23 September 2016

Gold Daily and Silver Weekly Charts - No One Left To Blame

"Und das große Feuer in Soho
sieben Kinder und ein Greis -
in der Menge Mackie Messer, den
man nicht fragt und der nichts weiss.

Und die minderjährige Witwe
deren Namen jeder weiss
wachte auf und war geschändet -
Mackie, welches war dein Preis?"

Berthold Brecht, Die Moritat von Mackie Messer, 1928

“It is my position that the fundamental problem with American media isn’t that it’s too conservative or too liberal, but that it’s directly connected to elite opinion and reflects those interests and concerns.”

Michael Arria, Medium Blue

Gold and silver ended the day largely unchanged, digesting the rally that followed the FOMC announcement on Wednesday.

Gold and silver both look to be coiling for a move.  They may go lower again to touch that support line, and if they do the point at which they find support may be revealing.

Or not.  We may finally get the long anticipated breakout higher.

The elite are running out of excuses, and others to blame.  That does not mean they will cease their efforts to excuse themselves and shift the responsibility for their mistakes to others.

They may just double down, as they have been doing off and on since before the turn of this century.

What does it profit a man, if he gains the whole world, but loses himself?

In the end, that is the only real tragedy.

Have a very pleasant weekend.