Gold Daily and Silver Weekly Charts – All For One, And None For You

from Jesse’s Café Américain

[…] The US dollar continued powering higher today, which is not good at all for the real economy but certainly serves the global purposes of the financial class.

Gold and silver held their own against this, and a continuing decline in stock market volatility as measured by the VIX.

The deliveries were notable only for gold, as Macquarie continued to offer up their house account gold claim checks position, taken up largely by the bullion bank Nova Scotia and the ‘mystery customer’ at JPM.

Macquarie certainly painted a big target on their back with that position taken on the Comex. If I were of a mind to acquire gold I probably would not do it at that venue, even for a trading position. But that’s just my opinion, and I could be wrong.

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