11 November 2014

Gold Daily and Silver Weekly Charts - Volatility and G20 - Go Go Godzilla

There is a G20 meeting coming up this weekend in Brisbane.

 Some readers (h/t Jeff in particular) are following the developments on that front in case there is an overt move to dethrone the US dollar. 

I have watched the meetings closely for the past two years.  As you know, there is a movement internationally to begin to construct alternatives to the dollar reserve currency regime.

Gold is surprisingly volatile, with sweeps up and down this week. This is even more marked because this is an inactive month on the Comex with little actual delivery and warehouse movement.

Let's see what happens.