01 July 2016

Gold Daily and Silver Weekly Charts - That Was The Week That Was

"The woods decay, the woods decay and fall,
The vapours weep their burthen to the ground,
Man comes and tills the field and lies beneath,
And after many a summer dies the swan."

Alfred Lord Tennyson, Tithonus

And unwilling to take a back seat in July, we saw a big 3,000 contracts of July gold stopped on the Comex yesterday as noted on the report below.  As seems to be the case these days, the gold contracts came out of the HSBC house account, and were taken up by the usual suspects.

There was intraday commentary regarding some chart projections of silver to $54 per ounce.

This will be a three day holiday weekend in the States.  Please try to carry on.

And below is a brief video of the theme song of an old television show that I watched regularly in its day, quite precocious taste for a ten year old now it seems. But then again, there were only three black and white television stations then, so even contemporary British humour could find an audience.  And like so many other British hits, in the manner of Snakes and Ladders as Chutes and Ladders, it did spawn a tamed down American version as I recall.

And of course there were always those first late night stalwarts of early television, the Tonight Show with Jack Paar, Your Show of Shows with Sid Caesar, Ernie Kovacs, and The Steve Allen Show.  Hi ho, Steverino.

Old age is like being a time traveler, but in slow motion.  And all that is happening now is starting to feel like Summer reruns from the 1930s.

And so, ladies and gentlemen,  as the Irish story teller David Allen used to say, "Good night, thank you, and may your God go with you."

Have a pleasant weekend.