21 September 2016

SP 500 and NDX Futures Daily Charts - Come As You Are


The Fed did nothing - as expected, and is often their wont.

The soonest they will be raising rates will likely be December.

The central banks will keep feeding liquidity into a broken and corrupt financial system until it derails.

They will do everything in their power to avoid any semblance of responsibility for the collateral damage they and their friends are causing.

Janet's comments today in her press interview with regard to the Wells Fargo situation were almost incredible.  We are assured that the Fed will continue its vigilance over the Banks to insure that their system of governance and incentives will not result in bad behaviour.   And the press did not follow up on that at the least.  I don't understand how they did not break out into laughter.

Let's see if stocks have hit a high note yet, or have more room to continue higher squeezing the shorts.

What happens at that point, when the punters are all staring at each other with buy tickets in their pockets and nowhere to go may be interesting.

But thinking ahead and acting responsibility does not seem to be in the DNA of the financier class and our ruling elites. And they take many weak ones along with them.

Do not allow this cultural poison of greed and indifference to evil to infect you, so that when the time comes you will 'be rejected, though you seek the blessing with tears, but can not change what has been done.'

Winning...

Have a pleasant evening.





20 September 2016

Gold Daily and Silver Weekly Charts - Modern Monetary Madness


The precious metals are in a kind of a lockdown ahead of the FOMC meeting tomorrow.

Watching the august Senators questioning the CEO of Wells Fargo today was emetic.

Some of them talked a great game, but it was just more talk.

Keep an eye on the European Banks, especially in Germany and Italy.

The US Banks with the Fed effectively are in control, so do not worry about them.

 Rather, be concerned for yourselves and your families.

Have a pleasant evening.



SP 500 and NDX Futures Daily Charts - FOMC Tomorrow


The market is the Bank.

The Banks are the market.

The market rules the country.

FOMC tomorrow.

Have a pleasant evening.



NAV Premiums of Certain Precious Metal Trusts and Funds



Silver is still a 'bit cheap' compared to gold, but not as much as it had been with a gold/silver ratio of 68.

Interestingly the Sprott Silver premium still lags Sprott Gold.

FOMC tomorrow.  The metals are in kind of a 'lockdown.'


19 September 2016

Just Charts - All Market Eyes on the FOMC Meeting This Week


We ended up at the neurologist's office most of the afternoon and ran late with EEG testing.

All eyes are clearly on the FOMC decision on rates on Wednesday the 21st at 2 PM.

If they do nothing this week, then December is the next most likely opportunity for them to get their increase in basis points so they can lower them again when their latest asset bubble collapses.

Have a pleasant evening.





16 September 2016

Gold Daily and Silver Weekly Charts - FOMC Next Week - Little Finger and Cersei


Gold and silver gave up a little today, which was not as much as one might have expected from the little rally up in the US douleur du monde.

Gold in particular has an interesting formation in the making, and as can be seen on its chart, is approaching an area of key support.

Next week could be 'interesting.'

I won't assign odds to what the Fed might do next week. There are obviously two factions on the board, the hawks and the doves. Yellen is the dove-in-chief, with Fischer presumably the hawks'.

The warehouses and clearing were relatively quiet for the precious metals.

The currency war continues. That rather impressive fine levied on Deutsche Bank by the DoJ was clearly a shot in the war of some sort. Perhaps Frau Merkel is not toeing the line sufficiently.

The US election is an interesting one, with both candidates having very high unfavorable ratings. This is sure to be a divided, contentious four years ahead no matter who wins.

One twist, which may not seem likely now, is that for some reason the lady Hillary would have to drop out, presumably for health reasons. The Democrats would have to show their true colors then.

As for the Republicans, they are stilll the loyal servants of the corporate moneyed interests as they have long been, only for a different faction of the one percent compared to the Wall Street Democrats.  In corrupting the DNC, the Clintons did a great damage to the political balance of the country and government by the lesser of two evils.

These two candidates remind might remind one more of Lord and Lady Macbeth, rather than the standard bearers of ideological contrasts.  Or in keeping with the current tastes in literature, like Little Finger and Cersei.    All the people seem to need to decide is a lot of name-calling and a good show, and the caricature of their humanity to beat upon.

We have only just begun to sit down and eat at that banquet of consequences.

The weather is taking on a definite flavor of Autumn, and at night it is even a bit chilly.  There are plenty of leaves already on the ground, not from the changing of the weather, but from the almost unbearable heat and lack of rain we have had over the past few weeks.

Well, it will be raining here on Sunday.  And it will be welcome.  All good things come to those who wait.

Winter is coming.

Have a pleasant weekend.