Gold Daily and Silver Weekly Charts - Para Los Amigos de Todo el Mundo

There was little 'delivery' action in the Bucket Shop yesterday.

Gold and silver are being held in place here as we have discussed, with gold around 1200 and silver between 16 and 17.   This too shall pass.

 

All the metals bulls are fearful of the US Non-Farm Payrolls on Friday.  This is the tyranny of the Fed and the Bucket Shop.

 

I bought some silver today.  Plata para México, y el mundo.

 

No hay mal que por bien no venga.

 

How Mexico Celebrates Cinco de Mayo

Have a pleasant evening.

 

SP 500 and NDX Futures Daily Charts - First Quarter GDP Will Be Revised Negative

The US showed an unusually wide trade gap this morning for March.

Welcome to the economy of the strong dollar in which exports are dampened and imports are cheap.

There is now more belief that the 1Q GDP was negative.

Stocks fell today, as did Treasuries, reflected a general decline in stocks in Europe.

Geopolitical events are weighing on the hot money crowd.

Non-Farm Payrolls on Friday. Perhaps the Fed can give us another weekend at Bernie's.

Have a pleasant evening.

 

 

NAV Premiums of Certain Precious Metal Trusts and Funds

Gold / Silver ratio is historically high at 72.

And Sprott Silver has a bigger discount to NAV than Sprott Gold?   You don't see something like that every day.