15 October 2011

Weekend - Down Home


"So, you can laugh at or disparage the demonstrators all you want. You can call them spoiled, silly or sophomoric. You can single out the fringe and think it’s representative of the whole. But that won’t change the fact that this demonstration has touched a nerve. A rag-tag group is standing up where the government, regulators, media and business elites have rolled-over and played dead. They are shining a light on the financial cancer at the heart of America."

Jim Rickards, Occupy Wall Street

Here's something for my families in Johnson City, TN and Hot Springs, AR and all you'uns down home there abouts. And here's to the boys a Jerry's Country Playhouse in KCMO, long gone I am sure.

P.S. I neglected to mention the folks over the border in the hidden gem of the North Carolina highlands, and the PA contingents in Lancaster and Newcastle.



















14 October 2011

Gold Daily and Silver Weekly Charts - La Douleur du Monde




Stephen Leeb: Gold, China's Long Game, Currency and Resource Wars (audio)






SP 500 and NDX Futures Daily Charts



"Tricks and treachery are the practice of fools, that don't have brains enough to be honest."

Benjamin Franklin

This is about as far as it goes before breaking out, and the volumes had better pick up because they are too thin to sustain a new bull leg just yet.

The G20 are meeting over the weekend and expectations for a comprehensive solution to the European debt crisis are high.

More of the Financials report their earnings next week. They could be disappointing.

I see a higher risk here for a surprise to the downside, but absent that the liquidity can take it higher first.

I will be surprised if the G20 meets expectations for a general resolution to the debt crisis.



13 October 2011

Gold Daily and Silver Weekly Charts



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