18 August 2014

Gold Daily and Silver Weekly Charts - Lies, Damn Lies, and the Irresponsibility of the Status Quo

"We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”

Blaise Pascal

Gold was under some pressure, with silver capped.

The market decided that since shooting had not broken out in the Ukraine that all is well and it was time to bulk up on the risk trade, albeit with low volumes.

This is a very cynical, Fed-fueled market.

The lies are flying thick and fast if you are following any of these geo-political events.

Have a pleasant evening.