[…] Gold and silver held their own reasonably well in the face of a powerful technical rally in US equities, a ‘risk on’ moment wherein there was a rush to paper assets, led by gains in big financials and tech unicorns.
There was minimal delivery activity in The Bucket Shop yesterday, not even worth reporting. There was a little shuffling of bullion in the warehouses; silver continues leaking out. And it bears watching, because the central banks do not have any.
The US doleur du monde continued to add a little to its rally, as noted in the chart below.
Have a pleasant evening.