by Harvey Organ, HarveyOrgan.Blogspot.ca:
Good evening Ladies and Gentlemen:
Gold closed down $8.00 to $1302.60 (comex closing time ). Silver was down 17 cents to at $19.71 (comex closing time).
In the access market today at 5 pm tonight here are the final closing prices:
In Friday’s trading we noticed the huge weakness in silver/gold equity shares
which is a good signal that the following trading session we would see a raid and they did not disappoint us. Today we witnessed an increase in negativity of the GOFO rates for 1 month out, 2 months and 3 months out which clearly indicates that gold is scarce. Actually what is scarce is physical good London delivery bars (i.e. the 400 oz bars) over in England.
Please follow SGT Report on Twitter & help share the message.