Gold Daily and Silver Weekly Charts - Hedge Funds Stage Limp Bear Raid in Light Volume

...and the horse they rode in on.

Weighed, and found wanting.

Stand and deliver.

SP 500 and NDX Futures Daily Charts - Weak Economy, Den of Vipers

There was little price discovery in the market today, just some algos tiredly batting the prices around in light volume.

Gold Daily and Silver Weekly Charts - Treading Water

Let's see how the physical inventories fare this week. The hedge funds seem to be determined to press the paper price of the metals lower.

I am watching this 'W' formation on the gold chart with increasing fascination. If the funds cannot negate this, then W will stand for whiplash.

SP 500 and NDX Futures Daily Charts - Complacency Reigns, But Jitters Behind the Scenes

There was a light volume choppy market in stocks today despite the 'better than expected' number for ISM Services.

Richard Fisher came out and make hawkish comments about the Fed's policy, which dampened the markets.

VIX dropped again, but you have to wonder about this given the 'heightened threat' environment that is alledged to be the worst since 9/11.

This is a light data week, and the equities markets will lack direction except from earnings and secular events.