Gold:1336.40 down $22.40
Silver 19.78 down 63 cents
In the access market 5:15 pm
Gold: 1336.00
Silver: 19.71
.
For the August gold contract month, we had a huge 1019 notices served upon for 101,900 ounces. The total number of notices filed so far for delivery: 10,881 for 1,088,100 oz or tonnes or 33.844 tonnes
In silver we had 63 notices served upon for 315,000 oz. The total number of notices filed so far this month: 209 for 1,045,000 oz.
Yesterday I wrote the following:
‘Tomorrow is the FOMC report on the job gains in the uSA for last month. Even though the report has fraudulent data in it, many hedge funds have their eyes glued ready to sell or buy within seconds of its release especially gold and silver. So you are warned: gold and silver will be quite volatile tomorrow. The last jobs report was awful and I do not think that they will have two consecutive bad reports. They love putting lipstick on this economic pig’
This post was published at Harvey Organ Blog on August 5, 2016.
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