The New York traders are trying hard to keep a lid on silver and gold here.
Gold is struggling to break through the 1375 pivot and hold its gain, and silver is toying with the 29 handle.
Unless there is another liquidity market panic I expect these metals to follow their charts higher.
District Court Judge Orders Federal Reserve to Hand Over Gold Records
"If the U.S. gold reserves are just sitting somewhere, inert, unencumbered, and unused for surreptitious market intervention, what's the problem with full disclosure?"
Both Bernanke and Greenspan have testified that there have been no transactions in gold. Yet the Fed refuses to disclose documents that suggest circumstantially that there have been.
Even moreso, since the US bullion reserves belong to the people and not to a private banking cartel, there should be no records of any transactions by the Fed. Any transactions should have been handled by Treasury.
How Much Gold Does the US Have In Its Reserves? ... READ MORE HERE
