06 December 2012

Gold Daily and Silver Weekly Charts

Non-Farm Payrolls report for November is coming out tomorrow. I would not be surprised to see a very light, sub 100k number compliments of Hurricane Sandy.

The FOMC has a two day meeting next week, and will announce its decision on Wednesday 12 December at 12:30 PM. I expect they will do something for the economy now that the elections are past.

Stopping the sterilization of Operation Twist seems likely at the least. That would increase the size of their balance sheet, and is gold positive. This could explain in part the chickenshit bear raids on the metals all week.

Have a pleasant evening.