Not only the precious metals, but even 'volatility' is now trading on its own clock, almost like a pure bet without an anchoring in fundamentals.
A new Canadian class action lawsuit accuses Bank of Nova Scotia with gold manipulation.
Gold was slightly weaker today with silver holding steady.
JPM's house account stood for most of the delivered gold, and the HSBC and JPM house accounts were taking silver as well.
There was little warehouse activity in gold. The only real action the CME sees in regard to gold is in the Brinks' licensed facility in Hong Kong, and there it is mostly physical dealing over the counter.
Silver continued to see the kind of warehouse movement as has been its tendency this year.
By tomorrow all the adults will be on vacation.
Have a pleasant evening.
Blessed are the poor in spirit: for theirs is the kingdom of heaven.
Blessed are they that mourn: for they shall be comforted.
Blessed are the meek: for they shall inherit the earth.
Blessed are they who hunger and thirst after righteousness: for they shall be filled.
Blessed are the merciful: for they shall obtain mercy.
Blessed are the pure in heart: for they shall see God.
Blessed are the peacemakers: for they shall be called the children of God.
Blessed are they who are persecuted for righteousness' sake: for theirs is the kingdom of heaven.
Blessed are you, when men shall revile you, and persecute you, and shall say all manner of evil against you falsely, for my sake.
Rejoice, and be glad: for great is your reward in heaven: for so they oppressed those who came before you.
