Gold and silver were rallying slightly most of the day, while stocks were trending lower.
When the dovish Fed minutes came out stocks managed to rally and the precious metals reversed for losses.
The pricing of the metals at The Bucket Shop is strikingly diverged from the physical markets.
No where is this more apparent in the delivery reports, in which only copper seems to be getting some action, and little else.
The domestic warehouses continue to bleed out bullion. In particular gold is held in size now only at Scotia Mocatta and HSBC.
Have a pleasant evening.
