05 May 2016

Gold Daily and Silver Weekly Charts - A Delivery in Gold - Payrolls Tomorrow

"So the rich man said, ‘Then I beg you, father Abraham, send Lazarus to my five brothers to warn them of the perils of this place of torment.’ But Abraham said, ‘They have had the words of Moses and the prophets.’

Then the rich man said, ‘No, father Abraham, but if someone from the dead comes before them, then they will repent.’ And Abraham replied, ‘If they will not listen to Moses and the prophets, then they will not be convinced enough to change even if someone rises from the dead and warns them.’”

A large 'customer' at SG Americas coughed up a decent sized position in gold yesterday on the Comex, and the house accounts at JPM and Nova Scotia snarfed it right up.

This is notable only because May is such a 'nothing' contract month for gold.

The global recovery peaked in 2013, such as it was, and has been in a gradual but steady decline ever since.

Never have so many unnecessarily suffered so much for such an undeserving few.  There are no real shortages or lack of provisions and comfort, excepting for an overwhelming, insatiable greed that possesses those who would be as gods.

Non-farm payrolls tomorrow.

Have a pleasant evening.