Gold Daily and Silver Weekly Charts - Sleepy August, But Here Come the Winds of September

Tomorrow marks the end of sleepy August, one of the lightest trading months in recent memory.

Benny speaks at Jackson Hole, but he is unlikely to say anything new.

The real action starts in September and October, as the US election intensifies along with the European crisis and several key events and decisions. I suspect next year will be most interesting.

The average person is lulled to sleep. When they wake up into the end of the year, they might not like what they see, and the position which they are in.

SP 500 and NDX Futures Daily Charts - An End to Sleepy August

Tomorrow is the end of the month, and so we say goodby to sleepy August and its lackluster trade.

Benny speaks at Jackson Hole tomorrow. I doubt he announces anything new, but he may flap his jaw a bit ahead of the three day holiday weekend in the States.

Chris Hedges: The Tinder of Revolutionary Movements

"I have three precious things, which I hold fast and prize.

The first is gentleness; the second is frugality; the third is humility, which keeps me from putting myself before others. Be gentle, and you can be bold; be frugal, and you can be liberal; avoid putting yourself before others, and you can become a leader among men.

But in the present day men cast off gentleness, and are all for being bold; they spurn frugality, and retain only extravagance; they discard humility, and aim only at being first.

Therefore they shall surely perish.

Gentleness brings victory to him who attacks, and safety to him who defends. Those whom Heaven would save, it fences round with gentleness."

Lao Tzu


"A revolution is coming: a revolution which will be peaceful if we are wise enough; compassionate if we care enough; successful if we are fortunate enough. But a revolution which is coming whether we will it or not. We can affect its character; we cannot alter its inevitability."

Robert F. Kennedy

SP 500 and NDX Futures Daily Charts - Updated After the Close

Charts are a little early today but will be adjusted if anything significant happens into the close.

Note: charts have been updated. Apparently they dumped the futures to the opening price in the last half hour of trade. Very technically traded market. Pretty much infested by key punching day traders and computer algos.

Have a pleasant evening.