07 January 2014

Gold Daily and Silver Weekly Charts - Song Remains the Same


There was little consequential movement of bullion in the Comex warehouses yesterday.

Paper claims on deliverable Comex gold remains historically high at 80 to 1.

This is a Non-Farm Payrolls week, so we ought to be watchful for antics.

The growing gap between the paper gold and physical gold markets is going to catch quite a few people off balance at some point. It could be a long wait, but it is still fun to watch them go through their song and dance routines in the meantime.  

Have a pleasant evening.






SP 500 and NDX Futures Daily Charts - Same Old, Same Old


The FOMC Minutes tomorrow afternoon might be interesting, divisiveness-wise.

Other than that, how many ways can you say low volume technical trade? Because that is what we are seeing.




 

06 January 2014

Gold Daily and Silver Weekly Charts - Non-Farm Payrolls For December Later This Week


There was intraday commentary on the early morning bear raid here.

This is a Non-Farm Payrolls week, in the non-active month of January.

There was no movement in or out of the Comex warehouses.




SP 500 and NDX Futures Daily Charts - Low Volume Monkeyshines


The big tickle will be the Fed minutes and the Non-Farm Payrolls this week.