24 January 2012

Gold Daily and Silver Weekly Charts



Gold and silver took a pause in their rally today.

The FOMC announcement is tomorrow and gold option expiration is on Thursday.



SP 500 and NDX Futures Daily Charts - APPL After the Close



YHOO hit EPS but missed revenues, but APPL is the big tickle and will be announcing their results shortly.

The SP left a big hanging man doji candlestick formation. This could mark a top.

Benny and his merry money mavens will be making their announcements tomorrow afternoon. Gold and silver took a corrective hit today in honor of their pronouncement. Bear in mind they have come rather far fairly quickly.

All eyes on AAPL.



Net Asset Value of Certain Precious Metal Trusts and Funds



The Sprott Silver Trust premium remains depressed compared to historical norms. I believe that this is due to the 'underwriter effect' as they clear their over allotments obtained at 13.20.

The other premiums remain healthy, showing a reluctance to sell off hard in this metals correction, at least so far.