Thursday, March 8, 2012

Gold Back Above $1700, Silver Above $34, Despite Cartel Capping

Gold has finally regained $1700, and silver has regained $34 during today's afternoon Globex session.

(Will close in 21 mins.)
Metals Date

Ask Change Low High
Buy gold Gold Charts  GOLD 03/08/2012

1688.20 1705.00
Buy silver Silver Charts  SILVER 03/08/2012

33.27 34.11

Gold has actually now just closed the globex session at $1700.50, and silver was capped just below $34 for a close of $33.98.  Big surprise there, right?
While for now it appears that bottoms are in for both gold and silver, we'll wait till after tomorrow's BLS report session to know for sure, as these are one of the cartel's favorite days for raids.

Silver clearly capped at $34 all day today
Live 24 hours silver chart [ Kitco Inc. ]

Gold clearly being capped at $1700 as well:
Live 24 hours gold chart [Kitco Inc.]