12 January 2011

SP 500 and NDX March Futures Daily Charts


No fear.

The Bernanke put, and the regulatory pass, an echo of 2005-2006.

But can they keep it going?

The volumes in this rally are thin and prices are being set on a margin backed by increasing leverage and credit. This is not a great prescription for market stability.




Gold Daily and Silver Weekly Charts


Different day same script. Early paper selling in NY is bought by steady hands and physical bullion buyers.

I think it is going to take a serious stock market selloff to stop silver's upward momentum.



11 January 2011

SP 500 and NDX Daily Charts



INTC reports on Thursday and JP Morgan on Friday before the bell.