03 July 2019

Stocks and Precious Metal Charts - Wild, Wild Life


“Some madness doesn't act mad to begin with, sometimes it will knock politely at the door, and when you let it in, it'll simply sit in the corner without a fuss — and grow.”

Nathan Filer


"And this is the judgement, that the light has come into the world, and people love the darkness rather than light, because their deeds are evil."

John 3:19


"The ultimate purpose of crime is to establish an endless empire.  It seeks a state of complete insecurity and anarchy, founded upon the tainted ideals of a world thought doomed to annihilation.

When humanity, subjugated by the terror of crime, has been driven mad by fear and horror, and when chaos has become the supreme law, then the time for the empire of lawlessness will have come."

Friedrich Rudolf Klein-Rogge, Das Testament des Dr. Mabuse


"At that time many will turn away from the faith, and will betray and hate each other.  And false prophets will appear, and deceive many.  And because of the increase in wickedness, the love of most will grow cold.  But those who stand firm to the end will be saved. And the gospel of the kingdom will be preached throughout the whole world, as a testimony to all nations.  And then the end will come."

Matthew 24:10-14

The overnight action in the Globex gold market was wild once again, to say the least.

After the close gold started rising again, after an amazing rally from the smackdown the day before.

At one point gold was threatening to break through the 1440 level. Silver was following.

But today it managed to finished unchanged, around the 1417 mark.

This is the second night in which we have seen these violent swings in a commodity that has been held in check for a few years now.

Things are not what they seem.

Stocks managed to close out on highs in a holiday shortened trading session.

The US markets will be closed tomorrow in observance of the 4th of July.

The rest of the world will have to carry on without the guidance of Wall Street.

See you on Friday.

Have a pleasant evening.