29 September 2014

Gold Daily and Silver Weekly Charts - Non Farm Payrolls On Friday, End of Month Tomorrow

"Heroes. Victims. Gods and human beings.
All throwing shapes, every one of them
Convinced he's in the right, all of them glad
To repeat themselves and their every last mistake,
No matter what."

Seamus Heaney, The Cure At Troy

Today was the first position day for the October metals contracts.  First delivery will begin on Wednesday, 1 October.

China will go on a one week national holiday for 'Golden Week' on 1 October as well.

There was nothing of particular interest in the delivery reports on the Comex for Friday, and some minor movements of bullion out of their warehouses and registered categories.

We are in an endgame.  We do not know how long it will last.  But the East is buying bullion with paper money at a fairly stiff pace.   And since the financiers have not yet figured out how to create real precious metals, just fakes and frauds of them, there will be an end to it.

The malefactors may not go quietly.  They have blood on their hands, and they will carry this mark with them, forever.  They may never be discovered or held to account in this world, if that is what God wills.  They may even continue to strut about and offer their opinions and prescriptions to their victims unashamedly.  But there will be an end to it, and a final reckoning.  To think otherwise is the opium of the powerful.  They never see it coming.

The Recovery is a charade.   The reason for this is quite simple, and it can be seen in one chart here. 

It should be no surprise that the pig men are getting carried away There does not appear to be anyone to save them from themselves this time, to raise a flag and turn them at the edge of the abyss.  Who could stop, when it feels so good to be winning.

Have a pleasant evening.