12 November 2012

Gold Daily and Silver Weekly Charts - Zzzzzzz


The US bond market was closed today, and the stock markets posted their lowest volume of the year as the banks were closed for Veteran's Day, once upon a time known as Armistice Day.

There is quite a bit of noise about the 'fiscal cliff' and much of it is grossly overdone. But that is how one can make the people more malleable when it comes time to accept 'the grand bargain.'

Nothing of consequence occurred in the metals market, so why bother with comments?

It was nice outside, a good day for clearing fallen trees and rebuilding broken steps and mending fallen fences. The market will be open tomorrow.

Have a pleasant evening.




SP 500 and NDX Futures Daily Charts - Holiday Snoozer


Today was THE lowest volume full trading day of the year. The bond markets and the banks were closed for Veteran's Day.

Nothing of consequence happened. It was a good day to remember those who have gone before us, and paid for our freedom with their sacrifices.




Bill Black: Grand Bargain and Great Betrayal