Gold Daily And Silver Weekly Charts - Big Deliveries, Small Price Action - Payrolls

There was intraday commentary about the unusually high volume of gold deliveries for the June contract on the Comex for the first three days of this period. Given the recent history, it is almost astonishing.

The European Central Bank did nothing today. It is what they seem to do best.

They suggested that they might start buying corporate bonds, presumably at non-market rates.

Why don't they just mail envelopes stuffed with cash to their corporate cronies and banksters? I mean, from what I can tell, most of the policy in the US and Europe has been focused on further enriching a wealthy few, and sustaining a corrupt financial system that is unsustainable without heavy subsidies and seigniorage of information, special allowances, and outright monetary assistance.

In their defense, the Fed is just as bad or worse when it comes to lack of principles and cronyism.

I have a hunch that gold and silver are being capped here for a reason. Maybe. It's hard to tell with the non-linear Fed.

As old Sister Killian used to say of such behaviour, 'babies must play.'

Non-Fulltime Payrolls Report tomorrow.

Have a pleasant evening.