Gold Daily and Silver Weekly Charts – A Spoonfull of Brexit Makes the Pound Go Down
Monday, February 22, 2016 16:12
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Brexit fears had the British pound on the ropes, with the US dollar index rising commensurately.
Gold and silver were hit in the lightly traded overnight Globex trading, and showed some weakness most of the day.
Wednesday the 24th is the option expiration for the March Comex gold contract.
There was little activity for gold in The Bucket Shop. The bullion banks keep passing the hot potato around amongst themselves for the most part.
Silver is seeing few deliveries this month, but lots of action in the warehouses as bullion moves in and out. The difference is that the Comex acts as a physical delivery market for silver, due in large part to CNT’s wholesale bullion business.
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Source: http://financialsurvivalnetwork.com/2016/02/gold-daily-and-silver-weekly-charts-a-spoonfull-of-brexit-makes-the-pound-go-down/?utm_source=rss&utm_medium=rss&utm_campaign=gold-daily-and-silver-weekly-charts-a-spoonfull-of-brexit-makes-the-pound-go
