23 December 2015

Gold Daily and Silver Weekly Charts - Ho Ho Ho

Gold was slightly weaker and silver held firm in very light holiday trading, after a little more active overnight trade.

Not much is happening with gold at The Bucket Shop.  More ounces were claimed by JPM for their house account.

Silver continues to see movement in and out of the warehouse.  I wonder if this is because there really is not counterpart in silver to the massive physical trading occurring in Asia, especially in Shanghai and Hong Kong.

And apparently not just the precious metals are heading East.   Hong Kong surpassed New York in IPOs this year.

Talk about greed killing the golden goose.

Have a pleasant evening.