27 August 2014

Gold Daily and Silver Weekly Charts - Cap, Cap, Cap

This was a very quiet trade for the day after a Comex Option Expiration. That in itself was notable.

There are those who claim that there is a 'China Put' under the metals markets here. Well, let's hope so.

As you may know, we are sliding into the Labor Day three day weekend that will mark the end of Summer, and have us looking forward to September which is an active month for Silver, but not for Gold.

The Comex did not bother producing any data for the metals as you can see from the notice below. The warehouse activity was not worth noting from Madame Tussauds-on-the-Hudson, Liar's Poker edition.

Other than that, it was cap, cap, cap.

Have a pleasant evening.