John Law and the Mississippi Bubble

John Law and the Mississippi Bubble by Richard Condie, National Film Board of Canada

NAV Premiums of Certain Precious Metal Trusts and Funds

Gold Daily and Silver Weekly Charts - Claims Per Ounce at 69 to 1

Nothing much of note in the metals today as they continued to bump into overheard resistance.

There was little movement of gold bullion in or out of the Comex warehouses.

I had asked Nick Laird of Sharelynx to check his figures and it turns out that the 'claims per ounce' from yesterday were a bit light at 63.  That did seem very little for a 51,000 ounce change in registered inventory.

A corrected chart is shown below. 

We are at an all time record of 69 potential claims for each ounce of deliverable gold.

Koosjansen has a new update on 'West To East Gold Distribution'

Have a nice weekend.

 

SP 500 and NDX Futures Daily Charts - Up Up Up

This was the sixth week of gains on the SP 500 as VIX slumped near the yearly low.

The perception is set that Janet Yellen will maintain an exceptionally accommodative policy at the FOMC.

Have a pleasant weekend.