22 September 2014

Gold Daily and Silver Weekly Charts - Unchanged

"For all that has been, thank you.
 For all that will be, yes."

Dag Hammarskjöld

Gold and silver finished the day largely unchanged. There were the usual overnight and early morning antics.

The mining sector was taken out behind the woodshed and beaten up a bit.

The Shanghai Gold Exchange is now open for business. Some are concerned because of the participation of the 'usual suspects' on the exchange.

I am not so concerned, because China is quick to issue some fairly draconian judgments for those that engage in non-sanctioned official and business corruption. Luckily Bill Holter speaks to this issue in his latest missive, so let him say it as he does so well.

This Thursday, 25 September, is the options settlement for October metals contracts on the Comex. October is not an active month for either gold or silver on that exchange, but they may find a more lively turn in overseas trade.

Have a pleasant evening.