Gold Daily and Silver Weekly Charts – Le Bon Samaritain

from Jesse’s Café Américain

It would be hard to have seen a more technically perfect performance on the chart by gold today, as it came down and bounced off support and finished higher on the day.

Gold was a snoozer in the deliveries and the warehouse reports, as is befitting a normally dull July contract.

Let’s see how things go next week.

Silver continues to bleed out, slowly but surely in the warehouse inventories, with JPM having a virtual corner on Comex physical supply.

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