hello, the way is the market looks is not good, I own gold and silver stocks , but gold and silver is going up and miners are going down, can anybody predict if gold goes above 1500 level where EXK will be? lower price ? higher price? just confused.
I was seriously confused yesterday, not so much to day since silver did go down. I think a lot had to do with futures contracts expiring today. Hopefully the next couple of days will paint a clearer picture (and hopefully that picture will be up, up, up!)
Yesterday the CME's Daily Delivery Report for Tuesday showed that 255 gold and 1 silver contract were posted for delivery on Friday. In gold, the biggest short/issuer was HSBC with 226 contracts, and the only long/stopper of note was JPMorgan Chase with 241 contracts. JPMorgan Chase stood for delivery with 2,989 which equals 76% of the total.