Gold Daily and Silver Weekly Charts - End of Quarter, Miners Catch a Bid

The miners outperformed the metals today for the end of the third quarter.  I am getting much more interested in the miners at these prices, and my interest will become stronger if the metals can manage to sustain a rally out of this bear market trend.

If the metals rally, I would expect the mining sector to outperform given its beaten down condition and its higher beta to the metal prices.  But that is a big 'if.'

Non-Farm payrolls on Friday.

The active month has flipped over to gold for October and it was reflected in the delivery report from yesterday.

The slow bleed of metal out of the warehouses continues.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - End of 3rd Quarter

Stocks managed a bounce for the end of the quarter.

Non-Farm payrolls on Friday.

Economic news continue to bring a message of a sluggish recovery plagued by unequal gains and sluggish aggregate demand.

Plenty of tail risks overseas and in the economy.

Have a pleasant evening.

NAV Premiums of Precious Metal Trusts and Funds

Both Sprott Funds are getting a little low on cash.

Gold Daily and Silver Weekly Charts - Non-Farm Payrolls on Friday

"There is a tide in the affairs of men, Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life Is bound in shallows and in miseries.
On such a full sea are we now afloat, And we must take the current when it serves
Or lose our ventures."

William Shakespeare, Julius Caesar

Yes it is almost that time again.

Tomorrow will be the end of the third quarter, and on Friday we will have another Non-Farm Payrolls report.

This report will be watched closely, with the idea of the Fed raising rates, or not.

Gold took a little hit today, but silver closed a bit higher.  This is an active month for silver.

There were no deliveries posted at The Bucket Shop yesterday.

Gold continues to bleed slowly out of the warehouses.  Silver is streaming out of the Scotia Mocatta warehouse, almost emptying it relative to the other warehouses.

As my godfather, who lived to be 89, used to say:  starość nie radość.   Old age is no joke.

 Have a pleasant evening.