German Economy Imploding / Europe Also Releases Bad Economic Data on Industrial Production and Factory Orders / Gold Falls But Silver Rises

by Harvey Organ
Harvey Organ’s Daily Gold & Silver Report

Good evening Ladies and Gentlemen:

Gold closed today down by $3.20 to $1609.70 by closing comex time. However at the same time, silver seems to be bucking gold’s trend as this metal rose by 33 cents to $28.08. We are now in the midst of the summer doldrums with our major European politicians on holiday. Thus do not expect any action until September. Today we saw poor industrial production numbers from Germany and also from the rest of Europe. Factory orders were also down badly in Germany. Many stories to cover today but first let us head over to the comex and assess trading there today.

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