19 May 2011

Chart That Should Accompany Every Discussion of the US Deficit



The Chart That Should Accompany Every Discussion of Deficits - The Atlantic

Obama shares a significant portion of the blame, contrary to what the Atlantic may be implying. But the sources of the financial collapse and deficits are identifiable, but little discussed by the corporate media.

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained recovery.



Gold Daily and Silver Weekly Charts - Le US Douleur Wallows







SP 500 and NDX Futures Daily Charts


No breakouts, stocks remain in a short term downtrend.

LinkedIn IPO came into the market today, and it was bubblicious.

GAP slashed its outlook after the bell on rising costs.

Dominique Strauss-Kahn was granted bail, with a form of house arrest while he awaits trial.



18 May 2011

Gold Daily and Silver Weekly Charts



So far the support levels are holding well.

Let's see how the rest of the week goes. Overhead resistance is key here.