There wasn’t a lot to read into gold and silver prices on Wednesday, as they sort of wandered aimlessly …down in London and up into the New York open.
Gold didn’t do a lot on Friday, but silver definitely had a mind of its own. It rose throughout the Far East and Europe, but ran into a not-for-profit seller at 9:00 a.m. New York time.
On Friday, both gold and silver had a positive day…as did the HUI. What happened yesterday was similar to what happened on Wednesday. Then Thursday came along and these gains vanished…so I’m reluctant to read too much into Friday’s action.