24 November 2017

Stocks and Precious Metals Charts - Precious Metals Option Expiry Next Week - Nocturne

"And can the liberties of a nation be thought secure when we have removed their only firm basis, a conviction in the minds of the people that these liberties are the gift of God? That they are not to be violated but with his wrath?   Indeed I tremble for my country when I reflect that God is just: that his justice cannot sleep for ever."

Thomas Jefferson, Notes on the State of Virginia

"We all want progress.  But progress means getting nearer to the place where you want to be.  And if you have taken a wrong turning, then to go forward does not get you any nearer.  If you are on the wrong road, progress means doing an about-turn and walking back to the right road; and in that case the man who turns back soonest is the most progressive man.”

C.S. Lewis, Mere Christianity

And this is why the mainstream Democrats are largely unsuccessful, and functionally useless. They only wish to continue, with an excess of verbal misdirection, the abysmally ineffective and often downright damaging fiscal policies that have been taking the Western World in the wrong direction since the 1980s.

There will be a Dec Futures option expiration on the Comex for the precious metals on Monday 27 November. December is a significant month for both metals.

The US Dollar has declined significantly, without a corresponding increase in gold and silver priced in dollars as much as we might have expected.  This indicates a level of tension in the markets.

Stocks drifted higher for the half day today on very light volumes.

I have included the economic calendar for next week which is a bit lively.

On a scale of 1 to 10, with 10 being effective representatives and champions of the people, the Congressional Democrats are a 3, maybe, and the House Republicans are venal bottom feeders of the moneyed interests and corporatism.

Have a pleasant weekend.