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And Then There’s This…Monday, December 1st, 2008
Contrarian Profits (December 1st, 2008) Writes:
Pack a lunch and blow the froth off a cool one…as I’ve got three days of gold and silver market activities to talk about…and lots of fascinating reading as well.
Wednesday, November 26th
This was the last day for all parties to get their gold and silver contracts switched to the 2009 year…or they would have to stand for delivery on Friday. With the U.S. in holiday mode almost from the beginning of trading, the tiny rally at the Comex open was stepped on and never recovered. But it hardly mattered…as volume was virtually non-existent. Silver was the same. Call the day a big zero. However, the shares reacted otherwise. Even though gold was down ten bucks at the close of the equity markets, the HUI still managed a surprising 6% increase…the second day in a row that gold has been flat or down…and the HUI up. Hmmm!
Open interest on Tuesday showed
...actual metal, After Citi;, Al Korelin;, Ambrose Evans-Pritchard, Bank, Bank Of America, bank of china, Bill Buckler;, bill king, Bill Murphy, bloomberg, Bob Moriarty, Canada, central bank, Central Banks, Christmas, Citigroup, Citigroup Bank Nationalization;, contrarian profits, Detroit, Dwight D. Eisenhower;, EUR, Europe, European Central Bank, F. William Engdahl, Far East, Fdic, Institute For Supply Management, London, main stream media;, Market Commentary, Moscow, New York, Obama administration, Paul Volcker, Reuters, Russian Gold Industrialists Union;, Ted Butler, Thanksgiving, the Telegraph, The Wall Street Journal, U.S.'s Thanksgiving;, United States, Us Federal Reserve, Us Government, Us Treasury, USD, vain search;, world gold council, Yahoo
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