The fact that share prices are not following the suppression speaks volumes. All the best.

Gold's continuing rally subdued by the Triple Witch Week

J. B. Slear September 17, 2012

US$ is up 4.4 points at 78.885, a fine resting spot during the Triple Witch Week start, this is an attempt to show support after the admittance of digitizing far more currency per month than ever before, Treasuries are benefiting as well, at the moment, all are in the positive. Energy sector has a negative tone as well with the price of Crude Oil down only 28 cents with the trade at $98.72 a barrel as the rest of the group looks for more direction. Gold is lower with the trade at $1,770.60 and a low of $1,76.50, Silver is lower as well by 13.6 cents with its trade at $34.520, both metals were on a rise as the Asian Markets opened Sunday Night but get subdued as The European Markets start to trade. Grains are all trading in the negative after a weekend of good harvest weather, Softs are mixed with Sugar/Coffee/OJ trading higher, Cocoa/Cotton trading lower. Livestock Sector is closed till the Chicago open, Paper Markets are looking for direction as we start our Triple Witch Week with a Currency Roll Over which is mostly counter-intuitive to the markets real direction. The rest of the week, Treasuries and the Paper Markets threesome, along with the paper market Options, will expire/rollover by Friday which is the cause for the support. This might be the last pullback in the precious metals as we start to see the rest of the world’s sleepers start to wake up to the loss of purchasing power their savings/retirement accounts are receiving because of the money printing. We suggest to go long and as always …. Stay Strong!!