Charts For a Warmer Wednesday - Pillar of the Cloud

"And the Lord went before them by day as a pillar of cloud to lead them on the way, and by night a pillar of fire to give light in the gloom."

Exodus 13:21

Stocks were a bit jumpy this morning as The Donald, aka Cheeto in Chief, spoke at his first press conference in about six months.

Hard to believe, but these jokers in the press, sometimes going by the name of journalists, actually make the guy look better than he probably is. They are just terrible, and go for the low road like ducks to water.

Glenn Greenwald said exactly what I have been thinking, that the 'deep state' is making its displeasure known to Mr. Trump for spoiling their plans for a New American Century.

Did not vote for the guy, but it seems like every day I become even more content that Hillary is not in the White House.

I would not be shorting this stock market, yet. But sometime around or after the inauguration most likely something will happen to burst this bubble of happiness and self-delusion, and we might get a 10+% correction.

Gold is still struggling to move higher along with silver. The Comex is a joke when it comes to gold, and nothing much ever really happens there. Silver still stays busy with ins and outs of the warehouses, since this is how some wholesalers manage their working inventory for silver's domestic uses.

Have a pleasant evening.

Charts For a Quiet Tuesday - US Government's Key Role In India's Crash Cash Suppression Fiasco

"The business interests of the US-companies that dominate the global IT business and payment systems are an important reason for the zeal of the US-government in its push to reduce cash use worldwide, but it is not the only one and might not be the most important one.

Another motive is surveillance power that goes with increased use of digital payment. US-intelligence organizations and IT-companies together can survey all international payments done through banks and can monitor most of the general stream of digital data. Financial data tends to be the most important and valuable.

Even more importantly, the status of the dollar as the worlds currency of reference and the dominance of US companies in international finance provide the US government with tremendous power over all participants in the formal non-cash financial system. It can make everybody conform to American law rather than to their local or international rules."

Norbert Haering, A Well Kept Open Secret


"...and where they make a desert, they call it peace."

Tacitus

I hear that the speculation which I had about the US government's involvement in India's  heavy handed program of cash suppression may in fact be true.

Thanks to Harald Malmgren et al. for passing along this blog which was originally published in German.

I certainly concur with the various motives ascribed to the India crash cash suppression campaign.  The rentiers want everyone hooked on their digital dollars:  one ring to rule them all.  And to them, the public at large is just collateral damage, and their national interests are at best irrelevant, and most likely a genuine impediment to the broader 'globalisation' of the system ruled by the Anglo-American Banks.

But with regards to the big rush and the timing of this, I suspect that the Anglo-Americans are desperate to staunch the flows of physical gold and silver into Asia.  Crushing the cash economy and driving the people of India into a digitalized banking system might have done the trick, in some alternate universe.  If this is all true, talk about crazy desperate ideas from the bowels of the credibility trap.

Stocks were lackluster, with tech stocks once again playing their role as financial crisis bubble-born revenant.

Gold is struggling to take back the ground that it gave up into the year end, while silver continues pushing higher, trying to regain the 17 handle.

Let's see if the metals can break out.

As for stocks, it might not be bad to keep 'buy the election and sell the inauguration' in mind.

The Dems wish to de-legitimize the Trump presidency, and would like to set him up for a fall, and a possible impeachment. In that sense, they are certainly no better than the GOP, which would have followed a similar strategy it seems. Both parties are more like rival crime families than public servants.

Thanks to William Banzai (I am not worthy) and Zerohedge for reminding us all of one of Stanley Kubrick's classics, probably worth watching again as the ghosts of unscrupulous politicians past slither once again in new forms along the halls of power.

On the good news bad news front, President Obama will be giving his 'farewell address' tonight in Chicago.   The bad news is that hope and change has left the building, and the worse news is that it actually happened sometime around 2008, when Mr. Obama sold out the American people to the Banks.

I would not exactly call myself 'hopeful' about the next four years.  But they could be very good for things like gold and silver.   If the world can escape from the neo-cons' dreams for a New American Century, and the proposed tyranny of the United States Dollar.  Six to the six to the six-wise.  lol.

Have a pleasant evening.

Charts for Stocks and Metals - Three Kings

Interesting divergence in stocks today as the tech sector led the way to new highs there, but the SP 500 was lower on the day, and the Dow Industrials, industrial in name only these days, once again not only failed to close above that 20,000 level, but actually gave up some additional ground.

This is bubble action.  Whether it is late stage or not remains to be seen, but I keep thinking that the Wall Street wiseguys are just executing the same gameplan they would have followed regardless of who won the election, with perhaps some variation on the sectors they pushed.

So, in other words, can we expect them to 'buy the election, and sell the inauguration?'

That would be an appropriately cynical outcome for very cynical times.

Gold and silver managed to inch higher after the December drubbing they took into deeply oversold territory.

I suspect that was an 'end of year' thing.

The Comex warehouses and deliveries were the usual snooze.  The real metals action is taking place in points East.

Yesterday marked the end of the Christmas season with the feast of the Magi, or the Three Kings.

But hopefully the Christmas spirit will live in our hearts throughout the year.

Have a pleasant evening.