06 May 2013

Gold Daily and Silver Weekly Charts - Cap and Trade

There is not much economic news this week.

The markets shrugged off the attack by Israel on Syria over the weekend, as stocks rallied and the metals were flat.

I was intrigued to hear that hedge funds are now at new all time highs in leverage, and that over half the trading at the London Metals Exchange is being driven by algorithms.

Talk about a recipe for a fresh wave of market volatility.

Let's see how the rest of the week goes, especially the latter part.