07 November 2013

Gold Daily and Silver Weekly Charts - ECB Surprise Cut, Non-Farm Payrolls Tomorrow

The metals caught the patented Comex open price hit and pretty much drifted around there all day.

Molto Mario Draghi cut the ECB rate.   There was fleeting joy in Mudville.

Did we mention that tomorrow is a Non-Farm Payrolls number? 100K is the consensus.

There was a withdrawal of 1,700 gold bullion ounces out of the Brink's Registered category.  That is a remarkably round number., and a deposit of 19,688 ounces of gold in to storage at JPMorgan Chase.

Let's see how the metals finish the week.  The next big Comex event will be the December options expiration on Monday, 25 November.

Have a pleasant evening.