Gold Daily and Silver Weekly Charts

There is some serious coiling going on in these markets, and sentiment seems very discouraged.

As it stands now, I find the gold chart to be exceptionally interesting.  I think we might see something for the technical analysis books developing here.

Here is what Louise Yamada has to say about gold and silver.

SP 500 and NDX Futures Daily Charts

There was quite a push to get the SP futures to finish flat to green, with another significance divergence as big tech lagged.

Earnings guidance is trending negative, with tech the worst and banks the best.

This is indicative of the policy error of the Fed and the Treasury which addresses the big banks and the management of perceptions in certain key market pricing, while neglecting the growth of the real economy.

This is how the financial engineers create zombie economies. 

Net Asset Value Premiums Of Certain Precious Metal Trusts and Funds

I compare the Net Asset Value Premium table of today to that of Monday, with a snapshot of them taken at a time when the spot prices of both gold and silver are almost identical.

I just thought the thinness of the premiums was interesting.

There is a lot of discouragement in the metals out there.

Wednesday 6 February

Monday 4 February