Gold Daily and Silver Weekly Charts - Peak Boredom

From a practical and a technical standpoint very little happened in the precious metals today.

There were no deliveries at The Bucket Shop yesterday, and as for the warehouses, even CME Hong Kong looked more like New York than its hard core metalhead self.

Prices had a bit of a lift higher, which is impressive if you look at the manner in which the US dollar has been gaining in a 'flight to safety' of its own.

Still, I suspect we will see much of the same sort of coverup and inventory management to go with the price tinkering and its supporting pile of synthetic gold claims until the market resolves itself to the reality of the market behind the paper market, and then it will 'clear,' and perhaps impressively so.

Have a pleasant evening.