30 August 2013

Gold Daily and Silver Weekly Charts - End of Month and Delivery Period Antics


The US is having a three day weekend because of the national holiday on Monday.

Let's see how the rest of the world muddles through in the markets without its guidance.

War drums are still beating for Syria, but with Britain standing aside there is a bit of a wobble.

Have a pleasant weekend.



SP 500 and NDX Futures Daily Charts - Worst Month For US Stocks Since May 2012


Stocks shook off the 'better than expected' revision to Michigan Consumer Confidence, and concentrated on war jitters for most of the day.

There was a last half hour jam higher as the algos kicked in and put a little paint on the tape for the end of month. Still despite the late push this was the worst monthly performance for US stocks since May of 2012.

The States will have a three day weekend celebrating a national holiday on Monday. Let's see how the Syria discussions progress.

Have a pleasant weekend.




NAV Premiums of Certain Precious Metal Trusts and Fund


Precious metals are under some pressure on the last trading day of August.

Let's see how we go into the holiday weekend in the US.