Nothing of particular interest was shown in the Comex reports from yesterday. Tomorrow we bid adieu to the August contract.
Time to move our eyes to the September month which is active for silver but not gold.
The precious metals are unfortunately very politicized in this currency war. That is both a risk, and an opportunity.
There was intraday commentary on the metals here.
There are obviously two metals markets, one of paper, and one of real metal delivered and taken. One is most expressed in the overnight market with trading in Asia and Europe, and another that starts after the New York opening bell.
I picture that transition in the video below.
Have a pleasant evening.
Here is a visual representation of the NY open in the precious metals markets after the overnight trade.
The house is rockin', until the goons come a-knockin'. lol
By the way, I came across a nice Reinhardt-Grappelli original tune on the radio today for the first time. I thought I would share it with you.
