23 February 2016

Gold Daily and Silver Weekly Charts - A Little Higher On Negative Rates Concerns

Tomorrow there will be an option expiration on the Comex for the March gold contract related options.

Gold is showing the way higher for silver. The gold/silver ratio is hovering around 80 which indicates either a secular squeeze in physical gold and/or a risk related flight to safety.

Right now gold is chopping sideways and looking for a direction to shake it out of this little, short term symmetrical triangle.

The Bucket Shop remains a kind of monument or memorial to when the trading and markets were real in the US.

There was intraday commentary on the metals here.

Have a pleasant evening.