by Harvey Organ, HarveyOrgan.Blogspot.ca:
Good evening Ladies and Gentlemen:
Gold closed down $3.60 to $1572.00 (comex closing time). Silver fell by 8 cents to $27.12 (comex closing time).
In the access market at 5 pm:
As I promised you on Friday, the bums never allow gold to rise on two consecutive days if the preceding day has a huge price gain. The chances that gold and silver would rise today were slim at best.
At the comex, the open interest in silver rose to multi year highs at 159,386 contracts. The total amount of gold ounces standing for April rose to 31.78 tonnes and silver also had an increase to 2.490 million oz standing.
Gold in yen terms rose to a record due to the low value of the yen which crossed into the 99 column closing at 99.356 (USA/Yen). For the second straight session, the authorities halted trading in the volatile bond market. This is an accident waiting to happen!!
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