03 October 2014

Gold Daily and Silver Weekly Charts

Gold and silver were hit hard today in honor of the Non-Farm Payrolls Report.

China is on holiday for National Week.

Nothing of particular interest happened in the Comex or its warehouses yesterday.

The sheer arrogance of the NY Fed still has me taken aback. They really do not see what is coming.

Today is one of those absolutely charming 'Indian Summer' days in October that are far too nice to spend much time listening to 'financial journalists' spinning puerile tales about the economy in the style of The View.

So I am out of here.

The markets will always be there.  Well perhaps not all of them.  The Comex seems to have diminishing value and a shorter half-life than some.

Have a pleasant weekend.