Loading ...Over before it began
Bill,
Today felt like it was over before it ever began. For all intent and purpose they could just suspend silver trading until further notice. It’s coma-like existence lately is virtually indistinguishable from NOT trading. Up a penny, down a penny, while the trading volume ticker just keeps whirling. The Tropic of Torpor has turned into Death Valley. If there was a VIX index for silver it would have to be somewhere around 0.25, or LESS.
Gold gained a lousy $1.80 yesterday while its open interest was gaining a hefty 7,551, proving the “resolute sellers” were alive, and cartel monkey suits. The duck quacks daily in spite of what COT indicates. Today’s gold trading volume has already exceeded a hefty 210,00 contracts by 10:30 am, with gold off 90 cents. Safe to say open interest should see further gains when it’s tallied up for the day.
The biggest DUH headline of the day comes from the clueless folks at Kitco, courtesy of a blind leading the blind interview.
Gold Prices Are Not Yet Reflecting Reality- Fund Manager
Ya think? Too bad there’s nobody to investigate WHY.