sept 4

Gold closed down $3.80 at $1265.10 (comex to comex closing time ). Silver was down 5 cents at $19.06
In the access market tonight at 5:15 pm
gold: $1261.250
silver: $19.03
I wrote the following yesterday:
“Gold and silver equity shares languished despite gold’s rise. Silver also was in the dumpster most of the day. A good sign that the boys are going to raid again tomorrow. The bankers just do not like the high OI on silver and it is driving them crazy.”
They did not disappoint me!
Today, gold and silver were whacked again by our criminal bankers. We have no CFTC officials watching, so the bums are free to do whatever they want. It looks to me like tomorrow will also be a very bad day for stocks and metal as the bankers try and wash out many of the weaker longs. After that gold and silver should rise.
GLD : a loss of 4.79 tonnes of gold (inventory now at 785.72 tonnes)
SLV no change in silver inventory at the SLV:/now 333.446 million oz
Today we have commentaries concerning the Ukraine, Russia, the ECB, and the terror of ISIS 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 negative needle
London good delivery bars are still quite scarce.
Sept 4 2014
1 Month Rate: 2 Month Rate 3 Month Rate 6 month rate 1 yr rate
.072000% .0860000% .10200% .13200% .2260000%
Sept 3 .2014:
1 Month Rate 2 Month Rate 3 Month Rate 6 month Rate 1 yr rate
07600% .088000% .104000% .13600% .228000%
end
Let us now head over to the comex and assess trading over there today,

This post was published at Harvey Organ on September 4, 2014.