Not heaven and not hell. Just listless trading. The trading is lackluster and uninspiring. The open interest is a modest 184,842 contracts.
Silver continues to gain internal strength.
Most of the time silver, after a liquidation like we have had, takes a couple of weeks to regain its footing. This has been no exception. Individual countries will lose the autonomy to sell their gold after Jan.1 1999. That selling should be over soon or should have ended by now. There is talk by the gold bears that the IMF will dump some of its gold, but official circles have repeatedly denied any such intentions.