The Phaserl


GLD remains constant but SLV rises by 1.44 million oz/gold and silver rise on poor jobs report/Sprott physical gold trust sees 2.6 tonnes leave for Shanghai

by Harvey Organ,

Good evening Ladies and Gentlemen:

Gold closed up $17.40 at $1246.70 (comex closing time ). Silver was up 54 cents at $20.20

In the access market tonight at 5:15 pm
gold: $1248.00
silver: $20.15

Today, gold and silver got a boost from the poor jobs report in the USA. The dollar was hit and bond yields plummeted giving our precious metals a big boost.

Now let us see how the GOFO rates are behaving this morning:

Here are today’s readings with yesterday’s comparison:

still showing major stress as we have the first two months in backwardation and the big 3 month contract is now slightly out of backwardation. All rates slight increasing in positivity

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