17 September 2014

Gold Daily and Silver Weekly Charts - Late Afternoon Smackdown - Ball and Chain

I hope you have had the time to watch the David Cay Johnston videos I put up overnight. They will help to explain much of what is going on in the financial markets and The Recovery™.
Gold, and to a lesser extent silver, took a late day price hit after the FOMC meeting in dull trade.  I was wondering if the wiseguys were going to let an FOMC Day go by without at least a cheap shot.

I include the Comex warehouse activity for silver below. I do not believe it is particularly meaningful however.  The real action in precious metals is in the East. 

I am curious to see what is going to happen to stocks here.   The Alibaba IPO should hold them up since it is such a monstrously large snack for Goldman and the Merry Pranksters on Wall Street.

I am now looking for an indication of some traction in the precious metals more than anything else.  I think it will have to come from an exogenous source.  The US markets are thoroughly 'in hand.'  Unfortunately they are the wrong hands.

Have a pleasant evening.