by Harvey Organ, HarveyOrgan.Blogspot.ca:
Gold closed up $10.20 at $1300.70 (comex to comex closing time ). Silver was unchanged at $19.68
In the access market tonight at 5:15 pm
Last night, I told you that today was options expiry and generally the bankers always whack gold and silver. Actually they tried early in the evening from London, but demand was just too great, and with events coupled from Russian/Ukraine political crisis, gold rose by 10.00 dollars by the end of the day.
However, please notice that silver lagged behind and finished unchanged. The bankers still have a few days left to cause havoc to our option players who take possession of a physical contract in gold and silver. The lack of a rise in silver compared to gold, is their way of sending a smoke signal that the banker boys are regrouping and will try another offense non backed paper avalanche on Monday.
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