Gold Daily and Silver Weekly Charts

Gold and silver marked time today.

Next week will be short and quiet, unless *something happens.*

 

The economic calendar has a few things on it.  It is included below.

 

Russia added 600,000 ounces of bullion to its gold reserves in November.

 

The major preoccupation of the mainstream media this holiday season is the ability of Americans to watch an asinine movie, in incredibly poor taste, about the government sanctioned murder of the actual head of state of another sovereign nation, just for laughs.   

 

Well, it provides a distraction from reality.   And besides, we called no hackbacks.

 

Have a pleasant weekend.

 

 

SP 500 and NDX Futures Daily Charts - Ho Ho Ho

As expected.

Have a pleasant weekend.

 

 

Reprise: Kyle Bass On Holding Gold In a Bullion Bank Comex Warehouse

'It's actually an easy decision if you are a fiduciary.'

Especially if you take the duties of a fiduciary for other people's assets seriously.

What about the fiduciary responsibilities of central banks?  Hard to say, right?

We'll get right on that-- in about seven years.  Jawohl!   And no need for an audit.  We believe.

And as for private citizens, when and if the time comes when there is a 'run on the bullion banks', I would not be surprised to see forced cash settlements, and 'bail ins' with even allocated receipts being taken.

Does this seem unlikely, improbable?

MF Global.