sept 30/Another loss of 2.39 tonnes of gold at the GLD/no change in silver at SLV/another big hit on silver and gold today/

Jon Alternative Media, Gold, Precious Metals, Silver

Gold closed down $7.00 at $1210.50 (comex to comex closing time ). Silver was down 52 cents at $17.00
In the access market tonight at 5:15 pm
gold: $1208.00
silver: $16.97
GLD : we lost 2.39 tonnes of gold inventory at the GLD (inventory now at 769.86 tonnes)
SLV : as of 6 pm est no change in silver inventory at the SLV. It looks like the bankers cannot raid the SLV for physical silver because there is none…just paper silver (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 30 2014
1 Month Rate: 2 Month Rate 3 Month Rate 6 month rate 1 yr rate
.1275000% .12750000% .1300% .147500% .2175000%
Sept 29 .2014:
1 Month Rate 2 Month Rate 3 Month Rate 6 month Rate 1 yr rate
1200% .1233000% .13000% .1366700% .2233300%
end
Let us now head over to the comex and assess trading over there today,

This post was published at Harvey Organ on September 30, 2014.