29 March 2011

Gold Daily and Silver Weekly Chart


There must have been enough calls taken up yesterday to make it worth the wiseguy's trouble to hit the metals with another bear raid again today. Again, it did not stick as bullion seems to be held in strong hands.

I hate to say this, but the metals are often hit around a Non-Farm Payrolls report, as the Fed and its dealers wish to discourage any flight to safety or inflation hedge thoughts as they print their way to prosperity, mostly theirs.