13 November 2017

Stocks and Precious Metals Charts - The Great Complacency

"In keeping silent about evil, in burying it so deep within us that no sign of it appears on the surface, we are implanting it, and it will rise up a thousand fold in the future.   When we neither punish nor reproach evildoers, we are not simply protecting their trivial old age, we are thereby ripping the foundations of justice from beneath new generations.”

Aleksandr Solzhenitsyn, The Gulag Archipelago

Stocks were largely unchanged today, as the lack of news left investors spinning around last week's levels, trying to squeeze a little coin out of the markets.

Gold and silver managed to make a little headroom, although they are still lower after the big 'Dr. Evil' smackdown last week in which a large volume of metal was dumped at market with the design of cracking the price lower and 'running the stops.'

We will be getting quite a bit of economic data this week. I have included the economic calendar below. PPI and CPI should give us a look at the inflation that the Fed is pushing against by raising rates, or not.

And all eyes are on Washington while Duc l'Orange is wowing them in Asia. The Senate and House have both crafted versions of the 'Tax Reform' legislation that the corporate world awaits with bated breath.

Have a pleasant evening.