There was quiet trading as the northeastern US was digging its way out of Winter Storm Hercules.

Gold and silver have been rallying since the end of the December clamp down, but they most certainly have not yet broken out on the charts.

About 2700 ounces found their way out of the deliverable Comex inventory, bringing it back down to the 480,440,000 ounce level which is historically quite low. This ought not to be an issue until the February delivery period arrives.

There is sufficient gold in the Comex, but it might require higher prices to shake it loose. As for the overall global supply situation for bullion, that is another story altogether.

See you next week. Once again, Happy New Year!

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In plewis

roviding information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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