19 November 2020

Stocks and Precious Metals Charts - Scams and Shenanigans


"The government is the potent omnipresent teacher.  For good or ill it teaches the whole people by its example.  Crime is contagious.  If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy." 

Louis D. Brandeis 


“Hate obscures all distinctions.” 

C. S. Lewis 


“The greatest hazard of all, losing one’s self, can occur very quietly in the world, as if it were nothing at all. No other loss can occur so quietly; any other loss - an arm, a leg, five dollars, a wife, etc. - is sure to be noticed.” 

Søren Kierkegaard, The Sickness Unto Death


Stocks were slumping today on the bleaker news about the Covid, but managed to turn it around and finish higher into the close.  

Gold and silver dipped once again, and seemed to find a footing along an established point of support on the charts. 

Look at the chart and see what happened around the last big expiration. 

Let's see how well the miners and metals make it through the option expiration tomorrow, and the Comex metals option expiration next week. 

A little physical gold managed to flow into the Hong Kong warehouses, taking the inventories up from abysmal to merely inadequate. 

Have a pleasant evening.