11 March 2014

SP 500 and NDX Futures Daily Charts - Seems Almost Like the Summer Doldrums


As Jesse Livermore once said, 'Never short a dull market.'

And this market is dullsville. If something sets it rolling downhill, it could go some way before it hits anything solid.

But, the Fed seems to have their backs.







NAV Premiums of Certain Precious Metal Trusts and Funds


The Sprott Silver Trust is getting low on cash as a percentage of its overall assets.  This time last year it had about $14 million in cash.

Typically they would look to do a secondary offering to add silver and cash.  That tends to temporarily lower their premium to NAV.





10 March 2014

Gold Daily and Silver Weekly Charts - Is Today Just Another Day in the Matrix


If someone strangles the canary, does that mean that the mine is now completely safe and risk free?

Neo: What does that mean?

Cypher: It means fasten your seat belt Dorothy, because Kansas is going bye-bye.

The Matrix

Have a pleasant evening.




SP 500 and NDX Futures Daily Charts - Ho Hum


As boring days go, today was a fairly boring day.

Given all the florid headlines about the confrontation in the Ukraine, the markets shook it all off.

Have a pleasant evening.