by Harvey Organ, HarveyOrgan.Blogspot.ca:
Good evening Ladies and Gentlemen:
Gold closed up $5.70 at $1263.30 (comex closing time ). Silver was up 1 cent to $19.92
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 $1272 early this morning on the lousy jobs report,(see below) only to be repelled back to the $1257 range. However, during the day gold started seeing major bids as gold finished the comex session at 1263.30 and continued in the access market where it finished at 1267. Silver was still held in check. 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.
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