30 June 2011

Gold Daily and Silver Weekly Charts - La Douleur du Monde au Repos


Silver proved to be a little more resilient than gold today, although both held their levels fairly well as the Street was engaged what is snarkily called 'window dressing,' which basic means rigging the valuations of the market.

Nothing has changed. Let's see how the holiday shortened week trades as we kick off the third quarter, and in two weeks, US earnings season with Alcoa.

The US dollar index continued its decline, as fund managers put forward a herculean effort to optimize their bonuses by buying equities.