/huge importing of gold into India/Silver oi remains at record levels/

Gold closed up $1.60 at $1235.20 (comex to comex closing time ). Silver was up 10 cents at $18.65
In the access market tonight at 5:15 pm
gold: $1235.45
silver: $18.67
GLD : a huge loss of 4.2 tonnes of gold at the GLD (inventory now at 788.22 tonnes)
SLV : today no change in silver inventory at the SLV/inventory oz/ rests at 339.486 million oz .
The big news today is the massive open interest remains elevated in silver on the comex. John Embry offers his insights to the silver conundrum.
I am sorry that my commentary tonight is awkward as I only have my laptop and I am unaccustomed to its use. However I did provide the key articles for you today. 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 as they must have found a few bars to lease. On the 22nd of September the LBMA will not publish GOFO rates. ( I guess the manipulation is getting to them)
London good delivery bars are still quite scarce.
Sept 16 2014
1 Month Rate: 2 Month Rate 3 Month Rate 6 month rate 1 yr rate
.15000% .1540000% .15600% .17400% .262000%
Sept 15 .2014:
1 Month Rate 2 Month Rate 3 Month Rate 6 month Rate 1 yr rate
14200% .144000% .154000% .16800% .25800%
end
Let us now head over to the comex and assess trading over there today,

This post was published at Harvey Organ on September 16, 2014.

 

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