14 February 2011

Gold Daily and Silver Weekly Charts

As suggested it would, silver led gold higher today. The tension in the physical market is evident in soaring lease rates. At some point silver is going to break and run higher, but it may take some patience. But when it runs it could turn out to be a Nantucket sleigh ride.

As a reminder this is option expiration week for US equities, so there may be some gaming in the mining stocks that are favorites amongst the punters.

Blythe Masters and the JP Morgan Silver Shorts --- Club Américain ReMix

In the Comex pits no one can hear you screaming...