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Gold Daily and Silver Weekly Charts – Markets In Monetary Driven Stasis

from Jesse’s Café Américain

I believe that at some point the bullion dealers will abandon spot pricing which is based on a Net Present Valuation of the futures front month.

But what would they use instead, the London fix? That is just as dodgy if not more.

Let’s see if Bart Chilton and the CFTC can do anything to restore confidence and transparency in the futures markets. I am not expecting much if anything from them.

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