29 April 2014

Gold Daily and Silver Weekly Charts - The Fruits of Currency War - FOMC Tomorrow

"A great war leaves the country with three armies; an army of cripples, an army of mourners, and an army of thieves."

German proverb

I would imagine that the proverb can be figuratively applied to a currency war.   We certainly are seeing an increase in the economically crippled, the financially devastated, and of course, plenty of thieves who continue to operate with impunity. 

Today is the last position, last notice day for the April gold contract.

Gold and silver continue to chop sideways in a narrow range.

Tomorrow is 1Q GDP in the morning, and the FOMC rate decision announcement in the afternoon.

Non-Farm Payrolls on Friday.

Over 500,000 ounces of gold have been 'claimed' on the April delivery, but the warehouses reflect little movement of physical bullion.

Have a pleasant evening.