The Phaserl


GLD and SLV remain constant/Comex dealer inventory declines again/Germany only repatriates 37 tonnes out of 87.5 scheduled

by Harvey Organ,

Good evening Ladies and Gentlemen:

Gold closed up $6.70 to $1205.10 (comex closing time ). Silver was up 7 cents at $19.45.

In the access market tonight at 2:15 pm
gold: $1204.50
silver: $19.50

trading was very subdued due to Christmas eve as everybody left early.

I strongly believe that the only numbers which are essential to monitor are:

1. the GLD gold inventory
2. comex inventories.

and to watch for continue declines.

I will be analyzing these numbers daily for you.

First let us see how London set its GOFO rates this morning:

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