Gold Daily And Silver Weekly Charts - March Silver Comes In like a Lion

Today was the usual dull day of market focused on their own navels, surrounded by the flies of the HFT bots.

Silver was the bigger story with the first report from the March contract, with an impressive claim of over six million ounces of silver being claimed on the Comex.

The Comex silver sees plenty of warehouse action, since CNT is using it as a delivery vehicle into their contracts with the US mint.

Otherwise the Comex has all the appearances of a bucket shop for gold.

 

The economic calendar for next week is below, and as you can see, we have another Non-Farm Payrolls report on Friday.  Since they have revised the jobs numbers back to whenever already, it will be interesting to see what kind of a number they can scrape up for February. 

 

Stormy weather.

Gold is moving from West to East.

If you don't agree, or don't understand this, that's ok.

You will.

 

Live long and prosper.

Have a pleasant weekend.

 

 

 

 

 

SP 500 and NDX Futures Daily Charts - Toppy

 

Stocks were floundering around most of the day on a weak GDP revision this morning, and a shockingly low Chicago PMI which *could* be an effect, at least in part, of the weather.

Stocks are looking a bit lofty here, and volumes are thin.

But here comes March, and another month in which the wolves can thin the saving herd, as thin as they may have become.

The cash Nasdaq continues to creep higher towards the magic 5,000 handle.

The last time we saw that was in March, 2000.  And you remember how things went from there.

Have a pleasant weekend.

 

Gold Daily And Silver Weekly Charts - Where Your Treasure Is, There Your Heart Will Be

 

The economic news was a mixed bag this morning, but given that the volumes were light, the technical trade prevailed.

Forget Greece, forget the Ukraine, and forget the joblessness and misery of many.

Forget short circuited reform, and misplaced policies, failed regulation, and rigged markets.

The Big Tickle today was Nasdaq 5000.  This is the imperative of bubble-nomics.

 

The Fed is not independent.  It tolerates the Congress, but it is owned by the Banks.  And the point of the spear is the NY Fed which is wholly a child of Wall Street.

 

The Dow Industrials and the SP 500 were negative most of the day and went out in the red, but the Nasdaq was clicking away bright green, pushing hard uphill for the Nasdaq 5000 headline, the better to lure you in and eat you with, my dears.

Gold and silver did the usual overnight rally with a smackdown by London and New York.

There are quite a few odd things going on. I don't know if you get the sense of it, but things just don't add up.

The average person who just scans the headines each day might not catch it, but do you follow the actual facts of things closely enough to get the feeling that not all is right, that not everything you are being told is 'square' and on the level?

I certainly do, but maybe that's just me, and I could be wrong.  But things seem to be backwards.

GDP revision tomorrow.

Have a pleasant evening.