04 November 2015

Gold Daily and Silver Weekly Charts - Smackdown

"But he saw too that in America the struggle was befogged by the fact that the worst Fascists were they who disowned the word 'Fascism' and preached enslavement to Capitalism under the style of Constitutional and Traditional Nativist American Liberty."

Sinclair Lewis, It Can't Happen Here

Gold and silver were taken lower in further programmed selling in New York today.

Gold is testing the 1100 support level and silver is trying to hang on to the 15 handle.

What was most impressive is that they managed this selloff on a day when the rest of the markets could not make up their minds what to think.  And there are now trial balloons being floated about 'negative interest rates' and 'killing cash.'

There was intraday commentary on gold and silver here.

Nothing much in the way physical activity happened in The Bucket Shop.   Just the usual slow leakage of bullion.

Non-Farm Payrolls on Friday.

Have a pleasant evening.