12 June 2013

Gold Daily and Silver Weekly Charts - Hunger Games



The overnight news about revelations of price rigging and market manipulation in order to steal money from customers was disconcerting. You may wish to scroll down and read more about it.

The FOMC meets next week. Tomorrow will bring more economic news.

QE is not over by a long shot. They may call it something else. They may wrap it in a different package. And the government may finally get busy and do some decent economic planning for growth rather than this interminable infighting and divvying of loot.

People may wish to protect some of their wealth from expropriation. There are a number of things one may do if you have not done so already.

One of the things you may wish to do is to watch The Hunger Games if you have not had time to read the books.  I think that the dystopia it portrays is as possible as 1984 or a Brave New World.  Or perhaps even something by Charles Dickens.

The price manipulation in the markets is fairly obvious for anyone who wishes to look and see it. I mean, really. 





SP 500 and NDX Futures Daily Charts - Front Running For a Fee


Stocks gave it up today on mostly international jitters, with the political situation in Turkey and the economic situation in Japan.

VIX has now reach the levels that have signaled the recent high water marks.

Tomorrow we get US unemployment claims, Ex-Im Prices, and Retail Sales.

Any further weakness risks stocks slipping out of their short term trend channels and providing a more interesting test of support.





SP 500 Futures Intraday


Let's see if and where the equity market finds support.

I will be 'rolling over' the June contract to September by the end of the week.



NAV Premiums of Certain Precious Metal Trusts and Funds


Subdued pricing even with today's little rally.

The specs are licking their chops to sell into an anticipated Friday decline, based on their recent experience. It is merely a herd behavior, similar to 'rally Tuesday' in stocks.  That decline is generally for the period after the world markets close for the weekend.