Chinese stocks rise 5%! Risk Assets follow! OECD forecasts faster global rowth…Gold & Silver kicking sand again! And Now… Today’s Pfennig!

Gold’s path was about the same on Tuesday as it was on Monday…with strength in London right up until the p.m. fix…or the London close. Then, from either of those two points (or both), down it went once the New York crowd had the metals to themselves. However, the sharp decline in both silver and gold yesterday brought in strong buying…which brought the prices back to their Monday closes. Volume was 98,000 contracts…net of switches.