SP 500 and NDX Futures Daily Charts - Paint Drying

These markets are beyond boring. Looks like an intermediate top is in the making, but it is being buoyed by the Fed's printing on behalf of its Wall Street cronies.

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - À Chaque Fou Plaît Sa Marotte

Marlon Brando in The Ugly American

"Plus ça change, plus c'est la même chose."

Jean-Baptiste Alphonse Karr, Les Guêpes

There was a 'Dr. Evil' style headfake overnight, a typical clumsy and brazen 'sell at market' in a quiet period.

Commentary and chart here.

Prices on the metals rose during the day to the capping region, and were subsequently-- capped.  Great success.

"Every fool is pleased with their own foolishness."

If you wait long enough, you will see everything happen all over again, with modest differences in faces and places.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Rise of the Modern Prometheus

"Corporations are not concerned with the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw poor people out of homes, let the uninsured die, wage useless wars for profit, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, plunder the U.S. Treasury and crush all popular movements that seek justice for working men and women. They worship money and power.

Chris Hedges

Life imitates The Hunger Games.

And may the odds be ever in your favor.

Have a pleasant evening.

 

NAV Premiums of Certain Precious Metal Trusts and Funds

Gold and silver are being weighed upon by targeted selling in the market, particularly in the off hours. However the premiums in the trusts and funds are much more historically 'normal' than they have been.

The gold to silver ratio remains high at 66.