02 July 2014

Gold Daily and Silver Weekly Charts - Stonewall Silver

Nothing really interesting happened yesterday in the warehouses of The Comex. And no surprise there.

And nothing really happened in the gold and silver markets in New York today.  Silver is still proving to be remarkably resilient in its active month.

This is a sleepy week, and bound to get a lot sleepier quickly after the Non-Farm Payrolls report comes out on Thursday morning. I assume the algos have been pre-programmed, the junior traders firmly instructed, and the second tier shills provided their talking points du jour.

I think we may have discovered that the best way to effectively muzzle some of the great dissenting voices of your time, including Greenwald, Scahill, and Poitras, is to have some fortunate billionaire fund an electronic journal with John Cook as rédacteur-en-vacances, and then let it falter.   The Intercept is remarkable chiefly for its lack of output, almost incredibly so since mid June.

At least Greenwald and Taibbi have their book tours to occupy their time, and twitter as a means of communication.  

Have a pleasant evening.