30 January 2017

February Comex Gold Comes In With a Bang

Deliveries on February Comex Gold contracts came in with a bang.

Silver, not so much.

The customers were disgorging positions, with a huge one coughing it up at JPM.

Let's see if the metals can finally put together a breakout over this stubborn overhead resistance.

As large as this 'delivery' might be for Comex, it is still relatively peanuts compared to the physical markets of Asia.   That is where the action is.