by Harvey Organ, HarveyOrgan.Blogspot.ca:
Gold closed up $.30 at $1257.60 (comex closing time ). Silver was up 13 cents to $19.91
In the access market tonight at 5:15 pm
So far the bankers are still in control of the gold and silver market as gold initially jumped to $1263 early this morning on the USA/Japan Yen ramp (see below) only to be repelled back to the $1257 range. The good news today is that the GLD inventory levels held constant again and also gold seems to be moving closer to backwardation in all months. Tomorrow is the jobs report so expect gold and silver volatility as usual.
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