12 March 2014

Gold Daily and Silver Weekly Charts - In Search of The Yellow King

"The very banality and innocence of the first act only allowed the blow to fall afterwards with more awful effect.”

Robert W. Chambers, The King In Yellow

"History is made up of the bad actions of extraordinary men and woman. All the most noted destroyers and deceivers of our species, all the founders of arbitrary governments and false religions, have been extraordinary people; and nine tenths of the calamities that have befallen the human race had no other origin than the union of high intelligence with low desires."

Thomas Babington Macaulay

Gold 'popped' today, and took out the overhead resistance, running up to 1370 before pulling back a bit.  Now that it stuck a close, the gold bulls will have to find some level of defensible support, so we can see where the necklines really are. 

Silver really has not caught a spark yet, and when we see that we will know that gold and silver are both starting to get the bears on the run.   Those who willfully ignore the unfolding currency war are probably undervaluing their risks.

So let's see what happens, and what the days ahead may reveal.  I think there is a sickness in the valuations of things, and the ways in which money is being distributed, and wealth is quietly stolen.  There are some ugly creatures running through the underbrush and the darkness, as men make beasts of themselves to avoid the pain of being human.

Time does not always make things clear, and the truth can be hidden for long periods of time.  But there are clues, and facts enough,  for those with enquiring minds, who do not avert their eyes from the facts, fearing their implications.    Things may have seemed difficult before, but the real revelations seem as though they are yet to come.

Have a pleasant evening.