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Draghi Announces OMT or Europe’s Operation Twist / Germany is Not Enamoured

by Harvey Organ

Good evening Ladies and Gentlemen:

Gold had a good day rising by $11.60 dollars finishing the comex session at 1702.60 crossing the 1700 dollar barrier for the first time since March 13/2012. Silver also had a good day closing up 26 cents at $32.62. Today everybody waited for official announcements from Draghi and they certainly had an effect on the day’s trading. I will be going over in great length the Draghi conference and it’s meaning for us but first let us now head over to the comex and assess trading today. I caution you that tomorrow is the jobs report and the bums always hits gold/silver prior to its release. With Obama talking today, he probably knows the number and he may say something like jobs growth is starting the take hold etc..

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