Gold Daily And Silver Weekly Charts - Don't Fear The Reaper

"Do not fear those who can kill the body but are not able to kill the soul; rather, fear Him who can destroy both soul and body of the accursed."

Matt 10:28

There was intraday commentary about The Day Money Dies here.

I wrote about it primarily because it was getting a lot of play, and raising some concerns and questions. And as you know I am following what the G20 does this weekend in Brisbane.

I have approached many such meetings with anticipation in the last few years. And mostly nothing of consequences occurs.

The usual suspects were caught rigging the markets again.  You may read about these agents of misfortune and US government policy here.

Gold and silver were flat in largely lackluster trade.

There was no real delivery movement on the Comex report. The warehouses saw minor withdrawals of bullion.

A friend keeps discussing the 'delta of delivery' with me. By this he means the movement of gold from West to East, which is a big change from prior states in the precious metals market, particularly gold.

This is a trend that it would be foolish not to note, and watch. So be advised.

Have a pleasant evening.

 

 

 

Disclosure: None.

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