Gold closed down 7.10 at $1214.10 (comex to comex closing time ). Silver was up 10 cents at $17.48
In the access market tonight at 5:15 pm
gold: $1218.00
silver: $17.65
GLD : no change in gold inventory at the GLD (inventory now at 773.45 tonnes)
SLV : today no change in silver inventory (inventory 345.244 million oz)
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 positive needle. On the 22nd of September the LBMA stated that they will not publish GOFO rates. However today we still received today’s GOFO rates
London good delivery bars are still quite scarce.
Sept 26 2014
1 Month Rate: 2 Month Rate 3 Month Rate 6 month rate 1 yr rate
.105000% .11250000% .112500% .127500% .2125000%
Sept 25 .2014:
1 Month Rate 2 Month Rate 3 Month Rate 6 month Rate 1 yr rate
1100% .1125000% .1125000% .1200% .222500%
end
Let us now head over to the comex and assess trading over there today,
This post was published at Harvey Organ on September 26, 2014.
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