Saturday, April 11, 2009
Friday, April 10, 2009
Good morning Ladies and Gentlemen:
Gold closed down by 3.00 to $881.60 yesterday. Silver went down by 1 cent to 12.32.
The open interest at the gold comex plummeted by a huge 10442 contracts to 334,500. Silver's OI hardly budged
dropping by 492 contracts to 92611.
In general, all commodities rose on Thursday with Platinum rising by $12.00 and oil finishing the day up $2.86 to
$52.24. Copper finished the day above $2.00 to 2.01. It looks like China is massively buying commodities again and storing them on their shores.
Rumours on the street had Johnson Mathey a big silver and gold refiner in trouble. Here is the story we got:
Posted by Harvey Organ at 10:03 AM
Tuesday, April 7, 2009
Good evening Ladies and Gentlemen:
gold closed up by 11.20 to 882.00. Silver rose by 10 cents to 12.21.
The gold comex OI fell by 8000 to 343000. Silver'sOI again hardly budged.
The GLD gold inventory remained flat for the 7th consecutive day, at 1127 tonnes of gold.
In economic news, the CEO confidence number remains in the doldrums:
Posted by Harvey Organ at 6:55 PM