Thursday, July 7, 2011

Blythe Takes Holiday Shortened Week Off?

Have you noticed how good of a holiday shortened week gold and especially silver have been having?

Have you also noticed the absence of the typical cartel take-downs?
We sure have.

Check out the 24 hour silver chart below for Tuesday, Wednesday, and now Thursday's price action in silver.

Live 24 hours silver chart [ Kitco Inc. ]
Blythe on Holiday?



Absolutely no take-downs (either of the escalator down or the mine shaft drop down variety) during COMEX trading hours.
Really, the only cartel footprint noticeable all week occurred from roughly 6am to 8am eastern time (LBMA trading hours) Wed July 6th.

The cartel obviously could just be taking a week off after July options expiry last Thursday.
The absence is still conspicuous nonetheless, and we welcome our readers' thoughts on the  matter.