17 August 2012

Gold Daily and Silver Weekly Charts - Cap and Coil



Stocks are on a non-stop rally on light volumes towards a new bull high, and Benny has not even flapped his jawbone.

And we are supposed to take this seriously?



SP 500 and NDX Futures Daily Charts



Confidence up, and Leading Indicators strong.

Now if only the economy would not be so bad.

Beyond boring day.




16 August 2012

Chris Hedges: Empire of Illusion and the Cult of Spectacle and the Self



Here is a recent talk by Chris Hedges at the Cambridge Forum.

The video starts after two introductions and a brief expository by Hedges about the tragic life of Michael Jackson, which he sees as emblematic of the cult of celebrity and the exploitative tendencies of the reality show tv culture.



Gold Daily and Silver Weekly Charts - Ben Bernanke, With A Printing Press, On the Comex



Question: Who destroyed the public's confidence in the markets and the monetary system?

Answer:  Ben Bernanke, With a Printing Press, On the Financial and Commodity Exchanges.

And his motive was never really to save the real economy, but to reward the one percent and save the Banks.