October did not start well for Pm’s for many reasons, start with Gov’s shutdown, sell stops triggered for gold at 1300$, China been in golden holiday week, oil down as well, all the speculations of this dysfunctional markets, the economic reality being shaped and manipulated by the power elite, whatever the case, Pm’s sold out today, then recovered very little in the afternoon hours. We are now at 7 week low~ in prices. Watching closely the support levels now at 1270- 1250$ gold and 20$ of course is the magical number for silver. No, I do not think we gonna break under the lows in place from few months. A rally, together with a quick political fix at the tires of this economy, and we may even see a rally back up for gold and silver maybe even by the end of this week or the next. US Mint sales of AGE up in September but still lukewarm over all, silver more on target with the ASE still candidate for a record year or just about it. For sure the first half of the year the volume was higher for both metals. The “taper-BS-talk” of course, is always on the cards also this month, but,
ALWAYS mañana…