Friday, February 3, 2012

Silver Rebounding After Post NFP Raid

Live New York Silver Chart [ Kitco Inc. ]Somewhere Andrew Maguire's old buddies are having a beer and laughing at their continual fleecing of the sheople with the cartel's standard NFP raid, conducted with precision in smashing silver down over $1 upon the release of January's NFP report.
Silver is now recovering from the raid, retracing half of its losses, and threatening to regain the critical $34 level. 

Live New York Silver Chart [ Kitco Inc. ]

Gold is not faring quite as well, only up $5 from its lows. Again, $1750 is a critical level, expect the cartel to do everything possible to get gold to close for the week under $1750 today.

Live New York Gold Chart [Kitco Inc.]