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Gold Daily and Silver Weekly Charts - Gold Is Flowing From West to East

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Jesse
Le Cafe Americain
Published : May 02nd, 2013
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Category : GoldWire

Intraday commentary on the Chinese gold rush and the ongoing currency war here.  It might be well to read this if you have not so already.   What the People's Daily Online has to say about the Chinese market for physical gold is stunning.

It correlates heavily with the gold and silver market action and represents a kind of summary of what I think might be going on.

Stocks are in a bubble. A lot of the stock market action is reminiscent of the tech bubble with overtones of the housing bubble.

Europe is in trouble. Draghi is considering negative interest rates to force the Banks to lend. 

Bernanke and company are papering over problems with their exorbitant privilege. 

Non-Farm Payrolls tomorrow.
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