01 September 2011

Gold Daily and Silver Weekly Charts



"The terrible, cold, cruel part is Wall Street. Rivers of gold flow there from all over the earth, and death comes with it. There, as nowhere else, you feel a total absence of the spirit: herds of men who cannot count past three, herds more who cannot get past six, scorn for pure science and demoniacal respect for the present.

And the terrible thing is that the crowd that fills the Street believes that the world will always be the same, and that it is their duty to keep that huge machine running, day and night, forever."

Federico Garcia Lorca


"There have been tyrannical gods, and there is the God who makes us free. Tyrant gods, nowadays, do not, as a rule, assume the names of gods. They prefer pseudonyms. But their tyranny remains the same."

Henri de Lubac


"And I looked, and behold, a pale horse, and the name of him that sat on it was Death, and Hell followed with it."

Rev 6:8

Gold and silver have been resilient in the face of the traditional bear raids ahead of the Non-Farm Payrolls number.

Perhaps they are saving their ammunition for Obama economic announcement next week.

The NFP number tomorrow might provoke a counter-intuitive reaction.