21 October 2015

Gold Daily and Silver Weekly Charts - J'attendrai - There Will Come Soft Rains

Gold and silver were hit by some fairly deliberate selling between 9 and 10 AM Eastern US time as you can see.

After that, it was largely a sideways move with a slight upward drift.

Things are still playing out pretty much as I had expected, and I continue to wait for this to play itself out, and make the pattern apparent.

The Bucket Shop continues to be in a general gold lockdown in the warehouses. The bullion banks Nova Scotia and JPM swapped a little gold amongst their house accounts.

A little silver managed to slip out of the warehouses, and some additional bullion went up into the deliverable (registered) category.

Gold continues to move from West to East.  The speculators and gamblers using other people's money continue to increase the leverage on their declining stores of bullion.

How do you think that this will end?

I have some thoughts, but only know for sure that it will.

Thank you for the well wishes on the test results.  They were good as far as these things may go when you are playing for time.  But then again, we really all are.  I must say she still makes the most of what she has in doing good for others, and making our house a real home.  And keeping this fellow in line.
"All these gave out of their excess; but she out of her poverty put in all she had to give.”  Luke 21:4

The ECB is meeting and will come out with their decision tomorrow.

There was intraday commentary about backstopping the wealthy gamblers with public money here.

Have a pleasant evening.

There Will Come Soft Rains
By Sara Teasdale

There will come soft rains and the smell of the ground,
And swallows circling with their shimmering sound;

And frogs in the pools singing at night,
And wild plum trees in tremulous white,

Robins will wear their feathery fire
Whistling their whims on a low fence-wire;

And not one will know of the war, not one
Will care at last when it is done.

Not one would mind, neither bird nor tree
If mankind perished utterly;

And Spring herself, when she woke at dawn,
Would scarcely know that we were gone.