The Phaserl


Eric Sprott: Gold Shortage Coming

by Ed Steer, Casey Research:

The Friday trading session in gold was very similar to Wednesday, as nothing much happened in price or volume terms. It traded more or less flat throughout Far East and early London trading—and only developed a positive bias worthy of the name starting at the Comex open. Even that six dollar ‘rally’ got sold down a couple of bucks in the last hour of electronic trading in New York.

The low and high ticks aren’t worth my effort to look up.

Gold finished the day at $1,275.90 spot, up $2.80 from Thursday’s close. Volume, net of June and July, was 86,000 contracts.

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