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.