03 November 2011

Gold Daily and Silver Weekly Charts - A Pervasive Sense of Disestablishment



"Terror... often arises from a pervasive sense of disestablishment: that things are in the unmaking."

Stephen King

Big up day for the metals.

I do not care for their synchronicity with stocks. So many assets are now correlated to a global reflationary event, and the markets are overly sensitive to headlines. That makes these markets highly dangerous.

What is happening with MF Global and the US futures markets is a disgrace. But hypocrisy and betrayal are the temper of the times.

"By the pricking of my thumbs,
Something wicked this way comes."

William Shakespeare, Macbeth