by Harvey Organ, HarveyOrgan.Blogspot.ca:
Good evening Ladies and Gentlemen:
Gold closed down $5.70 at $1245.20 (comex closing time ). Silver was down 11 cents at $20.25
In the access market tonight at 5:15 pm
There is no question that the bankers do not want gold to break above 1250 dollars as that is a huge resistance level. If gold rises above $1260 it would be clear sailing ahead. However please remember that we are dealing with crooked bankers and they can push the paper price to any level they wish.
Now let us see how the GOFO rates are behaving this morning:
Here are today’s readings with yesterday’s comparison:
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