03 July 2013

Gold Daily and Silver Weekly Charts - Light Holiday Technical Trade

Gold and silver traded in very light holiday trade as most US markets closed early for the national holiday. Comex electronic trading keeps regular hours as I recall, but in very light volume. The adults have all gone to their holiday homes.

The mouthpieces for the hedge funds and bank trading desks are out and about, so we *might* get another gut check test in the metals as they overstay their piggish shorts. Non-Farm payrolls is on Friday.

Keep in mind that there are campaigns of distortion involving the talking heads and puffed up pundits that are a sad but very present part of a corrupted market and price manipulation. They have no shame.