Gold:1340.40 down $10.80
Silver 19.30 down 42 cents
In the access market 5:15 pm
Gold: 1342.00
Silver: 19.31
.
For the August gold contract month, we had a good sized 157 notices served upon for 15,700 ounces. The total number of notices filed so far for delivery: 13080 for 1,308,000 oz or tonnes or 40.684 tonnes. The total amount of gold standing for August is 42.815 tonnes.
In silver we had 78 notices served upon for 390,000 oz. The total number of notices filed so far this month: 471 for 2,355,000 oz.
The crooks love to raid on Friday’s especially after the Shanghai Fix and London fixes because there is no risk on paper turning into real metal for the rest of the day. However come Monday, it will become a problem.
This post was published at Harvey Organ Blog on August 19, 2016.
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