27 December 2012

Gold Daily and Silver Weekly Charts - Deja Vu All Over Again

A baby step higher day in the metals, with more shenanigans likely in the the waning days of this year.

Intraday commentary on the 'December manipulation' phenomenon here.

"Plus ça change, plus c'est la même chose."

Jean-Baptiste Alphonse Karr, Les Guêpes, 1849

There will be no sustainable recovery without genuine reform of the financial and political system. At best, there will be a pale imitation of growth fueled by a pernicious of monetary inflation and the continued financialization of the real economy.