13 October 2011

Gold Daily and Silver Weekly Charts



Capping the metals all day, but they could not make it stick.








SP 500 and NDX Futures Daily Charts - JPM Posts Weak Results, Boosted by Trading and Accounting



While the SP and broad indices slumped today on JPM's weak numbers, which pulled down the financials, the NDX never really gave it up all day, no doubt in anticipation of Google's numbers which were released after the bell.

Who needs money when you have Google Plus and ad clicks?




Jamie Dimon speaks to Blythe and her traders to rally the troops after posting lackluster third quarter results, ex-accounting gimmicks.

Blythe:   Don't worry, no one is getting screwed.

Jamie: Whatever. We own this town. Let's party!



(Our little girl has been going around singing this all week.
She makes me perform a duet of the refrain. I am the 'la la la' guy.
And she does a dramatic delivery of 'oh well' and 'whatever.'
She makes up most of the lyrics besides that.
It's the little things that make life worth living.)


12 October 2011

What Is the Message From #OccupyWallStreet?



The next time someone asks that question, send them a link to this.



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

Gold Daily And Silver Weekly Charts - La Douleur du Monde



It was 'risk on' as money came out of the dollar and went back into equities and the metals.

The Fed begins its Operation Twist bond purchases tomorrow or so I hear.

Its all about Europe sovereign debt at the moment.

Gold is running on the inflation rails now and not on the risk adversity safe haven trade. That may change but for now it is what it is.