17 March 2015

Gold Daily and Silver Weekly Charts - Death of Exceptionalism - Rosebud

The economic news came in weak this morning.
If there was some link between the Federal Reserve and the real economy they would probably not do anything for the rest of the year.
But, policy being bank-centric, they will likely do a little jaw-boning tomorrow, and make a symbolic effort at raising rates sometime this year.
Stocks moved sideways and the dollar took off some of its recent gains.

Gold and silver were bought as physical overnight, and sold as paper during the day in New York and London.

FOMC tomorrow.
'Patient' is the new 'rosebud,' and exceptionalism is the mark of Kane. 

Have a pleasant evening.