A more general discussion of Stalin, Lenin and Trotsky by biographer Robert Service
07 July 2012
06 July 2012
Gold Daily and Silver Weekly Charts - Moral Hazard - With Liberty and Justice For Some
"These executives knew that they could take these huge risks and even break laws and pay no real price, and that’s what happened. It’s not just a travesty of justice that we haven’t punished them for past transgressions. The real danger is that we’re continuing to send the signal to the world’s most powerful financial actors that they don’t have any fear of criminal accountability when they commit these obvious crimes."
Glenn Greenwald
These are thinly traded markets in this holiday shortened week, and following on the end of quarter, the funds and trading desks were having their way with it.
Jobs Report came in light, which is no surprise, since the number one American export these days is fraudulent financial paper.
Long bullion, short stocks.
Silver just cannot seem to sustain a rally. Gold is struggling to break the downtrend as well.
See you Sunday evening.
SP 500 and NDX Futures Daily Charts
Weaker than expected Jobs Report for June had stocks in retreat after the end of quarter run up of the last week, and a false euphoria over a European solution.
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