China Takes Out Another 52.5 Tonnes of Gold For the Week Through Shanghai

 

Week by week, month by month, physical gold is flowing from West to East.

 

Gold Daily and Silver Weekly Charts - 1812 Overture

"He is the Napoleon of crime, Watson. He is the organizer of half that is evil and nearly all that is undetected in this great city.

Arthur Conan Doyle, The Final Problem

"Du sublime au ridicule, il n'y a qu'un pas."

“From the sublime to the ridiculous, there is only one step."

Napoleon Bonaparte, On his retreat from Russia to Paris in 1812

Gold and silver got mugged in very quiet trading for the end of the month, with most traders off on holiday.

If anyone was short gold or silver, their end of month results looked quite a bit better after today. So like the retailers they had their 'Black Friday.'

Paper covers rock. Who's got the scissors?

The Swiss will be voting on their referenda on Sunday. Among these are the gold referendum.

Next week is the Non-Farm payrolls for November.

Have a pleasant evening.

 

 

SP 500 and NDX Futures Daily Charts - The Proud Never Give Thanks

US equities were a bit off today, and volatility was ticking higher, as markets were open for a half day of light holiday trading. 

Thus ended the amazing streak of new highs, at least for today.

There was no significant economic news released.

Have a pleasant weekend.