SP 500 and NDX Futures Daily Charts - Neither Snow, Nor Rain, Nor Lousy Economics Reports

The US markets will be closed on Monday for a national holiday.

Please try to carry on without their imperial oversight.

Have a pleasant weekend.

Gold Daily and Silver Weekly Charts - Defeated When We See Them Running

There was intraday commentary on the precious metals here. You may wish to read it if you have not.

Gold is starting to threaten its 200 Day Moving Average.  A technical chart is included below. It is also starting to approach a short term overbought condition.  It is not clear yet how relevant that might be given some of the strong supply and demand issues at play at these price levels.

When will the manipulation of the precious metals end? The market manipulation will be defeated when we see the manipulators running for their lives, most likely ahead of a memorable break in the gold and silver markets. Try not to be caught within the blast radius of their downfall, which will be more contemptible than tragic.  The only tragedy is the damage done to the innocents by the needless greed of power and pride.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Carnival of Beasts With No Hope

"He who makes a beast of himself gets rid of the pain of being human."

Samuel Johnson


"Victory is a fleeting thing in the gambling business. Today's winners are tomorrow's blinking toads, dumb beasts with no hope."

Hunter S. Thompson

The economic news this morning was not good, with unemployment claims high and retail sales off.

But corporations are doing well, and the Time-Warner deal, which ought to face some serious anti-trust scrutiny, buoyed the bubble dreams of the one percent.

Snow day here. Have a pleasant evening.