09 March 2016

Gold Daily and Silver Weekly Charts - And Now the Movie, Folks...

“A crowd whose discontent has risen no higher than the level of slogans is only a crowd. But a crowd that understands the reasons for its discontent and knows the remedies is a vital community, and it will have to be reckoned with."

Wendell Berry

Gold and silver gave up a little of their rather impressive gains for the year today.

I heard this was the strongest yearly start for gold since the 1970's.

There was little to no precious metals action in The Bucket Shop and its environs yesterday.

Watching the crestfallen faces of the MSNBC media muppets last night when Sanders stunned Hillary in Michigan was priceless.  Almost as good as watching Debbie Wasserman Schultz trying to silence Sanders supporters.

Most traders are watching what the European Central Bank, aka the Sons of Anarchy, Brussels Originals, will deliver in the way of stimulus tomorrow, most likely in the form of additionally negative interest rates, and how much.

So we should probably watch for it too.

Have a pleasant evening.