Gold last reported a.m. is $166.70 up $2.80 and silver is $15.65 up 5 cents.
Both metals remain available under production costs.
Today the Financial Conduct Authority in the UK is once again fining banks for fraudulent FX trading.
*Citibank 358 million
*HSBC 343 million
*JP Morgan Chase 352 million
*Royal Bank of Scotland 344 million
*UBS AG 371 million
Barclays Bank is also currently being investigated.
While these fines may seem large by working class standards, these fines equate to approximately 1 business days profits for the banks involved.
Gold Goliath is not your typical gold dealer.