24 June 2016

Gold Daily and Silver Weekly Charts - Flight To Safety

In 2008, their economic worldview and unrestrained corruption precipitated a global economic crisis that literally caused, and is still causing, billions of people to suffer — in response, they quickly protected the plutocrats who caused the crisis while leaving the victimized masses to cope with the generational fallout. Even now, Western elites continue to proselytize markets and impose free trade and globalization without the slightest concern for the vast inequality and destruction of economic security those policies generate...

Corrupt elites always try to persuade people to continue to submit to their dominance in exchange for protection from forces that are even worse. That’s their game. But at some point, they themselves, and their prevailing order, become so destructive, so deceitful, so toxic, that their victims are willing to gamble that the alternatives will not be worse, or at least, they decide to embrace the satisfaction of spitting in the faces of those who have displayed nothing but contempt and condescension for them.

Glenn Greenwald

Next week should be interesting.

Gold did a $100 overnight move last night at one point from the low to the high, before giving some back today.

We are still waiting on a proper breakout, but the ice has been broken.

And we have only just begun.

Have a pleasant weekend.