SP 500 and NDX Futures Daily Charts - Non-Farm Payrolls on Friday

As a reminder this is a holiday shortened week in the States, with the 4 July holiday on Thursday.

Volumes will be increasingly light after tomorrow afternoon.

Canada was closed for their own celebration today. Happy Canada Day to all my many friends in that wonderful and decent country.

Surrender at Yorktown: 'The World Turned Upside Down'

“You cannot conquer an idea with an army.”

Thomas Paine


"There is nothing so powerful as an idea whose time has come."

Victor Hugo

For all the disappointing deeds of the last Presidency, and there were too many, was their anything more unworthy than the deliberate vilification of their friends and allies of long standing for daring to tell the truth that they did not wish to hear?

Nous sommes désolés.

NAV Premiums of Certain Precious Metal Trusts and Funds - Weighed, and Found Wanting

Premiums remain thin and oriented towards access to physical metal in the Sprott funds.

We may get yet another 'gut check' if the specs pile on the bounce.   That is how these bluffs run.

But I get the sense that the tide is turning, in many things and matters.

The physical side, the reality of this trade, is starting to assert its power in ways that are hard to resist or ignore.  It may not seem like it because it happens gradually, but it is happening.

These naked short sellers are bully boys and charlatans.  They don't have the goods. They don't have the stuff.  They are in control only while you play their game in their way.  They have been weighed and are found wanting.  They have sown the wind, and will reap the whirlwind.  They have sold what they do not own.  And they are fearful at being called to account on it, as well they should be.

Stand and deliver.