12 February 2014

Gold Daily and Silver Weekly Charts - Baby It's Cold Outside

“But today as then, the great propertied interests and their agents commit the most ferocious crimes in the name of the whole people, and bluff and brow-beat them by lying propaganda."

C.L.R. James, The Black Jacobins: Toussaint L'Ouverture and the San Domingo Revolution

Gold and silver tried to break higher today, with gold leading the way. After an early morning pop up to 1298, the Anglo-American gold cartel brought the water cannons to bear, and pushed it back down to 1292 in the after hours.

Tomorrow a major winter storm is going to have its way with the Northeastern US. The bailout boys will have to wear their mukluks to work, or hired some unemployed to carry them about. But never fear, they'll be there. Thank God for the financial system that they are not too lazy to steal.

Monday is a holiday in the States, so we'll be heading into a three day weekend.

The next option expiration for precious metals on the Comex is February 25th.

There was a little back and forth in storage, but nothing meaningful happened in the Comex warehouses yesterday.

Have a pleasant evening. Don't fall into any snowdrifts on the way to work tomorrow.