27 February 2013

Gold Daily and Silver Weekly Charts

"It’s easier to dismiss something not quite fully understood, and I think that’s behind much of the recent negativity towards the COT as an analytical tool."

Ted Butler, Butler Research, 27 February 2013

Today was 'risk on' for stocks and therefore we had a pullback in the precious metals sector.

The pigmen are feeling pretty cocky about things. And fear of the sequester is diminishing.