by Harvey Organ, HarveyOrgan.Blogspot.ca:
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
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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