22 May 2013

Gold Daily and Silver Weekly Charts - Could It Be Any More Obvious


"First they ignore you, then they laugh at you, then they fight you, and then you win."

Mohandas K. Gandhi

Intraday commentary here.

Each market operation to keep the precious metal prices lower sends more bullion out of the hands of the western Banks and into stronger hands in the East.

Why would they do this? What is their game plan?

There isn't one.   They are just trying to 'muddle through.'

They are doing what they have been doing, and hoping for something to happen before they run out of fuel, and crash and burn. 

Or better yet, abandon the plane and passengers, take all the cash they can carry, and bail.




SP 500 and NDX Futures Daily Charts - Rough Seas Ahead


 Early today the markets soared on initial indications from Bernanke of Quantitative Easing, for as far as the eye can see.

Then Bernanke's response to some questions cast some clouds, and the markets reversed sharply. 

Make no mistake.  There is little underpinning the equity market except for monetary froth.

Rough seas ahead. Batten down the hatches.

Ben is pouring oil on troubled waters.  But it may not be enough, or even hazardous in its own right.




Liz Warren Grills Jack Lew on Too Big To Fail


Original source and commentary is at Mother Jones

Warren nails it in the last minute of the tape. The US lack of serious reform is a risk to the world economy.

Obama is a thoroughly modern manager: part Herbert Hoover, and part Richard Nixon.  





Silver Rally Hit By Ruthless Selling


Bernanke's QE remarks sparked a flight to the metals and short covering as the silver shorts temporarily lost control of the trade.  There will be QE of many sorts, as far as the eye can see.

This was quickly met by renewed waves of ruthless selling by the Anglo-American financial cartel.

Silver has since returned to its pre-rally price of 22.75.

The suppression of gold was even more brutal with a plunge on selling, and a gap lower, even on the one minute chart.

The premiums for real metals continue to be high compared to the paper prices set in London and New York.

Gold and silver are flowing from West to East.  With each purchase, the Banks are being stripped of their bullion.

They can keep this up, until the people, in their increasing confusion and misery, finally realize that the emperor has no clothes.   And then comes change, and one would hope, reform. A generation forgets, and the next remembers and relearns the lessons from the past.

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.


This is what happens when an artificial tyranny finally falls. First it is the actions of individuals, then a movement, and finally a swiftly moving avalanche.

Freedom is not an objective or a prize to be won and kept at last; freedom is a way of life, a continuing commitment to truth, and to equal justice for all.

Revolutions decay into tyrannies, and over slow time are renewed again. The human spirit is resilient, as long as at least one person can stand for the truth and with peaceful but determined resolve say, 'You may own the world, but you don't own me.'





“Stand up for what you believe, even if you are standing alone.”

Sophie Scholl