The cartel has been at work since the COMEX open. They have now successfully stuffed gold back under $1700, and silver under $39.
The gold/silver ratio has also increased back up to 43.6.
Meanwhile, the Dow is now down a cool 375.
Still waiting for the Fannie/Freddie/ BAC, JPM, etc downgrades when the fun should really begin.
MARKET IS OPEN (Will close in 6 hrs. 59 mins.) | ||||||||||
Metals | Date | Time (EST) | Bid | Ask | Low | High | ||||
GOLD | 08/08/2011 | 10:43 | 1697.60 | 1698.60 | 1691.30 | 1706.50 | ||||
SILVER | 08/08/2011 | 10:43 | 38.86 | 38.96 | 38.64 | 39.85 |
Again, feel free to express your feelings to Blythe on her personal blog.