07 January 2014

Gold Daily and Silver Weekly Charts - Song Remains the Same

There was little consequential movement of bullion in the Comex warehouses yesterday.

Paper claims on deliverable Comex gold remains historically high at 80 to 1.

This is a Non-Farm Payrolls week, so we ought to be watchful for antics.

The growing gap between the paper gold and physical gold markets is going to catch quite a few people off balance at some point. It could be a long wait, but it is still fun to watch them go through their song and dance routines in the meantime.  

Have a pleasant evening.