Gold Daily and Silver Weekly Charts - Respect

"Most of them became wealthy by being well connected and crooked. And they are creating a society in which they can commit hugely damaging economic crimes with impunity, and in which only children of the wealthy have the opportunity to become successful. That’s what I have a problem with. And I think most people agree with me."

Charles Ferguson, Predator Nation


“They were careless people, Tom and Daisy—they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made.”

F. Scott Fitzgerald, The Great Gatsby


"The wealth of another region excites their greed; and if it is weak, their lust for power as well. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich.

Robbery, rape, and slaughter they falsely call empire; and where they make a desert, they call it peace."

Tacitus, Agricola

Gold and silver were marking time today ahead of the Non-Farm Payrolls Report tomorrow.

It is remarkable, and surprising if you did not know how they think, how little the politicos and the professional class of the Anglo-American elite understand their own cultures and people, especially outside of the NY-Washington metroplex.

Not to mention their abysmal ignorance of and carelessness with the rest of the world when it gets in the way of their selfish desires.

People want respect. And they are not getting it.

You cannot keep giving people no choice, and expect them to keep taking it with a downcast eye and a smile.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Rangebound Until Non-Farm Payrolls

The markets got what they expected from the Bank of England this morning,  with a 25 basis point cut, and an expansion of QE to include corporate debt.

If the financial system was not corrupt and broken this might mean something.  Alas, it is not, so it does not, except for more of the same kind of corporate debt expansion to buy back stocks, boost payouts to the one percent, and build monopolies.

So stocks continued to wind around within a relatively narrow range that has held good for the past 19 trading days.

Tomorrow we get the US Non-Farm Payrolls. An outlier either way *could* shake things up a bit.

Let's see what happens.

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - Hang On

These markets are certainly seeming to be winding up for a move.

That goes for most markets, and not just the precious metals.

This week we have an eye on the Non-Farm Payrolls Report, but also on the policy announcement from the Bank of England.

Let's see what happens.

Gold deliveries keep moving along, but the activity in the warehouses is sleepy.

Have a pleasant evening.