29 September 2015

Gold Daily and Silver Weekly Charts - Non-Farm Payrolls on Friday

"There is a tide in the affairs of men, Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life Is bound in shallows and in miseries.
On such a full sea are we now afloat, And we must take the current when it serves
Or lose our ventures."

William Shakespeare, Julius Caesar

Yes it is almost that time again.

Tomorrow will be the end of the third quarter, and on Friday we will have another Non-Farm Payrolls report.

This report will be watched closely, with the idea of the Fed raising rates, or not.

Gold took a little hit today, but silver closed a bit higher.  This is an active month for silver.

There were no deliveries posted at The Bucket Shop yesterday.

Gold continues to bleed slowly out of the warehouses.  Silver is streaming out of the Scotia Mocatta warehouse, almost emptying it relative to the other warehouses.

As my godfather, who lived to be 89, used to say:  starość nie radość.   Old age is no joke.

 Have a pleasant evening.