Gold and Silver Daily Charts - U Can't Touch This

Gold



Silver



This goes out to Bythe Masters and the Commodity Trading Group at JPM
from grateful metals bulls everywhere. Good Luck on Dancing with the Stars tonight.

Sound the bell. School's in, suckas.

SP 500 and NDX December Futures Daily Charts

It certainly looked like a breakout, at least for today, but it would have been more convincing if the volumes had not remained thin. As such it looked like a short squeeze engineered by the wiseguys ahead of the FOMC meeting.

SP 500



NDX

Net Asset Value of Certain Precious Metal Trusts and Funds: Sprott Adds Bullion

Here we see the initial impact of the Sprott share sale and the increase in their gold holdings. They still have excess cash listed as of Friday's report and will be adding gold until the US dollar assets are substantially invested in bullion.



Figures from September 13 for comparison