05 July 2013

Weekend Viewing: Quo Vadis, Domine?

Gold Daily and Silver Weekly Charts - Bear Raid as Expected for Non-Farm Payrolls Day


The expected bear raid showed up right on cue.

Scroll down for intraday commentary on the Non-Farm Payrolls Report and the precious metals action.

See you Sunday evening.



SP 500 and NDX Futures Daily Charts - Holiday Hijinx


Light trade, allowing for the old dipsy doodle.

Have a pleasant weekend.




NAV Premiums of Certain Precious Metal Trusts and Funds


I suggested that the metals would be hit with a bear raid today, and so they were.

The Jobs number was a bit hollow, as noted in the blog entry below this.

There will be no sustained recovery until most workers can reasonably maintain a livable wage with healthcare benefits.

And the Fed and the government will continue to support a broken system that sustains and rewards them, because that is in their own short term, selfish interests. That is the credibility trap.