Gold and silver hold as options expire on the comex tonight/Peer to Peer lending capped in China: this is a major source of funding for Chinese housing/Portugal may lose its investment grade for its sovereign bonds: if they lose this, a major black swan event as ECB must disgorge all of Portuguese bonds/fed whisperer Hilsenrath slams the Fed in a surprising paper:Looks like the Fed wants fiscal stimulus/subprime auto loan delinquencies jump 17%
by Harvey Organ
Harvey Organ’s Blog
Gold:1320.40 down $4.30
Silver 18.48 down 7 cents
In the access market 5:15 pm
Gold: 1322.00
Silver: 18.55