SP 500 and NDX Futures Daily Charts - The Fog of Currency War

Stocks tried to shake off the poor economic news this morning *again* as there are more signs that the recovery is sluggish to floundering.

There was news during the day that the Ukraine had attacked and partially destroyed a Russian armoured convoy. This sent stocks plunging for a brief period of time and put some jets under the VIX.

Back to near unchanged near the close with big techs leading the way.

We are now in the fog of currency war. I smell desperate antics from the Banks.

Have a pleasant weekend.

NAV Premiums of Certain Precious Metal Trusts and Funds - Psy Ops

There were some minor adjustments to both of the Sprott Funds.

Ukraine situation is getting quite a bit warmer.  The propaganda is flowing from both sides.  It is hard to get a straight story from anyone including the mainstream domestic US media.

I have exited all non-bullion etf/fund/royalty stock positions, and am thinking of making a bet to the short side of a broad index of stocks if we see certain events next week.

The sell off today seemed to surge around the European close as traders squared up for the weekend.  The States are going to try and take them back up to maintain 'confidence levels.'

That quick hit on the metals was a bit obvious.

The Western Banks and Friends seem to be itching for a war or a domestic event to distract peoples' attention from their monetary antics and mismanagement.

Tales of William Wallace: Alba Gu Bràth

Many years ago I visited Westminster Abbey, and among other things in a crowded gallery saw the Stane o Scuin sitting somewhat neglected and unremarked by a chair.

I asked about it, and did some reading, and learned its story.  It had been used in the crowning of the monarchs of Scotland.    It had been taken from the Scots in 1296 as a spoil of war, and a symbol that Scotland now belonged to England.  It was subsequently used during coronation ceremonies of the English monarchs, as a symbol of their rule over the British Empire.

Since that time it was  returned to its home in Edinburgh Castle. 

I afterwards visited Scotland several times, mostly around Edinburgh, seeing many things from the Royal Mile to Adam Smith's grave.  I made it only once to Glasgow on the western coast, and points south down to Turnberry. 

I found the country and the people to be wonderful.  There are few better breakfasts served in my opinion than a real Scottish breakfast.   And then there is the Scots whiskey museum.

I have always hoped to live one day so see the re-emergence of a free and independent Scotland.