Gold Daily and Silver Weekly Chart - Staggering Into the End of Quarter

I think we are nearing the end of this exercise in bullion inventory adjustment and price driving selling patterns that started in October.

While this most likely had its impetus in the official, in practical implementation it smells like Wall Street asset stripping to me.

That is another term for a stealth confiscation through price manipulation.

But why speculate. Let's see what happens.

Gold is still flowing from West to East.   There is no doubt about that.  

I just wonder how many of the Banks and their friends have used this policy opportunity to wet their beaks, and feather their own nests for the future.

Am I being too cynical?  Are you serious?  What market haven't they rigged lately?

SP 500 and NDX Futures Daily Charts

Stocks put in a rally today despite a sharply lower adjustment to 1Q GDP to 1.8% from 2.4%.

That is twenty five percent lower!

The Fed will not be ending QE anytime soon.

They may call it something else. They may change what they are buying and how they are buying it.

But the Fed is going to remain 'accommodative' for the time being.

The problem they face is that their money creation is going right into the banking system where it is being channeled into financial assets. They may seek to change that. Without serious cooperation from the dysfunctional Congress and the crony captured White House, it is hard to see how they can.

The Tax Free Tour

"All animals are equal, but some animals are more equal than others."

George Orwell



h/t Stacy Herbert