sept 29.2014/Addition of silver at the SLV/another loss of gold at the GLD/ gold and silver withstand another attack/first day notice in the comex gold/expect another whack until the first of the…

Gold closed up $3.40 at $1217.50 (comex to comex closing time ). Silver was up 4 cents at $17.52
In the access market tonight at 5:15 pm
gold: $1215.00
silver: $17.49
GLD : we lost 1.20 tonnes of gold inventory at the GLD (inventory now at 772.25 tonnes)
SLV : very late Friday night we had another addition of 767,000 oz in silver inventory (inventory now 346.011 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 29 2014
1 Month Rate: 2 Month Rate 3 Month Rate 6 month rate 1 yr rate
.12000% .12330000% .1300% .1366700% .22333000%
Sept 26 .2014:
1 Month Rate 2 Month Rate 3 Month Rate 6 month Rate 1 yr rate
10500% .1125000% .1125000% .127500% .212500%
end
Let us now head over to the comex and assess trading over there today,

This post was published at Harvey Organ on September 29, 2014.