Predominantly US Dollar negative news all week, and Gold and Silver are both in the red for the week...so far. The spring on Gold and Silver winds tighter each day. The rat trap is set. Closes over $660 Gold and 13.24 Silver could spring the trap.
If the PPT uses "offshore" banks to buy domestic assets, are those funds counted towards Net Foreign Purchases of domestic assets? Note that December's TIC number was revised down from $15.6B to $14.3B. The January numbers certainly would explain the "new highs" in the Dow in January. Who said "funny money"?
Endeavour to perceivere...a ton of gold bricks are soon to squash these stinking rat bastids.
Silver Resistance: 13.03 / 12.68 / 13.24
Silver Support: 12.84 / 12.68 / 12.55
Gold Resistance: 647.60 / 650.90 / 658.50
Gold Support: 644.50 / 636.30 / 624.60