13 January 2014

Gold Daily and Silver Weekly Charts - Bounce

Gold and silver popped a little today, added to the after hours increase which they enjoyed on Friday.

Stocks are in an asset bubble uptrend, and gold and silver are in a remarkably persistent price decline.

Meanwhile at the Comex warehouses, HSBC, the custodian for GLD, managed to add some gold back to the registered (deliverable) inventory. More will most likely be needed for February.

As I said for stocks this evening, follow through is everything.

Have a pleasant evening.