November 13, 2017 -- Gold and silver prices faltered on Friday after some gains earlier in the week. A seller (or sellers) dumped 30,000 gold contracts on the market Friday morning, amounting to $4.2 billion in notional value. As is often the case in today's manipulated markets, it was a blindside without a news event anyone can point to as the cause.

Perhaps another bullion bank trader organized a price raid in some shady internet chat room, and stuck it to his client. It's been done before. Despite the sell-off, metals finished essentially flat for the week.

News of rising tensions in Saudi Arabia and the Middle East did not translate into much safe-haven buying. Should actual violence break out, perhaps investors will respond.

Economic data this week will include the monthly report on retail sales, CPI, and industrial production.



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