Gold and Silver Refreshing Resilience
Commodities / Gold and Silver 2014 Nov 26, 2014 - 02:32 PM GMTBy: Jesse
Gold and silver held their prices well today with silver actually gaining some ground. Not bad for the day after a Comex option expiration.
This Friday the December contract becomes active on first notice, so we might see some changes in open interest.
Not much to report in the delivery category, but the Comex warehouse show the continued drip, drip of bullion out of their domains.
There is a nor'easter moving up the eastern seaboard now that will be arriving in the New York metropolitan area tomorrow morning. It will be bring snow to the western and northern suburbs, which may dampen an already quiet trading day before the four day holiday weekend.
Goldman, HSBC, and BASF have been accused of rigging the price of platinum and palladium. Gold and silver must be the only two global markets that haven't been rigged, if one is to believe that sort of thing.
But we know that they have been, and continue to be. And that there will be consequences.
Have a pleasant evening.
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.
© 2014 Copyright Jesse's Café Américain - All Rights Reserved
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.
Jesse Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
