26 November 2014

Gold Daily and Silver Weekly Charts - Now Thank We All Our God

"A proud man is seldom a grateful man, for he never thinks he gets as much as he deserves."

Henry Ward Beecher
The joyfulness of simplicity is a folly to the world, but the charism of a loving God to His people.
Gold and silver were both flat in lackluster trade today, as the US markets were simply going through the motions in holiday trade and ahead of a few real world events.

OPEC will be meeting this weekend to consider the dropping price of oil. It is clear that the Saudis are producing at a higher than usual manner, and as you may recall I have speculated that this is part of a ploy with the US to hamper Russia, but to also send a price gut check to the shale oil producing crowd.

The Swiss will be having their gold referendum on Sunday, 30 November and it will be interesting to see how that turns out.

And finally we are now switching to the December contract, and what may prove to be a more active month in the paper markets.

Have a pleasant weekend. See you Sunday evening.