19 May 2016

Gold Daily and Silver Weekly Charts - No Substance

"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice. You have owners. They own you. They own everything. They own all the important land, they own and control the corporations that've long since bought and paid for, the senate, the congress, the state houses, the city halls, they got the judges in their back pocket, and they own all the big media companies so they control just about all of the news and the information you get to hear. They got you by the balls.

They spend billions of dollars every year lobbying to get what they want. Well, we know what they want. They want more for themselves and less for everybody else. But I'll tell you what they don't want. They don't want a population of citizens capable of critical thinking. They don't want well informed, well educated people capable of critical thinking. They're not interested in that. That doesn't help them.”

George Carlin

There were no noteworthy deliveries of gold or silver on the Comex yesterday.

That is one thing that it has in common with the Fed's economic policy, and the two leading presidential candidates come to think of it:  a lack of substance.

There will be a stock option expiration tomorrow and a June gold option expiration on the Comex next week.

Have a pleasant evening.