20 August 2012

Gold Daily and Silver Weekly Charts - Nice Little Rally In Silver



Gold and silver had a little rally today with silver leading the way.

The breakout point is obvious.

Gold has already banged its head five times on this resistance where it stands today.





SP 500 and NDX Daily Charts - 'No Fear' Levitation on Fed Put Perceptions



The market has the perception that the powers that be will not allow the markets to falter ahead of the fall elections.

If that perception fails, look out below.



Bill Black On Wall Street Control Frauds and Moral Hazard



Lack of Justice Department and regulatory prosecutions for Wall Street fraud creates incentives for more control frauds and climate of lawlessness.