01 March 2016

Gold Daily and Silver Weekly Charts - Though the Darkness Hide Thee

"The wealth of another region excites their greed; and if it is weak, their lust for power as well. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich.

Robbery, rape, and slaughter they falsely call empire; and where they make a desert, they call it peace."

Tacitus, Agricola

Gold and silver held their own reasonably well in the face of a powerful technical rally in US equities, a 'risk on' moment wherein there was a rush to paper assets, led by gains in big financials and tech unicorns.

There was minimal delivery activity in The Bucket Shop yesterday, not even worth reporting.  There was a little shuffling of bullion in the warehouses;  silver continues leaking out.  And it bears watching, because the central banks do not have any.

The US doleur du monde continued to add a little to its rally, as noted in the chart below.

Have a pleasant evening.