Gold Daily and Silver Weekly Charts – Late Afternoon Smackdown

I hope you have had the time to watch the David Cay Johnston videos I put up overnight. They will help to explain much of what is going on in the financial markets and The Recovery. Gold, and to a lesser extent silver, took a late day price hit after the FOMC meeting in dull trade. I was wondering if the wiseguys were going to let an FOMC Day go by without at least a cheap shot. I include the Comex warehouse activity for silver below. I do not believe it is particularly meaningful however. The real action in precious metals is in the East. I am curious to see what is going to happen to stocks here. The Alibaba IPO should hold them up since it is such a monstrously large snack for Goldman and the Merry Pranksters on Wall Street.

This post was published at Jesses Crossroads Cafe on 17 SEPTEMBER 2014.