20 June 2013

Gold Daily and Silver Weekly Charts - Cavalcade of Policy Errors

The hit on the metals began in the quiet hours overnight, with the dumping of contracts in earnest.

Today was the fait accompli.

I don't need to tell you what I did.

Let's see how we close out the week.

Tonight the CME hiked gold margins by 25%.

As a reminder, next Tuesday June 25 is options expiration for gold and silver on the Comex.

The clip below is Central Bankers Implementing Monetary Policy: Scenes from a Currency War