Monday, August 8, 2011

Gold Back Below $1700, Silver Stuffed Back Under $39

*Update- silver raid intensifying- $38.51
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.

(Will close in 6 hrs. 59 mins.)
Metals Date Time
Bid Ask
Low High
Buy gold Gold Charts  GOLD 08/08/2011 10:43 1697.60 1698.60

1691.30 1706.50
Buy silver Silver Charts  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.

Live New York Gold Chart [Kitco Inc.]

Live New York Silver Chart [ Kitco Inc. ]