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Another Turd Hat

Just when it looked like the week might get off to a nice start, some positive economic news came along. This spiked rates and the USDJPY and the result is another one of those "Turd Hat" formations we've all come to loathe.

October Comex Gold "Deliveries"

As we've been monitoring all year, the total amount of gold allegedly "delivered" through the Comex has soared in 2016. This is simply another anecdotal datapoint of gold demand but the trend is certainly noteworthy, particularly when you see the numbers thus far in October.

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Wrapping The Week

Paper metal prices are hovering in slightly positive territory for the week while the mining shares are still up significantly. As we get this week wrapped up, keep an eye on the USDJPY and let's hope for a close back below 104.

Count Draghi Mumbo Jumbo

Since you may have missed it earlier, here's some exclusive coverage of Mario Draghi's press conference.

Gold Follows Miners Higher

In yesterday's podcast, we speculated that the metals might follow the miners higher, as the HUI was already up 5% on the week. And today we got our answer as gold has finally broken back above its 200-day moving average, bolstered in part by a sharply falling USDJPY.

Your Latest Batchelor-Cohen

The next 48 hours in Syria will be important as a "humanitarian pause" has been declared around Aleppo in order to allow some residents safe passage out of the area. Will this initiative proceed or will it end in flames, as the "humanitarian convoy" did a few weeks ago.

The Importance of The Deutsche Bank Silver Fix Lawsuit Settlement

This post is intended to remind you that this case is not about the present and it's not about the $38MM dollars. Instead, the true significance of this lawsuit will be on display over the coming months and years as innumerable new class action lawsuits are filed against The Bullion Banks for their collective role in rigging and manipulating the precious metals markets.

Paper Gold Rebuffed at 200-day...Again

If you're looking for any kind of upward momentum in paper gold prices, you're going to need price to first break through its 200-day moving average. Unfortunately, this is proving to be a difficult task as price was rebuffed yet again earlier today.

Inching Along

The new week begins much like the old one ended. While the entire world seems to be in a state of madness, the metals are stuck in the mud and barely moving. Why? What you're seeing is the importance of rigging the paper gold price below all of the moving averages as this makes the generation of upside momentum very difficult.

Finishing The Week Mostly Unchanged

After last week, this almost feels like a freaking victory...

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